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Surface Inspection Market Size [2022-2028] to Reach USD 5.95 Billion and Exhibit a CAGR of 7.13% | The Brainy Insights

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Newark, May 12, 2022 (GLOBE NEWSWIRE) — According to the new report published by The Brainy Insights, the global surface inspection market is anticipated to grow from USD 3.43 billion in 2020 to USD 5.95 billion by 2028 at a CAGR of 7.13% during the forecast period 2021-2028.
Surface inspection inspects the presence or lack of features needed in the final product. There are other aspects which are verified using the surface inspection method such as whether the product assembly is right or not, finding the flaws and defects on the surface of the various sections of the machines or boards.

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Surface inspection includes the usage of angled lighting and smart cameras to reliably spot surface defects or features on objects as they are created in real time.As a consequence of growing design complexities, the need for surface inspection solutions in the automobile industry and the need to inspect electronic printing in electronics and electrical manufacturing are several factors that boost the need for surface inspection solutions over the forecast period. Technological developments have also led to market growth by a decline in overall costs and increasing accuracy. However, the consumer requirements of this market tend to change, prompting trainings of staff to manage the new systems. Highly trained individuals are a crucial prerequisite for operating high-end and frequently-changing surface inspection systems.Staff should understand machine signals and operate hand in hand with collaborative robots,where surface inspection systems are mounted on robots.
Key players operating in the global surface inspection market include Allied Vision Technologies, Ametek, Basler, Baumer, Dark Field Technologies, DatalogicSpA, FLIR Systems, IMS Messsysteme, In-core Systemes, Industrial Vision System, ISRA Vision, Keyence, Matrox Electronic System, National Instruments, Omron, Panasonic, Sick, Sony Corporation, Teledyne Technologies and Vitronicamong others.The key players are now concentrating on implementing strategies such as adopting new technology, product innovations, mergers & acquisitions, joint venture, alliances, and partnerships to improve their market position in the global surface inspection industry.

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The camera segment is anticipated to grow at the highest CAGR of around 7.4% over the forecast period

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The component segment is divided into software, frame grabber, camera, processor, lighting equipment.Cameras are becoming lighter, smaller, and less costly, which is projected to fuel future demand. The camera segment is anticipated to grow at the highest CAGR of around 7.4% over the forecast period. Also, the pictures produced have more accuracy and sharpness. Furthermore, demand for smart cameras is growing across manufacturers of small and medium scale, as they can be conveniently integrated with existing manufacturing infrastructure. Also, cameras are now being updated periodically as per resolution and frame rate. Although other components find replacements, the camera and software stay unreplaced.

The computer system segment held the largest market share of around 62.05% and a market value of around USD 2.14 billion in 2020

The system segment includescomputer system and camera system.Computer-based surface inspection systems can perform dynamic operations at reasonably fast speeds and typically have higher processing capacity that helps them to manage unpredictable variables in some tasks.The computer system segment held the largest market share of around 62.05% and a market value of around USD 2.14 billion in 2020.

The 3D segment is expected to grow at the highest CAGR of around 7.5% over the forecast period

The surface type segment is divided into2D and 3D. 3D surface inspection system overcomes the disadvantages of a number of 2D surface inspection systems. In contrast, 3D systems are invariant, and 3D inspection, therefore, allows for stable detection of minute dents and flaws that look similar to target patterns that are difficult to distinguish from conventional 2D images. Therefore, the camera segment is anticipated to grow at the highest CAGR of around 7.5% over the forecast period.

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The automotive segment emerged as the leader with the largest market share of around 21.02% and a market value of around USD 727.25 Million in 2020

The vertical segment includes semiconductor, automotive, paper & wood, electrical & electronics, glass & metal, plastic & rubber, food & packaging, medical &pharmaceuticals, printing, non-woven, postal & logistics. Because the automobile sector has always embraced automation in the production processes from the production line and robot-supported manufacturing until today’s fourth industrial revolution, the automobile industry is also the main global consumer of surface inspection technology. Therefore, the automotive segmentemerged as the leader with the largest market share of around 21.02% and a market value of around USD 727.25 million in 2020.

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Regional Segment Analysis of the Surface Inspection Market

• North America (Canada, U.S., Mexico)
• Europe (France, Germany, U.K., Italy, Spain, Rest of Europe)
• South America (Brazil and Rest of South America)
• Asia-Pacific (Japan, China, India, Rest of APAC)
• Middle East and Africa (UAE, South Africa, Rest of MEA)

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Because North America region is a center for the IT industry and offers reliable assistance to surface inspection firms for the integration of artificial intelligence. Also, automobile is another prominent industry in North America, which is driving the global surface inspection market in the region.The North America region emerged as the largest market for the surface inspection with a 36.24% share and a market value of about USD 1.24 billion in 2020. Also because of the low cost of production, the convenient supply of skilled labour, lenient pollution & safety regulations and Foreign Direct Investment (FDI) policy initiatives, Asia Pacific is anticipated to be the fastest-growing region.

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About the report:

The global surface inspection market is analysed on the basis of value (USD billion).All the segments have been analyzed on global, regional and country basis. The study includes an analysis of more than 30 countries for each segment. The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The study includes porter’s five forces model, attractiveness analysis, raw material analysis, supply, demand analysis, competitor position grid analysis, distribution and marketing channels analysis.

About The Brainy Insights:

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The Brainy Insights is a market research company, aimed at providing actionable insights through data analytics to companies to improve their business acumen. We have a robust forecasting and estimation model to meet the clients’ objectives of high-quality output within a short span of time. We provide both customized (clients’ specific) and syndicate reports. Our repository of syndicate reports is diverse across all the categories and sub-categories across domains. Our customized solutions are tailored to meet the clients’ requirement whether they are looking to expand or planning to launch a new product in the global market.

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Artificial Intelligence

Xinhua Silk Road: E China’s Changzhou City unveils investment opportunities in sectors of new productive forces for global investors

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BEIJING, Sept. 29, 2024 /PRNewswire/ — Changzhou City, an leading international smart manufacturing base located in east China’s Jiangsu Province, has released a bunch of investment investment opportunities to global investors in various sectors of new productive forces at the the 2024 New Energy Industry Development Conference & Invest in Changzhou Conference held in the city on September 19.

The investment opportunities covers nine areas including synthetic biology, low-altitude economy, intelligent connected new energy vehicles, solid-state batteries, hydrogen energy, third-generation semiconductors, and artificial intelligence, manifesting the confidence of Changzhou in further opening development. 
Changzhou, seated in the axis of the Yangtze River Delta, has become an important base for advanced manufacturing in China.
In recent years, thanks to intensified efforts in developing new energy industry and fostering new quality productive forces, Changzhou has expanded the added value of its industrial sector to more than two trillion yuan, with manufacturing added value accounting for about 43 percent, both ranking among the top three in Jiangsu Province.
In the Hurun China New Energy Cities 2024, a list released by the Hurun Research Institute at the conference, Changzhou ranked first among other cities in the country for three consecutive years in terms of investment attractiveness and concentration.
Changzhou has accumulated a total of 10.59 billion US dollars (nearly 74.25 billion yuan) in terms of actually utilized foreign capital since 2020. Major projects such as soft magnetism of ArcelorMittal and medical device of BIOS, a Hong Kong-based company, have been launched during the conference. 
In addition, Changzhou has released a multilingual guide for foreign nationals in Changzhou at the conference, which includes practical service items in stay and residence, work, convenient payment options, among others, turning the city into a more open and international place.
Original link: https://en.imsilkroad.com/p/342380.html
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Artificial Intelligence

CGTN: China honors individuals with highest awards in celebration of 75th National Day

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BEIJING, Sept. 29, 2024 /PRNewswire/ — Huang Zongde enlisted in the Chinese People’s Liberation Army at the age of 17, beginning a nearly four-decade-long military career where his bravery, valor and devotion earned him countless awards and honors.

The heavily decorated 93-year-old received the highest state honor on Sunday when Chinese President Xi Jinping conferred him with the Medal of the Republic at a ceremony in the Great Hall of the People in Beijing.
China awarded national medals and national honorary titles to 15 individuals, including Huang, in recognition of their contribution and achievement as it celebrates the 75th anniversary of the founding of the People’s Republic of China, which falls on October 1.
Chinese heroes and role models
In addition to Huang, three others were awarded the Medal of the Republic. Wang Yongzhi, a missile and rocket expert and a pioneer of China’s manned space program, was honored posthumously. Wang Zhenyi, a medical scientist known for breakthroughs in leukemia treatment, and Li Zhensheng, an expert in wheat breeding, are also among the honorees.
The national honorary titles went to 10 people, including scientists, a border patrolman, an artist, a craftsman, educators, a health worker, an economist and an athlete.
Addressing Sunday’s awarding ceremony, President Xi, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, called on the Chinese people to learn from heroes and role models to form a mighty force to build a strong China.
China is in a crucial period for building a great modern socialist country in all respects and achieving national rejuvenation through Chinese modernization, he said.
Encouraging the Chinese people to strive for extraordinary achievements at ordinary job posts, Xi urged them to contribute to resolving challenges to development and reform and safeguarding social harmony and stability.
China’s old friends and good friends
As its highest state honor for foreigners, China awarded the Friendship Medal to Dilma Rousseff, president of the New Development Bank and former Brazilian president, for her commitment to the friendship between China and Brazil, and development of relationship between China and the Community of Latin American and Caribbean States, and cooperation among BRICS countries, a group of major emerging economies.
Accepting the honor at the ceremony, Rousseff said the medal symbolizes the strong bonds between Brazil and China and pledged to continue her unremitting efforts to promote the friendship.
China’s achievements over the decades, including economic transformation, technological innovation and remarkable social development, have made it a beacon and a source of inspiration for the world, she said.
Xi lauded Rousseff as an outstanding representative of China’s old friends and good friends who have shared the same aspirations and stood together with the Chinese people over the past 75 years and vowed that China will never forget such international friends.
The Chinese people are ready to join hands with people from all over the world to safeguard world peace, promote common development and advance the building of a community with a shared future for mankind to create a better future for humanity, he said.
https://news.cgtn.com/news/2024-09-29/China-honors-individuals-with-highest-awards-ahead-of-National-Day-1xhS1SaZeZa/p.html
 

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Kazakhstan Government Delegation Visited SUPCON

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HANGZHOU, China, Sept. 29, 2024 /PRNewswire/ — On September 26, a delegation from the Ministry of Digital Development, Innovations and Aerospace Industry of the Republic of Kazakhstan, led by Minister Madiyev Zhaslan, visited SUPCON. SUPCON’s Chairman and President, Mr.Cui Shan, warmly welcomed the delegation.

The Kazakhstan government representatives expressed their appreciation and recognition of SUPCON’s expertise and innovation in intelligent manufacturing, digital transformation, and industrial AI.
Madiyev Zhaslan expressed a strong interest in industrial AI technologies of SUPCON, particularly their applications in intelligent and low-carbon facilities. He looks forward to exploring extensive collaboration with SUPCON across various sectors in Kazakhstan.
Cui Shan emphasized that as a leading industrial AI company with a global presence, SUPCON will leverage its technological advantages to meet Kazakhstan’s industry development requirements and trends, injecting new momentum into the country’s industrial digitalization.
In 2023, SUPCON established a subsidiary in Kazakhstan as its Central Asia regional headquarters and set up a localized operational system. SUPCON will continue to invest in the long-term development of the Central Asia region, contributing further wisdom and strength to the industrial digital transformation in Kazakhstan and beyond.
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