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% during the forecast period. The increased complexity of systems and strong focus of manufacturers on automating quality control and quality assurance processes are attributed to the ever-increasing demand for fault detection and classification systems.
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) are some of the key players in the fault detection and classification market. These players have adopted growth strategies to retain their presence in the fault detection and classification market. Product launches and developments have been the most dominating strategy adopted by the key players from 2020 to 2023 to help them broaden their customer base.
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KEYENCE CORPORATION is a global leader in the design and manufacture of factory automation equipment, including automation sensors, measuring instruments, vision systems, laser markers, and digital microscopes. In the fault detection and classification market, the company provides vision systems, vision sensors with integrated lighting that support area cameras, line scan and 3D cameras, and laser profilers. The company provides its vision systems to the automotive, glass & metal, plastics, food & packaging, medical & pharmaceuticals, semiconductors, and steel industries. In the metals industry, the company’s offerings help in the detection of double fed metal sheets, inspection of the thickness of hot steel slab, and detection of flaws on steel sheets. In the semiconductors industry, the company’s products are used for the inspection of coplanarity of connector pins, verification of height and angle of PCB chips, inspection of 2D code marking on PCBs, and height measurement of bonding wire. KEYENCE machine vision offers a stable solution for appearance and defect inspection, counting, positioning, measurement, and code reading applications due to the combination of award-winning hardware and advanced software algorithms, while built-in troubleshooting and maintenance tools speed up installation and decrease downtime.
Some of the company’s key subsidiaries are Keyence Corporation of America (US), Keyence Deutschland GmbH (Germany), Keyence Canada, Inc. (Canada), Keyence Limited (UK), Keyence México S.A. DE C.V. (Mexico), Keyence France SAS (France), Keyence International NV/SA (Belgium), Keyence Singapore PTE LTD. (Singapore), Keyence Italia S.p.A. (Italy), Korea Keyence Co., Ltd. (South Korea), and Keyence Co., Ltd. (China).
Cognex Corporation is a global leader in the development and manufacturing of machine vision systems and industrial barcode readers. The company's products and technologies are utilized in various industries, including manufacturing, logistics, automotive, electronics, pharmaceuticals, and more. The company provides inspection and automation-related products and services that are used for the production of cellular phones, aspirin bottles, automobile wheels, metals, paper, plastics, and glass, among other goods. The company serves logistics, medical, solar PV cells, food & beverages, semiconductors, electronics, vision-guided robotics, and consumer packaging customers. The company has a presence in the US, Europe, and Greater China, among other regions. Cognex machine vision products are widely used in the manufacturing sector, where technology is important for the automation of production and quality assurance.
KLA Corporation develops and manufactures equipment and software used in the manufacturing process of semiconductors, as well as other related industries. The company is a provider of process control and yield management solutions for semiconductor and related industries.
KLA Corporation specializes in developing and manufacturing advanced equipment and software solutions that enable semiconductor manufacturers to monitor, control, and optimize the various steps involved in semiconductor fabrication. These steps include processes like photolithography, etching, chemical vapor deposition, and wafer inspection.
KLA's inspection and metrology tools are designed to detect faults at different stages of manufacturing, ranging from microscopic defects on wafers to imperfections on photomasks. The company operates through three segments, Semiconductor Process Control, Specialty Semiconductor Process, PCB, Display and Component Inspection. The company offers FDC solutions through Semiconductor Process Control and PCB, Display and Component Inspection. KLA's fault detection products are used by leading semiconductor manufacturers all over the world. The company's products help these companies to improve the quality and yield of their semiconductor products, which is essential for meeting the growing demand for semiconductors.
Teledyne Technologies is a prominent supplier of advanced electronic components, instrumentation, and communication solutions. Their offerings encompass defense electronics, data acquisition, and communication systems for both commercial airlines and business aircraft. They also provide monitoring and control instruments tailored for industrial and environmental applications, as well as components and subsystems designed for wireless and satellite communications.
The company operates through the 4 business segments namely: Instrumentation, Aerospace and Defense Electronics, Digital Imaging, and Engineered Systems segments. Through its instrumentation and digital imaging the company offers sensors, cameras, test and measurement, monitoring, and control instrumentation devices.
Teledyne DALSA (Canada), imaging solutions include cameras, frame grabbers, image sensors, vision systems, X-ray detectors, and other software solutions. The company also provides solutions for semiconductors, wafer processing, line scan, application-specific contracts, and area scan. The company’s surface inspections systems are used to detect flaws such as discoloration, scratches and cracks, guide robots for inspection, track production parts, verify parts, assemblies and packaged goods, and check dimensional accuracy on parts against geometrical tolerance. The company offers solutions for automotive (guiding robots, checking parts, identifying codes, inspecting quality, and more); electrical & electronics (inspecting components, boards, and connectors, verifying solder, tracking lots and more); flat panel inspect (verifying parts, assemblies and packaged goods); food & packaging ( for verifying seals, grading products, reading labels, and more); manufacturing (verifying parts, assemblies and packaged goods); postal (OCR, image lift, sorting, and more); print inspection (print inspection applications are well suited to line scan systems); semiconductor (finding defects, tracking lots, and more) solar cell inspection (finding cracks and flaws); web inspection (tracking production parts, reading and verifying product lots and codes); and non-destructive testing (verifying connections, weld quality, and more).
Teledyne FLIR LLC (US), designs, develops, manufactures, markets, and distributes technologies such as thermal imaging, visible-light imaging, video analytics, measurement and diagnostic, and advanced threat detection systems. The company’s thermal imaging cameras are used for a variety of applications, including defense, security, and industrial inspection.
OMRON Corporation has expanded its portfolio to include a wide range of products and services across various industries, including automation, healthcare, electronic components, and social systems. The company offers fault detection products and solutions that help to improve safety, reliability, and efficiency in a variety of industries.
The company operates through 4 segments — Industrial Automation Business, Healthcare Business, Social Systems, Solutions and Service Business, Device & Module Solutions Business, and Eliminations and Corporate. Industrial Automation Business (IAB) manufactures and sells programmable controllers, motion controllers, sensing devices, industrial camera/code reader devices, inspection systems, safety devices and industrial robots. Through its Industrial Automation business, the company caters to the FDC market and manufactures and sells machine vision systems, vision sensors, and smart & industrial cameras.
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
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