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The conveyor monitoring market is expected to reach USD 254 million by 2024 from USD 215 million in 2019; it is expected to record a CAGR of 3.5%.

Conveyor system market is driven by the growing need of automation in various industrial segments; increasing towards cost effective material handling

Inspection robotics is used to inspect and document equipment such as refrigeration trucks, conveyor belts, compressors, ovens, pumps, outboards, boat engines, parts, ships, and airplanes. Launch of fully autonomous 3D mobile scanning integration technologies is expected to propel growth of the global inspection robotics market. For instance, in August 2020, FARO Technologies, Inc. launched FARO Trek, a fully autonomous 3D mobile scanning integration built in collaboration with the Massachusetts-based robotics firm Boston Dynamics. Launch of software for portable and fixed measuring devices is expected to offer lucrative growth opportunities for players in the global inspection robotics market. For instance, in September 2018, Verisurf Software, a measurement solutions company, presented its latest metrology software, Verisurf 2019, a measurement software for automated quality inspection and reporting, scanning and reverse engineering, tool building and assembly guidance, at IMTS show in Chicago, U.S. Moreover, increasing funding in inspection robotics is also expected to aid in growth of the market. For instance, in 2019, Gecko Robotics, an industrial robotics startup, raised US$ 40 million in a series B round of funding. Similarly, in 2019, Invert Robotics, a spinout from the University of Canterbury's School of Engineering, New Zealand, raised US$ 8.8 million. Among regions, North America is expected to witness significant growth in the inspection robotics market, owing to increasing adoption of inspection robots in the military and defense sector. For instance, in 2019, Sarcos Robotics partnered with Puget Sound Naval Shipyard & Intermediate Maintenance Facility, U.S., to evaluate and deploy robotic technologies, including full-body, powered exoskeletons and man-portable inspection robots, for use in naval shipyards. Read more @ https://sachinbhombe.blogspot.com/2021/03/launch-of-fully-autonomous-3d-mobile.html