Global Digital Inspection Strategic Market Report 2023: Industry to Reach $39.2 Billion by 2030 from $24.2 in 2022 - Growing Adoption of Industrial Automation Solutions Spurs Demand


Dublin, Oct. 24, 2023 (GLOBE NEWSWIRE) -- The "Digital Inspection - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Global Digital Inspection Market to Reach $39.2 Billion by 2030

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 5.3% CAGR and reach US$16.7 Billion by the end of the analysis period. Growth in the Software segment is estimated at 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.

What`s New?

  • Special discussions on the global economic climate and market sentiment
  • Coverage on global competitiveness and key competitor percentage market shares
  • Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and trademarked research platform
  • Complimentary updates for one year
  • Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes

MARKET OVERVIEW

  • Influencer Market Insights
  • 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)

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

FOCUS ON SELECT PLAYERS(Total 137 Featured)

  • Basler AG (Germany)
  • Baker Hughes, a GE Company (USA)
  • Carl Zeiss AG (Germany)
  • Carl-Zeiss Industrial Metrology LLC (USA)
  • Cognex Corporation (USA)
  • FARO Technologies, Inc. (USA)
  • FPrimeC Solutions, Inc. (Canada)
  • Hexagon AB (Sweden)
  • MISTRAS Group, Inc. (USA)
  • Mitutoyo Corporation (Japan)
  • National Instruments Corporation (USA)
  • Nikon Metrology NV (Belgium)
  • Olympus Corporation (Japan)
  • Omron Corporation (Japan)
  • SHINING 3D (China)
  • Zebicon a/s (Denmark)
  • Zetec, Inc. (USA)

For more information about this report visit https://www.researchandmarkets.com/r/2mffi5

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