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Surface Inspection Market worth $6.34 billion by 2030, growing at a CAGR of 10.09% - Exclusive Report by 360iResearch

02-27-2024 08:43 AM CET | Industry, Real Estate & Construction

Press release from: 360iResearch

Surface Inspection Market | 360iResearch

Surface Inspection Market | 360iResearch

The "Surface Inspection Market by Type (2D, 3D), Component (Camera, Frame Grabber, Lighting Equipment), System, Deployment Type, Application - Global Forecast 2023-2030" report has been added to 360iResearch.com's offering.

The Global Surface Inspection Market to grow from USD 2.94 billion in 2022 to USD 6.34 billion by 2030, at a CAGR of 10.09%.

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The surface inspection market encompasses technologies and solutions designed for detecting, identifying, and quantifying physical defects on surfaces. The rising demand for quality assurance and automation across manufacturing sectors primarily drives growth in the surface inspection market. Advancements in technology, particularly in machine vision and artificial intelligence, further enhance the capabilities of surface inspection systems, making them more efficient and versatile. The rising emphasis on regulatory compliance and standards in pharmaceutical industries also plays a significant role in market expansion. However, the high cost of advanced surface inspection systems and the technical challenges related to these systems' integration and operational efficiency within existing production lines are notable constraints. Additionally, the lack of skilled individuals to manage and interpret the data generated by advanced inspection technologies may hinder market growth. Moreover, emerging opportunities include the integration of AI and IoT (Internet of Things) in surface inspection systems, offering predictive maintenance and real-time defect detection capabilities. There is also significant potential in developing compact, flexible solutions for small and medium-sized enterprises (SMEs) looking to incorporate quality inspection processes without substantial investment.

The United States and Canada are significant contributors to the surface inspection market in the Americas. The U.S., in particular, showcases a robust demand driven by the automotive, aerospace, and semiconductor industries. Technological integration, including IoT and automation, marks the region's progress in adopting surface inspection solutions. The EMEA region presents a diverse marketplace for surface inspection. With their stringent quality standards and regulations, EU countries prioritize advanced inspection technologies to accommodate manufacturing lines, particularly in the automotive and pharmaceutical sectors. While emerging in this field, the Middle East shows promise with investments in industrial diversification and digital transformation initiatives. Africa's market is nascent, focusing on adopting basic inspection technologies amidst its growing manufacturing capabilities. The Asia Pacific region, led by technological front-runners such as China, Japan, and India, is witnessing significant growth in the surface inspection market. The expanding manufacturing sector spurs this growth in the APAC region, especially in the electronics and automotive industries, where precision and quality are paramount.

Market Segmentation & Coverage:

This research report categorizes the Surface Inspection Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Type, market is studied across 2D and 3D. The 3D commanded largest market share of 51.48% in 2022, followed by 2D.

Based on Component, market is studied across Camera, Frame Grabber, Lighting Equipment, Processors, Sensors, and Software. The Sensors commanded largest market share of 22.16% in 2022, followed by Processors.

Based on System, market is studied across Camera-based System and Computer-based System. The Computer-based System commanded largest market share of 62.49% in 2022, followed by Camera-based System.

Based on Deployment Type, market is studied across Robotic Cells and Traditional Systems. The Traditional Systems commanded largest market share of 64.26% in 2022, followed by Robotic Cells.

Based on Application, market is studied across Automotive, Glass & Metal, Medical & Pharmaceutical, Paper & Wood, Plastic & Rubber, Printing & Packaging, Semiconductor, and Travel & Transport/Logistics. The Semiconductor commanded largest market share of 19.21% in 2022, followed by Automotive.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 39.30% in 2022, followed by Americas.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Surface Inspection Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Surface Inspection Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Surface Inspection Market, highlighting leading vendors and their innovative profiles. These include Ametek, Inc., Basler AG, Baumer Holding AG, Brevetti CEA SpA, Cognex Corporation, Dark Field Technologies, Datalogic S.p.A., Edmund Optics India Private Limited, Erhardt+Leimer GmbH, Helmee Imaging Ltd., IMS Messsysteme GmbH, Industrial Vision Systems Ltd. by Oxford Metrics PLC, ISRA Vision GmbH, Jenoptik AG, Keyence Corporation, Kitov Systems, Maschinenfabrik Herkules GmbH and Co. KG, Mectron Inspection Engineering, Micro-Epsilon India Private Limited, MORITEX Corporation, Nanotronics, National Instruments Corporation by Emerson Electric Corp., OMRON Corporation, Panasonic Holdings Corporation, Perceptron, Inc., Shelton Machines Limited, SICK AG, STEMMER IMAGING AG, Taymer International Inc., Teledyne Technologies Incorporated, VITRONIC Dr.-Ing. Stein Bildverarbeitungssysteme GmbH, and Zebra Technologies Corporation.

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Surface Inspection Market, by Type
7. Surface Inspection Market, by Component
8. Surface Inspection Market, by System
9. Surface Inspection Market, by Deployment Type
10. Surface Inspection Market, by Application
11. Americas Surface Inspection Market
12. Asia-Pacific Surface Inspection Market
13. Europe, Middle East & Africa Surface Inspection Market
14. Competitive Landscape
15. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Surface Inspection Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Surface Inspection Market?
3. What is the competitive strategic window for opportunities in the Surface Inspection Market?
4. What are the technology trends and regulatory frameworks in the Surface Inspection Market?
5. What is the market share of the leading vendors in the Surface Inspection Market?
6. What modes and strategic moves are considered suitable for entering the Surface Inspection Market?

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Contact 360iResearch

Mr. Ketan Rohom
Sales & Marketing,
Office No. 519, Nyati Empress,
Opposite Phoenix Market City,
Vimannagar, Pune, Maharashtra,
India - 411014.
sales@360iresearch.com
+1-530-264-8485
+91-922-607-7550

About 360iResearch

360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.

We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset - our people.

Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.

Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.

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