REDDING, Calif., June 3, 2024 /PRNewswire/ — According to a new market research report titled, ‘Inspection Machines Market by Offering (Hardware, Software), Automation Mode (Automatic Inspection, Semi-automatic Inspection, Manual Inspection), End User (Pharmaceutical and Biotech, Food and Beverages), and Geography – Global Forecast to 2031,’ the Inspection Machines market is projected to reach $2.15 billion by 2031, at a CAGR of 9.1% from 2024–2031. 

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Inspection machines or inspection systems are designed to inspect products, materials, or components for defects, inconsistencies, or quality issues. The machines are based on various technologies including vision, sensors, lasers, and software algorithms to detect flaws or deviations from specified standards. Inspection machines have become an essential component of any manufacturing/ processing unit to ensure quality standards, minimize defects, reduce waste, and maintain customer satisfaction. Factors such as stringent government regulations with respect to quality standards, growing demand for automated inspection systems, and the need to eliminate human error within testing and inspection are promoting the growth of modern inspection machines.
Consistent integration of advanced technologies such as IoT and AI allows real-time inspection to take over traditional inspection methods and machines. This has allowed manufacturing units to comply with stringent production philosophies such as Six Sigma and Kanban. Besides, other advantages such as elevating product presentation, safeguarding brand reputation, and saving valuable resources and associated costs further signify the importance of inspection machines.
The growth of the inspection machines market is driven by stringent government regulations & compliances related to product quality & safety, the increasing adoption of Industry 4.0 technologies, and the growing demand for automated inspection processes. However, high initial investment requirements and the shortage of skilled personnel restrain the growth of this market.
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Furthermore, the technological advancements in inspection machines and the increasing outsourcing of manufacturing operations in emerging economies are expected to generate growth opportunities for the stakeholders in this market. However, the efficient integration of inspection machines with existing production lines is a major challenge impacting the growth of the inspection machines market.
The global inspection machines market is segmented by offering (hardware (industrial inspection microscopes, automatic gauge measurement systems, metal detection machines, vision inspection machines, x-ray inspection machines, weighing and counting machines, leak detection machines, and other inspection machines), software), automation mode (automatic inspection, semi-inspection, manual inspection), end user (pharmaceutical & biotech (injectable formulations, non-injectable formulations), food and beverages, industrial manufacturing, electronics & semiconductor, cosmetics & personal care, other end users). The study also evaluates industry competitors and analyzes the market at the regional and country levels.
Based on offering, the inspection machines market is segmented into hardware and software. In 2024, the hardware segment is expected to account for the larger share of 73.2% of the inspection machines market. The large market share of this segment is attributed to the growing adoption of inspection machine hardware in the manufacturing sector, increasing R&D expenditure, and rising regulatory compliance with good manufacturing practices.
However, the software segment is projected to register the highest CAGR during the forecast period due to factors such as the growing adoption of inspection machine software in various industrial applications, the rising need for efficient, accurate, and reliable inspection processes, and the rising need for quality control and real-time monitoring.
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Based on automation mode, the global inspection machines market is segmented into automatic inspection, semi-automatic inspection, and manual inspection. In 2024, the automatic inspection segment is expected to account for the largest share of the global Inspection Machines market. The large market share of this segment is attributed to its benefits over manual and semi-automated inspection modes and the rising use of automatic inspection machines by manufacturers for real-time monitoring of the manufacturing process. Automatic inspection machines help increase efficiency by replacing manual inspection processes with automated ones, which helps eliminate special training for the users and saves labor.
Based on end user, the global inspection machines market is segmented into industrial manufacturing, pharmaceutical & biotech, cosmetics & personal care, food & beverages, electronics & semiconductors, and other end users. In 2024, the pharmaceutical & biotech segment is expected to account for the largest share of 37% of the inspection machines market. The large share of the segment is attributed to the stringent regulatory requirements for product quality & safety, increasing adoption of automation & technological advancements in inspection systems, growing demand for biopharmaceuticals, biosimilars, & personalized medicines, and rising focus on reducing production costs, minimizing product recalls, & improving overall manufacturing efficiency.
Based on geography, the inspection machines market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, Asia-Pacific is expected to account for the largest share of 63.3% of the inspection machines market. The Asia-Pacific inspection machines market is estimated to be worth USD 743 Million in 2024. The growth of this market can be attributed to the increasing manufacturing activities across several industries, including pharmaceutical and biotech, food & beverage, and cosmetics. The growing demand for quality products from these industries creates potential opportunities for the players in this market. Furthermore, technologically advanced countries, such as China, Japan, South Korea, Taiwan, and India, are expected to offer significant market growth opportunities in the coming years.
The key players operating in the global inspection machines market are Thermo Fisher Scientific Inc. (U.S.), Teledyne Technologies Incorporated (U.S.), Körber AG (Germany), Robert Bosch GmbH (Germany), OMRON Corporation (Japan), Optel Vision Inc. (Canada), Cognex Corporation (U.S.), Brevetti CEA SpA (Italy), Antares Vision S.p.A. (Italy), ACG (India), IRIS Inspection Machines (France), Sys-Tech Solutions, Inc. (U.S.), ALLTEC Angewandte Laserlicht Technologie GmbH (Germany), Sea Vision S.r.l. (Italy), and CMP PHAR.MA S.R.L. (Italy).
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Scope of the Report:
Inspection Machines Market Assessment—by Offering
HardwareIndustrial Inspection MicroscopesAutomatic Gauge Measurement SystemMetal Detection MachinesVision Inspection MachinesX-ray Inspection MachinesWeighing and Counting MachinesLeak Detection MachinesOther Inspection MachinesSoftwareInspection Machines Market Assessment—by Automation Mode
Automatic InspectionSemi-automatic InspectionManual InspectionInspection Machines Market Assessment—by End User
Pharmaceutical & BiotechInjectable FormulationsNon-Injectable FormulationsFood and BeveragesIndustrial ManufacturingElectronics & SemiconductorCosmetics and Personal CareOther End Users Inspection Machines Market Assessment—by Geography 
Asia-PacificChinaJapanIndiaSouth KoreaSingaporeRest of Asia-PacificNorth AmericaU.S.CanadaEuropeGermanyItalyFranceU.K.SpainSwedenNetherlandsRest of EuropeLatin AmericaBrazilMexicoRest of Latin AmericaMiddle East & AfricaUAESaudi ArabiaRest of Middle East & AfricaUnlock Opportunities: Buy Now- https://www.meticulousresearch.com/Checkout/64551015 
Related Reports:
Industrial X-Ray Inspection System Market by Component, Imaging Technique (Digital Imaging, Film-based Imaging), Dimension (2D X-Ray System, 3D X-Ray System, End-use Industry (Electronics & Semiconductors), and Geography – Global Forecast to 2031
X-Ray Detectors Market Size, Share, Forecast, & Trends Analysis by Type (Flat Panel [Digital, Retrofit] [Portable, Fixed], Computed Radiography, Charge Coupled, Line Scan) Application (Medical, Dental, Security, Industrial) – Global Forecast to 2031
Digital X-ray Systems Market by Product (Fixed [Ceiling, Floor], Portable, Detectors, Software & Services) Technology (Computed, Direct) Application (Orthopedic & Trauma, Breast, Chest & Lung) End User (Hospital, Imaging Center) – Global Forecast to 2030
X-ray Inspection Systems Market for Electronics & Semiconductors by Component (Hardware, Software, Services, Consumables), Imaging Technique (Film-based Imaging, Digital Imaging), Dimension (2D X-ray, 3D X-ray), Application, and Geography – Global Forecast to 2029
North America X-ray Detectors Market by Product Type (FPD, CSI, GADOX, CR, CCD), FOV (Large, Medium, Small), Portability (Portable, Fix), System (New, Retrofit), and Application [Medical (Mammogram, Spine), Dental, Industrial, Veterinary] – Forecast to 2030
Asia-Pacific X-ray Detectors Market by Product Type (FPD, CSI, GADOX, CR, CCD), FOV (Large, Medium, Small), Portability (Portable, Fix), System (New, Retrofit), and Application [Medical (Mammogram, Spine), Dental, Industrial, Veterinary] – Forecast to 2030
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Top 10 Companies in Inspection Machines Market
About Meticulous Research®
Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.
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CHICAGO, June 3, 2024 /PRNewswire/ — The global Identity and Access Management Market size is projected to grow from USD 22.9 billion in 2024 to USD 34.3 billion by 2029 at a CAGR of 8.4% during the forecast period, according to a new report by MarketsandMarkets™. The IAM market is primarily driven by the rise in cyber threats and data breaches, the adoption of cloud-based services, stringent regulatory compliance requirements, and shifting towards remote work. These factors necessitate robust IAM systems to secure and manage access across diverse platforms and locations.

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499 – Tables 57 – Figures404 – Pages
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Scope of the Report
Report Metrics
Details 
Market size available for years
2018-2029
Base year considered
2023
Forecast period
2024–2029
Forecast units
Value (USD Billion)
Segments Covered
Type, Offering, Solution, Service, Deployment Mode, Vertical, and Region
Geographies covered
North America, Europe, Asia Pacific, Middle East and Africa, and Latin America
Companies covered
Major vendors in the global IAM market include Microsoft (US), Okta (US), IBM (US), Oracle (US), Salesforce (US), Ping Identity (US), HID Global (US), ForgeRock (US), CyberArk (US), Micro Focus (US), Thales (France), Akamai Technologies (US), OpenText (Canada), Entrust (US), SAP (Germany), RSA Security (US), Avatier (US), ManageEngine (US), SecureAuth (US), EmpowerID (US), Simeio (US), One Identity (US), FusionAuth (US), Auth0 (US), Idnow (Germany), Zephr (UK), Signzy (US), Civic (US), Trusona (US), Beyond Identity (US), Delinea (US), Optimal IdM (US), and Netwrix (US).   
Further, the opportunities in the IAM market are spurred by the ongoing digital transformation in businesses, which increases the complexity of network environments and necessitates sophisticated access management. Integrating IAM with emerging technologies like blockchain and IoT opens new avenues for advanced security solutions. Additionally, the surge in demand for user-friendly and scalable IAM solutions from SMEs provides significant growth opportunities in the sector.
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By type segment, the consumer IAM will grow at the highest CAGR during the forecasted period.
Due to several key factors, the consumer IAM segment is anticipated to have the highest CAGR in the IAM market during the forecasted period. Firstly, increasing consumer awareness and demand for privacy and data protection compels businesses to adopt robust IAM systems. Additionally, the rise of digital transactions and online services across retail, healthcare, and financial sectors necessitates secure customer identity verification processes. The growth in technologies such as mobile and cloud services further drives the need for scalable and secure Consumer IAM solutions that ensure seamless customer experiences across multiple platforms. Moreover, regulatory pressures for more robust data protection measures worldwide encourage businesses to implement advanced Consumer IAM systems, thus boosting their growth. These factors collectively contribute to the growing adoption and development of consumer IAM.
The solutions segment holds the largest market size during the forecast period in terms of offerings.
The solutions segment of the IAM market is anticipated to achieve the highest market size due to the increasing demand for robust identity verification and management tools across various industries. As organizations face complex security challenges, comprehensive IAM solutions that effectively manage user identities and access permissions become crucial. These solutions include user provisioning, governance, and access management tools, essential for protecting sensitive data and complying with regulatory standards. Moreover, the rapid adoption of cloud-based technologies and the expansion of enterprise boundaries amplify the demand for scalable and flexible IAM solutions that can be integrated across diverse IT environments, thereby driving market growth in this segment.
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By region, the Asia Pacific market will grow at the highest CAGR during the forecast period.
The Asia Pacific region is projected to experience the highest CAGR in the IAM market, driven by rapid economic growth and digital transformation initiatives across significant economies like China, India, and Japan, significantly boosting the adoption of IAM solutions. The region is witnessing a surge in the number of startups and expansion of SMEs, which are increasingly embracing cloud-based IAM solutions for enhanced security measures. Additionally, the rising awareness of cybersecurity risks and stringent regulatory compliance demands are compelling businesses to invest in advanced IAM systems. Furthermore, the increasing penetration of internet usage and mobile technologies in this region fuels the need to secure consumer and employee identities, thus driving the growth of the IAM market.
Top Key Companies in Identity and Access Management Market:
Microsoft (US), Okta (US), IBM (US), Oracle (US), Salesforce (US), Ping Identity (US), HID Global (US), ForgeRock (US), CyberArk (US), Micro Focus (US), Thales (France), Akamai Technologies (US), OpenText (Canada), Entrust (US), SAP (Germany), RSA Security (US), Avatier (US), ManageEngine (US), SecureAuth (US), EmpowerID (US), Simeio (US), One Identity (US), FusionAuth (US), Auth0 (US), Idnow (Germany), Zephr (UK), Signzy (US), Civic (US), Trusona (US), Beyond Identity (US), Delinea (US), Optimal IdM (US), and Netwrix (US) are the key players and other players in the IAM market.
Browse Adjacent Market: Information Security Market Research Reports & Consulting
Browse Other Reports:
eGRC Market- Global Forecast to 2029
Identity Threat Detection and Response Market- Global Forecast to 2029
Identity Verification Market- Global Forecast to 2028
Cybersecurity Mesh Market- Global Forecast to 2027
POS Security Market- Global Forecast to 2027
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The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
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REDDING, Calif., June 3, 2024 /PRNewswire/ — Meticulous Research®—a leading global market research company, published a research report titled, “AI in Manufacturing Market by Component, Technology (ML, NLP, Computer Vision), Application (Predictive Maintenance & Machinery Inspection, Cybersecurity, Supply Chain Optimization), End-use Industry, and Geography—Global Forecast to 2031”. According to this report, the AI in manufacturing market is projected to reach $84.5 billion by 2031, at a CAGR of 32.6% during the forecast period 2024–2031.

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The growth of the AI in manufacturing market is driven by the rising adoption of Industry 4.0 and smart manufacturing, the growing need for predictive maintenance and quality control, and the increasing demand for automation and operational efficiency. However, a shortage of skilled workforce restrains the growth of this market.
Furthermore, the rising number of manufacturing operations in emerging economies and the increasing adoption of AI in supply chain management and logistics are expected to generate growth opportunities for the stakeholders in this market. However, data security and privacy concerns are a major challenge impacting the growth of the AI in manufacturing market.
The global AI in manufacturing market is segmented based on component (hardware [processors, memory, networking], software [AI platforms, AI solutions], and services [deployment & integration, support & maintenance]), technology (machine learning (ML), natural language processing (NLP), context-aware computing, computer vision, speech and voice recognition, and machine reasoning), application (field services, quality management, cybersecurity, robotics & factory automation, predictive maintenance & machinery inspection, material handling, production planning, safety planning, energy management, and supply chain optimization), end-use industry (semiconductor & electronics, energy & power, pharmaceuticals, medical devices, automotive, heavy metals & machine manufacturing, fast-moving consumer goods, aerospace and defense, and other end-use industries) and geography. The study also evaluates industry competitors and analyses the regional and country-level markets.
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Based on component, in 2024, the hardware segment is expected to account for the largest share of 44.6% of the global AI in manufacturing market. This segment’s large market share can be attributed to the growing adoption of AI hardware in the manufacturing sector, the increasing R&D expenditure to develop AI hardware, and stringent regulations to ensure safe manufacturing practices. However, the services segment is projected to record the highest CAGR during the forecast period. The growth of this segment is driven by the growing adoption of smart manufacturing services and the shortage of skilled professionals.
Based on technology, in 2024, the machine learning segment is expected to account for the largest share of 67.7% of the global AI in manufacturing market. However, the natural language processing segment is projected to register the highest CAGR during the forecast period. This segment’s growth is driven by the increasing demand for NLP technology for analyzing machinery data to predict and prevent failures, automating inspection report analysis, ensuring adherence to safety protocols through real-time analysis, enabling personalization based on customer feedback analysis, and optimizing manufacturing processes by evaluating production data.
Based on application, in 2024, the predictive maintenance & machinery inspection segment is expected to account for the largest share of 20.6% of the global AI in manufacturing market. This segment’s large market share can be attributed to the rising demand for self-monitoring systems, the increasing need to reduce the costs of heavy equipment operation and maintenance, and the growing demand for real-time plant monitoring in the manufacturing sector. Moreover, the predictive maintenance & machinery inspection segment is projected to register the highest CAGR during the forecast period.
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Based on end-use industry, in 2024, the automotive segment is expected to account for the largest share of 18.0% of the AI in manufacturing market. This segment’s large market share can be attributed to the increasing adoption of AI by automotive manufacturers, increasing demand for advanced driver-assistance systems (ADAS) and autonomous vehicles, and consumers’ preference for vehicles with advanced safety features.
However, the medical devices segment is expected to register the highest CAGR during the forecast period. This segment’s growth is driven by increasing demand for advanced healthcare technologies, regulatory compliance requirements, and the need for improved efficiency and quality in medical device manufacturing processes.
Based on geography, in 2024, Asia Pacific is expected to account for the largest share of 53.1% of the global AI in manufacturing market, followed by Europe, North America, Latin America, and the Middle East & Africa. The Asia Pacific AI in manufacturing market is estimated to be worth USD 6.3 Billion in 2024. Asia-Pacific’s significant market share can be attributed to the rising demand for automation, the increasing adoption of industrial robots, the advent of Industry 4.0, the growing adoption of cloud-based manufacturing solutions, and the presence of prominent market players in the region. Moreover, the market in Asia-Pacific is projected to record the highest CAGR of 34.1% during the forecast period.
The key players operating in the AI in manufacturing market include Google LLC (A Subsidiary of Alphabet Inc.) (U.S.), International Business Machines Corporation (U.S.), Intel Corporation (U.S.), Microsoft Corporation (U.S.), NVIDIA Corporation (U.S.), Oracle Corporation (U.S.), Cisco Systems, Inc. (U.S.), Rockwell Automation, Inc. (U.S.), Amazon Web Services, Inc. (A Subsidiary of Amazon.com, Inc.) (U.S.), Siemens AG (Germany), General Electric Company (U.S.), SAP SE (Germany), Advanced Micro Devices, Inc. (U.S.), Robert Bosch GmbH (Germany), and Sight Machine Inc. (U.S.).
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Scope of the report:
AI in Manufacturing Market Assessment—by Component
HardwareProcessorsNetworkMemorySoftwareAI platformsAI solutionsServicesDeployment & integration servicesSupport & maintenance servicesAI in Manufacturing Market Assessment—by Technology
Machine LearningNatural Language ProcessingComputer VisionMachine ReasoningSpeech and Voice RecognitionContext-aware ComputingAI in Manufacturing Market Assessment—by Application
Predictive Maintenance & Machinery InspectionQuality ManagementRobotics & Factory AutomationSupply Chain OptimizationMaterial HandlingProduction PlanningSafety PlanningField ServicesCybersecurityEnergy ManagementAI in Manufacturing Market Assessment—by End-use Industry
AutomotiveSemiconductor & ElectronicsHeavy Metals & Machine ManufacturingEnergy & PowerAerospace and DefenseMedical DevicesPharmaceuticalsFast-moving Consumer GoodsOther End-use IndustriesAI in Manufacturing Market Assessment—by Geography
Asia-PacificChinaJapanSouth KoreaIndiaAustralia & New ZealandIndonesiaThailandTaiwanVietnamRest of Asia-PacificEuropeGermanyItalyU.K.FranceSpainNetherlandsRussiaTurkeyIrelandRest of EuropeNorth AmericaU.S.CanadaLatin AmericaMexicoBrazilRest of Latin AmericaMiddle East & AfricaUAEIsraelRest of Middle East & AfricaUnlock Opportunities: Buy Now- https://www.meticulousresearch.com/Checkout/96231937 
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Conversational AI Market by Offering, Application, Organization Size, Deployment Mode, Sector (IT & Telecommunications, BFSI, Retail & E-commerce, Healthcare & Life Sciences, Travel & Hospitality, Education, Manufacturing) – Global Forecast to 2030https://www.meticulousresearch.com/product/conversational-ai-market-5594
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Related Blogs:
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About Meticulous Research®
Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.
Contact:Mr. Khushal BombeMeticulous Market Research Inc.1267 Willis St, Ste 200 Redding,California, 96001, U.S.USA: +1-646-781-8004Europe: +44-203-868-8738APAC: +91 744-7780008Email- [email protected] Visit Our Website: https://www.meticulousresearch.com/Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-researchContent Source: https://www.meticulousresearch.com/pressrelease/294/ai-in-manufacturing-market-2031
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