Market Overview:
The global visual inspection equipment market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for quality control and inspection in various industries, such as machinery & equipment, automotive, electronics, medical devices, and others. In addition, the growing awareness about safety and security is also propelling the demand for visual inspection equipment globally. Non-destructive testing (NDT) held a major share of the global visual inspection equipment market in 2017. This segment is projected to grow at a CAGR of 6.8% during the forecast period from 2018 to 2030 due to its ability detect defects without causing any damage to the inspected object or component.
Product Definition:
Visual inspection equipment is used to visually inspect products and materials for defects. This type of inspection is important because it allows companies to identify and correct problems before they result in a product that does not meet quality standards. Visual inspection equipment can include things like microscopes, magnifying glasses, and cameras.
Non-Destructive Testing:
Non-destructive testing is a method of testing or inspection where the operator, rather than damaging the product being tested, detects and measures characteristics of products without physically affecting the integrity of the product.
The global non-destructive testing (NDT) equipment market size was valued at USD 1.91 billion in 2016.
Remote Visual Inspection:
Remote visual inspection is a technique of observing the process or behavior of an object or product without physically being present. It can be used for quality control, research & development, production monitoring and many more. In case of manufacturing objects it can be used to check if the objects are within specifications and in case of services it can be used to monitor customer service performance. Remote visual inspection is also known as virtual observation which was developed at MIT in the 1960s by Richard H.
Application Insights:
The machinery and equipment application segment accounted for the largest market share in 2017. This is attributed to the growing demand forVsie from various industries such as oil & gas, power, chemicals, food & beverage and mining among others. Thevsie helps in early detection of problems so that they can be repaired before they cause any major damage. Thus, increasing production rates are resulting in increased demand for visual inspection equipment which is expected to drive product adoption over the forecast period.
The automotive application segment is projected to witness a CAGR of XX% from 2018 to 2030 owingto an increase in production volumes across several countries worldwide including China India Japan U.S., Canada Mexico Saudi Arabia Indonesia South Africa Brazil etc. The needfor constant innovation and replacement of old vehicles with technologically advanced models has resultedin an increased number of inspections during manufacturing processes leadingto higher adoption rateof remote visual inspection systems over the past few years especiallyin developed economies such as Germany France UK etc.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region over the forecast period. The growth can be attributed to increasing government spending on infrastructure development and manufacturing sector in China, India, Japan, South Korea and Taiwan. This factor is projected to drive regional demand for visual inspection equipment during the forecast period.
The market in North America accounted for a significant share of global revenue owing to high penetration of non-destructive testing tools across several industries such as aerospace & defense, automotive & transportation and electronics among others. Moreover, growing concerns regarding product quality are also driving industry growth in this region.
Growth Factors:
- Increasing demand for quality control and inspection in manufacturing industries
- Growing automotive industry and its components manufacturing sector
- Rising need for food safety and quality control
- Proliferation of counterfeit products in various industries
- Increasing demand from the medical device industry
Scope Of The Report
Report Attributes
Report Details
Report Title
Visual Inspection Equipment Market Research Report
By Type
Non-Destructive Testing, Remote Visual Inspection
By Application
Machinery & Equipment, Automotive, Electronics, Medical Devices, Other
By Companies
PCE Instruments, OPTIM LLC, Lenox Instrument Co, Trilion Quality Systems, Mitutoyo America Corporation, Titan Tool Supply Inc, KEYENCE CORP, DeltaTrak, Inc., USA Borescopes, Ashtead Technology, PCE Instruments
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
142
Number of Tables & Figures
100
Customization Available
Yes, the report can be customized as per your need.
Global Visual Inspection Equipment Market Report Segments:
The global Visual Inspection Equipment market is segmented on the basis of:
Types
Non-Destructive Testing, Remote Visual Inspection
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Machinery & Equipment, Automotive, Electronics, Medical Devices, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- PCE Instruments
- OPTIM LLC
- Lenox Instrument Co
- Trilion Quality Systems
- Mitutoyo America Corporation
- Titan Tool Supply Inc
- KEYENCE CORP
- DeltaTrak, Inc.
- USA Borescopes
- Ashtead Technology
- PCE Instruments
Highlights of The Visual Inspection Equipment Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Non-Destructive Testing
- Remote Visual Inspection
- By Application:
- Machinery & Equipment
- Automotive
- Electronics
- Medical Devices
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Visual Inspection Equipment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Visual inspection equipment is a type of machine used to inspect products for quality and defects. It can be used to check the surface finish, size, shape, and other characteristics of products.
Some of the key players operating in the visual inspection equipment market are PCE Instruments, OPTIM LLC, Lenox Instrument Co, Trilion Quality Systems, Mitutoyo America Corporation, Titan Tool Supply Inc, KEYENCE CORP, DeltaTrak, Inc., USA Borescopes, Ashtead Technology, PCE Instruments.
The visual inspection equipment market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Visual Inspection Equipment Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Visual Inspection Equipment Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Visual Inspection Equipment Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Visual Inspection Equipment Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Visual Inspection Equipment Market Size & Forecast, 2018-2028 4.5.1 Visual Inspection Equipment Market Size and Y-o-Y Growth 4.5.2 Visual Inspection Equipment Market Absolute $ Opportunity
Chapter 5 Global Visual Inspection Equipment Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Visual Inspection Equipment Market Size Forecast by Type
5.2.1 Non-Destructive Testing
5.2.2 Remote Visual Inspection
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Visual Inspection Equipment Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Visual Inspection Equipment Market Size Forecast by Applications
6.2.1 Machinery & Equipment
6.2.2 Automotive
6.2.3 Electronics
6.2.4 Medical Devices
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Visual Inspection Equipment Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Visual Inspection Equipment Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Visual Inspection Equipment Analysis and Forecast
9.1 Introduction
9.2 North America Visual Inspection Equipment Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Visual Inspection Equipment Market Size Forecast by Type
9.6.1 Non-Destructive Testing
9.6.2 Remote Visual Inspection
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Visual Inspection Equipment Market Size Forecast by Applications
9.10.1 Machinery & Equipment
9.10.2 Automotive
9.10.3 Electronics
9.10.4 Medical Devices
9.10.5 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Visual Inspection Equipment Analysis and Forecast
10.1 Introduction
10.2 Europe Visual Inspection Equipment Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Visual Inspection Equipment Market Size Forecast by Type
10.6.1 Non-Destructive Testing
10.6.2 Remote Visual Inspection
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Visual Inspection Equipment Market Size Forecast by Applications
10.10.1 Machinery & Equipment
10.10.2 Automotive
10.10.3 Electronics
10.10.4 Medical Devices
10.10.5 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Visual Inspection Equipment Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Visual Inspection Equipment Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Visual Inspection Equipment Market Size Forecast by Type
11.6.1 Non-Destructive Testing
11.6.2 Remote Visual Inspection
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Visual Inspection Equipment Market Size Forecast by Applications
11.10.1 Machinery & Equipment
11.10.2 Automotive
11.10.3 Electronics
11.10.4 Medical Devices
11.10.5 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Visual Inspection Equipment Analysis and Forecast
12.1 Introduction
12.2 Latin America Visual Inspection Equipment Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Visual Inspection Equipment Market Size Forecast by Type
12.6.1 Non-Destructive Testing
12.6.2 Remote Visual Inspection
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Visual Inspection Equipment Market Size Forecast by Applications
12.10.1 Machinery & Equipment
12.10.2 Automotive
12.10.3 Electronics
12.10.4 Medical Devices
12.10.5 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Visual Inspection Equipment Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Visual Inspection Equipment Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Visual Inspection Equipment Market Size Forecast by Type
13.6.1 Non-Destructive Testing
13.6.2 Remote Visual Inspection
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Visual Inspection Equipment Market Size Forecast by Applications
13.10.1 Machinery & Equipment
13.10.2 Automotive
13.10.3 Electronics
13.10.4 Medical Devices
13.10.5 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Visual Inspection Equipment Market: Competitive Dashboard
14.2 Global Visual Inspection Equipment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 PCE Instruments
14.3.2 OPTIM LLC
14.3.3 Lenox Instrument Co
14.3.4 Trilion Quality Systems
14.3.5 Mitutoyo America Corporation
14.3.6 Titan Tool Supply Inc
14.3.7 KEYENCE CORP
14.3.8 DeltaTrak, Inc.
14.3.9 USA Borescopes
14.3.10 Ashtead Technology
14.3.11 PCE Instruments