Categories: Market Research

Defect Detection Market 2024 : Industry Analysis, Trends, Segmentation, Regional Overview And Forecast 2033

The Defect Detection Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

Learn More On The Defect Detection Market:
https://www.thebusinessresearchcompany.com/report/defect-detection-global-market-report

According to The Business Research Company’s Defect Detection Global Market Report 2024, The defect detection market size has grown strongly in recent years. It will grow from $3.58 billion in 2023 to $3.88 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%. The growth in the historic period can be attributed to quality assurance emphasis, cost of quality, regulatory standards, rise in complex manufacturing processes, demand for high-quality products, globalization of supply chains, increased competition..

The defect detection market size is expected to see strong growth in the next few years. It will grow to $5.2 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to focus on zero-defect manufacturing, integration with production processes, industry-specific solutions, data analytics for predictive maintenance, demand for real-time detection, customization and flexibility.. Major trends in the forecast period include advancements in sensor technologies, automation and ai integration, quality control in manufacturing, increased use of computer vision, integration of deep learning, remote inspection and monitoring, collaboration with cloud services..

Stringent health and safety measures imposed by governments are expected to propel the growth of the defect detection market going forward. Regulation refers to the imposition of rules by the government, accompanied by penalties specifically intended to change private sector economic behaviors. The government of Australia imposed some health and safety measures that increased the demand for defect detection. For instance, in January 2022, the US Supreme Court granted a stay on OSHA’s (Occupational Safety and Health Administration) COVID-19 vaccine mandate for private employers with 100 or more employees. The court ruled that OSHA’s mandate exceeds its statutory authority and is otherwise unlawful. Therefore, stringent health and safety measures imposed by governments are driving the growth of the defect detection market.

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The defect detection market covered in this report is segmented –

1) By Offering: Hardware, Software, Services
2) By Application: Manufacturing, Packaging
3) By Vertical: Automotive, Electronics And Semiconductors, Metals And Machinery, Food And Packaging, Pharmaceuticals

Technological advancements are a key trend gaining popularity in the defect detection market. Major companies operating in the defect detection market are focused on developing new technological solutions to strengthen their position. For instance, in August 2021, Datalogic, an Italian company working in the automatic data capture and process automation markets, launched an MFDS solution for monitoring non-conveyable products in a non-singulated flow. The Mass Flow Detection System (MFDS) is an advanced solution that enables automated data collection for non-conveyable parcels. In the ‘non-conveyable’ parcel sector, large items have increased significantly, even more than traditional parcels, and are subject to manual treatment, creating a labor-intensive process.

The defect detection market report table of contents includes:

1. Executive Summary
2. Defect Detection Market Characteristics
3. Defect Detection Market Trends And Strategies
4. Defect Detection Market – Macro Economic Scenario
5. Global Defect Detection Market Size and Growth
………………………..
31. Global Defect Detection Market Competitive Benchmarking
32. Global Defect Detection Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Defect Detection Market
34. Defect Detection Market Future Outlook and Potential Analysis
35. Appendix

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