Surface Inspection Market by System and Geography - Forecast and Analysis 2021-2025

  • Published: Apr 2021
  • Pages: 120
  • SKU: IRTNTR70574
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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?

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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. To unlock information on the key market drivers and the COVID-19 pandemic impact on the surface inspection industry get your FREE report sample now.

  • 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. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

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. Click here to uncover other successful business strategies deployed by the vendors. 

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.

Download a free sample of the surface inspection market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Surface Inspection Market?

Surface-Inspection-Market-Market-Share-by-Region-2020-2025

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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. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating System Segments in the Surface Inspection Market?

Surface-Inspection-Market-Market-Share-by-System-2020-2025

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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. 

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the surface inspection market size.

 

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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

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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 surface inspection market growth will increase by $1548.93 million during 2020-2025.
The surface inspection market is expected to grow at a CAGR of 7.38% during 2020-2025.
Technavio has segmented the surface inspection market by other1 (Computer systems and Camera system) and geographic (APAC, North America, Europe, South America, and MEA).
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. are a few of the key vendors in the surface inspection market.
APAC will register the highest growth rate of 54.04% among the other regions. Therefore, the surface inspection market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the surface inspection market growth are:
  • Growing advantages of surface inspection systems
The surface inspection market vendors should focus on grabbing business opportunities from the computer systems segment as it accounted for the largest market share in the base year.
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