Press release
Surface Inspection Market Expansion Continues, with Forecast Valuation of $6.45 Billion by 2029
Surface Inspection Market
Surface Inspection Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In the past few years, the market size of surface inspection has experienced significant growth. It is expected to expand from $4.25 billion in 2024 to $4.56 billion in 2025, marking a compound annual growth rate (CAGR) of 7.4%. The notable growth during the historic period can be attributed to the need for quality control, developments in automation, efficiency in manufacturing, changing consumer expectations, and industrial regulations.
Surface Inspection Market Size Forecast: What's the Projected Valuation by 2029?
Forecasted to exhibit robust growth in the forthcoming years, the surface inspection market is anticipated to expand to $6.45 billion by 2029, with a compound annual growth rate (CAGR) of 9.0%. This predicted surge during the forecast period can be ascribed to factors such as miniaturization and microelectronics, intelligent manufacturing, data analytics and predictive maintenance, bespoke solutions and supply chain resilience. Significant trends expected to shape the forecast period comprise of the incorporation of artificial intelligence, the utilization of robotics and automation, the adoption of augmented and virtual reality, 3D and depth perception imaging, and the integration of Industry 4.0.
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What Are the Drivers Transforming the Surface Inspection Market?
The surge in the utilization of smart cameras is predicted to fuel the expansion of the surface inspection market in the upcoming years. These smart cameras are autonomous vision systems employing image sensors to spot imperfections in products and surfaces. Surface inspection incorporates the utilization of these smart cameras to discern surface defects or attributes on items as they undergo real-time production. Prominent companies are integrating smart cameras to detect surface defects instantaneously. For example, in August 2022, Plume Design Inc., a U.S. software-as-a-service (SaaS) firm, noted that the adoption of smart home cameras witnessed a significant rise of 55% in 2022 compared to the previous year, 2021. As such, the surge in the adoption of smart cameras facilitates the growth of the surface inspection market.
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Which Fast-Growing Trends Are Poised to Disrupt the Surface Inspection Market?
The advancement of technology is influencing the progress of the surface inspection market. Key corporations in this sector are focusing their efforts on creating technical solutions to enrich their inventory and consolidate their standing. For example, in July 2023, ZEISS, a firm based in Germany that specializes in technology, released ZEISS ABIS III. This new surface inspection solution is especially suited to high-tech factories, primarily those in the automotive assembly and press shop industries. Equipped with a robust sensor, this system can detect various types of surface defects such as dents, cracks, and residues, both within the production line and offline, all within the manufacturing cycle timeframe. The ZEISS ABIS III utilizes an exclusive Multi-Color-Light (MCL) technology which can accurately identify even the most minor defects at great velocities.
Which Segments in the Surface Inspection Market Offer the Most Profit Potential?
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 Firms Dominate the Surface Inspection Market by Market Share and Revenue in 2025?
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 Offer the Highest Growth Potential in the Surface Inspection Market?
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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