Inspection Machines Market Report by MarketsandMarkets™ Predicts $905 Million by 2027

4 minutes, 23 seconds Read

The inspection machines market is projected to reach USD 905 million by 2027 from USD 721 million in 2022, at a CAGR of 4.7% during the forecast period. Factors such as the increasing issues in regulatory mandates by the government, the growing adoption of automated inspection systems in the pharmaceutical and biotechnology industries, and technological advancements in inspection systems leads to the growth of the market.

To know about the assumptions considered for the study download the pdf brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=81453085

The inspection machines market refers to the industry that produces and sells machinery and equipment designed for quality control, inspection, and testing of products across various industries.

Key factors driving the inspection machines market include:

Quality Assurance: In industries like pharmaceuticals and food, ensuring product quality and safety is paramount.

Increasing Automation: The demand for automation and Industry 4.0 initiatives has led to the adoption of advanced inspection machines that can perform tasks such as visual inspection, measurements, and data analysis with high precision and speed.

Regulatory Compliance: Stringent regulations and standards in various industries require companies to invest in inspection equipment to meet compliance requirements and avoid penalties.

Product Variability: As products become more complex and diverse, inspection machines need to adapt to handle various shapes, sizes, and materials.

Cost Reduction: Inspection machines can help companies reduce production costs by minimizing defects, waste, and rework.

Emerging Technologies: Innovations in machine vision, artificial intelligence (AI), and robotics have led to the development of more advanced and efficient inspection systems.

Globalization of Supply Chains: As supply chains become more global, the need for consistent quality control and inspection across multiple locations increases.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=81453085

Key Market Players

Thermo Fisher Scientific (US), Robert Bosch GmbH (Germany), OPTEL Group (Canada), Körber AG (Germany), Cognex Corporation (US), METTLER TOLEDO International Inc. (US), Teledyne Technologies Incorporated (US), ACG Group (India), OMRON Corporation (Japan), Antares Vision S.p.A. (Italy), Brevetti CEA SpA (Italy), Jekson Vision Private Limited (India), Mitsubishi Chemical Holdings Corporation (Japan), Shanghai Tofflon Science and Technology Co. Ltd. (China), Systech International (US), LOMA Systems (UK), Laetus GmbH (Germany), VITRONIC (Germany), WIPOTEC-OCS GmbH (Germany), SEA Vision S.r.l. (Italy), Proditec (France), Iris inspection machines (France), CMP Pharma SRL (Italy), General Inspection (US), and Minebea Intec GmBh.(Germany).

Robert Bosch GmbH held the leading position in the inspection machines market. Bosch Packaging Technology, a wholly owned subsidiary of Robert Bosch, provides inspection machines for the healthcare industry. The company offers a broad range of inspection machines.

Körber AG held the second position in the inspection machines market in 2021. The company’s wholly owned subsidiary Körber Medipak Systems AG (Switzerland), is engaged in providing software, materials, machines, and technologies to the pharmaceutical and biotech industry.

During the forecast period Asia Pacific is expected to account for the highest CAGR in the inspection machines market

During the forecast period 2022-2027, the Asia Pacific inspection machines market is expected to grow at the highest CAGR. Factors such as the significant economic development in emerging markets such as China and India, growth in the inspection machine market in Asia pacific region is expected to drive the growth of this market during the forecast period.

Inspection Machines Market Dynamics:

Drivers:

·         Growing mandates to maintain GMP compliance

·         Increasing pharmaceutical & biotechnology R&D expenditure

·         Growing product recalls

·         Increasing inspection checkpoints throughout production

·         Growth in medical devices industry

Restraints:

·         Growing demand for refurbished equipment due to high cost of inspection machines

·         Lack of access in emerging markets

Opportunities:

·         Technological advancements

·         Rising outsourcing of manufacturing operations to emerging economies

Challenges:

·         Complexities in integrating inspection machines

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=81453085

About MarketsandMarkets™

 

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

 

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

 

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

 

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

 

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

 

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

 

Contact:

Mr. Aashish Mehra

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: +1-888-600-6441

Email: [email protected]

Similar Posts