Surface Vision And Inspection Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends

overview

Overview and Scope
Surface vision and inspection refer to a non-destructive method of inspecting topographical details and locating suspected defects on an article’s surface. It is used for the real-time detection of surface flaws or features using angled lighting and smart cameras.

Sizing and Forecast
The surface vision and inspection market size has grown strongly in recent years. It will grow from <b>$2.74 billion in 2023 to $3.01 billion in 2024 at a compound annual growth rate (CAGR) of 9.8%. </b> The growth in the historic period can be attributed to quality control imperative, manufacturing efficiency, consumer expectations, increasing demand for automation and robotics, expanded applications in diverse industries.

The surface vision and inspection market size is expected to see strong growth in the next few years. It will grow to <b>$4.27 billion in 2028 at a compound annual growth rate (CAGR) of 9.2%. </b> The growth in the forecast period can be attributed to ai and machine learning, customized solutions, globalization of production, sustainability initiatives, data analytics and predictive maintenance.. Major trends in the forecast period include advanced ai-powered inspection, 3d surface inspection, augmented reality (ar) assistance, iot-enabled inspection, robotics integration.

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Segmentation & Regional Insights
The surface vision and inspection market covered in this report is segmented –

1) By Type: Computer Systems, Camera Systems
2) By Component: Hardware, Software
3) By Application: Automotive, Semiconductor, Electronics and Electrical, Healthcare or Pharmaceutical, Food and Beverages, Logistics and Postal Sorting, Metal, Rubber and Plastics, Wood and Paper, Printing, Other Applications

<b>Asia-Pacific</b> was the largest region in the surface vision and inspection market share in 2023. <b>Europe</b> is expected to be the fastest-growing region in the forecast period. The regions covered in the surface vision and inspection market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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Major Driver Impacting Market Growth
Rapid industrialization is expected to propel the growth of the surface vision and inspection market going forward. Industrialization refers to the process by which an economy is transformed from a primarily agricultural one to one based on the manufacturing of goods. Surface vision and inspection help industrialization by autonomously confirming the visual and cosmetic quality of products. For instance, according to India Brand Equity Foundation, an Indian Government export promotion agency, the appliances and consumer electronics (ACE) market in India is expected to grow from USD 10.93 billion in 2021 to USD 21.18 billion by 2025. India has the potential to become a global manufacturing hub and by 2030, it can add more than USD 500 billion annually to the global economy. Therefore, rapid industrialization is driving the growth of the surface vision and inspection market.

Key Industry Players
Major companies operating in the surface vision and inspection market include <b> Omron Corporation, Ametek Inc., Edmund Optics Inc., Isra Vision AG, Industrial Vision Systems Ltd., Cognex Corporation, Perceptron Inc., Adept Technology Inc., Keyence Corporation, Daitron Inc., Flexfilm Ltd., Comvis AG, Teledyne Technologies Inc., Allied Vision Technologies GmbH, National Instruments Corporation, SICK AG, Banner Engineering Corp., Baumer Electric AG, ETS SuperVision BV, Panasonic Corporation, AMETEK Surface Vision, Matrox Imaging Ltd., Shenzhen Sipotek Technology Co. Ltd., Stemmer Imaging AG, Vitronic GmbH, Sipotek, Teledyne DALSA, Microscan Systems Inc., Basler AG, Sony Corporation </b>

The surface vision and inspection market report table of contents includes:

1. Executive Summary

2. Surface Vision And Inspection Market Characteristics

3. Surface Vision And Inspection Market Trends And Strategies

4. Surface Vision And Inspection Market – Macro Economic Scenario

5. Global Surface Vision And Inspection Market Size and Growth
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31. Global Surface Vision And Inspection Market Competitive Benchmarking

32. Global Surface Vision And Inspection Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Surface Vision And Inspection Market

34. Surface Vision And Inspection Market Future Outlook and Potential Analysis

35. Appendix

Top Major Players:

Omron Corporation

Ametek Inc

Isra Vision AG

Industrial Vision Systems Ltd

Cognex Corporation

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