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. The surface inspection refers to an automated process performed by inspection systems. Cameras and sensors are considered as the crucial components of this system. Powerful lenses capture outside images and transfer them to the computer where they are processed in a digital format. On the basis of pre-determined criteria, the software can detect much smaller variations. The system compares the data with target values or reference images.
Laser technology is also used to scan surfaces, which generate three-dimensional images in the computer. In addition, test systems are capable of detecting the defects on the surface and can decide whether the product is defective or not. The vision surface inspection can be performed with much faster production processes by using efficient microchips & high-resolution cameras and wide capacities of the computer. In addition, recordings are taken from various cameras and from various perspectives to display the product completely in one operation. Moreover, the technology can test even the surfaces that are not smooth and goods by the meters like fabrics, plastic films, cables, and latex.
The objective of the surface inspection is to identify errors in the surface for good quality control in real-time. This system finds extensive applications in industries like semiconductors and electronics, which are witnessing high deployment of high-level integration. Additionally, the tolerance level of assembly has reduced, owing to which the demand for surface inspection systems is anticipated to fuel in the forthcoming years. Moreover, the increasing income levels and growing population are some determinants that will propel the growth & demand of these solutions in the market.
The outbreak of the COVID-19 pandemic has created a massive burden on the global healthcare industry, which has significantly affected various industries and markets including the surface inspection market. Several small and medium manufacturers of surface inspection systems witnessed a negative impact of the pandemic. This is attributed to the halt in operations of the automotive sector for about one and half years. The automotive sector is considered to be the biggest industry contributing to the growth of the surface inspection market. In addition, the sales of vehicles decreased across the world, owing to the travel bans and lockdowns imposed in various nations around the globe.
As stated by World Trade Organization, the exports of automobile products significantly reduced in 2020 across the world. However, it is anticipated that the surface inspection market would witness promising growth, owing to factors like advanced software, the growing implementation rate of smart cameras, the surge in labor costs in several nations, powerful image processors due to their benefits & features, a growing number of initiatives by governments & public-private companies to reduce the impact of the COVID-19 and rise in demand of electrical & electronic devices.
The performance of a surface inspection system is decided by the features and technologies of components like optics, processors, software, illumination equipment, camera, and image sensors. There are several improvements done in embedded processors due to which, smart cameras are able to extend the capabilities that enable them to implement inspection activities separately.
To cope up with the demand of the evolving world, surface inspection systems are now incorporated with robots that are helping in enhancing the processing speed, decreasing human errors, and reducing costs. Another name given to surface inspection systems is VGR systems that are utilized in various industries such as electronics, food processing, and automotive. The increase in the demand for robots is directly proportional to the demand for surface inspection systems.
In a manufacturing company or factory, interoperability is a major function. To coordinate and connect software and hardware with several inspection systems, there is a need for a modular framework. The focus is given on both, hardware interchangeability between surface inspections (vision system) & robot arms and software that is utilized for monitoring, diagnosing, and programming.
Based on Surface Type, the market is segmented into 2D and3D. 3D techniques offer accurate data that help manufacturers in obtaining precise results. Also, 3D scanning has gain traction as it provides superior speed and accuracy in both point cloud data processing and 3D scanners, which has made it a more helpful and popular method of capturing surface geometry. Additionally, it is identified that 3D techniques have the capability to overcome the drawbacks of 2D techniques, which is enabling manufacturers to inspect the product in a 3-dimensional way.
Based on Deployment Type, the market is segmented into Computer based and Camera based. The Computer-based segment would acquire a prominent growth rate in the surface inspection market during the forecast years. The benefits like greater processing power, higher speed, choice of line scan or area scan cameras, adaptability with third-party software, easy upgrades due to detachable components, and more flexibility to handle a large number of applications are provided by computer-based systems, hence boosting the demand & growth of the segment in the global market.
Based on Component, the market is segmented into Cameras, Lighting Equipment, Processors, Software, Frame Grabbers & Optics, and Others. With the evolving time, cameras are witnessing up-gradation in their resolutions and frame rate. Additionally, cameras and software are irreplaceable whereas other components are being replaced due to a decrease in their demand. Moreover, camera-based systems equipped with onboard processors are highly available in the market due to which, the demand for standalone processors is anticipated to decrease over the forecast period.
Based on End User, the market is segmented into Semiconductor & Electronics, Food & Beverages, Healthcare, Automotive, Paper & Wood, Glass & Metal, Plastic & Rubber, and Others. The automotive industry needs numerous cameras in order to inspect several sizes and shapes in 2D and 3D planes. It is witnessed that the market has grown rapidly in the past few years and is growing at the same speed in several segments like electric vehicles and luxury vehicles. In addition, 2D and 3D technologies are also required in semiconductor manufacturing as it comprises numerous steps in quality inspection, from the inspection of the correct positioning of components to the identification of cracks on PCBs. Moreover, 2D and 3D cameras are gaining traction in this industry as computer-based systems contain various sockets that can be easily connectable with them.
| Report Attribute | Details |
|---|---|
| Market size value in 2020 | USD 3 Billion |
| Market size forecast in 2027 | USD 5.6 Billion |
| Base Year | 2020 |
| Historical Period | 2017 to 2019 |
| Forecast Period | 2021 to 2027 |
| Revenue Growth Rate | CAGR of 8.4% from 2021 to 2027 |
| Number of Pages | 319 |
| Number of Tables | 504 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Competitive Landscape, Companies Strategic Developments, Company Profiling |
| Segments covered | Surface Type, Deployment Type, Component, End User, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
| Growth Drivers |
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| Restraints |
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Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. The North America market is among the major regions in the Global Surface Inspection Market by Region in 2020, growing at a CAGR of 7.8 % during the forecast period. The Europe market is experiencing a CAGR of 8% during (2021 - 2027). Additionally, The Asia Pacific market is expected to witness a CAGR of 9.2% during the forecast period.
Free Valuable Insights: Global Surface Inspection Market size to reach USD 5.6 Billion by 2027
The major strategies followed by the market participants are Product Launches. Based on the Analysis presented in the Cardinal matrix; Panasonic Corporation, Keyence Corporation, Ametek, Inc. are the forerunners in the Surface Inspection Market. Companies such as Cognex Corporation, Teledyne Technologies, Inc., Basler AG are some of the key innovators in the market.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include 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.
By Surface Type
By Deployment Type
By Component
By End User
By Geography
The global surface inspection market size is expected to reach $5.6 billion by 2027.
Benefits offered by powerful image processors and smart cameras have boosted their deployment are driving the market in coming years, however, Complexity in interoperability and integration of varied robotic frameworks with available facilities limited the growth of the market.
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.
The expected CAGR of the surface inspection market is 8.4% from 2021 to 2027.
Camera segment is anticipated to acquire the maximum revenue share of the surface inspection market during the forecasting years.
Asia-Pacific is anticipated to be one of the largest revenue generating regions of the surface inspection market during the forecast period.
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