The Surface Vision And Inspection Global Market Report 2023, provides comprehensive information on the surface vision and inspection market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Surface Vision And Inspection Global Market Report 2023, the market size is expected to grow from$2.47 billion in 2022 to $2.75 billion in 2023 at a compound annual growth rate (CAGR) of 11.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The surface vision and inspection market size is expected to grow to $4.09 billion in 2027 at a CAGR of 10.4%.
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Technological advancements are a key trend in the surface vision and inspection market. Major companies operating in the surface vision and inspection market are coming up with new technologies to sustain their position in the surface vision and inspection market. For instance, in January 2020, Omron Corporation, a Japan-based electronics company operating in the surface vision and inspection market, launched MicroHAWK V/F400 and V/F300 Series smart cameras to simplify applications by combining vision inspection and code reading into a single, highly compact device. The V/F400 and V/F300 Series reduce hardware costs and the amount of time needed for commissioning and maintenance by combining multiple capabilities into a single unit. A high-resolution 5-megapixel color camera with liquid lens autofocus and other potent technologies ensures exceptional precision while encouraging greater flexibility in production line layouts. This new product also has cutting-edge autofocus technology that is perfect for inspecting products that vary in size, shape, or inspection type.
The surface vision and inspection market 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
Asia-Pacific was the largest region in the surface vision and inspection market in 2022.
The table of contents in TBRC’s surface vision and inspection market report includes:
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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