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Top Market Shifts Transforming the Surface Inspection Market Landscape: Key Insights
Surface Inspection
What Is the Expected CAGR for the Surface Inspection Market Through 2025?
In previous years, the size of the surface inspection market has significantly increased. The valuation is anticipated to surge from $4.25 billion in 2024 up to $4.64 billion in 2025, with a compound annual growth rate (CAGR) of 9.1%. Factors such as the necessity of quality control, improvements in automation, efficiency in manufacturing, customer anticipations, and industrial rules are responsible for the growth observed in the historic period.
What's the Projected Size of the Global Surface Inspection Market by 2029?
In the coming years, the surface inspection market is projected to experience robust growth. The market is set to expand to $6.69 billion by 2029, with a compound annual growth rate (CAGR) of 9.6%. The expansion during this forecast period can be ascribed to developments such as miniaturization and microelectronics, intelligent production processes, data assessment and predictive upkeep, tailored solutions, and supply chain resilience. Notable trends on the horizon during this period encompass the integration of artificial intelligence, robotics and automation, the implementation of augmented (AR) and virtual reality (VR), 3D and depth perception imaging, and Industry 4.0 integration.
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Top Growth Drivers in the Surface Inspection Industry: What's Accelerating the Market?
The surge in the utilization of smart cameras is projected to fuel the expansion of the surface inspection market in the coming years. Smart cameras, which are standalone vision systems leveraging image sensors to identify defects in products and surfaces, are pivotal to surface inspection. This process utilizes smart cameras to detect surface defects or characteristics on objects during real-time manufacturing. Prominent firms are embracing smart cameras to spot surface irregularities as they occur. For example, in August 2022, the US-based SaaS company, Plume Design Inc., revealed that smart home camera usage had risen by 55% in 2022 compared to 2021. Hence, the rising use of smart cameras is propelling the growth of the surface inspection market.
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What Trends Will Shape the Surface Inspection Market Through 2029 and Beyond?
Technological advancements are playing a crucial role in influencing the nature of the surface inspection market. Major corporations active in the sector of surface inspection are focusing on the creation of technical solutions with the intent of enlarging their range of services and consolidating their standing in the market. For example, ZEISS, a tech company from Germany, released a novel surface inspection system named ZEISS ABIS III in July 2023, specifically curated for intelligent factories, prominently in automotive body shops and press shops. This system boasts a rugged sensor that has the potential to detect a wide array of surface faults like scratches, dents, cracks, and residues, during both inline and atline during production cycle times. Furthermore, the ZEISS ABIS III uses the unique and patented Multi-Color-Light (MCL) technology, which paves the way for precise identification of even smaller defects at remarkably high speeds.
What Are the Main Segments in the Surface Inspection Market?
The surface inspection market covered in this report is segmented -
1) By Component: Cameras, Frame Grabbers, Optics, Lighting Equipment, Processors, Software, Other Components
2) By Surface Type: 2D, 3D
3) By Deployment Type: Traditional Systems, Robotic Cells
4) By Vertical Type: Semiconductor, Automotive, Electrical And Electronics, Glass And Metal, Food And Packaging, Medical And Pharmaceuticals, Plastic And Rubber, Printing, Other Vertical Types
Subsegments:
1) By Cameras: Line Scan Cameras, Area Scan Cameras, Smart Cameras
2) By Frame Grabbers: PCI Frame Grabbers, USB Frame Grabbers, GigE Frame Grabbers
3) By Optics: Lenses, Optical Filters, Illumination Systems
4) By Lighting Equipment: LED Lighting, Laser Lighting, Strobe Lighting
5) By Processors: Image Processing Units, Digital Signal Processors (DSPs), Graphics Processing Units (GPUs)
6) By Software: Image Analysis Software, Inspection Software, Machine Learning and AI Software for Inspection
7) By Other Components: Mounting and Positioning Equipment, Communication Interfaces, Enclosures and Protective Equipment
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Which Top Companies are Driving Growth in the Surface Inspection Market?
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.
Which Regions Will Dominate the Surface Inspection Market Through 2029?
Asia-Pacific was the largest region in the surface inspection market share in 2024. The regions covered in the surface inspection market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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