The surface inspection market has the potential to grow by USD 1.54 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 7.38%.
This surface 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 market segmentation by system (computer systems and camera system) and geography (APAC, North America, Europe, South America, and MEA). The surface inspection market report also offers information on several market vendors, including Adept Technologies Inc., AMETEK Inc., IMS Messsysteme GmbH, ISRA VISION AG, Keyence Corp., Matrox Electronic Systems Ltd., OMRON Corp., Panasonic Corp., Teledyne Technologies Inc., and Toshiba Corp. among others.
What will the Surface Inspection Market Size be in 2021?
Browse TOC and LoE with selected illustrations and example pages of Surface Inspection Market
Surface Inspection Market: Key Drivers and Trends
The growing advantages of surface inspection systems is notably driving the surface inspection market growth, although factors such as high cost of implementation may impede the market growth.
- The growing advantages of surface inspection systems is one of the key factors driving the surface inspection market growth.
- Surface inspection systems basically involve the use of smart cameras and angled lighting to precisely detect surface flaws or features, in real-time, on objects as they are produced.
- Some major advantages of using such systems are as follows: cost-effectiveness, quality end-result with minimal manual intervention, and easy collection of real-time data.
This surface 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.
Who are the Major Surface Inspection Market Vendors?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- Adept Technologies Inc.
- AMETEK Inc.
- IMS Messsysteme GmbH
- ISRA VISION AG
- Keyence Corp.
- Matrox Electronic Systems Ltd.
- OMRON Corp.
- Panasonic Corp.
- Teledyne Technologies Inc.
- Toshiba Corp.
The surface inspection market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. 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.
Which are the Key Regions for Surface Inspection Market?
For more insights on the market share of various regions Request for a FREE sample now!
54% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for the surface inspection market in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The expansion of automotive and electronics and semiconductor sectors will facilitate the surface inspection market growth in APAC over the forecast period.
What are the Revenue-generating System Segments in the Surface Inspection Market?
To gain further insights on the market contribution of various segments Request for a FREE sample
These computer-based systems work on complex algorithms, which makes them highly suitable compared with camera-based surface inspection systems. Moreover, it offers the choice to access third-party software, unlike camera systems that have single-source software. Owing to these factors, the surface inspection market share growth by computer systems is expected to be significant during the forecast period.
What are the Key Factors Covered in this Surface Inspection Market Report?
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive surface inspection market growth during the next five years
- Precise estimation of the surface inspection market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the surface inspection industry across APAC, North America, Europe, 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 surface inspection market vendors
We can help! Our analysts can customize this report to meet your requirements. Get in touch
|
Surface Inspection Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
120 |
|
Base year |
2020 |
|
Forecast period |
2021-2025 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 7% |
|
Market growth 2021-2025 |
$ 1.54 billion |
|
Market structure |
Fragmented |
|
YoY growth (%) |
7.00 |
|
Regional analysis |
APAC, North America, Europe, South America, and MEA |
|
Performing market contribution |
APAC at 54% |
|
Key consumer countries |
China, US, Japan, and Germany |
|
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
|
Companies profiled |
Adept Technologies Inc. , AMETEK Inc., IMS Messsysteme GmbH, ISRA VISION AG, Keyence Corp., Matrox Electronic Systems Ltd., OMRON Corp., Panasonic Corp., Teledyne Technologies Inc., and Toshiba Corp. |
|
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. |