According to IMARC Group latest report titled “Surface Vision and Inspection Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on surface vision and inspection market size. The global surface vision and inspection market reached a value of US$ 3.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 5.8 Billion by 2027, exhibiting at a CAGR of 10.26% during 2022-2027.
Surface vision and inspection represents a non-destructive method of examining topographical details and locating suspected defects on the surface of an article during the production cycle. It relies on advanced equipment, such as angled lighting and specialized cameras, for the accurate detection of defects automatically. Surface vision and inspection assists in improving the precision, efficiency, consistency, productivity, as well as quality of an item and identifying problems, thereby helping in enhancing the overall brand identity. Consequently, it finds extensive applications in several industries, including pharmaceuticals, automotive, food and beverage (F&B), etc.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
The growing consumer awareness towards the quality assurance of food items is primarily driving the surface vision and inspection market. Additionally, the widespread adoption of this method to examine and monitor medical equipment, such as ultrasound machines, stethoscopes, computerized tomography (CT) scanners, heart monitors, etc., is further catalyzing the market growth. Besides this, the escalating demand for computer-based surface inspection systems that offer higher accuracy and flexibility in performing monotonous and repetitive tasks at a faster rate is acting as another significant growth-inducing factor. Moreover, the launch of numerous favorable policies by government bodies across countries to ensure aircraft structural integrity in the aviation sector is also positively influencing the global market. Apart from this, the introduction of advanced software and powerful image processors to reduce inventory costs, increase production, limit waste, enhance profitability, etc., is anticipated to fuel the surface vision and inspection market over the forecasted period.
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Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
- Ametek Inc.
- Cognex Corporation
- Datalogic S.p.A.
- Industrial Vision Systems Ltd
- Keyence Corporation
- Matrox Electronic Systems
- Omron Corporation
- Qualitas Technologies Pvt Ltd
- QVision Systems LLP
- Shelton Machines Limited
- Teledyne Technologies Incorporated
Surface Vision and Inspection Market Segmentation:
Our report has categorized the market based on region, component type, deployment, system type and vertical.
Breakup by Component type:
- Lighting Equipment
- Frame Grabber
Breakup by Deployment:
- Traditional Surface Inspection Systems
- Robotic Cell
Breakup by System Type:
- Computer System
- Camera System
Breakup by Surface:
Breakup by Vertical:
- Electronics and Electricals
- Food and Beverages
- Postal and Logistics
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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