A CAGR of 5.1% is expected for the global Inspection Machines Market due to the growing demand during the forecast period. It is anticipated to be appraised at USD 1,053.5 million by 2032, up from USD 643.1 million in 2022.
There has been a rising number of inspection checkpoints throughout the production line. This is likely to drive the sales of inspection machines.
Although, integrating inspection equipment into the manufacturing and packing line is difficult due to the complexity of the machines and various end-user requirements. Conversely, increasing investments in biotech and pharma research and development (R&D) activities are anticipated to generate remunerative opportunities for the market.
| Attributes | Details |
|---|---|
| Inspection Machines Market Size (2022) | USD 643.1 million |
| Inspection Machines Market Size (2032) | USD 1,053.5 million |
| Inspection Machines Market CAGR | 5.1% |
Various research studies, as well as product development and launches, are expected to surge the growth of the inspection machines market trends. A new VT-X750-V3 system, which is considered to be the fastest CT-type X-ray inspection device, was released by OMRON Corporation in 2021. Other market players launched X-ray technologies OEM product range for industrial and pre-clinical X-ray imaging systems.
A new concept for a non-destructive testing device using a novel carbon nanotube (CNT) based miniature X-ray tube has been proposed, according to a research study published titled, Development of a high-resolution X-ray inspection system using a carbon nanotube-based miniature x-ray tube.
Such advancement is estimated to increase the adoption of inspection machines since they can be used for small-scale internal inspection of objects.
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Product recalls have been increasing due to unearthed issues such as when it is defective or a risk to health or both. Moreover, rising regulatory compliance with good manufacturing practices (GMP) is owing to the presence of major governmental and non-governmental authorities that inspect the final products deployed in the market by manufacturers. These factors are major drivers expected to drive the demand for inspection machines.
In the pharmaceutical sector, regulatory agencies such as the Food and Drug Administration (FDA), European Medicines Agency, and the Pharmaceuticals and Medical Devices Agency carefully monitor the compliance of manufacturers with Current Good Manufacturing Practice (CGMP) regulations to ensure the quality of drugs and medical devices. These regulations are important as they ensure product safety, and the claims of ingredients provided are verifiable.
The role of CROs and CMOs in manufacturing and packaging has increased owing to the possibility of reducing timeframes while offering external validation and expertise. This is because contract manufacturers have specialized teams that can grasp client quality standards and are a valuable resource for OEMs. This factor is likely to accelerate the growth of the inspection machines' market share.
Developing markets have witnessed a prevalence of unorganized healthcare systems. This is because the lack of adequate infrastructure and poverty limit the expansion of the industry. Additionally, there has been an increase in the demand for refurbished machines, although these machines are expensive. These factors are expected to hinder the global market growth.
On the contrary, businesses in developed economies such as the USA and Europe are expected to leverage the lower labor costs and less-stringent government regulations in countries such as China, South Korea, Taiwan, and India by increasingly outsourcing their manufacturing and packaging operations to these countries. This factor is likely to create lucrative opportunities for the inspection machines' market share.
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North America is the leading inspection machine market, with a revenue of 23.5%. This is attributed to the various research that has been conducted on the importance of the inspection of devices during manufacturing.
Good manufacturing practices must be inherently built into manufacturing processes, as they cannot be tested on individual batches of products. Hence, the inspection machines market growth is expected to surge owing to such research to emphasize the importance of GMP.
Key market players such as Cognex Corporation are introducing systems such as the In-Sight 3D-L4000 embedded vision system. It allows engineers to quickly, accurately, and cost-effectively solve a range of inspections on automated production lines through the implementation of 3D laser displacement technology.
Start-up companies are using advanced technology, such as AI-based solutions implemented in product inspection machines for various industries. This is expected to expand the inspection machines market size.
Field Data Intelligence (Inspections) - It offers an AI-based solution for field inspection. It helps clients in capturing, detecting & locating work site issues & creating instant inspection reports using a project-specific app and visual machine learning. The application accepts the data in GeoTIFF, MBTiles, or non-georeferenced PDF and image files (PNG, JPEG, etc.).
Inspekto - It is a provider of an autonomous machine vision system for visual quality inspection, gating, and sorting. Its product offerings include Inspekto S70 autonomous machine vision system and Plug and Inspect integrator-less technology merging computer vision, deep learning, and real-time software optimization. It eliminates the time-consuming and dependent stage of data collection, annotation, feature selection, and solution development.
SUALAB - It provides AI-based machine inspection solutions for various manufacturing industries. It caters to industries such as electronics, automotive, chemical, and food & beverages. Its product offerings include SuaKIT, which is a deep-learning machine vision inspection software. Its functions include segmentation, classification, detection, single-image analysis, image comparison, multi-image analysis, and one-class learning. Samsung, LG, Hanwha, Posco, and KAC are part of its clientele.
Zentron Labs - It is a provider of computer vision-based visual inspection systems. Its features include the integration of industrial cameras with computer vision algorithms, dimensioning, offline measurements for sample inspection, reporting, and a web-based AR app. It caters to multiple sectors like agriculture, manufacturing, e-commerce, metal forming, and the Hi-Tech industries.
Landing.AI - It is a provider of an AI-based platform for identifying defects. The product offers visual defect detection, adaptive manufacturing, automated quality control, and predictive maintenance. The features of the product include an end-to-end visual inspection platform designed to manage data, accelerate troubleshooting, and scale deployment.
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The inspection machines market share is expected to increase as manufacturers are looking to expand their production and presence in the market, through various collaborations and product launches. Furthermore, the industry is becoming highly competitive amongst market players in terms of product variation and pricing.
Some of the recent developments in the inspection machines market are:
Brevetti C.E.A. Spa - The company is 100% focused on the design and production of inspection machines for injectable pharmaceutical products. Since the 1950’s we have been committed to supporting companies around the world in order to guarantee the use of safer medicines for patient health.
Bosch Packaging Technology - It is now an independent enterprise at the company headquarters in Waiblingen, Germany. Syntegon Technology's business focus is on intelligent and sustainable technologies for the pharmaceutical and food industries.
Iris Inspection Machines - The company designs, develops, and manufactures intelligent inspection solutions for glass containers. They offer precise and innovative inspection machines with reduced dependence on human factors for increased productivity, quality, and efficiency. They master the entire production of machines from idea and concept to the production of CPU boards and on-site installation.
CMP PHAR. MA S.R.L. - The company produces inspection machines for ampoules vials of injectables pharmacy products, to scan defects cracks pinholes, and black spots.
A.H. Industries - They are experts in the machining of steel and metal components. They are specialists in the assembly and sourcing of large mechanical units and the refurbishment of drivetrains and gear systems.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 5.1% from 2022 to 2032 |
| The base year for estimation | 2021 |
| Historical data | 2017 to 2021 |
| Forecast period | 2022 to 2032 |
| Quantitative units | Revenue in USD million and CAGR from 2022 to 2032 |
| Report coverage | Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis, |
| Segments covered | Packaging Type, Machines, End User, and Region. |
| Regional scope | North America; Western Europe; Eastern Europe; Middle East; Africa; ASEAN; South Asia; Rest of Asia; Australia; and New Zealand |
| Country scope | The USA, Canada, Mexico, Germany, The United Kingdom; France, Italy, Spain, Russia, Belgium, Poland, Czech Republic, China, India, Japan, Australia, Brazil, Argentina, Colombia, Saudi Arabia, UAE, Iran, South Africa |
| Key companies profiled | Brevetti C.E.A. Spa; Bosch Packaging Technology; Iris Inspection Machines; CMP PHAR.MA S.R.L.; A.H. Industries; Tofflon Science and Technology Co. Ltd.; Proditec Automatic Inspection Machines; ANTARES VISION S.r.l.; Brevetti C.E.A. SPA; Mettler-Toledo International Inc.; Cognex Corporation; Körber Medipak Systems AG. |
| Customization scope | Free report customization (equivalent to up to 8 analysts' working days) with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. |
Demand for inspection machines is likely to accelerate at a CAGR of 5.1%, through 2032.
Increasing investments on bio-tech and pharma research and development (R&D) activities.
The adoption potential of inspection machines is likely to reach a valuation of USD 643.1 million in 2022.
1. Executive Summary | Inspection Machines Market 2. Market Overview 3. Market Background 4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Packaging Type 5.1. Blisters 5.2. Ampoules 5.3. Syringes 5.4. Vials 5.5. Others 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By End-Use 6.1. Pharmaceuticals 6.2. Medical Devices 6.3. Others 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Machines 7.1. Color Sorters 7.2. Checkweighers 7.3. Metal Detectors 8. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. Asia Pacific 8.5. Middle East and Africa (MEA) 9. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 10. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12. Asia Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13. MEA Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 14. Key Countries Market Analysis 15. Market Structure Analysis 16. Competition Analysis 16.1. Brevetti C.E.A. Spa 16.2. Bosch Packaging Technology 16.3. Iris Inspection Machines 16.4. CMP PHAR.MA S.R.L. 16.5. A.H. Industries 16.6. Tofflon Science and Technology Co.Ltd 16.7. Proditec Automatic Inspection Machines 16.8. ANTARES VISION S.r.l. 16.9. Brevetti C.E.A. SPA 16.10. Mettler-Toledo International Inc 16.11. Cognex Corporation 16.12. Korber Medipak Systems AG 16.13. Korber AG 17. Assumptions & Acronyms Used 18. Research Methodology
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Inspection Machines Market
