The latest report on the Defect Detection Market is 250 pages long and includes a number of tables and figures. This report covers the period from 2023 to 2030 and offers valuable insights into the market landscape.
Global defect detection market to reach USD 5.5 billion by 2027. Global defect detection market is valued approximately at USD 3.3 billion in 2020 and is anticipated to grow with a healthy growth rate of about 7.5% over the forecast period 2021-2027.
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Defect detection market at the time of manufacturing processes is a crucial step to ensure quality of the product. The timely detection of defects or faults and taking the required and appropriate actions are important to reduce quality and operation-related costs. The global defect detection market is being driven by high demand for application-specific integrated circuits (ASICs) and stringent health and safety measures imposed by governments and standards organizations on global manufacturing firms. Furthermore, increasing adoption of artificial intelligence (AI) technology in defect detection will provide new opportunities for the global defect detection industry. There has been increase in the demand for artificial intelligence technology across the globe. According to Statista, revenues from the artificial intelligence market across the globe is expected to increase from USD 341.8 billion in 2021 to approximately USD 0.5 trillion by 2024. Such growth in the market revenue share of artificial intelligence is expected to increase its adoption and deployment in the defect detection industry and hence this is expected to boost the market growth. However, dearth of skilled professionals in manufacturing factories may impede market growth over the forecast period of 2021-2027.
The regional analysis of the global defect detection market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific accounts for the largest share in terms of market revenue in the global defect detection market over the forecast period 2021-2027. Factors such as largest manufacturing facilities in countries such as Japan, China, India, and South Korea, where automation is accorded the highest priority, presence of well-established food & packaging, semiconductors, and automotive industries, rapid industrialization, investments in the R&D, implementation of industrial internet of things (IIoT) with other industrial automation solutions, etc. contribute towards the largest market share of the region in the forecast years.
Key Companies Covered in the Defect Detection Market Research are Microsoft, IBM, Amazon Web Services, OMRON Corporation, Cognex Corporation, Teledyne Technologies, ISRA VISION, KEYENCE, Datalogic, Matrox Electronic Systems and other key market players.
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Offering:
Hardware
Software
Services
By Application:
Manufacturing
Packaging
By Vertical:
Automotive
Electronics & Semiconductors
Metals & Machinery
Food and Packaging
Pharmaceuticals
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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Core Chapters:
Chapter 1: Introduction: This chapter outlines the scope of the report and provides an executive summary of the different market segments, including the market size, future development potential, and evolution of the market in the short to mid-term and long term.
Chapter 2: Competitive Landscape: Here, we conduct a detailed analysis of the competitive landscape of market manufacturers, including price, output, and revenue market share, latest development plans, mergers, and acquisition information.
Chapter 3: Production and Value Analysis: This chapter provides a quantitative analysis of the production/output and value of market by region/country, identifying the market size and development potential of each region in the next six years.
Chapter 4: Consumption Analysis: We analyze the consumption of market in different regions and countries, introducing the market development, future prospects, market space, and capacity of each country in the world.
Chapter 5: Product Segment Analysis: This chapter provides an analysis of various market segments according to product type, covering the market size and development potential of each market segment.
Chapter 6: Application Segment Analysis: We analyze various market segments according to application, covering the market size and development potential of each market segment.
Chapter 7: Company Profiles: This chapter provides detailed profiles of key players in the market, including product production/output, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Industrial Chain Analysis: Here, we analyze the industrial chain, including the upstream and downstream of the industry.
Chapter 9: Sales Channel Analysis: We analyze the sales channel, distributors, and customers in this chapter.
Chapter 10: Market Dynamics Analysis: This chapter introduces the market dynamics, latest developments, driving factors, restrictive factors, challenges, and risks faced by manufacturers in the industry, along with an analysis of relevant policies.
Chapter 11: Production and Supply Forecast: We provide a production and supply forecast for the global and regional market.
Chapter 12: Consumption and Demand Forecast: This chapter provides a consumption and demand forecast for the global and regional market.
Chapter 13: Type and Application Forecast: We provide a quantitative analysis of the market size and development potential of each market segment in the next six years.
Chapter 14: Conclusion: Finally, we present the main points and conclusions of the report, providing readers with a comprehensive understanding of the market and its potential growth prospects.
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