DUBLIN , June 23, 2023 /PRNewswire/ — The “Digital Inspection: Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
The global market for Digital Inspection estimated at US$24.2 Billion in the year 2022, is projected to reach a revised size of US$39.2 Billion by 2030, growing at a CAGR of 6.2% over the analysis period 2022-2030.
Hardware, one of the segments analyzed in the report, is projected to record a 5.3% CAGR and reach US$16.7 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Software segment is readjusted to a revised 7.4% CAGR for the next 8-year period.
The U.S. Market is Estimated at $6.6 Billion, While China is Forecast to Grow at 6% CAGR
The Digital Inspection market in the U.S. is estimated at US$6.6 Billion in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$6.9 Billion by the year 2030 trailing a CAGR of 6% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.8% and 5.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.1% CAGR.
Select Competitors (Total 137 Featured) –
- Baker Hughes, a GE Company
- Basler AG
- Carl Zeiss AG
- Cognex Corporation
- FARO Technologies, Inc.
- FPrimeC Solutions, Inc.
- Hexagon AB
- MISTRAS Group, Inc.
- Mitutoyo Corporation
- National Instruments Corporation
- Nikon Metrology NV
- Olympus Corporation
- Omron Corporation
- SHINING 3D
- Zebicon a/s
- Zetec, Inc.
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- Impact of Covid-19 and a Looming Global Recession
- An Introduction to Digital Inspection
- Evolution of Inspection Methods
- Worldwide Digital Inspection Market: Prospects and Outlook
- Metrology Dominates Digital Inspection Market
- Hardware Segment Leads, Software to Propel Future Growth
- 3D Digital Inspections Set for Strong Growth
- Developed Regions Hold a Significant Share of Global Market
- Global Economic Scenario Influences Market Dynamics
- Global Economic Outlook: Real GDP Growth Rates in % by Country/Region for the Years 2018 through 2021
- Manufacturing PMI: An Important Bellwether
- Global Manufacturing Purchasing Managers’ Index (PMI) for the Years 2012 through 2019
- Digital Inspection – Global Key Competitors Percentage Market Share in 2022 (E)
- Vendors Focus on Product Innovations to Reinforce Market Positions
- Recent Market Activity
- Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Inherent Benefits of Digital Inspection Technologies over Traditional Inspection Techniques Drives Market Growth
- Digital Platforms Find Increasing Adoption to Streamline Facility Inspections
- Robust Opportunity for Precision Parts Manufacturing Pushes Up the Importance of Digital Inspection Technologies
- Global Parts & Components Market (in US$ Billion) for the Years 2020, 2022 and 2024
- Digital Inspection Gains Strong Foothold in the Manufacturing Industry
- Top 10 Countries in Terms of Manufacturing Output: 2018
- Growing Adoption of Industrial Automation Solutions Spurs Need for Digital Inspection
- Industrial Control & Factory Automation Market Size in US$ Billion for 2019, 2022 and 2025
- With Manufacturing Moving towards Industry 4.0, Digital Inspections Become Integral to Production Processes
- Shift towards Industry 4.0 Drives Opportunities in Digital Inspections Market: Global Industry 4.0 Revenues in US$ Billion for 2019, 2021, 2023 and 2025
- Ongoing Digitization of Oil & Gas Industry Gives Impetus to Digital Inspection Market
- Use of Drones in Oil & Gas Inspections Continues to Grow
- Rapidly Expanding Natural Gas Production & Intensified Shale Gas Programs Spur Demand for Digital Inspections in Oil & Gas Sector
- Worldwide E&P Capital Spending in $ Billion by Region and Type of Company for the Period 2017-2019
- Robust Activity in the Renewable Energy Sector Spurs Market Opportunities in 3D Metrology Space
- Automation and Focus on Improving Productivity and Quality Drive Demand for Digital Inspections in Automotive Industry
- Global Passenger Car Production (In Million Units) for the Years 2010, 2016, 2020, and 2024
- Global Passenger Car Sales (In Million Units) for the Years 2010-2024
- High Growth Opportunities for Digital Inspection in Automotive Repair
- Digital Inspection Emerges as a Handy Tool for Electronics Industry
- Accurate 3D Metrology in Semiconductor and Electronics Industries Necessitates Enhanced Cameras
- Food & Beverages: A Niche End-Use Sector
- Global Packaged Food Sales in US$ Trillion: 2014-2024
- Growing Importance of QC in Food & Beverage Industry
- Sophisticated Inspection Equipment for Inspecting Packaging of Food Products and Beverages
- Inspections Solutions Gain Traction in Detecting Imperfections in Aerospace Materials
- Aerospace Industry Makes Use of Non-Contact Metrology
- Progressive Growth in the Commercial Aviation Sector Creates Fertile Environment
- Global Commercial Aircraft Fleet Size (in Units) by Aircraft Type for the Years 2018 and 2038
- Global Commercial Aircraft Fleet Size (in Units) by Geographic Region for the Years 2018 & 2038
- Aging Aircraft Widen Addressable Market for NDT Technology
- Global Average Aircraft Fleet Age (In Years) by Geographic Region/Country for Cumulative Period 2018-2023 and 2023-2028
- Metrology: A Key Technology for Digital Inspections
- Increasing Demand for Portable Metrology Solutions Drives the Metrology Software Market
- Digital Inspection Technologies Seek to Widen Scope & Span in Machine Vision Ecosystem
- Established Role of NDT in Condition Monitoring Bodes Well for the Market
- Visual Inspection Testing Exhibits High Growth
- Eddy Current Testing Holds Immense Potential
- Ultrasonic NDT Testing Remains a Prominent Technique
- Radiographic Testing Accelerates Market Expansion
- Innovative Digital Technologies to Impact Inspection Industry
- AI Paves the Way for Digital Solutions in Industrial Inspection
- Innovative Technologies to Significantly Reduce Inspection Costs in Oil & Gas Sector
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/bbvag0
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Media Contact:
Research and Markets
Laura Wood, Senior Manager
[email protected]
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll ours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg
SOURCE Research and Markets
