The surface vision and inspection market share is driven by the increase in demand and adoption of mechanization in the manufacturing process of simple products to complex ones.
The Europe surface vision & inspection market was valued at $xx million in 2018 and is projected to reach $xx million by 2027, registering a CAGR of 6.60% from 2019 to 2027. The localized usage of vision and inspection equipment in the European factories is also expected to impact this region's growth rate for the surface vision & inspection market.
Germany was the biggest competitor with $xx million in 2018 and is forecasted to grow to $xx million in 2027, at a increasing CAGR of 8.27% during the years 2019-2027.
Therefore, the logistics sector in Europe is experiencing a rapid boost in its growth.
The ongoing urbanization of European countries namely, Germany, Spain, Russia, Italy, France and the United Kingdom, etc. has heavily enhanced the shape of the e-commerce, which in turn has escalated the levels of consumption, supply chains and production for the customers.
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The need for the measure of quality inspection has been found to be a driving force for the surface vision and inspection market. The easy availability of facilities in Europe is paving the way for more investment for innovative research for products and their technical R&D which are needed for development of the surface vision and inspection market.
This has led the local vendors in Europe to remain highly competitive among the global surface vision and inspection market.
The European market is prone to a lot of competition. Some of the companies in the market are Panasonic Corporation, Sony Corporation, Matrox Electronic Systems, Teledyne Technologies, Moritex Corporation, Omron Corporation, Keyence Corporation, National Instruments Corporation, Allied Vision Technology, Datalogic S.P.A., Perceptron Inc., FLIR Systems, Basler AG, Keyence Corporation and Ametek Inc.
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