Which are the major opportunities in the surface inspection market

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MarketsandMarkets Presents
Surface Inspection Market by Component (Camera,
Frame Grabber, Processor, Software), Surface Type
(2D and 3D), System (Computer System and Camera
System), Deployment Type (Traditional, Robotic
Cell), Vertical, and Geography - Global Forecast
to 2025 The surface inspection market to grow
from USD 3.7 billion in 2020 to USD 5.3 billion
by 2025, at a Compound Annual Growth Rate (CAGR)
of 7.4
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MarketsandMarkets Presents
The performance of  surface inspection systems
depends on features of its components such as 
cameras, image processors, and software.
Technological Improvements in cameras,  robust
software and more powerful image processors are
driving the market as  industrial applications
are also increasing in complexity. Download PDF
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wnloadNew.asp?id192440286 With these 
advancements, the surface inspection systems are
capable of handling  applications in various
industries such as semiconductor, automobile, 
electrical electronics, glass metal, food,
medical   pharmaceutical and plastic. Increasing
wages in various countries such as the UK, 
China, Spain, South Korea, and Israel, is also
driving the market. This is  because the
companies are moving towards automation to reduce
costs.
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MarketsandMarkets Presents
Automotive Industry held the largest share in the
surface inspection market in 2019. The
automotive industry requires surface inspection
of complex parts such as cylinder bores and
crankcases, and reflective painted parts, which
are difficult to inspect with the human eye.
Surface inspection systems are also required for
areas inaccessible to humans and for applications
that cause health hazards.
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MarketsandMarkets Presents
Software is estimated to grow at the highest CAGR
during the forecast period. Development in
hardware is expected to reach saturation earlier,
after which any innovation will have to be
provided by the software. It is software that is
responsible for making complex 3D technology
feasible and allowing the use of multiple cameras
for an application.
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MarketsandMarkets Presents
APAC expected to grow at highest CAGR during the
forecast period APAC, being a major market,
consists of a diverse range of economies with
varying levels of development and the presence of
various manufacturers. APAC is estimated to grow
at the highest CAGR during the forecast period
due to the high industrialization in China,
Japan, and South Korea
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MarketsandMarkets Presents
Major companies in the surface inspection market
include ISRA Vision (Germany), Ametek (US), Omron
(Japan), Teledyne Technologies (US), Panasonic
(Japan), Keyence (Japan), Datalogic (Italy),
Matrox (Canada), IMS Messsysteme (Germany) and
Vitronic (Germany).
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MarketsandMarkets Presents
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