The global surface vision and inspection market was valued at US$ 2,200.0 Million in 2020 and is expected to surpass US$ 4,401.0 Million by 2028, registering a CAGR of 9.2% during the forecast period (2021-2028), according to the Global Surface Vision and Inspection Market Report, By System Type (Computer Systems and Camera Systems), By Surface Type (2D and 3D), by Component (Camera, Lighting, Optics, Software, Frame Grabber, and Components), By Industry Vertical (Automotive, Electrical & Electronics, Semiconductor, Medical Devices, Food & Pharmaceutical, Rubber and Plastics, Printing, Wood and Paper, Logistics & Postal Sorting, and Other Industry Verticals), and by Region (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa), published by Coherent Market Insights.
Manufacturers from all industries are facing challenges from growing market competition, increasing labor wages, and increasing wastes. In this competitive environment, improving business performance remains a primary concern for global manufacturers. To improve their sustainability in such a scenario, manufacturers are looking for cost reduction solutions to achieve higher throughputs for smaller inputs. This can be achieved by minimizing overall manufacturing cost, waste, and process optimization. This represents encouraging prospects for the factory automation in the near future. Manufacturers in various industries such as automotive, electronics, semiconductor, wood, and paper, etc. are looking for control systems which not only increase production rate, but also maintain international quality standards consistently. Surface vision and inspection systems help manufacturers find defects in their products before they are dispatched to customers. These systems reduce inventory cost, minimize distribution of unacceptable products, and increase production without investing in additional resources.
For instance, AMETEK Surface Vision, a surface inspection solutions provider, offers SmartView surface inspection solution to detect, identify, and visualize surface defects in real time for a range of industries such as steel, paper, etc. Combining state-of-the-art software and hardware into an advanced surface inspection platform, SmartView provides total vision integration for high-speed defect detection, monitoring, and reporting.
Surface vision systems provide effective integration of machine vision and motion control in order to create flexible, scalable, and robust automation systems. Manufacturers are focusing on producing highly qualitative and innovative surface vision and inspection products with improved features. In addition to this, the companies are offering vision and inspection systems with an easy-to-use graphical user interface (GUI) which helps to improve product throughput and quality. For instance, in January 2020, FLIR Systems, Inc., a leading industrial technology company, launched FLIR MR277 building inspection system with various features such as built-in Bluetooth, FLIR Lepton thermal imaging sensor, built-in pin-less sensor, etc. Designed for restoration, remediation, and building management professionals, the enhanced FLIR MR277 includes features needed to identify, diagnose, fix, and document moisture and building envelope problems.
Global Surface Vision and Inspection Market - Impact of Coronavirus (Covid-19) Pandemic
COVID-19 has significantly disrupted almost all the industries including automotive, electronics, semiconductor, transportation, logistics, manufacturing, and others. To combat COVID-19 pandemic, most of the countries had implemented lockdown, and are now easing it phase-wise and industry wise. This has significantly impacted manufacturing sector, as the facilities across the globe were temporarily shut down. Due to COVID-19 pandemic, the demand for surface vision and inspection systems from the end-use industries such as automotive, semiconductor, rubber and plastics, wood and paper, and printing has reduced and most of the surface vision and inspection systems companies experienced disturbance in supply chain. Slowdown in production by automotive OEMs due to COVID-19 crisis has resulted in demand variation for surface vision and inspection systems. Thus, consequently impacting the surface vision and inspection market growth.
To know the latest trends and insights prevalent in this market, click the link below:
Browse 150 market data tables* and 90 figures* on “Global Surface Vision and Inspection Market- Global forecast to 2028”
Key Trends and Analysis of the Global Surface Vision and Inspection Market:
Joining thousands of companies around the world committed to making the Excellent Business Solutions.