Report Id: SNS/SEMI/2202 | July 2022 | Region: Global | 127 Pages
Report Scope & Overview:
The Surface Inspection Market Size was valued at USD 3.91 billion in 2022, and is expected to reach USD 7.69 billion by 2030, and grow at a CAGR of 8.8% over the forecast period 2023-2030.
A technique for inspecting surfaces is surface inspection. It searches for surface flaws including pinholes, cracks, and discontinuities that might shorten the product's lifespan. Angled illumination and smart cameras are used for surface inspection to precisely identify surface faults and features. To check web products, coated surfaces, and complicated materials like the display glasses on tablets and smartphones, surface inspection methods or devices are utilized. It finds tiny blemishes, flaws, or holes in items. With expenditures in testing, development, and research, the surface inspection sector is anticipated to earn a modest amount of income in the next years. But as the surface inspection market reaches a mature stage, prominent companies should expect modest revenue growth over the next few years.
Demand for electrical and electronic equipment has increased.
Salary increases for manual laborer’s around the world.
A rise in the use of smart cameras, improved software, and powerful image processors as a direct result of their advantages and features.
Difficulties integrating various robotic frameworks with current facilities due to interoperability problems.
Surface inspection devices cannot be properly integrated in a variety of businesses due to a lack of technically competent people.
Integration of a surface inspection system with cloud computing, artificial intelligence (AI), and the industrial internet of things (IIoT).
Cobots, or collaborative robots, are becoming more widely used because of their advantages.
Surface inspection system functional and operational issues.
The manufacture and design of products are becoming more complicated.
IMPACT OF COVID-19:
The continued spread of COVID-19 has become one of the biggest threats to the global economy and is causing widespread concern and economic hardship to consumers, businesses and communities around the world. The “new routine” involving social isolation and work from home has created challenges for daily activities, routine work, needs, and possessions, resulting in delays in missed efforts and opportunities. The COVID-19 epidemic has had a devastating effect on society and the world economy. The supply chain is being affected more and more by this epidemic on a daily basis. This has created uncertainty in the market, decreased business confidence, slow sales, and high levels of shock among customers. The European countries under Lockdown have largely lost business and revenue due to the closure of production units in the region. The performance of the manufacturing and manufacturing industries has had a significant impact on the outbreak of COVID-19, which has led to a slowdown in market growth by 2020.
According to surface inspection market, the COVID-19 epidemic has had a profound impact on the manufacturing industry and industries around the world as production facilities have stagnated, which has also led to greater industrial demand. The emergence of COVID-19 has slowed the growth of the global exploration market by 2020, and it is estimated that it will witness slower growth by the end of 2021. market. With the closure of factories temporarily reduced, it reduced the need for maintenance from more industries.
Based on Components, the surface inspection market is subdivided into Frame Grabbers, Lighting Equipment, Software, Cameras, Optics, Processors and Other.
Cameras are expected to grow in size and control the surface inspection market during forecasting. This is because many applications such as cap and packaging inspection and large-scale testing such as car doors may require multiple cameras to cover large areas. Cameras are also constantly updated with adjustment and frame rate. combine large areas. Cameras are also constantly updated with adjustment and frame rate. While some parts are experiencing replacements and see a decrease in demand, the camera and software are often replaced. Demand for independent processors is expected to decrease due to the availability of camera-based systems installed on onboard processors. Optics can be changed using robot cells, which provide flexibility between the camera and object function. With the advent of high-resolution cameras, frame photographers are not required for low-end programs.
Based on System, the surface inspection market is subdivided into Camera-based system and Computer-based system.
The computer-based segment is expected to grow in value and control the market over time in terms of price forecasting and volume. Computer-based systems offer advantages over camera-based programs, such as higher speed, greater processing power, more flexibility to handle large number of applications, line scanning or location scanning cameras, easier upgrades due to removable components, and third-party software flexibility. The automotive industry needs more cameras to monitor the various shapes and sizes of three and two-dimensional aircraft.
The key players in the surface inspection market are Sony Corporation, Omron Corporation, Panasonic Corporation, Matrox Electronic Systems, Teledyne Technologies Incorporated, Allied Vision Technologies, Basler, Cognex Corporation, ISRA Vision and Keyence Corporation, and other players.
BY SURFACE TYPE
Electrical & Electronics
Food & Packaging
Plastic & Rubber
Glass & Metal
APAC, a large market, contains a wide range of economies with varying degrees of development and the presence of different manufacturers. APAC is considered the largest manufacturing center in the world and is expected to provide many opportunities for growth in the surface inspection market in the region. The surface inspection market in APAC has seen a significant increase over the past 10 years in emerging markets in Europe and the United States due to lower production costs, easier access to economic services, slower exit and security measures, and government foreign direct investment (FDI) programs. OEMs and providers of surveillance systems have set up production and sales centers in the region to cater for local and other markets. The number of older people in China and Japan has resulted in an increase in labor costs, leading to an increase in the adoption of automated equipment. The growing population also attracts companies to invest in APAC.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2022||US$ 3.91 Million|
|Market Size by 2030||US$ 7.69 Billion|
|CAGR||CAGR of 8.8% From 2023 to 2030|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• By Component (Frame Grabbers, Lighting Equipment, Software, Cameras, Optics, Processors, Other)
• By System (Camera-Based System, Computer-Based System)
• By Surface Type (2D, 3D)
• By Vertical (Semiconductor, Electrical & Electronics, Food & Packaging, Plastic & Rubber, Automotive, Glass & Metal, Healthcare, Printing)
|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||Sony Corporation, Omron Corporation, Panasonic Corporation, Matrox Electronic Systems, Teledyne Technologies Incorporated, Allied Vision Technologies, Basler, Cognex Corporation, ISRA Vision and Keyence Corporation, and other players.|
|Key Drivers||• Demand for electrical and electronic equipment has increased.
• Salary increases for manual laborer’s around the world.
|Restraints||• Difficulties integrating various robotic frameworks with current facilities due to interoperability problems.
• Surface inspection devices cannot be properly integrated in a variety of businesses due to a lack of technically competent people.
Frequently Asked Questions (FAQ) :
The Industrial Refrigeration Market size was valued at 3.6 billion in 2021 at a CAGR of 8.8%.
The market value is expected to reach USD 6.4 billion by 2028.
The market has been segmented with respect to component, system, surface type and vertical.
Top-down research, bottom-up research, qualitative research, quantitative research, and Fundamental research.
Manufacturers, Consultants, Association, Research Institutes, private and university libraries, suppliers, and distributors of the product.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
18.104.22.168 United Kingdom
22.214.171.124 South Korea
126.96.36.199 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Surface Inspection Market Segmentation, by component
8.2 Frame Grabbers
8.3 Lighting Equipment
9. Surface Inspection Market Segmentation, by system
9.2 Camera-based system
9.3 Computer-based system
10. Surface Inspection Market Segmentation, by surface type
11. Surface Inspection Market Segmentation, by vertical
11.3 Electrical & Electronics
11.4 Food & Packaging
11.5 Plastic & Rubber
11.7 Glass & Metal
12. Regional Analysis
12.2 North America
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4.2 South Korea
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.3 South Africa
12.6 Latin America
12.6.3 Rest of Latin America
13.1 Keyence Corporation.
13.1.2 Products/ Services Offered
13.1.3 SWOT Analysis
13.1.4 The SNS view
13.2 Sony Corporation
13.3 Omron Corporation
13.4 Panasonic Corporation
13.5 Matrox Electronic Systems
13.6 Teledyne Technologies Incorporated
13.7 Allied Vision Technologies
13.9 Cognex Corporation
13.10 ISRA Vision
14.1 Competitive Benchmark
14.2 Market Share analysis
14.3 Recent Developments
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.