The Europe Defect Detection Market would witness market growth of 6.2% CAGR during the forecast period (2021-2027).
Factors such as increased focus of manufacturers on automating quality control and quality assurance processes, strict health and safety measures made by governments, massive demand for application-specific integrated circuits (ASICs) are likely to open new growth avenues for the players operating in the overall defect detection market during the forecasting period.
In 2016, Poland formed a ministry of digital affairs to support the development of broadband infrastructure, make web content, and encourage digitization among citizens. Furthermore, there are several supportive initiatives in the rest of Europe for innovation policies & programs regarding digitization to improve research and testing opportunities. These factors would boost the growth and demand for defect detection in the market during the forecasting period.
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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The Germany market dominated the Europe Defect Detection Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $379.9 million by 2027. The UK market is estimated to grow a CAGR of 5.4% during (2021 - 2027). Additionally, The France market would exhibit a CAGR of 6.9% during (2021 - 2027).
Free Valuable Insights: The Global Defect Detection Market Size will Hit $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
By Application
By Vertical
By Country
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