What Are the Factors Driving the Surface Vision and Inspection Market Trends By 2025? | Dept Technology, Inc., Allied Vision Technologies Gmbh, ISRA Vision AG, AMETEK
The electronics & electrical industry holds the major share in the surface vision and inspection market due to excessive usage of inspection systems in chip fabrication. Silicon wafers, embedded System on Chip (SoC), Integrated Circuits (IC), and processors increasingly make use of surface vision and inspection tools for faster and precise inspection. The automobile sector is expected to have the highest growth as increased complexity of assembly lines and its massive scale of production volume drive the use of surface vision and inspection tools.
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The surface vision and inspection market is segmented into components that include cameras, optics, lighting equipment, frame grabber, and hardware & software. Cameras will hold the majority of the segment as the images produced are accurate, sharper, and require less processing resources. The hardware & software segment is expected to have the highest growth due to increased demand for better image processing software and advanced prescriptive analytics solutions.
North America held a significant surface vision and inspection market share in 2018 and is estimated to dominate the market over the forecast timeline. The rapid adoption of surface vision systems by Canada’s automotive industry to eliminate human inspection has contributed to market growth. The Canadian automotive industry aims at replacing 50% of human-based surface inspections by 2025 and nearly 95% by 2030. The presence of global market leaders Ametek (U.S.) and Creoform (Canada) in this region has also enabled SaaS-based offerings where enterprises can have their products inspected online without any infrastructure, requiring a camera and lighting solutions on their end.
The prominent market players present in the market are focusing on strategic alliances and geographical expansion to enhance their features and offerings in the surface vision and inspection market. For instance, AMETEK Instruments Pvt., Ltd. entered the Indian market by setting up its technology solutions center in Bangalore, augmenting the development of electronic instruments and electromechanical products. In 2018, Cognex Corporation merged its surface vision division with AMETEK for USD 160 million. New product launches, such as DataLogic’s IMPACT 12.0 for vision-guided robotics, are being done at a rapid pace as enterprises move to leverage opportunities in this market.
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Some of the key players operating in the surface vision and inspection market are Adept Technology, Inc., Allied Vision Technologies GmbH, ISRA Vision AG, AMETEK, Basler AG, Baumer Inspection, Cognex Corporation, Datalogic S.P.A, Edmund Optics, Inc., ETS SuperVision BV, Flir Systems, Industrial Vision Systems Ltd., Keyence Corporation, Matrox Imaging, Microscan Systems, Inc., Moritex Corporation, National Instruments Corporation, Panasonic Corporation, Omron Corporation, Perceptron Inc., Sony Corporation, Teledyne DALSA Inc., and Vitronic GmbH.
Surface Vision and Inspection Market, By Component Type, 2014-2025 (USD Million)
• Lighting Equipment
• Frame Grabber
• Hardware & Software
By Application, 2014-2025 (USD Million)
• Electronics & Electrical
• Food & Beverages
• Logistics & Postal Sorting
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