Inspection cameras are used in diverse industrial and commercial applications as security inspection products, as the technology can be used to measure wide range of physical characteristics, such as voltage, frequency, resistance, and current. They are typically a part of the endoscope placed inside machines and systems. Advances in mechatronics and mechanics on one hand and the incorporation of technologically advanced lighting and sensor on the other have shaped the trajectories of product developments in the inspection cameras market. The extensive demand for inspection camera in industrial monitoring applications and in non-destructive evaluation (NDE) of instruments and engines have expanded the revenue prospects over the years. The imaging technology in security inspection products and the system connecting the cameras to the screen have undergone constant improvements.
Distributors and brands associated with the marketing of inspection cameras are emphasizing on the range of functions possible, thereby paving way to constant advancements in the architecture of these systems. Manufacturers of security inspection products have been keen on making inspection cameras more robust and flexible at the same time, which has helped these to be used in probing hard-to-reach areas. The color screen attached with inspection cameras has also improved considerably along with other key components of the imaging system. A key proposition that has attracted customers of current generation of products are their modularity, so as to make maintenance easy, thus boosting the inspection cameras market.
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Global Inspection Cameras Market: Snapshot
Inspection camera, sometimes called a borescope, forms a key product technology in machine vision market. The optical technology in inspection cameras enable the viewing of the areas or spaces that are inaccessible, cramped, or at a very far away distance. Thus, these are similar in functionalities to cameras, telescopes, or microscopes. Borescopes are frequently equipped with several LED lights that helps in illuminating the work areas. Some inspection cameras enable remote viewing by detaching while once the camera shaft is maneuvered, display images can be observed. Burgeoning demand for borescopes in the automotive industry and recent advances in optical technologies are the key factors driving the inspection camera market. The growing demand for inspection cameras in smart transportation systems for the purpose of improved security and surveillance is anticipated to open up exciting opportunities to market players.
The rising need for inspection in various inspection facilities for getting a comprehensive view of inner parts of various machinery is a key factor bolstering the uptake. In addition, constant developments in the machine vision market are expected to boost the market. Other end-use areas where inspection cameras find wide applications are pharmaceutical industry, packaging industry, semiconductor industry, and security and surveillance industries. The advent of 2-way and the 4-way articulating borescope systems is further anticipated to open up lucrative avenues for optical device manufacturers. Furthermore, rising demand for CCTV camera technology is likely bode well for the inspection camera market.
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Inspection camera, or the borescope, is a type of instrument which functions like a camera, telescope, or microscope. It is used for the purpose of observing areas which are excessively cramped, very far away, or completely out of reach. An inspection camera has a black and white or color display; some of them are also detachable for the purpose of remote viewing – which is attached to a flexible shaft having a camera at the end of it. Often, this camera has several LED lights to illuminate the work area. Once the camera shaft is maneuvered into position, the display provides images captured by the camera. Expansion of the inspection cameras market depends on the expansion of the global machine vision market.
For purpose of in depth analysis, the inspection cameras market has been segmented on the basis of spectrum, applications, and geography. In terms of spectrum type, the market can be segmented into ultraviolet spectrum, visible spectrum, and infrared spectrum. Various types of applications of inspection cameras include the automotive industry, pharmaceutical industry, semiconductor industry, packaging industry, security & surveillance industry, and others. Moreover, in terms of geography, the global inspection cameras market can be segmented into Europe, North America, Asia Pacific, Middle East &Africa, and Latin America.
Consistently rising demand for the boroscopy and videoscopy in the automotive industry is driving the market of inspection cameras. The articulating function of the inspection cameras in the industrial applications for the purpose of getting better views of the inner parts of the machines is also a key factor driving the Inspection Cameras market. Therefore, the rising need for 2-way and the 4-way articulating cables, which allow the camera head to move in different directions and gives an angle upto 360°, is also likely to propel the Inspection Cameras market during the forecasted period from 2017 to 2025. Additionally, rapid technological advancement in CCTV camera technology, which provides fast and precise camera solution with better cost effectiveness, is also anticipated to increase the demand for inspection cameras in the near future. This, in turn, this is also projected to boost the market of inspection cameras during the forecasted period.
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Inspite of many driving factors, the inspection cameras market is expected to show a shrink and fluctuation in growth rate because of the in tolerating nature of the inspection cameras on product and component variation. Absence of good lighting conditions and lack of real intelligence of the inspection cameras are the restraining factors for the global Inspection Cameras market. Rising demand for inspection cameras for the purpose of surface vision is estimated to create significant opportunity for the inspection cameras in the near future. Increasing usage of inspection cameras in visual inspection is also anticipated to act as an opportunity for the inspection cameras market during the forecasted period.
In terms of application, the automotive industry held a prominent share of the market due to its rising usage in intelligent transportation systems. However, the security & surveillance segment is projected to expand significantly during the forecast period. Increasing usage of inspection cameras for the purpose of capturing high speed images and videos in the security &surveillance industry is expected to drive the market.
In terms of geography, the global inspection cameras market is mainly driven by Asia Pacific region. Increasing demand for machine vision systems and PC-based systems is driving the market in Asia Pacific. Increasing manufacturing facilities and expanding industrial hub are anticipated to fuel the rapid expansion of the inspection cameras market. Asia Pacific is projected to maintain its dominance in the market during the forecasted period due to the presence of manufacturing companies in the machine vision segment and increasing R&D in countries such as China, South Korea, and Japan.
Major players operating in the inspection cameras market include AMETEK (U.S.), Cognex Corporation (U.S.), FLIR Systems (U.S.), Olympus Corporation (Japan), Sick AG (Germany), Fluke Corporation (U.S.), Ifm electronic(Germany), and HIKVISION (China).
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
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The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
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