Major Revenue Gains are Predicted in the Global Inspection Machines Market by 2025

Overview of This Study:

This study involved the extensive use of both primary and secondary sources. The research process involved the study on Inspection Machines Market of various factors affecting the industry to identify the segmentation types, industry trends, key players, competitive landscape, key market dynamics, and key player strategies.

Research Methodologies Followed:

Primary Research

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The supply side’s primary sources include industry experts such as CEOs, vice presidents, marketing and sales directors, technology and innovation directors, and related key executives from various key companies and organizations operating in the inspection machines market.

Secondary Research

This research study involved the use of comprehensive secondary sources; directories and databases such as D&B, Bloomberg Business, and Factiva; and white papers, annual reports, and company house documents. Secondary research was used to identify and collect information for this extensive, technical, market-oriented, and commercial study of the global inspection machines market

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Revenue Gains Expectations: The Inspection machines market is projected to reach USD 871 million by 2025 from USD 671 million in 2020, at a CAGR of 5.4% during the forecast period. The growing demand for used and refurbished inspection systems is expected to restrain this market’s growth to a certain extent.

Opportunity: Outsourcing of operations and the growing number of manufacturing facilities in emerging economies

During the last decade, businesses in developed markets, such as the US and Europe, have increasingly outsourced their manufacturing and packaging operations to China, South Korea, Taiwan, and India to leverage the lower labor costs and less-stringent government regulations in these countries.

Challenge: Complexities in integrating inspection machines

Inspections remain an indispensable tool of modern manufacturing to prevent equipment failures, process deviations, and quality defects. If performed properly, inspections can directly support both the top line and bottom line by maintaining the condition and reliability of facilities & equipment, ensuring product quality, reducing downtime, rework, and even driving continuous improvement.

Recent Developments

  • Antares partnered with IMA; a company engaged in the design & production of machines for process automation and packaging of pharmaceutical & cosmetic products.
  • METTLER-TOLEDO International Inc. launched their Tablet-Pro metal detection systems.
  • Cognex Corporation launched the DSMax32T laser displacement 3D system.
  • ACG Inspection opened a new Centre of Excellence in Switzerland.

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Pharmaceutical & biotechnology companies end-user segment is expected to grow at the highest CAGR in the inspection machines market during the forecast period

Based on end user, the inspection machines market is segmented into pharmaceutical & biotechnology companies, medical device manufacturers, food processing & packaging companies, and other end-users (nutraceuticals and cosmetic companies). The pharmaceutical & biotechnology companies segment is expected to witness the highest growth during the forecast period.

North America is expected to account for the largest share of the inspection machines market

The large share of this market segment can be attributed to the significant growth opportunities for players operating in the inspection machines market owing to the presence of a large number of pharmaceutical and biotechnology companies & medical device manufacturers in the region, stringent regulatory mandates for healthcare manufacturers, an increasing number of inspection checkpoints in the production line, and highly regulated inspection standards & obligatory compliance in the region.

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