Summary

Defect Detection Trends and Forecast
Thefuture 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).

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Defect Detection by Segment

The study includes a forecast for the global defect detection by offering, application, vertical, and region

Defect Detection Market by Offering [Shipment Analysis by Value from 2018 to 2030]:
• Hardware
• Software
• Services

Defect Detection Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Manufacturing
• Packaging

Defect Detection Market by Vertical [Shipment Analysis by Value from 2018 to 2030]:
• Automotive
• Electronics & Semiconductors
• Metals & Machinery
• Food and Packaging
• Pharmaceuticals


Defect Detection Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Defect Detection Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies defect detection companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the defect detection companies profiled in this report include-
• Microsoft
• IBM
• Amazon Web Services
• Omron Corporation
• Cognex Corporation
• Teledyne Technologies
• Isra Vision
• Keyence
• Datalogic
• Matrox Electronic Systems


Defect Detection Market Insights

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 existsence of semiconductor, food & packaging, and automotive suppliers in the region.

Features of the Global Defect Detection Market
Market Size Estimates: Defect detection market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Defect detection market size by offering, application, vertical, and region in terms of value ($B).
Regional Analysis: Defect detection market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different offering, application, vertical, and regions for the defect detection market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the defect detection market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ
Q.1 What is the defect detection market size?
Answer: The global defect detection market is expected to reach an estimated $8.3 billion by 2030.
Q.2 What is the growth forecast for defect detection market?
Answer: The global defect detection market is expected to grow with a CAGR of 8.1% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the defect detection market?
Answer: 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).
Q4. What are the major segments for defect detection market?
Answer: The future of the global defect detection market looks promising with opportunities in the automotive, electronics & semiconductor, metals & machinery, food & packaging, and pharmaceutical markets.
Q5. Who are the key Defect Detection Market companies?
Answer: Some of the key defect detection companies are as follows:
• Microsoft
• IBM
• Amazon Web Services
• OMRON Corporation
• Cognex Corporation
• Teledyne Technologies
• ISRA VISION
• KEYENCE
• Datalogic
• Matrox Electronic Systems
Q6. Which defect detection market segment will be the largest in future?
Answer: 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.
Q7. In defect detection market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to rapid industrialization and existsence of semiconductor, food & packaging, and automotive suppliers in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the defect detection market by offering (hardware, software, and services), application (manufacturing and packaging), vertical (automotive, electronics & semiconductors, metals & machinery, food and packaging, and pharmaceuticals), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

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