for Quality Assurance & Inspection Segment Will Witness Sustainable Growth by 2024
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Their business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key such as chemicals, advanced materials, technology, , and biotechnology.
On Apr 05, 2019 (Herald keeper via COMTEX) -- Global Market Insights, Inc. added research on is a detailed analysis of this business domain inclusive of the trends, competitive landscape, and the market size. Encompassing one or more parameters among product analysis, application potential, and the regional growth landscape, a market also includes an in-depth study of the industry's competitive scenario.
Based on application, the can be classified into identification, measurement, positioning & guidance, and quality assurance & inspection. The quality assurance & inspection segment will witness growth owing to the increasing demand for high-quality products in less amount of time. Utilization of enhances the process by identifying problems in a short span of time. In addition, the rising requirement of to reduce operational costs and improve the response time is contributing to the industry demand.
By end-use, the can be categorized into solar panel manufacturing, machinery, glass, pharmaceuticals, rubber & plastics, food & packaging, wood & paper, metals, , & semiconductor, consumer , and automotive. Food & packaging involves a range of processes that include sharing, sorting, grading, processing, quality checking, and packaging. These processes require technology for the smooth operation of the manufacturing process. Stringent government regulations pertaining to the quality of food products are further fueling the acceptance of the technology in the food & packaging sector.
Increasing government initiatives to encourage the growth of smart are propelling the <. Governments across various emerging economies are investing in the development of smart manufacturing techniques to support the industrial sector. For instance, the government of China's Made in China 2025 policy for the integration of digital technologies and industrialization is providing an impetus to the .
Unpredictable end-user demands pertaining to industrial applications are major factors restricting the <. The requirement of the type of technology changes depending on the manufacturing industry under consideration. These changing requirements require enhanced software algorithms for inspection or manufacturing procedures. Furthermore, the lack of flexible solutions coupled with increasing complexities of integrating solutions poses significant challenges to the .
Asia Pacific industrial machine vision market is predicted to witness significant growth over the forecast timespan. The growth can be accredited to the increasing number of industries in emerging economies including China, India, Japan, and South Korea. An increase in the demand for consumer products in China is providing growth opportunities to the . The growing trend of the drift toward 3D-based industrial systems is expected to propel the regional .
Key players operating in the include Omron Corporation, Teledyne Technologies, Keyence Corporation, MVTec Software GmbH, National Instruments, Texas Instruments, Baumer Optronic, Qualitas Technologies, Sick AG, and ISRA Vision AG.
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