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
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.
CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood,Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900