Inspection Robots Market Size, Share, Forecast, & Trends Analysis by Type (Stationary, Mobile), Application (Visual, Ultrasonic, Photogrammetry, Laser Scanning, Thermal, Quality Inspection), End User (End Use Industry, Inspection Services) and Geography - Global Forecast to 2031

The Inspection Robots Market is expected to reach USD 5,593.6 million by 2031, at a CAGR of 21.6% during the forecast period (2024–2031).

The growth of the inspection robots market is driven by the growing demand for automated inspection processes, stringent government regulations & compliances related to product quality & safety, and the increasing adoption of Industry 4.0 technologies. However, the high initial investment requirements and the shortage of skilled & qualified personnel restrain the growth of this market.

Moreover, the technological advancements in inspection robots are expected to generate growth opportunities for the players operating in this market. However, the efficient integration of inspection robots with existing production lines and safety issues with inspection robots are some of the major challenges impacting market growth.

ABB Ltd

Founded in 1988 and headquartered in Zurich, Switzerland, ABB Ltd is an automation company that designs, manufactures, and sells electrical products and solutions, integrated automation and electrification systems tailored for specific industries, and mechanical power transmission products. It serves a variety of sectors, including automation, electronics, food and beverages, foundry and forging, logistics, metal fabrication, plastics, solar energy, packaging and palletizing, robotic welding, and wood processing. The company operates through several segments: Electrification, Process Automation, Motion, Robotics & Discrete Automation, as well as Corporate and Other segments, which include E-mobility and non-core or divested businesses.

ABB's robotics division encompasses a wide range of offerings, including industrial robots, software solutions, robotic systems, field services, spare parts, and digital services. The company operates within the Robotics & Discrete Automation segment, leveraging 17 manufacturing sites globally. Its extensive distribution network ensures a strong geographical presence across the Americas, Europe, Asia, and the Middle East & Africa. Key subsidiaries include ABB Inc. (U.S.), ABB Limited (U.K.), Asea Brown Boveri Lanka (Sri Lanka), Asea Brown Boveri Ltd. (Mauritius), ABB Technologies Ltd. (Israel), PT ABB Jasa Indonesia, ABB Global Industries and Services Private Limited (India), and ABB (Pvt) Ltd. (Pakistan).

Fanuc Corporation

Founded in 1972 and headquartered in Yamanashi, Japan, Fanuc Corporation, a leading robotics company, specializes in the manufacturing, development, and provision of industrial robots and robomachines. In addition, Fanuc offers the FANUC Intelligent Edge Link & Drive (FIELD) system alongside a range of products, including computerized numerical control (CNC) systems, servo motors, servo amplifiers, and laser oscillators. The company serves manufacturing industries and third-party developers worldwide, solidifying its position as a key player in automation technology.

Fanuc operates through four major segments: Robomachine, Service, Robot, and FA (Factory Automation). The company offers a diverse range of industrial robots designed to automate processes and enhance labor efficiency, categorizing them into applications such as welding, material handling, assembly, and painting. These robots serve a wide array of industries, including automotive, electronics, logistics, food, pharmaceuticals, and cosmetics. Fanuc's industrial robotics are versatile, general-purpose solutions that find applications across multiple sectors, reinforcing the company's role in advancing automation technology.

With a robust distribution network and various subsidiaries, Fanuc has a significant geographical presence spanning the Americas, Europe, Japan, Asia, Oceania, and South Africa. Key subsidiaries include Fanuc Robotics North America, Inc., Fanuc India Private Limited, Fanuc Philippines Corporation, Fanuc Robotics Europe GmbH, Fanuc Thai Limited, and Fanuc America Corporation. This extensive reach enables the company to effectively serve a diverse range of markets and industries worldwide.

Kuka AG

Founded in 1898 and headquartered in Augsburg, Germany, Kuka AG is an automation company specializing in the manufacture, development, and provision of industrial robots, process technologies, customized automation solutions, automated guided vehicle systems, and mobility solutions. The company serves a wide range of industries, including automotive, e-commerce, electronics, energy, healthcare, consumer goods, and metal manufacturing, making it a versatile player in the automation sector.

Kuka AG operates through five major segments: Systems, Robotics, Swisslog, Swisslog Healthcare, and China. It provides a diverse array of industrial robots and systems and ensures comprehensive support services worldwide. The company's automation production is bolstered by its robotics division, which includes industrial, collaborative, and mobile robots, along with robot controllers and software tailored for Industrial IoT applications.

Kuka AG has a strong distribution network and subsidiaries that extend its presence across the Americas, Europe, Asia & Oceania, and the Middle East & Africa. Key subsidiaries include Kuka CEE GmbH, Swisslog Technology Center Austria GmbH, Kuka Robotics Australia Pty. Ltd., Swisslog Healthcare Asia-Pacific Pte. Ltd., Swisslog Middle East LLC, and Kand UKA Systems North America LLC.

Mitsubishi Heavy Industries Ltd.

Founded in 1950 and headquartered in Tokyo, Japan, Mitsubishi Heavy Industries Ltd. is an industrial company that provides innovative and integrated solutions across various sectors, including energy systems, defense, power systems, environment, infrastructure, aviation, machinery, and logistics. In December 2022, Mitsubishi Heavy Industries Ltd. and Mitsubishi Electric Corporation announced a collaboration to integrate their power generator systems businesses, aiming to enhance market competitiveness and contribute to a carbon-neutral society.

The company operates in four major business segments, namely, Energy Systems, Plants& Infrastructure Systems, Logistics, Thermal & Drive Systems, and Aircraft, Defense & Space. Mitsubishi Heavy Industries operates in several regions of the world, such as North America, South America, Europe, the Middle East, Asia, Oceania, and Africa.

Key subsidiaries of Mitsubishi Heavy Industries include Mitsubishi Heavy Industries America, Inc. (U.S.), Mitsubishi Power Canada, Ltd. (Canada), MHI Power Aero Argentina S.R.L. (Argentina), and MHI do Brasil Ltda. (Brazil), Mitsubishi Heavy Industries EMEA, Ltd. (U.K.), Mitsubishi Heavy Industries France S.A.S. (France), Mitsubishi Power Saudi Arabia Limited, Co. (Saudi Arabia), MHI Power Middle East LLC (UAE), Mitsubishi Heavy Industries Asia Pacific Pte. Ltd. (Singapore), Mitsubishi Power India Private Limited (India), Mitsubishi Power Australia Pty. Ltd. (Australia), and Mitsubishi Power Africa (Pty) Ltd (South Africa).

Yaskawa Electric Corporation

Founded in 1915 and headquartered in Fukuoka, Japan, Yaskawa Electric Corporation is a Japanese robotics firm engaged in the development, manufacturing, sales, and after-sales support of industrial robotics, AC servo motors, controllers, AC drives, and electrical systems. The company is dedicated to advancing industrial automation and addressing its customers' business challenges globally, offering products and services to various sectors, including logistics, food, pharmaceuticals, and cosmetics.

YASKAWA operates through four primary segments: Motion Control, Robotics, System Engineering, and Others. The company also offers digital solutions under its new concept, “i3-Mechatronics,” which aims to drive a new industrial automation revolution as part of its long-term business plan, Vision 2025. This innovative solution enables manufacturers to access robot controllers via machine controller programs, facilitating the integration of servo drives and industrial robotics.

With its subsidiaries and an extensive distribution network, Yaskawa Electric Corporation maintains a geographical presence across the Americas, Europe, Japan, Asia-Pacific, and the Middle East & Africa. Key subsidiaries include Yaskawa America, Inc., Solectria Renewables, LLC, Yaskawa Canada Inc., Yaskawa Eletrico Do Brasil Ltda., Yaskawa Mexico S.A. De C.V., Yaskawa Europe GmbH, and Yaskawa Electric (China) Co., Ltd. As of 2021, the company employed approximately 14,892 individuals globally.

Seiko Epson Corporation

Founded in 1942 and headquartered in Nagano, Japan, Seiko Epson Corporation (Epson) is a Japanese firm focused on the development, manufacturing, sales, and service of products in printing solutions, visual communications, wearable technology, industrial products, and more. Within its robotics division, Epson utilizes advanced precision mechatronics, high-accuracy sensing technology, and software innovations to design, manufacture, and market industrial robots. This segment also encompasses IC handlers and other production systems that significantly enhance productivity.

Epson distributes its robotic solutions through sales companies in Japan, the Americas, Europe, China, and Taiwan, among other regions. The company operates through three primary segments: Printing Solutions, Visual Communications, and Manufacturing-related & Wearables. Seiko Epson Corporation has been awarded numerous patents from the United States Patent and Trademark Office for its robotic solutions, including patents for robot control methods, robot control devices, horizontal articulated robots, and robot hands and systems.

With its subsidiaries and an extensive distribution network, the company maintains a geographical presence across the Americas, Europe, Asia & Oceania, and Japan. Key subsidiaries include Epson Sales Japan Corp., Epson America, Inc., Epson Taiwan Technology & Trading Ltd., Epson Deutschland GmbH, Epson (China) Co., Ltd., Epson Singapore Pte Ltd., and Epson Korea Co., Ltd.

Denso Corporation

Founded in 1949 and headquartered in Kariya, Japan, Denso Corporation is an automotive company that specializes in mobility and after-sales services, including air conditioning systems, power-train systems, safety and cockpit systems, automotive service parts, and accessories. The company also produces robotics solutions applicable in various sectors, including automotive, electronics, food and beverage, and medical and pharmaceuticals. Its robotics offerings encompass applications such as assembly, transportation, inspection, and processing.

The company operates through seven major segments: Thermal Systems, Powertrain Systems, Electrification Systems, Mobility Electronics, Sensors and semiconductors, Advanced Devices, Factory Automation and Social Solutions, and Food Value Chain.

With its subsidiaries and an extensive distribution network, Denso Corporation maintains a geographical presence across Japan, Europe, North America, Asia & Oceania, and China. Key subsidiaries include Denso International America, Inc., Denso Air Systems Michigan, Inc., Denso Manufacturing Arkansas, Inc., Denso Manufacturing North Carolina, and Denso Manufacturing Canada, Inc.

Waygate Technologies (Subsidiary of Baker Huges Company)

Founded in 2004 and headquartered in Germany, Waygate Technologies is a provider of industrial inspection solutions, including systems, services, and software, and is a leader in non-destructive testing (NDT). The company offers a range of inspection methods, including industrial radiography and computed tomography (CT), remote visual inspection (RVI), ultrasound (UT), eddy current, and robotic inspection. Waygate Technologies serves various industries, including automotive, aerospace, electronics, energy, battery, and additive manufacturing, ensuring safety, quality, and productivity in their operations.

Waygate Technologies is a subsidiary of Baker Hughes Company (U.S.), which operates in two reportable business segments: Oilfield Services & Equipment and Industrial & Energy Technology. The Industrial & Energy Technology segment is further divided into five sub-segments: Gas Technology Equipment, Gas Technology Services, Industrial Products, Industrial Solutions, and Climate Technology Solutions. Waygate Technologies engages in the inspection robots market as part of Baker Hughes' Industrial Products business segment.

With sales offices and a strong distribution network, the company has a geographical presence in the United States, Europe, Asia, Latin America, and the Middle East & Africa.

Universal Robots A/S

Founded in 2005 and headquartered in Denmark, Europe, Universal Robots A/S is an automation company specializing in the manufacture and provision of robots for diverse applications, including assembly, dispensing, finishing, machine tending, material handling and removal, quality inspection, and welding. Their solutions cater to various industries such as automotive, electronics, metals and machining, food and beverage, plastics and polymers, medical and cosmetics, as well as education and science. Additionally, Universal Robots offers training and service support for robot operation, ensuring customers receive business and technical assistance worldwide.

With its subsidiaries and a robust distribution network, Universal Robots A/S has a global presence across the Americas, Europe, and Asia-Pacific. Key subsidiaries include Universal Robots USA, Inc., Universal Robots Mexico SA de CV, Universal Robots (Germany) GmbH, Universal Robots A/S, Universal Robots Spain S.L., Universal Robots (India) Pvt. Ltd., and Universal Robots (Shanghai) Ltd.

Robotnik Automation S.L.L.

Founded in 2002 and headquartered in Valencia, Spain, Robotnik Automation S.L.L. is a technology company dedicated to the research, development, manufacturing, and distribution of intelligent robots, monitoring and detection equipment, and control systems for industrial equipment testing and fault diagnosis. The company offers a diverse range of products across several sectors, including power grid, rail transit, oil, gas and chemicals, and public health. Its product portfolio includes solutions such as indoor and outdoor wheeled substation inspections, tracked substation inspections, switchgear manipulation, indoor wheeled inspections of substation switch rooms, rail-mounted intelligent inspections, catenary intelligent inspections, and transmission line inspection robots, among others.

With a presence in over 50 countries and approximately 4,800 customers worldwide, the company has a strong geographic footprint across North America, Europe, and Asia-Pacific.