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Digital Inspection Market by Technology (Machine Vision, Metrology, and NDT), Offering, Dimension, Vertical (Manufacturing, Electronics, Oil & Gas, Aerospace & Defense, Automotive, Power, Food & Pharmaceuticals), and Geography - Global Forecast to 2023

Digital Inspection Market by Technology (Machine Vision, Metrology, and NDT), Offering, Dimension, Vertical (Manufacturing, Electronics, Oil & Gas, Aerospace & Defense, Automotive, Power, Food & Pharmaceuticals), and Geography - Global Forecast to 2023

“Digital inspection market projected to grow at a CAGR of 7.2% between 2018 and 2023”
The digital inspection market is expected to grow from USD 19.66 billion in 2018 to USD 27.84 billion by 2023, at a CAGR of 7.2% between 2018 and 2023. The growth of this market is driven by the growing adoption of industrial automation, technological advantages over traditional methods, and increasing consumer awareness raising the bar of safety and quality standards. The major restraint for this market is high system and deployment costs.

“Digital inspection market for NDT technology estimated to grow at the highest CAGR”
The market for NDT technology is expected to grow at the highest CAGR during the forecast period. The growth of this market can be attributed to the continuous advancements in electronics, and automation and robotics, and the increasing adoption of IoT solutions. Automated NDT equipment is preferred in verticals such as power generation, energy and power, mining, and aerospace.

“Digital inspection market for hardware to hold the largest share of the market during the forecast period”
The market for hardware is expected to lead the market between 2018 and 2023. The advent of new technologies has led to the development of compact and cost-effective hardware for digital inspection systems. Also, digital inspection is widely being adopted in manufacturing, electronics and semiconductor, oil & gas, energy and power sectors, among others, to maintain high-quality standards and safety at workplace. This, in turn, is driving the growth of the digital inspection market for hardware.

“Digital inspection market in APAC to grow at the highest CAGR during the forecast period”
The market in APAC is expected to grow at the highest CAGR between 2018 and 2023. Increasing population, accelerating economies (developed as well as developing), and government initiatives to promote industrial growth have made APAC an ideal destination for production units for various verticals, such as semiconductor, electronics, and automotive. Advancements in terms of economic growth, infrastructural developments, and construction of power plants are expected to boost the growth of the digital inspection market in APAC in the coming years.
Breakdown of the profile of primary participants:
• By Company Type: Tier 1 = 30 %, Tier 2 = 45%, and Tier 3 = 25%
• By Designation: C-Level Executives = 67%, Directors = 33%
• By Region: Americas = 50%, Europe = 25%, APAC = 20%, and RoW = 5%

Major players in the digital inspection market include General Electric (US), MISTRAS Group (US), Olympus (Japan), Hexagon (Sweden), Cognex (US), Nikon (Japan), Zetec (US), FARO Technologies (US), Basler (Germany), OMRON (Japan), Carl Zeiss (Germany), Mitutoyo (Japan), GOM (Germany), National Instruments (US), and Keyence (Japan). Key innovators in the market are iPromar (Singapore), FPrimeC Solutions (Canada), Shinning 3D Tech (China), Zebicon(Denmark), and SUALAB (South Korea).

Research Coverage
The study segments the digital inspection market on the basis of technology into machine vision, metrology
and NDT. The market has been segmented on the basis of offering into hardware, software, and services. On the basis of dimension, the market has been segmented into 2D and 3D. The study covers verticals such as manufacturing, electronics and semiconductor, oil & gas, aerospace & defense, automotive, energy and power, public infrastructure, food and pharmaceuticals, and others. Furthermore, the report forecasts the market size for various segments with regard to 4 main regions—the Americas, Europe, Asia Pacific (APAC), and Rest of the World (RoW).

Reasons to Buy the Report
The report would help market leaders/new entrants in the digital inspection market in the following ways:
1. This report segments the digital inspection market comprehensively and provides the closest approximations of the overall market size, as well as that of the subsegments across different verticals and regions.
2. The report helps stakeholders understand the pulse of the market and provides information on key market drivers, restraints, challenges, and opportunities.
3. This report would help stakeholders understand their competitors better and gain more insights to enhance their position in the business. The competitive landscape section includes competitor ecosystem, product developments, partnerships, and mergers and acquisitions in the digital inspection market.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • DEFINITION
    • STUDY SCOPE
      • MARKETS COVERED
      • GEOGRAPHIC SCOPE
      • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • LIMITATIONS
    • MARKET STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
      • SECONDARY AND PRIMARY RESEARCH
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • MARKET RANKING ESTIMATION
    • MARKET BREAKDOWN AND DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • ATTRACTIVE OPPORTUNITIES IN THE DIGITAL INSPECTION MARKET
    • DIGITAL INSPECTION MARKET, BY TECHNOLOGY
    • DIGITAL INSPECTION MARKET IN APAC,BY VERTICAL AND COUNTRY
    • DIGITAL INSPECTION MARKET, BY REGION
    • COUNTRY-WISE ANALYSIS OF THE DIGITAL INSPECTION MARKET
    • DIGITAL INSPECTION MARKET, BY DIMENSION
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
    • VALUE CHAIN ANALYSIS
  • DIGITAL INSPECTION MARKET, BY TECHNOLOGY
    • INTRODUCTION
      • Table DIGITAL INSPECTION MARKET, BY TECHNOLOGY, 2015-2023 (USD MILLION)
    • MACHINE VISION
      • Table DIGITAL INSPECTION MARKET FOR MACHINE VISION, BY VERTICAL, 2015-2023 (USD MILLION)
      • Table DIGITAL INSPECTION MARKET FOR MACHINE VISION, BY REGION, 2015-2023 (USD MILLION)
    • METROLOGY
      • Table DIGITAL INSPECTION MARKET FOR METROLOGY, BY VERTICAL, 2015-2023 (USD MILLION)
      • Table DIGITAL INSPECTION MARKET FOR METROLOGY, BY REGION, 2015-2023 (USD MILLION)
    • NDT
      • Table DIGITAL INSPECTION MARKET, BY NDT TECHNOLOGY, 2015-2023 (USD MILLION)
      • Table DIGITAL INSPECTION MARKET FOR NDT, BY VERTICAL, 2015-2023 (USD MILLION)
      • Table DIGITAL INSPECTION MARKET FOR NDT, BY REGION, 2015-2023 (USD MILLION)
      • VISUAL INSPECTION
        • Table DIGITAL INSPECTION MARKET FOR VISUAL INSPECTION, BY VERTICAL, 2015-2023 (USD MILLION)
        • Table DIGITAL INSPECTION MARKET FOR VISUAL INSPECTION, BY REGION, 2015-2023 (USD MILLION)
      • ULTRASONIC
        • Table DIGITAL INSPECTION MARKET FOR ULTRASONIC, BY VERTICAL, 2015-2023 (USD MILLION)
        • Table DIGITAL INSPECTION MARKET FOR ULTRASONIC, BY REGION, 2015-2023 (USD MILLION)
      • EDDY CURRENT
        • Table DIGITAL INSPECTION MARKET FOR EDDY CURRENT, BY VERTICAL, 2015-2023 (USD MILLION)
        • Table DIGITAL INSPECTION MARKET FOR EDDY CURRENT, BY REGION, 2015-2023 (USD MILLION)
      • RADIOGRAPHY
        • Table DIGITAL INSPECTION MARKET FOR RADIOGRAPHY, BY VERTICAL, 2015-2023 (USD MILLION)
        • Table DIGITAL INSPECTION MARKET FOR RADIOGRAPHY, BY REGION, 2015-2023 (USD MILLION)
  • DIGITAL INSPECTION MARKET, BY OFFERING
    • INTRODUCTION
      • Table DIGITAL INSPECTION MARKET, BY OFFERING, 2015-2023 (USD MILLION)
    • HARDWARE
    • SOFTWARE
    • SERVICES
  • DIGITAL INSPECTION MARKET, BY DIMENSION
    • INTRODUCTION
      • Table DIGITAL INSPECTION MARKET, BY DIMENSION, 2015-2023 (USD MILLION)
    • 2D
      • Table MARKET FOR 2D DIGITAL INSPECTION, BY TECHNOLOGY, 2015-2023 (USD MILLION)
      • Table MARKET FOR 2D DIGITAL INSPECTION, BY VERTICAL, 2015-2023 (USD MILLION)
    • 3D
      • Table MARKET FOR 3D DIGITAL INSPECTION, BY TECHNOLOGY, 2015-2023 (USD MILLION)
      • Table MARKET FOR 3D DIGITAL INSPECTION, BY VERTICAL, 2015-2023 (USD MILLION)
  • DIGITAL INSPECTION MARKET, BY VERTICAL
    • INTRODUCTION
      • Table DIGITAL INSPECTION MARKET, BY VERTICAL, 2015-2023 (USD MILLION)
    • MANUFACTURING
      • Table DIGITAL INSPECTION MARKET FOR MANUFACTURING VERTICAL, BY TECHNOLOGY, 2015-2023 (USD MILLION)
      • Table DIGITAL INSPECTION MARKET FOR MANUFACTURING VERTICAL, BY NDT TECHNOLOGY, 2015-2023 (USD MILLION)
      • Table DIGITAL INSPECTION MARKET FOR MANUFACTURING VERTICAL, BY REGION, 2015-2023 (USD MILLION)
    • ELECTRONICS AND SEMICONDUCTOR
      • Table DIGITAL INSPECTION MARKET FOR ELECTRONICS AND SEMICONDUCTOR VERTICAL, BY TECHNOLOGY, 2015-2023 (USD MILLION)
      • Table DIGITAL INSPECTION MARKET FOR ELECTRONICS AND SEMICONDUCTOR VERTICAL, BY REGION, 2015-2023 (USD MILLION)
    • OIL & GAS
      • Table DIGITAL INSPECTION MARKET FOR OIL & GAS VERTICAL, BY TECHNOLOGY, 2015-2023 (USD MILLION)
      • Table DIGITAL INSPECTION MARKET FOR OIL & GAS VERTICAL, BY NDT TECHNOLOGY, 2015-2023 (USD MILLION)
      • Table DIGITAL INSPECTION MARKET FOR OIL & GAS VERTICAL, BY REGION, 2015-2023 (USD MILLION)
    • AEROSPACE & DEFENSE
      • Table DIGITAL INSPECTION MARKET FOR AEROSPACE & DEFENSE VERTICAL, BY TECHNOLOGY, 2015-2023 (USD MILLION)
      • Table DIGITAL INSPECTION MARKET FOR AEROSPACE & DEFENSE VERTICAL, BY NDT TECHNOLOGY, 2015-2023 (USD MILLION)
      • Table DIGITAL INSPECTION MARKET FOR AEROSPACE & DEFENSE VERTICAL, BY REGION, 2015-2023 (USD MILLION)
    • AUTOMOTIVE
      • Table DIGITAL INSPECTION MARKET FOR AUTOMOTIVE VERTICAL, BY TECHNOLOGY, 2015-2023 (USD MILLION)
      • Table DIGITAL INSPECTION MARKET FOR AUTOMOTIVE VERTICAL, BY NDT TECHNOLOGY, 2015-2023 (USD MILLION)
      • Table DIGITAL INSPECTION MARKET FOR AUTOMOTIVE VERTICAL, BY REGION, 2015-2023 (USD MILLION)
    • ENERGY AND POWER
      • Table DIGITAL INSPECTION MARKET FOR ENERGY AND POWER VERTICAL, BY TECHNOLOGY, 2015-2023 (USD MILLION)
      • Table DIGITAL INSPECTION MARKET FOR ENERGY AND POWER VERTICAL, BY NDT TECHNOLOGY, 2015-2023 (USD MILLION)
      • Table DIGITAL INSPECTION MARKET FOR ENERGY AND POWER VERTICAL, BY REGION, 2015-2023 (USD MILLION)
    • PUBLIC INFRASTRUCTURE
      • Table DIGITAL INSPECTION MARKET FOR PUBLIC INFRASTRUCTURE VERTICAL, BY TECHNOLOGY, 2015-2023 (USD MILLION)
      • Table DIGITAL INSPECTION MARKET FOR PUBLIC INFRASTRUCTURE VERTICAL, BY NDT TECHNOLOGY, 2015-2023 (USD MILLION)
      • Table DIGITAL INSPECTION MARKET FOR PUBLIC INFRASTRUCTURE VERTICAL, BY REGION, 2015-2023 (USD MILLION)
    • FOOD AND PHARMACEUTICALS
      • Table DIGITAL INSPECTION MARKET FOR FOOD AND PHARMACEUTICALS VERTICAL, BY TECHNOLOGY, 2015-2023 (USD MILLION)
      • Table DIGITAL INSPECTION MARKET FOR FOOD AND PHARMACEUTICALS VERTICAL, BY REGION, 2015-2023 (USD MILLION)
    • OTHERS
      • RUBBER, PLASTICS, AND POLYMERS
      • GLASS
      • PRINTING
      • WOOD, PAPER, AND PULP
        • Table DIGITAL INSPECTION MARKET FOR OTHER VERTICALS, BY TECHNOLOGY, 2015-2023 (USD MILLION)
        • Table DIGITAL INSPECTION MARKET FOR OTHER VERTICALS, BY NDT TECHNOLOGY, 2015-2023 (USD MILLION)
        • Table DIGITAL INSPECTION MARKET FOR OTHER VERTICALS, BY REGION, 2015-2023 (USD MILLION)
  • GEOGRAPHIC ANALYSIS
    • INTRODUCTION
      • Table DIGITAL INSPECTION MARKET, BY REGION, 2015-2023 (USD MILLION)
    • AMERICAS
      • Table DIGITAL INSPECTION MARKET IN THE AMERICAS, BY COUNTRY, 2015-2023 (USD MILLION)
      • Table DIGITAL INSPECTION MARKET IN THE AMERICAS, BY TECHNOLOGY, 2015-2023 (USD MILLION)
      • Table DIGITAL INSPECTION MARKET IN THE AMERICAS, BY NDT TECHNOLOGY, 2015-2023 (USD MILLION)
      • Table DIGITAL INSPECTION MARKET IN THE AMERICAS, BY VERTICAL, 2015-2023 (USD MILLION)
      • US
      • CANADA
      • MEXICO
      • BRAZIL
      • REST OF AMERICAS
    • EUROPE
      • Table DIGITAL INSPECTION MARKET IN EUROPE, BY COUNTRY, 2015-2023 (USD MILLION)
      • Table DIGITAL INSPECTION MARKET IN EUROPE, BY TECHNOLOGY, 2015-2023 (USD MILLION)
      • Table DIGITAL INSPECTION MARKET IN EUROPE, BY NDT TECHNOLOGY, 2015-2023 (USD MILLION)
      • Table DIGITAL INSPECTION MARKET IN EUROPE, BY VERTICAL, 2015-2023 (USD MILLION)
      • GERMANY
      • FRANCE
      • UK
      • ITALY
      • SPAIN
      • REST OF EUROPE
    • APAC
      • Table DIGITAL INSPECTION MARKET IN APAC, BY COUNTRY, 2015-2023 (USD MILLION)
      • Table DIGITAL INSPECTION MARKET IN APAC, BY TECHNOLOGY, 2015-2023 (USD MILLION)
      • Table DIGITAL INSPECTION MARKET IN APAC, BY NDT TECHNOLOGY, 2015-2023 (USD MILLION)
      • Table DIGITAL INSPECTION MARKET IN APAC, BY VERTICAL, 2015-2023 (USD MILLION)
      • CHINA
      • JAPAN
      • SOUTH KOREA
      • INDIA
      • REST OF APAC
    • ROW
      • Table DIGITAL INSPECTION MARKET IN ROW, BY REGION, 2015-2023 (USD MILLION)
      • Table DIGITAL INSPECTION MARKET IN ROW, BY TECHNOLOGY, 2015-2023 (USD MILLION)
      • Table DIGITAL INSPECTION MARKET IN ROW, BY NDT TECHNOLOGY, 2015-2023 (USD MILLION)
      • Table DIGITAL INSPECTION MARKET IN ROW, BY VERTICAL, 2015-2023 (USD MILLION)
      • MIDDLE EAST
      • AFRICA
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • MARKET RANKING ANALYSIS
      • Table RANKING OF TOP 3 PLAYERS IN THE DIGITAL INSPECTION MARKET FOR NDT TECHNOLOGY IN 2017
      • Table RANKING OF TOP 3 PLAYERS IN THE DIGITAL INSPECTION MARKET FOR MACHINE VISION TECHNOLOGY IN 2017
      • Table RANKING OF TOP 3 PLAYERS IN THE DIGITAL INSPECTION MARKET FOR METROLOGY TECHNOLOGY IN 2017
    • COMPETITIVE SCENARIO
      • PRODUCT LAUNCHES
        • Table 10 MOST RECENT PRODUCT LAUNCHES IN THE DIGITAL INSPECTION MARKET
      • ACQUISITIONS AND PARTNERSHIPS
        • Table 10 MOST RECENT ACQUISITIONS AND PARTNERSHIPS IN THE DIGITAL INSPECTION MARKET
      • CONTRACTS AND COLLABORATIONS
        • Table 5 RECENT CONTRACTS AND COLLABORATIONS IN THE DIGITAL INSPECTION MARKET
      • EXPANSIONS
        • Table 5 RECENT EXPANSIONS IN THE DIGITAL INSPECTION MARKET
  • COMPANY PROFILES
    • INTRODUCTION
    • KEY PLAYERS
      • GENERAL ELECTRIC
      • MISTRAS GROUP
      • OLYMPUS
      • HEXAGON
      • COGNEX
      • NIKON
      • ZETEC
      • FARO TECHNOLOGIES
      • BASLER
      • OMRON
    • OTHER KEY PLAYERS
      • CARL ZEISS
      • MITUTOYO
      • GOM
      • NATIONAL INSTRUMENTS
      • KEYENCE
    • KEY INNOVATORS
      • IPROMAR
      • FPRIMEC SOLUTIONS
      • SHINING 3D TECH
      • ZEBICON
      • SUALAB
  • APPENDIX
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTIONPORTAL
    • INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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