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Global Surface Vision and Inspection Market to Grow at a CAGR of 8.9% during 2013-2019

The global surface vision and inspection market is expected to attain positive growth at a CAGR of 8.9% during the forecast period between 2013 and 2019. In 2012, the market was worth US$1,251.4 million and by the end of 2019, the overall market is expected to be valued at US$2,310 million.

Growing Demand for Quality Products to Drive Global Surface Vision and Inspection Market

Surface vision and inspection determines the presence and absence of features as per final product requirements. This technique is specifically used to identify the flaws or defects on the surfaces of the several parts of manufactured products. Materials such as papers, foils, metals, plastics, and films are produced in continuous rolls at very high speeds and manufacturers have to check for seams, laps, scabs, twists, and guide marks on the surface of the products. Surface vision and inspection identifies and resolves the problems early in the production process to avoid manufacture of the defective goods

A complete brochure for this research is available for download.

The increasing need to reduce production costs and growing demand for quality products will drive demand from the global surface vision and inspection market. However, lack of standardization, coupled with the dearth of skilled labor, will negatively affect the market. Development of compact smart systems will open new opportunities for the global surface vision and inspection market during the forecast period from 2013 to 2019.

Camera Surface Vision and Inspection Systems to be Increasingly in Demand

Depending on the type of component, the global surface vision and inspection market has been segmented into optics, light equipment, frame grabber, camera, and software and hardware. In 2012, the camera segment dominated the component segmentation of the surface vision and inspection market. During the forecast period, the software and hardware segment is expected to witness rapid growth, owing to the increasing demand for effective and user-friendly surface vision and inspection systems.

Computer systems and camera systems are the two broad types of surface vision and inspection systems. Computer systems led the overall market in 2012, due to the capability of the systems to handle more complex operations. During the forecast horizon, camera systems are estimated to grow significantly, owing to their lower installation and maintenance costs and smaller size.

In terms of application, the global surface vision and inspection market has been divided into medical, semiconductors, food, metal, rubber and plastic, pharmaceutical and packaging, automotive, electronics/electrical, wood and paper, printing, and other applications. Semiconductors held the largest share of the market in 2012. Surface vision and inspection systems are used in the pharmaceutical sector for label tracking and drug synthesis. The various regulatory guidelines by authorities such as the U.S. FDA are expected to boost these segments during the forecast period.

North America’s Dominance to be Eroded by Asia Pacific

The global surface vision and inspection market has been divided into four key regions: Asia Pacific, Europe, North America, and Rest of the World. In 2012, North America was one of the major regions contributing to the growth of the market; the region generated revenue totally US$368.4 million. However, the manufacturers of surface vision and inspection systems in North America and Europe are moving their bases to the developing nations in Asia Pacific. The region will emerge as a leading market during the forecast period.

 

Key players in the global surface vision and inspection market include Cognex Corporation, ISRA Vision AG, Edmund Optics Inc., Omron Corporation, and Panasonic Corporation.

Browse the full Surface Vision and Inspection Market Research Report at- http://www.transparencymarketresearch.com/surface-vision-inspection-market.html

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