Industrial Automation Market in Food Safety and Inspection Industry by Product and Geography - Forecast and Analysis 2021-2025

  • Published: Sep 2021
  • Pages: 120
  • SKU: IRTNTR43856
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The industrial automation market size in food safety and inspection is expected to grow by USD 648.69 million and record a CAGR of 5.29% during 2021-2025.

This post-pandemic industrial automation market report in food safety and inspection has assessed the shift in consumer behavior and has identified and explored the upcoming trends and drivers that the vendors can capitalize on to support prompt business decisions. In this industrial automation market analysis report in food safety and inspection, key drivers such as significant cost savings in operations due to process control have been discussed with emerging growth regions, which will offer immense business opportunities. Our analysts have also identified challenges such as volatility in prices of raw materials, which will impede market growth. With these insights, the vendors can recreate their plan of action to obtain growth opportunities in the future.

What will the Industrial Automation Market Size in Food Safety and Inspection be in 2021?

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Who are the Key Vendors in the Industrial Automation Market in Food Safety and Inspection?

The industrial automation market forecast report in food safety and inspection provides insights on complete key vendor profiles and their business strategies to reimage themselves. The profiles include information on the production, competitive landscape, sustainability, and prospects of the leading companies including:

 

  • Advantech Co. Ltd.
  • Clarke Solutions LLC
  • Cognex Corp.
  • Illinois Tool Works Inc.
  • Inspection Systems Pty Ltd.
  • John Bean Technologies Corp.
  • Mettler Toledo International Inc.
  • Peco InspX
  • Teledyne Technologies Inc.
  • Thermo Fisher Scientific Inc.

 

Our analysts have extensively outlined successful business strategies deployed by the key vendors in this market research report. The industrial automation market in food safety and inspection is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

This industrial automation market report in food safety and inspection further entails segmentation by product (machine vision systems, X-ray inspection systems, metal detection systems, and checkweighing systems) and geography (Europe, APAC, North America, South America, and MEA). The available actionable insights on the segmentation in this report will enable a better understanding of the target audience and changing demand patterns.

To make the most of the opportunities, vendors should focus on fast-growing segments, while maintaining their positions in the slow-growing segments. The industrial automation market report in food safety and inspection further offers well-structured marketing strategies to overcome the negative post-COVID-19 impact, if any, on each product and service segment.

Which are the Key Regional Markets for Industrial Automation Market in Food Safety and Inspection?

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The report offers an up-to-date analysis of the geographical composition of the market. APAC will record a fast growth rate during 2021-2025, owing to which the region should offer several growth opportunities to market vendors. From the statistical study of the geographic landscape, you can interpret and understand the competitive intelligence and regional opportunities in store for vendors for 2021-2025.

33% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for industrial automation in food safety and inspection in the region. This report provides estimations of the contribution of all regions to the growth of the industrial automation market size in food safety and inspection.

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What are the Key Factors Covered in this Industrial Automation Market Report in Food Safety and Inspection?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive industrial automation market growth in food safety and inspection during the next five years
  • Precise estimation of the industrial automation market size in food safety and inspection and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the industrial automation market in food safety and inspection industry across Europe, APAC, North America, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of industrial automation market vendors in food safety and inspection 

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Industrial Automation Market In Food Safety And Inspection Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 5.29%

Market growth 2021-2025

$ 648.69 million

Market structure

Fragmented

YoY growth (%)

3.91

Regional analysis

Europe, APAC, North America, South America, and MEA

Performing market contribution

APAC at 33%

Key consumer countries

US, China, UK, Japan, and Germany

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Advantech Co. Ltd., Clarke Solutions LLC, Cognex Corp., Illinois Tool Works Inc., Inspection Systems Pty Ltd., John Bean Technologies Corp., Mettler Toledo International Inc., Peco InspX, Teledyne Technologies Inc., and Thermo Fisher Scientific Inc.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Product

    • Market segments
    • Comparison by Product
    • Machine vision systems - Market size and forecast 2020-2025
    • X-ray inspection systems - Market size and forecast 2020-2025
    • Metal detection systems - Market size and forecast 2020-2025
    • Checkweighing systems - Market size and forecast 2020-2025
    • Market opportunity by Product

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • Europe - Market size and forecast 2020-2025
      • APAC - Market size and forecast 2020-2025
      • North America - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Advantech Co. Ltd.
      • Clarke Solutions LLC
      • Cognex Corp.
      • Illinois Tool Works Inc.
      • Inspection Systems Pty Ltd.
      • John Bean Technologies Corp.
      • Mettler Toledo International Inc.
      • Peco InspX
      • Teledyne Technologies Inc.
      • Thermo Fisher Scientific Inc.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
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      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
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      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
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      The industrial automation market in food safety and inspection market growth will increase by $553.48 million during 2019-2024.
      The industrial automation market in food safety and inspection market is expected to grow at a CAGR of 4.70% during 2019-2024.
      Technavio has segmented the industrial automation market in food safety and inspection market by product (Machine vision systems, X-ray inspection systems, Metal detection systems, and Checkweighing systems) and geographic (Europe, APAC, North America, South America, and MEA).
      Advantech Co. Ltd., Clarke Solutions LLC, Cognex Corp., Illinois Tool Works Inc., Inspection Systems Pty Ltd., John Bean Technologies Corp., Mettler-Toledo International Inc., Peco InspX, Teledyne Technologies Inc., Thermo Fisher Scientific Inc. are a few of the key vendors in the industrial automation market in food safety and inspection market.
      APAC will register the highest growth rate of 33.09% among the other regions. Therefore, the industrial automation market in food safety and inspection market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the industrial automation market in food safety and inspection market growth are:
      • Significant cost savings in operations due to process control
      • MDX technology for food inspection systems
      The industrial automation market in food safety and inspection market vendors should focus on grabbing business opportunities from the machine vision systems segment as it accounted for the largest market share in the base year.
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