The surface vision and inspection market is segmented into components that include cameras, optics, lighting equipment, frame grabber, and hardware & software. Cameras will hold the majority of the segment as the images produced are accurate, sharper, and require less processing resources. The hardware & software segment is expected to have the highest growth due to increased demand for better image processing software and advanced prescriptive analytics solutions.
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The electronics & electrical industry holds the major share in the surface vision and inspection market due to excessive usage of inspection systems in chip fabrication. Silicon wafers, embedded System on Chip (SoC), Integrated Circuits (IC), and processors increasingly make use of surface vision and inspection tools for faster and precise inspection. The automobile sector is expected to have the highest growth as increased complexity of assembly lines and its massive scale of production volume drive the use of surface vision and inspection tools.
North America held a significant surface vision and inspection market share in 2018 and is estimated to dominate the market over the forecast timeline. The rapid adoption of surface vision systems by Canada’s automotive industry to eliminate human inspection has contributed to market growth. The Canadian automotive industry aims at replacing 50% of human-based surface inspections by 2025 and nearly 95% by 2030. The presence of global market leaders Ametek (U.S.) and Creoform (Canada) in this region has also enabled SaaS-based offerings where enterprises can have their products inspected online without any infrastructure, requiring a camera and lighting solutions on their end.
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The Asia Pacific surface vision and inspection market is expected to grow significantly due to the rapid increase in manufacturing activities, automation of production plants, and rise in investments in assembly line automation, especially in India, China, Taiwan, and South Korea. As per 2018 report from Quality Council of India, almost 80 million tons of products needed high precision quality inspection in India, an increase of 18% over 2017.
Government-backed initiatives, such as Made in China 2025, aimed to transform China from low cost and quality market to high valued goods manufacturer while Zero Defect Zero Effect (ZED) initiative by the Ministry of MSME, Govt. of India has propelled market growth in the region.
At Global Market Insights, our researchers and domain experts use a unique blend of primary and secondary research, with validation and iterations at every stage, in order to minimize deviation and present the most accurate analysis of the surface vision and inspection market. The research process begins with extensive data mining, using authentic sources such as trade magazines, technical publications, independent studies along with paid avenues such as ICIS, Hoovers, etc. Primary objectives of data mining include:
- Definition and scope of research
- Market dynamics, growth drivers and industry pitfalls
- Regulatory and political guidelines for the industry
- Demographics and statistical data
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Some of the key players operating in the surface vision and inspection market are Adept Technology, Inc., Allied Vision Technologies GmbH, ISRA Vision AG, AMETEK, Basler AG, Baumer Inspection, Cognex Corporation, Datalogic S.P.A, Edmund Optics, Inc., ETS SuperVision BV, Flir Systems, Industrial Vision Systems Ltd., Keyence Corporation, Matrox Imaging, Microscan Systems, Inc., Moritex Corporation, National Instruments Corporation, Panasonic Corporation, Omron Corporation, Perceptron Inc., Sony Corporation, Teledyne DALSA Inc., and Vitronic GmbH.
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