TMCnet News

Fault Detection and Classification (FDC) Market worth $7.4 billion by 2028 - Exclusive Report by MarketsandMarkets™
[September 20, 2023]

Fault Detection and Classification (FDC) Market worth $7.4 billion by 2028 - Exclusive Report by MarketsandMarkets™

CHICAGO, Sept. 20, 2023 /PRNewswire/ -- The global fault detection and classification market was valued at USD 4.4 billion in 2022 and is projected to reach USD 7.4 billion by 2028; it is expected to register a CAGR of 8.9% between 2023 and 2028 according to a new report by MarketsandMarkets™. The rise in demand for FDC systems is attributed to the increased complexity of systems, strong focus of manufacturers on automating quality control and quality assurance processes, and stringent health and safety measures imposed by governments and standards organizations on global manufacturing firms.


Download PDF Brochure:

Browse in-depth TOC on "Fault Detection and Classification (FDC) Market
170 – Tables
67 – Figures
270 – Pages

Fault Detection and Classification (FDC) Market Report Scope:

Report Coverage


Market Revenue in 2022

$ 4.4 billion

Estimated Value by 2028

$ 7.4 billion

Growth Rate

Poised to grow at a CAGR of 8.9%

Market Size Available for


Forecast Period


Forecast Units

Value (USD Million/Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

By Offering Type, Application, End Use and Region

Geographies Covered

North America, Europe, Asia Pacific, and Rest of World

Key Market Challenge

Complexity in implementation of fault detection and classification solution and technologies

Key Market Opportunities

Increasing adoption of artificial intelligence (AI) technology

Key Market Drivers

The increased complexity of systems


By offering hardware segment to account larger market share in the forecasted year.

The hardware segment accounted for the larger market share in 2028. Hardware offering types in FDC systems include cameras, frame grabbers, optics, and processors. Cameras are the principal hardware of FDC systems. Smart camera-based FDC systems are gaining traction over PC-based systems owing to their easy configuration, validation, and maintenance. There are also continuous advancements in camera technology in terms of resolution, frame rates, imaging technologies, and other parameters to improve the image quality of objects on production lines.

By application: manufacturing application to account for a larger market share in the forecasted year.

The manufacturing application accounted for the larger market share in 2028. In the realm of manufacturing, faults can manifest in diverse forms, ranging from structural faults and dimensional variations to cosmetic blemishes and functional shortcomings. These issues can have a significant impact on a product's performance, reliability, safety, and aesthetics. Therefore, fault detection is not only about adhering to industry standards but also about upholding brand reputation and customer trust.

By end use: electronics & semiconductors end use to account for a larger market share in the forecasted year.

Electronics & semiconductors accounted for the larger market share in 2028. Rigorous quality management and visual fault detection are more critical in the electronics industry than for semiconductors. Manual inspection cannot detect various macro and microscopic defects within multiple display pixels, missing components, and small cracks, resulting in quality issues and low productivity. Hence, automatic FDC systems are used to identify macro-defects, which can be found in flat-panel displays (FPDs), such as thin-film-transistor liquid-crystal display (TFT-LCD) glass, plasma display panels (PDPs), and organic light-emitting diodes (OLEDs).

Inquiry Before Buying:

North America is expected to hold the second largest share of the fault detection and classification market during the forecast period.

North America held the second largest share of ~32% in the fault detection and classification industry in 2022.  The growth in this region is attributed to the presence of fault detection and classification system manufacturers as Cognex Corporation, Teledyne Technologies, KLA Corporation, Microsoft, etc. Moreover, North America is well known for the early adoption of new technologies that include AI, deep learning, and machine learning. Hence, manufacturers in the region are ready to integrate AI technologies into their processes to increase their production capacity and improve quality. The growing stringency of government regulations pertaining to process standardization and quality assurance across all verticals in North America is responsible for the growth of the fault detection and classification market in North America.

Key Players

The major players in fault detection and classification companies are Keyence Corporation (Japan), Cognex Corporation (US), KLA Corporation (US), Teledyne Technologies (US), OMRON Corporation (Japan), Microsoft (US), Tokyo Electron Limited (Japan), Siemens (Germany), Amazon Web Services, Inc. (US), Synopsys, Inc. (US), Applied Materials, Inc. (US), einnoSys Technologies Inc. (US), Datalogic(Italy), PDF Solutions (US), Nikon Corporation (Japan), INFICON (Switzerland), Qualitas Technologies. (India), BeyondMinds (Israel), elunic AG (Germany), Chooch Intelligence Technologies (US), KILI TECHNOLOGY (France), MobiDev (US), DWFritz Automation, LLC (US), Radiant Optronics Pte Ltd (Asia), Visionify. (US), SAMSUNG SDS (South Korea), LS ELECTRIC Co., Ltd. (South Korea), Doosan Corporation (South Korea), and Hyundai Heavy Industries (South Korea)

Get 10% Free Customization on this Report:

Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting

Related Reports: 

Surface Inspection Market by Component (Cameras, Frame Grabbers, Processors, Software), Surface Type (2D, 3D), System (Computer-based, Camera-based), Deployment Type (Traditional Systems, Robotic Cells), Vertical - Global Forecast to 2028

Machine Vision Market by Component (Hardware, Software), Deployment (General, Robotic Cells), Product (PC-based Machine Vision System, Smart Camera-based Machine Vision System), End-user Industry, Region – 2027

NDT and Inspection Market by Technique (Visual Testing, Magnetic Particle, Liquid Penetrant, Eddy-Current, Ultrasonic, Radiographic, Terahertz Imaging, Acoustic Emission), Method, Service, Application, Vertical and Region-Global Forecast, 2028

Computer Vision Market by Component (Hardware (Camera, Frame Grabber, Optics, Processor) and Software (Deep Learning and Traditional Software)), Product (PC Based and Smart Camera Based), Application, Vertical - Global Forecasts to 2023

3D Machine Vision Market with COVID-19 impact Analysis by Offering (Hardware and Software), Product (PC-based and Smart Camera-based), Application, Vertical (Industrial and Non-Industrial) & Geography - Global Forecast till 2025

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Mr. Aashish Mehra

MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
Visit Our Web Site:
Research Insight:
Content Source:



Cision View original content:

[ Back To's Homepage ]