Surface Inspection Market by Grade, by End-Use Industry and by Region - Global Trends and Forecasts to 2021

Increasing use of smart cameras and advanced image processors and surface inspection system integration with AI, industrial internet of things (IIoT), and cloud services are some key factors driving global surface inspection market growth

The global surface inspection market size reached USD 3.22 Billion in 2020 and is expected to register a revenue CAGR of 8.3%, during the forecast period, according to latest analysis by Emergen Research. Increasing usage of smart cameras and powerful image processors, as well as increasing integration of surface inspection systems with Artificial Intelligence (AI), the Industrial Internet of Things (IIoT), and cloud services, are expected to continue to drive global surface inspection market revenue growth between 2021 and 2028.

Rising application of surface inspection systems in the automotive industry is also expected to propel revenue growth of the market during the forecast period. For preventing errors at all phases of manufacturing, the automotive industry is reliant on high-quality surface inspection systems. Various material and production-induced faults are captured by surface inspection systems. Surface scanning can be used to check defects in complicated parts such as crankcases, cylinder bores, and cylinder heads, and also surface parts like printed electronics and cylinder head gaskets.

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The report further studies the key companies operating in the industry and their company profiles, product portfolio, expansion strategies, and strategic alliances such as mergers and acquisitions, collaborations, and joint ventures, among others. It also offers insights into their market reach and global position, along with highlights about their achievements and financial standings.

Some major companies in the market report include:

Basler AG, ISRA Vision AG, Keyence Corporation, Omron Corporation, Cognex Corporation, Teledyne Technologies Inc., Matrox Electronic Systems Ltd., Datalogic S.p.A., AMETEK, Inc., and SICK AG

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Key Highlights from the Report

Software segment revenue is expected to expand at a significantly rapid CAGR during the forecast period. One of the major components of the surface inspection system is software. Image capture, processing, and analyzing operations are all controlled by software.

Automotive segment is expected to register a significantly robust revenue growth rate over the forecast period. Various large components, like door panels, must be inspected using several cameras in the automotive industry, driving revenue growth of the segment.

Asia Pacific is expected to account for a larger revenue share than other regional markets over the forecast period. Robust presence of key players including Omron Corporation and Keyence Corporation are among others in countries in the region is expected to drive market growth in Asia Pacific.

Emergen Research has segmented the global surface inspection on the basis of surface type, component, system, deployment type, end-use, and region:

Surface Type Outlook (Revenue, USD Billion; 2018–2028)

2D

3D

Component Outlook (Revenue, USD Billion; 2018–2028)

Software

Hardware

Cameras

Lighting Equipment

Processors

Optics

Frame Grabbers

Others

System Outlook (Revenue, USD Billion; 2018–2028)

Camera-based

PC- based

Deployment Type Outlook (Revenue, USD Billion; 2018–2028)

Robotic Cells

Traditional Systems

End-Use Outlook (Revenue, USD Billion; 2018–2028)

Automotive

Electrical Electronics

Food Beverage

Healthcare

Printing

Logistics

Others

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Regional Analysis:

The report further examines the market in the key regions of the world with regard to production and consumption patterns, import/export, supply and demand ratio, revenue generation, market share and size, and presence of prominent players in the regions. The report also covers the expansion plans undertaken by companies in the regions under the regional analysis section.

Key regions in the market include:

North America

U.S.

Canada

Europe

U.K.

Italy

Germany

France

Rest of EU

Asia Pacific

India

Japan

China

South Korea

Australia

Rest of APAC

Latin America

Chile

Brazil

Argentina

Rest of Latin America

Middle East Africa

Saudi Arabia

U.A.E.

South Africa

Rest of MEA

The report considers the following timeline for market estimations:

Historical Years: 2018 – 2019

Base Year: 2020

Estimated Year: 2028

Forecast Years: 2021 – 2028

Questions addressed in the report:

What is the estimated market growth rate throughout the forecast period?

Which end-use industry is expected to witness the highest demand for Surface Inspection in the near future?

What is the regulatory framework governing the application of Surface Inspection in the food industry?

Which manufacturing processes are utilized for the production of Surface Inspection?

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