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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

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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?

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  • 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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