The report "Fault Detection and Classification (FDC) Market by offering type (Software, hardware, services), Application (Manufacturing, Packaging), end use (Automotive, Electronics & Semiconductor, Metal & Machinery) and Region - Global Forecast to 2028" The global fault detection and classification market was valued at USD 4.4 billion in 2022 and is projected to reach USD 7.4 billion by 2028; it is expected to register a CAGR of 8.9% between 2023 and 2028 The rise in demand for FDC systems is attributed to the increased complexity of systems, strong focus of manufacturers on automating quality control and quality assurance processes, and stringent health and safety measures imposed by governments and standards organizations on global manufacturing firms.
Browse 179 market data Tables and 64 Figures spread throug 257 Pages and in-depth TOC on "Fault Detection and Classification (FDC) Market by offering type (Software, hardware, services), Application (Manufacturing, Packaging), end use (Automotive, Electronics & Semiconductor, Metal & Machinery) and Region - Global Forecast to 2028"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/fault-detection-classification-fdc-market-15954762.html
By offering hardware segment to account larger market share in the forecasted year.
The hardware segment accounted for the larger market share in 2028. Hardware offering types in FDC systems include cameras, frame grabbers, optics, and processors. Cameras are the principal hardware of FDC systems. Smart camera-based FDC systems are gaining traction over PC-based systems owing to their easy configuration, validation, and maintenance. There are also continuous advancements in camera technology in terms of resolution, frame rates, imaging technologies, and other parameters to improve the image quality of objects on production lines.
By application: manufacturing application to account for a larger market share in the forecasted year.
The manufacturing application accounted for the larger market share in 2028. In the realm of manufacturing, faults can manifest in diverse forms, ranging from structural faults and dimensional variations to cosmetic blemishes and functional shortcomings. These issues can have a significant impact on a product's performance, reliability, safety, and aesthetics. Therefore, fault detection is not only about adhering to industry standards but also about upholding brand reputation and customer trust.
By end use: electronics & semiconductors end use to account for a larger market share in the forecasted year.
Electronics & semiconductors accounted for the larger market share in 2028. Rigorous quality management and visual fault detection are more critical in the electronics industry than for semiconductors. Manual inspection cannot detect various macro and microscopic defects within multiple display pixels, missing components, and small cracks, resulting in quality issues and low productivity. Hence, automatic FDC systems are used to identify macro-defects, which can be found in flat-panel displays (FPDs), such as thin-film-transistor liquid-crystal display (TFT-LCD) glass, plasma display panels (PDPs), and organic light-emitting diodes (OLEDs).
North America is expected to hold the second largest share of the fault detection and classification market during the forecast period.
North America held the second largest share of ~32% in the fault detection and classification market in 2022. The growth in this region is attributed to the presence of fault detection and classification system manufacturers as Cognex Corporation, Teledyne Technologies, KLA Corporation, Microsoft, etc. Moreover, North America is well known for the early adoption of new technologies that include AI, deep learning, and machine learning. Hence, manufacturers in the region are ready to integrate AI technologies into their processes to increase their production capacity and improve quality. The growing stringency of government regulations pertaining to process standardization and quality assurance across all verticals in North America is responsible for the growth of the fault detection and classification market in North America.
Keyence Corporation (Japan), Cognex Corporation (US), KLA Corporation (US), Teledyne Technologies (US), OMRON Corporation (Japan), Microsoft (US), Tokyo Electron Limited (Japan), Siemens (Germany), Amazon Web Services, Inc. (US), Synopsys, Inc. (US), Applied Materials, Inc. (US), einnoSys Technologies Inc. (US), Datalogic(Italy), PDF Solutions (US), Nikon Corporation (Japan), INFICON (Switzerland), Qualitas Technologies. (India), BeyondMinds (Israel), elunic AG (Germany), Chooch Intelligence Technologies (US), KILI TECHNOLOGY (France), MobiDev (US), DWFritz Automation, LLC (US), Radiant Optronics Pte Ltd (Asia), Visionify. (US), SAMSUNG SDS (South Korea), LS ELECTRIC Co., Ltd. (South Korea), Doosan Corporation (South Korea), and Hyundai Heavy Industries (South Korea)
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ’GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441