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Global Surface Vision and Inspection Market to reach USD 4.40 billion by the end of 2029.

Global Surface Vision and Inspection Market Size study & Forecast, by Components (Hardware, Software) by Application (Automotive, Electronics & Electrical, Medical, Food & Beverages, Logistics & Postal Sorting, Others) and Regional Analysis, 2022-2029

Product Code: EESC-70941797
Publish Date: 17-10-2022
Page: 200

Global Surface Vision and Inspection Market is valued approximately USD 2.41 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 7.8% over the forecast period 2022-2029. For the monitoring of surface, ongoing inspection, and surveillance implementations, surface vision and inspection systems can be used. Surface vision and inspection look for joints, textures, holes, cracks, scratches, and dents that occur during production and international shipping. All manufacturing processes now include quality management systems (QMS), which is common across all industries. To preserve consistency in design and development, manufacturers of automobiles, steel, semiconductors, and other products are progressively embracing QMS. Along with this, rise in pharmaceutical and semiconductor manufacturers over the world is driving the growth for the market over the forecasted period. Moreover, technological advancement in the surface vision and inspection market is creating lucrative growth opportunity in the market. Integration of AI with surface vision and inspection is driving the growth for the market.

For instance, camera manufacturing company JAI A/S based in Denmark company provides cameras to the pharmaceutical industry for detecting missing tablets, broken blister sealing, etc. to maintain quality assurance. The cameras are integrated with 3-sensor imaging technique that provides precise spatial resolution and accurate edge detection which helps to address/resolve smaller problems. However, the shortage of technically skilled persons is restraining the market growth over the forecast period of 2022-2029.

The key regions considered for the Global Surface Vision and Inspection Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the space in terms of revenue, the expansion can be attributable to rising demand from pharmaceutical and cosmetic companies. The government has adopted a sophisticated inspection system as a result of its severe product quality standards. The food and beverage business are embracing machine vision technology, which is assisting participants in increasing production efficiency, quality, and safety. Asia Pacific is expected to grow significantly during the forecast period, owing to the growing demand for surface vision & inspection systems is being driven by elements including the quick industrialization of developing nations, the existence of significant semiconductor, electronics, and automotive manufacturers, and the creation of quality standards regulations. Additionally, growing assembly line investment together with the industry’s approach to factory automation to achieve high efficiency & minimize human error is supporting industry growth in the area.
Major market player included in this report are:
Baumer Inspection
Adept Technology, Inc
Cognex Corporation
Edmund Optics Inc
ETS SuperVision BV
Industrial Vision Systems Ltd.
Microscan Systems Inc.
Matrox Imaging
Vitronic GmbH
Omron Corporation

Recent Developments in the Market:
 In February 2022, Biocon announced the acquisition of Viatris’ biosimilar portfolio for USD 3.335 billion. This acquisition strengthened Biocon’s biosimilar Components portfolio and improved its revenue generation.
 In October 2021, the unveiling of a new Surface Inspection System, which is intended to improve inspection systems and decrease downtime, was announced by AMETEK, Inc., a producer of electronic equipment with headquarters in the United States.
 In September 2020, Industrial Vision Systems launched a smart AI vision sensor which is majorly used for tracking the parts of machine.
Global Surface Vision and Inspection Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Components, Application, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Components offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Components:
Hardware
Software

By Application:
Automotive
Electronics & Electrical
Medical
Food & Beverages
Logistics & Postal Sorting
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. Surface Vision And Inspection Market, by Region, 2019-2029 (USD Billion)
1.2.2. Surface Vision And Inspection Market, by Components, 2019-2029 (USD Billion)
1.2.3. Surface Vision And Inspection Market, by Application, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Surface Vision And Inspection Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Surface Vision And Inspection Market Dynamics
3.1. Surface Vision And Inspection Market Impact Analysis (2019-2029)
3.1.1. Market Drivers
3.1.1.1. Rising demand for Quality management systems
3.1.1.2. Growing pharmaceutical and semiconductor manufacturers
3.1.1.3. Rising demand for senser technology
3.1.2. Market Challenges
3.1.2.1. Shortage of technically skilled professionals
3.1.3. Market Opportunities
3.1.3.1. Technological advancement in the surface vision and inspection
Chapter 4. Global Surface Vision And Inspection Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Investment Adoption Model
4.5. Analyst Recommendation & Conclusion
4.6. Top investment opportunity
4.7. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Surface Vision And Inspection Market, by Components
6.1. Market Snapshot
6.2. Global Surface Vision And Inspection Market by Components, Performance – Potential Analysis
6.3. Global Surface Vision And Inspection Market Estimates & Forecasts by Components 2019-2029 (USD Billion)
6.4. Surface Vision And Inspection Market, Sub Segment Analysis
6.4.1. Hardware
6.4.2. Software
Chapter 7. Global Surface Vision And Inspection Market, by Application
7.1. Market Snapshot
7.2. Global Surface Vision And Inspection Market by Application, Performance – Potential Analysis
7.3. Global Surface Vision And Inspection Market Estimates & Forecasts by Application 2019-2029 (USD Billion)
7.4. Surface Vision And Inspection Market, Sub Segment Analysis
7.4.1. Automotive
7.4.2. Electronics & Electrical
7.4.3. Medical
7.4.4. Food & Beverages
7.4.5. Logistics & Postal Sorting
7.4.6. Others
Chapter 8. Global Surface Vision And Inspection Market, Regional Analysis
8.1. Surface Vision And Inspection Market, Regional Market Snapshot
8.2. North America Surface Vision And Inspection Market
8.2.1. U.S. Surface Vision And Inspection Market
8.2.1.1. Components breakdown estimates & forecasts, 2019-2029
8.2.1.2. Application breakdown estimates & forecasts, 2019-2029
8.2.2. Canada Surface Vision And Inspection Market
8.3. Europe Surface Vision And Inspection Market Snapshot
8.3.1. U.K. Surface Vision And Inspection Market
8.3.2. Germany Surface Vision And Inspection Market
8.3.3. France Surface Vision And Inspection Market
8.3.4. Spain Surface Vision And Inspection Market
8.3.5. Italy Surface Vision And Inspection Market
8.3.6. Rest of Europe Surface Vision And Inspection Market
8.4. Asia-Pacific Surface Vision And Inspection Market Snapshot
8.4.1. China Surface Vision And Inspection Market
8.4.2. India Surface Vision And Inspection Market
8.4.3. Japan Surface Vision And Inspection Market
8.4.4. Australia Surface Vision And Inspection Market
8.4.5. South Korea Surface Vision And Inspection Market
8.4.6. Rest of Asia Pacific Surface Vision And Inspection Market
8.5. Latin America Surface Vision And Inspection Market Snapshot
8.5.1. Brazil Surface Vision And Inspection Market
8.5.2. Mexico Surface Vision And Inspection Market
8.6. Rest of The World Surface Vision And Inspection Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Baumer Inspection
9.2.1.1. Key Information
9.2.1.2. Overview
9.2.1.3. Financial (Subject to Data Availability)
9.2.1.4. Product Summary
9.2.1.5. Recent Developments
9.2.2. Adept Technology, Inc
9.2.3. Cognex Corporation
9.2.4. Edmund Optics Inc
9.2.5. ETS SuperVision BV
9.2.6. Industrial Vision Systems Ltd.
9.2.7. Microscan Systems Inc.
9.2.8. Matrox Imaging
9.2.9. Vitronic GmbH
9.2.10. Omron Corporation
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

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Market driving trends and favorable economic conditions
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Technological advancements and projected developments in the market
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Shifts in consumer preferences and behaviors.
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