Industrial Automation Market In Food Safety And Inspection | Leading Segments, Trends, Drivers and Challenges
Market Recovery and Growth Projections 2021-2025

The industrial automation market in food safety and inspection is expected to grow by $ 648.69 mn, accelerating at a CAGR of almost 5.29% during the forecast period. Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus.

Need more details on this market:  Request for Our FREE Sample Report

Industrial Automation Market In Food Safety And Inspection: Market Segments and Growth Forecasts

This research report will provide insights into the current market share of each segment along with growth projections for the next five years.

• The report segments the market by Product (Machine vision systems, X-ray inspection systems, Metal detection systems, and Checkweighing systems) and Geography (Europe, APAC, North America, South America, and MEA). Each market segment is analyzed for past performance leading to future growth projections based on current market scenario.
• In terms of geographic segmentation we found that 33% of the market growth will originate from APAC during the forecast period. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the Industrial Automation Market In Food Safety And Inspection size.

Industrial Automation Market In Food Safety And Inspection: Top Trends, Drivers, Challenges to drive Market Recovery

The research report looks at the impact of various trends, drivers, and challenges for market growth during the forecast period. These insights will enable clients to design a growth strategy for their business and area of operations.

• A key market driver for the Industrial Automation Market In Food Safety And Inspection will be significant cost savings in operations due to process control.
• Growing benefits of inspecting bulk foods in-line is another factor that will be instrumental in driving market growth during the forecast period.
• One of the key challenges that market players need to contend with in order to achieve further success is the Volatility in prices of raw materials.

Industrial Automation Market In Food Safety And Inspection: Vendor Analysis

• The market is fragmented.
• The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
• Advantech Co. Ltd., Clarke Solutions LLC, Cognex Corp., Illinois Tool Works Inc., Inspection Systems Pty Ltd., John Bean Technologies Corp., Mettler Toledo International Inc., Peco InspX, Teledyne Technologies Inc., and Thermo Fisher Scientific Inc. are some of the major market participants.

For more insights into this market: Download a Free Sample Report. Our custom reports provide market insights at the global and regional level along with pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.

The report provides insights into the following FAQs:

1. What is the market CAGR?
   The market is accelerate at a CAGR of 5.29%.
    
2. What is the incremental growth of the market?
   The market is expected to grow by $ 648.69 mn through 2021-2025.
    
3. What is a key factor driving this market?
   Significant cost savings in operations due to process control will drive market growth over the forecast period.
    
4. What are the key regions covered in this market research report?
   Europe, APAC, North America, South America, and MEA are the key regions featured in this research report.
    
5. Which is the leading geographic region for this market:
   33% growth will originate from APAC
    
6. Who are the leading market vendors?
   The leading vendors in this market are Advantech Co. Ltd., Clarke Solutions LLC, Cognex Corp., Illinois Tool Works Inc., Inspection Systems Pty Ltd., John Bean Technologies Corp., Mettler Toledo International Inc., Peco InspX, Teledyne Technologies Inc., and Thermo Fisher Scientific Inc.
    
7. What are the market segments covered in this report?
   The market is segmented by Product (Machine vision systems, X-ray inspection systems, Metal detection systems, and Checkweighing systems) and Geography (Europe, APAC, North America, South America, and MEA)

Industrial Automation Market In Food Safety And Inspection Industry Size to Grow by USD 553.48 mn through 2020-2024 | Forecast and Trend Analysis

Technavio has been monitoring the industrial automation market in food safety and inspection industry and it is expected to grow by USD 553.48 mn, accelerating at a CAGR of almost 5% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking View Free Sample Report

Industrial Automation Market In Food Safety And Inspection Industry: Emerging Trends to Impact Market Growth

Growing benefits of inspecting bulk foods in-line to emerge as a key trend in the industrial industrial automation market in food safety and inspection industry. This report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market in focus. This analysis will enable clients to assess their play in the market and plan for growth opportunities.

Industrial Automation Market In Food Safety And Inspection Industry: Vendor Analysis

The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Advantech Co. Ltd., Clarke Solutions LLC, Cognex Corp., Illinois Tool Works Inc., Inspection Systems Pty Ltd., John Bean Technologies Corp., Mettler-Toledo International Inc., Peco InspX, Teledyne Technologies Inc., and Thermo Fisher Scientific Inc. 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 position in the slow-growing segments.

Technavio custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.

For more insights into this market:Download a Free Sample Report

Technavio has been monitoring the Global Industrial Automation Market in Food Safety and Inspection Industry and it is expected to grow by USD 553.48 million accelerating at a CAGR of  5% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. View Free Sample Report

Industrial Automation Market in Food Safety and Inspection Industry: Significant cost savings in operations to drive growth

One of the primary factors that will trigger the growth of the Industrial Automation Market in Food Safety and Inspection Industry size is the adoption of machine vision systems in the early production stages. This helps companies to remove defective components eary in the process, thus preventing the defective material from entering the subsequent manufacturing process leading to unnecessary cost and waste of raw material. Moreover, the defective component can also be reintroduced into the initial manufacturing process, which will aid in saving costs in material requirements. Moreover, machine vision systems automatically capture data and remove defective components, which eliminates the need for human intervention which helps to reduce labor costs. Thus, cost savings at various level be it in terms of reducing labor costs, raw material costs and eliminating the need for corrective action are factors that will drive industrial automation market growth.

Increasing number of regulations imposed on food safety and inspection systems across the globe will drive market growth. Machine vision systems have been the popular segment over the past years however, market growth in this segment will be slower than the growth of the market in the x-ray inspection systems, metal detection systems, and checkweighing systems segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the industrial automation market size in the food safety and inspection industry.

Industrial Automation Market In Food Safety And Inspection Industry: Vendor Analysis

The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Advantech Co. Ltd., Clarke Solutions LLC, Cognex Corp., Illinois Tool Works Inc., Inspection Systems Pty Ltd., John Bean Technologies Corp., Mettler-Toledo International Inc., Peco InspX, Teledyne Technologies Inc., and Thermo Fisher Scientific Inc. 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 position in the slow-growing segments.

Technavio offers custom research reports with detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report