Inspection Camera System Market Size, Share & Trends Analysis Report By Component (Hardware, Services), By Video Quality, By Distribution Channel, By Application, By End-use, By Region, And Segment Forecasts, 2023 - 2030

Inspection Camera System Market Trends

The global inspection camera system market size was valued at USD 324.2 million in 2022 and is anticipated to grow at a CAGR of 10.8% from 2023 to 2030. The increment in the usage of the inspection camera system in municipal corporations to prevent the blockage of drainage and sewer systems is the key factor driving the market growth during the forecast period. The demand for inspection and obtaining a full view of the inner workings of the varied machinery at various inspection facilities are raising the market endorsement. As inspection camera systems are employed as surveillance products in the industrial and commercial industries, they measure physical parameters such as resistance, frequency, voltage, and current.

Manufacturers are focused on introducing new products with enhanced capabilities and improvement per the changing requirements depending on their usage of the desired technology. Companies’ target is to provide innovative software platforms combined with cloud computing to gain an advantage with AI and machine learning technologies. The demand for 3D inspection systems offering attractive prospects in the industry is high, as the traditional techniques offer only 2D measurement and examination. As inspection cameras provide non-invasive inspections, which become the main benefit of use in the plumbing industry, they allow an in-depth look at the pipeline and sewers without dismantling the overall infrastructure. The sensing element in non-invasive inspection does not require physical contact, but it may have to be installed within a machine system.

Component Insights

The hardware segment accounted for the largest revenue share of 63.0% in 2022. The advancement of hardware systems in the market over the past years has provided end-users convenience for inspection procedures in confined spaces. The segment is projected to expand further at a steady growth rate, maintaining its dominant position during the forecast period. The rugged nature of the camera delivers imaging in a complex environment. Moreover, the advancement of the camera lens & display units has provided better video quality and toughened & waterproof wires & cables provide reach in wet & high-pressure zones.

The service segment is expected to grow at the fastest CAGR of 11.9% during the forecast period. The innovation and development of inspection camera system technology are also associated with training and development services provided by the players & aftermarket support. The manufacturers are expanding their portfolio to cater to the rising demand.

Video Quality Insights

The SD & HD segment accounted for the largest revenue share of 59.9% in 2022 due to the high product demand and manufacturers’ focus on developing cameras to inspect various applications, such as pipeline inspection, drain inspection, and medical inspection. As there is an increase in the demand for inspection cameras and advancements in video & image quality output, manufacturers are also developing cameras that will offer better insights into confined spaces.

The full HD & 4K segment is estimated to register the fastest CAGR of 11.8% over the forecast period as the investments by key players in the inspection camera system are increasing for advancing the video quality to higher resolutions. For instance, the Visera 4K UHD medical camera inspection solution for general surgeries provides doctors and health examiners with UHD imaging and suitable colors for clinical discipline, among others. The higher output quality helps examiners to identify the leaks, cracks, corrosions, etc., with precisions.

Application Insights

The pipeline inspection segment held the largest revenue share of 37.0% in 2022 and is expected to grow at the fastest CAGR of 11.2% over the forecast period. Depending on applications in the pipeline, ranging from the transportation of water, deployment of wires & cables to the transport of oil & gas, the demand for an inspection camera system for leakage protection, management of unwanted corrosion, detection of unwanted cracks, and many more increases.

At the various levels of the supply chain, such as procurement, manufacturing, construction, deployment, and operational phases, the need for pipe inspection drives market demand. Rapid urbanization growth and construction of smart cities, townships, and commercial & industrial require the installation of pipelines for drainage systems. It, in turn, is also estimated to drive product demand during the forecast period. For instance, IPLEX GAir, an inspection camera system by Olympus Corporation, provides a wide range of capabilities, such as remote-control monitoring and maneuvers, bright illumination for precise video inspection, and so on.

Distribution Channel Insights

The in-store segment accounted for the largest revenue share of around 61.2% in 2022. Consumers’ preferences for offline purchases are due to their recreational experience in an offline store. Buyers consider many things for switching their preferences from traditional in-store purchases to online purchases, as it may require more time. Also, the primary reason for the higher growth of in-store distribution channels is the ease of post-sale service provided by service centers that surpass the online retailers and distributors.

The online segment is estimated to register the fastest CAGR of 11.8% over the forecast period. The increasing adoption of online sales among the end-users drives the growth of this segment. Distribution through online channels gives the buyers numerous options and bargaining power, as they may choose from different applications, portals, and online retailers, such as Amazon and Indiamart, based on the best price available for the application and usage.

End-use Insights

The municipal segment accounted for the largest revenue share of 39.4% in 2022 and is expected to grow at the fastest CAGR of 11.2% over the forecast period. The municipal corporation of the city has a significant usage of the inspection camera system as they have to deal with the water supply, drainage, sewer, electricity cables, etc., requiring precision inspection, which will drive the segment. As for the drain inspection, this camera is equipped with a centering brush, which prevents the camera head from going on the bottom of the pipe, which causes damage to the camera.

The industrial end-use segment is expected to grow significantly over the forecast period. An inspection camera enables precise monitoring of small and complex components of industrial equipment, such as cables, pipes, and more. The industrial sector covers oil & gas refineries, water plants, and some significant industries requiring periodic checks and corrosion maintenance, leaks, and cracks.

Regional Insights

North America dominated the global inspection camera system market and accounted for the largest revenue share of 33.3% in 2022. The expansion of the industrial hub supports the region’s growth. Increasing demand for advanced video inspection equipment supporting industrial and municipal development in the area boosts the need for inspection camera systems. There are various regulations implemented by the U.S. Department of Transportation’s Pipeline and Hazardous Materials Safety Administration regarding pipeline operators, ranging from safety standards to leak prevention and replacement of old equipment.

Asia Pacific is expected to grow at the fastest CAGR of 13.3% during the forecast period. This growth can be attributed to the requirement for inspection in natural gas pipeline projects across Asian countries. This camera system inspects the examination of underwater pipelines for maintenance and repair, as the pipelines are not accessible by humans due to higher water pressure and other lethal factors.

Key Companies & Market Share Insights

The industry players are undertaking strategies such as product launches, acquisitions, and collaborations to increase their global reach. For instance, in June 2021, Nanopass Technologies announced that its MicronJet, a microneedle-based technology for intradermal drug delivery, has received FDA clearance and CE marking. The device is designed for intradermal injections of any substance or medication approved for this method of administration.

Recent Developments

• In June 2023, RICOH Industrial Solutions Inc. unveiled the RICOH SC-20, a work inspection camera that leverages image recognition technology to provide real-time verification of accurate manual work processes. Serving as the successor to the RICOH SC-10A, this intelligent camera is designed to prevent work errors by autonomously monitoring the status of manufacturing operations, particularly during part assembly and component handling.

• In May 2023, Hitachi, Ltd. unveiled Lumada Inspection Insights, a comprehensive suite of digital solutions designed to facilitate the inspection, monitoring, and optimization of vital assets. Developed jointly by Hitachi Energy and Hitachi Vantara, Lumada Inspection Insights empowers customers with automated asset inspection capabilities, enabling them to enhance sustainability initiatives, bolster physical security measures, and mitigate risks associated with natural disasters such as storms or fires.

• In March 2023, ACIC introduced its revolutionary robotic visual inspection machine tailored for Ready-To-Use (RT) containers. This cutting-edge system incorporates advanced camera technology and Artificial Intelligence (AI) to conduct highly accurate inspections for particulate matter and cosmetic defects. Boasting a fully automatic format changeover and a versatile, compact design, the machine exhibits seamless adaptability to a diverse range of containers.

• In October 2022, Omnivision unveiled the OS05B CMOS image sensor, a cutting-edge 5-megapixel (MP) design that incorporates quantum efficiency (QE) and top-tier pixel technology. This sensor is specifically targeted towards professional and high-end consumer security cameras, catering to a range of applications such as industrial and factory webcams, surveillance systems, and high-quality baby monitors.

• In March 2022, Omron Corp. introduced the B series of GigE Vision cameras, designed to offer seamless integration and adaptability for compact form factor applications. These cameras are specifically tailored to provide flexibility and ease of integration for applications that demand a small form-factor. With this latest release, integrators and vision system designers gain significant design freedom when constructing machines, enabling them to enhance their projects with efficient and versatile camera solutions.

• In November 2020, Smartex, a San Francisco-based company, introduced Smartex-V1, a groundbreaking solution that offers automated and insightful productivity and quality reports. Additionally, Smartex-V1 enables real-time production monitoring through internet connectivity and ensures complete transparency and traceability by registering and storing 100% of production data.

Inspection Camera System Market Report Scope

Global Inspection Camera System Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For the purpose of this study, Grand View Research has segmented the globalinspection camera system market on the basis of component, video quality, application, distribution channel, end-use, and region:

• Component Outlook (Volume in Thousand Units; Revenue in USD Million, 2018 - 2030)

  • Hardware

  • Services

• Video Quality Outlook (Volume in Thousand Units; Revenue in USD Million, 2018 - 2030)

  • SD & HD

  • Full HD & 4K

• Distribution Channel Quality Outlook (Volume in Thousand Units; Revenue in USD Million, 2018 - 2030)

  • Online

  • In-Store

• Application Outlook (Volume in Thousand Units; Revenue in USD Million, 2018 - 2030)

  • Pipeline inspection

  • Drain inspection

  • Tank

  • Medical inspection

  • Others

• End-use Outlook (Volume in Thousand Units; Revenue in USD Million, 2018 - 2030)

  • Industrial

  • Commercial

  • Municipal

  • Others

• Regional Outlook (Volume in Thousand Units; Revenue in USD Million, 2018 - 2030)

  • North America

    • U.S.

    • Canada

  • Europe

    • UK

    • Germany

    • France

  • Asia Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

  • Latin America

    • Brazil

    • Mexico

  • Middle East and Africa

    • Saudi Arabia

    • South Africa

    • UAE