Top 5 Vendors for Inspection Robots until 2021 – A Competitive Analysis

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Vendors to focus on offering both standard and custom products.

Technavio, a company that develops over 2000 pieces of research every year and covers more than 500 technologies across 80 countries, has announced the top five vendors for the global inspection robots market in their latest research report. This report also lists 17 other prominent vendors who are expected to contribute to this market’s growth between 2017-2021.

Competitive vendor landscape

The global inspection robots market is characterized by the presence of a relatively less number of original equipment manufacturers. The market consists of several robotic solution providers and system integrators that deliver integrated solutions for industrial inspection. Since inspection application carried out by robots is gradually gaining momentum across industries, Technavio expects more system integrators to enter the market during the forecast period. Presently, due to high cost of technology and advanced components (sensors, vision capability, cameras), only a few system integrators are present in the market

According to Bharath Kanniappan, a lead analyst at Technavio for research on robotics, “The market is likely to witness the emergence of more vendors who will offer both standard and custom products for end-users. With maturity in the market, vendors are likely to increase their investment in R&D to engineer an advanced robotic system with artificial intelligence capability.”

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Top five vendors in the inspection robots market space

AETOS

AETOS engages in the manufacturing of a wide range of unmanned ground vehicles that are equipped with imaging and sensor technology for inspecting industrial assets. The robots are deployed for carrying out a land-based inspection in the oil and gas, petrochemical, and infrastructure assets. In the oil and gas and petrochemical industries, robotic inspection is applied in pipelines, pressure vessels, and tanks.

Key products: Vessel inspection robots, Tank car inspection robots, and Tank inspection robots.

GE Inspection Robotics

GE Inspection Robotics, a joint venture of GE Power Services and Swiss Federal Institute of Technology Zurich, engages in developing mobile inspection robots that are deployed across industries. The company also produces other inspection components that are sold to robotic system integrators in the market.

Key products: Bike Platform, FAST platform, FAST RVI, FAST UT, and Boiler Wall Cleaning and Inspection (BWCI).

Honeybee Robotics

Honeybee Robotics engages in the design and engineering of advanced robotic systems for industrial and other commercial applications. The company manufactures robotic solutions for the oil and gas industry. It primarily manufactures pipe inspection robots that are used to inspect gas distribution pipelines.

Key products: Pipe inspection robots.

Inuktun Services

Inuktun Services engages in the design and engineering of ROVs and modular robots that are deployed for industrial applications in hazardous and risk-prone areas. The company also specializes in offering a range of engineering services that include conceptual design to project implementation.

Key products: Versatrax 450, VT 100 vertical crawler, VT 100 vertical crawler, Versatrax 100 MicroMag, and Delta.

Universal Robots

Universal Robots engage in designing robotic solutions for end-user industries. The products manufactured ranges from a simple robotic arm to a complete application specific robotic unit. In the inspection robots market, Universal Robots manufactures all types of robotic arms that can be customized by system integrators as per the end-user requirement. It is also designed application specific components that are used for carrying out an inspection in industries.

Key products: RoboScanner.

A more detailed analysis is available in the Technavio report, Global Inspection Robots Market 2017-2021. Technavio also customizes reports by other regions and specific segments upon request.

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