Surface Vision and Inspection Market Forecasts to 2028 – Global Analysis By System Type (Computer System and Camera System), Surface Type (2D, 3D), Component (Software, Frame Grabber, Camera, Optics, Lighting and Other Components), Deployment (Traditional Surface Inspection Systems and Robotic Cells), Application and By GeographyAccording to Stratistics MRC, the Global Surface Vision and Inspection Market is accounted for $ 3.59 billion in 2022 and is expected to reach $ 7.18 billion by 2028 growing at a CAGR of 12.26% during the forecast period. Surface vision and inspection is a non-destructive technique for seeing potential flaws on an object's surface while it is still in the production cycle. It uses specialised cameras, lighting systems, and other equipment to accurately and automatically detect flaws. Currently, it is widely used to verify that manufactured goods satisfy the anticipated aesthetic features in a variety of end use sectors around the world. For instance, it is applied in the automobile sector to examine the texture, roughness, and correct finishing of unsold autos.
According to data from Energy Monitor, automakers in Germany produced 53,221 electric vehicles in July 2021. Factors such as these could also generate growth opportunities for the regional market players, owing to the deployment of surface inspection systems to examine chips and scratches in car wheels, among other applications.
Market Dynamics:
Driver:
Growing demand for quality assurance and advancements in vision technology
The market for surface vision and inspection is expanding as a result of rising need for automation and quality control as well as improvements in vision technology. The market is once more being driven by increased system installation across manufacturing industries for lowering overall operating costs. Additionally, the market is expanding as a result of the quick industrialization occurring in developing nations. The market for surface vision and inspection is expected to increase as a result of these systems' ability to decrease waste, boost production efficiency, and lower production costs.
Restraint:
Changing consumer demand and requirements is a key factor hindering the growth of the market
A significant barrier to the market's expansion is the shifting demands and requirements of consumers. Keeping up with the changing consumer demand is difficult and also time consuming. This factor lowers the production and restraints growth of the market.
Opportunity:
Growing popularity of 3D vision
Potential prospects are anticipated to arise from the solutions like 3D vision employing laser triangulation becoming more and more common across numerous industries, including semiconductor, solar cells, printing, automotive, and semiconductor printing. This technique is economical because it makes use of numerous cameras, which is why it is becoming more popular. Additionally, the efficiency and accuracy of these technologies dramatically lower production costs. This raises product quality even higher.
Threat:
Ensuring the level of quality
Maintaining a high level of quality, especially in the long run, is a difficult task. Consequently, the laws and regulations have also been tightened. As a result, quality control has become a critical component for manufacturing.
Covid-19 Impact
The COVID-19 pandemic has had a significant influence on global industry verticals, including electronics and electrical, particularly during the pandemic's peak. In middle- and low-income nations, sales of electrical and electronic equipment decreased by 30% as a result of the pandemic, according to UNITAR. In the beginning, these factors might have impeded the surface vision and inspection sector, particularly in electronics applications. Due to the rising need for vaccinations and the employment of surface inspection cameras for the quality monitoring of vaccine vials, the industry may, however, regain momentum in the medical sector in the years to come.
The camera segment is expected to be the largest during the forecast period
Based on the component, the market is classified Software, Frame Grabber, Camera, Optics, Lighting and Other Components. The camera segment is projected to control the global surface vision and inspection market and most liable explanation for the majority of the share during the forecast period. Owing to increasing demand for high-quality images, image processing, and compactness. Digital sensors are integrated into industrial cameras with specific lenses. The quality of the images that are captured by the cameras determines how well surface vision and inspection systems operate. System hardware and software can process, analyse, and measure different properties in more detail and come to relevant conclusions thanks to high-quality images. They would be able to carry out uniformity tests and find flaws like hairline scratches on glass and foreign objects, imperceptible dents, or even fingerprints on gadget surfaces that human inspectors would miss.
The medical & pharmaceuticals segment is expected to have the highest CAGR during the forecast period
Based on the application, the market is segmented into Food & Beverages, Automotive, Medical & Pharmaceuticals, Electrical & Electronics, Postal & Logistics and Other Applications. The medical & pharmaceuticals segment is captured to be more profitable and predicted to record a strong CAGR during the forecast period. The medical& pharmaceuticals segment will have a significant share of the surface vision and inspection business by 2028, owing to the increased reliance on IV therapy. The growing use of IV bars will contribute to the segmental expansion in the years to come given the major usage of surface defect inspectors in medical tubing. The significant increase in pharmaceutical product sales would also increase demand for the goods because medical and pharmaceutical packaging with surface flaws could damage consumers' health.
Region with highest share:
North America is anticipated to hold the highest share during the forecast period. The expansion can be attributable to rising demand from pharmaceutical and cosmetic companies. The government has adopted a sophisticated inspection system as a result of its severe product quality standards. The use of machine vision technology is becoming standard practise in the food and beverage sector and is assisting producers in improving productivity, product quality, and worker safety. Thus, the region's surface vision and inspection system market is expected to rise as a result of the increased demand for quality and regulatory compliance.
Region with highest CAGR:
The Asia Pacific surface vision and inspection market is one of the fastest-growing regions and also records highest CAGR during the forecast period. The demand for surface vision & inspection systems is being driven by the quick industrialization of developing nations, the existence of significant semiconductor, electronics, and automotive manufacturers, and the establishment of quality standards regulations. Additionally, growing assembly line investment together with the industry's approach to factory automation to achieve high efficiency & minimise human error is supporting industry growth in the area.
Key players in the market
Some of the key players profiled in the Surface Vision and Inspection Market include AMETEK, Surface Vision, Baumer Inspection, Cognex Corporation, Comvis AG, Daitron Inc., Edmund Scientific Corporation, ETS SuperVision BV, Flexfilm Ltd., Isra Vision AG, Industrial Vision Systems Ltd., Keyence Corporation, Matrox Imaging Ltd., Microscan Systems, Inc, Omron Corporation, Panasonic Corporation, Perceptron Inc, Shenzhen Sipotek Technology Co., Ltd., Stemmer Imaging AG, Teledyne DALSA Inc, Vitronic GmbH
Key Developments:
June 2019 - Mitutoyo Corporation acquired Linkwiz Inc., that develops and sells control system software with proprietary algorithms for industrial robots. L-QUALIFY is a production-line inspection software developed by Linkwiz Inc. and is being adopted by major companies including auto manufacturers.
January 2019 - Omron launched VT-M121, a 2D dimension and visual inspection machine that is expected to perform simultaneous dimension and visual inspection to detect scratches and cracks on products.
January 2019 - Matrox Imaging added a new representative from New Midwestern US to their global network of distributors and integrators.
System Type Covered:
• Computer System
• Camera System
Surface Type Covered:
• 2D
• 3D
Component Covered:
• Software
• Frame Grabber
• Camera
• Optics
• Lighting
• Other Components
Deployment Covered:
• Traditional Surface Inspection Systems
• Robotic Cells
Application Covered:
• Food & Beverages
• Automotive
• Medical & Pharmaceuticals
• Electrical & Electronics
• Postal & Logistics
• Other Applications
Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa
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