Surface Inspection Market: Business Opportunities, Current Trends, Market Challenges in 2028
The global surface inspection market size reached USD 3.22 Billion in 2020 and is expected to register a revenue CAGR of 8.3%, during the forecast period, according to latest analysis by Emergen Research. Increasing usage of smart cameras and powerful image processors, as well as increasing integration of surface inspection systems with Artificial Intelligence (AI), the Industrial Internet of Things (IIoT), and cloud services, are expected to continue to drive global surface inspection market revenue growth between 2021 and 2028.
Rising application of surface
inspection systems in the automotive industry is also expected to propel
revenue growth of the market during the forecast period. For preventing errors
at all phases of manufacturing, the automotive industry is reliant on
high-quality surface inspection systems. Various material and
production-induced faults are captured by surface inspection systems. Surface
scanning can be used to check defects in complicated parts such as crankcases,
cylinder bores, and cylinder heads, and also surface parts like printed
electronics and cylinder head gaskets.
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The report further studies the key companies operating in the industry
and their company profiles, product portfolio, expansion strategies, and
strategic alliances such as mergers and acquisitions, collaborations, and joint
ventures, among others. It also offers insights into their market reach and
global position, along with highlights about their achievements and financial
standings.
Some major companies in the market report
include:
Basler AG, ISRA Vision AG, Keyence
Corporation, Omron Corporation, Cognex Corporation, Teledyne Technologies Inc.,
Matrox Electronic Systems Ltd., Datalogic S.p.A., AMETEK, Inc., and SICK AG
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Key Highlights from the Report
Software segment revenue is expected
to expand at a significantly rapid CAGR during the forecast period. One of the
major components of the surface inspection system is software. Image capture,
processing, and analyzing operations are all controlled by software.
Automotive segment is expected to
register a significantly robust revenue growth rate over the forecast period.
Various large components, like door panels, must be inspected using several
cameras in the automotive industry, driving revenue growth of the segment.
Asia Pacific is expected to account
for a larger revenue share than other regional markets over the forecast
period. Robust presence of key players including Omron Corporation and Keyence
Corporation are among others in countries in the region is expected to drive
market growth in Asia Pacific.
Emergen Research has segmented the global
surface inspection on the basis of surface type, component, system, deployment
type, end-use, and region:
Surface Type
Outlook (Revenue, USD Billion; 2018–2028)
2D
3D
Component Outlook
(Revenue, USD Billion; 2018–2028)
Software
Hardware
Cameras
Lighting
Equipment
Processors
Optics
Frame
Grabbers
Others
System Outlook
(Revenue, USD Billion; 2018–2028)
Camera-based
PC- based
Deployment Type
Outlook (Revenue, USD Billion; 2018–2028)
Robotic Cells
Traditional Systems
End-Use Outlook
(Revenue, USD Billion; 2018–2028)
Automotive
Electrical & Electronics
Food & Beverage
Healthcare
Printing
Logistics
Others
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Regional Analysis:
The report further examines the market in the
key regions of the world with regard to production and consumption patterns,
import/export, supply and demand ratio, revenue generation, market share and
size, and presence of prominent players in the regions. The report also covers
the expansion plans undertaken by companies in the regions under the regional
analysis section.
Key regions in the market include:
North America
U.S.
Canada
Europe
U.K.
Italy
Germany
France
Rest of EU
Asia Pacific
India
Japan
China
South Korea
Australia
Rest of APAC
Latin America
Chile
Brazil
Argentina
Rest of Latin America
Middle East & Africa
Saudi Arabia
U.A.E.
South Africa
Rest of MEA
The report
considers the following timeline for market estimations:
Historical Years: 2018 – 2019
Base Year: 2020
Estimated Year: 2028
Forecast Years: 2021 – 2028
Questions addressed in the report:
What is the estimated market growth
rate throughout the forecast period?
Which end-use industry is expected to
witness the highest demand for Surface Inspection in the near future?
What is the regulatory framework
governing the application of Surface Inspection in the food industry?
Which manufacturing processes are
utilized for the production of Surface Inspection?
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