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Increasing use of smart cameras and advanced image processors and surface inspection system integration with AI, industrial internet of things, cloud services
VANCOUVER, BC, CANADA, March 30, 2022 /EINPresswire.com/ — 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, according to latest analysis by Emergen Research. 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.
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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.
Global Surface Inspection Market research report offers a panoramic view of the Surface Inspection market, regulatory framework, and macro- and micro-economic factors that influence the growth of the industry. The report strives to offer authentic information about the Surface Inspection market size, share, product portfolio, revenue estimations, and growth rate. The report has been formulated through extensive primary and secondary research along with verified and reliable data obtained from industry experts and professionals.
Top Companies Operating in the Surface Inspection Market and Profiled in the Report are:
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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Additionally, the report covers the analysis of the key players in the industry with a special focus on their global position, financial status, and their recent developments. Porter’s Five Forces Analysis and SWOT analysis have been covered by the report to provide relevant data on the competitive landscape.
Detailed Regional Analysis covers:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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)
2D
3D
Component Outlook (Revenue, USD Billion; 2018–2028)
Software
Hardware
Cameras
Lighting Equipment
Processors
Optics
Frame Grabbers
Others
System Outlook (Revenue, USD Billion; 2018–2028)
Camera-based
PC- based
Deployment Type Outlook (Revenue, USD Billion; 2018–2028)
Robotic Cells
Traditional Systems
End-Use Outlook (Revenue, USD Billion; 2018–2028)
Automotive
Electrical & Electronics
Food & Beverage
Healthcare
Printing
Logistics
Others
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Key Findings 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.
Objectives of the Report:
Study of the global Surface Inspection market size by key regions, types, and applications with reference to historical data (2017-2019) and forecast (2021-2028)
Industrial structure analysis of the Surface Inspection market by identification of various sub-segments
Extensive analysis of key market players along with their SWOT analysis
Competitive landscape bench marking
Analysis of Surface Inspection market based on growth trends, futuristic outlook, and contribution to the total growth of the market
Analysis of drivers, constraints, opportunities, challenges, and risks in the global Surface Inspection market
Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances
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