Global Inspection Cameras Market 2017-2021

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Global inspection cameras market overview 

The global inspection cameras market will grow steadily during the forecast period and post a CAGR of around 10% by 2021. This market research analysis identifies the increasing demand for videoscopy and boroscopy in the automotive industry as one of the primary growth factors for this market. Inspection cameras are reliable and rule out the chances of error which is prevalent in the manual inspection. Inspection camera systems recognize irregularities, reduce manpower costs, check the quality and thickness of the paint on the car, and suggest improvements. The cameras also measure the gap between the body panel and prevent safety issues as the measurement is accurate and efficient. Additionally, the cameras are also cost and time efficient for the companies.

The market research report identifies the increasing focus on quality certifications as one of the key trends behind the growth of the inspection cameras market. The companies are focusing on quality certificates such as Six Sigma and ISO 9000 that indicate high company standards and low error rate. The use of inspection cameras helps improve the efficiency of the manufacturing processes be it cost or time. The use of inspection cameras makes it easy to detect common defects such as guide marks, twists, laps, burned steel, seams, and scabs. With the increasing focus on not losing quality certifications due to inspection errors, there will be an increased preference for inspection cameras over manual inspections since the cameras give accurate results in lesser time.

Competitive landscape and key vendors

The inspection cameras market is highly competitive since it is a growing market with an equal number of small and large scale players. The players need to invest highly in R&D to incorporate the changing technology and carry out more marketing activities to retain their market share. High initial capital and latest technology make it difficult for the new players to enter the market. The competition among the market players will intensify further due to the increasing demand for inspection cameras across various industries.

The inspection cameras market report offers a detailed analysis of several leading companies, including:

• FLIR Systems
• Cognex Corporation
• Olympus Corporation
• Sick
• AMETEK

The other prominent vendors in the market are Fluke Corporation, Testo, and ifm electronic. The market includes many small vendors including Tais Imaging Systems Division, National Instruments, Ridgid, Milwaukee Tool, Leuze Electronic, Andor, Microscan, MICRO-EPSILON, Vision Research, Baumer, General Tools & Instruments, Vitronic, and Raptor Photonics.

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Inspection cameras market segmentation by application 

• Packaging
• Semiconductor
• Pharmaceutical
• Electrical
• Automotive

During 2016, the automotive segment accounted for the major inspection cameras market shares and dominated the market. The cameras inspect and enable accurate inspection and assemble the complex components of the automotive. The micro inspection cameras transmit the video to wireless cameras that allow the operator to view the components such as fuel tanks and combustion chambers that are difficult to reach and inspect, consequently the demand for inspection cameras increases. Factors such as the improved efficiency and accuracy as compared to manual inspection will contribute to the growth of this industry segment in the coming years.

Inspection cameras market segmentation by geography

• APAC
• EMEA
• North America

This inspection cameras market study estimates that in terms of geographic regions, North America will be the major revenue contributor to the inspection cameras market by 2021, this is mainly due to the rising domestic demand and sales. Factors such as the presence of most of the key players in the US and the introduction of strict government regulations for the pharmaceutical sector will lead to the increased demand and usage of inspection cameras, propelling market growth.

Key highlights of the global inspection cameras  market for the forecast years 2017-2021:

• CAGR of the market during the forecast period 2017-2021
• Detailed information on factors that will accelerate the growth of the inspection cameras market during the next five years
• Precise estimation of the global inspection cameras market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behaviour
• Growth of the inspection cameras industry across the Americas, APAC, and North America
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors 
• Comprehensive information about factors that will challenge the growth of inspection cameras companies

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