Industrial Automation Market to Witness USD 648.69 Mn Growth in Food Safety and Inspection Sector | APAC to Offer Maximum Growth Opportunities | Technavio
NEW YORK, Oct. 8, 2021 /PRNewswire/ -- Technavio's latest research report on the Industrial Automation Market In Food Safety And Inspection offers a comprehensive analysis on new product launches, the latest trends, and the post-pandemic impact on businesses.
The industrial automation market in food safety and inspection is set to grow by USD 648.69 million between 2021 and 2025, accelerating at a CAGR of over 5%.
Market Dynamics
Factors such as significant cost savings in operations due to process control and growing benefits of inspecting bulk foods in-line will drive the growth of the Industrial Automation Market In Food Safety And Inspection during 2021-2025. However, volatility in prices of raw materials might hamper market growth.
Regulations pertaining to food safety are expected to offer several opportunities for players in the market. On the other hand, issues with electrical noise are huge challenges in front of the industry.
Company Profiles
The report on the industrial automation market in food safety and inspection provides complete insights on key vendors including 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.
Competitive Analysis
The competitive scenario provided in the industrial automation market in food safety and inspection report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc.
Market Segmentation
- By Product, the market is classified into machine vision systems, X-ray inspection systems, metal detection systems, and checkweighing systems. The market growth in the machine vision systems segment will be maximum during the forecast period.
- By Geography, the market is analyzed across Europe, APAC, North America, South America, and MEA. APAC will have the largest share of the market.
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Industrial Automation Market In Food Safety And Inspection Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of over 5% |
Market growth 2021-2025 |
$ 648.69 million |
Market structure |
Fragmented |
YoY growth (%) |
3.91 |
Regional analysis |
Europe, APAC, North America, South America, and MEA |
Performing market contribution |
APAC at 33% |
Key consumer countries |
US, China, UK, Japan, and Germany |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
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. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, and market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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.
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SOURCE Technavio
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