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Redding, California - May 29, 2024
Inspection Machines Market to be Worth $2.15 Billion by 2031
Inspection Machines Market by Offering (Hardware, Software), Automation Mode (Automatic Inspection, Semi-automatic Inspection, Manual Inspection), End User (Pharmaceutical and Biotech, Food and Beverages), and Geography - Global Forecast to 2031
Meticulous Research®—a leading global market research company, published a research report titled, 'Inspection Machines Market by Offering (Hardware, Software), Automation Mode (Automatic Inspection, Semi-automatic Inspection, Manual Inspection), End User (Pharmaceutical and Biotech, Food and Beverages), and Geography - Global Forecast to 2031.’
According to this latest publication from Meticulous Research®, the global Inspection Machines market is projected to reach $2.15 billion by 2031, at a CAGR of 9.1% from 2024–2031. The growth of the Inspection Machines market is driven by stringent government regulations & compliances related to product quality & safety, the increasing adoption of Industry 4.0 technologies, and the growing demand for automated inspection processes. However, high initial investment requirements and the shortage of skilled personnel restrain the growth of this market.
Furthermore, the technological advancements in inspection machines and the increasing outsourcing of manufacturing operations in emerging economies are expected to generate growth opportunities for the stakeholders in this market. However, the efficient integration of inspection machines with existing production lines is a major challenge impacting the growth of the inspection machines market.
The global Inspection Machines market is segmented by offering (hardware (industrial inspection microscopes, automatic gauge measurement systems, metal detection machines, vision inspection machines, x-ray inspection machines, weighing and counting machines, leak detection machines, and other inspection machines), software), automation mode (automatic inspection, semi-inspection, manual inspection), end user (pharmaceutical & biotech (injectable formulations, non-injectable formulations), food and beverages, industrial manufacturing, electronics & semiconductor, cosmetics & personal care, other end users). The study also evaluates industry competitors and analyzes the market at the regional and country levels.
Based on offering, the global Inspection Machines market is segmented into hardware and software. In 2024, the hardware segment is expected to account for the larger share of the global inspection machines market. The large market share of this segment is attributed to the growing adoption of inspection machine hardware in the manufacturing sector, increasing R&D expenditure, and stringent regulations for manufacturing practices.
However, the software segment is projected to register a higher CAGR during the forecast period due to factors such as the growing adoption of inspection machine software in various industrial applications, the rising need for efficient, accurate, and reliable inspection processes, and the rising need for quality control and real-time monitoring.
Based on automation mode, the global Inspection Machines market is segmented into automatic inspection, semi-automatic inspection, and manual inspection. In 2024, the automatic inspection segment is expected to account for the largest share of the global inspection machines market. The segment’s large share can be attributed to the benefits offered by automatic inspection machines over manual and semi-automated inspection machines and the rising use of automatic inspection machines by manufacturers for real-time monitoring of the manufacturing process. Automatic inspection machines help increase efficiency by replacing manual inspection processes with automated ones, which helps eliminate special training for the users and saves labor.
Based on end user, the global Inspection Machines market is segmented into industrial manufacturing, pharmaceutical & biotech, cosmetics & personal care, food & beverages, electronics & semiconductors, and other end users. In 2024, the pharmaceutical & biotech segment is expected to account for the largest share of the global Inspection Machines market. The large share of the segment is attributed to the stringent regulatory requirements for product quality & safety, increasing adoption of automation & technological advancements in inspection systems, growing demand for biopharmaceuticals, biosimilars, & personalized medicines, and rising focus on reducing production costs, minimizing product recalls, & improving overall manufacturing efficiency.
Based on geography, the Inspection Machines market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, Asia-Pacific is expected to account for the largest share of the global Inspection Machines market. The growth of this market can be attributed to the increasing manufacturing activities across several industries, including pharmaceutical and biotech, food & beverage, and cosmetics. The growing demand for quality products from these industries creates potential opportunities for the players in this market. Furthermore, technologically advanced countries, such as China, Japan, South Korea, Taiwan, and India, are expected to offer significant market growth opportunities in the coming years.
Key Players
The key players operating in the global Inspection Machines market are Thermo Fisher Scientific Inc. (U.S.), Teledyne Technologies Incorporated (U.S.), Körber AG (Germany), Robert Bosch GmbH (Germany), OMRON Corporation (Japan), Optel Vision Inc. (Canada), Cognex Corporation (U.S.), Brevetti CEA SpA (Italy), Antares Vision S.p.A. (Italy), ACG (India), IRIS Inspection Machines (France), Sys-Tech Solutions, Inc. (U.S.), ALLTEC Angewandte Laserlicht Technologie GmbH (Germany), Sea Vision S.r.l. (Italy), and CMP PHAR.MA S.R.L. (Italy).
Download Sample Report Here : https://www.meticulousresearch.com/download-sample-report/cp_id=2571
Key Questions Answered in the Report:
- What are the high-growth market segments in terms of the offering, automation mode, and end user?
- What is the historical market size for the global Inspection Machines market?
- What are the market forecasts and estimates for 2024–2031?
- What are the major drivers, restraints, opportunities, challenges, and trends in the global Inspection Machines market?
- Who are the major players in the global Inspection Machines market, and what are their market shares?
- What is the competitive landscape like?
- What are the recent developments in the global Inspection Machines market?
- What are the different strategies adopted by major market players?
- What are the trends and high-growth countries?
- Who are the local emerging players in the global Inspection Machines market, and how do they compete with other players?
Contact Us:
Meticulous Research®
Email- sales@meticulousresearch.com
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research
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