The report "Inspection Machines Market by Product (Vision Inspection, Leak Detection, X-ray Inspection, Checkweigher, Metal Detector, Software), Type (Manual, Automatic), Packaging Type (Vials, Syringes, Blister), End User (Pharma, Biotech) - Global Forecast to 2027", is projected to reach USD 905 million by 2027 from USD 721 million in 2022, at a CAGR of 4.7% during the forecast period. The growth of this market is majorly driven as companies are now increasingly adopting inspection systems throughout their production lines due to the increasing issues in the mandates of regulatory introduced by the government.
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The inspection machines market is expected to grow significantly in the coming years as manufacturers are increasingly adopting advanced automation technologies to improve the quality control processes of their products. This is primarily due to the need to meet the stringent quality requirements of modern consumers and regulators, as well as to reduce production costs. Furthermore, new innovative inspection machines are revolutionizing quality control by providing accurate and reliable results in a short span of time.
The global inspection machines market is segmented into machine type, end-user industry, and region. By machine type, the market is divided into automated optical inspection (AOI), automated X-ray inspection (AXI), automated coordinate measuring machines (CMM), computer-aided inspection (CAI), and others. By end-user industry, the market is categorized into aerospace defense, automotive, electronics, food beverage, medical, and others.
The global inspection machines market is anticipated to grow significantly during the forecast period. This is attributed to the increasing demand for automated technology from the automotive and consumer electronics industries, as well as the growing need for quality assurance in a highly competitive environment. Furthermore, the rising trend of Industry 4.0, which involves the integration of information technology and automation, is expected to boost the market growth.
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Key Market Players
The global inspection machines market is consolidated at the top, with many leading market players based in developed countries. The prominent players in this market are Thermo Fisher Scientific (US), Robert Bosch GmbH (Germany), OPTEL Group (Canada), Körber AG (Germany), Cognex Corporation (US), METTLER TOLEDO International Inc. (US), Teledyne Technologies Incorporated (US), ACG Group (India), OMRON Corporation (Japan), Antares Vision S.p.A. (Italy), Brevetti CEA SpA (Italy), Jekson Vision Private Limited (India), Mitsubishi Chemical Holdings Corporation (Japan), Shanghai Tofflon Science and Technology Co. Ltd. (China), Systech International (US), LOMA Systems (UK), Laetus GmbH (Germany), VITRONIC (Germany), WIPOTEC-OCS GmbH (Germany), SEA Vision S.r.l. (Italy), Proditec (France), Iris inspection machines (France), CMP Pharma SRL (Italy), General Inspection (US), and Minebea Intec GmBh.(Germany).
Robert Bosch GmbH
Robert Bosch GmbH held the leading position in the inspection machines market. Bosch Packaging Technology, a wholly owned subsidiary of Robert Bosch, provides inspection machines for the healthcare industry. The company offers a broad range of inspection machines. It has facilities in Germany, Austria, Denmark, France, the Netherlands, Russia, Switzerland, the UK, Brazil, China, India, Japan, Singapore, Thailand, Egypt, Nigeria, and South Africa. It focuses on product launches as its key business strategy.
Körber AG
Körber AG held the second position in the inspection machines market. The company’s wholly owned subsidiary Körber Medipak Systems AG (Switzerland), is engaged in providing software, materials, machines, and technologies to the pharmaceutical and biotech industry. The company operates through three business segments—Inspection Machines, Inspection Applications, and Track Trace solutions. The firm offers its machines at a global level through its strong distribution network. Körber focuses on product launches as its key strategy to improve its share in the market.
During the forecast period Asia Pacific is expected to account for the highest CAGR in the inspection machines market
During the forecast period 2022-2027, the Asia Pacific inspection machines market is expected to grow at the highest CAGR. Factors such as the significant economic development in emerging markets such as China and India, growth in the inspection machine market in Asia pacific region is expected to drive the growth of this market during the forecast period.
Recent Developments
- In 2022, METTLER TOLEDO International Inc. launched combination checkweighing and serialization system for pharma and cosmetics producers.
- In 2022, OPTEL acquires pharma track trace unit of Körber. The acquisition, would allow OPTEL to leverage the unit’s expertise in pharmaceutical and agrochemical track trace technologies, provide the company with a second foothold in the European marketplace and contribute to its diversification plans.
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