SURFACE VISION AND INSPECTION MARKET ANALYSIS

Key Takeaways from Analyst

The surface vision and inspection market is poised to grow steadily over the next five years. Strong demand from the semiconductor and electronics industry will continue to be a major driver for adoption of advanced surface vision systems as component miniaturization increases the need for high resolution inspection capabilities. Opportunities also lie in the food processing industry as implementation of quality control measures gains more importance. While machine vision is being widely accepted across major manufacturing hubs, adoption is expected to be slower in emerging economies due to the relatively higher costs involved. The market in Asia Pacific countries like China, India, and Japan is likely to grow at the fastest pace given the concentration of electronics and automotive production in the region. Meanwhile, North America and Western Europe will see growth driven by strong demand for retrofitting existing lines with intelligent vision systems. Currency fluctuations remain a potential restraint especially for export-oriented automotive manufacturers in Europe. Overall, the expanding applications of computer vision and deep learning techniques in industries including pharmaceuticals, semiconductors should sustain the growth of surface inspection market over the long term.