Global Inspection Robots Market in the Oil and Gas Industry Market 2015-2019

Nov 12, 2015, 15:09 ET from ReportBuyer

LONDON, Nov. 12, 2015 /PRNewswire/ -- About inspection robots
A robot is a machine designed to perform one or more complex tasks precisily and accuratly with minimum supervision. An inspection robot is used for the purpose of inspection, monitoring, and surveillance. All structures in the oil and gas industry throughout their operational life are exposed to harsh environments, such as extreme temperatures, high pressure, and corrosive chemicals, leading to heavy wear and tear, causing leakages, cracks, and dents.

Inspection robots play an important part in the oil and gas industry by taking the invaluable role of inspection, monitoring, and surveillance of complex structures in oil and gas, and, thereby, averting any disasters that may occur otherwise. The use of these robots help in reducing human intervention, increase operational efficiency, reduces cost and improves safety.

Technavio's analysts forecast the global inspection robots market in the oil and gas industry to grow at a CAGR of 20.46% over the period 2014-2019.

Covered in this report
The report covers the current scenario and the growth prospects of the global inspection robots market in the oil and gas industry for the period of 2015-2019. To calculate the market size, the report considers revenue generated through the sales of various inspection robots in the oil and gas industry.

The market is divided into the following segments based on product types:
- Remotely operated vehicles
- Autonomous underwater vehicles
- Unmanned aerial vehicles
- Unmanned ground vehicles

Technavio's report, Global Inspection Robots Market in Oil and Gas Industry 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers Americas, APAC and EMEA; it also covers the landscape of the global inspection robots market in the oil and gas industry and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

Key regions
- Americas

Key vendors
- Alstom Inspection Robots
- Honeybee Robotics
- Inuctun Services

Other prominent vendors
- FMC Technologies
- Hydrovision
- IKM Subsea
- International Submarine Engineering

Key market driver
- Increased offshore drilling
- For a full, detailed list, view our report

Key market challenge
- High cost of maintenance
- For a full, detailed list, view our report

Key market trend
- Focus on developing application-specific sensors
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Download the full report:

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