SAN FRANCISCO, March 28, 2016 /PRNewswire/ --
The global surface vision and inspection market size is expected to reach USD 16.39 billion by 2022 according to a new report by Grand View Research, Inc. Surge in demand for vision and inspection systems across manufacturing industries is expected to drive demand over the forecast period. Advances in manufacturing activities have led to mass production in order to reduce overall operational cost. However, it increases the probability of errors and defects, thereby making machine vision (MV) systems essential for high product quality.
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Surface vision and inspection systems help in waste reduction, increase in production efficiency, and minimizes production cost. Moreover, these systems provide instant quantitative feedback such as quantity and type of defects. Further, continuous advances in the technology has led to improved systems, which exhibit high accuracy and reduced application development time.
Owing to stringent regulations to improve food & drug safety and to fight counterfeiting, several food and pharmaceutical manufacturers are increasingly focusing on traceability. Inspection systems deliver value in being able to prevent parallel trade through unauthorized channels, stop counterfeiting and achieve greater visibility.
Browse full research report with TOC on "Surface Vision And Inspection Market Analysis By Component (Camera, Optics, Lighting Equipment, Frame Grabber, Hardware & Software), By Application (Automotive, Batteries, Electronics & Electrical, Medical, Semiconductor) And Segment Forecasts To 2022" at: http://www.grandviewresearch.com/industry-analysis/surface-vision-inspection-market
Further key findings from the study suggest:
Grand View Research has segmented the global surface vision and inspection market on the basis of component, application and region:
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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