Market Scope
Market Research Future (MRFR) anticipates that the escalating
demand from diverse industries can help the surface inspection market 2020 gain
major grounds between 2016 and 2027 (appraisal period). We will provide
COVID-19 impact analysis with the report.
Top Drivers and Main Deterrents
The Surface Inspection Market largely benefits from the heavy
investments in the semiconductor industry and the consequent surge in
technological developments. Today’s customers prefer better quality and
superior products, which compels the manufacturers to utilize creative surface
inspection techniques in diverse application areas. Advanced solutions like
machine vision or MV are used to review the product automatically to boost the
efficiency of the production process.
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Notable
Competitors
Notable
competitors in the surface inspection market include Teledyne Technologies Inc.
(U.S.), Omron Corporation (Japan), Toshiba Corporation (Japan), IMS Messsysteme
GmbH (Germany), Panasonic Corporation (Japan), VITRONIC GmbH (Germany), AMETEK,
Inc. (U.S.), ISRA VISION AG (Germany), Matrox Electronic Systems Ltd. (Canada),
Micro scan Systems, Inc. (U.S.), and more.
Furthermore, manufacturers are increasingly deploying MVs for
visual inspection processes that involve high magnification, high speed as well
as repeatability of measurements. The surface inspection technology finds
widespread use in the semiconductor industry for fabrication applications. The
3D vision technique has gained massive favor among several industries including
semiconductor, solar cells, printing and automotive, which works in favor of
the surface inspection market.
The skyrocketing demand for robot-based inspection systems,
particularly for collaborative robots, is viewed as a lucrative opportunity.
The increasing integration of surface inspection systems with robots, to
facilitate higher process speed, reduction in cost as well as human errors
boosts the revenue growth in the market. The rising interest in IIoT or
industrial internet of things is also considered to be a significant
opportunity that can induce major market growth in the preceding years.
As per the impact analysis on covid-19, the semiconductor
industry can note substantial revenue loss. The review of the short term impact
suggests that the technology supply chain can take a long time to recuperate.
The long-term impact of COVID-19 can be the economic disruption that can take
years to recover. However, with a number of countries putting in efforts to
achieve a Covid-19 breakthrough, the semiconductor industry and the surface
inspection market can find some relief during the review period. More and more
players are increasing their spending on R&D activities and are also
proactively pursuing mergers and acquisitions (M&As) that can help them
curb revenue losses incurred from distressed assets. The increasing automation
across manufacturing industries can also result in high revenue generation in
the surface inspection market over the coming years.
Segmental Analysis
The segmental analysis of the Surface
Inspection Market Size covers surface type, devices and application.
The surface types reviewed in the market study are 2D as well
as 3D.
The device-based market segmentation includes optics, camera,
processors, frame grabbers, and software among others.
The application areas of surface inspection technology are
automotive, semiconductor, medical & pharmaceuticals, glass & metal,
electronics, paper & wood, food & packaging, postal & logistics and
more.
Regional Insight
The Americas, Asia Pacific (APAC), the Middle East &
Africa (MEA) and Europe are the prominent markets for surface inspection.
In terms of volume and value, the APAC market can make massive
strides in the following years, s a result of the heightened demand from
semiconductor and automotive industry. The growth of food and packaging and
electrical & electronics industries in the region can also lead the surface
inspection market to greater heights between 2016 and 2027. A huge number of
international vendors are setting up their base in the region, in view of the
low labor costs and the high availability of manpower. The region is one of the
leading manufacturing hubs in the world, characterized by the existence of
rapidly developing nations like India, Japan, South Korea and China, which
facilitates the growth of the surface inspection systems market.
In the Americas, the United States (U.S.) comprises an
expansive industrial sector backed by the open investment policy, a technically
brilliant workforce and the presence of well-developed infrastructure. The
successful semiconductor and automotive industries in the region, which are the
primary end-users in the surface inspection market, also help with revenue
generation. Healthcare remains one of the prime end-use industries in the
region, along with the IT industry, that provide strong backing to the surface
inspection vendors when it comes to integration of artificial intelligence and
similar technologies.
Recent News
April 2020
Teledyne DALSA, a worldwide leader in digital imaging
technology, recently launched the Calibir GXM series. The latest company
offering boasts of outstanding infrared imaging, along with exceptional
sensitivity, great radiometric performance and wide coverage of varying
temperature. Calibir facilitates repeatable but accurate results for important
applications such as detection of increased skin temperature during fever
screening.
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