Surface Inspection Market Size, Scope, Growth, Competitive Analysis – Basler AG, ISRA Vision AG, Keyence Corporation
The global surface inspection market size reached USD 3.22 Billion in 2020 and is expected to register a revenue CAGR of 8.3%, during the forecast period. Increasing usage of smart cameras and powerful image processors, as well as increasing integration of surface inspection systems with Artificial Intelligence (AI), the Industrial Internet of Things (IIoT), and cloud services, are expected to continue to drive global surface inspection market revenue growth between 2021 and 2028.
Rising application of surface inspection systems in the automotive industry is also expected to propel revenue growth of the market during the forecast period. For preventing errors at all phases of manufacturing, the automotive industry is reliant on high-quality surface inspection systems. Various material and production-induced faults are captured by surface inspection systems. Surface scanning can be used to check defects in complicated parts such as crankcases, cylinder bores, and cylinder heads, and also surface parts like printed electronics and cylinder head gaskets.
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Emergen Research has recently published a detailed report on the global Surface Inspection market formulated through extensive primary and secondary research. The report offers in-depth knowledge and analysis of the Surface Inspection market through verified and validated data curated to offer accurate insights. The report also offers a region wise and country wise analysis of the Surface Inspection market and contains a detailed analysis of the key elements influencing the growth of the market in the region. The research study also contains historical, current, and forecast estimations for each sector, segment, sub-segment, and regions.
Key players in the market include Basler AG, ISRA Vision AG, Keyence Corporation, Omron Corporation, Cognex Corporation, Teledyne Technologies Inc., Matrox Electronic Systems Ltd., Datalogic S.p.A., AMETEK, Inc., and SICK AG
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The report further covers comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a complete understanding of the competitive landscape and scenario of each market player. The report also provides an in-depth analysis of the applications and product types offered in the market.
Emergen Research has segmented the global surface inspection on the basis of surface type, component, system, deployment type, end-use, and region:
Surface Type Outlook (Revenue, USD Billion; 2018–2028)
Component Outlook (Revenue, USD Billion; 2018–2028)
System Outlook (Revenue, USD Billion; 2018–2028)
Deployment Type Outlook (Revenue, USD Billion; 2018–2028)
End-Use Outlook (Revenue, USD Billion; 2018–2028)
Electrical & Electronics
Food & Beverage
Some Key Highlights from the Report
Software segment revenue is expected to expand at a significantly rapid CAGR during the forecast period. One of the major components of the surface inspection system is software. Image capture, processing, and analyzing operations are all controlled by software.
Automotive segment is expected to register a significantly robust revenue growth rate over the forecast period. Various large components, like door panels, must be inspected using several cameras in the automotive industry, driving revenue growth of the segment.
Asia Pacific is expected to account for a larger revenue share than other regional markets over the forecast period. Robust presence of key players including Omron Corporation and Keyence Corporation are among others in countries in the region is expected to drive market growth in Asia Pacific.
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The report further examines the market in the key regions of the world with regard to production and consumption patterns, import/export, supply and demand ratio, revenue generation, market share and size, and presence of prominent players in the regions. The report also covers the expansion plans undertaken by companies in the regions under the regional analysis section.
Key regions in the market include:
Rest of EU
Rest of APAC
Rest of Latin America
Middle East & Africa
Rest of MEA
Key Questions Addressed in the Report:
Who are the leading players in the Surface Inspection industry?
Which region is expected to dominate the market in the coming years?
What are the key applications of Surface Inspection?
Which segment is expected to garner traction during the coming years?
What are the key strategies adopted by leading players in the market?
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