“Defect Detection Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on defect detection market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Where is the largest and fastest growing market for defect detection ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The defect detection market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
- 1) By Offering: Hardware; Software; Services
- 2) By Application: Manufacturing; Packaging
- 3) By Vertical: Automotive; Electronics And Semiconductors; Metals And Machinery; Food And Packaging; Pharmaceuticals
- Companies Mentioned: Microsoft Corporation; IBM Corporation; Amazon.com, Inc.; Omron Corporation; Cognex Corporation
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Executive Summary
Major players in the defect detection market are: Microsoft Corporation, IBM Corporation, Amazon.com Inc., Omron Corporation, Cognex Corporation, Datalogic S.p.A. , Nikon Corporation, Keyence Corporation, Teledyne Technologies Inc., ISRA Vision AG, Matrox Electronic Systems, Fox and Geese LLC, Etegent Technologies Ltd., Brimrose Technology Corporation and FTL Labs Corporation.
The global defect detection market is expected to grow from $3.33 billion in 2022 to $3.60 billion in 2023 at a compound annual growth rate (CAGR) of 8.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The defect detection market is expected to grow to $4.84 billion in 2027 at a CAGR of 7.7%.
The defect detection market includes revenues earned by entities through the detection of defects in computer vision, non-destructive testing, and other services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
Defect detection is a part of the quality control and assurance process used in recognizing potential defects, errors, anomalies, and issues with products or machinery.
Asia Pacific was the largest region in the defect detection market in 2022. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main defect detection offerings are hardware, software, and services. Hardware refers to the computer's tangible components or delivery systems that store and run written instructions provided by the software. The applications include manufacturing and packaging used by various verticals such as automotive, electronics and semiconductors, metals and machinery, food and packaging, and pharmaceuticals.
Stringent health and safety measures imposed by governments are expected to propel the growth of the defect detection market going forward. Regulation refers to the imposition of rules by the government, accompanied by penalties specifically intended to change private sector economic behaviors. The government of Australia imposed some health and safety measures that increase the demand for defect detection. For instance, in August 2020, the Australian Public Service Commission, a statutory agency of the Australian Government, introduced stringent health protocols for Australian Government workers from Australian Government agencies, services, and programs visiting remote communities. Therefore, stringent health and safety measures imposed by governments are driving the growth of the defect detection market.
Technological advancements are a key trend gaining popularity in the defect detection market. Major companies operating in the defect detection market are focused on developing new technological solutions to strengthen their position. For instance, In August 2021, Datalogic, an Italian company working in the automatic data capture and process automation markets launched an MFDS solution for monitoring the non-conveyable products in a non-singulated flow. MassFlowDetectionSystem (MFDS) is an advanced solution that enables automated data collection for non-conveyable parcels. In the 'non-conveyable' parcel sector, large items have increased significantly even more than the traditional parcels, moreover, are subject to manual treatment, creating a labor-intensive process.
In March 2021, Datalogic S.p.A, an Italy-based company working in the automatic data capture and process automation markets acquired M.D. Micro Detectors S.p.A., for $36 million. Through this acquisition, Datalogic Group is expanding its product portfolio to include inductive and ultrasonic sensors used in industrial sectors such as electronics, pharmaceuticals, logistics, and automotive. The acquisition allows the company to further expand its presence in the industrial sensors market, by taking advantage of numerous synergies that will result from combining with the range of sensors, safety products, and vision systems. M.D. Micro Detectors S.p.A. is an Italy-based designer and manufacturer of a wide range of industrial sensors.
The countries covered in the Defect Detection market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
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.
The defect detection market research report is one of a series of new reports from The Business Research Company that provides defect detection market statistics, including the defect detection industry global market size, regional shares, competitors with a defect detection market share, detailed defect detection market segments, market trends and opportunities, and any further data you may need to thrive in the defect detection industry. This defect detection market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Table of Contents
1. Executive Summary
2. Defect Detection Market Characteristics
3. Defect Detection Market Trends And Strategies
4. Defect Detection Market - Macro Economic Scenario
- 4.1. COVID-19 Impact On Defect Detection Market
- 4.2. Ukraine-Russia War Impact On Defect Detection Market
- 4.3. Impact Of High Inflation On Defect Detection Market
5. Defect Detection Market Size And Growth
- 5.1. Global Defect Detection Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global Defect Detection Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. Defect Detection Market Segmentation
- 6.1. Global Defect Detection Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Hardware
- Software
- Services
- 6.2. Global Defect Detection Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Manufacturing
- Packaging
- 6.3. Global Defect Detection Market, Segmentation By Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Automotive
- Electronics And Semiconductors
- Metals And Machinery
- Food And Packaging
- Pharmaceuticals
7. Defect Detection Market Regional And Country Analysis
- 7.1. Global Defect Detection Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 7.2. Global Defect Detection Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Defect Detection Market
- 8.1. Asia-Pacific Defect Detection Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Defect Detection Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 8.3. Asia-Pacific Defect Detection Market, Segmentation By Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Defect Detection Market
- 9.1. China Defect Detection Market Overview
- 9.2. China Defect Detection Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
- 9.3. China Defect Detection Market, Segmentation By Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Defect Detection Market
- 10.1. India Defect Detection Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 10.2. India Defect Detection Market, Segmentation By Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Defect Detection Market
- 11.1. Japan Defect Detection Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 11.2. Japan Defect Detection Market, Segmentation By Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Defect Detection Market
- 12.1. Australia Defect Detection Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 12.2. Australia Defect Detection Market, Segmentation By Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Defect Detection Market
- 13.1. Indonesia Defect Detection Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 13.2. Indonesia Defect Detection Market, Segmentation By Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Defect Detection Market
- 14.1. South Korea Defect Detection Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 14.2. South Korea Defect Detection Market, Segmentation By Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Defect Detection Market
- 15.1. Western Europe Defect Detection Market Overview
- 15.2. Western Europe Defect Detection Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 15.3. Western Europe Defect Detection Market, Segmentation By Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Defect Detection Market
- 16.1. UK Defect Detection Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 16.2. UK Defect Detection Market, Segmentation By Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Defect Detection Market
- 17.1. Germany Defect Detection Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 17.2. Germany Defect Detection Market, Segmentation By Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Defect Detection Market
- 18.4. France Defect Detection Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 18.5. France Defect Detection Market, Segmentation By Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Defect Detection Market
- 19.1. Eastern Europe Defect Detection Market Overview
- 19.2. Eastern Europe Defect Detection Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 19.3. Eastern Europe Defect Detection Market, Segmentation By Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Defect Detection Market
- 20.1. Russia Defect Detection Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 20.2. Russia Defect Detection Market, Segmentation By Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Defect Detection Market
- 21.1. North America Defect Detection Market Overview
- 21.2. North America Defect Detection Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 21.3. North America Defect Detection Market, Segmentation By Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Defect Detection Market
- 22.1. USA Defect Detection Market Overview
- 22.2. USA Defect Detection Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 22.3. USA Defect Detection Market, Segmentation By Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Defect Detection Market
- 23.1. South America Defect Detection Market Overview
- 23.2. South America Defect Detection Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 23.3. South America Defect Detection Market, Segmentation By Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Defect Detection Market
- 24.1. Brazil Defect Detection Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 24.2. Brazil Defect Detection Market, Segmentation By Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Defect Detection Market
- 25.1. Middle East Defect Detection Market Overview
- 25.2. Middle East Defect Detection Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 25.3. Middle East Defect Detection Market, Segmentation By Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Defect Detection Market
- 26.1. Africa Defect Detection Market Overview
- 26.2. Africa Defect Detection Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 26.3. Africa Defect Detection Market, Segmentation By Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Defect Detection Market Competitive Landscape And Company Profiles
- 27.1. Defect Detection Market Competitive Landscape
- 27.2. Defect Detection Market Company Profiles
- 27.2.1. Microsoft Corporation
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. IBM Corporation
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. Amazon.com Inc.
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. Omron Corporation
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. Cognex Corporation
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Defect Detection Market
29. Defect Detection Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Historic And Forecast Inflation Rates
- 30.4. Research Inquiries
- 30.5. The Business Research Company
- 30.6. Copyright And Disclaimer