Global Inspection Machine Market- WishTree Insight

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

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