With 8.6% CAGR, Surface Inspection Market Trends to Surpass USD 5.3 billion

The global surface inspection market is projected to grow from USD 3.5 billion in 2021 to USD 5.3 billion by 2026, at a CAGR of 8.6% from 2021 to 2026. Growing use of smart cameras, enhanced software, and powerful image processors due to their benefits and features and a surge in demand for electrical and electronic devices are some of the major factors driving the market growth.

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Cameras to hold the largest share of the surface inspection market during the forecast period

Cameras are expected to dominate the surface inspection market during the forecast period. Many applications such as inspection of packaging for proper lids and labels and inspection of large objects such as doors of automobiles need multiple cameras to cover large areas, thereby, creating a surge in demand for cameras. Moreover, cameras are also being regularly upgraded in terms of resolution and frame rate. While other components are finding replacements and seeing a reduction in demand, cameras and software remain unreplaced. The growing demand for camera-based systems equipped with onboard processors is also a key factor driving the market growth for cameras.

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

The 3D surface inspection market is likely to grow at a higher rate than the 2D surface inspection market during the forecast period, both in terms of value as well as volume. With the increase in demand for product quality and complexity of surfaces, 3D surface inspection techniques are replacing 2D surface inspection techniques in manufacturing and quality control. This is because 3D techniques overcome the limitations of 2D techniques and allow manufacturers to inspect beyond the two planes of a product; they also provide data on the height of the product, thereby adding data points to make more accurate conclusions. Because of advancements in accuracy and speed in both 3D scanners and point cloud data processing, 3D scanning has become an increasingly effective and popular method of capturing surface geometry. The resulting measurement data can be extremely dense, allowing for creative and useful processing. Furthermore, the 3D sensor feedback is used to precisely align the part face to the high-resolution line-scan imaging system, and the part is imaged. Hence, the market for 3D cameras is expected to grow at a higher rate during the forecast period.

Americas to account for the second largest share of the surface inspection market during the forecast period

The surface inspection market in Americas is mainly driven by developments in surface inspection systems by American companies such as Cognex (US), Teledyne DALSA (Canada) (subsidiary of Teledyne Technologies, US), and Dark Field Technologies (US) among others. These companies replenish the growing demand for specialized surface inspection systems such as mobile surface inspection systems, AI-based deep learning smart camera-based systems, cost-efficient & low power consumption imaging sensors, and big data analytics integrated software solutions for operations in various industries. Furthermore, a strong focus on advanced factory automation tools and the growing awareness about the benefits of inspection tools is expected to drive the market growth in Americas.

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The key players in the surface inspection market include KEYENCE (Japan), Cognex (US), ISRA VISION (Germany), OMRON (Japan), Teledyne Technologies (US), Matrox Electronic Systems (Canada), Basler (Germany), VITRONIC (Germany), Teledyne FLIR (US), Datalogic (Italy), Kitov (Isarel), Dark Field Technologies (US), IMS Messsysteme (Germany), Panasonic (Japan), AMETEK (US), National Instruments (US), Sick (Germany), Baumer (Switzerland), MORITEX (Japan), Sony (Japan), Allied Vision Technologies (Germany), Industrial Vision Systems (UK), PIXARGUS (Germany), In-Core Systèmes (France), and Sipotek (China).

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This release was published on openPR.