Press release
Surface Vision & Inspection Equipment Market 2020 Analysis by Global Manufacturers - Matrox Imaging Ltd., Shenzhen Sipotek Technology Co., Ltd., Keyence Corporation
Global Surface Vision & Inspection Equipment Market, delivering a must-read report for industry stakeholders wanting to understand the strategic landscape of this burgeoning sector. Readers will find an in-depth analysis of the market and how it will impact existing traditional markets, as well as insights into future development and opportunities across the globe.The Surface Vision & Inspection Equipment Market is anticipated to witness a CAGR of 11.2% over the forecast period (2020 - 2025).
MarketInsightsReports has announced the addition of the "Global Surface Vision & Inspection Equipment Market Research Report 2020" The report focuses on global major leading players with information such as company profiles, product picture and specification.
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Key Players:
Omron Corporation, Cognex Corporation, Isra Vision AG, Panasonic Corporation, AMETEK Surface Vision, Edmund Scientific Corporation, Matrox Imaging Ltd., Shenzhen Sipotek Technology Co., Ltd., Keyence Corporation, and Daitron Inc request free sample for complete list of companies.
Key Market Trends
Camera Segment is Expected to Hold the Largest Market Size during the Forecast Period
- Cameras in surface vision & inspection are used for automatic surface inspections to maintain accurate quality control during the production of goods. Camera segment holds the highest market share in 2018 and is expected to retain its dominance during the forecast period owing to increasing demand for high-quality images, image processing, and compactness.
- Industrial cameras with specialized optics have digital sensors embedded within themselves. The performance of surface vision & inspection systems depends on the quality of images acquired by the cameras. High-quality images enable system hardware and software to process, analyze, and measure various characteristics in greater detail and derive meaningful evaluations.
- Players in the market are offering advanced vision systems that can capture high-quality images which can detect hairline variations even caused by reflections of light. For instance, the imaging solution offered by Radiant Vision Systems uses CCD calibrated cameras to capture a scratched aluminum surface.
- Rising digital industrial technology (Industry 4.0 and IoT), increasing adoption of industrial robots are some of the significant factors influencing the growth of the market. The International Federation of Robotics (IFR) estimates that the worldwide supply of industrial robots could reach 630,000 units by 2021 compared to 381,000 units in 2017.
North America is expected to Hold the Largest Market Size during the Forecast Period
- North America is expected to hold the largest market size and dominate the surface vision & inspection equipment market during the forecast period. The market studied is dominated by companies in the US, followed by those in Europe and Asia-Pacific.
- The automotive sector is one of the largest markets for surface vision & inspection equipment in North America. Estimates from OICA revealed that the production of motor vehicles in the region has increased from around 15.8 million units to 17.4 million units, from 2012 to 2018.
- R&D activities for image processing technology, industrialization, increasing focus on attaining operational efficiency and product quality, growing factory automation, safety-related mandates in the automotive industry, are some of the factors driving the growth of the market.
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Competitive Landscape
The Surface Vision & Inspection Equipment Market is highly competitive and is currently dominated by a few players with their technological expertise. The global market for surface vision & inspection equipment is expected to be consolidated in nature.
- June 2019 - Mitutoyo Corporation acquired Linkwiz Inc., that develops and sells control system software with proprietary algorithms for industrial robots. L-QUALIFY is a production-line inspection software developed by Linkwiz Inc. and is being adopted by major companies including auto manufacturers.
- January 2019 - Omron launched VT-M121, a 2D dimension and visual inspection machine that is expected to perform simultaneous dimension and visual inspection to detect scratches and cracks on products.
- January 2019 - Matrox Imaging added a new representative from New Midwestern US to their global network of distributors and integrators.
Frequently Asked Questions about global market:
What will the Surface Vision & Inspection Equipment market size/ forecast be in 2025?
What is the growth rate (CAGR) of the Surface Vision & Inspection Equipment market?
Who are the key players/top companies in the Surface Vision & Inspection Equipment market?
What are the key market trends (Strength Weaknesses Opportunities Threats Analysis) driving the global Surface Vision & Inspection Equipment market?
What are the challenges to growth and the new opportunities in the Surface Vision & Inspection Equipment market?
Which is the highest growing region or country for the Surface Vision & Inspection Equipment market?
Which is the top growing segment/application/end-user industry?
Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or 3 countries or nearly 40 analyst hours.
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and Chinese and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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