Global Surface Vision and Inspection Market Expected to Reach USD 30.2 Billion by 2019
ALBANY, NY – According to a new market report published by Transparency Market Research "Surface Vision and Inspection Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019," the global market is expected to reach a value of USD 2.31 billion by 2019, at a CAGR of 8.9% from 2013 to 2019.
Due to increasing need of improving manufacturing production capacity and growing demand for international quality products from consumers, the demand for these systems is rising globally. In addition, shortage of skilled workers, increasing wages and manufacturing errors increases economic burdens on manufacturers. Owing to these, the global manufacturers are seeking for automated process utilization and quality management solutions to improve their sustainability in competitive environments. It also drastically reduces manufacturing errors and helps manufacturer to maintain consistent quality of product. In addition, it reduces production wastage and number of labors required in case of manual inspection. These are some factors which are expected to increase the demand of this market.