What Size will the Defect Detection Market Reach by 2025, and What will Drive Its Growth?
The defect detection market size has shown impressive growth in recent years. Estimated at $3.84 billion in 2024, it is expected to grow to $4.15 billion in 2025, exhibiting a Compound Annual Growth Rate (CAGR) of 7.9%. The growth during the historic period is primarily driven by a heightened emphasis on quality assurance, cost of quality, regulatory standards, increased complexity in manufacturing processes, demand for high-quality products, globalization of supply chains, and heightened competition.
The market is anticipated to witness strong growth in the coming years, estimated to reach $5.58 billion in 2029, a CAGR of 7.7%. The forecast period sees growth attributed to a 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 expected in the forecast period include advancements in sensor technologies, automation, and AI integration, increased use of computer vision, integration of deep learning, remote inspection and monitoring, and collaboration with cloud services.
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What are the Factors that Propel the Growth of the Defect Detection Market?
Stringent measures in health and safety imposed by governments are expected to significantly drive growth in the defect detection market. Regulation, characterized by governmental impositions of rules and associated penalties, is typically created to modify economic behavior within the private sector. As an example, the Australian government has instigated health and safety regulations boosting demand for defect detection. In the US, the Supreme Court in January 2022, granted a stay on OSHA’s COVID-19 vaccine mandate for private employers with over 100 employees, ruling that the mandate exceeded OSHA’s statutory authority and was otherwise unlawful. The stringent regulations comprising health and safety measures by governments are driving the growth of the defect detection market.
What Segments comprises the Defect Detection Market?
The defect detection market segments covered in the report are as follows:
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
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Which are the Key Players in the Defect Detection Market?
Major companies operating in the defect detection market include Microsoft Corporation, Cognex Corporation, IBM Corporation, Omron Corporation, ABB India Ltd., Adlink Technology Inc., Allied Vision Technologies Private Limited, AMETEK Inc., Banner Engineering Corp., Basler AG, Datalogic SpA, Hermary Opto Electronics Inc., Hangzhou Hikvision Digital Technology Co. Ltd., IDS Imaging Development Systems GmbH, Isra Vision AG, Key Technology Inc., Keyence Corporation, LMI Technologies Inc., Matrox Electronic Systems Ltd., National Instruments Corp., Radiant Vision Systems LLC, Raptor Photonics Ltd., Sick AG, Sony Group Corp., Teledyne DALSA Corp., Vayyar Imaging Ltd., Vitronic Machine Vision Ltd.
What Emerging Trends are Shaping the Defect Detection Market?
Technological advancements are a significant trend gaining popularity in the defect detection market. Major companies in the market are focusing on developing new technological solutions to solidify their market position. For instance, Hitachi High-Tech, a Japan-based technology company, launched their Hitachi Dark Field Wafer Defect Inspection System DI4600 in December 2023. Designed for the inspection of particles and defects on patterned wafers in semiconductor production lines, it boasts improved detection capabilities due to the integration of a dedicated server that adds significantly improved data processing power for identifying particles and defects.
Which Region is Predominant in the Defect Detection Market?
In 2024, Asia-Pacific was the largest region in the defect detection market. The report covers regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Defect Detection Market Report 2025 Offer?
Defect detection refers to the process of identifying and analyzing imperfections or flaws in products, materials or systems. Predominantly used in manufacturing, quality control, and maintenance, it ensures that standards of functionality, reliability, and appearance are met. The Defect Detection Market research report from The Business Research Company provides global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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