The global Digital Inspection Market is growing at a rapid pace. The market is driven by the rising uptake of digital inspection solutions across the burgeoning industries to enhance quality control & streamlining the processes, improve precision, and automating reporting. Besides, the spurring rise in major verticals, such as &G, infrastructure, security, media & entertainment, utility & power, and mining, substantiates market size. 

This also represents strategic initiatives for automation and 4.0 roll-outs within manufacturing facilities. Also, advances in machine vision, metrology, and NDT technologies foster the growth of the market. Automotive sectors worldwide extensively adopt digital inspection solutions to enhance quality control processes.

Therefore, industry players strive to develop solutions that can offer the most comprehensive reports, making it easy for automakers to understand vehicle quality better. Moreover, increasing uses of digital inspection solutions by auto dealers, technicians, and repair facilities to better understand used vehicle quality push the market share. As the private party seller market grows, Industry players are also trying to increase the ways consumers can access used vehicle inspection data.

With the growing demand across the verticals, the market is projected to witness significant gains in the years to come. In this regard, Market Research Future (MRFR) states that the global digital inspection market is expected to garner exponential traction by 2027, growing at an impressive CAGR during the assessment period (2020-2027). 

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Digital Inspection Market – Segments

The global digital inspection market is segmented into technology, solution, dimension, application, and regions. The technology segment is sub-segmented into machine vision, metrology, non-destructive testing (NDT), and others.

The solution segment is sub-segmented into hardware and software. The hardware sub-segment is bifurcated into video borescope, USB digital microscope, digital multi-meters, and others. At the same time, the software sub-segment is bifurcated into qwerks, action card, homeinspect, horizon inspection software, and others. The dimension segment is sub-segmented2D and 3D. 

The application segment is sub-segmented into manufacturing, electronics and semiconductor, oil & gas, aerospace and defense, automotive, energy and power, food & beverages, public infrastructure, and others. The region segment is sub-segmented into North America, Europe, APAC and the Rest of the World.

Digital Inspection Market – Regional Analysis

North America is the largest digital inspection market globally. Enterprises in the region are focusing on improving automation capabilities to increase flexibility, reduce costs, and eliminate human error. Besides, the largest market growth attributes to the strong presence of major players, well-established technology development Centers, and rapidly growing verticals such as automotive, aerospace & defense, public infrastructure and energy & power.

Europe stands second in the global digital inspection market, heading with the augmented demand from the healthcare and automotive sectors. Additionally, increasing application areas and integration and rapid advances in digital inspection technology substantiate the market's growth. 

The Asia Pacific region is a prominent market for digital inspection technologies. Rising automation across the manufacturing sector in the region drives market growth. Other factors bolstering the market growth are strong competition between companies in various sectors, including O&G, infrastructure, security, media & entertainment, utility & power, and mining. India, Japan, China, and South Korea account for sizable shares in the regional market, with the largest manufacturing facilities undergoing automation and upgrades of manufacturing processes. 

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Global Digital Inspection Market – Competitive Landscape 

The digital inspection market appears fiercely competitive owing to the various dynamic and diversified international players forming a competitive landscape. Constantly innovating technology providers seek market expansion by various strategic initiatives, such as M&A activities and increasing investments in R&D activities and expansion. 

Major Players: 

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

 

Read More: https://telegra.ph/Independent-Software-Vendors-Market-Analysis-Growth-Forecast-2020-2027-10-22

 

Read More: https://positivelovelife.com/blogs/26882/Future-Analysis-For-Connected-Mobility-Solutions-Market-Share-Forecast-By

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