USD 5.02 billion
Report ID:
SQMIG45N2051 |
Region:
Global |
Published Date: August, 2024
Pages:
197
|Tables:
59
|Figures:
75
Surface Inspection Market size was valued at USD 5.44 Billion in 2023 and is poised to grow from USD 5.89 Billion in 2024 to USD 11.14 Billion by 2032, growing at a CAGR of 8.3% during the forecast period (2025-2032).
In the healthcare and automobile industries, the increasing requirement of 3D vision systems employing laser triangulation throughout the forecast period will contribute to the surface inspection market growth. In pharmaceutical companies, such technologies for rapid inspection have a need to determine foreign particles in raw materials of finished product to be separated from other parts. Pharmaceuticals uses laser technology in several different ways, mostly where security and traceability are a matter of high priority, including checking the blister and seal of an insoluble product from packaging. Surface vision and inspection is expected to evolve during the forecast period with the growth of demand for 3D technologies using lasers in manufacturing lines and high application such as paint and car surface inspection. Surface vision has been made possible through a machine learning approach to the design of the surface vision system. It encompasses the whole process such as preprocessing, feature extraction, categorization, and image capture. In addition, in-line image processing technology can accurately map, filter, detect, and classify specific defects over the entire surface. It is expected that improvements in these areas would affect the growth of surface inspection. This shall also be fueled during the forecast period by focus on developing machine learning algorithms as an integration with vision systems by making use of Convolution Neural Networks (CNN), Artificial Neural Networks (ANN), Support Vector Machines (SVM), and Extreme Learning Machines (ELM).
US Surface Inspection Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 5.02 billion
Largest Segment
2D
Fastest Growth
3D
Growth Rate
8.3% CAGR
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The Global Surface Inspection Market is segmented by component, end-user, vertical and region. Based on component, the market can be segmented into Camera, Frame Grabbers, Optics, Lighting Equipment, Processors, Software, and Others. Based on vertical, the market is segmented into Semiconductors, Automotive, Electrical & Electronic, Glass & Metal, Food & Packaging, Paper & Wood, Pharmaceutical, Plastic & Rubber, Printing, Nonwovens, Postal & Logistics. Based on surface type, the market is segmented into 2D and 3D. Based on system, the market is segmented into computer and camera based system. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by Surface Type
As per the 2023 surface inspection market forecast, the market was mainly dominated by the 2D category. For 2D surface inspection, from the industries to healthcare, these categories are essential for the various sectors. Accurate surface inspection ensures the product integrity, identifies faults, and detects imperfections in the early stages of the production process, making quality control one of the factors that drive the demand for 2D surface inspection in the manufacturing industry. This minimizes waste and increases overall quality. Automated 2D surface vision systems also can rapidly scan and analyze surfaces, which accelerates inspection procedures and increases yield.
Based on the surface inspection market analysis, the 3D technology category is expected to grow at the fastest compound annual growth rate (CAGR). As companies remain committed to throughput optimization and minimizing human error, automated inspection devices with advanced 3D vision capabilities offer a strong solution. These systems are excellent for quality control and manufacturing processes as they can measure dimensions, do in-depth surface analysis, and rapidly discover flaws with little assistance from humans. The inclusion of 3D vision technology increases overall productivity, lowers operating expenses, and ensures increased production precision—all of which are critical in satisfying the growing need for accuracy and efficiency across a range of sectors.
Analysis By System
The computer-based systems segment was the most prominent in the 2023 surface inspection industry. Computer-based surface inspection systems are highly crucial in different industries; they improve efficiency in the industry and revolutionize quality control. The devices examine the surface features of items with highly accurate resolution, through high-resolution cameras and algorithms. These systems are widely used because they can detect defects and anomalies that humans might overlook, thus ensuring products meet very stringent quality standards. It is thus expected that this market for computer-based surface inspection systems will be led by such considerations.
Between 2024 and 2031, the camera-based systems category is expected to grow at the fastest rate. The widespread adoption of innovative technologies such as AI and ML makes it possible to identify and classify faults in real-time with the aid of collected pictures. Moreover, their ability to function in various environments, such as strong lighting and different surface textures, underlines their growing importance across industries. What is more, by incorporating such systems with machine learning algorithms, they are able to learn and develop continuously and incrementally improve their inspection abilities. As a result, unprecedented degrees of efficiency and quality are now achieved in industries that enhance innovation and competitiveness at a world level.
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North America had the largest percentage share of more than 24% in the surface inspection market in 2023. The demand for surface inspection systems in food and beverage production, pharmaceuticals, and cosmetics is driving growth in the market. Strong governmental regulations and quality control norms in many sectors have contributed to adopting these systems with a strong focus on ensuring safety and quality. The increased implementation by companies has further encouraged companies to invest in automated inspection technology for complying with government regulations, productivity improvement, and reduction of human errors in operations. This is thus indicative of the demand for high-precision and efficient manufacturing process implementation in North America.
However, the Asia-Pacific surface inspection market is growing at a significant rate, with an expected CAGR of 10.0% from 2024 to 2031. Rapid industrialization in developing countries, along with the robust presence of major semiconductor, electronics, and automobile manufacturers, has significantly fueled the demand for advanced surface inspection systems. Moreover, the rising demand for increased production efficiency and stringent quality standards are fueling the market. Automated inspection systems are becoming increasingly relevant because manufacturers are looking for higher accuracy and precision in their products. This growing quality control and operational efficiency emphasis is critical to meeting the needs of the region's evolving industrial requirements.
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Surface Inspection Market Drivers
Increasing Demand for Quality Control
Advancements in AI and Machine Learning Technology
Surface Inspection Market Restraints
High Initial Outlay of Funds
Complexity of Integration
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The surface inspection market is characterized by competition with both established and growing companies. The top global companies in the industry-Cognex, Keyence, Teledyne DALSA, and Omron-wield significant market control due to their state-of-the-art machine vision solutions and AI-based technologies. Amongst other strategies, businesses operating in this space focus on innovation and strategic alliances and acquisitions to enhance their products. Regional companies' recent increasing adoption of automation and 3D inspection technologies have further increased competition.
Surface Inspection Market Top Player’s Company Profiles
Surface Inspection Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected using Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the surface inspection market is expected to grow rapidly due to the rising demand for high standards in sectors such as electronics, food & beverage, automotive, and pharmaceuticals. Technological advancements are transforming the business by increasing production, reducing errors, and enhancing accuracy, particularly in the areas of artificial intelligence, machine learning, and 3D vision systems. High upfront costs and the integration of new technology into old systems is deterring, especially among small businesses. Despite this, companies are working toward a strict requirement of quality control, thus propelling them towards automation and high technology in inspection. Taking everything into account, the market will tend to grow rapidly with changing industrial requirements and with technological development.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 5.02 billion |
Market size value in 2031 | USD 10.29 billion |
Growth Rate | 8.3% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Surface Inspection Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Surface Inspection Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Surface Inspection Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Surface Inspection Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG45N2051
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