Market Research Report
LAMEA 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
|LAMEA 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
Delivery time: 1-2 business days
The Latin America, Middle East and Africa Surface Inspection Market would witness market growth of 9.9% CAGR during the forecast period (2021-2027).
The increase in demand for vision and inspection systems across manufacturing industries is projected to boost demand over the coming years. Advancements in industrial activities have contributed to mass production in order to reduce overall operating costs. Nevertheless, this raises the probability of errors and defects, making machine vision (MV) systems necessary for high product quality. Surface vision and inspection systems help eliminate waste, improve production performance and decrease production costs.
In addition, these systems provide immediate quantitative feedback, such as quantity and type of defect. Further, ongoing technical advancements have led to better systems with high accuracy and decreased application development time. Due to stringent legislation to improve food and drug safety and to fight counterfeiting, a number of food and pharmaceutical manufacturers are concentrating on traceability. Inspection systems provide value in being able to prevent illegal trade across unauthorized networks, avoid counterfeiting and increase visibility.
In LAMEA, the surface inspection market would witness a gradual growth in the coming years. The surface inspection systems offer real-time quantitative feedback like type & quantity of defect. In addition, rapid enhancements in technology are resulting in providing advanced systems that offer reduced time for application development and high accuracy. Additionally, various pharmaceutical and food manufacturers are increasingly focusing on traceability, owing to strict laws to enhance food & drug safety and to reduce counterfeiting activities in this region.
Moreover, inspection systems are capable of reducing counterfeiting, increasing visibility, and preventing illegal trade across unauthorized networks across this region. These factors would create new growth avenues for the surface inspection market. However, the dearth of resources and a decreased acceptance rate of surface inspection systems by small and medium-sized enterprises are hampering the growth of the regional surface inspection market.
The Brazil market dominated the LAMEA Processors Surface Inspection Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $18.9 million by 2027. The Argentina market would witness a CAGR of 11.7% during (2021 - 2027). Additionally, The UAE market is expected to witness a CAGR of 10.7% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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