Europe Surface Vision And Inspection Market Size & Outlook
Europe surface vision and inspection market, 2015-2030 (US$M)
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Europe surface vision and inspection market highlights
- The Europe surface vision and inspection market generated a revenue of USD 705.2 million in 2022.
- The market is expected to grow at a CAGR of 7.2% from 2023 to 2030.
- In terms of segment, hardware was the largest revenue generating component in 2022.
- Hardware is the most lucrative component segment registering the fastest growth during the forecast period.
- Country-wise, Germany is expected to register the highest CAGR from 2023 to 2030.
Europe data book summary
| Market revenue in 2022 | USD 705.2 million |
| Market revenue in 2030 | USD 1,229.3 million |
| Growth rate | 7.2% (CAGR from 2022 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Hardware |
| Historical data covered | 2015 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software |
| Key market players worldwide | Cognex Corp, Edmund Optics, Industrial Vision Systems, Microscan Systems, Matrox Imaging, OMRON Corp, Baumer, Adept Technology Group, 6sense, Voltronic Power Technology |
Other key industry trends
- In terms of revenue, Europe region accounted for 27.9% of the global surface vision and inspection market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 936.2 million by 2030.
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Surface Vision And Inspection Market Scope
Surface Vision And Inspection Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe surface vision and inspection market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to surface vision and inspection market will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 83.44% in 2022. Horizon Databook has segmented the Europe surface vision and inspection market based on hardware, software covering the revenue growth of each sub-segment from 2015 to 2030.
The increasing adoption of automation in manufacturing simple products to complex is anticipated to drive market share. The growing core technology such as image sensors from software to solutions in various applications is expected to fuel the market.
Additionally, domestic use of vision and inspection equipment in the factories is also expected to contribute in the market growth. Strong demand in non-industrial and manufacturing application fields are also anticipated to contribute in growth.
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Target buyers of Europe surface vision and inspection market databook
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Our clientele includes a mix of surface vision and inspection market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Europe surface vision and inspection market , including forecasts for subscribers. This continent databook contains high-level insights into Europe surface vision and inspection market from 2015 to 2030, including revenue numbers, major trends, and company profiles.
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Europe surface vision and inspection market size, by country, 2015-2030 (US$M)
Europe Surface Vision And Inspection Market Outlook Share, 2022 & 2030 (US$M)
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