Global Digital Inspection Market size, Insights, Prospects, Growth Trends, Key Trends, Opportunities and Forecast until 2025
Data
Bridge Market Research has recently added a concise research on Global Digital Inspection Market to
depict valuable insights related to significant market trends driving the
industry. The report features analysis based on key opportunities and
challenges confronted by market leaders while highlighting their competitive
setting and corporate strategies for the estimated timeline. Some are the key
& emerging players that are part of coverage and have being profiled are Mitutoyo
America Corporation, Cognex Corporation, KEYENCE CORPORATION, OMRON
Corporation, Gom, Shining 3D Tech,
iPromar and Fprimec Solutions among others.
Analysis of Global Digital Inspection
Market report:
The Global Digital Inspection Market accounted for USD 17.10 billion in 2017
and is projected to grow at a CAGR of 7.2% during the forecast period of 2018 to
2025. The upcoming market report contains data for historic years 2016, the
base year of calculation is 2017 and the forecast period is 2018 to 2025.
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Definition:
Digital inspection offers real time video inspection for gross imaging, quality control, teaching, electronics inspection, forensics and assembly. It also delivers non-destructive testing (NDT) equipment and solutions consisting remote visual inspection, eddy current, radiography, computed tomography, ultrasound and hardness testing products. This technology is majorly used in sectors comprising automotive, manufacturing, electronics and semiconductor, aerospace and defense, food and pharmaceuticals and others. Expansion in technology over traditional methods is one of the factors which are fueling the market lucratively. For instanceOlympus Corporation launched MX63 and MX63L industrial microscopes for inspection of semiconductors and flat panel displays (FPDs) in July 2017. This helps in effective defects detection which was earlier difficult to find using past observation techniques. Another example which helps in driving the digital inspection market is increasing adoption of industrial automation rapidly. In 2016, globally, shipments of industrial robots were about 294,000 units, which came up from159, 000 in 2012, as stated by Statista. This is significantly driving the market demand over the past few years.
Major Market Drivers and Restraints:
·
Rising adoption of industrial automation
·
Growing awareness with respect to safety and quality
standards
·
Adaption of modern technology over traditional methods
·
Rapid industrialization in emerging economies
·
High system and deployment costs
Top Manufacturers Profiles Operating
in the Global Digital Inspection Market:
Top
players operating in the global digital inspection market consist of FARO Technologies, Inc., GENERAL ELECTRIC,
HEXAGON, Nikon, MISTRAS Group, Inc., Carl Zeiss, Basler AG, National
Instruments, Olympus Corporation, Zetec, Inc.
Global Digital Inspection Market
Segmentation:
·
The global digital inspection market is
segmented based on offering, technology, dimension, end-user and geographical
segments.
·
Based on offering, the global digital inspection
market is segmented into hardware, software and services.
·
On the basis of technology, the global digital
inspection market is segmented into machine vision, NDT and metrology. NDT are
sub segmented into visual inspection, radiography, ultrasonic and eddy current.
·
On the basis of dimension, the global digital
inspection market is segmented into 2 dimensions and 3 dimensions.
·
On the basis of end-user, the global digital
inspection market is segmented into electronics and semiconductor, automotive,
aerospace and defense, manufacturing, public infrastructure, oil and gas,
energy, food and pharmaceuticals and others. Other segment consists of glass,
rubber, plastics, and polymers, printing, wood, paper, and pulp.
·
Based on geography, the global digital
inspection market report covers data points for 28 countries across multiple
geographies such as North America, South America, Europe, Asia-Pacific and
Middle East & Africa.
Competitive Landscape:
The global digital
inspection market is consolidated due to the presence of limited number of
players concentrated in few countries. These major players have adopted various
organic as well as inorganic growth strategies such as mergers &
acquisitions, new product launches, expansions, agreements, joint ventures,
partnerships, and others to strengthen their position in this market.
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