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Industrial Automation 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 in food safety and inspection market share is expected to increase by USD 648.69 million from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 5.29%.

This industrial automation in food safety and inspection market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers industrial automation in food safety and inspection market segmentations 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 industrial automation in food safety and inspection market report also offers information on several market vendors, 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., and Thermo Fisher Scientific Inc. among others.

What will the Industrial Automation In Food Safety And Inspection Market Size be During the Forecast Period?

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

Download the Free Report Sample to Unlock the Industrial Automation in Food Safety and Inspection Market Size for the Forecast Period and Other Important Statistics

 

Industrial Automation In Food Safety And Inspection Market: Key Drivers, Trends, and Challenges

The significant cost savings in operations due to process control is notably driving the industrial automation in food safety and inspection market growth, although factors such as volatility in prices of raw materials may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the industrial automation in food safety and inspection industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Industrial Automation In Food Safety And Inspection Market Driver

 

The significant cost savings in operations due to process control is a major factor driving the global industrial automation market in food safety and inspection market share growth. Machine vision systems are employed in the initial stages of production. With the help of machine vision systems, defective components are removed instantly from the process. At times, the removed parts can be reintroduced into the production process. This saves materials. Defective parts do not continue to the subsequent manufacturing phase; and, therefore, do not lead to further costs. The use of machine vision systems in the food and beverages industry helps in reducing labor costs as well as avoiding costs related to any corrective action. With the rise in the labor cost in the US and China, it is becoming difficult for manufacturers to control the cost that may later affect the competitive strategy of a company. The use of machine vision systems helps in the automatic capturing of data as well as reducing defects in products and processes. With automation, there is a minimal requirement for human intervention. This, in turn, reduces the labor cost. Due to such factors, the demand for the market will continue to increase during the forecast period.

Key Industrial Automation In Food Safety And Inspection Market Trend

The MDX technology for food inspection systems is another factor supporting the global industrial automation market in food safety and inspection market share growth. The Material Discrimination X-ray technology (MDX) is an upgraded X-ray technology. Like traditional X-ray systems, MDX involves the use of a generator to project an X-ray beam onto a detector and pass a product through the beam. The difference between X-ray inspection and MDX is the use of two energy spectrums to discriminate between high- and low-channel X-rays, as well as a dual-layer detector by MDX. MDX technology, in general, eliminates most of the effect of product thickness variations and leaves an image that shows a density difference based on chemical composition. Food products are mostly organic and usually contain water. Chemically, food products consist primarily of hydrogen, carbon, and oxygen. Any foreign body containing an element of a higher atomic number than carbon or oxygen can be easily detected by MDX technology. Foreign bodies that are visible in an X-ray image can be detected using traditional X-ray methods, but many foreign bodies that are not readily visible in an X-ray image can be detected with MDX technology. Therefore, the market will continue to grow during the forecast period.

Key Industrial Automation In Food Safety And Inspection Market Challenge

The volatility in prices of raw materials will be a major challenge for the global industrial automation market in food safety and inspection market share growth during the forecast period. Instability in the price of raw materials affects the production of food safety and inspection systems. For instance, the price of steel can be influenced by various factors, including natural disasters and the global economy. Several key vendors prefer long-term contracts with suppliers to reduce the impact of price fluctuations of raw materials. However, long-term contracts with suppliers are not feasible for small vendors due to their low production volume. Stainless steel, iron, bronze, and copper are the most commonly used raw materials for manufacturing food safety and inspection systems. The prices of raw materials depend on their production and availability and the inflation of the economy. Variations in these parameters affect the manufacturing of food safety and inspection systems as they could increase or decrease the cost of production, and therefore hamper the growth of the market.

This industrial automation in food safety and inspection market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global industrial automation market in food safety and inspection market as a part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the industrial automation market in food safety and inspection market during the forecast period.

Who are the Major Industrial Automation In Food Safety And Inspection Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, 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.

This statistical study of the industrial automation market in food safety and inspection market encompasses successful business strategies deployed by the key vendors. The industrial automation market in food safety and inspection market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Advantech Co. Ltd.- The company offers solutions in industrial automation by delivering flexible and efficient ways for food and beverage manufacturers to fulfill high demand in product variability while maintaining the safety of the food and supply, under the brand names of Rugged Industry 4.0, WebOP 2000T, UNO 1251G and SRP FPV240.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The industrial automation in food safety and inspection market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Industrial Automation In Food Safety And Inspection Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the industrial automation in food safety and inspection market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of global industrial machinery market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Service
  • Support activities
  • Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Industrial Automation In Food Safety And Inspection Market?

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

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33% of the market's growth will originate from APAC during the forecast period. US, China, UK, Japan, and Germany are the key markets for industrial automation market in food safety and inspection market in APAC. Market growth in this region will be faster than the growth of the market in regions.

The expanding population and the improving per capita incomes of people have increased the consumption of processed and convenience food, which will facilitate the industrial automation market in food safety and inspection market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Product Segments in the Industrial Automation In Food Safety And Inspection Market?

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

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The industrial automation market in food safety and inspection market share growth by the machine vision systems segment will be significant during the forecast period. Factors such as concerns of food manufacturers to improve the traceability of their products within the food chain and supply chain, growing need for food safety across geographies, increased adoption of robotics in the food and beverages industry, and growing applications of machine vision technology in defect recognition, lenience monitoring, quality inspection, and component monitoring are expected to drive the market during the forecast period. Moreover, applications of 2D and 3D imaging, smart cameras, and vision-guided robots will further enhance the market's potential.

This report provides an accurate prediction of the contribution of all the segments to the growth of the industrial automation in food safety and inspection market size and actionable market insights on post COVID-19 impact on each segment.

 

Industrial Automation In Food Safety And Inspection Market 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

Key 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 recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Industrial Automation In Food Safety And Inspection Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive industrial automation in food safety and inspection market growth during the next five years
  • Precise estimation of the industrial automation in food safety and inspection market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the industrial automation 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 in food safety and inspection market vendors

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1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value chain analysis: Industrial machinery

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
    • 3.4 Market outlook: Forecast for 2020 - 2025
      • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
      • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 08: Five forces analysis 2020 & 2025
    • 4.2 Bargaining power of buyers
      • Exhibit 09: Bargaining power of buyers
    • 4.3 Bargaining power of suppliers
      • Exhibit 10: Bargaining power of suppliers
    • 4.4 Threat of new entrants
      • Exhibit 11: Threat of new entrants
    • 4.5 Threat of substitutes
      • Exhibit 12: Threat of substitutes
    • 4.6 Threat of rivalry
      • Exhibit 13: Threat of rivalry
    • 4.7 Market condition
      • Exhibit 14: Market condition - Five forces 2020

    5 Market Segmentation by Product

    • 5.1 Market segments
      • Exhibit 15: Product - Market share 2020-2025 (%)
    • 5.2 Comparison by Product
      • Exhibit 16: Comparison by Product
    • 5.3 Machine vision systems - Market size and forecast 2020-2025
      • Exhibit 17: Machine vision systems - Market size and forecast 2020-2025 ($ million)
      • Exhibit 18: Machine vision systems - Year-over-year growth 2020-2025 (%)
    • 5.4 X-ray inspection systems - Market size and forecast 2020-2025
      • Exhibit 19: X-ray inspection systems - Market size and forecast 2020-2025 ($ million)
      • Exhibit 20: X-ray inspection systems - Year-over-year growth 2020-2025 (%)
    • 5.5 Metal detection systems - Market size and forecast 2020-2025
      • Exhibit 21: Metal detection systems - Market size and forecast 2020-2025 ($ million)
      • Exhibit 22: Metal detection systems - Year-over-year growth 2020-2025 (%)
    • 5.6 Checkweighing systems - Market size and forecast 2020-2025
      • Exhibit 23: Checkweighing systems - Market size and forecast 2020-2025 ($ million)
      • Exhibit 24: Checkweighing systems - Year-over-year growth 2020-2025 (%)
    • 5.7 Market opportunity by Product
      • Exhibit 25: Market opportunity by Product

    6 Customer landscape

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 27: Market share by geography 2020-2025 (%)
    • 7.2 Geographic comparison
      • Exhibit 28: Geographic comparison
    • 7.3 Europe - Market size and forecast 2020-2025
      • Exhibit 29: Europe - Market size and forecast 2020-2025 ($ million)
      • Exhibit 30: Europe - Year-over-year growth 2020-2025 (%)
    • 7.4 APAC - Market size and forecast 2020-2025
      • Exhibit 31: APAC - Market size and forecast 2020-2025 ($ million)
      • Exhibit 32: APAC - Year-over-year growth 2020-2025 (%)
    • 7.5 North America - Market size and forecast 2020-2025
      • Exhibit 33: North America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 34: North America - Year-over-year growth 2020-2025 (%)
    • 7.6 South America - Market size and forecast 2020-2025
      • Exhibit 35: South America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 36: South America - Year-over-year growth 2020-2025 (%)
    • 7.7 MEA - Market size and forecast 2020-2025
      • Exhibit 37: MEA - Market size and forecast 2020-2025 ($ million)
      • Exhibit 38: MEA - Year-over-year growth 2020-2025 (%)
    • 7.8 Key leading countries
      • Exhibit 39: Key leading countries
    • 7.9 Market opportunity by geography
      • Exhibit 40: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • Exhibit 41: Impact of drivers and challenges
      • 8.3 Market trends

        9 Vendor Landscape

        • 9.1 Vendor landscape
          • Exhibit 42: Vendor landscape
        • 9.2 Landscape disruption
          • Exhibit 43: Landscape disruption
          • Exhibit 44: Industry risks
        • 9.3 Competitive scenario

          10 Vendor Analysis

          • 10.1 Vendors covered
            • Exhibit 45: Vendors covered
          • 10.2 Market positioning of vendors
            • 10.3 Advantech Co. Ltd.
              • Exhibit 47: Advantech Co. Ltd. - Overview
              • Exhibit 48: Advantech Co. Ltd. - Business segments
              • Exhibit 49: Advantech Co. Ltd. - Key offerings
              • Exhibit 50: Advantech Co. Ltd. - Segment focus
            • 10.4 Clarke Solutions LLC
              • Exhibit 51: Clarke Solutions LLC - Overview
              • Exhibit 52: Clarke Solutions LLC - Product and service
              • Exhibit 53: Clarke Solutions LLC - Key offerings
            • 10.5 Cognex Corp.
              • Exhibit 54: Cognex Corp. - Overview
              • Exhibit 55: Cognex Corp. - Business segments
              • Exhibit 56: Cognex Corp. - Key news
              • Exhibit 57: Cognex Corp. - Key offerings
              • Exhibit 58: Cognex Corp. - Segment focus
            • 10.6 Illinois Tool Works Inc.
              • Exhibit 59: Illinois Tool Works Inc. - Overview
              • Exhibit 60: Illinois Tool Works Inc. - Business segments
              • Exhibit 61: Illinois Tool Works Inc. - Key offerings
              • Exhibit 62: Illinois Tool Works Inc. - Segment focus
            • 10.7 Inspection Systems Pty Ltd.
              • Exhibit 63: Inspection Systems Pty Ltd. - Overview
              • Exhibit 64: Inspection Systems Pty Ltd. - Product and service
              • Exhibit 65: Inspection Systems Pty Ltd. - Key news
              • Exhibit 66: Inspection Systems Pty Ltd. - Key offerings
            • 10.8 John Bean Technologies Corp.
              • Exhibit 67: John Bean Technologies Corp. - Overview
              • Exhibit 68: John Bean Technologies Corp. - Business segments
              • Exhibit 69: John Bean Technologies Corp. - Key news
              • Exhibit 70: John Bean Technologies Corp. - Key offerings
              • Exhibit 71: John Bean Technologies Corp. - Segment focus
            • 10.9 Mettler Toledo International Inc.
              • Exhibit 72: Mettler Toledo International Inc. - Overview
              • Exhibit 73: Mettler Toledo International Inc. - Business segments
              • Exhibit 74: Mettler Toledo International Inc. - Key offerings
              • Exhibit 75: Mettler Toledo International Inc. - Segment focus
            • 10.10 Peco InspX
              • Exhibit 76: Peco InspX - Overview
              • Exhibit 77: Peco InspX - Product and service
              • Exhibit 78: Peco InspX - Key offerings
            • 10.11 Teledyne Technologies Inc.
              • Exhibit 79: Teledyne Technologies Inc. - Overview
              • Exhibit 80: Teledyne Technologies Inc. - Business segments
              • Exhibit 81: Teledyne Technologies Inc. - Key news
              • Exhibit 82: Teledyne Technologies Inc. - Key offerings
              • Exhibit 83: Teledyne Technologies Inc. - Segment focus
            • 10.12 Thermo Fisher Scientific Inc.
              • Exhibit 84: Thermo Fisher Scientific Inc. - Overview
              • Exhibit 85: Thermo Fisher Scientific Inc. - Business segments
              • Exhibit 86: Thermo Fisher Scientific Inc. - Key news
              • Exhibit 87: Thermo Fisher Scientific Inc. - Key offerings
              • Exhibit 88: Thermo Fisher Scientific Inc. - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Currency conversion rates for US$
                • Exhibit 89: Currency conversion rates for US$
              • 11.3 Research methodology
                • Exhibit 90: Research Methodology
                • Exhibit 91: Validation techniques employed for market sizing
                • Exhibit 92: Information sources
              • 11.4 List of abbreviations
                • Exhibit 93: 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
              Technavio

              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
              Technavio

              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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              Industrial Automation Market in Food Safety and Inspection market growth will increase by $553.48 million during 2021-2025.
              The industrial automation market in food safety and inspection market is expected to grow at a CAGR of 4.70% during 2021-2025.
              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.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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              • Data on revenue-generating market segments
              • Details on the market shares of various regions
              • Five-force market analysis

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