Global Inspection Camera System Market Insights Forecasts to 2032
- The Global Inspection Camera System Market Size was valued at USD 317.26 Million in 2022.
- The Market is Growing at a CAGR of 13.0% from 2022 to 2032.
- The Worldwide Inspection Camera System Market Size is expected to reach USD 1083.49 Million by 2032
- Asia Pacific is expected To Grow the fastest during the forecast period.
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The Global Inspection Camera System Market Size is expected to reach USD 1083.49 Million by 2032, at a CAGR of 13.0% during the forecast period 2022 to 2032.
An inspection camera system is a cost-effective and automatic technique to inspect a wide range of products and gather information for inspection objectives in real-time. These systems are also known as industrial and digital inspection cameras. Inspectors frequently use inspection cameras to collect data. One can use them to collect data in difficult-to-reach or inaccessible areas. Inspectors most commonly utilize visual inspection cameras, but they additionally make use of infrared inspection cameras and other cameras designed to record less frequent sorts of data, for example, a radiography camera. These technologies can be integrated into the manufacturing process in order to provide a continuous stream of data while inspecting and sorting items at extremely rapid speeds. They can, however, be found in a range of businesses where quality control is required.
The Global Inspection Camera System Market is extremely competitive, with several prominent competitors participating in the market. Some of the major players in the market include Basler AG, Leica Microsystems, NDT Technologies, Pleora Technologies Inc., Kintronics Inc., Omron Corp., Canon Inc., and OmniVision. These companies are investing in R&D to expand their offerings and acquire a distinct advantage in the market.
OmniVision, for example, announced its recently released OS05B CMOS image sensor in October 2022, which combines best-in-class pixel technology and quantum efficiency (QE) in a 5megapixel (MP) design for professional and high-end consumer security cameras, such as industrial and factory surveillance systems, webcams, and high-end baby monitors. The OS05B is suitable for professional security cameras, such as those used in industrial and manufacturing settings, where it is critical to record good video at night while also consuming little power.
Global Inspection Camera System Market Report Coverage
|Market Size in 2022:||USD 317.26 million|
|Forecast Period:||2022 - 2032|
|Forecast Period 2022 - 2032 CAGR:||13.0%|
|2032 Value Projection:||USD 1083.49 million|
|Historical Data for:||2018 - 2021|
|No. of Pages:||200|
|Tables, Charts & Figures:||123|
|Segments covered:||By Component, By Application, By End-Users, By Region|
|Companies Covered:||Pleora Technologies Inc., eInfochips, Clarcus Medical LLC, Eddyfi Technologies, Kintronics Inc., Pro-Vigil, Minicam Group, Ipek International Gmbh, CameraFTP, Camcloud, NDT Technologies (P) Ltd., CUES Inc., Exacq Technologies, Stealth Monitoring, OMNIVISION, I.C. LERCHER Solutions GmbH, Basler AG, Leica Microsystems|
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The rising adoption of inspection camera systems in municipal governments for safeguarding drainage and sewer system blockages is the primary factor driving market expansion in the municipal end-user during the forecast period. The market adoption is increasing due to the desire for inspection and to obtain a complete view of the internal workings of diverse machinery through different inspection facilities. Inspection camera systems are utilized for evaluating physical characteristics such as obstacles, frequency range, voltage, and current in the manufacturing and retail sectors where they are deployed as surveillance products.
Furthermore, producers are focusing on developing innovative products with expanded capabilities and improvements in accordance with shifting market demands based on how they use the required technology. The goal for corporations is to offer new software platforms integrated with a cloud-based infrastructure in order to achieve an edge over competitors with emerging technologies such as artificial intelligence (AI) and machine learning.
Additionally, because currently available methods only provide 2D measurement and examination, there is a great demand in the sector for 3D inspection systems that provide appealing opportunities. Inspection cameras enable a comprehensive inspection of the pipeline and drainage systems without disassembling the entire infrastructure since they perform non-invasive inspections, which has grown to be the primary advantage of using them in the plumbing business. The fast growth of the commercial and municipal categories, as well as increasing demands for video inspection, drives the demand for inspection camera systems. Furthermore, the market is expected to expand as a result of ongoing advances in the machine vision market. Inspection cameras are also widely used in the pharmaceutical, packaging, semiconductor, security, and surveillance industries.
By End-Users Insights
The municipal segment accounted for the largest revenue share of more than 34.7% over the forecast period.
On the basis of end-users, the global inspection camera system market is segmented into industrial, commercial, municipal, and others. Among these, the municipal segment is dominating the market with the largest revenue share of 34.7% over the forecast period. The municipal government of the metropolitan area uses the inspection camera system extensively given that they manage water distribution, drainage, sewer, electricity cables, and other assets that require accurate assessment, which is expected to propel the inspection camera system market in the municipal segment throughout the forecast period. In terms of drain inspection, this camera is fitted with a centering brush, which avoids the sensor and camera head from collapsing on the bottom of the passageway, causing harm to the camera.
By Application Insights
The pipeline inspection segment is witnessing significant CAGR growth over the forecast period.
On the basis of application, the global inspection camera system market is segmented into pipeline inspection, drain inspection, tank, medical inspection, and others. Among these, the pipeline inspection segment is witnessing significant CAGR growth over the forecast period. The demand for inspection camera systems to prevent leaks, manage unwanted corrosion, locate unwanted fractures, and many other uses in pipelines that range from the transportation of water to the deployment of wires and cables to the transport of oil and gas are on the rise. The necessity for pipe inspection drives market demand at many stages of the supply chain, including procurement, manufacture, building, installation, and service phases.
By Component Insights
The hardware segment is dominating the market with the largest revenue share over the forecast period.
On the basis of components, the global inspection camera system market is segmented into hardware and services. Among these, the hardware segment leads the market with the highest revenue share of 65.1% over the projected period, owing to the innovation of hardware systems in the market in recent years, which has made inspection procedures in confined areas more convenient for end-users. Furthermore, advancements in camera lenses and display units have resulted in improved video quality, while hardened and waterproof wires and cables give reach in wet and high-pressure zones.
North America dominates the market with the largest market share over the forecast period.
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North America is dominating the market with more than 36.2% market share over the forecast period. The rapid development of the industrialized center contributes to the region's growth. The growing demand for modern video inspection technologies to support commercial and governmental expansion throughout the area drives up the demand for the inspection camera system market. Furthermore, this expansion can be linked to the demand for inspection in natural gas and oil pipeline developments throughout the region.
Asia Pacific, on the contrary, is expected to grow the fastest during the forecast period. This expansion can be linked to rising industrialization and commercialization, both of which have increased the adoption of inspection camera systems. Because humans cannot reach underwater pipelines due to high water pressure and other unsafe situations, this camera system inspects them for maintenance and repair.
List of Key Market Players
- Pleora Technologies Inc.
- Clarcus Medical LLC
- Eddyfi Technologies
- Kintronics Inc.
- Minicam Group
- Ipek International Gmbh
- NDT Technologies (P) Ltd.
- CUES Inc.
- Exacq Technologies
- Stealth Monitoring
- I.C. LERCHER Solutions GmbH
- Basler AG
- Leica Microsystems
Key Market Developments
- On October 2022, Leica Microsystems, a global pioneer in microscopy and scientific instrumentation, introduced Enersight, an easy-to-use new software platform for microscope inspection and quality management. The program is intended to simplify and streamline the complete inspection and documentation workflow for a wide range of users. Enersight's user-friendly interface enables users to complete inspection duties consistently without having to use separate software functionalities for different products and operation modes.
- On January 2022, Dairy Distillery is employing Pleora Technologies Visual Inspection System to assist maintain brand quality requirements and decrease errors that increase operating expenses and hinder production, according to Pleora Technologies. The distillery employs Pleora's AI-based Visual Inspection System to supplement manual labeling processes and assist assure brand integrity. The camera-based system has pre-packaged AI plug-ins that can be quickly trained on a customer's specific requirements to graphically show product variations and deviations on a display for operators and inspectors.
This study forecasts revenue at global, regional, and country levels from 2020 to 2032. Spherical Insights has segmented the Global Inspection Camera System Market based on the below-mentioned segments:
Inspection Camera System Market, Component Analysis
Inspection Camera System Market, Application Analysis
- Pipeline Inspection
- Drain Inspection
- Medical Inspection
Inspection Camera System Market, End-Users Analysis
Inspection Camera System Market, Regional Analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Frequently Asked Questions (FAQ)
What is the market size of the Inspection Camera System market?The Global Inspection Camera System Market is expected to grow from USD 317.26 million in 2022 to USD 1083.49 million by 2032, at a CAGR of 13.0% during the forecast period 2022-2032.
Which are the key companies in the market?Pleora Technologies Inc., eInfochips, Clarcus Medical LLC, Eddyfi Technologies, Kintronics Inc., Pro-Vigil, Minicam Group, Ipek International Gmbh, CameraFTP, and Camcloud
Which segment dominated the Inspection Camera System market share?The municipal segment in end-users type dominated the Inspection Camera System market in 2022 and accounted for a revenue share of over 34.7%.
What are the elements driving the growth of the Inspection Camera System market?The increasing demand for inspection and having a complete picture of the inner workings of various machines at various inspection facilities throughout the world are key factors driving the inspection camera system market expansion.
Which region is dominating the Inspection Camera System market?North America is dominating the Inspection Camera System market with more than 36.2% market share.
Which segment holds the largest market share of the Inspection Camera System market?The hardware segment based on component type holds the maximum market share of the Inspection Camera System market.
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