Press release
Comprehensive Surface Vision And Inspection Market Forecast 2025-2034: Growth Trends and Strategic Shifts
Surface Vision And Inspection
Surface Vision And Inspection Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
Over the last few years, the market size for surface vision and inspection has seen robust growth. The market is expected to rise from a worth of $2.96 billion in 2024 to a value of $3.22 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 9.0%. Factors such as the necessity for quality control, improved manufacturing efficiency, consumer demands, the rising need for automation and robotics, and increased applications in numerous industries can account for the growth during the historic period.
Surface Vision And Inspection Market Size Forecast: What's the Projected Valuation by 2029?
The market for surface vision and inspection is projected to register substantial growth in the coming years, with the market size increasing to $4.54 billion by 2029, boasting a compound annual growth rate (CAGR) of 8.9%. Factors contributing to this increase during the forecast period comprise of AI and machine learning, customized solutions, production globalization, sustainability efforts, data analytics, and predictive maintenance. Noteworthy trends during the forecast period include sophisticated AI-based inspection, 3D surface examination, assistance from augmented reality (ar), IoT-facilitated inspection and the integration of robotics.
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What Are the Drivers Transforming the Surface Vision And Inspection Market?
The surface vision and inspection market is anticipated to surge forward, fueled by rapid industrialization. This concept pertains to the transformation of an economy primarily based on agriculture to one centered on goods manufacturing. Surface vision and inspection play a crucial role in industrialization by independently verifying the visual and aesthetic quality of products. For instance, in September 2024, data from the Office for National Statistics, a UK-based statistics authority, showed that the total sales value of products manufactured in the UK tallied up to £456.1 billion in 2023. This marked an increase of £17.2 billion (a 3.9% rise), from £438.9 billion the previous year. This implies that brisk industrialization is a significant driver pushing the growth of the surface vision and inspection market.
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What Long-Term Trends Will Define the Future of the Surface Vision And Inspection Market?
Leading corporations in the surface vision and inspection market are introducing products fortified with AI-enabled vision inspection technologies, aiming to offer more dependable services to their clientele. AI-enabled vision inspection systems combine computer vision AI, intricate algorithms, and machine learning procedures to fully automate the visual evaluation and inspection of goods or components. To illustrate, in July 2023, Advantech Co. Ltd., a computer manufacturer from Taiwan, in partnership with a computer vision system provider called Overview AI from the US, unveiled OV20i. Combining the technology of ICAM-520 edge AI, an AI-powered industrial camera, with a machine learning algorithm and an AI classifier, OV20i aids in automating operational changes and improving inspection quality protocols. Consequently, it leads to a decline in waste and labor, bolstering yield and efficiency.
Which Segments in the Surface Vision And Inspection Market Offer the Most Profit Potential?
The surface vision and inspection market covered in this report is segmented -
1) By Type: Computer Systems, Camera Systems
2) By Component: Hardware, Software
3) By Application: Automotive, Semiconductor, Electronics and Electrical, Healthcare or Pharmaceutical, Food and Beverages, Logistics and Postal Sorting, Metal, Rubber and Plastics, Wood and Paper, Printing, Other Applications
Subsegments:
1) By Computer Systems: Vision Processing Units, Industrial PCs, Embedded Vision Systems
2) By Camera Systems: 2D Camera Systems, 3D Camera Systems, High-Speed Camera Systems, Smart Cameras
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Which Firms Dominate the Surface Vision And Inspection Market by Market Share and Revenue in 2025?
Major companies operating in the surface vision and inspection market include Omron Corporation, Ametek Inc., Edmund Optics Inc., Isra Vision AG, Industrial Vision Systems Ltd., Cognex Corporation, Perceptron Inc., Adept Technology Inc., Keyence Corporation, Daitron Inc., Flexfilm Ltd., Comvis AG, Teledyne Technologies Inc., Allied Vision Technologies GmbH, National Instruments Corporation, SICK AG, Banner Engineering Corp., Baumer Electric AG, ETS SuperVision BV, Panasonic Corporation, AMETEK Surface Vision, Matrox Imaging Ltd., Shenzhen Sipotek Technology Co. Ltd., Stemmer Imaging AG, Vitronic GmbH, Sipotek, Teledyne DALSA, Microscan Systems Inc., Basler AG, Sony Corporation
Which Regions Offer the Highest Growth Potential in the Surface Vision And Inspection Market?
Asia-Pacific was the largest region in the surface vision and inspection market share in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the surface vision and inspection market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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