The global inspection and maintenance robot market is expected to witness a high growth rate during the forecast period 2020-2025 owing to the growing usage of robots in emerging countries for safety purposes and low cost of inspection using robotic technology. However, the lack of customer’s acceptance toward autonomous robotics technology act as the major challenge for the market. The rising demand for offshore drilling applications is expected to create viable opportunities for the inspection and maintenance robot market.
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The growth of the inspection and maintenance robot market is majorly due to the growing usage of robots in emerging countries for safety purposes and the low cost of inspection using robotic technology. The growing concerns toward the safety of laborers working in a hostile environment have become an essential need for the inspection and maintenance robot market.
The inspection and maintenance robot market has witnessed various forms of market dynamics across different regions of the globe. Also, the inspection robot manufacturing companies have recently witnessed a rising demand from countries such as the U.S., China, Singapore, India, Italy, Germany, and others.
The global inspection and maintenance robot market is presently one of the most competitive markets among professional service robots, with the leading players actively competing against each other to gain a greater share in the industry. The competitive landscape of the inspection robots exhibits an inclination toward emerging strategies and developments by market players.
The key players that are actively participating in the inspection and maintenance robot market include Cognex Group, FARO Technologies, Inc., Oceaneering, Shell, Aetos Group, Ensign-Bickford Industries Inc., Eddyfi NDT Inc., GE inspection Robotics (joint venture of GE Power services and the Swiss Federal Institute of Technology), Gecko Robotics, Genesis Systems Group, JH Robotics, Inc., LEO, Robotics, Robotnik, Superdroid Robots, Inc., and ULC robotics, among others.
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