A new market study issued by Transparency Market Research (TMR) provides an in-depth analysis of the global surface vision and inspection market, highlighting the past performance, current trends, and the future prospects of this market.The research report, titled “Surface Vision and Inspection Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019”, presents a comparative study of the global surface vision and inspection market, including a quantitative as well as qualitative analysis of the surface vision and inspection industry and its various market segments.
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The global surface vision and inspection market had reached a value of US$1,251.4 million in 2012. During the period of 2013 to 2019, the market is expected to grow at a CAGR of 8.9% and will attain a value of US$2.31 billion by 2019.Surface vision and inspection determines the presence and absence of features as per the requirements of the final product. This technique is utilized to check if a product is assembled accurately and to identify flaws or defects on surfaces of several parts. Burned steel, scabs, seams, laps, twists, and guide marks are some of the common defects. Surface vision and inspection techniques are mostly being adopted by various manufacturing companies. The robust yet simplistic style of using surface vision and inspection techniques is the main factor that will assist the surface vision and inspection market to grow globally in the near future.
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The global surface vision and inspection industry is evaluated based on the components, types, applications, and the regional distribution of this market. By component, the market for cameras was the dominant market in the surface vision and inspection market, across the globe, in 2012. On the other hand, the market for software and hardware is likely to witness the fastest development during the period of 2013 to 2019. The increasing demand for effective and user-friendly surface vision and inspection systems is the main reason for this expected growth.
Computer systems and camera systems are the two segments of the surface vision and inspection market based on its type, in which computer systems dominated the overall industry in 2012. The ability to handle complicated operations thanks to the superior processing power of computer systems was the key reason behind this. However, the market for camera systems is likely to experience significant development during the period of 2013 to 2019. Its smaller size, lower maintenance, and lower cost are the main reasons for this surge in its growth.On the basis of application, the semiconductor market held the biggest market share in 2012. The Food and Drug Administration and various other national institutions are putting mandatory standards and regulations into practice to enhance the goods manufacturing process. In the pharmaceutical industry, surface vision and inspection technique assists in drug synthesis and label tracking.
Being one of the major regional markets for surface vision and inspection, North America contributed around US$368.4 million to the global surface vision and inspection industry, in terms of revenue. However, surface vision and inspection systems manufacturers from Europe and North America are shifting their operating facilities in the emerging economies of Asia Pacific to benefit from the lower labor wages enforced in those countries.