Latin America Surface Vision And Inspection Market Size & Outlook
Latin America surface vision and inspection market, 2015-2030 (US$M)
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Latin America surface vision and inspection market highlights
- The Latin America surface vision and inspection market generated a revenue of USD 262.8 million in 2022.
- The market is expected to grow at a CAGR of 7.9% from 2023 to 2030.
- In terms of segment, hardware was the largest revenue generating component in 2022.
- Software is the most lucrative component segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 262.8 million |
| Market revenue in 2030 | USD 483.0 million |
| Growth rate | 7.9% (CAGR from 2022 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Software |
| 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, Latin America region accounted for 10.4% 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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Latin America 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 80.18% in 2022. Horizon Databook has segmented the Latin America surface vision and inspection market based on hardware, software covering the revenue growth of each sub-segment from 2015 to 2030.
Increasing interest in improving production efficiencies, enhancing product quality along with mounting competitive and pricing pressures has driven the growth of techniques. Technology advancements in camera systems are also expected to fuel the market growth. Growing application of techniques with stringent regulations is anticipated to provide growth opportunities in automotive and healthcare/pharmaceutical sector of region.
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Target buyers of Latin America 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 Latin America surface vision and inspection market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America surface vision and inspection market from 2015 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America surface vision and inspection market size, by country, 2015-2030 (US$M)
Latin America Surface Vision And Inspection Market Outlook Share, 2022 & 2030 (US$M)
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