Dublin, July 19, 2024 (GLOBE NEWSWIRE) -- The "Industrial Automation in Food Safety and Inspection Industry - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Industrial Automation in Food Safety and Inspection Industry was valued at an estimated US$2.6 Billion in 2023 and is projected to reach US$3.3 Billion by 2030, growing at a CAGR of 3.6% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
In the coming years, the integration of AI and predictive analytics in food automation systems is expected to make rapid gains. The technologies utilize data from various sources to forecast potential risks and optimize production processes, enabling proactive management of food quality and safety. The adoption of advanced imaging technologies, such as hyperspectral imaging, which enhances the detection of contaminants and foreign materials, is poised to grow. The use of non-contact automation solutions is on the rise, offering greater flexibility and reliability in harsh environments.
Additionally, the focus on improving traceability through real-time tracking systems is gaining momentum, helping businesses manage recalls more efficiently and comply with stringent regulatory requirements. These trends highlight the ongoing evolution and innovation in automation technologies, driving the future growth of the food industry by ensuring higher standards of safety and quality.
Key Questions Answered:
- How is the Global Industrial Automation in Food Safety and Inspection Industry Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Machine Vision Technology segment, which is expected to reach US$1.4 Billion by 2030 with a CAGR of a 4.4%. The X-Ray Inspection Technology segment is also set to grow at 2.8% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $712.5 Million in 2023, and China, forecasted to grow at an impressive 6.9% CAGR to reach $702.4 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Advantech Co. Ltd., CASSEL Messtechnik GmbH, Cognex Corp., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 179 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $2.6 Billion |
| Forecasted Market Value (USD) by 2030 | $3.3 Billion |
| Compound Annual Growth Rate | 3.6% |
| Regions Covered | Global |
MARKET OVERVIEW
- Influencer Market Insights
- Global Economic Update
- Industrial Automation in Food Safety and Inspection Industry - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
MARKET TRENDS & DRIVERS
- Rising Consumer Demand for Food Safety Expands Addressable Market Opportunity
- Advances in AI and Machine Learning Spur Innovations in Food Inspection
- Integration of IoT Devices Strengthens Business Case for Automated Systems
- Enhanced Traceability Requirements Drive Adoption of Automation Technologies
- Increasing Regulatory Requirements Propel Growth in Automation Adoption
- Technological Innovations in Hyperspectral Imaging Propel Market Growth
- Growing Emphasis on Reducing Food Waste Expands Market Potential
- Automation Solutions for Real-Time Monitoring Accelerate Demand
- Here`s How Enhanced Safety Protocols Propel Adoption in Food Processing
- Automation in Traceability Systems Spurs Growth in Compliance Solutions
- Public Awareness of Food Safety Issues Throws the Spotlight on Advanced Technologies
- Integration with Existing Food Safety Systems Enhances Market Dynamics
- Collaborative Robotics (Cobots) Generate New Opportunities in Food Safety
- Real-Time Data Collection and Analysis Sustain Growth in Food Inspection
- Expanding Use of Cloud-Based Solutions Strengthens Business Case
- Focus on Minimizing Human Error Drives Adoption of Automated Systems
- Evolving Food Safety Standards Shape Market Trends
FOCUS ON SELECT PLAYERS (Total 38 Featured)
- Advantech Co. Ltd.
- CASSEL Messtechnik GmbH
- Cognex Corp.
- Datalogic SpA
- Inspection Systems Pty Ltd.
- JBT Corporation
- KPM Analytics
- Kurabo Industries Ltd
- Loma Systems
- Mettler-Toledo, LLC
- Peco InspX
- TDI PACKSYS
- Teledyne Imaging
- Thermo Fisher Scientific Inc.
- Verista
For more information about this report visit https://www.researchandmarkets.com/r/bgjkvs
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