Launch of Fully Autonomous 3D Mobile Scanning Integration Technologies to Augment Growth of Inspection Robotics Market

 


Inspection robotics is used to inspect and document equipment such as refrigeration trucks, conveyor belts, compressors, ovens, pumps, outboards, boat engines, parts, ships, and airplanes.

Market Dynamics                                  

Launch of fully autonomous 3D mobile scanning integration technologies is expected to propel growth of the global inspection robotics market. For instance, in August 2020, FARO Technologies, Inc. launched FARO Trek, a fully autonomous 3D mobile scanning integration built in collaboration with the Massachusetts-based robotics firm Boston Dynamics.

Launch of software for portable and fixed measuring devices is expected to offer lucrative growth opportunities for players in the global inspection robotics market. For instance, in September 2018, Verisurf Software, a measurement solutions company, presented its latest metrology software, Verisurf 2019, a measurement software for automated quality inspection and reporting, scanning and reverse engineering, tool building and assembly guidance, at IMTS show in Chicago, U.S. Moreover, increasing funding in inspection robotics is also expected to aid in growth of the market. For instance, in 2019, Gecko Robotics, an industrial robotics startup, raised US$ 40 million in a series B round of funding. Similarly, in 2019, Invert Robotics, a spinout from the University of Canterbury’s School of Engineering, New Zealand, raised US$ 8.8 million.

Among regions, North America is expected to witness significant growth in the inspection robotics market, owing to increasing adoption of inspection robots in the military and defense sector. For instance, in 2019, Sarcos Robotics partnered with Puget Sound Naval Shipyard & Intermediate Maintenance Facility, U.S., to evaluate and deploy robotic technologies, including full-body, powered exoskeletons and man-portable inspection robots, for use in naval shipyards.

Competitive Analysis

Major players operating in the global inspection robotics market include, AETOs, GE Inspection Robotics, Honeybee Robotics, Inuktun Services, Universal Robots, AZoRobotics, Calmation, Cognex, Cross Robotics, New Scale Robotics, ECA Group, FARO Technologies, Inc, FMC Technologies, Genesis Systems Group, Hydrovision, Inspectorbots, JH Robotics, Sarcos Robotics, Lakeview Vision and Robotics, Leo Robotics, NuTec, RNA Automation, SuperDroid Robots, Robotic Automation Systems, Warren Industrial Solutions, and Wauseon Machine and Manufacturing among others.

Major players operating in the global inspection robotics market are focused on launching new products to expand their product portfolio. For instance, in 2020, New Scale Robotics launched its Q-Span Workstation Kit, the first application kit for quality inspection to be certified by Universal Robots and featured on the UR+ platform.


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