$5.3 Billion Surface Inspection Market Opportunity Assessment, 2025

Dublin, March 02, 2020 (GLOBE NEWSWIRE) — The “Surface Inspection Market by Component (Camera, Frame Grabber, Processor, Software), Surface Type (2D and 3D), System (Computer System and Camera System), Deployment Type (Traditional, Robotic Cell), Vertical, and Geography – Global Forecast to 2025” report has been added to ResearchAndMarkets.com’s offering.
The global surface inspection market is expected to grow from USD 3.7 billion in 2020 and is projected to reach USD 5.3 billion by 2025; it is expected to grow at a CAGR of 7.4% during the forecast period.The main driver for this market is the growing demand for quality assurance and automation. This is because labor wages are increasing, and companies are reducing the cost through automation. Also, human error is reduced by automation and speed is increased. The main restraint for the surface inspection market is the dearth of technically skilled individuals creating the problem of proper integration of these systems in the various industries.The customer needs in this market keep changing, requiring workers to be trained to handle the new systems. Highly skilled individuals are a key requirement to handle surface inspection systems with high end and frequently changing features. The workers need to understand machine signals and work for hand in hand with collaborative robots, where surface inspection systems are mounted on robots.According to the International Trade Administration, total foreign direct investment in the US automotive industry reached USD 114.6 billion in 2018, and the US has become the world’s second-largest market for vehicle sales and production. Healthcare is another prominent industry in the US. The country is also a hub for the IT industry, providing good support to surface inspection companies for the integration of artificial intelligence.
The report profiles key players in the surface inspection market with their respective market ranking analysis. Prominent players profiled in this report are ISRA Vision (Germany), Ametek (US), Omron (Japan), Teledyne Technologies (US), Panasonic (Japan), Keyence (Japan), Datalogic SpA (Italy), FLIR Systems (US), Sony Corporation (Japan), Basler (Germany), National Instruments (US), Matrox Electronic System (Canada), IMS Messsysteme (Germany), Vitronic (Germany), Sick (Germany), Industrial Vision System (UK), Allied Vision Technologies (Germany), Baumer (Switzerland), In-core Systemes (France) and Dark Field Technologies (US).
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