Surface Inspection Market

Surface Inspection Market by Component (Camera, Frame Grabber, Optics, Lighting Equipment, Processor, and Software), Surface Type (2D and 3D), System (Computer System and Camera System), Vertical, and Geography - Global Forecast to 2022

Report Code: SE 4377 Nov, 2019, by marketsandmarkets.com
Updated date -

The surface inspection market is expected to grow from USD 2.2 billion in 2016 to USD 3.5 billion by 2022; it is expected to grow at a CAGR of 7.9% during the forecast period. The market growth can be directly linked with the growth of the manufacturing industry. Increasing demand for quality from manufacturers and customers has made vision-based surface inspection become the key technology in the area of manufacturing and quality control.

Surface Inspection Market

2D inspection technique to hold larger market share in 2016 compared to 3D

2D inspection technique held the largest share of the overall surface type market in 2016. Since its inception, this inspection technique is used to detect defects in 2D planes; hence, it is the most adopted surface inspection technique and provides inspection solution at lesser cost. Most Vision-based surface inspection consists of narrowly defined tasks such as counting objects on a conveyor, reading serial numbers, and searching for surface defects.

Surface inspection market for suface inspection software to grow at highest CAGR during forecast period

The demand for software for the surface inspection system is expected to increase in future and will grow at highest CAGR in the forecast period. The surface inspection systems are increasingly gaining popularity due to lower hardware costs and the availability of faster processors; but it is the complete scalable software that provides all elements required for deploying and developing the images for surface inspection and make the quality assurance possible.

Surface inspection market for semiconductor industry to maintain highest share during 2016–2022

The demand for surface inspection systems in semiconductors is growing at a rapid pace; with the increasing adoption of high-level integration and achievement of high-level component density by PCB manufacturers, the tolerance level of assembly has decreased. Suppliers of IC packages, electronic materials, active & passive components, and finished electronic equipment use surface inspection to drive high-quality production and hence, the semiconductor industry is expected to hold largest share of the market in the future as well.

Surface Inspection Market

Surface inspection market in APAC is expected to maintain highest share during 2016-2022

The market in APAC has grown steadily over the years due to factors such as low production costs, easy availability of economic labor, lenient emission & safety norms, and government initiatives for foreign direct investments (FDIs). The growth in the last 10 years has enabled APAC to become the largest market for inspection systems, taking over matured markets such as Europe and North America. The rise in population and income levels in APAC, with OEMs setting regional production and sales facilities, APAC is expected to remain the largest market for surface inspection systems.

Key Market Players

Major companies in the surface inspection market include ISRA VISION AG (Germany), AMETEK, Inc. (US), Omron Corporation (Japan), Teledyne Technologies Inc. (US), Microscan Systems, Inc. (US), Toshiba Corporation (Japan), Panasonic Corporation (Japan), Matrox Electronic Systems ltd. (Canada), IMS Messsysteme GmbH (Germany), and VITRONIC (Germany).

AMETEK, Inc. (US) is a global manufacturer and provider of electronic instruments and electromechanical devices. The company’s subsidiary, AMETEK Surface Vision, was formed in 2015 through the acquisition of the Surface Inspection Systems Division from Cognex Corporation (U.S.). AMETEK Surface Vision designs, develops, manufactures, and markets machine vision solutions used to inspect the surfaces of materials processed in a continuous fashion. The company has a broad product portfolio of vision solutions optimized for web and surface inspection and monitoring and process surveillance applications. It operates as a part of the process and analytical instruments division of AMETEK, Inc.

AMETEK Surface Vision has its main facility in Hayward (California) and its regional offices and sales representatives are located throughout North America, South America, Latin America, Europe, and Asia.

The company’s major competitors in the surface inspection market include Adept Technology, Inc. (U.S.), Teledyne Technologies Inc. (U.S.), ISRA VISION AG (Germany), Matrox Electronic Systems Ltd. (Canada), and Microscan Systems, Inc. (U.S.) among others.

Scope of the Report:

Report Metric

Details

Report Name

Surface Inspection Market

Base year

2015

Forecast period

2016–2022

Units

Value (USD)

Segments covered

Type, End User, Offerings, and Region

Geographic regions covered

North America, APAC, Europe, and RoW

Companies covered

ISRA VISION AG (Germany), AMETEK, Inc. (US), Omron Corporation (Japan), Teledyne Technologies Inc. (US), Microscan Systems, Inc. (US), Toshiba Corporation (Japan), Panasonic Corporation (Japan), Matrox Electronic Systems ltd. (Canada), IMS Messsysteme GmbH (Germany), and VITRONIC (Germany)

Surface Inspection Market Segmentation:

This report categorizes the surface inspection market based on Component, Surface Type, Systems, Vertical, and Geography.

Surface Inspection Market, by Component:

  • Camera
  • Frame Grabber
  • Optics
  • Lighting Equipment
  • Processor
  • Software
  • Others

Surface Inspection Market, by Surface Type:

  • 2D
  • 3D

Surface Inspection Market, by Systems:

  • Computer System
  • Camera System

Surface Inspection Market, by Vertical:

  • Semiconductor
  • Automotive
  • Electrical & Electronics
  • Glass & Metal
  • Food & Packaging
  • Paper & Wood
  • Medical & Pharmaceuticals
  • Plastic & Rubber
  • Printing
  • Non–Woven
  • Postal & Logistics

Surface Inspection Market, by Geography:

  • Americas
    • US
    • Canada
    • Mexico
    • Brazil
    • Rest of Americas
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Rest of Europe
  • APAC
    • Japan
    • China
    • South Korea
    • India
    • Rest of APAC
  • RoW
    • Middle East
    • Africa

Recent Developments

  • In August 2015, ISRA VISION AG (Germany) acquired Vision Experts GmbH (Germany), a machine vision company, to strengthen its core business in the print segment. Vision Experts specializes in optical inspection solutions for the production and finishing process of high-quality print products. The company’s in-line inspection applications are focused on the inspection of metal and packaging printing for the pharmaceuticals industry.
  • In July 2015, AMETEK, Inc. (US) acquired the surface inspection systems division (SISD) of Cognex Corporation (US) for approximately USD 160 million. The acquisition would help the company expand its capabilities in the non-destructive process inspection market.
  • In September 2015, Microscan (US) announced the launch of the CloudLink web HMI as a part of its AutoVISION machine vision suite, enabling real-time monitoring of machine vision inspection jobs over a web browser using any web-enabled device. CloudLink offers a fully-customizable dashboard with default widgets for creating a tailored results window for inspection images and results.

Key Questions Addressed in the Report

  • As new companies enter the surface inspection market, who will account for a larger market share in its category?
  • How will growing countries such as India and China change the market value and growth of surface inspection systems?
  • How will advancements in vision technology and increased computational power change the surface inspection landscape in the future?
  • Which other industry verticals are expected to grow at a faster rate, apart from Semiconductor?
  • What are the key market dynamics influencing market growth? How will it play into the strength and weaknesses of the company operating in the marketspace?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Study Objectives
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Geographic Scope
           1.3.3 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Market Stakeholders

2 Research Methodology (Page No. - 18)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 27)

4 Premium Insights (Page No. - 32)
    4.1 Attractive Market Opportunities in the Global Surface Inspection Market
    4.2 Market, By Surface Type
    4.3 Market, By Component and Vertical
    4.4 Country-Wise Analysis of the Market
    4.5 Market Size, By Region
    4.6 Market, By System

5 Market Overview (Page No. - 36)
    5.1 Introduction
    5.2 Market Evolution
    5.3 Working of A Surface Inspection System
    5.4 Market Segmentation
           5.4.1 Surface Inspection Market, By Component
           5.4.2 Market, By Surface Type
           5.4.3 Market, By System
           5.4.4 Market, By Vertical
           5.4.5 Market, By Geography
    5.5 Market Dynamics
           5.5.1 Drivers
                    5.5.1.1 Growing Demand for Quality Assurance and Automation
                    5.5.1.2 Increasing Wages in China
           5.5.2 Restraints
                    5.5.2.1 Changing Customer Requirements
           5.5.3 Opportunities
                    5.5.3.1 Decreasing Cost of System Development
                    5.5.3.2 Manufacturing Opportunities in China and India
                    5.5.3.3 Advancements in Vision Technology and Industrial Expansion
           5.5.4 Challenges
                    5.5.4.1 Integrating Surface Inspection Systems

6 Industry Trends (Page No. - 46)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Porter’s Five Forces Analysis
           6.3.1 Threat of New Entrants
           6.3.2 Threat of Substitutes
           6.3.3 Bargaining Power of Suppliers
           6.3.4 Bargaining Power of Buyers
           6.3.5 Intensity of Competitive Rivalry

7 Surface Inspection Market, By Component (Page No. - 55)
    7.1 Introduction
    7.2 Camera
           7.2.1 Frame Rates
           7.2.2 Format
                    7.2.2.1 Area Scan Cameras
                    7.2.2.2 Line Scan Cameras
           7.2.3 Sensing Technology
                    7.2.3.1 CCD
                    7.2.3.2 CMOS
           7.2.4 Interface Standards
                    7.2.4.1 Camera Link
                    7.2.4.2 GigE Vision
                    7.2.4.3 USB 3.0
                    7.2.4.4 CoaXPress
                    7.2.4.5 Others
           7.2.5 Imaging Technology
                    7.2.5.1 Structured Light Systems
                    7.2.5.2 Time-Of-Flight Technique
                    7.2.5.3 Stereo Vision Systems
                    7.2.5.4 Comparison Between Various Imaging Technologies
    7.3 Frame Grabbers
    7.4 Optics
    7.5 Lighting Equipment
    7.6 Processors
    7.7 Software
    7.8 Others

8 Surface Inspection Market, By Surface Type (Page No. - 71)
    8.1 Introduction
    8.2 2D
    8.3 3D

9 Surface Inspection Market, By System (Page No. - 76)
    9.1 Introduction
    9.2 Computer System
    9.3 Camera System

10 Surface Inspection Market, By Vertical (Page No. - 80)
     10.1 Introduction
     10.2 Semiconductor
             10.2.1 IR Vision-Based Inspection
             10.2.2 Macro-Defect Inspection
             10.2.3 Robot Vision-Based Inspection
             10.2.4 Printed Circuit Board (PCB) Inspection
             10.2.5 Semiconductor Fabrication Inspection
     10.3 Automotive
             10.3.1 Assembly Verification
             10.3.2 Flaw Detection
             10.3.3 Print Verification
     10.4 Electrical & Electronics
     10.5 Glass & Metal
             10.5.1 Cut Plate Inspection
             10.5.2 Mirrored Glass Inspection
     10.6 Food & Packaging
             10.6.1 On-Line Inspection
             10.6.2 Image Processing
             10.6.3 Quality Assurance
             10.6.4 Grading
             10.6.5 Sorting
             10.6.6 Label Validation
             10.6.7 Safety Inspection
             10.6.8 Packaging Inspection
                        10.6.8.1 Glass Containers Inspection
                        10.6.8.2 Metal Containers Inspection
                        10.6.8.3 Plastic Bottles Inspection
     10.7 Paper & Wood
     10.8 Medical & Pharmaceuticals
             10.8.1 Blister Pack Inspection
             10.8.2 Cosmetics Inspection
     10.9 Plastic & Rubber
     10.10 Printing
     10.11 Non-Woven
     10.12 Postal & Logistics

11 Surface Inspection Market, By Geography (Page No. - 98)
     11.1 Introduction
     11.2 Americas
             11.2.1 U.S.
             11.2.2 Canada
             11.2.3 Mexico
             11.2.4 Brazil
             11.2.5 Rest of Americas
     11.3 Europe
             11.3.1 Germany
             11.3.2 U.K.
             11.3.3 France
             11.3.4 Italy
             11.3.5 Spain
             11.3.6 Rest of Europe
     11.4 APAC
             11.4.1 Japan
             11.4.2 China
             11.4.3 South Korea
             11.4.4 India
             11.4.5 Rest of APAC
     11.5 RoW
             11.5.1 Middle East
             11.5.2 Africa

12 Competitive Landscape (Page No. - 113)
     12.1 Overview
     12.2 Market Ranking Analysis
     12.3 Competitive Scenario
             12.3.1 New Product Launches
             12.3.2 Acquisitions
             12.3.3 Expansions

13 Company Profiles (Page No. - 119)
(Overview, Products and Services, Financials, Strategy & Development)*
     13.1 Introduction
     13.2 ISRA VISION AG
     13.3 AMETEK, Inc.
     13.4 Omron Corporation
     13.5 Teledyne Technologies Inc.
     13.6 Microscan Systems, Inc.
     13.7 Toshiba Corporation
     13.8 Panasonic Corporation
     13.9 Matrox Electronic Systems Ltd.
     13.10 IMS Messsysteme GmbH
     13.11 VITRONIC GmbH

*Details on Overview, Products and Services, Financials, Strategy & Development Might Not Be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 145)
     14.1 Insights of Industry Experts
     14.2 Discussion Guide
     14.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.4 Introducing RT: Real-Time Market Intelligence
     14.5 Available Customizations
     14.6 Related Reports


List of Tables (66 Tables)

Table 1 Porter’s Five Forces Analysis With Their Weightage Impact
Table 2 Surface Inspection Market, By Component, 2013–2022 (USD Million)
Table 3 Market for Cameras, By Surface Type, 2013–2022 (USD Million)
Table 4 Market for Cameras, By Geography, 2013–2022 (USD Million)
Table 5 Market for Cameras, By Frame Rate, 2013–2022 (USD Million)
Table 6 Market for Cameras, By Format, 2013–2022 (USD Million)
Table 7 Market for Cameras, By Sensing Technology, 2013–2022 (USD Million)
Table 8 Market for Cameras, By Interface Standard, 2013–2022 (USD Million)
Table 9 Market for Cameras, By Imaging Technology, 2013–2022 (USD Million)
Table 10 Comparative Study of Imaging Technologies
Table 11 Market for Frame Grabbers, By Surface Type, 2013–2022 (USD Million)
Table 12 Market for Frame Grabbers, By Geography, 2013–2022 (USD Million)
Table 13 Market for Optics, By Surface Type, 2013–2022 (USD Million)
Table 14 Market for Optics, By Geography, 2013–2022 (USD Million)
Table 15 Market for Lighting Equipment, By Surface Type, 2013–2022 (USD Million)
Table 16 Market for Lighting Equipment, By Geography, 2013–2022 (USD Million)
Table 17 Market for Processors, By Surface Type, 2013–2022 (USD Million)
Table 18 Market for Processors, By Geography, 2013–2022 (USD Million)
Table 19 Market for Software, By Surface Type, 2013–2022 (USD Million)
Table 20 Market for Software, By Geography, 2013–2022 (USD Million)
Table 21 Market for Other Components, By Surface Type, 2013–2022 (USD Million)
Table 22 Market for Other Components, By Geography, 2013–2022 (USD Million)
Table 23 Market, By Surface Type, 2013–2022 (USD Million)
Table 24 2D Surface Inspection Market, By System, 2013–2022 (USD Million)
Table 25 Market, By Geography, 2013–2022 (USD Million)
Table 26 Market, By System, 2013–2022 (USD Million)
Table 27 Market, By Geography, 2013–2022 (USD Million)
Table 28 Market, By System, 2013–2022 (USD Million)
Table 29 Market for Computer Systems, By Geography, 2013–2022 (USD Million)
Table 30 Market for Camera Systems, By Geography, 2013–2022 (USD Million)
Table 31 Market, By Vertical, 2013–2022 (USD Million)
Table 32 Market for the Semiconductor Vertical, By Surface Type, 2013–2022 (USD Million)
Table 33 Market for the Semiconductor Vertical, By System, 2013–2022 (USD Million)
Table 34 Market for the Automotive Vertical, By Surface Type, 2013–2022 (USD Million)
Table 35 Market for the Automotive Vertical, By System, 2013–2022 (USD Million)
Table 36 Market for the Electrical & Electronics Vertical, By Surface Type, 2013–2022 (USD Million)
Table 37 Market for the Electrical & Electronics Vertical, By System, 2013–2022 (USD Million)
Table 38 Market for the Glass & Metal Vertical, By Surface Type, 2013–2022 (USD Million)
Table 39 Market for the Glass & Metal Vertical, By System, 2013–2022 (USD Million)
Table 40 Market for the Food & Packaging Vertical, By Surface Type, 2013–2022 (USD Million)
Table 41 Market for the Food & Packaging Vertical, By System, 2013–2022 (USD Million)
Table 42 Market for the Paper & Wood Vertical, By Surface Type, 2013–2022 (USD Million)
Table 43 Market for the Paper & Wood Vertical, By System, 2013–2022 (USD Million)
Table 44 Market for the Medical & Pharmaceuticals Vertical, By Surface Type, 2013–2022 (USD Million)
Table 45 Market for the Medical & Pharmaceuticals Vertical, By System, 2013–2022 (USD Million)
Table 46 Market for the Plastic and Rubber Vertical, By Surface Type, 2013–2022 (USD Million)
Table 47 Market for the Plastic & Rubber Vertical, By System, 2013–2022 (USD Million)
Table 48 Market for the Printing Vertical, By Surface Type, 2013–2022 (USD Million)
Table 49 Market for the Printing Vertical, By System, 2013–2022 (USD Million)
Table 50 Market for the Non-Woven Vertical, By Surface Type, 2013–2022 (USD Million)
Table 51 Market for the Non-Woven Vertical, By System, 2013–2022 (USD Million)
Table 52 Market for the Postal & Logistics Vertical, By Surface Type, 2013–2022 (USD Million)
Table 53 Market for the Postal & Logistics Vertical, By System, 2013–2022 (USD Million)
Table 54 Market, By Geography, 2013–2022 (USD Million)
Table 55 Market in the Americas, By Vertical, 2013–2022 (USD Million)
Table 56 Market in the Americas, By Country, 2013–2022 (USD Million)
Table 57 Market in Europe, By Vertical, 2013–2022 (USD Million)
Table 58 Market in Europe, By Country, 2013–2022 (USD Million)
Table 59 Market in APAC, By Vertical, 2013–2022 (USD Million)
Table 60 Market in APAC, By Country, 2013–2022 (USD Million)
Table 61 Market in RoW, By Vertical, 2013–2022 (USD Million)
Table 62 Market for RoW, By Region, 2013–2022 (USD Million)
Table 63 Market Ranking of the Top 5 Players in the Market, 2015
Table 64 5 Most Recent New Product Launches in the Market
Table 65 Recent Acquisitions in the  Market
Table 66 Recent Expansions in the Market


List of Figures (54 Figures)

Figure 1 Surface Inspection Market: Research Design
Figure 2 Process Flow of Market Size Estimation
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Cameras Expected to Hold the Largest Size of the Surface Inspected Market By 2022
Figure 7 2D Surface Inspection Systems and Computer Systems Estimated to Dominate the Market During the Forecast Period
Figure 8 Market for Automotive Vertical Expected to Grow at the Highest Rate During the Forecast Period
Figure 9 Market in APAC Likely to Grow at the Highest Rate During the Forecast Period
Figure 10 Growing Automation of Manufacturing Facilities in Emerging Economies Expected to Boost the Demand for Surface Inspection During the Forecast Period
Figure 11 2D Surface Type Expected to Hold the Largest Size of the Market By 2022
Figure 12 Cameras are the Majorly Consumed Component; Whereas, Semiconductor Vertical is the Major Demand Generator of the Surface Inspection Systems During the Forecast Period
Figure 13 China Expected to Be the Fastest Growing Market for Surface Inspection During the Forecast Period
Figure 14 Market in APAC Expected to Be the Largest and Fastest-Growing Market During the Forecast Period
Figure 15 Computer System-Based Surface Inspection Expected to Dominate During the Forecast Period
Figure 16 Evolution of Vision-Based Surface Inspection Technology
Figure 17 Functional Diagram of A Basic Surface Inspection System
Figure 18 Major Parameters Impacting the Dynamics of the Market
Figure 19 Average Yearly Wages in the Manufacturing Sector in China Between 2008 and 2014
Figure 20 Major Value is Added During the Component Manufacturers, Original Equipment Manufacturers, and System Integrators Phases
Figure 21 Porter’s Five Forces Analysis (2015)
Figure 22 High Competitive Rivalry Due to the Presence of A Large Number of Established Players
Figure 23 Presence of Several Established Players to Increase the Difficulty Barrier for New Entrants
Figure 24 Price of the Substitutes Strengthening the Market for Substitutes
Figure 25 High Supplier Concentration Weakening the Bargaining Power of Suppliers
Figure 26 Product Differentiation is Key Factor Supporting Buyers’ Bargaining Power
Figure 27 Large Number of Players Led to A High Degree of Competition in the Market
Figure 28 Market for Software Expected to Grow at the Highest CAGE During the Forecast Period
Figure 29 3D Surface Inspection Market Expected to Grow at A Higher Rate Than 2D Surface Inspection Market During the Forecast Period
Figure 30 Smart Camera-Based Surface Inspection Systems Gaining Popularity Over Computer-Based Surface Inspection Systems
Figure 31 Market for the Automotive Vertical Expected to Grow at the Highest CAGE During the Forecast Period
Figure 32 Market Share Comparison for Each Vertical, By Surface Type, in 2015
Figure 33 Market Share Comparison for Each Vertical, By System, in 2015
Figure 34 Geographic Snapshot: Market Between 2016 and 2022
Figure 35 Snapshot of the Market in the Americas (2015)
Figure 36 Snapshot of the Market in Europe (2015)
Figure 37 Snapshot of the Market in APAC (2015)
Figure 38 Snapshot of the Market in RoW (2015)
Figure 39 Companies Adopted New Product Development as the Key Growth Strategy Between January 2014 and April 2016
Figure 40 Market: Market Evaluation Framework
Figure 41 Companies Adopted New Product Launches as Key Strategy to Increase There Market Share
Figure 42 Geographic Revenue Mix of 5 Surface Inspection System and Component Manufacturers
Figure 43 ISRA VISION AG: Company Snapshot
Figure 44 ISRA VISION AG: SWOT Analysis
Figure 45 AMETEK, Inc.: Company Snapshot
Figure 46 AMETEK, Inc.: SWOT Analysis
Figure 47 Omron Corporation: Company Snapshot
Figure 48 Omron Corporation: SWOT Analysis
Figure 49 Teledyne Technologies Inc.: Company Snapshot
Figure 50 Teledyne Technologies Inc.: SWOT Analysis
Figure 51 Microscan Systems, Inc.: Company Snapshot
Figure 52 Microscan Systems, Inc.: SWOT Analysis
Figure 53 Toshiba Corporation: Company Snapshot
Figure 54 Panasonic Corporation: Company Snapshot

The study involved 4 major activities in estimating the current size of the surface inspection market. Exhaustive secondary research has been done to collect information about the market, the peer market, and the parent market. Validating findings, assumptions, and sizing with industry experts across the value chain through primary research has been the next step. Both top-down and bottom-up approaches have been employed to estimate the complete market size. After that, market breakdown and data triangulation methods have been used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources have been referred to for identifying and collecting information pertinent to this study. Secondary sources include annual reports; press releases; investor presentations; white papers; journals and certified publications; and articles from recognized authors, directories, and databases. Secondary research has been conducted to obtain key information about the industry’s supply chain, market’s value chain, the total pool of key players, market segmentation according to the industry trends (to the bottommost level), geographic markets, and key developments from both market- and technology-oriented perspectives.

After the complete market engineering (which includes calculations for market statistics, market breakdown, data triangulation, market size estimations, and market forecasting), extensive primary research has been carried out to gather information, as well as to verify and validate the critical numbers arrived at.

Primary Research

Extensive primary research has been conducted after gaining knowledge about the surface inspection market scenario through secondary research. Several primary interviews have been conducted with market experts from both demand (commercial application providers) and supply (equipment manufacturers and distributors) sides across 4 major regions: North America, Europe, APAC, and RoW. Approximately 20% and 80% primary interviews have been conducted with parties from the demand side and supply side, respectively. Primary data has been collected through questionnaires, emails, and telephonic interviews.

Surface Inspection Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

In the complete engineering process, both top-down and bottom-up approaches, along with several data triangulation methods, have been used to estimate and validate the size of the surface inspection market and other dependent submarkets. Key players in the market have been determined through primary and secondary research. This entire research methodology involves the study of the annual and financial reports of top market players and extensive interviews with industry experts, such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) about the surface inspection market.

All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources. All the possible parameters that affect the market segments covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. This data has been consolidated and supplemented with detailed inputs and analyses from MarketsandMarkets and presented in the report.

Data Triangulation

After arriving at the overall market size using the estimation processes as explained above, the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both demand and supply sides for camera, frame grabber, optics, lighting equipment, processor, software, and others.

Report Objectives

  • To describe and forecast the surface inspection market, in terms of value and volume, segmented on the basis of component, systems, and vertical
  • To describe and forecast the market size, in terms of value and volume, for 4 main regions: Americas, Europe, APAC, and RoW
  • To provide detailed information regarding drivers, restraints, opportunities, and challenges influencing the growth of the market
  • To provide a detailed overview of the value chain pertaining to the surface inspection ecosystem
  • To strategically analyze micromarkets with respect to individual growth trends, prospects, and contribution to the total market
  • To analyze opportunities in the market for various stakeholders by identifying high-growth segments of the surface inspection market

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Surface Type Analysis

  • Further breakdown of the surface type segment, by component
  • Further breakdown of the surface type segment, by vertical

System Analysis

  • Further breakdown of the system segment, by surface type
  • Further breakdown of the system segment, by vertical

Vertical Analysis

  • Further breakdown of the vertical segment, by geography

Geographic Analysis

  • Further breakdown of all the regions, by component
  • Further breakdown of all the regions, by surface type
  • Further breakdown of all the regions, by system

Company Information

  • Detailed analysis and profiling of additional market players on the basis of various blocks of the value chain
Report Code
SE 4377
Published ON
Nov, 2019
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