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Inspection Machines - Global Market Trajectory & Analytics

  • ID: 4805471
  • Report
  • April 2021
  • Region: Global
  • 483 Pages
  • Global Industry Analysts, Inc
Global Inspection Machines Market to Reach $482.1 Million by 2027

Amid the COVID-19 crisis, the global market for Inspection Machines estimated at US$347.9 Million in the year 2020, is projected to reach a revised size of US$482.1 Million by 2027, growing at a CAGR of 4.8% over the analysis period 2020-2027. Fully Automated, one of the segments analyzed in the report, is projected to record a 5.3% CAGR and reach US$147.6 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Semi-Automated segment is readjusted to a revised 4.7% CAGR for the next 7-year period.

The U.S. Market is Estimated at $94.3 Million, While China is Forecast to Grow at 7.4% CAGR

The Inspection Machines market in the U.S. is estimated at US$94.3 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$98.6 Million by the year 2027 trailing a CAGR of 7.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.6% and 4.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.9% CAGR.

Manual Segment to Record 4.4% CAGR

In the global Manual segment, USA, Canada, Japan, China and Europe will drive the 4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$83.3 Million in the year 2020 will reach a projected size of US$109.5 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$64 Million by the year 2027, while Latin America will expand at a 5.4% CAGR through the analysis period.

Select Competitors (Total 42 Featured):
  • Brevetti C.E.A. Spa
  • Cognex Corporation
  • Korber AG
  • Mettler-Toledo International, Inc.
  • Mitsubishi Chemical Holdings Corporation
  • Omron Corporation
  • Robert Bosch GmbH
  • Sartorius AG
  • Teledyne Technologies Inc.
  • Thermo Fisher Scientific, Inc.
Frequently Asked Questions about the Global Market for Inspection Machines

What is the estimated value of the Global Market for Inspection Machines?

The Global Market for Inspection Machines was estimated to be valued at $347.9 Million in 2020.

What is the growth rate of the Global Market for Inspection Machines?

The growth rate of the Global Market for Inspection Machines is 4.8%, with an estimated value of $482.1 Million by 2027.

What is the forecasted size of the Global Market for Inspection Machines?

The Global Market for Inspection Machines is estimated to be worth $482.1 Million by 2027.

  • Influencer Market Insights
  • World Market Trajectories
  • Inspection Machines Market: Ensuring Quality Control in Pharmaceutical and Medical Manufacturing Facilities
  • With Pharmaceutical Industry Confronted by Growing Product Recalls, Focus Shifts to Quality Control through Inspections Systems
  • Exhibit 1: Product Recalls Remain a Key Concern for US Pharmaceutical Industry - Number and Units of Products in the US for the Years 2016, 2017 and 2018
  • Exhibit 2: Product Recalls in the US - Average Number of Units Per Pharmaceutical Product Recalled for the Period 2014-2018
  • Recalls of Pharmaceutical Products - A Review
  • Impact of Covid-19 and a Looming Global Recession
  • Rapid Growth of Pharmaceutical Industry Drives Needs for Inspections Systems
  • Exhibit 3: Global Sales of Prescription Drugs in $ Billion for the Period 2010-2022
  • Exhibit 4: Global Sales of Prescription and OTC Drugs in US$ Billion for the Years 2010-2022
  • Exhibit 5: Global Spending on Pharmaceutical R&D Sector for the Period 2010-2025
  • As Pharmaceutical Manufacturing Activity Gains Momentum in Developing Regions, Need for Inspection Systems Grows to Ensure Quality Control
  • Need to Prevent Contamination Drives Demand for Vision Systems in Pharmaceutical Products
  • Automated Visual Inspection System: Important for Maintaining Product Quality in Pharmaceutical Manufacturing
  • Optical Inspection Aids in Ensuring Quality Assurance for Pharmaceutical and Cosmetic Industry Participants
  • Rising Significance of Quality Control through Machine Vision Systems
  • X-Ray Inspection Systems: Critical Role in Preventing Pharma Product Recalls, Tracing Products, and Complying with Safety Standards
  • Automated Label Inspection Machines Market: Regulatory Mandates, GMPs and Focus on Inspection Drives Growth
  • Product Overview
  • Inspection Machines for Quality Control - An Introduction
  • Vision Inspection Systems
  • Leak Detection Systems
  • X-ray Inspection Systems

  • Active Players in United States
  • Active Players in Canada
  • Active Players in Japan
  • Active Players in China
  • Active Players in France
  • Active Players in Germany
  • Active Players in Italy
  • Active Players in United Kingdom
  • Active Players in Spain
  • Active Players in Russia
  • Active Players in Rest of Europe
  • Active Players in Australia
  • Active Players in India
  • Active Players in South Korea
  • Active Players in Rest of Asia-Pacific
  • Active Players in Argentina
  • Active Players in Brazil
  • Active Players in Mexico
  • Active Players in Rest of Latin America
  • Active Players in Iran
  • Active Players in Israel
  • Active Players in Saudi Arabia
  • Active Players in United Arab Emirates
  • Active Players in Rest of Middle East
  • Active Players in Africa

  • Total Companies Profiled: 42