Turning Data Into Action: The Future Of the Surface Inspection Market

 The surface inspection market is expected to grow from USD 3.5 billion in 2021 to USD 5.3 billion by 2026, at a CAGR of 8.6% during the forecast period. Increase in wages of manual workforce in various countries is the major driver as this would prompt companies towards automation to reduce cost. Advancements in CMOS technology make them increasingly appealing for industrial machine and helping surface inspection market to expand in more industries and offer for more complicated applications. CMOS sensors have a high frame rate and high resolution, i.e., a number of pixels; low power consumption; and improved noise characteristics, quantum efficiency; and color concepts have allowed them to be used in several applications, including the food & beverage industry, electrical & electronics industry, traffic, and medical & pharmaceuticals.

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Integration of surface inspection system with artificial intelligence (AI), deep learning, and big data analytics would change the business landscape significantly. employs neural networks and pattern recognition to generate deep insights that would otherwise be incomprehensible to other types of programs.  Traditional image sensors can only enable a portion of inspection process automation. Sensors cannot adapt to diverse materials and shapes for the objects to be inspected, and adjustment is not possible unless sophisticated expert knowledge is available. However, an automated visual inspection technology based on AI and deep learning is capable of defecting different types of objects and is easy to set up by integrators, manufacturers, and end users as well for the automation of inspection processes.  

Deep learning, an advanced technology based on AI's higher intelligence, allows for the rapid identification of defective parts and products that must be removed from the assembly. Images captured by smart cameras/cameras are used to teach the software every detail, just like humans. It offers an algorithm to the deep learning suite, and, as the name implies, it learns from the details that are fed to it. The deep learning technology and AI utilizes a defect detection algorithm, input (lighting/imaging) technologies that highlight defects and driving technology that adapts to object profiles to deal with a wide range of objects and defect types. In 2019, the US Food and Drug Administration (FDA) announced plans to regulate AI systems that can update and improve themselves as they consume more training data. The agency issued a white paper proposing a regulatory framework for determining how medical products that use AI should seek approval before being released to the public. It is the FDA's most significant step to date toward formalizing oversight of products that use machine learning (ML).
 
The surface inspection market for automotive vertical is expected to grow at highest CAGR during the forecast period. The automotive industry requires surface inspection of complex parts such as cylinder bores and crankcases, and reflective painted parts, which are challenging to inspect with the human eye. Surface inspection systems are also required for areas inaccessible to humans and for applications that cause health hazards. The automotive industry is flourishing in most developed and emerging regions. This is due to demand from Germany and France, which are leading automobile manufacturing countries. Europe’s open economy is attracting various companies to the region. European governments are also compelling to manufacture electric vehicles. Initiatives taken by the French government’s 10-year plan have further propelled the automotive industry in Europe.  The automotive industry is witnessing decent growth in emerging countries due to various factors like increasing wages and decreasing unemployment due to industrialization. There is fierce competition in the market, with countries other than the US, Japan, and Germany manufacturing cars at lower prices.
 
 
The surface inspection market for software is expected to grow at 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. Recent advancements in software for surface inspection systems have fueled its market with more enhanced big data analytics, artificial intelligence, and self-learning capabilities. Surface inspection software vendors, such as elunic (Germany), Bluewrist (Canada), and Nanonets (US), integrate deep learning and AI concepts with their software solutions and provide a high level of flexibility in the application and control of surface inspection systems.

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