Allied Market Research

2024

Video Inspection Systems Market

Video Inspection Systems Market Size, Share, Competitive Landscape and Trend Analysis Report by Components, by Applications and by End-Use : Global Opportunity Analysis and Industry Forecast, 2023-2032

SE : Electronic Security

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Author's: | Sonia Mutreja
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Video inspection systems is an inspection system designed for inspecting blockage, clogs, in sewer or pipe. Video inspection system consists of equipment camera, recorder, and transporters for providing inspection result. These inspection systems provide real time data to the technician with the HD camera.  The robustness, lightweight, reliability, portability properties of the video inspection system make it durable for market.

The major manufacturing companies of video inspection systems market size focus on increasing awareness about the new products, which are more user-friendly .This development will help the video inspection systems to penetrate more in the market. The video inspection systems find their applications in diverse sectors such as oil & gas, manufacturing & construction, food & beverages, chemicals & pharmaceuticals, and other end users.

"The Global Video Inspection Systems market is segmented on the basis of Components, Applications and End-Use. Based on Components, the market is divided into Inspection Cameras, Transporters, Monitors & Recorders, Software, and Other Component. In terms of application, the market is categorized into Drain & Sewer, Electrical Conduit & Duct, Pipeline. On the basis of end users the market is divided into Oil & Gas, Manufacturing & Construction, Food & Beverages, Chemicals & Pharmaceuticals. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).

Key players operating in the global Video Inspection Systems industry include , IBAK Helmut Hunger GmbH & Co. KG, MyTana LLC, and Techcorr. These companies have adopted several strategies such as product launches, partnerships, collaborations, mergers & acquisitions, and joint ventures to strengthen their foothold in the global Video Inspection Systems market."

COVID-19 Scenario Analysis: 

The outbreak of the COVID-19 pandemic has severely affected the business of almost all industries. While the COVID-19 pandemic crisis unfolds, regulatory bodies all over the world compel to impose strict lockdown and travel bans. Moreover, this has drastically affected the growth of the video inspection systems market.

Due to the COVID-19 pandemic, the supply chain systems were disrupted as a number of fundamental equipment and materials are profoundly dependent on imports from other countries. Furthermore, the strict instruction of the governing bodies to follow social distancing norms forced the industries to work with minimal workforce, which led to the decrease in the production rate of the industries. Thus, all these factors negatively impacted  the video inspection systems market. 

However, after the COVID-19 pandemic, the diversified and innovative applications of video inspection systems such as oil & gas, manufacturing & construction, food & beverages, chemicals & pharmaceuticals, and other end users foster the growth of the video inspection systems market.

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

The major factors that impacts the demand for the video inspection systems includes emerging demand for video inspection systems in oil& gas industry, increase in the use of video inspection systems in pipeline inspection in oil & gas industry surge the demand for video inspection systems in the market.

 The video inspection system in major sectors such as residential, commercial, and  industrial provide video inspection equipment such as camera and recorders are used to inspect clogs, blockage in pipeline, quality of land, and other.  Hence, the need for the video inspection systems in the residential and commercial sector drive the demand for video inspection equipment in the market.

Manufacturer focus on technological advancement such AI , and deep learning in order to improve security and government initiative towards development of smart cities, all these factors surge the demand for video inspection systems in market.

However, lack of awareness about video inspection systems and need for skilled technician restraint the market growth for video inspection systems in the market.

The Video Inspection Systems Market trends are as follows:

Surge In Usage In Growing Construction And Manufacturing Projects: 

Urbanization in the developing country led to rise in manufacturing and construction projects, which require accurate inspection of places, and clogs, blockage in drainage services. Video inspection system with the help of its tools such as recorder, camera, and transporters used to resolve complex task for municipal engineers by providing underground survey of drainage system. Video inspection system because of its robustness, lightweight also contribute in oil and gas pipeline construction in order to check leakage of oil and gas. Thus, the need for video inspection system in construction and manufacturing projects surge the demand for video inspection system in the market.

Rapid Rise in The Technological Advancement:

Major manufacturers focus on launching new products, which contain improved capabilities and surge the varying demand based on the utilization of the technology. Manufacturer have been determined to enhance functionality in the video inspection system by using advance technology such as AI, big data, and deep learning which provide more accurate results. Thus, increase in demand for advance technology provide the demand for video inspection system in the market.

Key Benefits of The Report:

  • This study presents the analytical depiction of the video inspection systems market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the video inspection systems market share.
  • The current market is quantitatively analyzed to highlight the video inspection systems market growth scenario.
  • Porter’s Five Forces Analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed video inspection systems market analysis based on competitive intensity and the competition that will take shape in coming years. 

Questions Answered in The Video Inspection Systems Market Research Report:

  • Who are the leading market players active in the video inspection systems market?
  • What are the current trends that  will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What are the future projections that would help in taking further strategic steps?

Video Inspection Systems Market Report Highlights

Aspects Details
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By Components
  • Inspection Cameras
  • Transporters, Monitors & Recorders
  • Software
  • Other Component.
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By Applications
  • Drain & Sewer
  • Electrical Conduit & Duct
  • Pipeline
  • Other Applications
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By End-Use
  • Oil & Gas
  • Manufacturing & Construction
  • Food & Beverages
  • Chemicals & Pharmaceuticals
  • Other End Users
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (UK, Germany, France, Spain, Italy, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, Australia, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
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Key Market Players

Infraspection Institute, Sysmex Inostics, VisioWave, DEPStor, Safex, Olympus, Optilia Instruments, JW Fishers, Industrial Video & Control, EXFO

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Video Inspection Systems Market

Global Opportunity Analysis and Industry Forecast, 2023-2032