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Visual surface inspection Market Trends

  • Report ID: GMI12339
  • Published Date: Nov 2024
  • Report Format: PDF

Visual surface inspection Market Trends

The rapid growth of e-commerce and online retailing has significantly impacted the visual surface inspection industry, as businesses strive to meet increasing consumer expectations for product quality and timely delivery. With global e-commerce sales projected to reach approximately USD 7.4 trillion by 2025, retailers are under pressure to ensure that products arrive in pristine condition. Automated visual surface inspection technologies are now essential in fulfillment centers, checking for packaging integrity, label accuracy, and product condition before shipment. This focus on quality control is crucial, as a study by Narvar found that 72% of consumers have returned online purchases due to quality issues.
 

Furthermore, brands prioritizing quality assurance see increased customer retention, with research from Deloitte indicating a potential 10-15% boost in retention rates. As the e-commerce landscape continues to evolve, the demand for effective visual surface inspection solutions will only grow, driving further innovation and investment in this sector. Furthermore, the new launches of vision inspection systems increase the availability of technologically advanced machines in the market, which in turn is anticipated to increase its adoption across the pharmaceutical sector.
 

For instance, in December 2022, FILTEC launched Remote Vision Inspection (RVI) systems, a compact and flexible machine vision solution that inspects PET bottles, glass bottles, and aluminum cans for several applications. Also, in February 2021, Syntegon Technology installed the first fully validated visual surface inspection system utilizing Artificial Intelligence (AI) in an automated inspection machine for pharmaceutical visual surface inspection.

Authors: Suraj Gujar, Saptadeep Das

Frequently Asked Questions (FAQ) :

The global market size for visual surface inspection was valued at USD 2.1 billion in 2023 and is anticipated to reach USD 3.9 billion by 2032, driven by a CAGR of 7.6% from 2024 to 2032.

The automotive segment held a 34.7% market share between 2024 and 2032, driven by the industry's commitment to quality, safety, and efficiency.

The U.S. market was valued at USD 448.6 million in 2023, driven by technological advancements and stringent quality standards across various industries.

Major players in the industry include Allied Vision Technologies, Basler AG, Cognex Corporation, Datalogic S.p.A., FANUC Corporation, Fujifilm Holdings Corporation, Hamamatsu Photonics, IDS Imaging Development Systems GmbH, Imperx, ISRA VISION AG, and Keyence Corporation.

Visual Surface Inspection Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 25
  • Tables & Figures: 450
  • Countries covered: 21
  • Pages: 207
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