The Asia Pacific Defect Detection Market would witness market growth of 6.6% CAGR during the forecast period (2021-2027).
Conventionally, keeping track of the quality of final products has been a time taking process with low level of accuracy. However, this process can be easily and completely automated with the developments in deep learning. With the help of artificial intelligence for detection production flaws enables the manufacturers to realize lowered production cost, and higher speed, and accuracy.
With the exploding digitalization and industrialization in the emerging nations of the region, the demand for enhanced manufacturing facilities would increase in the coming years. Technologies such as defect detection make the manufacturing units advanced as they prevent the faulty products to reach to the final stage of the production cycle. Several initiatives by the Australian government are motivating various companies to defect detection systems in the last couple of years.
Based on Component, the market is segmented into Hardware, Software and Services. Based on Application, the market is segmented into Manufacturing and Packaging. Based on Vertical, the market is segmented into Electronics & Semiconductors, Automotive, Metals & Machinery, Food & Packaging and Pharmaceuticals. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The China market dominated the Asia Pacific Defect Detection Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $514.8 million by 2027. The Japan market would experience a CAGR of 6% during (2021 - 2027). Additionally, The India market is estimated to witness a CAGR of 7.3% during (2021 - 2027).
Free Valuable Insights: The Worldwide Defect Detection Market is Projected to reach USD 5.1 billion by 2027, at a CAGR of 6.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Microsoft Corporation, IBM Corporation, Amazon.com, Inc., Omron Corporation, Cognex Corporation, Datalogic S.p.A. (Hydra S.p.A.), Nikon Corporation, Keyence Corporation, Teledyne Technologies, Inc., and ISRA Vision AG (Atlas Copco).
By Component
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