Frequently asked questions
In 2022, the surface vision and inspection market was estimated to be worth USD 2215.9 million.
The surface vision and inspection market is anticipated to increase at a CAGR of 7.50% from 2023 to 2030, reaching USD 3952 Million in 2030.
Software is the leading segment by component.
Machine vision systems are the leading segment by technology.
During the forecast period, the quality control and inspection segment is expected to register the highest CAGR.
North America dominated the surface vision and inspection market with a 41.3% market share as of 2022.
The top players include Adept Technology, Inc., Cognex Corporation, Baumer Inspection, Edmund Optics Inc., ISRA Vision AG, ETS SuperVision BV, Matrox Imaging, Industrial Vision Systems Ltd., Microscan Systems, Inc., Panasonic Corporation, Omron Corporation, Teledyne DALSA Inc., Perceptron Inc., Vitronic GmbH, and others.
The significant factors driving the growth of the surface vision and inspection market include rising demands for quality assurance, healthcare spending, industry regulations, manufacturing automation, and growing technological advancements.
The challenges limiting the surface vision and inspection market growth are high initial costs, integration difficulties, the need for a skilled workforce, a lack of flexibility, and data management and analysis.
The surface vision and inspection market has a lot of opportunities for growth due to enhanced software capabilities, international expansion, industry 4.0 integration, remote monitoring and diagnostics, and miniaturization and microelectronics.