Global Surface Vision And Inspection Market Overview And Statistics For 2024-2033
Surface Vision And Inspection Market Research 2024-2033: Outlook and Overview
LONDON, GREATER LONDON, UNITED KINGDOM, September 4, 2024 /EINPresswire.com/ --
The surface vision and inspection market has experienced robust growth in recent years, expanding from $2.74 billion in 2023 to $3.01 billion in 2024 at a compound annual growth rate (CAGR) of 9.8%. The growth in the historic period can be attributed to quality control imperative, manufacturing efficiency, consumer expectations, increasing demand for automation and robotics, expanded applications in diverse industries.
Strong Future Growth Anticipated
The surface vision and inspection market is projected to continue its strong growth, reaching $4.27 billion in 2028 at a compound annual growth rate (CAGR) of 9.2%. The growth in the forecast period can be attributed to ai and machine learning, customized solutions, globalization of production, sustainability initiatives, data analytics and predictive maintenance.
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Growth Driver Of The Surface Vision And Inspection Market
The surge in the adoption of industrial robots is expected to propel the growth of the surface vision and inspection market going forward. Industrial robots refer to a mechanical device that has been designed to automatically carry out production-related duties in industrial settings. An industrial vision and inspection camera is used in industrial robots to allow them to adjust to environmental obstacles and provide productive benefits.
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Major Players And Surface Vision And Inspection Market Trends
Key players in the surface vision and inspection market include Omron Corporation, Ametek Inc., Edmund Optics Inc., Isra Vision AG, Industrial Vision Systems Ltd., Cognex Corporation.
Major companies operating in the surface vision and inspection market are innovating products with artificial intelligence (AI)-enabled vision inspection system technology, to provide reliable services to customers. An Artificial Intelligence (AI)-enabled vision inspection system is a technology that integrates computer vision AI, advanced algorithms, and machine learning techniques to automate the process of inspecting and evaluating products or components visually.
Surface Vision And Inspection Market Segments:
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
Geographical Insights: Asia-Pacific Leading The Surface Vision And Inspection Market
Asia-Pacific was the largest region in the surface vision and inspection market share in 2023. 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.
Surface Vision And Inspection Market Definition
Surface vision and inspection refer to a non-destructive method of inspecting topographical details and locating suspected defects on an article's surface. It is used for the real-time detection of surface flaws or features using angled lighting and smart cameras.
Surface Vision And Inspection Global Market Report 2024 from The Business Research Company covers the following information:
• Market size data for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Surface Vision And Inspection Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on surface vision and inspection market size, surface vision and inspection market drivers and trends, surface vision and inspection market major players, surface vision and inspection competitors' revenues, surface vision and inspection market positioning, and surface vision and inspection market growth across geographies. The surface vision and inspection market report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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