According to a new report Global Surface Vision and Inspection Market, published by KBV research, The Global Surface Vision and Inspection Market size is expected to reach $19.5 billion by 2025, rising at a market growth of 10.9% CAGR during the forecast period.
Cameras recorded the highest market share in 2019. The dominant share has been associated with applications such as the inspection of containers for correct lids and labels, and the inspection of large objects such as car doors, can allow several cameras to protect large areas. Cameras are now being updated regularly in terms of resolution and frame rate.
The electronics and electrical industry presently holds a significant market share, which can be attributed to various test applications across fabricated chips and systems. Therefore, the automobile industry is projected to see substantial growth due to increased chances of production failures and errors in the automotive field. Manufacturers increasingly implement vision and measurement technologies to spot technical and cosmetic defects. In the medical field, this system is used for efficient label detection and drug synthesis.
North America is currently the dominant region in terms of market share and is projected to show modest growth over the forecast period. Increased use can be associated with large sales volumes of machine vision and components such as cameras and application-specific MV systems. The Asia-Pacific region is anticipated to see substantial growth over the forecast period due to a major increase in manufacturing activities, growing factory automation, rising focus on operational performance and product quality. Growing investment in assembly line production and automation, especially in China, India, Korea and Japan, is expected to drive growth in the region dramatically.
Structural Insights: https://www.kbvresearch.com/surface-vision-and-inspection-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
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