Press release
Digital Inspection Market Forecasting Top Industry Players Like FARO, GE, Nikon, HEXAGON, MISTRAS, Basler, Carl Zeiss
Digital Inspection
The global digital inspection market is consolidated due to the presence of limited number of players concentrated in few countries. The Global Digital Inspection Market accounted for USD 17.10 billion in 2017 and is projected to grow at a CAGR of 7.2% during the forecast period of 2018 to 2025.
The Digital Inspection Market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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Top players operating in the global digital inspection market consist of
• FARO Technologies, Inc.
• GENERAL ELECTRIC
• HEXAGON
• Nikon
• MISTRAS Group, Inc.
• Carl Zeiss
Other Players Are Basler AG, National Instruments, Olympus Corporation, Zetec, Inc.,Mitutoyo America Corporation, Cognex Corporation, KEYENCE CORPORATION, OMRON Corporation, Gom, Shining 3D Tech, iPromar and Fprimec Solutions among others.
Major Market Drivers and Restraints:
• Rising adoption of industrial automation
• Growing awareness with respect to safety and quality standards
• Adaption of modern technology over traditional methods
• Rapid industrialization in emerging economies
• High system and deployment costs
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Market Segmentation: Global Digital Inspection Market
• The global digital inspection market is segmented based on offering, technology, dimension, end-user and geographical segments.
• Based on offering, the global digital inspection market is segmented into hardware, software and services.
• On the basis of technology, the global digital inspection market is segmented into machine vision, NDT and metrology. NDT are sub segmented into visual inspection, radiography, ultrasonic and eddy current.
• On the basis of dimension, the global digital inspection market is segmented into 2 dimensions and 3 dimensions.
• On the basis of end-user, the global digital inspection market is segmented into electronics and semiconductor, automotive, aerospace and defense, manufacturing, public infrastructure, oil and gas, energy, food and pharmaceuticals and others. Other segment consists of glass, rubber, plastics, and polymers, printing, wood, paper, and pulp.
• Based on geography, the global digital inspection market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
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