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Global Surface Vision and Inspection Market growing by Increasing Market Share and Forecast 2026

Businesses can achieve practical and enduring results which are driven by accurate and timely research. Surface Vision and Inspection Market report evaluates the growth rate and the market value based on market dynamics and growth inducing factors. It also provides the list of major competitors along with the strategic insights and analysis of the key factors influencing the Semiconductor and Electronics industry. Global Surface Vision and Inspection Market report provides in-depth market data and forecast by analyzing key business trends and identifying potential growth avenues across the entire value chain. This Surface Vision and Inspection Market  has been formed with the vigilant efforts of innovative, enthusiastic, knowledgeable and experienced team of analysts, researchers, industry experts, and forecasters.

Global surface vision and inspection market is expected to register a substantial CAGR in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017.

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Market Definition: Global Surface Vision and Inspection Market

Surface vision and inspection is the service of detecting any flaws/defects in the surfaces of objects and instruments while they are under the manufacturing process. This process utilizes certain specialised cameras, lighting systems, and other inspection equipments for accurate detection of any flaws. With the advancements in technologies, machine vision surface inspection method has been in wide-spread use in the market which has increased its application areas such as in automotive, electronics, medical, food and various other applications.

Market Drivers:

  • Rapid growth in demand for better quality of products and improvements in efficiency of supply chain is expected to drive the growth of the market
  • Availability of advanced inspection and vision technologies such as “machine vision” resulting in greater reliability of inspection
  • Better performance of manufacturing operations with enhanced control over quality improving the levels of satisfaction for consumers; this factor is expected to foster growth of the market
  • Presence of strict regulations regarding the quality inspection and defect detection is also expected to drive the growth of the market

Market Restraints:

  • Absence/dearth of technically skilled individuals creating the problem of proper integration of these systems in the various industries; this factor is expected to restrict the growth of the market
  • Lack of expertise in organizations and their employees which is resulting in lack of reliability of these systems; this factor is also expected to restrict the growth of the market

Segmentation: Global Surface Vision and Inspection Market

By Type

  • Computer Systems
  • Camera Systems

By Component

  • Hardware
    • Camera
    • Optics
    • Lighting
    • Frame Grabbers
    • Others
  • Software

By Application

  • Automotive
  • Semiconductor
  • Electronics & Electrical
  • Healthcare/Pharmaceutical
  • Medical
  • Food & Beverages
  • Logistics & Postal Sorting
  • Metal
  • Rubber & Plastics
  • Wood & Paper
  • Printing
  • Others

Key Developments in the Market:

  • In July 2018, OMRON Corporation announced the launch of their “FH-series Vision System” for their global consumers in automated external inspection. The product range is designed for use in combination with industry’s first “Multi-Direction Multi-Color (MDMC) Light”. The combined product can help in the detection of defects with different characteristics and very low color variations simultaneously
  • In October 2017, OMRON Corporation announced that they had completed the acquisition of Microscan Systems, Inc. and with this conclusion, the name of the company has been changed to “OMRON Microscan Systems, Inc.”. This acquisition will result in extension of the product lineups combining extensive range of offerings of both companies.

Competitive Analysis

Global surface vision and inspection market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of surface vision and inspection market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

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Report Analysis:

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