Inspection Camera System Market Size, Share & Trends Analysis Report By Component (Hardware, Services), By Video Quality (SD/HD, Full HD/4K), By Distribution Channel, By Application, By End-use, And Segment Forecasts, 2022 - 2030

Report Overview

The global inspection camera system market size was estimated at USD 297.3 million in 2021 and is expected to grow at a compound annual growth rate (CAGR) of around 10.7% from 2022 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 are used to measure physical parameters, such as resistance, frequency, voltage, and current.

Manufacturers are focused on introducing new products with enhanced capabilities and improvement as per the changing requirement 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 to 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 component segment accounted for the largest share of around 63.0% in 2021 as the advancement of hardware systems in the market over the past years has provided convenience for inspection procedures in confined spaces by end-users. 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 services segment, on the other hand, is projected to register the fastest growth rate during the forecast period. The innovation and development of inspection camera system technology 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 Standard Definition & High Definition (SD & HD) segment dominated the industry in 2021. The segment accounted for the largest share of more than 60.20% of the overall revenue due to the high product demand and manufacturers’ focus on developing the cameras for inspection of 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, on the other hand, is estimated to register the fastest growth rate during 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, 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

On the basis of applications, the industry has been further categorized into pipeline inspection, drain inspection, tank, medical inspection, and others. The pipeline inspection application segment dominated the global industry in 2021 and accounted for the largest share of more than 36.80% of the overall revenue, 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. This, 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

On the basis of applications, the industry has been further categorized into online and in-store. The online distribution channel segment is expected to register the fastest growth rate of more than 11.5% during 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.

The in-store distribution channel segment dominated the global industry in 2021 and will remain dominant throughout the forecast years. Consumers’ preferences for offline purchases are due to their recreational experience in an offline store. Many things are considered by the buyers 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.

End-use Insights

On the basis of end-uses, the global industry has been further categorized into industrial, commercial, municipal, and others. 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 at the fastest CAGR of more than 11.00% during the forecast period. 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 accounted for the second-largest share of the total revenue in the year 2021. 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, leak, and cracks.

Regional Insights

North America was the largest region in 2021 and accounted for the maximum share of more than 33.70% of the overall revenue. The region’s growth is supported by the expansion of the industrial hub. 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, on the other hand, is projected to be the fastest-growing regional market from 2022 to 203.0 Europe is also expected to register a significant growth rate during the forecast period. This growth can be attributed to the requirement for inspection in natural gas pipeline projects across European countries. The examination of underwater pipelines for maintenance and repair is inspected by this camera system, as the pipelines are not accessible by humans due to higher water pressure and other lethal factors.

Key Companies & Market Share Insights

Key players are focusing on introducing new technology and innovative products and services, which will help them gain more customers and boost their sales & revenue. Manufacturers/companies are expanding their reach by collaborating with local players. For instance, Omron Corp. announced the launch of its B series GigE Vision cameras, providing ease of integration and flexibility for applications requiring a small form factor. Some of the prominent key players in the global inspection camera system market include:

By Hardware Providers:

• Basler AG

• Leica Microsystems (Danaher Corp.)

• Clarcus Medical LLC

• Eddyfi Technologies

• Minicam Group (Halma plc)

• Ipek International Gmbh (IDEX Corp.)

• NDT Technologies (P) Ltd.

• CUES Inc.

• OMNIVISION

• I.C. LERCHER Solutions GmbH

By Service Providers:

• Canon Inc.

• Omron Corp.

• Pleora Technologies Inc.

• eInfochips

• Kintronics Inc.

• Pro-Vigil

• CameraFTP

• Camcloud

• Exacq Technologies (Johnson Control)

• Stealth Monitoring

Inspection Camera System Market Report Scope

Global Inspection Camera System Market 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 global inspection camera system market report based on component, video quality, application, distribution channel, end-use, and region:

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

  • Hardware

  • Services

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

  • SD & HD

  • Full HD & 4K

• Application Outlook (Volume, Thousand Units; Revenue, USD Million, 2018 – 2030v)

  • Pipeline Inspection

  • Drain Inspection

  • Tank

  • Medical Inspection

  • Others

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

  • Online

  • In-Store

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

  • Industrial

  • Commercial

  • Municipal

  • Others

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

  • North America

    • U.S.

    • Canada

  • Europe

    • U.K.

    • Germany

    • Italy

    • France

    • Spain

  • Asia Pacific

    • China

    • India

    • Japan

    • South Korea

  • Latin America

    • Brazil

    • Mexico

  • Middle East and Africa