Newark, May 12, 2022 (GLOBE NEWSWIRE) -- According to the new report published by The Brainy Insights, the global surface inspection market is anticipated to grow from USD 3.43 billion in 2020 to USD 5.95 billion by 2028 at a CAGR of 7.13% during the forecast period 2021-2028.
Surface inspection inspects the presence or lack of features needed in the final product. There are other aspects which are verified using the surface inspection method such as whether the product assembly is right or not, finding the flaws and defects on the surface of the various sections of the machines or boards.
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Surface inspection includes the usage of angled lighting and smart cameras to reliably spot surface defects or features on objects as they are created in real time.As a consequence of growing design complexities, the need for surface inspection solutions in the automobile industry and the need to inspect electronic printing in electronics and electrical manufacturing are several factors that boost the need for surface inspection solutions over the forecast period. Technological developments have also led to market growth by a decline in overall costs and increasing accuracy. However, the consumer requirements of this market tend to change, prompting trainings of staff to manage the new systems. Highly trained individuals are a crucial prerequisite for operating high-end and frequently-changing surface inspection systems.Staff should understand machine signals and operate hand in hand with collaborative robots,where surface inspection systems are mounted on robots.
Key players operating in the global surface inspection market include Allied Vision Technologies, Ametek, Basler, Baumer, Dark Field Technologies, DatalogicSpA, FLIR Systems, IMS Messsysteme, In-core Systemes, Industrial Vision System, ISRA Vision, Keyence, Matrox Electronic System, National Instruments, Omron, Panasonic, Sick, Sony Corporation, Teledyne Technologies and Vitronicamong others.The key players are now concentrating on implementing strategies such as adopting new technology, product innovations, mergers & acquisitions, joint venture, alliances, and partnerships to improve their market position in the global surface inspection industry.
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The camera segment is anticipated to grow at the highest CAGR of around 7.4% over the forecast period
The component segment is divided into software, frame grabber, camera, processor, lighting equipment.Cameras are becoming lighter, smaller, and less costly, which is projected to fuel future demand. The camera segment is anticipated to grow at the highest CAGR of around 7.4% over the forecast period. Also, the pictures produced have more accuracy and sharpness. Furthermore, demand for smart cameras is growing across manufacturers of small and medium scale, as they can be conveniently integrated with existing manufacturing infrastructure. Also, cameras are now being updated periodically as per resolution and frame rate. Although other components find replacements, the camera and software stay unreplaced.
The computer system segment held the largest market share of around 62.05% and a market value of around USD 2.14 billion in 2020
The system segment includescomputer system and camera system.Computer-based surface inspection systems can perform dynamic operations at reasonably fast speeds and typically have higher processing capacity that helps them to manage unpredictable variables in some tasks.The computer system segment held the largest market share of around 62.05% and a market value of around USD 2.14 billion in 2020.
The 3D segment is expected to grow at the highest CAGR of around 7.5% over the forecast period
The surface type segment is divided into2D and 3D. 3D surface inspection system overcomes the disadvantages of a number of 2D surface inspection systems. In contrast, 3D systems are invariant, and 3D inspection, therefore, allows for stable detection of minute dents and flaws that look similar to target patterns that are difficult to distinguish from conventional 2D images. Therefore, the camera segment is anticipated to grow at the highest CAGR of around 7.5% over the forecast period.
The automotive segment emerged as the leader with the largest market share of around 21.02% and a market value of around USD 727.25 Million in 2020
The vertical segment includes semiconductor, automotive, paper & wood, electrical & electronics, glass & metal, plastic & rubber, food & packaging, medical &pharmaceuticals, printing, non-woven, postal & logistics. Because the automobile sector has always embraced automation in the production processes from the production line and robot-supported manufacturing until today's fourth industrial revolution, the automobile industry is also the main global consumer of surface inspection technology. Therefore, the automotive segmentemerged as the leader with the largest market share of around 21.02% and a market value of around USD 727.25 million in 2020.
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Regional Segment Analysis of the Surface Inspection Market
• North America (Canada, U.S., Mexico)
• Europe (France, Germany, U.K., Italy, Spain, Rest of Europe)
• South America (Brazil and Rest of South America)
• Asia-Pacific (Japan, China, India, Rest of APAC)
• Middle East and Africa (UAE, South Africa, Rest of MEA)
Because North America region is a center for the IT industry and offers reliable assistance to surface inspection firms for the integration of artificial intelligence. Also, automobile is another prominent industry in North America, which is driving the global surface inspection market in the region.The North America region emerged as the largest market for the surface inspection with a 36.24% share and a market value of about USD 1.24 billion in 2020. Also because of the low cost of production, the convenient supply of skilled labour, lenient pollution & safety regulations and Foreign Direct Investment (FDI) policy initiatives, Asia Pacific is anticipated to be the fastest-growing region.
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About the report:
The global surface inspection market is analysed on the basis of value (USD billion).All the segments have been analyzed on global, regional and country basis. The study includes an analysis of more than 30 countries for each segment. The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The study includes porter’s five forces model, attractiveness analysis, raw material analysis, supply, demand analysis, competitor position grid analysis, distribution and marketing channels analysis.
About The Brainy Insights:
The Brainy Insights is a market research company, aimed at providing actionable insights through data analytics to companies to improve their business acumen. We have a robust forecasting and estimation model to meet the clients' objectives of high-quality output within a short span of time. We provide both customized (clients' specific) and syndicate reports. Our repository of syndicate reports is diverse across all the categories and sub-categories across domains. Our customized solutions are tailored to meet the clients' requirement whether they are looking to expand or planning to launch a new product in the global market.
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