What's Driving the Digital Inspection Market Trends? | Top Key Players Basler AG, Cognex Corporation, FARO Technologies, Inc., Fprimec Solutions, General Electric Company
The manufacturing sector held the largest digital inspection market value and is estimated to maintain its industry share over the forecast timeline due to the growing adoption of industry 4.0 in the manufacturing sector. The digital inspection in the manufacturing sector is anticipated to enhance the predictive maintenance of factory machinery and productivity through quality control by detecting defects.
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Digital inspection solution providers are focusing on strategic alliances with other market players to improve their offerings and expand their geographical presence. Prominent market players are investing heftily in research & development activities to develop innovative products and maintain their dominance in the digital inspection market. For instance, in February 2019, Cognex Corporation launched two high-performance 3D vision systems: DSMax32T laser displacement 3D system and 3D-A5000 area scan 3D system as well as a new method of 3D part location, PatMax 3D. These three new offerings will cater to diverse 3D vision needs for 3D inspection applications, offering a superior 3D inspection to manufacturers and factories.
North America held a significant digital inspection market share in 2018 and is estimated to dominate the industry share over the forecast timeline. The market growth is attributed to the presence of prominent digital inspection industry players. Additionally, the region is developing as a key hub for sectors such as manufacturing and energy & power. The rapid adoption of Industry 4.0 almost across all sectors in the region will propel the demand for digital inspection, resulting in the proliferation of the market.
The Asia Pacific digital inspection industry is expected to grow significantly due to an exponential increase in population and accelerated economies in the region. Supportive government initiatives to promote industrial growth in the region is further fueling the market growth.
Some of the other major players operating in digital inspection market are Basler AG, Cognex Corporation, FARO Technologies, Inc., Fprimec Solutions, General Electric Company, Hexagon AB, MISTRAS Group, Inc., Nikon Metrology NV (Nikon Corporation), Olympus Corporation, Omron Corporation, Shining 3D Tech, Sualab, Zebicon, Zetec Inc, and ZTE Corporation.
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Digital Inspection Market, By Technology, 2014-2025 (USD Million)
o Machine Vision
o Visual Inspection
o Eddy Current
Market, By Offering, 2014-2025 (USD Million)
Market, By Dimension, 2014-2025 (USD Million)
Digital Inspection Market, By End-Use, 2014-2025 (USD Million)
• Aerospace & Defense
• Electronics & Semiconductor
• Energy & Power
• Food & Pharmaceuticals
• Oil & Gas
• Public Infrastructure
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