Surface Inspection Market | Size, Share, system and Industry Analysis and Market Forecast to 2025

The surfaceinspection market is expected to grow from USD 3.7 billion in 2020 to USD 5.3 billion by 2025, at a CAGR of 7.4% during the forecast period. An increase in wages in various countries is the major driver, as this would prompt companies towards automation to reduce costs. Advancements in vision technology such as cameras with improved resolution, faster processors and robust software are another driver as this is helping the surface inspection market to expand in more industries and offer more complicated applications.

The integration of the surface inspection system with the Industrial Internet of Thing (IIoT) would change the business landscape significantly. The IIoT makes it much easier to gather and manage large volumes of plant floor data not only in an individual plant but throughout multiple facilities via the cloud. When combined with analytics, organizations can obtain more significant insights, enabling them to boost manufacturing performance, improve product quality and carry out preventative maintenance. Due to this connectivity surface inspection systems can analyze defects better and go one step further in finding the cause of the defect. IIoT will enable a future without machine downtime, zero inefficiencies, and more affordable products.

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The surface inspection market for the automotive vertical is expected to grow at the highest CAGR during the forecast period. The automotive industry is seeing good growth in emerging countries due to various factors like increasing wages and a decrease in unemployment due to industrialization. With government funding for electric clean vehicles in developed countries, the saturated markets in these regions are also revitalizing. For instance, according to the French government’s ten-year plan, the country plans to manufacture 2 million electric vehicles by 2020.  Also, there is fierce competition, with countries other than US, Japan and Germany manufacturing cars at a much cheaper price. Therefore, quality has become an important parameter making surface inspection important in the automotive vertical. Also, cars are manufactured at a high rate. For instance, in 2019, Toyota (Japan) manufactured cars at a rate of 24,616 cars per day. Therefore, the need for a surface inspection system is immense to increase efficiency and avoid human error.

The surface inspection market for software is expected to grow at the highest CAGR during the forecast period. Development in hardware would reach saturation earlier after which software would have to aid innovation and in making systems optimum. Other components are finding replacements, but camera and software remain unreplaced, making their demand unreduced.  Demand for processor is expected to reduce due to camera-based systems. Optics can be replaced by using robotic cells which offer flexibility in distance between camera and work item. With the advent of high-resolution cameras, frame grabbers are not required for low-end applications. Also, software contributes significantly to the cost of a surface inspection system and profit margin would be more for software manufacturing companies. The surface inspection market is moving towards robotic cell and 3D technology, where software has a more important role.

Increasing demand for robot-based inspection systems, especially for collaborative robots (cobots), is the main opportunity for the surface inspection market. Collaborative robots are more popular because they enable humans and robots to work together effectively in open or uncaged environments. They are witnessing widespread adoption not only in small and medium-sized enterprises but also in large-scale, traditional industries such as automotive. Therefore, integration of the surface inspection system with robots would be a common choice by companies in the future.  The main challenge faced by the surface inspection system is to adapt to the changing product features according to advancement in technology. Therefore, companies are moving towards robotic cells that inspect a product from 360 degrees like a human eye and thereby making inspection independent of product shape and size. Robotic cells are more accurate and reliable as the field of view of the camera, and perspective can be tailored. Robotic cells offer flexibility by offering motion in all three directions. Therefore, they can be used to inspect hard to reach areas. Currently, there are very few companies such as Kitov.ai (Israel) and Vitronic (Germany) which are offering robotic cell solutions. Therefore, it is a good option to invest in this technology.

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