LONDON--(BUSINESS WIRE)--The global crawler camera system market is expected to post a CAGR of more than 16% during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample report
Portable crawler cameras find many applications in industrial, manufacturing, petrochemical, and residential sectors. They can reach many inaccessible areas such as sewers, restricted pipes, large offsets, flood drains, and protruding pipe taps. Over recent years, portable crawler cameras have increasingly become popular among end-users since they facilitate faster inspections. Moreover, they are equipped with a battery power pack and can be operated using a remote control. These factors are increasing their adoption which is driving the growth of the market.
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As per Technavio, the growing popularity of submersible and magnetic crawler camera systems will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.
Global Crawler Camera System Market: Growing Popularity of Submersible and Magnetic Crawler Camera System
The growing demand for advanced inspection systems for underwater operations is prompting many vendors to introduce submersible camera systems. These machines can work underwater and live stream videos. Similarly, end-users such as nuclear power plant operators are exhibiting strong demand for efficient crawler camera systems to inspect nuclear reactor vessels. This has led to the introduction of magnetic crawler camera systems that can be used on ferrous metal surfaces. The advent of such crawler camera systems is expected to positively impact the growth of the market.
“Continuous development of new products and technological advances in crawler camera systems will further boost market growth during the forecast period”, says a senior analyst at Technavio.
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Global Crawler Camera System Market: Segmentation Analysis
This market report segments the global crawler camera system market by end-user (municipal and residential, and industrial) and geography (APAC, Europe, MEA, North America, and South America).
The North American region led the market in 2018, followed by APAC, Europe, MEA, and South America respectively. During the forecast period, the North American region is expected to maintain its dominance over the market. This is due to the increase in pipeline construction projects in the region.
Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
Five Forces Analysis
- Geographic comparison
- Key leading countries
- Landscape disruption
- Competitive scenario
- Vendors covered
- Vendor classification
- Market positioning of vendors
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