Automatic Visual Inspection Systems Global Market Report 2024

The automatic visual inspection systems market size has grown rapidly in recent years. It will grow from $14.61 billion in 2023 to $16.69 billion in 2024 at a compound annual growth rate (CAGR) of 14.2%. Historical growth in this sector can be primarily attributed to several key factors. These include the increasing demand for quality inspection in technology and non-destructive testing applications, rising adoption of Automatic Visual Inspection (AVI) systems, advancements in defect detection capabilities, heightened focus on safety standards, and the growing demand for real-time insights in manufacturing processes.

The automatic visual inspection systems market size is expected to see rapid growth in the next few years. It will grow to $26.71 billion in 2028 at a compound annual growth rate (CAGR) of 12.5%. Anticipated growth in the upcoming period is driven by several key factors. These include the growing demand for quality control and inspection in manufacturing industries, heightened requirements for quality assurance, rising production volumes, increased acceptance and investments in Industry 4 initiatives, and expanding applications in the automobile sector. Key trends expected in this period encompass technological advancements in machine vision technology, integration of advanced technologies and systems into inspection processes, development of advanced Automatic Visual Inspection Systems (AVIS) technologies, incorporation of automated inspection systems into production processes, and adoption of Industry 4 principles to leverage data-driven insights for enhanced quality control and optimization.

The escalating adoption of Industry 4 and smart factory paradigms is set to drive the expansion of the automatic visual inspection systems market in the foreseeable future. Industry 4 and smart factory concepts entail the integration of advanced technologies such as IoT, artificial intelligence, and automation to establish interconnected, intelligent, and efficient industrial systems. Within this framework, automatic visual inspection systems play a pivotal role in bolstering quality control and operational efficiency through real-time, data-driven analysis of production processes. For instance, in May 2022, as per a survey conducted by Rockwell Automation, Inc., comprising 321 manufacturers, the adoption of smart factory technologies exhibited a notable 50% year-over-year growth. Additionally, 74% of surveyed manufacturers are either employing or planning to integrate artificial intelligence into their manufacturing operations, with 83% of manufacturing professionals aiming to transition their modernization processes towards smart factories. Hence, the increasing embrace of Industry 4 and smart factory paradigms serves as a catalyst for the automatic visual inspection systems market's expansion.

Key players within the automatic visual inspection systems market are channeling their efforts towards developing innovative solutions to fortify their market positioning, exemplified by Cohu's DI-Core analytics platform. This artificial intelligence-based inspection software, offered by Cohu, enhances visual inspection accuracy, particularly tailored for the semiconductor manufacturing industry's demands. Launched in November 2023, Cohu's DI-Core analytics platform delivers real-time processing capabilities, augmenting visual inspection accuracy for semiconductor manufacturers operating at production speeds. Leveraging proprietary deep learning and neural network technologies, the platform distinguishes micro-scale defects from cosmetic patterns with heightened precision compared to conventional methods. The product aims to enhance inspection yield without compromising on quality, thereby aligning with Industry 4 and factory automation initiatives.

In February 2024, Siemens AG, a Germany-based energy technology and manufacturing company, successfully acquired Inspekto GmbH for an undisclosed sum. This strategic move is designed to leverage the capabilities of Inspekto's AI-enabled machine vision technology, integrating it with Siemens' extensive global reach and profound expertise in digital industrial solutions. Inspekto GmbH, headquartered in Germany, specializes in providing artificial intelligence (AI)-enabled automated visual inspection solutions.

Major companies operating in the automatic visual inspection systems market are Hitachi Ltd, Mitsubishi Electric Corporation, Nidec Corporation, Atlas Copco AB, KLA Corporation, OMRON Corporation, Keyence Corporation, FANUC Corporation, Zebra Technologies Corporation, Teledyne Technologies Incorporated, Mettler-Toledo International Inc., SICK AG., National Instruments Corporation, Syntegon Technology GmbH, Stevanato Group, Cognex Corporation, Datalogic S.p.A., Basler AG, Vitronic Machine Vision Ltd, Stemmer Imaging Ltd., ViTrox Corporation, Baumer Inspection GmbH, Pleora Technologies Inc, Viscom AG, ISRA Vision GmbH, ASC International, NDC International, Qualitas Technologies, VisionGauge, Shanghai VisionTech.

Asia-Pacific was the largest region in the automatic visual inspection systems market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the automatic visual inspection systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the automatic visual inspection systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Automatic visual inspection systems (AVIS), also known as machine vision systems or automated optical inspection (AOI) systems, are advanced technologies engineered to automatically inspect and analyze objects or products through the utilization of cameras, sensors, and image processing algorithms. This system offers a dependable and efficient means of inspecting products within manufacturing environments, diminishing the reliance on manual inspection and bolstering productivity while ensuring consistent product quality.

Key types of automatic visual inspection systems include 2D systems, 3D systems, camera systems, machine vision systems, PC-based systems, and others. 2D AVIS are automated technologies specifically designed for inspecting and identifying defects in two-dimensional surfaces or products. These systems encompass various components such as hardware, software, and services, utilized for surface inspection, quality control, measurement, and other applications across industries including automotive, semiconductor and electronics, food and beverage, packaging, pharmaceuticals, healthcare, and others.

The automatic visual inspection systems market research report is one of a series of new reports that provides automatic visual inspection systems market statistics, including automatic visual inspection systems industry global market size, regional shares, competitors with automatic visual inspection systems market share, detailed automatic visual inspection systems market segments, market trends, and opportunities, and any further data you may need to thrive in the automatic visual inspection systems industry. This automatic visual inspection systems market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The automatic visual inspection systems market consists of revenues earned by entities providing services such as defect detection, sorting and classification, dimensional accuracy, and packaging inspection. The market value includes the value of related goods sold by the service provider or included within the service offering. The automatic visual inspection systems market also includes sales of cameras and sensors, control and integration systems, conveyors and handling systems and image processing software. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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