Digital Inspection Market Analysis by Technology, Offering, Dimension, Vertical, and Region 2023-2032

Digital Inspection Market Outlook-2032

Initially, inspection was done manually, and the results and readings were recorded on paper. The manual inspection consumes lot of time and also requires skilled labor or technicians. There are some places where the manual inspection is not feasible, and hence there is need to develop an automated inspection system. Digital inspections are inspections performed by technicians with the help of devices such as laptops or tablets to record the results.

The technological benefits of digital inspection over the traditional methods is the key factor that drives the growth of the digital inspection market. Furthermore, increase in adoption of industrial automation fuel the growth of the digital inspection market. In addition, growth in consumer awareness rises safety and quality standards, which further boost the market growth. However, high system and deployment costs restrain the growth of the digital inspection market.

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Digital Inspection Market
Digital Inspection Market

The market of digital inspection is highly competitive and the key strategies adopted by the key players are new product launch, product development, business expansion, merger, and acquisition. MISTRAS Group is one of the leading players in the digital inspection market. For instance, in December 2018, MISTRAS Group has acquired Onstream Pipeline Inspection Services, Inc., one of the leading providers of proprietary technology. The acquisition of Onstream creates an opportunity to diversify MISTRAS Group business. It enables MISTRAS Group to leverage their strength in the midstream market.

The major factors that drive the growth of the digital inspection market include technological benefits over traditional methods, increase in adoption of industrial automation, and rise in consumer awareness that create need for safety and quality standards. However, high system and deployment costs restrain the market growth. Each of these factors is anticipated to have a definite impact on the digital inspection market size during the forecast period.

The digital inspection market is segmented based on technology, offering, dimension, vertical, and region. Based on technology, the market is categorized into machine vision, metrology, and NDT. On the basis of offering, it is divided into hardware, software, and services. Based on dimension, it is bifurcated into 2D and 3D. By vertical, it is segmented into manufacturing, electronics, oil & gas, aerospace & defense, automotive, power, food & pharmaceuticals, and others. Based on region, the market is analyzed across Europe, Asia pacific, North America, and LAMEA.

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The major companies profiled in the global digital inspection market include General Electric, MISTRAS Group, Olympus, Hexagon, Cognex, Nikon, Zetec, FARO Technologies, Basler, OMRON, and others.

KEY BENEFITS FOR STAKEHOLDERS

  • This study comprises analytical depiction of the global digital inspection market trends with current trends and future estimations to depict the imminent investment pockets.
  • The overall potential is determined to understand the profitable trends to gain a stronger foothold.
  • The global digital inspection market analysis report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
  • The current digital inspection market forecast is quantitatively analyzed to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.

Digital Inspection Market Report Highlights

By Technology

• Machine Vision

• Metrology

• NDT

By Offering

• Hardware

• Software

• Services

By Dimension

• 2D

• 3D

By Industry Vertical

• Manufacturing

• Electronics

• Oil & Gas

• Aerospace & Defense

• Automotive

• Power

• Food & Pharmaceuticals

• Others

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