Market Research Report
Asia Pacific Surface Inspection Market By Surface Type, By Deployment Type, By Component, By End User, By Country, Growth Potential, Industry Analysis Report and Forecast, 2021 - 2027
|Asia Pacific Surface Inspection Market By Surface Type, By Deployment Type, By Component, By End User, By Country, Growth Potential, Industry Analysis Report and Forecast, 2021 - 2027|
Published: September 30, 2021
Content info: 129 Pages
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The Asia Pacific Surface Inspection Market would witness market growth of 9.2% CAGR during the forecast period (2021-2027).
Surface Vision Market is projected to witness substantial growth due to growing demand for quality inspection and assurance, combined with latest technical advancements, including faster image processors and reliable cameras. Increased complexity of product design and manufacturing has contributed to a significant rise of product defects. In order to reduce these risks and maintain a competitive advantage, companies are focused on improving their quality inspection systems. Significant technical advances, such as high-resolution cameras, more powerful image processors, and reliable applications, have also improved inspection technologies. Surface vision and inspection technologies have now grown into a wide variety of reliable, cost-effective and minimal human intervention inspection facilities.
For the photographic inspections of the product that need repeatability of dimensions, elevated magnification, and high speed, several manufacturers choose machine vision as the best option. It is mostly utilized in the semiconductor industry for the manufacturing of products. Additionally, industries such as printing, solar cells, locomotives, and semiconductors are excessively adopting 3D imaging for their manufacturing process, thereby fueling the growth of the surface inspection market.
The Asia-Pacific surface inspection market is growing at a fast pace due to the enhanced productivity & accuracy and the growing requirement of decreasing the overall cost of ownership. In addition, the determinants like reducing manufacturing errors, growing demand for high-quality products, and increasing labor cost would create new growth avenues for the surface inspection market in this region. Additionally, outsourcing of manufactured products in this region is witnessing a significant rise due to which, there is a huge demand for surface inspection systems from the industrial sector.
Further, nations like China, India, Japan, and the Republic of Korea are the key investors in the surface inspection market, thus driving the growth of the market. Besides, the presence of major manufacturers of the surface inspection systems in the region is another aspect accountable to boost the demand for these systems. Moreover, surface inspection systems have found their wide applications in manufacturing industries such as fast-moving consumer goods (FMCG) and automobiles. Therefore, these factors would offer lucrative opportunities for the manufacturers in this region, which will fuel the growth of the surface inspection market in the forthcoming years.
The China market dominated the Asia Pacific Camera based Surface Inspection Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $172.7 million by 2027. The Japan market is showcasing a CAGR of 9.1% during (2021 - 2027). Additionally, The India market is anticipated to witness a CAGR of 10.4% during (2021 - 2027).
Based on Surface Type, the market is segmented into 2D and3D. Based on Deployment Type, the market is segmented into Computer based and Camera based. Based on Component, the market is segmented into Cameras, Lighting Equipment, Processors, Software, Frame Grabbers & Optics, and Others. Based on End User, the market is segmented into Semiconductor & Electronics, Food & Beverages, Healthcare, Automotive, Paper & Wood, Glass & Metal, Plastic & Rubber, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Omron Corporation., Panasonic Corporation, Keyence Corporation, Cognex Corporation, Teledyne Technologies, Inc., Basler AG, ISRA Vision AG (Atlas Copco), Ametek, Inc., VITRONIC Machine Vision, and Matrox Electronic Systems Ltd.
Market Segments covered in the Report:
By Surface Type
By Deployment Type
By End User
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List of Figures