The Global Defect Detection Market Is Expected To Grow With A Cagr Of 8.1% From 2024 To 2030

By Author: Lucintel LLC
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According to a market report by Lucintel, the future of the global defect detection market looks promising with opportunities in the automotive, electronics & semiconductor, metals & machinery, food & packaging, and pharmaceutical markets. The global defect detection market is expected to reach an estimated $8.3 billion by 2030 with a CAGR of 8.1% from 2024 to 2030. The major drivers for this market are increasing focus of manufacturers on automating quality control and quality assurance processes, increasing health and safety measures imposed by governments and standards organizations on manufacturing units, and growing demand for application-specific integrated circuits (ASICS).
In this market, hardware, software, and services are the major segments of defect detection market by offering.
Lucintel forecasts that software is expected to witness highest growth over the forecast period due to increasing focus on automation quality control and assurance processes and growing integration of AI and deep learning technology in the defect detection systems.
Within this market, electronics & semiconductors ...
... is expected to witness highest growth due to growing demand for high-speed assembly inspection where the throughput of components is rapid along with rising need to comply with stringent quality standards.
APAC is expected to witness highest growth over the forecast period due to rapid industrialization and existence of semiconductor, food & packaging, and automotive suppliers in the region.
Microsoft, IBM, Amazon Web Services, Omron Corporation, Cognex Corporation, Teledyne Technologies, Isra Vision, Keyence, Datalogic, and Matrox Electronic Systems are the major suppliers in the defect detection market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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