Insights & Forecast with Potential Impact of COVID-19 - Automated Industrial Quality Control (QC) Market 2020-2024 | Growing Importance For Accuracy In QC Processes to Boost Growth | Technavio

Technavio has been monitoring the automated industrial quality control (QC) market and it is poised to grow by $ 220.87 mn during 2020-2024, progressing at a CAGR of almost 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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Technavio has announced its latest market research report titled Global Automated Industrial Quality Control (QC) Market 2020-2024 (Graphic: Business Wire)

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Latest Free Sample Report on COVID-19 Impact

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. 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.

Growing importance for accuracy in QC processes has been instrumental in driving the growth of the market. However, high initial capital investment might hamper the market growth.

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

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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. Our 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 industry analysis

This study identifies the 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.

Automated Industrial Quality Control (QC) Market 2020-2024 : Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the automated industrial quality control (QC) market, including some of the vendors such as 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. Backed with competitive intelligence and benchmarking, our research reports on the Automated Industrial Quality Control (QC) Market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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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

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

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200624005385/en/