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Global Inspection Machine Market- WishTree Insight

Global Inspection Machine Market -Market Size, Share & Industry Trends, Growth Analysis Report by Product Type, By Consumption and Forecast 2022 – 2032

  • Report ID: 10169

  • No. Of Pages: 150

  • Pub. Date: 2023-03-10

Global Inspection Machine Market by Product-Based (X-ray Inspection Systems, Metal Detectors, Vision Inspection Systems, and Others), Type (Manual and Automatic), Packaging (Vials, Ampoules, Bottles, Blisters), End-User (Pharmaceuticals & Biotechnology Companies, Food Processing & Packaging Companies, and Medical Devices Manufacturers), and Regions, (APAC, Europe, North America, and LAMEA) - Global Industry Analysis, Share, Growth, Trends, Size, and Forecast 2022 – 2032

The Inspection Machine market size was valued at USD 354 billion in 2022 and is expected to surpass USD 536 billion by 2032, expanding at a CAGR of 5.9 % during the forecast period, 2022–2032. The market's growth is attributed to technological advancement such as the implementation of AI-based solutions in product inspection machines for various industries.

INTRODUCTION

Inspection machine is a device used to examine and evaluate products or materials to ensure they meet certain quality standards. Inspection machines can be used in various industries, such as pharmaceuticals, food and beverage, packaging, and manufacturing.

Inspection machines use different techniques such as visual inspection, x-ray inspection, metal detection, and weight inspection to check for defects, contaminants, and other issues that may compromise the quality of the product or material. The inspection results can be used to identify and remove any defective or non-conforming products from the production line, reducing waste and improving overall quality.

There are various types of inspection machines available, including

  • Vision inspection machines: which use cameras and image analysis software to inspect products for defects, such as scratches, dents, and discoloration.
  • X-ray inspection machines: use X-ray technology to detect contaminants, such as metal, glass, or bone, in food products and pharmaceuticals.
  • Metal detection machines: use magnetic fields to detect metal contaminants in food products and other materials.
  • Checkweighers: use weight sensors to ensure that products meet the specified weight requirements.

Overall, inspection machines are essential tools for ensuring product quality and safety, reducing waste and costs, and maintaining customer satisfaction.

Market Trends, Drivers, Restraints, and Opportunities

  • Increasing stringency towards the maintenance of GMP is expected to propel the market growth
  • Growing usage of automated inspection systems by key market players in biotech industries and pharma industries is anticipated to boost the market.
  • Growing consumer dissatisfaction resulting in product failures and recalling is expected to augment the market.
  • Increment in checkpoints in manufacturing is expected to drive the market.
  • Demand for refurbished instruments is a restraining factor hampering the market growth.

Scope of the Report

Attributes

Details

Report Title Global Inspection Machine Market
Base Year 2022
Historic Data 2021–2022
Forecast Period 2022–2032
Segmentation Product-Based (X-ray Inspection Systems, Metal Detectors, Vision Inspection Systems, and Others), Type (Manual and Automatic), Packaging (Vials, Ampoules, Bottles, Blisters), End-User (Pharmaceuticals & Biotechnology Companies, Food Processing & Packaging Companies, and Medical Devices Manufacturers)
Regional Scope APAC, Europe, North America, and LAMEA
Key Players Covered in the Report Thermo Fisher Scientific Inc.; General Inspection LLC; OMRON Corporation; Cognex Corporation; Minebea Intec GmbH

Market Segment Insights

The vision inspection system segment holds the largest share

Based on Product-Based, the inspection machine market is divided into X-ray Inspection Systems, Metal Detectors, Vision Inspection Systems, and Others. The vision inspection system segment holds the largest share and is expected to continue to boost the market during the forecast period.

The automatic segment is expected to register a considerable CAGR of 5.5%

Based on Type, the inspection machine market is bifurcated into manual and automatic. The automatic segment is expected to register a considerable CAGR of 6.1% during the forecast period.

The ampoules segment is projected to register the highest CAGR of 6.1%

On the basis of packaging, the inspection machine market is segregated into vials, ampoules, bottles, and blisters. The ampoules segment is projected to register the highest CAGR of 6.1%during the forecast period.

The pharmaceutical & biotechnology segment is projected to grow at a rapid pace

Based on end-user, the inspection machine market is divided into pharmaceuticals & biotechnology companies, food processing & packaging companies, and medical devices manufacturers. The pharmaceutical & biotechnology segment is expected to expand rapidly during the forecast period.

North America held the largest market share

In terms of regions, the inspection machine market is classified as APAC, Europe, North America, and LAMEA. The market of North America held the largest market share and is expected to continue a key share of the market during the projected period owing to the usage of inspection machines among consumers, the rising number of innovative product launches, and the increasing number of online retailers.

Competitive Landscape

Key players competing in the inspection machine market are Thermo Fisher Scientific Inc.; General Inspection LLC; OMRON Corporation; Cognex Corporation; Minebea Intec GmbH.

FAQs

How much is the market worth?

The Inspection Machine market size was valued at USD 354 billion in 2022 and is expected to surpass USD 536 billion by 2032.

During the forecast period, what is the CAGR of the market?

During the forecast period, the CAGR of the market is expected to be 5.9%.

What are the key drivers of the market?

The market's growth is attributed to technological advancement such as the implementation of AI-based solutions in product inspection machines for various industries.

What segments are covered in the Inspection Machine report?

The segments covered in the report are product-based (x-ray inspection systems, metal detectors, vision inspection systems, and others), type (manual and automatic), packaging (vials, ampoules, bottles, blisters), end-user (pharmaceuticals & biotechnology companies, food processing & packaging companies, and medical devices manufacturers).

Mention the key players in the market.

Thermo Fisher Scientific Inc.; General Inspection LLC; OMRON Corporation; Cognex Corporation; Minebea Intec GmbH

1 INTRODUCTION TO THE GLOBAL INSPECTION MACHINE MARKET

1.1 Overview of the Market

1.2 Scope of Report

1.3 Assumptions

2 EXECUTIVE SUMMARY

3 RESEARCH METHODOLOGY OF WISH TREE INSIGHTS

3.1 Data Mining

3.2 Validation

3.3 Primary Interviews

3.4 List of Data Sources

4 GLOBAL INSPECTION MACHINE MARKET OUTLOOK

4.1 Overview

4.2 Market Dynamics

4.2.1 Drivers

4.2.2 Restraints

4.2.3 Opportunities

4.3 Value Chain Analysis

5 GLOBAL INSPECTION MACHINE MARKET, BY PRODUCT-BASED

5.1 Overview

5.2 X-ray Inspection Systems

5.3 Metal Detectors

5.4 Vision Inspection Systems

5.5 Others

6 GLOBAL INSPECTION MACHINE MARKET, BY TYPE

6.1 Overview

6.2 Manual

6.3 Automatic

7 GLOBAL INSPECTION MACHINE MARKET, BY PACKAGING

7.1 Overview

7.2 Vials

7.3 Ampoules

7.4 Bottles

7.5 Blisters

8 GLOBAL INSPECTION MACHINE MARKET, BY END-USER

8.1 Overview

8.2 Pharmaceuticals & Biotechnology Companies

8.3 Food Processing & Packaging Companies

8.4 Medical Devices Manufacturers

9 GLOBAL INSPECTION MACHINE MARKET, BY GEOGRAPHY

9.1 Overview

9.2 North America

9.2.1 U.S.

9.2.2 Canada

9.2.3 Mexico

9.3 Europe

9.3.1 Germany

9.3.2 U.K.

9.3.3 France

9.3.4 Rest of Europe

9.4 APAC

9.4.1 China

9.4.2 Japan

9.4.3 India

9.4.4 Rest of Asia Pacific

9.5 Rest of the World (LAMEA)

9.5.1 Latin America

9.5.2 The Middle East & Africa

10 INSPECTION MACHINE COMPETITIVE LANDSCAPE

10.1 Overview

10.2 Company Market Ranking

10.3 Key Development Strategies

11 COMPANY PROFILES

11.1 Thermo Fisher Scientific Inc.

11.1.1 Overview

11.1.2 Financial Performance

11.1.3 Product Outlook

11.1.4 Key Developments

11.2 General Inspection LLC

11.2.1 Overview

11.2.2 Financial Performance

11.2.3 Product Outlook

11.2.4 Key Developments

11.3 OMRON Corporation

11.3.1 Overview

11.3.2 Financial Performance

11.3.3 Product Outlook

11.3.4 Key Developments

11.4 Cognex Corporation

11.4.1 Overview

11.4.2 Financial Performance

11.4.3 Product Outlook

11.4.4 Key Developments

11.5 Minebea Intec GmbH

11.5.1 Overview

11.5.2 Financial Performance

11.5.3 Product Outlook

11.5.4 Key Developments

Segments Covered in the Report

Product-Based

  • X-ray Inspection Systems
  • Metal Detectors
  • Vision Inspection Systems
  • Others

Type

  • Manual
  • Automatic

Packaging

  • Vials
  • Ampoules
  • Bottles
  • Blisters

End-User

  • Pharmaceuticals & Biotechnology Companies
  • Food Processing & Packaging Companies
  • Medical Devices Manufacturers

Regions

  • APAC
  • Europe
  • North America
  • LAMEA

Key Players

  • Thermo Fisher Scientific Inc.
  • General Inspection LLC
  • OMRON Corporation
  • Cognex Corporation
  • Minebea Intec GmbH

WishTree Insights uses recent research tools and provides accurate data to the clients. Our expert team delivers the perfect research report that generates revenue and recommendations.

By using the Bottom-Up and Top-Down methods we carry out extensive research. Our focus is on the following parameters:

  • Market drivers, opportunities, and restraints.
  • Raw material, supply, and economic estimate.
  • Current and expected estimations up to 2031

Our expertise uses primary research with Key for validating the market forecasts:

  • Established market players
  • Distributors
  • End Users

WishTree Database

Primary research

Secondary research

  • Manufacturers
  • Case Study
  • Distributors
  • Company reports and publications
  • Consumer Survey
  • Government publications
  • End-User survey
  • Economic and demographic data
 
  • Customer Reference

Industry Analysis

Qualitative analysis

Quantitative analysis

  • Industry landscape and trends
  • Market revenue estimates and forecast up to 2031
  • Technology landscape
  • Market revenue estimates and forecasts up to 2031, by technology
  • Market dynamics and key issues
  • Market revenue estimates and forecasts up to 2031, by application
  • Market opportunities
  • Market revenue estimates and forecasts up to 2031, by type
  • Policy and regulatory scenario
 
  • Competitive landscape
 

Our Plans

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  • Breaking Down Competitive Landscape as per Your Requirements

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