This market research report presents a detailed segmentation of the global virtual inspection market by product category (camera, hardware, software, and optics and other equipment) and by end users (3D printing, automotive, electronics and CPG, oil and gas, pharmaceuticals, semiconductors, and others). It also outlines the market shares for key regions like the Americas, APAC, and EMEA. The leading vendors analyzed in this report are AMETEK, Adept Technology, and Edmund Optics.
Technavio’s market research analysts estimate the global virtual inspection market, to grow at a CAGR of around 9% between 2016 and 2020. The virtual inspection software and high-quality cameras analyse the surface of materials, components, and parts to accurately identify defects. The increasing focus on industrial automation is the primary growth driver for this market. APAC is expected to be the fastest-growing region in the virtual inspection market, as many manufacturers from North America and Europe are shifting their operating units to this region.
The new market research report from Technavio provides a breakdown and analysis of the virtual inspection segments by technology.
“Manufacturers are integrating smart cameras with the processing resources to facilitate efficient inspection of materials and the accurate detection of defects. Firms can improve product quality and minimize rework and waste with the use of virtual equipment geared with high-quality cameras. These systems require capturing even the minute details of products, including resolution, acquisition, and speed processing. For instance, Toshiba Tell is the largest global provider of industrial cameras covering a broad range of sensors, camera formats, and control methods engineered to customer requirements,” says Amit Sharma, Lead Analyst, ICT, Technavio Research.
The semiconductor segment accounts for the largest market share in the global virtual inspection market. Due to the rising demand for testing applications of fabricated systems and chips, the semiconductor manufacturing industry is envisaged to remain the largest end user of virtual inspection systems until the end of 2020.
The leading vendors in the global virtual inspection market are AMETEK, Adept Technology, and Edmund Optics. Due to the presence of many providers in this market, the application testing services segment has become the fastest growing market segment during the forecast period. AMETEK, Adept Technology, and Edmund Optics are the leading software testing service providers. In this market, it has been observed that many companies are forming partnerships with niche players to improve their software tool packages and enhance their ongoing innovations.
A more detailed analysis is available in the Technavio report, Global Virtual Inspection Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
Other related reports:
