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Surface Inspection Market Size, Share Analysis, Growth And Industry Forecast 2023-2032
Surface Inspection Market Report
The Business Research Company's Surface Inspection Global Market Report 2023 identifies the increase in the adoption of smart cameras as the major driver for the surface inspection market's growth in the forecast period. Smart cameras are self-contained vision systems that use image sensors to detect flaws in products and surfaces. Surface inspection entails the use of smart cameras to identify surface faults or features on things as they are manufactured in real-time. Major companies are adopting smart cameras to detect surface flaws in real-time.
The global surface inspection market size grew from $3.54 billion in 2022 to $3.96 billion in 2023 at a compound annual growth rate (CAGR) of 12.1%. 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 surface inspection market size is expected to grow to $5.8 billion in 2027 at a CAGR of 10.0%.
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Major competitors in the surface inspection market are ISRA VISION, AMETEK Inc., Matrox Imaging, Datalogic S.p.A., Teledyne Technologies, Keyence Corporation, Cognex Corporation, OMRON Corporation, Basler AG, Baumer Holding AG, Panasonic Corporation, National Instruments Corporation, Pixargus, Dark Field Technologies, Stemmer Imaging, and Maschinenfabrik Herkules GmbH & Co. KG.
A key trend in the surface inspection market includes technological advancements. Major companies operating in the surface inspection sector are concentrating on developing technical solutions to expand their portfolio and strengthen their position. For instance, in August 2021, Omron Corporation, a Japan-based electronic company, introduced the PCB inspection system VT-S10 Series, which automates the high-precision inspection process for electronic substrates using AI and a technique for imaging that is a first in the industry. VT-S10 Series is capable of automatically adjusting illuminating irradiations, angles, colors, and light intensity based on factors such as the forms of the electronic components and the soldering on the substrates, which minimizes the error and time required for inspection and increases accuracy.
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The surface inspection market is segmented -
•By Component: Cameras, Frame Grabbers, Optics, Lighting Equipment, Processors, Software, Other Components
•By Surface Type: 2D, 3D
•By Deployment Type: Traditional Systems, Robotic Cells
•By Vertical Type: Semiconductor, Automotive, Electrical And Electronics, Glass And Metal, Food And Packaging, Medical And Pharmaceuticals, Plastic And Rubber, Printing, Other Vetical Types
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the surface inspection market.
The Business Research Company's "Global Surface Inspection 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 Surface Inspection Market Include:
1. Executive Summary
2. Surface Inspection Market Characteristics
3. Surface Inspection Market Trends And Strategies
4. Surface Inspection Market - Macro Economic Scenario
5. Surface Inspection Market Size And Growth
……
25. Middle East Surface Inspection Market
26. Africa Surface Inspection Market
28. Key Mergers And Acquisitions In The Surface Inspection Market
29. Surface Inspection Market Future Outlook and Potential Analysis
30. Appendix
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