Visual Inspection Market by Component, Technology Type, Application, Industry Vertical

List of Tables

[199 Pages Report] The Visual Inspection Market size was estimated at USD 5.63 billion in 2023 and expected to reach USD 6.01 billion in 2024, at a CAGR 6.95% to reach USD 9.02 billion by 2030.

Visual inspection is a critical and widely used method for assessing the quality, conformity, and integrity of products, materials, and infrastructure across various sectors. It involves systematically evaluating an item or structure using the naked eye or optical instruments such as magnifying glasses, microscopes, and cameras to identify surface defects, anomalies, and deviations from established standards or patterns. The visual inspection market is primarily driven by stringent quality control measures in the food & beverage and pharmaceutical industries, along with government initiatives supporting Industry 4.0 and robotic automation. However, limitations related to frequent maintenance and calibration of inspection systems and concerns surrounding false positives and negative occurrences in these systems may restrain growth. Market players are incorporating AI and ML technologies for precise defect detection and traceability. Furthermore, the rising popularity of 3D vision systems for accurate inspection presents additional potential by facilitating faster processing times, improved detection capabilities, and increased flexibility and adaptability to different production environments.

KEY MARKET STATISTICS
Base Year [2023]	USD 5.63 billion
Estimated Year [2024]	USD 6.01 billion
Forecast Year [2030]	USD 9.02 billion
CAGR (%)	6.95%

Component: Advancements in visual inspection hardware to enhance detection qualities

Hardware is the foundation for any visual inspection system, which typically includes cameras, lighting systems, lenses, sensors, robotic arms, or manipulators for positioning objects under investigation, and other ancillary equipment such as cables and connectors. Cameras are essential for capturing high-resolution images of the inspected items; they can be either two-dimensional (2D) or three-dimensional (3D), depending on the application's requirements. The services component encompasses consultation, integration support services such as installation assistance/training/documentation, maintenance agreements, remote monitoring/analysis/report generation, and after-sales support such as spares management & technical helpdesk/resources availability on-demand basis. The software comprises image processing algorithms, machine learning models, and user interfaces that enable the automatic detection of defects in captured images or video streams. Machine learning models utilize artificial intelligence techniques, including deep learning and neural networks, to learn from historical data and accurately predict defect classifications in real-time.

Technology Type: Rising popularity of machine vision to offer high-speed precision inspections

3D vision technology provides depth information for accurate object recognition and measurement. It is essential in the automotive, aerospace, electronics, and pharmaceutical industries for quality control, robot guidance, and defect detection. AI-based inspection systems leverage machine learning algorithms to improve detection accuracy and reduce false positives. This technology is suitable for complex inspections where traditional rule-based systems fall short. Camera-based inspection systems use high-resolution cameras to capture images of products or components for quality checks, and these systems aid in detecting defects such as surface scratches or minute component misalignments on production lines. Computer vision technology processes digital images and recognizes patterns, enabling automated inspection systems for quality control and sorting applications. Machine vision systems use cameras, sensors, and software algorithms to inspect objects at high speeds with great precision. Smart cameras are standalone devices that combine image capture with processing capabilities on chipsets without needing external PCs or controllers. These cameras are ideal for space-constrained environments or applications requiring decentralized inspection solutions.

Application: Extensive use of visual inspection for quality control to ensure product safety and customer satisfaction

Assembly verification is crucial in ensuring products are assembled correctly and function as intended. Manufacturers often use visual inspection systems to identify missing, misplaced, or misaligned components. Defect detection is pivotal in identifying product anomalies impacting performance or safety. Measurement & metrology entails precise evaluation of dimensions and geometries to ensure product quality and conformity with design specifications. Packaging inspection is necessary to ensure proper sealing, labeling, and overall integrity of packaged goods before they reach consumers. Quality control and assurance encompass various techniques to ensure manufactured products meet established specifications and standards. Sorting and grading involve classifying items based on attributes such as size, shape, or color. High-speed visual inspection systems can streamline these processes for manufacturers across sectors such as food, pharmaceuticals, and electronics. Surface inspection identifies defects or irregularities on material surfaces that may impact product performance or aesthetics.

Industry Vertical: Need for visual inspection processes in compliance with regulatory standards in the pharmaceutical industry

The aerospace and defense industry requires highly stringent visual inspection solutions to ensure the safety, performance, and reliability of their products. These industries typically opt for advanced automated or robotic inspection systems when inspecting aircraft components, spacecraft materials, and defense equipment. Visual inspection is crucial in maintaining quality standards within the automotive industry. In the electronics and semiconductor industries, microscopic-scale defects can significantly impact device performance. Ensuring product quality and safety is paramount within the food & beverage industry; thus, visual inspections are crucial for detecting foreign objects or contaminants throughout the production process. The manufacturing sector requires efficient visual inspection solutions to reduce production downtime and improve operational efficiency. Visual inspections are essential in the packaging industry for quality assurance and product traceability. Specialized automated inspection equipment can identify defects such as particulates or foreign matter within drug products' containers or delivery systems. Visual inspection technologies are increasingly being utilized in the retail and fast-moving consumer goods (FMCG) sectors to maintain product quality, enhance supply chain efficiency, and ensure customer satisfaction.

Regional Insights

Visual inspection has been widely adopted in industries, such as automotive manufacturing, aerospace engineering, pharmaceuticals, food processing, and electronics in the Americas. The region has witnessed an increased demand for technologically advanced inspection systems as companies strive to improve product quality while maintaining cost efficiency. In recent years, many American companies have focused on developing smart vision systems incorporating artificial intelligence (AI) and machine learning (ML) technologies to enhance their capabilities. Asia is anticipated to become a major market for visual inspection technology in the coming years due to rising investments in infrastructure development projects across China, India, Japan, South Korea, and Taiwan, among other countries. The production of visual inspection equipment is expected to rise in tandem with demand from major industries such as semiconductor manufacturing and electronics assembly. Moreover, foreign multinational corporations are expanding their presence in Asia-Pacific markets to cater to the rising end-user requirements. In Europe, visual inspection technology is well-integrated into numerous industries, given its strong legacy in advanced manufacturing methods and stringent quality control regulations. The region is home to several leading companies producing visual inspection systems as they are developing innovative solutions such as collaborative robots, intelligent cameras, and hyperspectral imaging for visual inspection.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Visual Inspection Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Visual Inspection Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Visual Inspection Market, highlighting leading vendors and their innovative profiles. These include Aantares Vision Group, Advantech Co., Ltd., Baker Hughes Company, Basler AG, Brevetti CEA SpA, Carl Zeiss AG, Cognex Corporation, Emerson Electric Co., FARO Technologies, Inc., General Electric Company, Google LLC by Alphabet Inc., Hexagon AB, International Business Machines Corporation, Jekson Vision Pvt. Ltd., Keyence Corporation, KPM Analytics, Korber AG, Mettler Toledo International Inc., MISTRAS Group, Inc., Mitsubishi Electric Corporation, Mitutoyo Corporation, Nommas AI, Olympus Corporation, Omron Corporation, Ravin AI Ltd., Robert Bosch GmbH, Rolls Royce PLC, SGS S.A., Sick AG, Siemens AG, Stevanato Group S.p.A., Teledyne Technologies Incorporated, TKH Group NV, ViTrox Corporation, Wenglor Sensoric Group, and Wipotec GmbH.

Market Segmentation & Coverage

This research report categorizes the Visual Inspection Market to forecast the revenues and analyze trends in each of the following sub-markets:

Component
- Hardware
- Services
- Software

Technology Type
- 3D Vision
- AI-based Inspection
- Camera-based Inspection
- Computer Vision
- Machine Vision
- Smart Cameras

Application
- Assembly Verification
- Defect Detection
- Measurement & Metrology
- Packaging Inspection
- Quality Control & Assurance
- Sorting & Grading
- Surface Inspection

Industry Vertical
- Aerospace & Defense
- Automotive
- Electronics & Semiconductors
- Food & Beverage
- Manufacturing
- Packaging
- Pharmaceuticals
- Retail & FMCG

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Visual Inspection Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Visual Inspection Market?

3. What are the technology trends and regulatory frameworks in the Visual Inspection Market?

4. What is the market share of the leading vendors in the Visual Inspection Market?

5. Which modes and strategic moves are suitable for entering the Visual Inspection Market?

Product Code: MRR-A6768A62EBF9

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Rise of Industry 4.0 and Robotic Automation Worldwide
  - 5.1.1.2. Stringent quality control measures taken by the food & beverage and pharmaceutical industries
- 5.1.2. Restraints
  - 5.1.2.1. Limitations associated with frequent maintenance and calibration of inspection systems
- 5.1.3. Opportunities
  - 5.1.3.1. Integration of AI & ML technologies for effective defect detection and traceability
  - 5.1.3.2. Enhanced focus on visual inspection of civil infrastructure and buildings
- 5.1.4. Challenges
  - 5.1.4.1. Concerns related to the occurrence of false positives & negatives
5.2. Market Segmentation Analysis
- 5.2.1. Component: Advancements in visual inspection hardware to enhance detection qualities
- 5.2.2. Technology Type: Rising popularity of machine vision to offer high-speed precision inspections
- 5.2.3. Application: Extensive use of visual inspection for quality control to ensure product safety and customer satisfaction
- 5.2.4. Industry Vertical: Need for visual inspection processes in compliance with regulatory standards in the pharmaceutical industry
5.3. Market Trend Analysis
- 5.3.1. Extensive end-use and diverse landscape of established market players promoting innovation in visual inspection across the Americas
- 5.3.2. Demand for standardized real time monitoring systems for visual inspection in the pharmaceutical and FMCG sectors in Asia-Pacific region
- 5.3.3. Advance manufacturing companies requiring stringent quality control process necessitates the visual inspection in EMEA
5.4. Cumulative Impact of High Inflation
5.5. Porter's Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework Analysis

6. Visual Inspection Market, by Component

6.1. Introduction
6.2. Hardware
6.3. Services
6.4. Software

7. Visual Inspection Market, by Technology Type

7.1. Introduction
7.2. 3D Vision
7.3. AI-based Inspection
7.4. Camera-based Inspection
7.5. Computer Vision
7.6. Machine Vision
7.7. Smart Cameras

8. Visual Inspection Market, by Application

8.1. Introduction
8.2. Assembly Verification
8.3. Defect Detection
8.4. Measurement & Metrology
8.5. Packaging Inspection
8.6. Quality Control & Assurance
8.7. Sorting & Grading
8.8. Surface Inspection

9. Visual Inspection Market, by Industry Vertical

9.1. Introduction
9.2. Aerospace & Defense
9.3. Automotive
9.4. Electronics & Semiconductors
9.5. Food & Beverage
9.6. Manufacturing
9.7. Packaging
9.8. Pharmaceuticals
9.9. Retail & FMCG

10. Americas Visual Inspection Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Visual Inspection Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Visual Inspection Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
- 13.3.1. Wenglow Acquires AI Visual Inspection Company Deevio
- 13.3.2. Advantech Acquires North American Image Capturing Solution Provider BitFlow Aiming at the Global AI Vision Application Market
- 13.3.3. Telit Cinterion deviceWISE AI Streamlines and Refines Visual Inspection for Manufacturing with AI and Deep Learning
- 13.3.4. Ravin Launches Its AI-Based Visual Inspection Tech In South Africa
- 13.3.5. Hexagon Accelerates Large Surface Inspection with New 3D Laser Scanner for Handheld and Automated Robotic Applications
- 13.3.6. Waygate and GE Aerospace's Technology Development
- 13.3.7. Siemens and Microsoft Drive Industrial Productivity with Generative Artificial Intelligence
- 13.3.8. Advantech's Expands its Operations and Service Center and Invests in a New Software R&D Center in India
- 13.3.9. KPM Analytics Acquires Food Focused AI Developer Smart Vision Works
- 13.3.10. Mitsubishi Electric to Launch Contact Image Sensor in New KD-CXF Series
- 13.3.11. Stevanato Group Collaborates with IL Group to Improve Safe Processing and Handling of Hazardous Injectable Drugs
- 13.3.12. Baker Hughes Acquires Qi2 Elements to Expand Inspection Solutions for Critical Energy Infrastructure
- 13.3.13. Advantech Launches the Pioneering All-in-One Machine Vision IPCs: AIIS-3411

14. Competitive Portfolio

14.1. Key Company Profiles
14.2. Key Product Portfolio