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APAC SURFACE VISION & INSPECTION MARKET FORECAST 2019-2027

APAC SURFACE VISION & INSPECTION MARKET FORECAST 2019-2027

  • November 2018
  • ID: 5620849
  • Format: PDF
  • By Inkwood Research

Summary

Table of Contents

KEY FINDINGS
The APAC region for surface vision and inspection market is forecasted to attain significant increase during the forecasting period. The market is anticipated to grow at 7.40% of CAGR from the year 2019 to 2029. This increasing growth of the market is attributed to the rising demand from various industries and growing competition of local vendors.

MARKET INSIGHTS
The surface vision and inspection market will grow from $xx million in 2019 to $xx million by 2027, owing to the intense competition and design complexity that attracts the right type of consumers.
Countries like India, China, Japan, ASEAN regions, Australia and South Korea are active participants and are contributing huge revenues to the industry. The adoption of image-based inspection systems acts as an opportunity for the market to expand due to its positive influence that is proliferating the modern electronic companies in the market.
However, implementation of surface vision systems poses difficulty as it requires skills and technical know-how about camera designs & building of automation solutions, algorithm development, mechanical engineering and embedded design.Installation of these systems also requires specific skilled personnel.

Therefore, the surface vision’s full potential is not being utilized and explored. On the other hand, alongside the industrial sector, the food industries have also been investing in surface vision technology to improve their food quality.

COMPETITIVE INSIGHTS
The surface vision and inspection market have a decent amount of competition. Some of the top players include FLIR Systems, Basler AG, Keyence Corporation, National instruments corporation, Data logic S.P.A, Omron Corporation, Allied Vision Technology, Sony Corporation, Ametek Inc., Panasonic Corporation, ISRA Vision, Perceptron Inc., Moritex Corporation, Teledyne Technologies and Matrox Electronic Systems.

Companies mentioned
1. PANASONIC CORPORATION
2. AMETEK, INC.
3. SONY CORPORATION
4. ALLIED VISION TECHNOLOGIES GMBH
5. BASLER AG
6. DATALOGIC S.P.A.
7. FLIR SYSTEMS
8. OMRON CORPORATION
9. NATIONAL INSTRUMENTS CORPORATION
10. KEYENCE CORPORATION
11. PERCEPTRON INC
12. ISRA VISION AG
13. TELEDYNE TECHNOLOGIES INCORPORATED
14. MORITEX CORPORATION
15. MATROX ELECTRONIC SYSTEMS LTD.

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