Global Automatic Visual Inspection Systems Market Strategies 2024, Forecast To 2033

17 Apr, 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%. The growth in the historic period can be attributed to rising demand for quality inspection in technology and non-destructive testing, rising demand for AVI systems, improvement in defect detection, increased focus on safety, demand for real-time insights. 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%. The growth in the forecast period can be attributed to increasing demand for quality control and inspection in manufacturing, demands for quality assurance, increases in production volumes, increasing acceptance and investments in industry 4.0, increasing application in the automobile sector. Major trends in the forecast period include technological advancements in machine vision technology, integration of advanced technologies and systems, advanced AVIS technologies, integration of automation inspection systems into production processes, adoption of industry 4.0 principles for data-driven insights.

Global Automatic Visual Inspection Systems Market Key Driver

The increasing adoption of Industry 4.0 and smart factory concepts propels the growth of the automatic visual inspection systems market. Industry 4.0 and smart factory concepts integrate advanced technologies like IoT, artificial intelligence, and automation to create intelligent industrial systems. Automatic visual inspection systems play a crucial role in enhancing quality control and efficiency through real-time, data-driven analysis of production processes. In May 2022, a survey conducted by Rockwell Automation, Inc. revealed a remarkable 50% year-over-year growth in the adoption of smart factory technologies, with a significant percentage of manufacturers planning to integrate artificial intelligence into their operations. This trend underscores the growing importance of automatic visual inspection systems in modern manufacturing.

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Global Automatic Visual Inspection Systems Market Segments

The automatic visual inspection systems market covered in this report is segmented –
1) By Type: 2D Systems, 3D Systems, Camera Systems, Machine Vision Systems, PC Based Systems, Other Types
2) By Component: Hardware, Software, Services
3) By Application: Surface Inspection, Quality Control And Inspection, Measurement, Other Applications
4) By End-Use: Automotive, Semiconductor And Electronics, Food And Beverage, Packaging, Pharmaceutical, Healthcare, Other End-Uses
By Geography:The regions 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. 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.

Major Automatic Visual Inspection Systems Market Industry Players

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

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Automatic Visual Inspection Systems Market Overview

Automatic visual inspection systems (AVIS), also known as machine vision systems or automated optical inspection (AOI) systems, are technologies designed to automatically inspect and analyze objects or products using cameras, sensors, and image processing algorithms. This system is a reliable and efficient way to inspect products in manufacturing environments, reducing the need for manual inspection and improving productivity while ensuring consistent product quality.

Automatic Visual Inspection Systems Global Market Report 2023 provides data on the global automatic visual inspection systems market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The automatic visual inspection systems market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.