Rapid Growth Anticipated for Defect Detection Market: CAGR 7.9% by 2025 and 7.7% by 2029
What Size will the Defect
Detection Market Reach by 2025, and What will Drive Its Growth?
The defect detection market size
has shown impressive growth in recent years. Estimated at $3.84 billion in
2024, it is expected to grow to $4.15 billion in 2025, exhibiting a Compound
Annual Growth Rate (CAGR) of 7.9%. The growth during the historic period is
primarily driven by a heightened emphasis on quality assurance, cost of
quality, regulatory standards, increased complexity in manufacturing processes,
demand for high-quality products, globalization of supply chains, and
heightened competition.
The market is anticipated to
witness strong growth in the coming years, estimated to reach $5.58 billion in
2029, a CAGR of 7.7%. The forecast period sees growth attributed to a focus on
zero-defect manufacturing, integration with production processes, industry-specific
solutions, data analytics for predictive maintenance, demand for real-time
detection, customization and flexibility. Major trends expected in the forecast
period include advancements in sensor technologies, automation, and AI
integration, increased use of computer vision, integration of deep learning,
remote inspection and monitoring, and collaboration with cloud services.
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What are the Factors that
Propel the Growth of the Defect Detection Market?
Stringent measures in health and
safety imposed by governments are expected to significantly drive growth in the
defect detection market. Regulation, characterized by governmental impositions
of rules and associated penalties, is typically created to modify economic
behavior within the private sector. As an example, the Australian government
has instigated health and safety regulations boosting demand for defect
detection. In the US, the Supreme Court in January 2022, granted a stay on
OSHA's COVID-19 vaccine mandate for private employers with over 100 employees,
ruling that the mandate exceeded OSHA's statutory authority and was otherwise
unlawful. The stringent regulations comprising health and safety measures by
governments are driving the growth of the defect detection market.
What Segments comprises the
Defect Detection Market?
The defect detection market
segments covered in the report are as follows:
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
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Which are the Key Players in
the Defect Detection Market?
Major companies operating in the
defect detection market include Microsoft Corporation, Cognex Corporation, IBM
Corporation, Omron Corporation, ABB India Ltd., Adlink Technology Inc., Allied
Vision Technologies Private Limited, AMETEK Inc., Banner Engineering Corp.,
Basler AG, Datalogic SpA, Hermary Opto Electronics Inc., Hangzhou Hikvision
Digital Technology Co. Ltd., IDS Imaging Development Systems GmbH, Isra Vision
AG, Key Technology Inc., Keyence Corporation, LMI Technologies Inc., Matrox
Electronic Systems Ltd., National Instruments Corp., Radiant Vision Systems
LLC, Raptor Photonics Ltd., Sick AG, Sony Group Corp., Teledyne DALSA Corp.,
Vayyar Imaging Ltd., Vitronic Machine Vision Ltd.
What Emerging Trends are
Shaping the Defect Detection Market?
Technological advancements are a
significant trend gaining popularity in the defect detection market. Major
companies in the market are focusing on developing new technological solutions
to solidify their market position. For instance, Hitachi High-Tech, a
Japan-based technology company, launched their Hitachi Dark Field Wafer Defect
Inspection System DI4600 in December 2023. Designed for the inspection of
particles and defects on patterned wafers in semiconductor production lines, it
boasts improved detection capabilities due to the integration of a dedicated
server that adds significantly improved data processing power for identifying
particles and defects.
Which Region is Predominant in
the Defect Detection Market?
In 2024, Asia-Pacific was the
largest region in the defect detection market. The report covers regions
including Asia-Pacific, Western Europe, Eastern Europe, North America, South
America, Middle East, Africa.
What Does The Defect Detection
Market Report 2025 Offer?
Defect detection refers to the
process of identifying and analyzing imperfections or flaws in products,
materials or systems. Predominantly used in manufacturing, quality control, and
maintenance, it ensures that standards of functionality, reliability, and
appearance are met. The Defect Detection Market research report from The
Business Research Company provides global market size, growth rate, regional
shares, competitor analysis, detailed segments, trends, and opportunities.
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Detection Market report now to unlock valuable market insights:
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