Market Analysis
The global digital inspection market will touch USD 32.5 billion at a 6.63% CAGR during the forecast period 2020- 2027, states the latest Market Research Future (MRFR) analysis. A digital inspection is an inspection done through technicians through devices like laptops or tablets to record the results. Various forms of software are used in digital inspections.
Various factors are fuelling the global digital inspection market growth. As per the recent MRFR market estimates, such factors include increasing need for recording and storing test results in various industries such as electrical and electronics equipment industry, food and beverages, aviation, oil and gas, and automotive, the demand for accurate inspection of 3D data, considerable focus on quality control, adoption of metrology digital inspection tools in real estate sector to perform property assessment such as energy audit, windstorm inspection, home inspection, and building inspection, wide adoption of digital inspection solutions in different industries such as mechanics, engineering, transportation, security service providers, fire response unit, government bodies, military, and healthcare, growing adoption of industrial automation, technological benefits over traditional methods, growing consumer awareness increasing the bar of safety quality standards, and the need for digital inspection of electrical components such as solenoids and fuses.
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On the contrary, high deployment and system cost and the impact of the COVID-19 pandemic may limit the global digital inspection market growth over the forecast period.
Market Segmentation
The MRFR report throws light on an inclusive segmental analysis of the global digital inspection market based on technology, solution, dimension, and application.
By technology, the global digital inspection market is segmented into non-destructive testing (NDT), metrology, and machine vision. Of these, the NDT segment will lead the market over the forecast period.
By solution, the global digital inspection market is segmented into software and hardware. The hardware segment is again segmented into digital multi-meters, USB digital microscope, and video borescope. The software segment is again segmented into horizon inspection software, HomeInspect, Qwerks, and Action Card. Of these, the hardware segment will dominate the market over the forecast period.
By dimension, the global digital inspection market is segmented into 2D 3D. Of these, the 3D segment will spearhead the market over the forecast period.
By application, the global digital inspection market is segmented into public infrastructure, food and beverages, energy and power, automotive, aerospace and defence, oil and gas, electronics and semiconductor, manufacturing, and others. Of these, the manufacturing segment will have the lions share in the market over the forecast period.
Regional Analysis
By region, the global digital inspection market covers the recent trends and growth opportunity across Europe, the Asia Pacific (APAC), North America, and Rest of the World (Row). Of these, North America will reign the market over the forecast period. Major players present in different verticals like energy and power, public infrastructure, aerospace and defence, and automotive in the US, and the region being the hub for power generation and manufacturing verticals are adding to the global digital inspection market growth in the region.
In the APAC region, the global digital inspection market is predicted to have healthy growth over the forecast period. Huge demand for digital inspection systems, India, Japan, and China investing in automation to improve business revenue, increasing population, government initiatives to promote industrial growth, accelerating economies both developing and developed, ideal destination for production units for different verticals like automotive, electronics, and semiconductor, advances in economic growth, construction of power plants, and infrastructural developments are adding to the global digital inspection market growth in the region.
In Europe, the global digital inspection market is predicted to have admirable growth over the forecast period for the adoption of digital inspection solutions and the region being an emerging hub for energy and power industries, automotive, and manufacturing.
Key Players
Leading players profiled in the global digital inspection market report include SUALAB (South Korea), Zebicon (Denmark), Shinning 3D Tech (China), FPrimeC Solutions (Canada), iPromar (Singapore), Keyence (Japan), National Instruments (US), GOM (Germany), Mitutoyo (Japan), Carl Zeiss (Germany), OMRON (Japan), Basler (Germany), FARO Technologies (U.S.), Zetec (US), Nikon (Japan), Cognex (US), Hexagon (Sweden), Olympus (Japan), MISTRAS Group (U.S.), and General Electric (U.S.), among others.
Industry Updates
May 2021- HCSS has introduced its latest version of HCSS Aerial, a data analytics platform that is drone-based. It contains digital inspection enhancements and design visualization.
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Table of Contents
1 Executive Summary
2 Scope of The Report
2.1 Market Definition
2.2 Scope of The Study
2.2.1 Research Objectives
2.2.2 Assumptions Limitations
2.3 Market Structure
Continued…
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