USD 1.61 billion
Report ID:
SQMIR45J2227 |
Region:
Regional |
Published Date: March, 2024
Pages:
197
|Tables:
61
|Figures:
75
GCC Inspection Robots Market size was valued at USD 2.11 Billion in 2023 and is poised to grow from USD 2.76 Billion in 2024 to USD 23.78 Billion by 2032, growing at a CAGR of 30.90% during the forecast period (2025-2032).
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.
Global Market Size
USD 1.61 billion
Largest Segment
Mobile Robots
Fastest Growth
Mobile Robots
Growth Rate
30.90% CAGR
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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.
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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.
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GCC Inspection Robots Market Drivers
High Quality Services to Bolster Market Growth
GCC Inspection Robots Market Restraints
Manufacturing Fluctuation to Hinder Market Growth
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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
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).
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 |
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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 |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
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.
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.
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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.
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Report ID: SQMIR45J2227
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