The Surface Inspection Market Size was valued at USD 4.3 billion in 2023 and is expected to reach USD 7.79 billion by 2031 and grow at a CAGR of 7.7% over the forecast period 2024-2031.
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.
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KEY DRIVERS:
Demand for electrical and electronic equipment has increased.
Salary increases for manual laborers around the world.
A rise in the use of smart cameras, improved software, and powerful image processors is a direct result of their advantages and features.
The heightened demand for electrical and electronic equipment has become a prominent trend, reflecting the increased reliance on technology in various aspects of daily life and industrial applications. This surge in demand spans a range of products, including consumer electronics, appliances, and industrial machinery, driven by evolving consumer preferences and technological advancements. Simultaneously, there has been a noticeable global trend of salary increases for manual laborers. This wage growth is attributed to factors such as labor shortages, rising living costs, and increased awareness of labor rights. As manual labor costs increase, industries are compelled to explore automation solutions for cost efficiency and enhanced productivity. Consequently, there has been a notable rise in the utilization of smart cameras, improved software, and powerful image processors. This adoption is a direct response to the advantages and features these technologies offer, including enhanced precision, faster processing speeds, and the ability to capture and analyze intricate details, thereby contributing to improved quality control and operational efficiency across diverse industries.
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.
The challenge of integrating surface inspection devices across diverse businesses stems from a shortage of individuals with the necessary technical expertise. As these devices become increasingly sophisticated, their seamless integration into various industries requires individuals proficient in understanding and navigating the complexities of the technology. The shortage of technically competent personnel poses a hurdle in configuring, installing, and maintaining these inspection devices to ensure optimal functionality. Moreover, without skilled personnel, businesses may struggle to leverage the full potential of surface inspection technology in enhancing quality control and manufacturing processes. Addressing this challenge involves initiatives to train and educate professionals capable of handling the technical intricacies of surface inspection devices, fostering a workforce equipped to integrate and harness the benefits of these advanced technologies across a wide array of industries.
OPPORTUNITIES:
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.
The integration of a surface inspection system with cloud computing, AI, and IIoT represents a transformative trend in the field of surface inspection technology. This integration enables a more advanced and interconnected approach to quality control and inspection processes. Cloud computing allows for the storage and analysis of large volumes of data generated by surface inspection systems, facilitating real-time decision-making and comprehensive data analytics. The incorporation of AI enhances the capabilities of surface inspection systems, enabling them to autonomously identify and analyze defects, anomalies, or patterns on surfaces with greater accuracy and efficiency. The integration with IIoT connects the surface inspection system to a network of interconnected devices and sensors, creating a smart and responsive manufacturing environment. This connectivity facilitates remote monitoring, predictive maintenance, and the exchange of real-time information, contributing to enhanced productivity and reduced downtime in manufacturing operations. Overall, the integration of surface inspection systems with cloud computing, AI, and IIoT exemplifies a synergistic approach to quality control, ushering in a new era of efficiency and precision in industrial processes.
CHALLENGES:
Surface inspection system functional and operational issues.
The manufacture and design of products are becoming more complicated.
The escalating complexity in product manufacture and design represents a notable trend across diverse industries, presenting challenges and opportunities for the surface inspection market. With technological advancements and evolving consumer demands, manufacturers are integrating sophisticated features, intricate components, and innovative materials into their products. This complexity spans sectors like automotive, electronics, healthcare, and more. Within the surface inspection market, the increasing intricacy of product design poses dual implications. On one hand, intricate designs and advanced materials may pose functional and operational challenges for surface inspection systems, requiring adaptability to a broader range of surfaces, materials, and product intricacies. These challenges include ensuring accurate and reliable inspection results across diverse and complex surfaces. On the other hand, the rising complexity in product design creates opportunities for the surface inspection market to play a pivotal role in maintaining quality control. Equipped with advanced technologies, surface inspection systems can aid manufacturers in detecting and addressing defects, anomalies, or irregularities in intricate product designs, particularly crucial in industries prioritizing visual and cosmetic product quality, such as automotive finishes, electronic components, or medical devices.
IMPACT OF RUSSIAN-UKRAINE WAR
The global surface vision and inspection market has been significantly impacted by the Russia-Ukraine crisis, manifesting in various ways. The ongoing conflict has prompted economic sanctions on multiple countries, a surge in commodity prices, and disruptions in supply chains, exerting a notable influence on global markets, including the surface vision and inspection sector. The expansion of the surface vision and inspection market is propelled by rapid industrialization, a crucial driver that transforms economies from primarily agricultural to manufacturing-based. This shift necessitates the adoption of technologies like surface vision and inspection to ensure the visual and cosmetic quality of products. The Asia-Pacific region has emerged as the largest market for surface vision and inspection, and its substantial growth is expected to persist.
Technological advancements play a pivotal role in shaping the industry, with major players introducing innovative technologies to maintain competitiveness. For instance, Omron Corporation has launched the Micro HAWK V/F400 and V/F300 Series smart cameras, integrating vision inspection and code reading into a single device, thus reducing hardware costs and commissioning time. The market spans various applications, encompassing automotive, semiconductor, electronics and electrical, healthcare, food and beverages, and more, highlighting its broad utility across diverse industries.
IMPACT OF ECONOMIC SLOWDOWN
Despite encountering challenges amid economic slowdowns, the global surface inspection market continues to expand, propelled by demands across various sectors. The market is projected to ascend from USD 4.3 billion in 2023 to USD 7.79 billion by 2031, demonstrating a robust Compound Annual Growth Rate (CAGR) of 7.7%. This upward trajectory is supported by factors such as technological advancements, heightened demand in pivotal sectors like automotive and electronics, and the increasing integration of surface inspection systems with cutting-edge technologies like IoT and AI. These systems play a critical role in ensuring quality control, reducing manufacturing costs, and mitigating human errors across diverse industries.
Nevertheless, the market confronts challenges, including the necessity for technically skilled personnel and complexities introduced by technological advancements in various end-user industries. Additionally, economic slowdowns impact product pricing and availability, posing a hindrance to market growth. Strategic analyses such as the Ansoff Matrix and SWOT analysis indicate that despite these challenges, there are abundant growth opportunities in the surface inspection market. Companies in this sector are advised to concentrate on market penetration, product development, and diversification to navigate through economic challenges and leverage opportunities arising from technological advancements and the proliferation of industrial automation.
BY COMPONENT:
Frame Grabbers
Lighting Equipment
Software
Cameras
Optics
Processors
Other
The surface inspection market is subdivided into Frame Grabbers, Lighting Equipment, Software, Cameras, Optics, Processors, and Others.
The largest market share is anticipated to be held by the Camera segment. Cameras play a pivotal role in surface inspection systems, offering superior accuracy and detailed image capture. Their ease of use, cost-effectiveness, and real-time image processing capabilities contribute significantly to their extensive adoption in the market.
BY SYSTEM
Camera-based system
Computer-based system
The surface inspection market is subdivided into a Camera-based system and a 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 numbers 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.
BY SURFACE TYPE
2D
3D
The market is divided into 3D and 2D categories, with the 3D segment dominating the market share in 2023. The prevalence of 3D surface inspection systems is attributed to their superior advantages compared to traditional 2D inspection systems, such as enhanced accuracy and the capability to identify more intricate and nuanced defects. Furthermore, the expanding adoption of 3D imaging and visualization technologies across diverse industries has played a significant role in fostering market growth.
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BY VERTICAL
Semiconductor
Electrical & Electronics
Food & Packaging
Plastic & Rubber
Automotive
Glass & Metal
Healthcare
Printing
North America, Europe, Asia-Pacific, and the Rest of the World constitute the geographical segments of the market. North America stands out as a predominant force in this industry, boasting several leading companies specializing in the advancement and production of surface inspection technologies and systems. The region's prominence is further accentuated by the presence of numerous well-established manufacturing sectors, including automotive, aerospace, and electronics, all contributing significantly to the market's growth. North America has a robust tradition of investing in research and development, coupled with a highly skilled workforce, fostering continuous innovation within the surface inspection industry. These factors, combined with a heightened demand for top-notch products, firmly position North America as a major hub for surface inspection.
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 surface inspection market are Sony Corporation, Omron Corporation, Panasonic Corporation, Matrox Electronic Systems, Teledyne Technologies Incorporated, Allied Vision Technologies, Basler, Cognex Corporation, ISRA Vision, Keyence Corporation & Other Players.
Panasonic Corporation-Company Financial Analysis
Recent Development
In April 2022: Teledyne Technologies unveiled its new line scan camera, part of the multispectral Camera Link HS (CLHS) series, as the latest addition to its product lineup.
In February 2022: AMETEK Surface Vision has announced enhancements in inspection and defect detection for a significant nonwoven manufacturer, leading to cost savings and enhanced process control.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 4.3 billion |
| Market Size by 2031 | US$ 7.79 Billion |
| CAGR | CAGR of 7.7% From 2023 to 2030 |
| Base Year | 2023 |
| Forecast Period |
2024-2031 |
| Historical Data | 2020-2022 |
| 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 (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, 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 laborers 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. |
The Industrial Refrigeration Market size was valued at USD 3.91 billion in 2022 at a CAGR of 8.8%.
The market value is expected to reach USD 7.69 billion by 2030.
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. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Industry Flowchart
3. Research Methodology
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5. Impact Analysis
5.1 Impact of Russia-Ukraine Crisis
5.2 Impact of Economic Slowdown on Major Countries
5.2.1 Introduction
5.2.2 United States
5.2.3 Canada
5.2.4 Germany
5.2.5 France
5.2.6 UK
5.2.7 China
5.2.8 Japan
5.2.9 South Korea
5.2.9 India
6. Value Chain Analysis
7. Porter’s 5 Forces Model
8. Pest Analysis
9. Surface Inspection Market, By Component
9.1 Introduction
9.2 Trend Analysis
9.3 Frame Grabbers
9.4 Lighting Equipment
9.5 Software
9.6 Cameras
9.7 Optics
9.8 Processors
9.9 Other
10. Surface Inspection Market, By System
10.1 Introduction
10.2 Trend Analysis
10.3 Camera-based system
10.4 Computer-based system
11. Surface Inspection Market, By Surface Type
11.1 Introduction
11.2 Trend Analysis
11.3 2D
11.4 3D
12. Surface Inspection Market, By Vertical
12.1 Introduction
12.2 Trend Analysis
12.3 Semiconductor
12.4 Electrical & Electronics
12.5 Food & Packaging
12.6 Plastic & Rubber
12.7 Automotive
12.8 Glass & Metal
12.9 Healthcare
12.10 Printing
13. Regional Analysis
13.1 Introduction
14.2 North America
14.2.1 USA
14.2.2 Canada
14.2.3 Mexico
14.3 Europe
14.3.1 Eastern Europe
14.3.1.1 Poland
14.3.1.2 Romania
14.3.1.3 Hungary
14.3.1.4 Turkey
14.3.1.5 Rest of Eastern Europe
14.3.2 Western Europe
14.3.2.1 Germany
14.3.2.2 France
14.3.2.3 UK
14.3.2.4 Italy
14.3.2.5 Spain
14.3.2.6 Netherlands
14.3.2.7 Switzerland
14.3.2.8 Austria
14.3.2.9 Rest of Western Europe
14.4 Asia-Pacific
14.4.1 China
14.4.2 India
14.4.3 Japan
14.4.4 South Korea
14.4.5 Vietnam
14.4.6 Singapore
14.4.7 Australia
14.4.8 Rest of Asia Pacific
14.5 The Middle East & Africa
14.5.1 Middle East
14.5.1.1 UAE
14.5.1.2 Egypt
14.5.1.3 Saudi Arabia
14.5.1.4 Qatar
14.5.1.5 Rest of the Middle East
14.5.2 Africa
14.5.2.1 Nigeria
14.5.2.2 South Africa
14.5.2.3 Rest of Africa
14.6 Latin America
14.6.1 Brazil
14.6.2 Argentina
14.6.3 Colombia
14.6.4 Rest of Latin America
15. Company Profiles
15.1 Sony Corporation
15.1.1 Company Overview
15.1.2 Financials
15.1.3 Products/ Services Offered
15.1.4 SWOT Analysis
15.1.5 The SNS View
15.2 Omron Corporation
15.2.1 Company Overview
15.2.2 Financials
15.2.3 Products/ Services Offered
15.2.4 SWOT Analysis
15.2.5 The SNS View
15.3 Panasonic Corporation
15.3.1 Company Overview
15.3.2 Financials
15.3.3 Products/ Services Offered
15.3.4 SWOT Analysis
15.3.5 The SNS View
15.4 Matrox Electronic Systems
15.4 Company Overview
15.4.2 Financials
15.4.3 Products/ Services Offered
15.4.4 SWOT Analysis
15.4.5 The SNS View
15.5 Teledyne Technologies Incorporated
15.5.1 Company Overview
15.5.2 Financials
15.5.3 Products/ Services Offered
15.5.4 SWOT Analysis
15.5.5 The SNS View
15.6 Allied Vision Technologies
15.6.1 Company Overview
15.6.2 Financials
15.6.3 Products/ Services Offered
15.6.4 SWOT Analysis
15.6.5 The SNS View
15.7 Basler
15.7.1 Company Overview
15.7.2 Financials
15.7.3 Products/ Services Offered
15.7.4 SWOT Analysis
15.7.5 The SNS View
15.8 Cognex Corporation
15.8.1 Company Overview
15.8.2 Financials
15.8.3 Products/ Services Offered
15.8.4 SWOT Analysis
15.8.5 The SNS View
15.9 ISRA Vision
15.9.1 Company Overview
15.9.2 Financials
15.9.3 Products/ Services Offered
15.9.4 SWOT Analysis
15.9.5 The SNS View
15.10 Keyence Corporation
15.10.1 Company Overview
15.10.2 Financials
15.10.3 Products/ Services Offered
15.10.4 SWOT Analysis
15.10.5 The SNS View
16. Competitive Landscape
16.1 Competitive Benchmarking
16.2 Market Share Analysis
16.3 Recent Developments
16.3.1 Industry News
16.3.2 Company News
16.3.3 Mergers & Acquisitions
17. USE Cases and Best Practices
18. Conclusion
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