Surface Inspection Market Worldwide Analysis on Revenue, Segmentation and Key Players

The report "Surface Inspection Market by Component (Camera, Frame Grabber, Processor, Software), Surface Type (2D and 3D), System (Computer System and Camera System), Deployment Type (Traditional, Robotic Cell), Vertical, and Geography - Global Forecast to 2025", is expected to grow from USD 3.7 billion in 2020 to USD 5.3 billion by 2025; it is expected to grow at a CAGR of 7.4% during the forecast period.
The performance of surface inspection systems depends on features of its components such as cameras, image processors, and software. Technological Improvements in cameras, robust software and more powerful image processors are driving the market as industrial applications are also increasing in complexity. With these advancements, the surface inspection systems are capable of handling applications in various industries such as semiconductor, automobile, electrical & electronics, glass & metal, food, medical & pharmaceutical and plastic. Increasing wages in various countries such as the UK, China, Spain, South Korea, and Israel, is also driving the market. This is because the companies are moving towards automation to reduce costs.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=192440286

Cameras to dominate the surface inspection market by 2020

Cameras held the largest market share in 2020. This is because many applications such as inspection of packaging for proper lids and labels, and inspection of large objects such as doors of automobiles can require multiple cameras to cover large areas. Cameras are also being regularly being upgraded in terms of resolution and frame rate. While other components are finding replacements, camera and software remain unreplaced. The demand for standalone processors is expected to reduce owing to the availability of camera-based systems equipped with onboard processors. Optics can be replaced using robotic cells, which offer flexibility in distance between camera and work item. With the advent of high-resolution cameras, frame grabbers are not required for low-end applications.

3D surface inspection systems are expected to grow at higher CAGR during the forecast period.

3D surface inspection system overcomes several limitations of 2D surface inspection systems. 3D systems are contrasted invariant and therefore with 3D inspection, it is possible to perform stable detection of minute dents and flaws that look similar to patterns on the target, which are difficult to differentiate with conventional 2D images. The 3D systems overcome the limitations of lighting, contrast, and distance to object. Also, 3D systems detect the depth of flaws or distortion level, thereby predicting the severity of defects. Moreover, a 3D camera can capture both 3D and 2D images simultaneously. 3D systems provide greater statistical certainty due to larger data set sizes and can provide Nanometer resolution.

APAC expected to grow at highest CAGR during the forecast period

APAC, being a major market, consists of a diverse range of economies with varying levels of development and the presence of various manufacturers. APAC is estimated to grow at the highest CAGR during the forecast period due to the high industrialization in China, Japan, and South Korea. According to the International Organization of Motor Vehicle Manufacturers (OICA), China is the world leader in the automotive industry. The ‘Made in China 2025’ policy states the country’s intention to be 70% self-reliant in the semiconductor sector by 2025. Japan and South Korea are leaders in robotics, and robot-based surface inspection systems are expected to see significant growth in these countries. Also, the companies in Japan have a fast-changing product portfolio making robot-based 3D systems suitable. India is one of the rapidly growing economies among the emerging markets in Asia. Many companies are shifting base to APAC due to low labor costs in the region.

Inquiry Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=192440286

Major companies in the surface inspection market include ISRA Vision (Germany), Ametek (US), Omron (Japan), Teledyne Technologies (US), Panasonic (Japan), Keyence (Japan), Datalogic (Italy), Matrox (Canada), IMS Messsysteme (Germany) and Vitronic (Germany).

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

This release was published on openPR.