The global vision inspection systems market is expected to grow at a CAGR of around 13.5% from 2020 to 2027 and expected to reach the market value of around US$ 25.5 Bn by 2027.
Vision inspection systems (also known as machine vision systems) automate image-based inspection for a wide range of industrial and manufacturing applications. Though not a new technology, 2D and 3D machine vision systems are now widely used for automated inspection, robot guidance, quality control and sorting, and a variety of other applications. These intelligent inspection systems are outfitted with a camera or cameras, as well as video and lighting. Vision systems can measure parts, verify that they are in the correct position, and recognize the shape of parts. Furthermore, vision systems are capable of measuring and sorting parts at high speeds. To capture data, computer software processes images captured during the process that is being evaluated. The vision system can be intelligent enough to make decisions that affect the function being evaluated, often in a pass/fail capacity to prompt an operator to act. These systems can be integrated into your lines to provide a continuous stream of data.
Market Trends
Automated visual inspection systems gives cut throat competition to the traditional human inspection in-line assembly at manufacturing plants
Electronics manufacturing processes are now largely automated, according to a report released by the Association for Advancing Automation. However, there has been a lack of an effective automated solution for final inspection of board-based connected assemblies that ensures both consistency and accuracy. Human inspectors remain the primary inspection method at the final stages of production where internal components are verified before electronics are enclosed or after functional testing. If an automated solution is used in these contexts, the technology must provide the same level of visual acuity and judgment to ensure failures do not escape or result after goods are shipped. Radiant's new INSPECT assembly system, for example, is a turnkey inspection station that employs "ProMetric® Y" imaging systems with camera resolution (up to 29 megapixels) and dynamic range (above 70 dB) far exceeding the specifications of typical machine vision systems. For the most difficult assemblies, the assembly system rivals human visual acuity and judgment in detecting defects while quantifying visual data for automated operations, bridging the gap between human and machine vision inspection.
Top impacting factors for the global visual inspection systems market
The rise in demand for industrial applications, as well as the rise in demand for vision guided robotics systems, is the major factors driving the growth of the global vision inspection system market. Furthermore, the rise in AI demand and the adoption of Industry 4.0 are expected to provide a lucrative vision inspection system market opportunity globally. Because of the increasing need for efficient and reliable inspection and measurements, the technology is seeing widespread adoption in industrial operations and is significantly replacing manual inspection and measurements. Smart cameras and image processing are used in vision inspection systems to perform measurements and inspections.
COVID-19 analysis on visual inspection system market
The COVID-19 pandemic, which began in late 2019 and continued into 2020, introduced a new factor affecting the global economy. Due to travel restrictions, local regulations, or social distancing rules, COVID-19 has made product qualification quite difficult. Some labs have established remote testing program in order to continue development and testing activities while ensuring personal safety. Another point is related to product inspection and final quality assurance via users. Due to the downtime required for test setup and equipment movement, such activity usually necessitates the presence of the end user on-site. Due to the manufacturer's site access restrictions, remote solutions for factory acceptance tests were also implemented here. According to CIGRE statistics, economic slowdown has a significant impact on the industry. An example from the Brazilian economy illustrates the financial impact on a global scale. Electricity consumption is expected to fall from 4.7% in an "optimistic" scenario to 12.3% in a "pessimistic" scenario. The projections assume a 3.6% decline in Brazilian GDP (Gross Domestic Product) in the optimistic scenario and a 9.5% percent decline in the pessimistic scenario. The majority of Europe has adopted some form of lock-down, and several countries have already begun to relax rules as of June 2020. GDP growth is expected to be positive in 2021, but lower than in 2020.
Market Segmentation
The global visual inspection systems market is segmented as offering, product, application, and end-use. Offering is segregated as hardware, software, and services. By product, the market is classified into PC based and smart camera based. Further, application is segmented as quality assurance & inspection, positioning & guidance, measurement, and identification. End-use is further segmented as automotive, pharmaceuticals & chemicals, electronics & semiconductor, pulp & paper, printing & labeling, food & beverage (packaging and bottling), glass & metal, postal & logistics, and others (agriculture, security & surveillance, rubber, plastics, solar paneling, machinery, and others)
Based on offering, the hardware segment has dominated the global visual inspection system market in the past and is expected to do so in the future. Based on product, the PC-based segment will account for the dominating share of the global visual inspection system market. Furthermore, the quality assurance and inspection segment will account for the largest share of the global visual inspection system market. Furthermore, based on end-user, the automotive industry will account for a significant portion of the global visual inspection system market.
Regional Landscape
Asia Pacific records dominating share for the visual inspection system market
The visual inspection system market is expected to be dominated by Asia Pacific. This is due to lucrative opportunities in the Asia Pacific region for automotive, packaging, pharmaceutical, and other industrial applications. APAC countries such as China, Japan, India, and South Korea have some of the largest manufacturing facilities where automation of manufacturing processes is a top priority. Furthermore, strong competition among consumer electronics companies in APAC is expected to boost the region's adoption of visual inspection systems.
On the other hand, increasing investments in R&D activities are being made to improve machine vision technology and related developments, as a result of which prominent players are undertaking strategic initiatives such as distribution alliances, partnerships, mergers, and acquisitions. As a result, all of these factors are expected to drive market growth in the Asia Pacific region.
Competitive Landscape
The prominent players of the global visual inspection system market involve Allied Vision Technologies GmbH, Basler AG, Cognex Corporation, Keyence Corporation, LMI TECHNOLOGIES INC., Omron Microscan Systems, Inc., NI, (National Instruments Corporation), and among others
Market Segmentation
Market By Offering
Hardware
Software
Services
Market By Product
PC Based
Smart Camera Based
Market By Application
Quality Assurance & Inspection
Positioning & Guidance
Measurement
Identification
Market By End-use
Automotive
Pharmaceuticals & Chemicals
Electronics & Semiconductor
Pulp & Paper
Printing & Labeling
Food & Beverage (Packaging and Bottling)
Glass & Metal
Postal & Logistics
Others (Agriculture, Security & Surveillance, Rubber, Plastics, Solar Paneling, Machinery, and Others)
Market By Geography
North America
• U.S.
• Canada
Europe
• U.K.
• Germany
• France
• Spain
• Rest of Europe
Asia-Pacific
• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific
Latin America
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa
• GCC
• South Africa
• Rest of Middle East & Africa
CHAPTER 1. Industry Overview of Vision Inspection System
1.1. Definition and Scope
1.1.1. Definition of Vision Inspection System
1.1.2. Market Segmentation
1.1.3. Years Considered for the Study
1.1.4. Assumptions and Acronyms Used
1.1.4.1. Market Assumptions and Market Forecast
1.1.4.2. Acronyms Used in Global Vision Inspection System Market
1.2. Summary
1.2.1. Executive Summary
1.2.2. Vision Inspection System Market By Offering
1.2.3. Vision Inspection System Market By Product
1.2.4. Vision Inspection System Market By Application
1.2.5. Vision Inspection System Market By End-use
1.2.6. Vision Inspection System Market by Regions
CHAPTER 2. Research Approach
2.1. Methodology
2.1.1. Research Programs
2.1.2. Market Size Estimation
2.1.3. Market Breakdown and Data Triangulation
2.2. Data Source
2.2.1. Secondary Sources
2.2.2. Primary Sources
CHAPTER 3. Market Dynamics And Competition Analysis
3.1. Market Drivers
3.1.1. Driver 1
3.1.2. Driver 2
3.2. Restraints and Challenges
3.2.1. Restrain 1
3.2.2. Restrain 2
3.3. Growth Opportunities
3.3.1. Opportunity 1
3.3.2. Opportunity 2
3.4. Porter’s Five Forces Analysis
3.4.1. Bargaining Power of Suppliers
3.4.2. Bargaining Power of Buyers
3.4.3. Threat of Substitute
3.4.4. Threat of New Entrants
3.4.5. Degree of Competition
3.5. Regulatory Compliance
3.6. Competitive Landscape, 2019
3.6.1. Player Positioning Analysis
3.6.2. Key Strategies Adopted By Leading Players
CHAPTER 4. Vision Inspection System Market By Offering
4.1. Introduction
4.2. Vision Inspection System Revenue By Offering
4.2.1. Vision Inspection System Revenue (US$ Mn) and Forecast, By Offering, 2016-2027
4.2.2. Hardware
4.2.2.1. Hardware Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
4.2.3. Software
4.2.3.1. Software Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
4.2.4. Services
4.2.4.1. Services Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 5. Vision Inspection System Market Revenue By Product
5.1. Introduction
5.2. Vision Inspection System Revenue (US$ Mn) By Product
5.2.1. Vision Inspection System Revenue (US$ Mn) and Forecast By Product, 2016 - 2027
5.2.2. PC Based
5.2.2.1. PC Based Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.3. Smart Camera Based
5.2.3.1. Smart Camera Based Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 6. Vision Inspection System Market By Application
6.1. Introduction
6.2. Vision Inspection System Revenue (US$ Mn) By Application
6.2.1. Vision Inspection System Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
6.2.2. Quality Assurance & Inspection
6.2.2.1. Quality Assurance & Inspection Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.3. Positioning & Guidance
6.2.3.1. Positioning & Guidance Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.4. Measurement
6.2.4.1. Measurement Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.5. Food & Beverage (Packaging and Bottling)
6.2.5.1. Food & Beverage (Packaging and Bottling) Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 7. Vision Inspection System Market By End-use
7.1. Introduction
7.2. Vision Inspection System Revenue (US$) By End-use
7.2.1. Vision Inspection System Revenue (US$ Mn) and Forecast By End-use, 2016 - 2027
7.3. Automotive
7.3.1. Automotive Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
7.4. Pharmaceuticals & Chemicals
7.4.1. Pharmaceuticals & Chemicals Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
7.5. Electronics & Semiconductor
7.5.1. Electronics & Semiconductor Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
7.6. Pulp & Paper
7.6.1. Pulp & Paper Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
7.7. Printing & Labeling
7.7.1. Printing & Labeling Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
7.8. Food & Beverage (Packaging and Bottling)
7.8.1. Food & Beverage (Packaging and Bottling) Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
7.9. Glass & Metal
7.9.1. Glass & Metal Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
7.10. Postal & Logistics
7.10.1. Postal & Logistics Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
7.11. Others (Agriculture, Security & Surveillance, Rubber, Plastics, Solar Paneling, Machinery, and Others)
7.11.1. Others (Agriculture, Security & Surveillance, Rubber, Plastics, Solar Paneling, Machinery, and Others) Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 8. North America Vision Inspection System Market By Country
8.1. North America Vision Inspection System Overview
8.2. U.S.
8.2.1. U.S. Vision Inspection System Market Revenue (US$ Mn) and Forecast By Offering, 2016-2027
8.2.2. U.S. Vision Inspection System Market Revenue (US$ Mn) and Forecast By Product, 2016-2027
8.2.3. U.S. Vision Inspection System Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
8.2.4. U.S. Vision Inspection System Market Revenue (US$ Mn) and Forecast By End-use, 2016-2027
8.3. Canada
8.3.1. Canada Vision Inspection System Market Revenue (US$ Mn) and Forecast By Offering, 2016-2027
8.3.2. Canada Vision Inspection System Market Revenue (US$ Mn) and Forecast By Product, 2016-2027
8.3.3. Canada Vision Inspection System Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
8.3.4. Canada Vision Inspection System Market Revenue (US$ Mn) and Forecast By End-use, 2016-2027
8.4. North America PEST Analysis
CHAPTER 9. Europe Vision Inspection System Market By Country
9.1. Europe Vision Inspection System Market Overview
9.2. U.K.
9.2.1. U.K. Vision Inspection System Market Revenue (US$ Mn) and Forecast By Offering, 2016-2027
9.2.2. U.K. Vision Inspection System Market Revenue (US$ Mn) and Forecast By Product, 2016-2027
9.2.3. U.K. Vision Inspection System Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
9.2.4. U.K. Vision Inspection System Market Revenue (US$ Mn) and Forecast By End-use, 2016-2027
9.3. Germany
9.3.1. Germany Vision Inspection System Market Revenue (US$ Mn) and Forecast By Offering, 2016-2027
9.3.2. Germany Vision Inspection System Market Revenue (US$ Mn) and Forecast By Product, 2016-2027
9.3.3. Germany Vision Inspection System Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
9.3.4. Germany Vision Inspection System Market Revenue (US$ Mn) and Forecast By End-use, 2016-2027
9.4. France
9.4.1. France Vision Inspection System Market Revenue (US$ Mn) and Forecast By Offering, 2016-2027
9.4.2. France Vision Inspection System Market Revenue (US$ Mn) and Forecast By Product, 2016-2027
9.4.3. France Vision Inspection System Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
9.4.4. France Vision Inspection System Market Revenue (US$ Mn) and Forecast By End-use, 2016-2027
9.5. Spain
9.5.1. Spain Vision Inspection System Market Revenue (US$ Mn) and Forecast By Offering, 2016-2027
9.5.2. Spain Vision Inspection System Market Revenue (US$ Mn) and Forecast By Product, 2016-2027
9.5.3. Spain Vision Inspection System Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
9.5.4. Spain Vision Inspection System Market Revenue (US$ Mn) and Forecast By End-use, 2016-2027
9.6. Rest of Europe
9.6.1. Rest of Europe Vision Inspection System Market Revenue (US$ Mn) and Forecast By Offering, 2016-2027
9.6.2. Rest of Europe Vision Inspection System Market Revenue (US$ Mn) and Forecast By Product, 2016-2027
9.6.3. Rest of Europe Vision Inspection System Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
9.6.4. Rest of Europe Vision Inspection System Market Revenue (US$ Mn) and Forecast By End-use, 2016-2027
9.7. Europe PEST Analysis
CHAPTER 10. Asia Pacific Vision Inspection System Market By Country
10.1. Asia Pacific Vision Inspection System Market Overview
10.2. China
10.2.1. China Vision Inspection System Market Revenue (US$ Mn) and Forecast By Offering, 2016 - 2027
10.2.2. China Vision Inspection System Market Revenue (US$ Mn) and Forecast By Product, 2016 - 2027
10.2.3. China Vision Inspection System Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.2.4. China Vision Inspection System Market Revenue (US$ Mn) and Forecast By End-use, 2016 - 2027
10.3. Japan
10.3.1. Japan Vision Inspection System Market Revenue (US$ Mn) and Forecast By Offering, 2016 - 2027
10.3.2. Japan Vision Inspection System Market Revenue (US$ Mn) and Forecast By Product, 2016 - 2027
10.3.3. Japan Vision Inspection System Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.3.4. Japan Vision Inspection System Market Revenue (US$ Mn) and Forecast By End-use, 2016 - 2027
10.4. India
10.4.1. India Vision Inspection System Market Revenue (US$ Mn) and Forecast By Offering, 2016 - 2027
10.4.2. India Vision Inspection System Market Revenue (US$ Mn) and Forecast By Product, 2016 - 2027
10.4.3. India Vision Inspection System Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.4.4. India Vision Inspection System Market Revenue (US$ Mn) and Forecast By End-use, 2016 - 2027
10.5. Australia
10.5.1. Australia Vision Inspection System Market Revenue (US$ Mn) and Forecast By Offering, 2016 - 2027
10.5.2. Australia Vision Inspection System Market Revenue (US$ Mn) and Forecast By Product, 2016 - 2027
10.5.3. Australia Vision Inspection System Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.5.4. Australia Vision Inspection System Market Revenue (US$ Mn) and Forecast By End-use, 2016 - 2027
10.6. South Korea
10.6.1. South Korea Vision Inspection System Market Revenue (US$ Mn) and Forecast By Offering, 2016 - 2027
10.6.2. South Korea Vision Inspection System Market Revenue (US$ Mn) and Forecast By Product, 2016 - 2027
10.6.3. South Korea Vision Inspection System Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.6.4. South Korea Vision Inspection System Market Revenue (US$ Mn) and Forecast By End-use, 2016 - 2027
10.7. Rest of Asia-Pacific
10.7.1. Rest of Asia-Pacific Vision Inspection System Market Revenue (US$ Mn) and Forecast By Offering, 2016 - 2027
10.7.2. Rest of Asia-Pacific Vision Inspection System Market Revenue (US$ Mn) and Forecast By Product, 2016 - 2027
10.7.3. Rest of Asia-Pacific Vision Inspection System Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.7.4. Rest of Asia-Pacific Vision Inspection System Market Revenue (US$ Mn) and Forecast By End-use, 2016 - 2027
10.8. Asia Pacific PEST Analysis
CHAPTER 11. Latin America Vision Inspection System Market By Country
11.1. Latin America Vision Inspection System Market Overview
11.2. Brazil
11.2.1. Brazil Vision Inspection System Market Revenue (US$ Mn) and Forecast By Offering, 2016 - 2027
11.2.2. Brazil Vision Inspection System Market Revenue (US$ Mn) and Forecast By Product, 2016 - 2027
11.2.3. Brazil Vision Inspection System Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
11.2.4. Brazil Vision Inspection System Market Revenue (US$ Mn) and Forecast By End-use, 2016 - 2027
11.3. Mexico
11.3.1. Mexico Vision Inspection System Market Revenue (US$ Mn) and Forecast By Offering, 2016 - 2027
11.3.2. Mexico Vision Inspection System Market Revenue (US$ Mn) and Forecast By Product, 2016 - 2027
11.3.3. Mexico Vision Inspection System Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
11.3.4. Mexico Vision Inspection System Market Revenue (US$ Mn) and Forecast By End-use, 2016 - 2027
11.4. Rest of Latin America
11.4.1. Rest of Latin America Vision Inspection System Market Revenue (US$ Mn) and Forecast By Offering, 2016 - 2027
11.4.2. Rest of Latin America Vision Inspection System Market Revenue (US$ Mn) and Forecast By Product, 2016 - 2027
11.4.3. Rest of Latin America Vision Inspection System Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
11.4.4. Rest of Latin America Vision Inspection System Market Revenue (US$ Mn) and Forecast By End-use, 2016 – 2027
11.5. Latin America PEST Analysis
CHAPTER 12. Middle East & Africa Vision Inspection System Market By Country
12.1. Middle East & Africa Vision Inspection System Market Overview
12.2. Saudi Arabia
12.2.1. Saudi Arabia Vision Inspection System Market Revenue (US$ Mn) and Forecast By Offering, 2016 - 2027
12.2.2. Saudi Arabia Vision Inspection System Market Revenue (US$ Mn) and Forecast By Product, 2016 - 2027
12.2.3. Saudi Arabia Vision Inspection System Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
12.2.4. Saudi Arabia Vision Inspection System Market Revenue (US$ Mn) and Forecast By End-use, 2016 - 2027
12.3. UAE
12.3.1. UAE Vision Inspection System Market Revenue (US$ Mn) and Forecast By Offering, 2016 - 2027
12.3.2. UAE Vision Inspection System Market Revenue (US$ Mn) and Forecast By Product, 2016 - 2027
12.3.3. UAE Vision Inspection System Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
12.3.4. UAE Vision Inspection System Market Revenue (US$ Mn) and Forecast By End-use, 2016 - 2027
12.4. Rest of Middle East & Africa
12.4.1. Rest of Middle East & Africa Vision Inspection System Market Revenue (US$ Mn) and Forecast By Offering, 2016 - 2027
12.4.2. Rest of Middle East & Africa Vision Inspection System Market Revenue (US$ Mn) and Forecast By Product, 2016 - 2027
12.4.3. Rest of Middle East & Africa Vision Inspection System Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
12.4.4. Rest of Middle East & Africa Vision Inspection System Market Revenue (US$ Mn) and Forecast By End-use, 2016 – 2027
12.5. Middle East & Africa PEST Analysis
CHAPTER 13. Player Analysis Of Vision Inspection System
13.1. Vision Inspection System Market Company Share Analysis
13.2. Competition Matrix
13.2.1. Competitive Benchmarking of key players by price, presence, market share, and R&D investment
13.2.2. New Product Launches and Product Enhancements
13.2.3. Mergers And Acquisition In Global Vision Inspection System Market
13.2.4. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements
CHAPTER 14. Company Profile
14.1. Allied Vision Technologies GmbH
14.1.1. Company Snapshot
14.1.2. Business Overview
14.1.3. Financial Overview
14.1.3.1. Revenue (US$ Mn), 2019
14.1.3.2. Allied Vision Technologies GmbH 2019 Vision Inspection System Business Regional Distribution
14.1.4. Product/ Service and Specification
14.1.5. Recent Developments & Business Strategy
14.1.6. Manufacturing Plant Footprint Analysis
14.2. Basler AG
14.3. Cognex Corporation
14.4. Keyence Corporation
14.5. LMI TECHNOLOGIES INC.
14.6. Omron Microscan Systems, Inc.
14.7. NI (National Instruments Corporation)
14.8. Others
