LONDON--(BUSINESS WIRE)--Technavio has been monitoring the automated industrial quality control (QC) market and it is poised to grow by USD 220.87 million during 2020-2024, progressing at a CAGR of 7% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Frequently Asked Questions-
- Which is the leading segment based on end-user in the market?
- The automotive industry is expected to be the leading segment based on end-user during the forecast period.
- What is the major trend for market?
- Growing need to maintain certification standards is a major growth factor for the market.
- At what rate is the market projected to grow?
- Growing at a CAGR of almost 7%, the incremental growth of the market is anticipated to be USD 220.87 million.
- What are the top players in the market?
- ABB Ltd., ATS Automation Tooling Systems Inc., Carl Zeiss AG, Honeywell International Inc., IVISYS AB, Keyence Corp., MasterControl Inc., Renishaw Plc, RNA Automation Ltd., and Shelton Machines Ltd. are some of the major market participants.
- What are the key market drivers and challenges?
- Importance for accuracy in QC processes and need to maintain certification standards are the major factors driving the market. However, the high initial capital investment will restrain market growth.
The market is concentrated, and the degree of concentration will accelerate during the forecast period. ABB Ltd., ATS Automation Tooling Systems Inc., Carl Zeiss AG, Honeywell International Inc., IVISYS AB, Keyence Corp., MasterControl Inc., Renishaw Plc, RNA Automation Ltd., and Shelton Machines Ltd. are some of the major market participants. The importance for accuracy in QC processes will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Automated Industrial Quality Control (QC) Market 2020-2024: Segmentation
Automated Industrial Quality Control (QC) Market is segmented as below:
-
End-user
- Automotive Industry
- Metal Industry
- Electronics Industry
- Others
-
Geography
- Europe
- North America
- APAC
- South America
- MEA
-
Solution
- Hardware
- Software and Service
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Automated Industrial Quality Control (QC) Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The automated industrial quality control (QC) market report covers the following areas:
- Automated Industrial Quality Control (QC) Market Size
- Automated Industrial Quality Control (QC) Market Trends
- Automated Industrial Quality Control (QC) Market Analysis
This study identifies growing need to maintain certification standards as one of the prime reasons driving the automated industrial quality control (QC) market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Automated Industrial Quality Control (QC) Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist automated industrial quality control (QC) market growth during the next five years
- Estimation of the automated industrial quality control (QC) market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the automated industrial quality control (QC) market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of automated industrial quality control (QC) market vendors
Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by End-user
- Market segments
- Comparison by end-user
- Automotive industry - Market size and forecast 2019-2024
- Metal industry - Market size and forecast 2019-2024
- Electronics industry - Market size and forecast 2019-2024
- Others - Market size and forecast 2019-2024
- Market opportunity by end-user
Market Segmentation by Solution
- Market segments
- Comparison by Solution
- Hardware and software - Market size and forecast 2019-2024
- Service - Market size and forecast 2019-2024
- Market opportunity by Solution
Customer landscape
- Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- Europe - Market size and forecast 2019-2024
- North America - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- ABB Ltd.
- ATS Automation Tooling Systems Inc.
- Carl Zeiss AG
- Honeywell International Inc.
- IVISYS AB
- Keyence Corp.
- MasterControl Inc.
- Renishaw Plc
- RNA Automation Ltd.
- Shelton Machines Ltd.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
-
List of abbreviations
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