Surface Vision And Inspection MarketSize and Trends

The global surface vision and inspection market is expected to witness significant growth during the forecast period (2021–2028) due to growing demand for quality products. Quality management systems (QMS) have become an integral part of manufacturing processes across all industries. Automobile, semiconductor, steel, and several other manufacturers are increasingly implementing QMS to maintain consistency in design and development. Surface vision and inspection is one of the important components of modern QMS that enable manufacturers to meet global quality standards and customer satisfaction at reduced costs. Due to an increasing awareness about the benefits of these systems, small, mid, and large-sized manufacturers are deploying these technologies for reduced cost and increased profits.

Market- Trends:

By integrating such vision and inspection systems, problems in the process are identified at the root. Manufacturers in various industries such as automotive, electronics, semiconductor, wood, and paper, etc. are looking for control systems which not only increase production rate, but also maintain international quality standards consistently.Surface vision and inspection systems help manufacturers find defects in their products before they are dispatched to customers. These systems reduce inventory cost, minimize distribution of unacceptable products, and increase production without investing in additional resources.

According to Institute of Medicine (IOM), more than 25% of adverse drug events occur due to name confusion and about 33% of medication errors are attributed to labeling and packaging mistakes globally. Adverse drug events increases treatment cost for both healthcare providers and patients. In addition, medication errors cost billions of dollars and increases financial burden on governments. So countries across the world are implementing stringent packaging and labeling regulations to reduce number of medication errors. The companies are focusing on offering high quality products in the pharmaceutical, food and beverage industry, due to stringent manufacturing and packaging regulations. The Federal Food, Drug and Cosmetic Act in the U.S. regulates the accuracy of labeling on medical, pharmaceutical, food, and cosmetic products. This initiative was taken by the U.S. government to reduce labeling mistakes and the adverse effects of such mistakes. This has increased the demand for surface vision and inspection systems in labeling, packaging, and food industries, not only to meet the said regulations, but also to meet international product quality standards.