According to the new market research report
on "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", 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 b by
technological advantages over traditional methods and increasing consumer
awareness.
Digital Inspection market for metrology to
hold the largest share of the market during the forecast period
Metrology accounted for the largest share of
the market in 2017 and is expected to hold the largest share during the
forecast period. The demand for metrology is driven by the rising need for
accurate inspection of 3D data used for the modeling and analysis of 3D models,
growing focus on quality control, inability of traditional measurement devices
to address several manufacturing issues, and growing automation and in-line
metrology.
Digital Inspection market for 3D to grow at a
higher CAGR during the forecast period
The digital inspection market for 3D is
expected to grow at a higher CAGR between 2018 and 2023. 3D helps overcome the
limitations of 2D techniques and offers added advantages to manufacturers to
inspect beyond 2 planes of a product and volumetric height, allowing for 100%
inspection and detection of defects in a product. With increasing demand for
product quality, 3D digital inspection is replacing 2D, as the former allows
manufacturers to diagnose issues such as metal bridging, foreign materials, and
construction defects in 3D planes and in high-speed environments.
The Americas to hold the largest share of the
digital inspection market during the forecast period
The Americas held the largest share of the
market in 2017 and is expected to dominate the market with the largest share
between 2018 and 2023. This is because of the presence of major players
operating in verticals such as automotive, aerospace & defense, public
infrastructure, and energy and power in the US. This region is emerging as an
important hub for the manufacturing and power generation verticals. Growing
automation in almost all industrial verticals is generating a huge demand for
digital inspection systems in the Americas.
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).
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