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:
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.
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.
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