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Global Surface Inspection Market by Component (Camera, and Software), by Surface System (2D and 3D), by system (Computer system and Camera system), by Deployment (Traditional Surface Inspection Systems and Robotic Cell Based Surface Inspection Systems), by Vertical (Semiconductor, Automotive, Electrical & Electronics, Glass & Metal, Food & Packaging, Paper & Wood, Medical & Pharmaceuticals, Plastic & Rubber and Others), By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa); Trend Analysis, Competitive Market Share & Forecast, 2016-2026
The Global Surface Inspection Market is estimated to grow at a CAGR of 7.26% during the forecast period 2019-2026. As per the analysis, the Global Surface Inspection Market was valued $3.32 billion in the year 2019 and estimated to reach $5.39 billion by the end of the year 2026.
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The major factors that are driving the market growth are rapid technological advancements, increasing demand for automation and quality assurance, increasing wages in various countries, and advancements in vision technology and industrial expansion. Increasing quality requirements and customer expectations, manufacturers are implementing this technology into different applications. Advanced technologies such as machine vision (MV) that enable manufacturers to optimize efficiency of production facility, by offering automatic equipment for inspection. MV solution is highly adopted by manufacturers as it assures the most reliable analysis results, a high level of customer satisfaction, high efficiency and superior quality control. Moreover, the increasing labor costs is also influencing the manufacturers to adopt surface inspection techniques.
A surface inspection technology is utilized for visualization and inspection of defects on the machined or ground components. Inspecting objects for texture, roughness, wear, cracks, scratches and checking surfaces for proper finish. Surface inspection detect and examines the absence or presence of required features in the final product.
Market Insights
Significant Technological Improvements drives the market growth
Advanced technology in inspection systems helps to take advantage of machine vision cameras for data collection and computer software for data analysis. The camera captures images and sends them to the computer for processing. The computer then examines and analyzes the images and makes decisions as to whether the image has passed or failed the inspection.
Lack of skilled individuals for proper inspection in various industries act as a major market restraint
Due to the presence of lack of skilled individuals for proper inspection in various industries due to the upgradation of new technologies in the market is the major restraint in the market for the surface inspection market.
Segmentation Overview of the Global Surface Inspection Market
On the basis of Component Segment, the global surface inspection market is segmented into:
On the basis of Component Segment, the global surface inspection market is segmented into:
On the basis of System Segment, the global surface inspection market is segmented into:
On the basis of Deployment Type, the global surface inspection market is segmented into:
On the basis of Vertical Segment, the global surface inspection market is segmented into:
Geographical Overview of the Global Surface Inspection Market
On the basis of regional analysis, the global surface inspection market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
Asia Pacific surface inspection industry is expected to witness considerable growth with a CAGR over the forecast period. The regional growth is due to easy availability of cheap labor, lenient emission & safety measures, and government initiatives related to Foreign Direct Investments (FDIs). Also, the regional growth is supported due to several factors such as new factory automation, the rising level of manufacturing activities, growing investments in assembly line automation and production mainly in China, India, Japan, and South Korea. Increasing focus on attaining operational efficiency and product quality is also contributing to regional growth.
Key Players Insights
The companies included in the research study of the global Surface Inspection Market are Panasonic Corporation, Teledyne Technologies, Ametek, ISRA Vision, Omron Corporation, Matrox Imaging, Industrial Vision Systems Ltd., Edmund Optics Inc., Adept Technology, Inc., Vitronic GmbH, Microscan Systems Inc., ETS SuperVision BV, Cognex Corporation, Baumer Inspection and Other Prominent Players.
Recent Development
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