Digital Inspection Market Research Report – Forecast to 2027

Digital Inspection Market Research Report, Technology (Machine vision, Metrology, NDT), Solution (Hardware, Software), Dimension (2D, 3D) Application (Manufacturing, Oil & Gas, Aerospace & Defense, Automotive, Food & Beverages) – Global Forecast till 2027

ID: MRFR/ICT/4683-HCR | February 2021 | Region: Global | 100 pages

Market synopsis


Digital Inspection enables engineers to test, measure, and perform inspection of any electronic equipment or automation tool with the help of devices which are digitally connected to a laptop or a tablet to store and record the results electronically. Earlier, organizations used paper-based inspection systems. Multiple inspections were recorded on paper in different format which was time consuming with low accuracy and efficiency. However, with the adoption of digital inspection solutions, organizations can address the issues posed by paper-based inspection systems. Digital inspection solutions include non-destructive testing solutions and technologies such as radiography, computed tomography, and remote visual inspection. Various digital inspection equipment are available in the market such as Video Borescope, USB Digital Microscope, App based Ultrasonic flaw detectors, digital multi-meters, digital testers, and digital calipers. Modern day digital inspection solutions are used to perform corrosion assessment of pipelines in Oil & Gas industry, inspection of aircraft engines in Aviation and visual inspection of equipment in Food & Beverage industry.


The digital inspection market is expected to see a rapid growth during the forecast period due to the increasing demand for storing and recording the test results in industries such as Automotive, Oil & Gas, Aviation, Food & Beverages, and Electrical & Electronics equipment industry. The demand for accurate inspection of 3D data and a considerable focus on quality control gives rise to the adoption of Metrology which is a critical factor that fuels the growth of digital inspection market. Digital inspection of electrical components like fuses, solenoids, electrical & electronic assemblies is also a factor driving the growth of digital inspection market globally. Digital Inspection tools are also being deployed in the real estate sector to perform property assessment including building inspection, home inspection, windstorm inspection and energy audit which also triggers the growth of global digital inspection market. Other industries which are adopting digital inspection solutions are healthcare, military, government bodies, fire response unit, security service providers, transportation, engineering, and mechanics.


Moreover, digital inspection enables quicker inspection turnaround time, rapid generation of reports, substantial cost savings, and addresses the challenges in the paper-based inspection system. Replacing the pen and paper inspection with digital inspection will improve the operational efficiencies.                                        


Segmentation


On the basis of technology, the Digital Inspection market is segmented into machine vision, metrology, Non-Destructive Testing (NDT).


On the basis of solution, the Digital Inspection market is segmented into hardware and software. Hardware-based digital inspection equipment include Video Borescope, USB Digital Microscope, and digital multi-meters. Whereas, the software-based digital inspection system include Qwerks, Action Card, HomeInspect, and Horizon Inspection software.


On the basis of dimension, the Digital Inspection market is segmented into 2D and 3D.


On the basis of application, the Digital Inspection market is segmented into manufacturing, electronics and semiconductor, oil & gas, aerospace and defense, automotive, energy and power, food & beverages, public infrastructure and others.


Global Digital Inspection Market, 2018-2023 (USD Billion)


 Digital Inspection Market


Global Digital Inspection Market is estimated to reach an approximate market value of USD 26 billion by 2023 growing with 9% CAGR during the forecast period 2018–2023.


Regional Analysis


The digital inspection market is estimated to grow at a rapid rate due to the companies focusing on increasing automation in businesses to increase flexibility, reduce costs, and eliminate human error. The geographical analysis of digital inspection market is carried out for North America, Europe (including Russia), Asia Pacific, and the Rest of the World (including the Middle East, Africa, and Latin America). Among these regions, the market at present is dominated by North America due to major players present in verticals such as automotive, aerospace & defense, public infrastructure and energy and power in the U.S.  


The growth of automation in almost all industry verticals is generating huge demand for digital inspection systems in Asia Pacific region. Countries like China, Japan and, India are focused on investing in automation to improve their business revenue and be a part of the digital transformation wave. The European region is seen as an emerging hub for manufacturing, automotive, and energy & power industries with a considerable focused on the adoption of digital inspection solutions.


Key players


Some of the major players in Digital Inspection market include General Electric (U.S.), MISTRAS Group (U.S.), Olympus (Japan), Hexagon (Sweden), Cognex (US), Nikon (Japan), Zetec (US), FARO Technologies (U.S.), Basler (Germany), OMRON (Japan), Carl Zeiss (Germany), Mitutoyo (Japan), GOM (Germany), National Instruments (US), Keyence (Japan).


Other players include iPromar (Singapore), FPrimeC Solutions (Canada), Shinning 3D Tech (China), Zebicon (Denmark), and SUALAB (South Korea).


Intended Audience



  • Original Equipment Manufacturers

  • Raw material suppliers

  • System Integrators

  • Government bodies

  • Technology Software and solutions providers.

  • Technology Service providers

  • Research Institutes and Organizations

  • Component manufacturers

  • Electronics and semiconductor manufacturers.

  • Automotive manufacturers



Report Scope:
Report Attribute/Metric Details
  Market Size   USD 26 Billion (2023)
  CAGR   9% (2018-2023)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   by Technology, Dimension
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   General Electric (U.S.), MISTRAS Group (U.S.), Olympus (Japan), Hexagon (Sweden), Cognex (US), Nikon (Japan), Zetec (US), FARO Technologies (U.S.), Basler (Germany), OMRON (Japan), Carl Zeiss (Germany), Mitutoyo (Japan), GOM (Germany), National Instruments (US), Keyence (Japan).
  Key Market Opportunities   The demand for accurate inspection of 3D data and a considerable focus on quality control gives rise to the adoption of Metrology which is a critical factor that fuels the growth of digital inspection market.
  Key Market Drivers   Increasing adoption of automation across industries is supposed to be the key driver of the digital inspection market.


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Frequently Asked Questions (FAQ) :


Increasing adoption of automation across industries is supposed to be the key driver of the digital inspection market.

By 2023, the digital inspection market is expected to be worth USD 26 Bn.

The digital inspection market is anticipated to mark 9% CAGR.

The study covers a comprehensive segmental analysis of the digital inspection market on the basis of technology, solution, dimension, and application.

General Electric (U.S.), Olympus (Japan), MISTRAS Group (U.S.), Hexagon (Sweden), Nikon (Japan), Zetec (US), Cognex (US), FARO Technologies (U.S.), OMRON (Japan), Basler (Germany), Carl Zeiss (Germany), GOM (Germany), Mitutoyo (Japan), National Instruments (US), and Keyence (Japan) are the major market players.

Table Of Contents

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Porter’s Five Forces Analysis

4.1.1 Threat Of New Entrants

4.1.2 Bargaining Power Of Buyers

4.1.3 Threat Of Substitutes

4.1.4 Rivalry

4.1.5 Bargaining Power Of Suppliers

4.2 Value Chain/Supply Chain Of Digital Inspection Market

5 Market Overview Of Digital Inspection Market

5.1 Introduction

5.2 Growth Drivers

5.3 Impact Analysis

5.4 Market Challenges

6 Market Trends

6.1 Introduction

6.2 Growth Trends

6.3 Impact Analysis

7. Digital Inspection Market By Technology

7.1 Introduction

7.2 Machine Vision

7.2.1 Market Estimates & Forecast, 2020-2027

7.2.2 Market Estimates & Forecast By Region, 2020-2027

7.3 Metrology

7.3.1 Market Estimates & Forecast, 2020-2027

7.3.2 Market Estimates & Forecast By Region, 2020-2027

7.4 Non Destructive Testing

7.4.1 Market Estimates & Forecast, 2020-2027

7.4.2 Market Estimates & Forecast By Region, 2020-2027

7.4.3 Visual Inspection

7.4.3.1 Market Estimates & Forecast, 2020-2027

7.4.3.2 Market Estimates & Forecast By Region, 2020-2027

7.4.4 Ultrasonic

7.4.4.1 Market Estimates & Forecast, 2020-2027

7.4.4.2 Market Estimates & Forecast By Region, 2020-2027

7.4.5 Eddy Current

7.4.5.1 Market Estimates & Forecast, 2020-2027

7.4.5.2 Market Estimates & Forecast By Region, 2020-2027

7.4.6 Radiography

7.4.6.1 Market Estimates & Forecast, 2020-2027

7.4.6.2 Market Estimates & Forecast By Region, 2020-2027

8. Digital Inspection Market By Solution

8.1 Introduction

8.2 Hardware

8.2.1 Market Estimates & Forecast, 2020-2027

8.2.2 Market Estimates & Forecast By Region, 2020-2027

8.2.3 Video Borescope

8.2.3.1 Market Estimates & Forecast, 2020-2027

8.2.3.2 Market Estimates & Forecast By Region, 2020-2027

8.2.4 USB Digital Microscope

8.2.4.1 Market Estimates & Forecast, 2020-2027

8.2.4.2 Market Estimates & Forecast By Region, 2020-2027

8.2.5 Digital Multi-Meters

8.2.5.1 Market Estimates & Forecast, 2020-2027

8.2.5.2 Market Estimates & Forecast By Region, 2020-2027

8.3 Software

8.3.1 Market Estimates & Forecast, 2020-2027

8.3.2 Market Estimates & Forecast By Region, 2020-2027

9. Digital Inspection Market By Dimension

9.1 Introduction

9.2 2D

9.2.1 Market Estimates & Forecast, 2020-2027

9.2.2 Market Estimates & Forecast By Region, 2020-2027

9.3 3D

9.3.1 Market Estimates & Forecast, 2020-2027

9.3.2 Market Estimates & Forecast By Region, 2020-2027

10. Digital Inspection Market By Verticals

10.1 Introduction

10.2 Manufacturing

10.2.1 Market Estimates & Forecast, 2020-2027

10.2.2 Market Estimates & Forecast By Region, 2020-2027

10.3 Electronics And Semiconductor

10.3.1 Market Estimates & Forecast, 2020-2027

10.3.2 Market Estimates & Forecast By Region, 2020-2027

10.4 Oil & Gas

10.4.1 Market Estimates & Forecast, 2020-2027

10.4.2 Market Estimates & Forecast By Region, 2020-2027

10.5 Aerospace And Defense

10.5.1 Market Estimates & Forecast, 2020-2027

10.5.2 Market Estimates & Forecast By Region, 2020-2027

10.6 Automotive

10.6.1 Market Estimates & Forecast, 2020-2027

10.6.2 Market Estimates & Forecast By Region, 2020-2027

10.7 Energy And Power

10.7.1 Market Estimates & Forecast, 2020-2027

10.7.2 Market Estimates & Forecast By Region, 2020-2027

10.8 Food And Beverages

10.8.1 Market Estimates & Forecast, 2020-2027

10.8.2 Market Estimates & Forecast By Region, 2020-2027

10.9 Others

10.9.1 Market Estimates & Forecast, 2020-2027

10.9.2 Market Estimates & Forecast By Region, 2020-2027

11. Digital Inspection Market By Region

11.1 Introduction

11.2 North America

11.2.1 Market Estimates & Forecast, 2020-2027

11.2.2 Market Estimates & Forecast By Technology, 2020-2027

11.2.3 Market Estimates & Forecast By Solution, 2020-2027

11.2.4 Market Estimates & Forecast By Dimension, 2020-2027

11.2.5 Market Estimates & Forecast By Vertical, 2020-2027

11.2.6 U.S.

11.2.6.1 Market Estimates & Forecast, 2020-2027

11.2.6.2 Market Estimates & Forecast By Technology, 2020-2027

11.2.6.3 Market Estimates & Forecast By Solution, 2020-2027

11.2.6.4 Market Estimates & Forecast By Dimension, 2020-2027

11.2.6.5 Market Estimates & Forecast By Vertical, 2020-2027

11.2.7 Mexico

11.2.7.1 Market Estimates & Forecast, 2020-2027

11.2.7.2 Market Estimates & Forecast By Technology, 2020-2027

11.2.7.3 Market Estimates & Forecast By Solution, 2020-2027

11.2.7.4 Market Estimates & Forecast By Dimension, 2020-2027

11.2.7.5 Market Estimates & Forecast By Vertical, 2020-2027

11.2.8 Canada

11.2.8.1 Market Estimates & Forecast, 2020-2027

11.2.8.2 Market Estimates & Forecast By Technology, 2020-2027

11.2.8.3 Market Estimates & Forecast By Solution, 2020-2027

11.2.8.4 Market Estimates & Forecast By Dimension, 2020-2027

11.2.8.5 Market Estimates & Forecast By Vertical, 2020-2027

11.3 Europe

11.3.1 Market Estimates & Forecast, 2020-2027

11.3.2 Market Estimates & Forecast By Technology, 2020-2027

11.3.3 Market Estimates & Forecast By Solution, 2020-2027

11.3.4 Market Estimates & Forecast By Dimension, 2020-2027

11.3.5 Market Estimates & Forecast By Vertical, 2020-2027

11.3.6 Germany

11.3.6.1 Market Estimates & Forecast, 2020-2027

11.3.6.2 Market Estimates & Forecast By Technology, 2020-2027

11.3.6.3 Market Estimates & Forecast By Solution, 2020-2027

11.3.6.4 Market Estimates & Forecast By Dimension, 2020-2027

11.3.6.5 Market Estimates & Forecast By Vertical, 2020-2027

11.3.7 France

11.3.7.1 Market Estimates & Forecast, 2020-2027

11.3.7.2 Market Estimates & Forecast By Technology, 2020-2027

11.3.7.3 Market Estimates & Forecast By Solution, 2020-2027

11.3.7.4 Market Estimates & Forecast By Dimension, 2020-2027

11.3.7.5 Market Estimates & Forecast By Vertical, 2020-2027

11.3.8 U.K

11.3.8.1 Market Estimates & Forecast, 2020-2027

11.3.8.2 Market Estimates & Forecast By Technology, 2020-2027

11.3.8.3 Market Estimates & Forecast By Solution, 2020-2027

11.3.8.4 Market Estimates & Forecast By Dimension, 2020-2027

11.3.8.5 Market Estimates & Forecast By Vertical, 2020-2027

11.4 Asia Pacific

11.4.1 Market Estimates & Forecast, 2020-2027

11.4.2 Market Estimates & Forecast By Technology, 2020-2027

11.4.3 Market Estimates & Forecast By Solution, 2020-2027

11.4.4 Market Estimates & Forecast By Dimension, 2020-2027

11.4.5 Market Estimates & Forecast By Vertical, 2020-2027

11.4.6 China

11.4.6.1 Market Estimates & Forecast, 2020-2027

11.4.6.2 Market Estimates & Forecast By Technology, 2020-2027

11.4.6.3 Market Estimates & Forecast By Solution, 2020-2027

11.4.6.4 Market Estimates & Forecast By Dimension, 2020-2027

11.4.6.5 Market Estimates & Forecast By Vertical, 2020-2027

11.4.7 India

11.4.7.1 Market Estimates & Forecast, 2020-2027

11.4.7.2 Market Estimates & Forecast By Technology, 2020-2027

11.4.7.3 Market Estimates & Forecast By Solution, 2020-2027

11.4.7.4 Market Estimates & Forecast By Dimension, 2020-2027

11.4.7.5 Market Estimates & Forecast By Vertical, 2020-2027

11.4.8 Japan

11.4.8.1 Market Estimates & Forecast, 2020-2027

11.4.8.2 Market Estimates & Forecast By Technology, 2020-2027

11.4.8.3 Market Estimates & Forecast By Solution, 2020-2027

11.4.8.4 Market Estimates & Forecast By Dimension, 2020-2027

11.4.8.5 Market Estimates & Forecast By Vertical, 2020-2027

11.4.9 Rest Of Asia Pacific

11.4.9.1 Market Estimates & Forecast, 2020-2027

11.4.9.2 Market Estimates & Forecast By Technology, 2020-2027

11.4.9.3 Market Estimates & Forecast By Solution, 2020-2027

11.4.9.4 Market Estimates & Forecast By Dimension, 2020-2027

11.4.9.5 Market Estimates & Forecast By Vertical, 2020-2027

11.5 Rest Of The World

11.5.1 Market Estimates & Forecast, 2020-2027

11.5.2 Market Estimates & Forecast By Technology, 2020-2027

11.5.3 Market Estimates & Forecast By Solution, 2020-2027

11.5.4 Market Estimates & Forecast By Dimension, 2020-2027

11.5.5 Market Estimates & Forecast By Vertical, 2020-2027

11.5.6 The Middle East & Africa

11.5.6.1 Market Estimates & Forecast, 2020-2027

11.5.6.2 Market Estimates & Forecast By Technology, 2020-2027

11.5.6.3 Market Estimates & Forecast By Solution, 2020-2027

11.5.6.4 Market Estimates & Forecast By Dimension, 2020-2027

11.5.6.5 Market Estimates & Forecast By Vertical, 2020-2027

11.5.7 Latin Countries

11.5.7.1 Market Estimates & Forecast, 2020-2027

11.5.7.2 Market Estimates & Forecast By Technology, 2020-2027

11.5.7.3 Market Estimates & Forecast By Solution, 2020-2027

11.5.7.4 Market Estimates & Forecast By Dimension, 2020-2027

11.5.7.5 Market Estimates & Forecast By Vertical, 2020-2027

12. Company Profiles

12.1 General Electric (U.S.)

12.1.1 Company Overview

12.1.2 Product/Business Segment Overview

12.1.3 Financial Updates

12.1.4 Key Developments

12.2 MISTRAS Group (U.S.)

12.2.1 Company Overview

12.2.2 Product/Business Segment Overview

12.2.3 Financial Updates

12.2.4 Key Developments

12.3 Olympus (Japan)

12.3.1 Company Overview

12.3.2 Product/Business Segment Overview

12.3.3 Financial Updates

12.3.4 Key Developments

12.4 Hexagon (Sweden)

12.4.1 Company Overview

12.4.2 Product/Business Segment Overview

12.4.3 Financial Updates

12.4.4 Key Developments

12.5 Cognex (US)

12.5.1 Company Overview

12.5.2 Product/Business Segment Overview

12.5.3 Financial Updates

12.5.4 Key Developments

12.6 Nikon (Japan)

12.6.1 Company Overview

12.6.2 Product/Business Segment Overview

12.6.3 Financial Updates

12.6.4 Key Developments

12.7 Zetec (US)

12.7.1 Company Overview

12.7.2 Product/Business Segment Overview

12.7.3 Financial Updates

12.7.4 Key Developments

12.8 FARO Technologies (U.S.)

12.8.1 Company Overview

12.8.2 Product/Business Segment Overview

12.8.3 Financial Updates

12.8.4 Key Developments

12.9 Basler (Germany)

12.9.1 Company Overview

12.9.2 Product/Business Segment Overview

12.9.3 Financial Updates

12.9.4 Key Developments

12.10 OMRON (Japan)

12.10.1 Company Overview

12.10.2 Product/Business Segment Overview

12.10.3 Financial Updates

12.10.4 Key Developments

13 Conclusion


LIST OF TABLES

Table1 Global Digital Inspection Market: By Country, 2020-2027

Table2 North America Digital Inspection Market: By Country, 2020-2027

Table3 Europe Digital Inspection Market: By Country, 2020-2027

Table4 Asia Pacific Digital Inspection Market: By Country, 2020-2027

Table5 The Middle East & Africa Digital Inspection Market: By Country, 2020-2027

Table6 Latin America Digital Inspection Market: By Country, 2020-2027

Table7 North America Digital Inspection Market, By Country

Table8 North America Digital Inspection Market, By Technology

Table9 North America Digital Inspection Market, By Solution

Table10 North America Digital Inspection Market, By Dimension

Table11 North America Digital Inspection Market, By Vertical

Table12 Europe: Digital Inspection Market, By Country

Table13 Europe: Digital Inspection Market, By Technology

Table14 Europe: Digital Inspection Market, By Solution

Table15 Europe: Digital Inspection Market, By Dimension

Table16 Europe: Digital Inspection Market, By Vertical

Table17 Asia Pacific: Digital Inspection Market, By Country

Table18 Asia Pacific: Digital Inspection Market, By Technology

Table19 Asia Pacific: Digital Inspection Market, By Solution

Table20 Asia Pacific: Digital Inspection Market, By Dimension

Table21 Asia Pacific: Digital Inspection Market, By Vertical

Table22 The Middle East & Africa: Digital Inspection Market, By Country

Table23 The Middle East & Africa Digital Inspection Market, By Technology

Table24 The Middle East & Africa Digital Inspection Market, By Solution

Table25 The Middle East & Africa Digital Inspection Market, By Dimension

Table26 The Middle East & Africa Digital Inspection Market, By Vertical

Table27 Latin America: Digital Inspection Market, By Country

Table28 Latin America Digital Inspection Market, By Technology

Table29 Latin America Digital Inspection Market, By Solution

Table30 Latin America Digital Inspection Market, By Dimension

Table31 Latin America Digital Inspection Market, By Vertical

LIST OF FIGURES

FIGURE 1 Global Digital Inspection Market Segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Porter’s Five Forces Analysis Of Global Digital Inspection Market

FIGURE 4 Value Chain Of Global Digital Inspection Market

FIGURE 5 Share Of Digital Inspection Market In 2020, By Country (In %)

FIGURE 6 Global Digital Inspection Market, 2020-2027,

FIGURE 7 Sub Segments Of Technology

FIGURE 8 Global Digital Inspection Market Size By Technology, 2020

FIGURE 9 Share Of Global Digital Inspection Market By Technology, 2020-2027

FIGURE 10 Global Digital Inspection Market Size By Solution, 2020

FIGURE 11 Share Of Global Digital Inspection Market By Solution, 2020-2027

FIGURE 12 Global Digital Inspection Market Size By Dimension, 2020

FIGURE 13 Share Of Global Digital Inspection Market By Dimension, 2020-2027

FIGURE 14 Global Digital Inspection Market Size By Vertical, 2020

FIGURE 15 Share Of Global Digital Inspection Market By Vertical, 2020-2027