Press release
Defect Detection Market Size, Global Overview, Key Players, Trends And Forecast 2032 - Microsoft Corporation, IBM Corporation, Amazon.com Inc., Omron Corporation, Cognex Corporation
Defect Detection Market
The Business Research Company's Defect Detection Global Market Report 2023 identifies the stringent health and safety measures imposed by governments as the major driver for the defect detection market's growth in the forecast period. The government of Australia imposed some health and safety measures that increased the demand for defect detection. For instance, in August 2020, the Australian Public Service Commission, a statutory agency of the Australian Government, introduced stringent health protocols for Australian Government workers from Australian Government agencies, services, and programs visiting remote communities.
The global defect detection market size is expected to grow from $3.33 billion in 2022 to $3.60 billion in 2023 at a compound annual growth rate (CAGR) of 8.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The defect detection market size is expected to grow to $4.84 billion in 2027 at a CAGR of 7.7%.
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Major competitors in the defect detection market are Microsoft Corporation, IBM Corporation, Amazon.com Inc., Omron Corporation, Cognex Corporation, Datalogic S.p.A., Nikon Corporation, Keyence Corporation, Teledyne Technologies Inc.
A key trend in the defect detection market includes technological advancement. Major companies operating in the defect detection market are focused on developing new technological solutions to strengthen their position. For instance, in August 2021, Datalogic, an Italian company working in the automatic data capture and process automation markets, launched an MFDS solution for monitoring non-conveyable products in a non-singulated flow. The Mass Flow Detection System (MFDS) is an advanced solution that enables automated data collection for non-conveyable parcels.
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The defect detection market is segmented -
• By Offering: Hardware, Software, Services
• By Application: Manufacturing, Packaging
• By Vertical: Automotive, Electronics And Semiconductors, Metals And Machinery, Food And Packaging, Pharmaceuticals
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia Pacific was the largest region in the defect detection market.
The Business Research Company's "Global Defect Detection Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The defect detection Market Include:
1. Executive Summary
2. Defect Detection Market Characteristics
3. Defect Detection Market Trends And Strategies
4. Defect Detection Market - Macro Economic Scenario
5. Defect Detection Market Size And Growth
………
27. Defect Detection Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Defect Detection Market
29. Defect Detection Market Future Outlook And Potential Analysis
30. Appendix
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