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Crawler Camera System Market size is estimated to grow by USD 3,272.58 million between 2022 and 2027 accelerating at a CAGR of 16.06% during the forecast period. The growth of the market depends on several factors, including increasing urbanization, the advantages of robotic inspection over manual inspection, and growing government rules and regulations.
This crawler camera system market report extensively covers market segmentation by end-user (municipal, residential, and industrial), application (pipeline inspection, drain inspection, and tank and cavity inspection), and geography (North America, APAC, Europe, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Increasing urbanization is notably driving the crawler camera system market growth. Urbanization is increasing all over the world due to the growing world population, rising living standards, and the availability of better facilities and infrastructure. According to the World Bank, the population in the urban area has increased from 51.66% in 2010 to 56% in 2021. By 2050, more than two-thirds of the world's population is expected to live in urban areas. This urban population growth is driven by emerging economies such as China, India, and Nigeria due to their rapid economic development.
As the urban population grows, the need for basic facilities such as housing infrastructure increases. Increasing urbanization, therefore, leads to an increase in the amount of municipal solid waste (MSW) generated. Global annual solid waste generation is projected to increase by more than two-thirds by 2050 compared to 2016. With the increase in household waste, the demand for pipe inspection by robots is expected to increase. This is likely to boost the demand for crawler camera systems for inspection, which is expected to drive the growth of the market during the forecast period.
Technological advancement in crawler cameras is a key trend influencing the crawler camera system market growth. Vendors operating in the market are integrating machine learning and AI into process automation to improve quality levels, minimize process downtime, and maximize business productivity. Such developments are anticipated to drive the growth of the market during the forecast period. The use of AI and IoT in robotic inspection has given rise to advanced visual inspection, acoustic inspection, and essential repair solutions. Combining AI and IoT will act as the robot's eyes, allowing visual inspection to uncover bugs and issues. For example, the integration of AI and IoT will enable sensors in inspection robots to detect changes in noise, vibration, or harshness (NVH). This provides acoustic insights that may not be available without traditional inspection robots.
AI-enabled inspection robots can help in doing failure analysis by providing real-time product status data. This also leads to opportunities to adopt advanced repair management systems through forecasting. Therefore, the integration of IoT and AI in robotic inspection is expected to drive the growth of the market during the forecast period.
The vulnerability of the crawler cameras to getting damaged is challenging the crawler camera system market growth. The structure of crawler inspection camera systems is fragile and susceptible to damage from abuse. Inexpensive cameras are usually made of plastic, and frequent use can easily damage the camera. The camera adopts a bulky design to protect it from impacts and protect the built-in chip from water. Its bulk hinders usability and minimizes controls.
In addition, the bulky design does not attract the attention of customers. This is a big challenge for the market as camera design is one of the most important purchasing criteria for end users. Such factors are expected to hinder the growth of the market during the forecast period.
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Crawler Camera System Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Deep Trekker Inc: The company provides underwater remotely operated vehicles and robots. It also offers different crawler camera system solutions.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth by the municipal segment will be significant during the forecast period. Municipal sectors are growing rapidly due to increasing urbanization. According to the World Bank, the world's urban population increased from 51.66% in 2010 to 56.15% in 2020. By 2050, more than two-thirds of the global population is expected to live in urban areas. Increased urbanization has led to a significant increase in human activity, resulting in increased generation of municipal solid waste (MSW). Growing municipal waste and increasing urbanization are creating a huge demand for smart waste management. This has increased the demand for crawler camera systems.
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The municipal segment was valued at USD 1,053.47 million in 2017 and continued to grow until 2021. The increasing adoption of digital technologies such as artificial intelligence, robotics, and the Internet of Things (IoT) is creating new opportunities for the growth of crawler camera systems in this segment. Government agencies around the world have implemented regulations to avoid manual inspection of sewers and plumbing. All these factors are expected to drive the growth of the municipal segment, which, in turn, is expected to drive the growth of the market during the forecast period.
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North America is estimated to contribute 30% to the growth of the global crawler camera system market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
In North America, the United States is the largest contributor to revenue generation of the market. This is because the country is home to many industries that have incorporated process automation systems into their workplaces. Common industries that use crawler camera systems on industrial pipes include petrochemicals, oil and gas, industrial products, food and beverages, automotive, healthcare, and electrical and electronics. Industries operating in the United States are increasingly adopting process automation techniques and systems due to the growing demand for industrial robots, including inspection robots. Canada and Mexico are also adopting process automation and are shipping more industrial robots. All these developments are expected to drive the growth of the market in this region during the forecast period.
In 2020, COVID-19 adversely affected globally. This also negatively impacted the crawler camera system market. Rising numbers of COVID-19 cases led to a decline in robotic testing production operations, leading to supply chain disruptions in 2020. However, with the start of a massive COVID-19 vaccination campaign and government incentives, the lifting of the lockdown in 2021 allowed production operations to resume. Growth in residential construction, oil & gas, and other end-use industries has boosted the growth of the market during the forecast period.
The crawler camera system market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Technavio categorizes the global crawler camera system market as part of the global electronic equipment and instruments market within the overall electronics market. The parent global electronics market includes manufacturers of communications equipment, technical hardware storage and peripherals, electronic devices and equipment, electronic components, consumer and industrial electronics, and electronic manufacturing services. The global electronic equipment and instruments market is expected to grow at a moderate pace. Technavio calculates the global electronic equipment and instruments market by taking into account related information, communication, and technology, as well as the revenue generated from the sale of electronic products, devices, and components.
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Crawler Camera System Market Scope |
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Report Coverage |
Details |
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Page number |
148 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 16.06% |
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Market growth 2023-2027 |
USD 3272.58 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
15.75 |
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Regional analysis |
North America, APAC, Europe, Middle East and Africa, and South America |
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Performing market contribution |
North America at 30% |
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Key countries |
US, China, India, Russia, and UK |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
AM Industrial Ltd., Deep Trekker Inc., Eddyfi NDT Inc., Envirosight LLC, Halma Plc, IDEX Corp., Insight Vision, INSPECTOR SYSTEMS GmbH, Kummert GmbH, Medical Intubation Technology Corp., Pro Engineers, Ratech Electronics Ltd., Rausch GmbH, RIEZLER Inspektionssysteme GmbH and Co. KG, Scanprobe Techniques Ltd., Shenzhen SROD Industrial Group Co. Ltd., Spectis Robotics Ltd., SPX Corp., The Toro Co., and Toradex AG |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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