New Study from StrategyR Highlights a $6.8 Billion Global Market for Inspection Robots by 2026
SAN FRANCISCO, Oct. 19, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Inspection Robots - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 8; Released: April 2021
Executive Pool: 479
Companies: 51 - Players covered include AETOS; AZoRobotics; Cognex Corporation; Cross Company; ECA Group; FARO Technologies, Inc.; GE Inspection Robotics; Genesis Systems Group LLC; Honeybee Robotics, Ltd.; Inspectorbots; Inuktun Services Ltd.; JH Robotics, Inc.; Lakeview Vision & Robotics; LEO - Center for Service Robotics; NuTec Tooling Systems, Inc.; RNA Automation Ltd.; Robotic Automation Systems; SuperDroid Robots Inc.; Universal Robots A/S; Warren Industrial Solutions; Wauseon Machine and Manufacturing and Others.
Coverage: All major geographies and key segments
Segments: End-Use (Oil and Gas, Petrochemical, Food and Beverage, Other End-Uses); Type (ROV, Autonomous Robots)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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ABSTRACT-
Global Inspection Robots Market to Reach $6.8 Billion by 2026
Amid the COVID-19 crisis, the global market for Inspection Robots estimated at US$2.7 Billion in the year 2020, is projected to reach a revised size of US$6.8 Billion by 2026, growing at a CAGR of 16.6% over the analysis period. ROV, one of the segments analyzed in the report, is projected to record a 16.3% CAGR and reach US$5.3 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Autonomous Robots segment is readjusted to a revised 17.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $950.4 Million in 2021, While China is Forecast to Reach $1.2 Billion by 2026
The Inspection Robots market in the U.S. is estimated at US$950.4 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.2 Billion by the year 2026 trailing a CAGR of 16% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 14.7% and 14.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 12.2% CA GR. More
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About Global Industry Analysts, Inc. & Strategy™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GOA is recognized for accurate forecasting of markets and industries for over 33 years.
CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]
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SOURCE Global Industry Analysts, Inc.
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