Press release
Surface Inspection Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region | ISRA Vision Systems Inc., AMETEK Inc., Matrox Imaging, Datalogic S.p.A., Teledyne Technologies Incorporated
Surface Inspection Market Size
The Business Research Company offers in-depth market insights through Surface Inspection Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The surface inspection market size has grown strongly in recent years. It will grow from $3.93 billion in 2023 to $4.32 billion in 2024 at a compound annual growth rate (CAGR) of 9.9%. The growth in the historic period can be attributed to quality control imperative, automation advancements, manufacturing efficiency, consumer expectations, industrial regulations..
The surface inspection market size is expected to see strong growth in the next few years. It will grow to $6.25 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%. The growth in the forecast period can be attributed to miniaturization and microelectronics ,smart manufacturing, data analytics and predictive maintenance, customized solutions, supply chain resilience. Major trends in the forecast period include artificial intelligence integration, robotics and automation, augmented reality (ar) and virtual reality (vr),3d and depth perception imaging, industry 4.0 integration..
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Market Segmentation:
The main types of components in the surface inspection market are cameras, frame grabbers, optics, lighting equipment, processors, software, and others. Frame Grabbers are used in image processing, and analysis of cell motion, and it is helpful to detect faults through surface inspection. The different surface types include 2D and 3D and are deployed in various types including traditional systems and robotic cells. These are used in several sectors such as semiconductor, automotive, electrical and electronics, glass, and metal, food and packaging, medical and pharmaceuticals, plastic and rubber, printing, and others.
Major Driver - Rising Smart Camera Adoption Fuels Surface Inspection Market Growth
An increase in the adoption of smart cameras is expected to propel the growth of the surface inspection market over the forthcoming years. 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. For instance,in August 2022, Plume Design Inc., a US-based software-as-a-service (SaaS) company, reported that smart home camera adoption had increased by 55% in 2022 from 2021. Therefore, the increase in the adoption of smart cameras drives the growth of the surface inspection market.
Competitive Landscape:
Major companies operating in the surface inspection market include ISRA Vision Systems Inc., AMETEK Inc., Matrox Imaging, Datalogic S.p.A., Teledyne Technologies Incorporated, Keyence Corporation, Cognex Corporation, OMRON Corporation, Basler AG, Baumer Holding AG, Panasonic Corporation, National Instruments Corporation, Pixargus GmbH, Dark Field Technologies, Stemmer Imaging Limited, Maschinenfabrik Herkules GmbH & Co. KG, Adept Technology Inc., ETS SuperVision BV, Industrial Vision Systems Ltd., Sony Corporation, Teledyne FLIR LLC, Edmund Scientific Corporation, Shenzhen Sipotek Technology Co. Ltd., Daitron Inc., Flexfilm Ltd., Phenom-World B.V., Pleora Technologies Inc., Radiant Vision Systems, PI (Physik Instrumente) L.P., Fischer Technology Inc.
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Top Trend - Innovative Technologies Reshaping The Surface Inspection Market
The growing technological advancements are shaping the surface inspection market. 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.
The Table Of Content For The Market Report 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
…..
27. Surface Inspection Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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