Defect Detection Market Size was valued at USD 3.67 billion in 2022 and is expected to reach USD 6.70 billion by 2030, and grow at a CAGR of 7.8% over the forecast period 2023-2030.
Defect detection technology and tools have become increasingly automated over the years, focusing on amazing steps on in-depth learning strategies. The development of methods for the detection of disabilities based on automatic observation has increased the industrial methods used ultimately in the error detection market. Businesses in industrial production lines especially in the automotive and manufacturing sectors have used in-depth learning algorithms to improve the entire defect detection process in terms of speed, accuracy, and complexity of targets.
Get more information on Defect Detection Market - Request Sample Report
KEY DRIVERS:
Application-specific integrated circuits are in high demand (asics).
Manufacturers put a greater emphasis on automating quality control and assurance operations.
RESTRAINTS:
A scarcity of trained workers in industrial plants.
OPPORTUNITIES:
Rapid industrialization in emerging nations, as well as government attempts to encourage the use of automated equipment in manufacturing operations.
Artificial intelligence (AI) technology is being more widely used in defect detection.
CHALLENGES:
Complexity in implementing defect detection solutions and technologies.
The defect detection market includes key companies such as Microsoft, Amazon Web Services, Cognex Corporation, ISRA VISION, Datalogic, IBM, OMRON Corporation, Teledyne Technologies, KEYENCE, Matrox Electronic Systems and other companies. These companies have their own manufacturing facilities and corporate offices located in various countries in Asia Pacific, Europe, North America, and Row. The defect detection components produced by these companies are purchased by several participants in a various vertical. COVID-19 has impacted to the performance of various manufacturing companies, as well as the businesses of their suppliers and distributors in the short term.
Based on offering, the defect detection market is divided into hardware, software and services. The software component is expected to grow at a much higher CAGR during the forecast period, due to the growing focus on automated quality control and verification processes, AI integration and in-depth learning technologies in defect detection market. This type of software combines traditional software with in-depth learning software. Intensive learning-based defect detection software helps to reduce human interventions and provides real-time solutions by distinguishing acceptable variations in products and disabilities in the manufacturing industry.
Based on Application, the defect detection market is divided into manufacturing and packaging. The market for the manufacturing application defect disability is expected to grow at a very high CAGR at the time of forecasting, upon application. The manufacturing application requires the detection of cosmetic defects in all types of environments, which are difficult to test with legal-based machine algorithms and the human eye. Industries have recognized the importance of quality assurance in manufacturing processes, leading to the widespread acceptance of disability recognition as an integral part of the long-term automation development process. The use of feature detection throughout the automated manufacturing process also helps to identify complex dafect in a short period of time. This, in turn, helps to reduce costs and improve response time and quality. Also, the increasing acceptance of defect detection system based on in-depth learning and AI in production to accelerate product testing and facilitate defect detection also drive market growth.
Based on Vertical, the defect detection market is segmented into Pharmaceuticals, Electronics & Semiconductors, Food and Packaging, Automotive and Metals & Machinery. The electronics & semiconductor defect detection market are expected to grow at a very high CAGR during the forecast period, vertically. Electronics and semiconductors, in addition to cosmetic damage such as scratches, teeth, shadow variations, anointed labels and human hair strands, flaws such as curved pins and connectors, loose screws, missing parts, and incorrect barcodes are also required. produced a few defective products and improve quality production. Increasing demand for high-speed assembly testing where components are fast and there is a growing need for compliance with strict quality standards drives component growth of electronics & semiconductors. In addition, the industry is increasingly manufacturing semiconductor wafers thicker than nanometers; this will increase the need for defect detection system in the coming years.
BY OFFERING
Hardware
Software
Services
BY APPLICATION
Manufacturing
Packaging
BY VERTICAL
Pharmaceuticals
Electronics & Semiconductors
Food and Packaging
Automotive
Metals & Machinery
.png)
Get Customized Report as per your Business Requirement - Request For Customized Report
APAC countries, such as China, Japan, India, and South Korea, have some of the largest manufacturing facilities, where automation is given priority. Rapid industrial development, the availability of well-established semiconductors, food and packaging, and the automotive industry are likely to further market growth. Also, various government programs such as "Make in India" to promote large and medium enterprises accelerate APAC market growth. Manufacturers in the region are investing heavily in R&D and the use of Industrial Internet of Things (IIoT) and other industrial automation solutions.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
The key players in the Defect Detection Market are Microsoft, Amazon Web Services, Cognex Corporation, ISRA VISION, Datalogic, IBM, OMRON Corporation, Teledyne Technologies, KEYENCE, Matrox Electronic Systems & Other Players.
Amazon Web Services-Company Financial Analysis
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 3.67 Bn |
| Market Size by 2030 | US$ 6.70 Mn |
| CAGR | CAGR of 7.8% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Offering (Hardware, Software, Services) • By Application (Manufacturing, Packaging) • By Vertical (Pharmaceuticals, Electronics & Semiconductors, Food And Packaging, Automotive, Metals & Machinery) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Microsoft, Amazon Web Services, Cognex Corporation, ISRA VISION, Datalogic, IBM, OMRON Corporation, Teledyne Technologies, KEYENCE, Matrox Electronic Systems |
| Key Drivers | • Application-specific integrated circuits are in high demand (asics). • Manufacturers put a greater emphasis on automating quality control and assurance operations. |
| Restraints | • A scarcity of trained workers in industrial plants. |
The Defect Detection Market size is USD 441.37 billion in 2022, growing at a CAGR of 7.8% over the forecast period 2023-2030.
Application-specific integrated circuits are in high demand (ASICS), and Manufacturers put a greater emphasis on automating quality control and assurance operations.
The key players in the Defect Detection Market are Microsoft, Amazon Web Services, Cognex Corporation, ISRA VISION, Datalogic, IBM, OMRON Corporation, Teledyne Technologies, KEYENCE, Matrox Electronic Systems and other companies.
Yes, and they are Raw material vendors, Distributors/traders/wholesalers/suppliers, Regulatory authorities, including government agencies and NGO, Commercial research & development (R&D) institutions, Importers and exporters, Government organizations, research organizations, and consulting firms, Trade/Industrial associations, End-use industries.
Manufacturers, Consultants, Association, Research Institutes, private and university libraries, suppliers, and distributors of the product.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Defect Detection Segmentation, by offering
8.1Introduction
8.2 Hardware
8.3 Software
8.4 Services
9. Defect Detection Segmentation, by application
9.1 Introduction
9.2 Manufacturing
9.3 Packaging
10. Defect Detection Segmentation, by vertical
10.1 Introduction
10.2 Pharmaceuticals
10.3 Electronics & Semiconductors
10.4 Food and Packaging
10.5 Automotive
10.6 Metals & Machinery
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12.Company Profiles
12.1 ISRA VISION
12.1.1 Financial
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Microsoft
12.3 Amazon Web Services
12.4 Cognex Corporation
12.5 Datalogic
12.6 IBM
12.7 OMRON Corporation
12.8 Teledyne Technologies
12.9 KEYENCE
12.10 Matrox Electronic Systems
12.11 Others
13.Competitive Landscape
13.1 Competitive Benchmark
13.2 Market Share analysis
13.3 Recent Developments
14.Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Semiconductor Memory Market was valued at USD 90.90 billion in 2022 and is expected to reach USD 147.09 billion by 2030 and grow at a CAGR of 6.2% over the forecast period 2023-2030.
Rugged Tablet Market size was valued at USD 940.2 million in 2022 and is expected to grow to USD 1664.38 million by 2030 and grow at a CAGR of 7.4 % over the forecast period of 2023-2030
Multi factor authentication Market size was valued at USD 13.1 billion in 2022 and is expected to grow to USD 41.20 billion by 2030 and grow at a CAGR of 15.4% over the forecast period of 2023-2030.
The Industrial Lighting Market size was valued at USD 13.16 billion in 2022 and is expected to grow to USD 24.03 billion by 2030 and grow at a CAGR of 7.82 % over the forecast period of 2023-2030.
The Drone Camera Market Size was valued at USD 8.69 billion in 2023 and is expected to reach USD 37.91 billion by 2031 and grow at a CAGR of 20.3% over the forecast period 2024-2031.
The Wireless Charging Market was valued at USD 5.95 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 24.1% from 2023 to 2030 and it will reach USD 33.51 billion in 2030.
Hi! Click one of our member below to chat on Phone
© 2024 All Rights Reserved by SNS Insider Pvt Ltd
