The Worldwide Defect Detection Market is Projected to reach USD 5.1 billion by 2027, at a CAGR of 6.6%

Defect Detection Market Growth, Trends and Report Highlights

According to a new report Global Defect Detection Market, published by KBV research, The Global Defect Detection Market size is expected to reach $5.1 billion by 2027, rising at a market growth of 6.6% CAGR during the forecast period.

The hardware segment would acquire the maximum revenue share of the defect detection market during the forecast period. Cameras, optics, frame grabbers, and processors are included in the hardware type in defect detection systems.

By using defect detection throughout an automated production process, companies become capable of identifying complicated and minute defects in short period. As a result, these assists bring down the costs and enhance quality & response time. The growth of the segment is attributed to the surge in adoption rate of defect detection system integrated with AI and Deep learning capabilities in manufacturing to accelerate the inspection of products and to simplify prompt detection of defects.

In the electronics & semiconductors, apart from the structural defects like scratches, shade variations, dents, smeared labels and strands of human hair, functional defects like bent pins on ports and connectors, missing components, untightened screws, and faulty barcodes should also be detected to make lesser number of defective products and enhance quality production.

There are many other countries in the Asia Pacific region; which are taking many numbers of supportive initiatives, thereby boosting the adoption of various innovative technologies among the SMEs and large organizations. The manufacturing organizations are increasingly investing in deploying the latest technologies and solutions for boosting productivity and improved efficiency, which would augment the demand for defect detections systems in the manufacturing industry of this region.

Full Report: https://www.kbvresearch.com/defect-detection-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 Microsoft Corporation, IBM Corporation, Amazon.com, Inc., Omron Corporation, Cognex Corporation, Datalogic S.p.A. (Hydra S.p.A.), Nikon Corporation, Keyence Corporation, Teledyne Technologies, Inc., and ISRA Vision AG (Atlas Copco).

Global Defect Detection Market Segmentation

By Component

• Hardware
• Software
• Services

By Application

• Manufacturing
• Packaging

By Vertical

• Electronics & Semiconductors
• Automotive
• Metals & Machinery
• Food & Packaging
• Pharmaceuticals

By Geography

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Companies Profiled

• Microsoft Corporation
• IBM Corporation
• Amazon.com, Inc.
• Omron Corporation
• Cognex Corporation
• Datalogic S.p.A. (Hydra S.p.A.)
• Nikon Corporation
• Keyence Corporation
• Teledyne Technologies, Inc.
• ISRA Vision AG (Atlas Copco)

Related Reports:

North America Defect Detection Market Size & Share, 2021-2027

• December-2021
• 106 Pages

LAMEA Defect Detection Market Size, Industry Trends 2021-2027

• December-2021
• 116 Pages

Europe Defect Detection Market Size & Growth Forecast to 2027

• December-2021
• 116 Pages

Asia Pacific Defect Detection Market Size & Share Growth, 2027

• December-2021
• 116 Pages