With 14.5% CAGR, Crawler Camera System Market Growth to Surpass USD 353 million

Posted by edwardzmusso on October 28th, 2022

The major drivers for the market’s growth are the rising demand from residential and municipal applications, increasing government mandates and regulations for pipeline assessment, growing demand for advanced inspection systems for underwater operations, and growing demand for sewer inspection. The introduction of magnetic crawlers will create growth opportunities for crawler camera system manufacturers.

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Based on component, hardware to hold largest share of crawler camera system market

The hardware components in crawler camera systems carry out various functions such as drain inspection; pipeline inspection; and tank, void, and cavity/conduit inspection. This segment is further subsegmented into cameras, crawlers, cable drums, control units, and others. The growth of the hardware segment is driven by the increased investments in the modernization of infrastructure and the use of crawler cameras for inspection purposes in various sectors. This segment is expected to witness further modifications, innovations, and advancements, as several leading manufacturers are incorporating value-added components into their existing products. For example, Cues Inc. (US) introduced new carbide-toothed wheels in April 2018 that increases traction in both PVC and clay pipes. In February 2017, Rausch Electronics (US) launched the Pure View SD camera that can be connected to the L 135 crawler platform and record the entire pipe interior at 30 fps in a single continuous run.

Municipal vertical to be largest shareholder of crawler camera system in coming years

Crawler camera systems are used in the municipal vertical for inspection purposes due to their light weight, portability, robustness, and reliability. Increasing demand for remote-operated inspection systems is driving the growth of the crawler camera system market. Numerous municipalities are using crawler camera systems to enhance security and control the error percentage during inspections. This is projected to propel the crawler camera system market for the municipal vertical during the forecast period.

North America to account for largest size of crawler camera system market in 2020

In North America, crawler camera systems are majorly used for pipeline inspection, drain and sewer inspection, and tank and cavity inspection. Pipelines are the primary mode of transportation for crude oil, petroleum products, and natural gas in both Canada and the US. In the US, approximately 70% of crude oil and petroleum products are shipped through pipelines; in Canada, approximately 97% of natural gas and petroleum products are shipped through pipelines. The focus of oil & gas companies, government bodies, and environmental agencies is on preventing oil spills, gas leaks, and other disasters because of the increase in the number of pipelines across the North American countries. This is compelling oil & gas companies to use crawler camera systems for pipeline inspection. The US Department of Homeland Security (DHS) has set special regulations on pipelines due to their vulnerability to physical threats. The US Transportation Security Administration (TSA), along with the US Department of Energy (DOE), the Department of Transportation (DOT), and the DHS, frames policies and protection strategies for securing and monitoring pipeline infrastructure.

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CUES (US), Deep Trekker (Canada), Eddyfi (Canada), Mini-Cam (UK), iPEK International (Germany), ULC Robotics (US), Ratech Electronics (Canada), Envirosight (US), Rausch Electronics USA (US), Insight | Vision (US), RIEZLER (Germany), NDT Technologies (P) Limited (India), Scanprobe (UK), Subsite Electronics (US), and AM Industrial Group (UK) are a few major players in the crawler camera system market.

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edwardzmusso
Joined: February 8th, 2021
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