Surface Inspection Market 2019 Comprehensive Research Study, Trends, Growth Factors, Key Countries Analysis By Leading Players With Forecast to 2027
Surface Inspection Market Information, by Type (3D, 2D), by Device (Camera, Software, Processor, Optics, Frame grabber), by Application (Electronics, Automotive, Semiconductor, Medical & Pharmaceutical) – Global Forecast 2027
Pune, India – October 8, 2019 /MarketersMedia/ —
Market Analysis
The global surface inspection market is predicted to have a steady growth at a notable CAGR over the forecast period (2016-2027), states the new Market Research Future (MRFR) report. Surface inspection includes the usage of smart cameras and angled lighting to detect surface features or flaws accurately in real time on objects when they are produced. It helps in capturing material as well as product induced low-contrast flaws in end products. Besides, surface inspection systems help to detect subtle differences, allow real-time inspection of materials, identify repeating flaws, and analyze trends that make it more desirable.
Various factors are propelling the Surface Inspection Market growth. These factors, as specified by the Market Research Future (MRFR) report, include growing need for automation in industrial sectors, low hardware cost, growing demand for quality driven products, and growing manufacturing industries. Additional factors pushing market growth include trend of electric aircraft, rising wages, technological advancement in vision technology, increasing popularity of 3D vision in various industries, rising labor wages, need to deliver customers with flawless products, and expanding industrial base. Moreover, augmented demand for surface inspection from different industry verticals such as electrical and electronics, automotive, printing, plastic and rubber, medical and pharmaceuticals, food and packaging, semiconductor, and others are stimulating market growth.
On the contrary, changing consumer needs and demand are factors that may restrict the surface inspection market growth over the forecast period.
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Key Players
Leading players profiled in the surface inspection market report include AMETEK, Inc. (US), IMS Messsysteme GmbH (Germany), ISRA VISION AG (Germany), Micro scan Systems, Inc. (US), Panasonic Corporation (Japan), VITRONIC GmbH (Germany), Matrox Electronic Systems Ltd. (Canada), Toshiba Corporation (Japan), Teledyne Technologies Inc. (US), and Omron Corporation (Japan) among others. The key players have adopted different strategies to make a foothold in the market, such as mergers, acquisitions, partnerships, research and development, and more.
June 2019: Global leader in automated online surface inspection, AMETEK Surface Vision has recently exhibited its new innovations at the Aluminum China Trade Fair in the New International Expo Centre in Shanghai. The company highlighted on process surveillance in aluminum production and advancements in surface inspection monitoring.
Market Segmentation
The Market Research Future report provides a wide segmental analysis of the surface inspection market based on application, device, and surface type.
Based on surface type, the surface inspection market is segmented into 3D and 2D. Of these, the 3D segment will have the largest share in the market over the forecast period.
Based on device, the surface inspection market is segmented into software, processors, optics, frame grabbers, and camera. Of these, the camera segment will dominate the market over the forecast period.
Based on application, the surface inspection market is segmented into medical and pharmaceuticals, paper and wood, automotive, postal and logistics, electronics, semiconductor, food and packaging, and glass and metal.
Regional Analysis
Based on the region, the surface inspection market report covers growth opportunities and the latest trends across the Asia Pacific (APAC), Europe, the Americas, and the Middle East and Africa (MEA). Of these, the APAC region will spearhead the market over the forecast period. This is owing to the huge growth of manufacturing industries in South Korea, Japan, China, and India, where surface inspection is widely used. Increasing automation in automotive industries and consumer electronics is pushing market growth. Moreover, the region is constantly investing into research and development activities that is pushing market growth.
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The surface inspection market in North America is predicted to have significant growth over the forecast period. This is owing to increasing adoption of computer systems and a burgeoning need for automation in the industrial sector. Moreover, a considerable shift to automated technologies and fall in the use of native applications is expected to show notable growth in the future.
The surface inspection market in Europe is predicted to have favorable growth over the forecast period. This is owing to the growing adoption of technologies and upcoming trends and the need for quality driven products.
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