Surface Inspection Market Size, Share, Opportunities, And Trends By Component (Camera, Optics, Processor, Software, Others), By Surface Type (2D, 3D), By End User Industry (Automotive, Consumer Electronics, Healthcare, Travel And Transport/Logistics, Others), And By Geography - Forecasts From 2024 To 2029
- Published : Jul 2024
- Report Code : KSI061610288
- Pages : 132
The surface inspection market is anticipated to grow at a CAGR of 5.78% over the forecast period to reach US$6.516 billion by 2029, increasing from estimated value of US$4.921 billion in 2024.
Surface inspection is the process of surface examination to find potential defects, flaws, or irregularities. It ensures a long service life for a product or commodity and uses directional lighting, smart cameras, software, and equipment to detect and correct surface defects. Such technology is usually used in the automotive industry to detect body or paint defects, and it also finds applicability in the electronics segment to correct surface defects.
The global surface inspection market is expected to grow steadily, mainly due to the increasing relevance of the automotive sector. Moreover, the stricter government regulations implemented in the automotive and healthcare industries are expected to drive up the market demand for surface inspection. The North American region is anticipated to hold a considerable market share due to the increasing advancements in automotive technology and the booming electronics industry.
Surface Inspection Market Drivers
- Growing applicability in road infrastructure inspection has positively impacted the market growth.
The increasing prevalence of road potholes can damage and create various issues on a vehicle, such as buckling wheels, cracks on the body, tire lumps, fractured alloys, suspension issues, tracking and wheel balancing issues, and many more. According to the American Automobile Association, the average pothole-related repair cost is US$406. Likewise, as per CAA-Quebec's April 2023 press release, the damage expense due to potholes ranges between $200 to $600 in Quebec, which has witnessed a significant 20% growth from 2020’s average cots. Such issues have raised concern regarding road surface inspection, enabling companies to develop inspections to cater to such needs.
Technological innovations such as Chromasens's release of the 3DPIXA RI stereo line-scan camera have made road surface inspection easy and efficient. When fitted on a typical vehicle, it can acquire high-resolution inline photographs of continuous road surfaces as broad as 14.4 feet in one pass. It can identify not only the width but also the depth of a pothole by creating a 3D model with a point cloud of the hole.
The technology would be significantly beneficial since manual road surface inspection is expensive and time-consuming. It requires professional workers to visually detect and record the location and severity of potholes and cracks and then report them to the maintenance department to fix them.
- Bolstering growth in the automotive sector has accelerated the overall market growth.
Surface inspection is used in the automotive sector to diagnose and repair paint and surface cracks or defects. The demand for new automobiles is expected to increase with the increasing developments in the automotive sector and the expanding adoption of electric vehicles. According to the International Organization of Motor Vehicle Manufacturers, worldwide vehicle sales in 2023 stood at 92.72 million, comprising over 65.27 million passenger vehicles. Owing to the advancements in the automotive industry, the surface inspection demand is also expected to increase.
Major automotive manufacturers such as BMW and Toyota are investing to improve their vehicle models' production scale and quality. For instance, in October 2022, DeGould installed its digital vehicle inspection system, “Auto-Compact”, at Toyota Motor Manufacturing Mississippi. The inspection system sets a benchmark for inspection metrics and improves the overall accuracy of the damage detection process. The installation would bolster Toyota’s “12th Generation Corolla” manufacturing process.
Likewise, in March 2022, the BMW Group started using automated surface processing in its Regensburg manufacturing facility to inspect, mark, and analyze the painted vehicle surface in series production.
Surface Inspection Market Geographical Outlook
- North America is expected to grow at a significant rate.
North America is predicted to constitute a considerable share of the market fuelled by the booming automotive and medical device manufacturing in nations, namely the United States and Canada. This has bolstered the market demand for surface inspection in such nations. According to the data provided by the International Organization of Motor Vehicle Manufacturers, in 2023, USA automotive production reached 10.61 million units, signifying a 5.6% increase over 2022’s production. Likewise, Canada and Mexico experienced significant growth of 26% and 13% compared to the previous year.
Surface Inspection Market Key Developments
- March 2024: Hitachi Hi-Tech Corporation launched the “LS9300AD” wafer surface inspection system equipped with dark-filed laser scattering detection and DIC (Differential Interference Contrast) function. The new surface inspection system would enable wafer manufacturers to inspect the front & back of non-patterned wafer surfaces.
- January 2024: HACARUS Corporation formed a collaboration with Mitsubishi Electric Corporation to develop an AI-based visual inspection system. This system will leverage Mitsubishi’s FA products and knowledge with HACARUS’s AI technology and will primarily focus on surface inspection in the manufacturing sector.
- September 2023: Printum Technology launched its fully automated “PEM Inspection & Cutting System”, equipped with a high-resolution inspection camera, web tension control, and low-friction swivel castors. The new system, owing to its unique functions, has set standards for material testing and high-precision surface inspection in major applications such as battery and automotive manufacturing.
- July 2023: Hexagon launched “Absolute Scanner AS1-XL”, a 3D laser scanner designed for large surface inspection. The product is based on SHINE technology, which allows it to boast ultra-wide scanning, making it ideal for deep cavity inspection on large surfaces such as large automotive castings, marine propellers, and aerospace panels.
Surface Inspection Market Scope:
Report Metric | Details |
Market Size Value in 2024 | US$4.921 billion |
Market Size Value in 2029 | US$6.516 billion |
Growth Rate | CAGR of 5.78% from 2024 to 2029 |
Study Period | 2019 to 2029 |
Historical Data | 2019 to 2022 |
Base Year | 2024 |
Forecast Period | 2024 – 2029 |
Forecast Unit (Value) | USD Billion |
Segments Covered |
|
Companies Covered |
|
Regions Covered | North America, South America, Europe, Middle East and Africa, Asia Pacific |
Customization Scope | Free report customization with purchase |
The Surface Inspection market is segmented and analyzed as:
- By Component
- Camera
- Optics
- Processor
- Software
- Others
- By Surface Type
- 2D
- 3D
- By End-User Industry
- Automotive
- Consumer Electronics
- Healthcare
- Travel and Transport/Logistics
- Others
- By Geography
- North America
- USA
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Others
- Europe
- Germany
- France
- United Kingdom
- Spain
- Others
- Middle East and Africa
- Saudi Arabia
- Israel
- South Africa
- Others
- Asia Pacific
- China
- Japan
- South Korea
- India
- Others
- North America
1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.5. Currency
1.6. Assumptions
1.7. Base and Forecast Years Timeline
1.8. Key Benefits for the Stakeholder
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Research Processes
3. EXECUTIVE SUMMARY
3.1. Key Findings
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
4.5. Analyst View
5. SURFACE INSPECTION MARKET BY COMPONENT
5.1. Introduction
5.2. Camera
5.3. Optics
5.4. Processors
5.5. Software
5.6. Others
6. SURFACE INSPECTION MARKET BY SURFACE TYPE
6.1. Introduction
6.2. 2D
6.3. 3D
7. SURFACE INSPECTION MARKET BY END-USER INDUSTRY
7.1. Introduction
7.2. Automotives
7.3. Consumer Electronics
7.4. Healthcare
7.5. Travel and Transport Logistics
7.6. Others
8. SURFACE INSPECTION MARKET BY GEOGRAPHY
8.1. Introduction
8.2. North America
8.2.1. By Component
8.2.2. By Surface Type
8.2.3. By End-User Industry
8.2.4. By Country
8.2.4.1. USA
8.2.4.2. Canada
8.2.4.3. Mexico
8.3. South America
8.3.1. By Component
8.3.2. By Surface Type
8.3.3. By End-User Industry
8.3.4. By Country
8.3.4.1. Brazil
8.3.4.2. Argentina
8.3.4.3. Others
8.4. Europe
8.4.1. By Component
8.4.2. By Surface Type
8.4.3. By End-User Industry
8.4.4. By Country
8.4.4.1. Germany
8.4.4.2. France
8.4.4.3. United Kingdom
8.4.4.4. Spain
8.4.4.5. Others
8.5. Middle East and Africa
8.5.1. By Component
8.5.2. By Surface Type
8.5.3. By End-User Industry
8.5.4. By Country
8.5.4.1. Saudi Arabia
8.5.4.2. Israel
8.5.4.3. South Africa
8.5.4.4. Others
8.6. Asia Pacific
8.6.1. By Component
8.6.2. By Surface Type
8.6.3. By End-User Industry
8.6.4. By Country
8.6.4.1. China
8.6.4.2. Japan
8.6.4.3. South Korea
8.6.4.4. India
8.6.4.5. Others
9. COMPETITIVE ENVIRONMENT AND ANALYSIS
9.1. Major Players and Strategy Analysis
9.2. Market Share Analysis
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Competitive Dashboard
10. COMPANY PROFILES
10.1. Baumer Inspection
10.2. Isra Vision
10.3. AMETEK
10.4. Omron Corporation
10.5. Cognex Corporation
10.6. Edmund Optics
10.7. Matrox Imaging
10.8. Teledyne Technologies
10.9. Keyence Corporation
Baumer Inspection
Isra Vision
AMETEK
Omron Corporation
Cognex Corporation
Edmund Optics
Matrox Imaging
Teledyne Technologies
Keyence Corporation
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