Surface Inspection Market

Global Surface Inspection Market Research Report: By Component (Cameras, Frame Grabbers, Optics, Lighting Equipment, Processors, Software, and Others), By Surface Type (2D and 3D), By System (Computer-based Systems and Camera-based Systems), By Industry Vertical (Semiconductors, Automotive, Electrical & Electronics, Food & Packaging, Pharmaceutical, and Others), By Deployment (Traditional and Robotic Cell), and Region (North America, Europe, Asia-Pacific, and Rest of the World) Global Industry Analysis, Size, Share, Growth, Trends, Regional Analysis, Competitor Analysis and Forecast 2023-2031.

Electronics & Semiconductor | September 2023 | Report ID: EMR00126 | Pages: 217

The Global Surface Inspection Market was valued at USD 3.80 billion in 2022, and is estimated to reach approximately USD 7.41 billion by 2031, at a CAGR of 7.7% from 2023 to 2031. In order to assure the dependability and integrity of products, surface inspection is a critical technique used in manufacturing and quality control. In order to find flaws, inconsistencies, or blemishes that might influence an object's operation or look, one must inspect the object's outside surface. Depending on the material and amount of scrutiny required, several surface inspection methods are used. Common techniques include a visual examination, automated imaging systems, and cutting-edge technology like artificial intelligence and machine vision. With the use of these methods, faults like scuffs, dents, fractures, or color differences may be quickly and precisely identified.

 

 

SURFACE INSPECTION MARKET: REPORT SCOPE & SEGMENTATION

Report Attribute

Details

Estimated Market Value (2022)

3.80 Bn

Projected Market Value (2031)

7.41 Bn

Base Year

2022

Forecast Years

2023 - 2031

Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- By Component, By Surface Type, By System, By Deployment, By Industry Vertical, & Region

Segments Covered

By Component, By Surface Type, By System, By Deployment, By Industry Vertical, & Region

Forecast Units

Value (USD Billion or Million), and Volume (Units)

Quantitative Units

Revenue in USD million/billion and CAGR from 2023 to 2031

Regions Covered

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World

Countries Covered

U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others

Report Coverage

Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.

Delivery Format

Delivered as an attached PDF and Excel through email, according to the purchase option.

 

Global Surface Inspection Market Dynamics

The growing requirement for quality control and assurance in industrial processes drives the demand for dependable surface inspection solutions. Furthermore, the use of surface inspection systems is driven by severe government regulations and quality requirements placed on sectors like as automotive, electronics, and pharmaceuticals. Imaging technology improvements, such as machine vision and artificial intelligence, play a vital role in improving inspection accuracy and efficiency. In addition, the increasing emphasis on lowering manufacturing costs, decreasing waste, and increasing productivity drives businesses to invest in surface inspection systems to discover and resolve surface flaws early on.

 

Global Surface Inspection Market Drivers

  • Increasing Technological Advancements

Technological advancements in machine vision, artificial intelligence (AI), and deep learning algorithms have significantly enhanced the capabilities of surface inspection systems. These advancements have led to improved accuracy, speed, and efficiency in defect detection, allowing manufacturers to identify and rectify flaws at an early stage, reducing wastage and increasing productivity.

  • Growing Demand for Quality Control

 

Restraints:

  • Complex Implementation and Integration

Integrating surface inspection systems into existing manufacturing processes can be complex and challenging. It requires expertise in machine vision technology and may involve modifying the production line, which can disrupt operations and increase downtime. The complexity of implementation acts as a barrier to adoption, especially for companies with limited technical resources.

  • Limitations in Detecting Complex Defects

 

Opportunities:

  • Growing Adoption in Emerging Industries

The surface inspection market presents significant growth opportunities in emerging industries such as solar energy, 3D printing, and robotics. These industries require precise surface inspection to ensure the quality and performance of their products. As these industries continue to expand, the demand for surface inspection systems is expected to rise.

  • Integration with Industrial IoT and Industry 4.0

 

Segment Overview

By Surface Type

Based on the surface type, the global surface inspection market is divided into 2D and 3D. The 2D category dominates the market with the largest revenue share of around 56.4% in 2022. Technologies for 2D surface inspection provide an economical and effective way to find flaws and imperfections on an object's surface. They analyze 2D pictures and spot faults like scratches, dents, and color changes using high-resolution cameras and image processing algorithms.

 

By Industry Vertical

Based on industry vertical, the global surface inspection market is divided into semiconductors, automotive, electrical & electronics, food & packaging, pharmaceutical, and others. The semiconductor category dominates the market with the largest revenue share of around 34.6% in 2022, because semiconductors are vital components in a wide range of electronic products, including smartphones, laptops, and industrial equipment and automotive electronics. The rising demand for these gadgets drives up the price of semiconductors, which in turns bolstering the growth of surface inspection market during the forecast period.

 

By System Type

Based on system type, the global surface inspection market is divided into computer-based systems and camera-based systems. The computer-based systems category is anticipated to grow at a higher CAGR of 8.6% during the forecast period. This expansion may be ascribed to a number of things, including advances in computing technology, such as increased processing power and better algorithms, which have enabled more complex and precise surface inspection capabilities.

 

By Deployment

Based on deployment, the global surface inspection market is divided into traditional and robotic cell. The robotic cell category is anticipated to grow at a higher CAGR of 8.5% during the forecast period. The need for robotic cells is driven by rising automation demands and robotics usage in sectors including manufacturing, automotive, and electronics. Surface inspection is only one of the many jobs that robotic cells may do by combining robotic arms, sensors, and other automation components.

 

Global Surface Inspection Market Overview by Region

By Region, the global surface inspection market has been segmented into North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific held 36.5%, of the market share of global market in 2022. This growth can be ascribed to various factors such as the proximity to some of the world's greatest industrial economies, such as China, Japan, and South Korea. These nations have a large presence in industries that need substantial surface inspection procedures, such as automotive, electronics, and semiconductor production. Furthermore, rising industrialization and urbanization in emerging nations such as India, Indonesia, and Vietnam have boosted manufacturing activity and the need for quality control systems.

 

 

Global Surface Inspection Market Competitive Landscape

In the global surface inspection market, several major players exert significant market dominance and maintain a strong regional presence. These key players are dedicated to ongoing research and development activities. Additionally, they actively participate in strategic growth initiatives such as developing new products, launching product offerings, forming joint ventures, and establishing partnerships. The primary objective of these organizations is to strengthen their market position, expand their customer base, and capture a considerable share of the market.

 

Some of the leading companies in the global surface inspection market include Dark Field Technologies, Ametek Inc., Matrox Imaging, Datalogic S.P.A., Teledyne Technologies, Keyence Corporation, Cognex Corporation, OMRON Corporation, Basler AG, Baumer Holding AG, Panasonic Corporation, and various other key players.

 

Global Surface Inspection Market Recent Developments

In October 2022, In Louisville, Kentucky (US), Vitronic (Germany) has increased the size of its facilities. With this development, we hope to increase the capacity of our innovation-focused regional engineering and customer cooperation centers.

 

Scope of the Global Surface Inspection Market Report

Surface Inspection Market Report Segmentation

ATTRIBUTE

DETAILS

By Component

  • Cameras
  • Frame Grabbers
  • Optics
  • Lighting Equipment
  • Processors
  • Software
  • Others

 

By Surface Type

  • 2D
  • 3D

 

By System

  • Computer-based Systems
  • Camera-based Systems

 

By Deployment

  • Traditional
  • Robotic Cell

By Industry Vertical

  • Semiconductors
  • Automotive
  • Electrical & Electronics
  • Food & Packaging
  • Pharmaceutical
  • Others

By Geography

  • North America (USA, and Canada)
  • Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico, and Rest of Latin America)
  • Middle East & Africa (South Africa, GCC, and Rest of Middle East & Africa)

Customization Scope

  • Available upon request

Pricing

  • Available upon request

 

Objectives of the Study

The objectives of the study are summarized in 5 stages. They are as mentioned below:

 

  • Global Surface Inspection Market Size and Forecast:

To identify and estimate the market size for the global surface inspection market segmented by component, by surface type, by system, by deployment, by industry vertical, region and by value (in U.S. dollars). Also, to understand the consumption/ demand created by consumers of Surface Inspection between 2019 and 2031.

 

  • Market Landscape and Trends:

To identify and infer the drivers, restraints, opportunities, and challenges for the global surface inspection market

 

  • Market Influencing Factors:

To find out the factors which are affecting the sales of surface inspection among consumers

 

  • Impact of COVID-19:

To identify and understand the various factors involved in the global surface inspection market affected by the pandemic

 

  • Company Profiling:

To provide a detailed insight into the major companies operating in the market. The profiling will include the financial health of the company's past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.

 

Intended Audience

  • Surface Inspection Manufacturers
  • Raw Material Suppliers
  • Retailers, Wholesalers, and Distributors
  • Governments, Associations, and Industrial Bodies
  • Investors and Trade Experts

Research Methodology

Our research methodology has always been the key differentiating reason which sets us apart in comparison from the competing organizations in the industry. Our organization believes in consistency along with quality and establishing a new level with every new report we generate; our methods are acclaimed and the data/information inside the report is coveted. Our research methodology involves a combination of primary and secondary research methods. Data procurement is one of the most extensive stages in our research process. Our organization helps in assisting the clients to find the opportunities by examining the market across the globe coupled with providing economic statistics for each and every region.  The reports generated and published are based on primary & secondary research. In secondary research, we gather data for global Market through white papers, case studies, blogs, reference customers, news, articles, press releases, white papers, and research studies. We also have our paid data applications which includes hoovers, Bloomberg business week, Avention, and others.

Data Collection

Data collection is the process of gathering, measuring, and analyzing accurate and relevant data from a variety of sources to analyze market and forecast trends. Raw market data is obtained on a broad front. Data is continuously extracted and filtered to ensure only validated and authenticated sources are considered. Data is mined from a varied host of sources including secondary and primary sources.

Primary Research

After the secondary research process, we initiate the primary research phase in which we interact with companies operating within the market space. We interact with related industries to understand the factors that can drive or hamper a market. Exhaustive primary interviews are conducted. Various sources from both the supply and demand sides are interviewed to obtain qualitative and quantitative information for a report which includes suppliers, product providers, domain experts, CEOs, vice presidents, marketing & sales directors, Type & innovation directors, and related key executives from various key companies to ensure a holistic and unbiased picture of the market. 

Secondary Research

A secondary research process is conducted to identify and collect information useful for the extensive, technical, market-oriented, and comprehensive study of the market. Secondary sources include published market studies, competitive information, white papers, analyst reports, government agencies, industry and trade associations, media sources, chambers of commerce, newsletters, trade publications, magazines, Bloomberg BusinessWeek, Factiva, D&B, annual reports, company house documents, investor presentations, articles, journals, blogs, and SEC filings of companies, newspapers, and so on. We have assigned weights to these parameters and quantified their market impacts using the weighted average analysis to derive the expected market growth rate.

Top-Down Approach & Bottom-Up Approach

In the top – down approach, the Global Batteries for Solar Energy Storage Market was further divided into various segments on the basis of the percentage share of each segment. This approach helped in arriving at the market size of each segment globally. The segments market size was further broken down in the regional market size of each segment and sub-segments. The sub-segments were further broken down to country level market. The market size arrived using this approach was then crosschecked with the market size arrived by using bottom-up approach.

In the bottom-up approach, we arrived at the country market size by identifying the revenues and market shares of the key market players. The country market sizes then were added up to arrive at regional market size of the decorated apparel, which eventually added up to arrive at global market size.

This is one of the most reliable methods as the information is directly obtained from the key players in the market and is based on the primary interviews from the key opinion leaders associated with the firms considered in the research. Furthermore, the data obtained from the company sources and the primary respondents was validated through secondary sources including government publications and Bloomberg.

Market Analysis & size Estimation

Post the data mining stage, we gather our findings and analyze them, filtering out relevant insights. These are evaluated across research teams and industry experts. All this data is collected and evaluated by our analysts. The key players in the industry or markets are identified through extensive primary and secondary research. All percentage share splits, and breakdowns have been determined using secondary sources and verified through primary sources. The market size, in terms of value and volume, is determined through primary and secondary research processes, and forecasting models including the time series model, econometric model, judgmental forecasting model, the Delphi method, among Flywheel Energy Storage. Gathered information for market analysis, competitive landscape, growth trends, product development, and pricing trends is fed into the model and analyzed simultaneously.

Quality Checking & Final Review

The analysis done by the research team is further reviewed to check for the accuracy of the data provided to ensure the clients’ requirements. This approach provides essential checks and balances which facilitate the production of quality data. This Type of revision was done in two phases for the authenticity of the data and negligible errors in the report. After quality checking, the report is reviewed to look after the presentation, Type and to recheck if all the requirements of the clients were addressed.

Frequently Asked Questions

The global surface inspection market forecast period is 2023 - 2031
According to surface inspection market research, the market is expected to grow at a CAGR of ~7.7% over the coming years.
Asia-Pacific is expected to register the highest CAGR during 2023 - 2031
Asia-Pacific held the largest share in 2022
The major companies operating in the global surface inspection market include Dark Field Technologies, Ametek Inc., Matrox Imaging, Datalogic S.P.A., Teledyne Technologies, Keyence Corporation, Cognex Corporation, OMRON Corporation, Basler AG, Baumer Holding AG, Panasonic Corporation, and others.