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A new study from Meticulous Research estimates that the machine control system market will hit $6.4 billion by 2029, growing at a CAGR of 4.8% from 2022 to 2029.<br><br>
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Machine Control System Market Worth $6.4 Billion by 2029
Global Machine Control System Market – 2023-2030 Meticulous Research®, a leading global market research company, has published a report titled, ‘Inspection Robots Market 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 2030.’ This comprehensive report provides detailed insights into the rapidly expanding inspection robots market, projecting significant growth over the next decade. Download Sample Report Here: https://www.meticulousresearch.com/download- sample-report/cp_id=5513 The global inspection robots market is expected to reach a value of $4.6 billion by 2030, registering a compound annual growth rate (CAGR) of 21.6% from 2024 to 2030. In terms of volume, the market is anticipated to reach 203,000 units by 2030, with a CAGR of 22.7% over the same period. The growth in this market is primarily driven by the increasing need for infrastructure maintenance, rising labor costs for manual inspections, and the growing demand for high-quality, standard-compliant products. Additionally, the adoption of robots for inspections in sectors such as insurance and Maintenance, Repair, and Overhaul (MRO) services is expected to create substantial growth opportunities. However, integrating robots into hazardous environments and managing their high upfront and maintenance costs remain challenging aspects for market participants. The report further segments the global inspection robots market based on type, application, end- user, and geography. It also provides a detailed analysis of the key industry players and evaluates regional and country-level markets to offer a comprehensive market perspective. Among the key players profiled in the report are major global names such as ABB Ltd (Switzerland), KUKA AG (Germany), FANUC CORPORATION (Japan), Universal Robots A/S (Denmark), and DENSO CORPORATION (Japan). These companies are at the forefront of innovation in the inspection robots market, consistently driving technological advancements and efficiency improvements. In terms of type, the inspection robots market is divided into stationary and mobile robots. Stationary robots are projected to account for the largest share of the market by 2024, driven by their high efficiency, ability to reduce downtime, and advanced data analysis capabilities. Additionally, their role in improving occupational safety contributes to their growing adoption in various industries. Based on application, the market is segmented into visual inspection, ultrasonic inspection, laser scanning, thermal inspection, and several other methods. The visual inspection segment is expected to dominate the market in 2024. Visual inspection, often conducted via smart cameras mounted on robots, is widely used for identifying fractures, measuring dimensions, and evaluating coating uniformity in products. The growing demand for improved product reliability and quality, particularly in electronic components, drives the popularity of visual inspection technologies. When considering end-users, the industry segment is poised to hold the largest share of the market by 2024. This includes industries such as automotive, semiconductor & electronics, aerospace, and food & beverage. The adoption of inspection robots is increasing in these Page 1 of 2 © Meticulous Research| sales@meticulousresearch.com
Global Machine Control System Market – 2023-2030 industries due to the growing demand for high-quality products and the need for faster, more accurate quality assessments. Geographically, North America is expected to lead the inspection robots market by 2024, largely due to increasing labor costs, stringent quality requirements, and the early adoption of automation and advanced technologies in the region. The report also highlights favorable initiatives by industry players in this region as a contributing factor to market growth. To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/inspection-robots-market-5513 Key Questions Answered in the Report: • Which are the high-growth market segments in type, application, end user, and geography? • What is the historical market size for inspection robots across the globe? • What are the market forecasts and estimates for the period 2024–2030? • What are the major drivers, opportunities, and challenges in the global inspection robots market? • Who are the major players in the market, and what are their market shares? • How is the competitive landscape for the global inspection robots market? • What are the recent developments in the global inspection robots market? • What are the different strategies adopted by the major players in the market? • What are the key geographic trends, and which are the high-growth countries? • Who are the local emerging players in the global inspection robots market, and how do they compete with other players? Contact Us: Meticulous Research® Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research Page 2 of 2 © Meticulous Research| sales@meticulousresearch.com