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Global Virtual Inspection Market 2016-2020

About Virtual Inspection

Virtual inspection technologies represent a low-cost strategy that helps manufacturers achieve operational efficiency. Machine vision uses video cameras, analog-to-digital conversion, and digital signal processing technologies for application in surface defect detection, surface auto-vision, and AUVs. Keeping in view the evolution of technologies, we expect virtual inspection technologies to extend their service horizon in housing inspection, as well as drone-driven business areas such as logistics.

Technavio’s analysts forecast the global virtual inspection market to grow at a CAGR of 9.7% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global virtual inspection market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of surface inspection solutions consisting of surface inspection software, hardware, surface vision and inspection (CVIC), and optics and other devices.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Virtual Inspection Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • AMETEK
  • Omron
  • Panasonic
  • Toshiba
Other prominent vendors
  • BST Eltromat International
  • Edmund Optics
  • Elbit Vision Systems
  • Electron Scientific industries
  • EPIC Systems
  • IMS Systems
  • ISRA Vision
  • Jenoptik
  • Konica Minolta
  • Matrox Imaging
  • Microscan Systems
  • Verisk Analytics
Market driver
  • Rise in production of passenger cars
  • For a full, detailed list, view our report
Market challenge
  • Limited vendor base
  • For a full, detailed list, view our report
Market trend
  • Growing use of high-end cameras for virtual inspection equipment
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Virtual Inspection Market 2016-2020

Technavio recognizes the following companies as the key players in the Global Virtual Inspection Market: AMETEK, Omron, Panasonic and Toshiba.

Other Prominent Vendors in the market are: BST Eltromat International, Edmund Optics, Elbit Vision Systems, Electron Scientific industries, EPIC Systems, IMS Systems, ISRA Vision, Jenoptik, Konica Minolta, Matrox Imaging, Microscan Systems and Verisk Analytics.

Commenting on the report, an analyst from Technavio’s team said: “Growing use of high-end cameras for virtual inspection equipment is one of the major trends in the market. Integrating smart cameras with processing resources allows the system to facilitate efficient inspection of materials and the accurate detection of defects. Materials inspected can include metallized plastic films, fiberglass, synthetic paper, coated nonwovens, woven textiles, and glass. Most of the advanced robotic analysis tasks involve the virtual inspection of products through drones.”

According to the report, the automotive industry is one of the fastest growing industries, contributing a major portion to the global virtual inspection market. Virtual inspection helps minimize production losses, lowers the requirement for trained staff, and reduces the chances of reworking. The use of the technology provides 24/7 support for fatigue-free functioning and so, manufacturing and assembly line plants implement this technology to ensure consistent quality.

Further, the report states that virtual inspection is a niche technology and only a few vendors offer bundled products at reasonable prices. This creates a vendor lock-in situation for companies, making them dependent on vendors to achieve business scalability or to troubleshoot product-related issues.

Companies Mentioned

AMETEK, Omron, Panasonic, Toshiba, BST Eltromat International, Edmund Optics, Elbit Vision Systems, Electron Scientific industries, EPIC Systems, IMS Systems, ISRA Vision, Jenoptik, Konica Minolta, Matrox Imaging, Microscan Systems, Verisk Analytics.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Industry overview
    • Market size and forecast
      • Table Global virtual inspection market ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market Segmentation by application
    • Segmentation of global virtual application market
      • Table Segmentation of global virtual application market
  • Market segmentation by end-user
    • Market segmentation of global virtual inspection market by end-users
      • Table Segmentation of global virtual inspection market 2015
  • Geographical segmentation
    • Geographical segmentation of global virtual inspection market
      • Table Geographical segmentation of global virtual inspection market 2015
    • Americas
      • Table Virtual inspection market in Americas ($ millions)
    • APAC
      • Table Virtual inspection market in APAC ($ millions)
    • EMEA
      • Table Virtual inspection market in EMEA ($ millions)
  • Market drivers
    • Table Global production of number of car passengers (thousands of units)
    • Table On-board diagnosis through virtual inspection
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
  • Vendor landscape
    • Competitive analysis
    • Other prominent vendors
  • Key vendor analysis
    • Ametek
      • Table Ametek: Business segmentation by revenue 2014
      • Table Ametek: Business segmentation by revenue 2013 and 2014 ($ billions)
      • Table Ametek: Geographical segmentation by revenue 2014
    • Omron
      • Table Omron: Business segmentation by revenue 2015
      • Table Omron: Business segmentation by revenue 2014 and 2015
      • Table Omron: Geographical segmentation by revenue 2015
    • Panasonic
      • Table Panasonic: Business segmentation by revenue 2015
      • Table Panasonic: Business segmentation by revenue 2014 and 2015 ($ billions)
      • Table Panasonic: Geographical segmentation by revenue 2015
      • Table Panasonic: Revenue by end-user segment ($ billions)
  • Toshiba
    • Table Toshiba: Business segmentation by revenue 2014
    • Table Toshiba: Business segmentation by revenue 2013 and 2014 ($ billions)
    • Table Toshiba: Geographical segmentation by revenue 2014
  • Appendix
    • List of abbreviations
  • Explore Technavio

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