Surface Inspection Market size worth US$5.911 billion by 2027

Surface Inspection Market size worth US$5.911 billion by 2027

By Knowledge Sourcing Intelligence Press Releases

Knowledge Sourcing Intelligence announces the publication of a new analysis report on the market for the “Surface Inspection Market - which is forecasted from 2020 to 2027”.

The prime factors propelling the growth of the Surface Inspection Market are the rising automotive industry and the stronger government regulations put in place in the healthcare and automotive sectors.

As per the report, the market for Surface Inspection Market is expected to grow at a steady pace 

Surface inspection is a non-destructive method of examining geographic features and marking purported flaws in the manufactured item. Manufacturers typically use specialised lighting systems, cameras, and a variety of equipment for accurate automatic fault detection. The automotive industry is relying more and more on highly efficient surface inspection devices to detect defects at different production stages. Surface inspection systems can detect a variety of production and material-related flaws. The automobile sector is expanding strongly in emerging markets. This market expansion is anticipated to continue and drive the market. Government-imposed safety standards and shifting consumer expectations for vehicles are both contributing to the automobile industry's substantial expansion. These factors are likely to boost the Surface Inspection market growth.

The Surface Inspection market has been categorised on the basis of component, surface type, industry, and geography.

By component, the market has been classified based on Camera, Processor, Optics, Software and Others. Smart cameras employ image sensors to find defects in objects and surfaces. As a result, the market for surface inspection is expanding due to the rising deployment of smart cameras.

By type, the market has been classified based on 2D and 3D. Compared to 2D surface vision systems, 3D surface inspection systems are being adopted more frequently. 3D technology is employed as it offers more relevancy due to integrated optics, volumetric measurement for the position and parameters connected to forms, and convenience in building multi-sensors for large item inspection.

By industry, the market has been classified into Automotive, Healthcare, Consumer Electronics, Travel and Transport/Logistics and Others. Globally expanding automotive sales, more government regulations, and an increase in production complexity call for an effective monitoring system that reduces production errors and helps produce better-quality goods. These factors are likely to boost the industry's growth.

Due to the expanding automotive and electronics industries, the North American area has been reported to have the highest market share. The region's governments are enforcing a number of strict norms and regulations relating to product quality, which is driving up demand for surface inspection equipment. Hence, this region is anticipated to maintain its market dominance during the anticipated period.

Most nations implemented rigorous lockdown procedures in response to the COVID-19 pandemic to reduce the number of cases of infection that were rising. As a result, several important industries came to a halt, causing a slowdown in the world economy. There was a significant loss of revenue in the surface inspection market as a result of the slowdown in the automotive and electronics industries. However, the market has begun to revive and demand is anticipated to rise as governments begin to relax their COVID-19 restrictions.

 As a part of the report, the major players operating in the Surface Inspection market that have been covered are Baumer Inspection, AMETEK, Isra Vision, Omron Corporation, Cognex Corporation, Adept Technology, Edmund Optics, Teledyne Technologies, Matrox Imaging.

View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/surface-inspection-market

This analytics report segments the Surface Inspection market on the following basis:

  • By Component
    • Camera
    • Optics
    • Processor
    • Software
    • Others
  • By Surface Type
    • 2D
    • 3D
  • By 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