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Automation in Industries is Surging the Demand for Global Surface Vision & Inspection Market to Rise at 7.12% of CAGR by 2027

According to the new market research report published by Inkwood Research, the global surface vision & inspection market is growing at a CAGR of 7.12% over the forecast period of 2019-2027.

“According to the new market research report published by Inkwood Research, the global surface vision & inspection market is growing at a CAGR of 7.12% over the forecast period of 2019-2027.”

“Browse 32 market Data Tables and 18 Figures spread over 140 Pages, along with an in-depth TOC on global surface vision & inspection market forecast 2019-2027.”

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A surface vision & inspection technology is used for the inspection and visualization of defects on ground or machine components. Inspecting objects for scratches, cracks, wears, checking for proper finishing, roughness and texture are the typical surface inspection tasks. Adoption of vision inspection across all industries, surge in demand for automation in industry, rising trend of miniaturization and growing need of quality inspection are the factors leading to the growth of the marker.

Increasing demand from the industrial segment is progressing the demand in the global market

Various industrial applications involve material process and inspection. This process requires critical monitoring of several manufacturing processes and material movements throughout a facility. A major concern for industrial management is the increasing number of accidents caused due to human error. The reduction in operation time without safety compromises and reducing product rejection ratio has developed a need for machine vision technology. Hence, the demand for machine vision technology and vision-guided robots from industrial segments is driving the growth of the market globally.

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Automotive by the application is the highest contributor in the surface vision & inspection market

Surface Vision & Inspection technology supports the life cycle of a vehicle over and beyond the manufacturing phase. Code readers track vehicle shipments, and optical character recognition systems read the VIN (vehicle identification numbers) and number plates. When vehicles reach their end life and need to be recycled, vision technology is used for identifying and separating materials and further routing them to the appropriate recycling stations. The automotive industry is driven by technology and innovation. Hence, the automotive industry is the biggest customer of surface vision & inspection technology globally.

North America is the prime revenue contributor in the global surface vision & inspection market

The North America region was the highest contributor to the global market in 2018. The United States and Canada are the prime contributing countries in the region. The applications in the market in North America is highest in the automotive, electronics & electricals, food & beverages, logistics, healthcare sector. In Canada and the U.S., the automotive and the electronics industry is fueling demand for the machine vision technology due to the presence of top manufacturers clustered in the regions.

The surface vision & inspection market is growing at a rapid pace. The top players operating in the global market are Panasonic Corporation, Sony Corporation, Basler AG, FLIR Systems, National Instruments Corporation, Perception Inc., Teledyne Technologies Incorporated, Matrox Electronic System Ltd, Ametex Inc., Allied Vision  Technologies GmBH, Datalogic S.P.A., Omron Corporation, Keyence Corporation, Isra Vision AG, Moritex Corporation. The players are focusing on various strategies for development such as mergers, acquisitions, partnerships, joint ventures and business expansions.

 

About Inkwood Research

Inkwood Research specializes in syndicated & customized research reports and consulting services. Market intelligence studies with relevant fact-based research are customized across industry verticals such as technology, automotive, chemicals, materials, healthcare, and energy; with an objective comprehension that acknowledges the business environments. Our geographical analysis comprises of North & South America, CEE, CIS, Middle East, Europe, Asia, and Africa.

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