Published Date: 2-Nov-2021
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According to a new report Global Surface Inspection Market, published by KBV research, The Global Surface Inspection Market size is expected to reach $5.6 billion by 2027, rising at a market growth of 8.4% CAGR during the forecast period.
Camera segment is anticipated to acquire the maximum revenue share of the surface inspection market during the forecasting years. This is attributed to its applications at different places like inspection of large objects such as doors of automobiles would need various cameras to cover large areas and inspection of packaging for proper lids & labels.
The 3D surface inspection systems would witness a prominent growth rate over the forecasting years. In addition, 2D surface inspection techniques are being replaced by 3D surface inspection techniques in quality control and manufacturing, owing to which its demand for the complexity of surfaces and product quality is boosting.
Asia-Pacific is anticipated to be one of the largest revenue generating regions of the surface inspection market during the forecast period. This is attributed to the existence of several manufacturers and the presence of varied economies that have been developed or still developing in this region. In addition, this region is regarded as a major manufacturing hub across the world and thus would open new avenues for the growth of the regional surface inspection market. In the past few years, this market is significantly growing in this region, owing to the easy availability of economical labor, government initiatives for Foreign Direct Investments (FDIs), flexible emission & safety regulations, and low production costs.
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Omron Corporation., Panasonic Corporation, Keyence Corporation, Cognex Corporation, Teledyne Technologies, Inc., Basler AG, ISRA Vision AG (Atlas Copco), Ametek, Inc., VITRONIC Machine Vision, and Matrox Electronic Systems Ltd.
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