NEW YORK, Oct. 17, 2023 /PRNewswire/ -- The "crawler camera system market 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) - Forecast and Analysis 2023-2027" report has been added to technavio offering. With ISO 9001:2015 certification, Technavio has proudly partnered with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the crawler camera system market from 2022 to 2027 is USD 3.27 billion. Get deeper insights into the market size, current market scenario, future growth opportunities, major growth driving factors, the latest trends, and much more. Buy the full report here
Increasing urbanization is a key factor driving market growth. Urbanization is increasing worldwide due to the growing global population, rising standards of living, and the availability of better facilities and infrastructure. As the urban population increases, the need for basic amenities such as housing infrastructure also increases. With the increase in household waste, the need for robotic pipe inspection is expected to increase. Hence, these factors are expected to drive market growth during the forecast period.
Market Challenge
The vulnerability of the crawler cameras to getting damaged is a significant challenge restricting market growth. If exploited, the structure of a monitored inspection camera system can be easily broken down. Often inexpensive cameras are plastic and if used frequently, a camera could easily be damaged. Furthermore, customers are not attracted to the bulky design. Hence, these factors are expected to restrict market growth during the forecast period.
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The crawler camera system market is segmented 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).
- The market share growth by the municipal segment will be significant during the forecast period. The increase in urbanization has resulted in a significant rise in the number of people working, leading to an increased production of municipal solid waste. Furthermore, new opportunities for the development of tracked camera systems arise as digital technologies such as AI, robotics, and the Internet of Things become more widespread. Hence, these factors are expected to drive segment growth during the forecast period.
- North America is estimated to contribute 30% to the growth of the global market during the forecast period.
View the Free Sample Report for insights into the contribution of all the segments and regional opportunities in the report.
Key Companies in the Crawler Camera System market:
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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Executive Summary
Market Landscape
Market Sizing
Historic Market Sizes
Five Forces Analysis
Market Segmentation by End-user
Market Segmentation by Application
Market Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix
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