The Latin America, Middle East and Africa Surface Vision and Inspection Market would witness market growth of 12.4% CAGR during the forecast period (2019-2025).
The surface vision and inspection market is expected to experience substantial growth owing to rapid technical advancements over the projected period. Growing consumer preferences and competition for better quality goods are driving development for different technology applications.
The increase in demand for vision and inspection systems across manufacturing industries is projected to boost demand over the coming years. Advancements in industrial activities have contributed to mass production in order to reduce overall operating costs. Nevertheless, this raises the probability of errors and defects, making machine vision (MV) systems necessary for high product quality. Surface vision and inspection systems help eliminate waste, improve production performance and decrease production costs.
In addition, these systems provide immediate quantitative feedback, such as quantity and type of defect. Further, ongoing technical advancements have led to better systems with high accuracy and decreased application development time. Due to stringent legislation to improve food and drug safety and to fight counterfeiting, a number of food and pharmaceutical manufacturers are concentrating on traceability. Inspection systems provide value in being able to prevent illegal trade across unauthorized networks, avoid counterfeiting and increase visibility.
Based on Component, the market is segmented into Camera, Lighting Equipment, Optics, Hardware & Software and Frame Grabber. Based on Application, the market is segmented into Electronics & Electrical, Automotive, Logistics & Postal Sorting, Food & Beverages, Medical and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: Surface Vision and Inspection Market in LAMEA is expected to register a CAGR of 12.4% during the forecast period (2019-2025)
The market research report covers theanalysis of key stake holders of the market. Key companies profiled in the report include Ametek, Inc., Datalogic S.p.A. (Hydra S.p.A.), Basler AG, Omron Corporation, Baumer Holding AG, Teledyne Technologies, Inc. (Teledyne DALSA, Inc.), Sick AG, Keyence Corporation, FLIR Systems, Inc., Sony Corporation, Panasonic Corporation, ISRA Vision AG, Edmund Optics, Inc., and Industrial Vision Systems Ltd.
Market Segmentation:
By Component
By Application
By Country
Companies Profiled
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