MarketsandMarkets Presents Surface Inspection Market by Component (Camera, Frame Grabber, Processor, Software), Surface Type (2D and 3D), System (Computer System and Camera System), Deployment Type (Traditional, Robotic Cell), Vertical, and Geography - Global Forecast to 2025 The surface inspection market to grow from USD 3.7 billion in 2020 to USD 5.3 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 7.4%
MarketsandMarkets Presents The performance of surface inspection systems depends on features of its components such as cameras, image processors, and software. Technological Improvements in cameras, robust software and more powerful image processors are driving the market as industrial applications are also increasing in complexity. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=192440286 With these advancements, the surface inspection systems are capable of handling applications in various industries such as semiconductor, automobile, electrical & electronics, glass & metal, food, medical & pharmaceutical and plastic. Increasing wages in various countries such as the UK, China, Spain, South Korea, and Israel, is also driving the market. This is because the companies are moving towards automation to reduce costs.
MarketsandMarkets Presents Automotive Industry held the largest share in the surface inspection market in 2019. The automotive industry requires surface inspection of complex parts such as cylinder bores and crankcases, and reflective painted parts, which are difficult to inspect with the human eye. Surface inspection systems are also required for areas inaccessible to humans and for applications that cause health hazards.
MarketsandMarkets Presents Software is estimated to grow at the highest CAGR during the forecast period. Development in hardware is expected to reach saturation earlier, after which any innovation will have to be provided by the software. It is software that is responsible for making complex 3D technology feasible and allowing the use of multiple cameras for an application.
MarketsandMarkets Presents APAC expected to grow at highest CAGR during the forecast period APAC, being a major market, consists of a diverse range of economies with varying levels of development and the presence of various manufacturers. APAC is estimated to grow at the highest CAGR during the forecast period due to the high industrialization in China, Japan, and South Korea
MarketsandMarkets Presents Major companies in the surface inspection market include ISRA Vision (Germany), Ametek (US), Omron (Japan), Teledyne Technologies (US), Panasonic (Japan), Keyence (Japan), Datalogic (Italy), Matrox (Canada), IMS Messsysteme (Germany) and Vitronic (Germany).
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