The Surface Inspection Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Surface Inspection Global Market Report 2024, The surface inspection market size has grown strongly in recent years. It will grow from $3.93 billion in 2023 to $4.32 billion in 2024 at a compound annual growth rate (CAGR) of 9.9%. The growth in the historic period can be attributed to quality control imperative, automation advancements, manufacturing efficiency, consumer expectations, industrial regulations..
The surface inspection market size is expected to see strong growth in the next few years. It will grow to $6.25 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%. The growth in the forecast period can be attributed to miniaturization and microelectronics ,smart manufacturing, data analytics and predictive maintenance, customized solutions, supply chain resilience. Major trends in the forecast period include artificial intelligence integration, robotics and automation, augmented reality (ar) and virtual reality (vr),3d and depth perception imaging, industry 4.0 integration..
An increase in the adoption of smart cameras is expected to propel the growth of the surface inspection market over the forthcoming years. Smart cameras are self-contained vision systems that use image sensors to detect flaws in products and surfaces. Surface inspection entails the use of smart cameras to identify surface faults or features on things as they are manufactured in real-time. Major companies are adopting smart cameras to detect surface flaws in real-time. For instance,in August 2022, Plume Design Inc., a US-based software-as-a-service (SaaS) company, reported that smart home camera adoption had increased by 55% in 2022 from 2021. Therefore, the increase in the adoption of smart cameras drives the growth of the surface inspection market.
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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 Vetical Types
Top Major Players:
ISRA Vision Systems Inc
AMETEK Inc
Matrox Imaging
Datalogic S.p.A.
Teledyne Technologies Incorporated
Asia-Pacific was the largest region in the surface inspection market share in 2023.
The growing technological advancements are shaping the surface inspection market. Major companies operating in the surface inspection sector are concentrating on developing technical solutions to expand their portfolio and strengthen their position. For instance, in August 2021, Omron Corporation, a Japan-based electronic company, introduced the PCB inspection system VT-S10 Series, which automates the high-precision inspection process for electronic substrates using AI and a technique for imaging that is a first in the industry. VT-S10 Series is capable of automatically adjusting illuminating irradiations, angles, colors, and light intensity based on factors such as the forms of the electronic components and the soldering on the substrates, which minimizes the error and time required for inspection and increases accuracy.
The surface inspection market report table of contents includes:
1. Executive Summary
2. Surface Inspection Market Characteristics
3. Surface Inspection Market Trends And Strategies
4. Surface Inspection Market – Macro Economic Scenario
5. Global Surface Inspection Market Size and Growth
….……..
31. Global Surface Inspection Market Competitive Benchmarking
32. Global Surface Inspection Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Surface Inspection Market
34.Surface Inspection Market Future Outlook and Potential Analysis
35.Appendix
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