USD 1.61 billion
GCC Inspection Robots Market Size, Share, Growth Analysis, By Robot(Mobile Robots, Stationary Robotic Arm), By Testing Type(Non-destructive Inspection, Automated Metrology) - Industry Forecast 2024-2031
Report ID:
SQMIR45J2227 |
Region:
Regional |
Published Date: March, 2024
Pages:
197
|
Tables:
61 |
Figures:
75
GCC Inspection Robots Market Insights
GCC Inspection Robots Market size was valued at USD 1.61 billion in 2022 and is poised to grow from USD 2.11 billion in 2023 to USD 18.17 billion by 2031, at a CAGR of 30.90% during the forecast period (2024-2031).
Inspection robots are used to check manufacturing processes, pipelines, transportation networks, and other monitoring activities. Robotic inspection systems are highly useful for keeping an eye on industrial manufacturing processes.
Robots can also gather, store, and give data regarding goods and services that have already undergone inspection. The ability of inspection robots to examine objects and locations that humans are unable to see with their unaided eyes is one of the market's main growth drivers. Inspection robots can be used to successfully monitor areas or objects that are impossible for humans to observe.
Additionally, inspection robots protect workers' safety by preventing them from physically inspecting hazardous or risky situations. Furthermore, data gathered throughout the monitoring process can be organised, examined, and reported using inspection robots.
The cost to install these robots, however, may be higher initially. Additionally, system failure might result in the complete failure of the inspection process, endanger workers, or create risks for the industry. The implementation of artificial intelligence (AI) and the internet of things (IoT) in these robots, on the other hand, may create a number of chances for the market for inspection robots to expand during the course of the projected period.
GCC Inspection Robots Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Mobile Robots
Fastest Growth
Mobile Robots
Growth Rate
30.90% CAGR
GCC Inspection Robots Market, 2024-2031(Bn)
Country Share for GCC- 2024 (%)
GCC Inspection Robots Market size by robot type, 2024-2031(Bn)
GCC Inspection Robots Market size by robot type, 2024-2031(%)
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GCC Inspection Robots Market Segmental Analysis
GCC Inspection Robots Market is segmented into robot type and testing type. By robot type, GCC Inspection Robots Market is segmented into Mobile Robots, Stationary Robotic Arm. On the basis of testing type, GCC Inspection Robots Market is segmented into Non-destructive Inspection, Automated Metrology. On the basis of region, GCC Inspection Robots Market is segmented Saudi Arabia, Kuwait, the United Arab Emirates, Qatar, Bahrain
GCC Inspection Robots Market Analysis by Robot
The Inspection Robots Market is segmented into Mobile robots and Stationary robotic arms based on the kind of robot. In terms of revenue, the inspection robots market's mobile robots segment held the largest market share in 2021. A mobile robot is a robotic machine that can move about. Mobile robotics is an area of information engineering and robotics. Mobile robots are those that can move around in their environment and are not limited to a certain physical space.
GCC Inspection Robots Market Analysis by Testing
The Inspection Robots Market is divided into Automated metrology and Non-destructive inspection based on the testing type. In terms of revenue, the inspection robots market for automated metrology accounted for a sizable revenue share in 2021. It is because an automated metrology system allows the user to instantaneously contain, rectify, verify, and manage manufacturing quality 100% of the time at full production speed without handling the part. Procedures used in complex, high-volume manufacturing are sometimes prone to unplanned, rapid modifications.
GCC Inspection Robots Market size by robot type, 2022 (%)
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GCC Inspection Robots Market Regional Insights
On the basis of region, it is segmented Saudi Arabia, Kuwait, the United Arab Emirates, Qatar, Bahrain. One of the Middle East's most technologically advanced nations is the United Arab Emirates. The nation ranks among the top 20 digitally developed economies in the world. To meet the demands of the patients, VGo communication set up a telepresence robot in Amana Healthcare, a medical and rehabilitation facility in the UAE. Crescent Enterprises, an investment firm with offices in the UAE, contributed USD 16 million to the development of surgical robots for use in regional hospitals. In Dubai hotels, Amro Kamel General introduced the Techi Serve robot in December 2021. This machine can serve beverages and move independently by sensing obstructions in its path. Similarly, in Dubai in January 2021, the Swiss company Serbot AG unveiled robotic window cleaning solutions for tall buildings. These developments point to a significant increase in the domestic market for collaborative robots.
GCC Inspection Robots Market size by Region, 2024-2031
- Largest
- Fastest
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GCC Inspection Robots Market Dynamics
GCC Inspection Robots Market Drivers
High Quality Services to Bolster Market Growth
- Semi-autonomous or fully autonomous inspection robots are preferable to manual inspection for quality inspection and scanning applications. Robotic inspection offers a higher level of quality assurance and quality control than manual inspection.
- The attention levels of quality inspection workers and staff often deteriorate with time due to factors like the tiresome repetition of tasks, mental tiredness, and a steady decrease in productivity. The use of inspection robots enhances the standards of quality assurance and quality control and, as a result, the quality of the finished product due to the reduction in faults and errors.
GCC Inspection Robots Market Restraints
Manufacturing Fluctuation to Hinder Market Growth
- COVID-19 had an impact on the manufacturing, accommodation, and transportation industries during its epidemic. Manufacturing-related activities were suspended or restricted. There were limitations on the global supply chain for constructing and transportation. As a result, there was a decline in the market demand for and production of inspection robots, which in turn constrained the market's expansion.
- Integrating robot arms and other equipment is a challenging undertaking given the state of industrial progress today. If the end user lacked the necessary engineering competence, a certified system integrator would be needed. When determining whether automation requirements are feasible, accuracy and cycle time would be given top importance. The projected production cycle can be used to assess production capacity and calculate return on investment, and with enough precision, each stage can be successfully completed (ROI).
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GCC Inspection Robots Market Competitive Landscape
Manufacturers significantly invest in R&D to provide helmets with better safety features and overall design. The market is characterised by a rapid pace of technological improvements.
GCC Inspection Robots Market Top Player's Company Profiles
- ABB Ltd.
- Omron Adept Technologies, Inc.
- iRobot Corporation
- KUKA Robotics Corporation
- FANUC Corporation
- Yaskawa Electric Corporation
- Intuitive Surgical, Inc.
- Honda Motor Co., Ltd.
- Nachi Robotics Systems, Inc.
- Kawasaki Heavy Industries, Ltd.
- Panasonic Corporation
- Mitsubishi Electric Corporation
- Aethon Inc.
- Clearpath Robotics Inc.
- DJI Technology Co., Ltd.
- Blue River Technology, Inc.
- Cognex Corporation
- Epson Robotics
- Universal Robots A/S
- Rethink Robotics, Inc.
GCC Inspection Robots Market Recent Developments
-
In January 2024, Micropolis, a Dubai-based manufacturer that specialises in developing autonomous mobile robots, announced that it plans to build a new production plant and triple its workforce with the $37 million funding it raises from an upcoming New York initial public offering.
-
In May 2023, ETH spinout ANYbotics raised $50 milion for AI-led robo workforce. Walden Catalyst and NGP Capital led the round, with participation from investors including Bessemer Venture Partners and Aramco Ventures (the corporate venture arm of Saudi energy and chemicals giant Aramco).
- In March 2022, AETOS’ new 5G Integrated Command Centre (ICC) was officially launched.
GCC Inspection Robots Key Market Trends
- In order to enhance the use of robotic paints and use as little human labour as possible for industrial operations, the main businesses in the market for inspection robots are concentrating on the rising acceptance of cutting-edge technology in the equipment industry.
- Major corporations can expand their enterprises and grow their market share thanks to today's more tough competition. Using machinery designed to provide exact mixing and spraying, quality may be increased, waste and VOCs may be decreased, and production may be raised overall.
GCC Inspection Robots Market SkyQuest Analysis
SkyQuest’s ABIRAWA (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, Inspection robots are used to check manufacturing processes, pipelines, transportation networks, and other monitoring activities. Robotic inspection systems are highly useful for keeping an eye on industrial manufacturing processes. Robots can also gather, store, and give data regarding goods and services that have already undergone inspection. The ability of inspection robots to examine objects and locations that humans are unable to see with their natural eyes is one of the market's main growth drivers. Inspection robots can be used to monitor areas or objects that are impossible for humans to see. Additionally, inspection robots guarantee worker safety by preventing workers from manually inspecting hazardous or risky places.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 1.61 billion |
| Market size value in 2031 | USD 18.17 billion |
| Growth Rate | 30.90% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on GCC Inspection Robots Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on GCC Inspection Robots Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the GCC Inspection Robots Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the GCC Inspection Robots Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the GCC Inspection Robots Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the GCC Inspection Robots Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
GCC Inspection Robots Market Report Snapshots
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