San Francisco, 20
September 2018: The global surface
vision and inspection market size is expected to reach USD
16.39 billion by 2022 according to a new report by Grand View Research, Inc.
Surge in demand for vision and inspection systems across manufacturing
industries is expected to drive demand over the forecast period. Advances in manufacturing
activities have led to mass production in order to reduce overall operational
cost. However, it increases the probability of errors and defects, thereby
making machine vision (MV) systems essential for high product quality.
Surface vision and inspection systems help
in waste reduction, increase in production efficiency, and minimizes production
cost. Moreover, these systems provide instant quantitative feedback such as
quantity and type of defects. Further, continuous advances in the technology
has led to improved systems, which exhibit high accuracy and reduced
application development time.
Owing to stringent regulations to improve
food & drug safety and to fight counterfeiting, several food and
pharmaceutical manufacturers are increasingly focusing on traceability.
Inspection systems deliver value in being able to prevent parallel trade
through unauthorized channels, stop counterfeiting and achieve greater
visibility.
Access
Research Report of Surface Vision and
Inspection Market @ www.grandviewresearch.com/industry-analysis/surface-vision-inspection-market
Further
key findings from the study suggest:
· The camera components used for inspection
are expected to grow at a CAGR of over 9.0% over the forecast period. Cameras
are becoming lighter, smaller and less expensive, which is expected to drive
the demand over the future. Moreover, images produced more accurate and
sharper. Further, demand for smart cameras is increasing across small and
medium size manufacturers as they can easily be integrated with existing
manufacturing infrastructure.
· Automotive application segment is expected
to witness significant growth exceeding over USD 5.0 billion by 2022, with a
CAGR of over 10% over the forecast period. Increasing complexities in
automobiles brings the possibility for greater production errors. To achieve
high quality and minimize defects, manufacturers are increasingly relying on
error detection systems, which are expected to drive the industry growth over
the next seven years.
· Medical segment accounted for over 15% of
overall revenue share in 2014, which is expected to witness substantial growth
over the forecast period. In order to maximize yields, improve the flexibility
of lot manufacturing and increase throughput, pharmaceutical producers are
increasingly adopting vision systems.
· Asia Pacific surface vision and inspection
market is expected to grow at a CAGR of over 14% over the forecast period.
Major manufacturers in the industry are based in China, owing to cheap labor
and higher production capacities. Further, growing industrial base and
increasing manufacturing facilities of China and India may contribute to the
regional growth.
· Key industry participants include Adept
Technology, Inc., Cognex Corporation, Baumer Inspection, Edmund Optics Inc,
ISRA Vision AG, ETS SuperVision BV, Matrox Imaging, Industrial Vision Systems
Ltd., Microscan Systems, Inc., Panasonic Corporation, Omron Corporation,
Teledyne DALSA Inc., Perceptron Inc. and Vitronic GmbH.
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/electronic-devices
Grand View Research has segmented the
global surface vision and inspection market on the basis of component,
application and region:
Surface Vision And Inspection Component
Outlook (Revenue, USD Million, 2012 - 2022)
·
Camera
·
Optics
·
Lighting Equipment
·
Frame Grabber
·
Hardware & Software
Surface Vision And Inspection Application Outlook
(Revenue, USD Million, 2012 - 2022)
·
Automotive
·
Electronics & Electrical
·
Medical
·
Food & Beverages
·
Logistics & Postal Sorting
·
Others
Surface Vision And Inspection Regional
Outlook (Revenue, USD Million, 2012 - 2022)
·
North America
o
U.S.
o
Canada
·
Europe
o
Germany
o
UK
·
Asia Pacific
o
China
o
India
o
Japan
o
Korea
·
Latin America
o
Brazil
·
MEA
Access Press Release of
Surface Vision and Inspection Market@ www.grandviewresearch.com/press-release/global-surface-vision-inspection-market
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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