The automatic visual inspection systems global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Automatic Visual Inspection Systems Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The automatic visual inspection systems market size has grown rapidly in recent years. It will grow from $14.61 billion in 2023 to $16.69 billion in 2024 at a compound annual growth rate (CAGR) of 14.2%. The growth in the historic period can be attributed to rising demand for quality inspection in technology and non-destructive testing, rising demand for AVI systems, improvement in defect detection, increased focus on safety, demand for real-time insights.
The automatic visual inspection systems market size is expected to see rapid growth in the next few years. It will grow to $26.71 billion in 2028 at a compound annual growth rate (CAGR) of 12.5%. The growth in the forecast period can be attributed to increasing demand for quality control and inspection in manufacturing, demands for quality assurance, increases in production volumes, increasing acceptance and investments in industry 4.0, increasing application in the automobile sector. Major trends in the forecast period include technological advancements in machine vision technology, integration of advanced technologies and systems, advanced AVIS technologies, integration of automation inspection systems into production processes, adoption of industry 4.0 principles for data-driven insights.
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Scope Of Automatic Visual Inspection Systems Market
The Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
Automatic Visual Inspection Systems Market Overview
Market Drivers –
The increasing adoption of Industry 4.0 and smart factory concepts is expected to propel the growth of the automatic visual inspection systems market going forward. Industry 4.0 and smart factory concepts involve integrating advanced technologies, such as IoT, artificial intelligence, and automation, to create interconnected, intelligent, and efficient industrial systems. Industry 4.0 and smart factories leverage automatic visual inspection systems to enhance quality control and efficiency through real-time, data-driven analysis of production processes. For instance, in May 2022, according to a survey of 321 manufacturers conducted by Rockwell Automation, Inc., a US-based provider of industrial automation and digital transformation technologies, the adoption of smart factory technologies witnessed a remarkable 50% year-over-year growth. Moreover, 74% of surveyed manufacturers are either utilizing or planning to integrate artificial intelligence into their manufacturing operations. Additionally, 83% of manufacturing professionals will upgrade their modernization processes into smart factories. Therefore, the increasing adoption of Industry 4.0 and smart factory concepts is driving the growth of the automatic visual inspection systems market.
Market Trends –
Major companies operating in the automatic visual inspection systems market are focused on developing innovative solutions, such as Cohu’s DI-Core analytics platform, to sustain their position in the market. Cohu’s DI-Core analytics platform is an artificial intelligence (AI) based inspection software that enhances visual inspection accuracy. It is a cutting-edge system designed to improve equipment performance and address Industry 4.0 and factory automation initiatives in the semiconductor manufacturing industry. For instance, in November 2023, Cohu Inc., a US-based semiconductor test handling equipment provider, launched Cohu’s DI-Core analytics platform, a new artificial intelligence (AI) inspection software. It offers real-time processing, enhancing visual inspection accuracy for semiconductor manufacturers operating at production speeds. It distinguishes micro-scale defects from cosmetic patterns more accurately than existing methods, utilizing proprietary deep learning and neural network technologies. This product aims to boost inspection yield without compromising quality.
The automatic visual inspection systems market covered in this report is segmented –
1) By Type: 2D Systems, 3D Systems, Camera Systems, Machine Vision Systems, PC Based Systems, Other Types
2) By Component: Hardware, Software, Services
3) By Application: Surface Inspection, Quality Control And Inspection, Measurement, Other Applications
4) By End-Use: Automotive, Semiconductor And Electronics, Food And Beverage, Packaging, Pharmaceutical, Healthcare, Other End-Uses
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Regional Insights –
Asia-Pacific was the largest region in the automatic visual inspection systems market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the automatic visual inspection systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the automatic visual inspection systems market are Hitachi Ltd., Mitsubishi Electric Corporation, Nidec Corporation, Atlas Copco AB , KLA Corporation, OMRON Corporation, Keyence Corporation, FANUC Corporation, Zebra Technologies Corporation, Teledyne Technologies Incorporated, Mettler-Toledo International Inc., SICK AG., National Instruments Corporation, Syntegon Technology GmbH, Stevanato Group, Cognex Corporation, Datalogic S.p.A., Basler AG, Vitronic Machine Vision Ltd., Stemmer Imaging Ltd., ViTrox Corporation, Baumer Inspection GmbH, Pleora Technologies Inc., Viscom AG , ISRA Vision GmbH, ASC International, NDC International, Qualitas Technologies, VisionGauge, Shanghai VisionTech
Table of Contents
1. Executive Summary
2. Automatic Visual Inspection Systems Market Report Structure
3. Automatic Visual Inspection Systems Market Trends And Strategies
4. Automatic Visual Inspection Systems Market – Macro Economic Scenario
5. Automatic Visual Inspection Systems Market Size And Growth
…..
27. Automatic Visual Inspection Systems Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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