Current And Future Surface Inspection Market Size, Key Players, Analysis and Forecast

 According to a research report "Surface Inspection Market with COVID-19 Impact Analysis, By Component, Surface Type (2D and 3D), System (Computer-based and Camera-based), Deployment Type (Traditional Systems and Robotic Cells), Vertical, and Geography - Global Forecast to 2026" published by MarketsandMarkets, the surface inspection market is projected to grow from USD 3.5 billion in 2021 to USD 5.3 billion by 2026; it is expected to grow at a CAGR of 8.6% during the forecast period. The Increase in demand of electrical and electronic devices is providing growth for surface inspections. Moreover, the increase in adoption of smart cameras, enhanced software, and powerful image processors owing to their benefits and features; increase in demand of electrical and electronic devices; and initiatives by governments and public-private companies to mitigate COVID-19 impact across the globe plays a key role in driving the growth of the surface inspection market.

• KEY TECHNOLOGIES
              • Advancements in CMOS technology make them increasingly appealing for industrial machine
             •  Emergence of mobile/portable vision systems

High-performance and innovative inspection systems are required to fulfill quality standards in the electrical and electronics industries. The electrical and electronics industry requires inspection systems for the detection of defects in circuit boards, wafer inspection, optical line-width measurement, magnetic disk drive head inspection, and inspection of printed and flexible electronics (displays). Owing to COVID-19, the surface inspection market faced headwinds for 2019-2020. It is rather expected to start witnessing recovery in 2021-2022.

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Surface inspection market in APAC to witness highest CAGR during forecast period

APAC is expected to dominated the surface inspection market, during 2021-2026. in terms of value. In terms of volume also, APAC is expected to dominated the market throughout the forecast period. The surface inspection market in APAC is further expected to grow at the highest CAGR during the forecast period and dominate the market throughout the forecast period both in terms of value and volume. APAC is considered a major manufacturing hub in the world and expected to provide ample growth opportunities to the surface inspection market in this region.

The surface inspection market in APAC has witnessed higher growth in the past 10 years than the maturing markets in Europe and the Americas due to low production costs, easy availability of economical labor, lenient emission & safety norms, and government initiatives for Foreign Direct Investments (FDIs). OEMs and suppliers of surface inspection systems have set up production and sales facilities in this region to cater to local as well as other markets. The aging population in China and Japan has resulted in rising labor costs, leading to the growing adoption of automation. The growing population is also attracting companies to invest in APAC. Major companies have a base in APAC, including KEYENCE (Japan), OMRON (Japan), Panasonic (Japan), Sony (Japan), Sipotek (China), ADLINK (Taiwan), Alpha Techsys (India), SensoVision Systems (India), Kevision Systems (India), and MORITEX (Japan).

The key players in the surface inspection market include KEYENCE (Japan), Cognex (US), ISRA VISION (Germany), OMRON (Japan), Teledyne Technologies (US), Matrox Electronic Systems (Canada), Basler (Germany), VITRONIC (Germany), Teledyne FLIR (US), Datalogic (Italy), Kitov (Isarel), Dark Field Technologies (US), IMS Messsysteme (Germany), Panasonic (Japan), AMETEK (US), National Instruments (US), Sick (Germany), Baumer (Switzerland), MORITEX (Japan), Sony (Japan), Allied Vision Technologies (Germany), Industrial Vision Systems (UK), PIXARGUS (Germany), In-Core Systèmes (France), and Sipotek (China)

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