South Africa Surface Vision And Inspection Market Size & Outlook
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South Africa surface vision and inspection market highlights
- The South Africa surface vision and inspection market generated a revenue of USD 46.3 million in 2023 and is expected to reach USD 85.5 million by 2030.
- The South Africa market is expected to grow at a CAGR of 9.5% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating component in 2023.
- Software is the most lucrative component segment registering the fastest growth during the forecast period.
Surface vision and inspection market data book summary
| Market revenue in 2023 | USD 46.3 million |
| Market revenue in 2030 | USD 85.5 million |
| Growth rate | 9.5% (CAGR from 2024 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Software |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 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, South Africa accounted for 1.1% of the global surface vision and inspection market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, UAE surface vision and inspection market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 85.5 million by 2030.
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Surface Vision And Inspection Market Scope
Surface Vision And Inspection Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Voltronic Power Technology | View profile | 101-250 | Neihu, T'ai-wan, Taiwan, Asia | http://voltronicpower.com/ |
| 6sense | View profile | 501-1000 | San Francisco, California, United States, North America | http://www.6sense.com |
| Adept Technology Group | View profile | 251-500 | Tunbridge Wells, Kent, United Kingdom, Europe | https://www.adept.co.uk/ |
| Baumer | View profile | 101-250 | Konstanz, Baden-Wurttemberg, Germany, Europe | http://www.baumerinspection.com |
| Matrox Imaging | View profile | - | Dorval, Quebec, Canada, North America | https://www.matrox.com/en/imaging |
| Microscan Systems | View profile | 51-100 | Renton, Washington, United States, North America | http://www.microscan.com |
| Industrial Vision Systems | View profile | 11-50 | Didcot, Oxfordshire, United Kingdom, Europe | https://www.industrialvision.co.uk |
| Edmund Optics | View profile | 501-1000 | Barrington, New Jersey, United States, North America | http://www.edmundoptics.com/ |
| Cognex Corp | View profile | 2992 | One Vision Drive, Natick, MA, United States, 01760-2059 | https://www.cognex.com |
| OMRON Corp | View profile | 28034 | Shiokoji Horikawa, Shimogyo-ku, Kyoto, Japan, 600-8530 | http://www.omron.co.jp |
South Africa 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 77.11% in 2023. Horizon Databook has segmented the South Africa surface vision and inspection market based on hardware, software covering the revenue growth of each sub-segment from 2018 to 2030.
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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 country-level data and insights on the South Africa surface vision and inspection market , including forecasts for subscribers. This country databook contains high-level insights into South Africa surface vision and inspection market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
South Africa surface vision and inspection market size, by component, 2018-2030 (US$M)
South Africa Surface Vision And Inspection Market Outlook Share, 2023 & 2030 (US$M)
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