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Inspection Cameras - Global Market Trajectory & Analytics

  • ID: 5030198
  • Report
  • April 2021
  • Region: Global
  • 295 Pages
  • Global Industry Analysts, Inc
Global Inspection Cameras Market to Reach $2.1 Billion by 2027

Amid the COVID-19 crisis, the global market for Inspection Cameras estimated at US$1.2 Billion in the year 2020, is projected to reach a revised size of US$2.1 Billion by 2027, growing at a CAGR of 8.5% over the analysis period 2020-2027. Automotive, one of the segments analyzed in the report, is projected to record a 8.5% CAGR and reach US$714.4 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 Pharmaceutical segment is readjusted to a revised 9.2% CAGR for the next 7-year period.

The U.S. Market is Estimated at $317.5 Million, While China is Forecast to Grow at 11.4% CAGR

The Inspection Cameras market in the U.S. is estimated at US$317.5 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$430.8 Million by the year 2027 trailing a CAGR of 11.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.8% and 7.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 6.6% CAGR.

Semiconductor Segment to Record 8.2% CAGR

In the global Semiconductor segment, USA, Canada, Japan, China and Europe will drive the 7.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$184.4 Million in the year 2020 will reach a projected size of US$308.9 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$294 Million by the year 2027, while Latin America will expand at a 9.6% CAGR through the analysis period.

Select Competitors (Total 52 Featured):
  • AMETEK, Inc.
  • Baumer Group
  • Cognex Corporation
  • FLIR Systems, Inc.
  • Fluke Corporation
  • General Tools & Instruments LLC
  • Ifm Electronic GmbH
  • Leuze Electronic GmbH + Co. KG
  • Micro-Epsilon America
  • Milwaukee Tool
  • National Instruments Corporation
  • Olympus Corporation
  • Omron Microscan Systems, Inc.
  • Oxford Instruments plc
  • Raptor Photonics Limited
  • Ridge Tool Company
  • Testo Ltd.
  • Toshiba Imaging Systems Division (Toshiba Cameras)
  • Vision Research, Inc.
  • VITRONIC Dr.-Ing. Stein Bildverarbeitungssysteme GmbH
Frequently Asked Questions about the Global Market for Inspection Cameras

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

The Global Market for Inspection Cameras was estimated to be valued at $1.2 Billion in 2020.

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

The growth rate of the Global Market for Inspection Cameras is 8.3%, with an estimated value of $2.1 Billion by 2027.

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

The Global Market for Inspection Cameras is estimated to be worth $2.1 Billion by 2027.
Note: Product cover images may vary from those shown

  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession


  • Total Companies Profiled: 52
Note: Product cover images may vary from those shown