Traditionally, the manufacturing industries used to deploy human workers for carrying out inspection of processes, equipment and products manually even in the hazardous and unsafe situations. These circumstances in the manufacturing firms made a strong point to implement inspection robots. These robots are used for inspection, monitoring, and surveillance. Additionally, the use of inspection robots helps in increasing operational efficiency, reducing human intervention, improving safety and reducing cost.
The analysts at Technavio forecast global inspection robots market to reach above $3 billion at a CAGR of 16 plus percent over the period from 2017 to 2021. Among the end-user industries, oil and gas industry is the major stakeholder in the growth of inspection robots market followed by petrochemical industry due to their numerous complex processes and equipment used.
Industrial Robots Replacing Human Workforce: How Robots are Better than Human Beings?
Though, implementation of robotics entails significantly high one-time investment, in the long run It helps the manufacturing firms to achieve a better return on investment (ROI) by reducing operational costs and it assists in generating positive cash flow owing to immense focus on higher operational excellence. Thus, it is a foremost driving factor in global inspection robots market.
Further, the use of robots in manufacturing industry increases the quality of output since the possibilities of committing errors by the robots is extremely less than human beings. Apart from that, robots display higher efficiency compared to human beings and possess greater capability to perform multiple tasks within a short span of time. Additionally, robots can reach out to critically harmful areas, helping firms to avoid deployment of manual workers for inspection in hazardous environment and ensuring the safety of industrial workers.
Industrial robots perform operations reliably, as they are equipped with the advanced sensors, cameras and other electronic devices which aids in smooth functioning of operations in any manufacturing firm.
Inspection robots also incorporates agility in industrial processes in terms of reprogramming, customized product delivery and fast changeovers as they are faster and easier to operate in contrast to human beings.
Prominent Players in Global Inspection Robots Market
- AETOS
- GE Inspection Robotics
- Honeybee Robotics
- Inuktun Services
- Universal Robots
Technavio Market Insights
We have done a comprehensive study on Global Inspection Robots Market based on in-depth market analysis with inputs from industry experts. The report covers the detailed insights of industry including key vendors, growth prospects in various industries, challenges and other related aspects.
