LAMEA Defect Detection Market By Component (Hardware, Software and Services), By Application (Manufacturing and Packaging), By Vertical (Electronics & Semiconductors, Automotive, Metals & Machinery, Food & Packaging and Pharmaceuticals), By Country, Opportunity Analysis and Industry Forecast, 2021 - 2027
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Market Report Description
The Latin America, Middle East and Africa Defect Detection Market would witness market growth of 8.9% CAGR during the forecast period (2021-2027).
AI solutions utilized for quality control make use Machine learning and defect prediction models to automatically learn and create insights from the data of manufacturers. Instead of depending on the rules of experts such as their older machine vision counterparts, these models can learn independently as to which functions are crucial and develop latest rules that identify which combinations of the functions can influence the overall product quality.
The increasing digitalization across various nations of the region is one of the crucial factors fueling the regional defect detection market. In addition, governments of the region are taking numerous initiatives to motivate companies to invest more in their digital infrastructure and increase the effectiveness and efficiency of the production as well as manufacturing processes.
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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The Brazil market dominated the LAMEA Defect Detection Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $102.8 million by 2027. The Argentina market would showcase a CAGR of 9.5% during (2021 - 2027). Additionally, The UAE market is experiencing a CAGR of 8.6% during (2021 - 2027).
Free Valuable Insights: The Global Defect Detection Market is Predict to reach $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).
Scope of the Study
Market Segments Covered in the Report:
- Electronics & Semiconductors
- Metals & Machinery
- Food & Packaging
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- 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.
- ISRA Vision AG (Atlas Copco)
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