New York, November 04, 2021 (GLOBE NEWSWIRE) – Reportlinker.com Announces the Publication of the Report “Flaw Detection Market with COVID-19 Impact Analysis, by Supply, Application, Vertical and Geography – Global Forecast to 2026 “- https: //www.reportlinker.com/p06179273/? Utm_source = GNW
Hardware segment is expected to hold the largest share of the market during the forecast period
The hardware segment of the fault detection market is expected to register the largest market share in 2026, by offering. The type of hardware in flaw detection systems includes cameras, frame grabbers, optics, and processors.
The major factors driving the market growth are rapid industrialization in emerging economies, increasing adoption of automated visual inspection systems in manufacturing, and increasing wages in various countries.
Manufacturing demand to register higher CAGR during forecast period
The Manufacturing Defect Detection Market is expected to register the highest CAGR during the forecast period, by application. human eye.
Industries have realized the importance of quality assurance in manufacturing processes, which has resulted in widespread acceptance of fault detection as an integral part of the long-term automation development process. The use of defect detection throughout an automated production process helps identify complex defects in a short period of time.
This, in turn, helps to reduce costs and improve response time and quality. In addition, the growing adoption of a deep learning and AI-based defect detection system in manufacturing to speed up product inspection and facilitate rapid defect detection is also driving the market growth.
The electronics and semiconductor segment is expected to hold the largest share of the market during the forecast period
The electronics and semiconductor segment of the fault detection market is estimated to register the largest market share in 2026, by vertical. hair, functional defects such as bent pins on ports and connectors, loose screws, missing components and bad barcodes also need to be detected to produce fewer defective products and improve production quality.
The growing demand for high speed assembly inspection where component throughput is fast and the growing need to adhere to strict quality standards is driving the growth of the electronics and semiconductor segment. In addition, the industry is manufacturing more and more semiconductor wafers with a thickness in nanometers; this will increase the demand for fault detection systems in the years to come.
APAC is expected to become the fastest geographic market between 2021 and 2026
The APAC market is expected to grow at the highest CAGR during the forecast period. APAC countries such as China, Japan, India and South Korea have some of the largest manufacturing facilities, where automation has been given the highest priority.
Rapid industrialization, presence of well-established semiconductor, food and packaging, and automotive industries are likely to drive the market growth. In addition, various government initiatives such as âMake in Indiaâ to encourage large and medium enterprises are fueling the growth of the APAC market.
Manufacturers in this region are investing heavily in R&D and implementation of Industrial Internet of Things (IIoT) and other industrial automation solutions.
Breakdown of the profiles of the main participants:
â¢ By company: level 1 = 50%, level 2 = 30% and level 3 = 20%
â¢ By designation: C-level executives = 30%, managers = 30% and others (sales, marketing and product managers, as well as members of various organizations) = 40%
â¢ By region: North America = 30%, Europe = 25%, APAC = 40% and ROW = 5%
The main players presented in this report:
The flaw detection market is dominated by a few established players such as Microsoft (US), IBM (US), Amazon Web Services (US), OMRON Corporation (Japan) and Cognex Corporation (US) ).
This report offers in-depth flaw detection market insights based on supply (hardware, software, services), application (manufacturing and packaging), vertical (electronics and semiconductor, automotive, metals and machinery, food and packaging and pharmaceuticals) and region (North America, Europe, Asia-Pacific (APAC) and rest of the world (RoW) which includes the Middle East and Africa (MEA)) and the South America. The report also provides a comprehensive review of Flaw Detection market drivers, restraints, opportunities, and market challenges.
The report also covers qualitative aspects in addition to quantitative aspects of these markets.
Main advantages of purchasing the report
The report will help the leaders / new entrants in this Defect Detection market with information about the closest approximations to revenue figures for the entire market and sub-segments. This report will help stakeholders understand the competitive landscape and gain more insight to better position their businesses and plan suitable go-to-market strategies.
The report also helps stakeholders understand the pulse of the Defect Detection market and provides them with insights into the key market drivers, restraints, challenges, and opportunities.
Read the full report: https://www.reportlinker.com/p06179273/?utm_source=GNW
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