North America 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 North America Defect Detection Market would witness market growth of 6.3% CAGR during the forecast period (2021-2027).
Autonomous manufacturing defect detection systems provide enhanced efficiency and accuracy, consistently adjusting to identify latest kinds of defects across industries and verticals. From nanometric semiconductors to big engine parts of a commercial airplane, production yield and customer satisfaction majorly rely on AI-based quality control.
The Canadian government has taken numerous initiatives like different trade agreements with other nations, decreasing the taxes for new investments, various skill training programs, and investments in the latest technologies. All these initiatives have supported the manufacturing industry of the nation, thereby supporting the regional market. Hence, these factors would collectively create lucrative growth opportunities for the players operating in the regional defect detection market during the forecasting period.
The US market dominated the North America Defect Detection Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1,004.2 million by 2027. The Canada market is experiencing a CAGR of 8.8% during (2021 - 2027). Additionally, The Mexico market would showcase a CAGR of 7.8% during (2021 - 2027).
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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Defect Detection Market is Estimated 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
- Rest of North America
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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