Global Defect Detection Market Overview:
Defect detection can be used in controlling the product quality in various industries for aiming at different objectives and executing them using automated visual evaluation. They are employed by the software engineers to test the software for any kind of defects and bugs in it causing any problem. The defect detection is provided as systems, software, and services for removing any deviation between the expected and actual results. It uses technologies like machine learning, artificial intelligence, and others for advancing operations.
- Growing Demand for the Automation in the Defect Detection
- Need for the Software Testing for any Kind of Bugs and Glitches for the Efficiency and Smooth Flow of Operations used in many Industries
- Regulatory Guidelines and Standards on the Defect Detection
- Surging Demand for Defect Detection from the Manufacturing industry and Software Development
- Increasing Adoption of App for Industrial IoT will Boost the Defect Detection Market
- Lack of Skilled Professionals in Defect Detection Operations
Some of the key players profiled in the report are DWFritz Automation, LLC (United States), Sciemetric Instruments ULC (Canada), Omron Corporation (Japan), Cognex Corporation (United States), Teledyne Technologies (United States), ISRA VISION AG (Germany), Keyence Corporation (Japan), Datalogic S.p.A. (Italy), Matrox Electronic Systems (Canada) and Mitutoyo America Corporation (United States). Considering Market by Technology, the sub-segment i.e. Machine Learning will boost the Defect Detection market. Considering Market by Offerings, the sub-segment i.e. System will boost the Defect Detection market. Considering Market by Industr, the sub-segment i.e. Manufacturing will boost the Defect Detection market.
Latest Market Insights:
On 29th March 2021, Mitutoyo America Corporation announced the release of Mitutoyo’s new AI Inspect Software to its overall lineup of software solutions. Intended for use in determining defects in multiple applications, Mitutoyo AI Inspect is a standalone software product designed to assist customers with next-generation visual defect analysis.
On 29th June 2020, OMRON Corporation based in Kyoto, Japan, announced the global release in July of its new "FH Series Vision System" with the industry's first defect detection AI technology that identifies defects without learning samples. This AI technology, which reproduces human sensibility and the techniques of skilled inspectors, reliably detects defects that were once difficult to capture, automating human vision-based visual inspection.
What Can be Explored with the Defect Detection Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Defect Detection Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Defect Detection
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Defect Detection market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Defect Detection market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Defect Detection Providers, Defect Detection System Manufacturers, Defect Detection Industry Association, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.
Frequently Asked Questions (FAQ):1. What is the growth rate predicted for the Global Defect Detection Market?
The Defect Detection market is expected to see a CAGR of % during projected year 2020 to 2026.
2. Who are the top performing companies in Defect Detection Market?
Top performing companies in the Global Defect Detection market are DWFritz Automation, LLC (United States), Sciemetric Instruments ULC (Canada), Omron Corporation (Japan), Cognex Corporation (United States), Teledyne Technologies (United States), ISRA VISION AG (Germany), Keyence Corporation (Japan), Datalogic S.p.A. (Italy), Matrox Electronic Systems (Canada) and Mitutoyo America Corporation (United States), to name a few.
3. What trending factors would impact Defect Detection Market growth most?
"Integration of Deep Learning Image Based Technology in the Defect Detection Operations" is seen as one of major influencing trends for Defect Detection Market during projected period 2020-2026.