Global Digital Inspection Market Overview:

The Global Digital Inspection Market size is expected to reach $26.7 billion by 2023, rising at a market growth of 6.9% CAGR during the forecast period. Digital inspection is a technology that is offering assured return on investment in the long term, however, the deployment cost of digital inspection systems is very high, making it is a technology that is beyond the reach of some industry minors. Machine vision facilitates cost-effectiveness, speed, accuracy and high functionality; therefore, the concept is majorly put to use to significantly improve quality and productivity within the manufacturing sector. Growing industrial automation and technological advantages over traditional methods of digital inspection are the factors that contribute to the market expansion during the forecast period.

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Market Segmentation:

Based on Offering, the Digital Inspection market segments the market into

• Hardware: The North America market holds the largest market share in Global Hardware Solution Market by Region in 2016 and would continue to be a dominant market till 2023; growing at a CAGR of 4.8 % during the forecast period.
• Software: The Europe market is expected to witness a CAGR of 6.9% during (2017 - 2023) in Global Software Market.
• Services: The Asia Pacific market is expected to witness a CAGR of 9.7% during (2017 - 2023) in Global Services Market.

Based on Technology, the market report segments the market into

• Metrology: The Asia Pacific market is expected to witness a CAGR of 9.7% during (2017 - 2023) in Global Services Market.
• Machine Vision: The Asia Pacific market is expected to witness a CAGR of 9.7% during (2017 - 2023) in Global Services Market.
• NDT: The NDT market is expected to witness a CAGR of 8% during (2017 - 2023).

Based on Dimension, the Digital Inspection market segments the market into

• 3D
• 2D

Based on Vertical, the market report segments the market into

• Manufacturing: The Manufacturing market holds the largest market share in Global Digital Inspection Market by Vertical in 2016 and would continue to be a dominant market till 2023; growing at a CAGR of 5.2 % during the forecast period.
• Electronics and Semiconductor
• Energy & Utilities
• Oil & Gas: The Oil & Gas market is expected to witness a CAGR of 6.5% during (2017 - 2023).
• Aerospace & Defense
• Food & Pharmaceuticals: The Food & Pharmaceuticals market would garner market size of $3,007.5 million by 2023.
• Energy & Power
• Automotive
• Others

Based on Regions, the Digital Inspection market segments the market into

• North America (U.S, Canada, Mexico, Rest of North America)
• Europe (Germany, UK, France, Russia, Spain, Italy, Rest of Europe)
• Asia Pacific (China, Japan, India, South Korea, Singapore, Malaysia, Rest of Asia Pacific)
• Latin America, Middle East and Africa (Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, Rest of LAMEA).

Competition Analysis: (Click Here For Exclusive Report on Competition Analysis)

The market research report covers the competition analysis of key stake holders of the Global Digital Inspection Market. Key companies profiled in the report include General Electric (GE), Mistras Group, Inc., Olympus Corporation, Hexagon AB, Cognex Corporation, National Instruments Corporation, Roper Technologies (Zetec Inc.), Carl Zeiss AG, Basler AG, and Omron Corporation.

Related Reports:

North America Digital Inspection Market (2017-2023)

Europe Digital Inspection Market (2017-2023)

Asia Pacific Digital Inspection Market (2017-2023)

LAMEA Digital Inspection Market (2017-2023)