Fault Detection and Classification Market Share

  • Report ID: 5925
  • Published Date: Oct 22, 2024
  • Report Format: PDF, PPT

Fault Detection and Classification Market Share

APAC Market Forecast

Fault detection and classification market in Asia Pacific is predicted to the largest share of 35% by 2037 impelled by the growing urbanization. In 2022, almost one-third of India's inhabitants called its cities home owing to the population's fast growth. This is expected to lead to development in the region as economic development, urbanization, and industrialization are anticipated to coexist, leading to a higher adoption rate of fault detection and classification. For instance, in India, more than 43% of the population will live in urban areas by the middle of 2035.

North American Market Statistics

The North American fault detection and classification market is estimated to be the second largest, during the forecast period led by increasing demand for food packaging. This has led to market growth in the region since packaging industries employ fault detection and classification (FDC), a technological and data-driven procedure, to find packaging flaws and guarantee product quality. For instance, food packaging demand in the US is expected to reach over USD 58 billion in 2027, growing at a rate of around 2% annually.

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Fault Detection and Classification Market size
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Author Credits:  Abhishek Verma


  • Report ID: 5925
  • Published Date: Oct 22, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of fault detection and classification is estimated at USD 5.5 billion.

Fault Detection and Classification Market size was valued at USD 5.14 billion in 2024 and is projected to cross USD 15.2 billion by the end of 2037, expanding at more than 8.7% CAGR during the forecast period i.e., between 2025-2037. The growing manufacturing industry across the globe and the growing integration of AI will drive the market growth.

Asia Pacific industry is expected to dominate majority revenue share of 35% by 2037, impelled by growing urbanization in the region.

The major players in the market are KLA Corp., Microsoft Corp., OMRON Corp., Siemens AG, DNV Group AS, Lucy Electric, einnoSys Technologies Inc., elunic AG, INFICON Holding AG, Synopsys Inc., Musashi Seimitsu, and others.
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