Press release
Digital Inspection Market Trends and Operational Strategies 2025 | FARO Technologies, Inc., GENERAL ELECTRIC, HEXAGON, Nikon, Basler
Digital Inspection Market
Strategically analyzed facts and figures of the market and keen business insights covered in this Digital Inspection Market report would be a key aspect in achieving enduring business growth. The insights provided in this Digital Inspection Market market research report are based upon SWOT analysis on which businesses can rely confidently. The analysis and estimations conducted via this report help to get an idea about the product launches, future products, joint ventures, marketing strategy, developments, mergers and acquisitions and effect of the same on sales, marketing, promotions, revenue, import, export, and CAGR values.
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Global Digital Inspection Market, By Offering (Hardware, Software, Services), By Technology (Machine Vision, NDT, Metrology), By Dimension (2D, 3D), By End User (Electronics & Semiconductor, Automotive, Aerospace & Defense, Manufacturing, Oil & Gas, Energy, Food & Pharmaceuticals), By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East & Africa)- Industry Trends and Forecast to 2025.
Market Analysis: Global Digital Inspection Market
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 upcoming market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Market Definition: Global Digital Inspection Market
This market report defines the market trends and forecast the upcoming opportunities and threats of the digital inspection market in the next 8 years. Digital inspection offers real time video inspection for gross imaging, quality control, teaching, electronics inspection, forensics and assembly. It also delivers non-destructive testing (NDT) equipment and solutions consisting remote visual inspection, eddy current, radiography, computed tomography, ultrasound and hardness testing products. This technology is majorly used in sectors comprising automotive, manufacturing, electronics and semiconductor, aerospace and defense, food and pharmaceuticals and others. Expansion in technology over traditional methods is one of the factors which are fueling the market lucratively.
For instane Olympus Corporation launched MX63 and MX63L industrial microscopes for inspection of semiconductors and flat panel displays (FPDs) in July 2017. This helps in effective defects detection which was earlier difficult to find using past observation techniques. Another example which helps in driving the digital inspection market is increasing adoption of industrial automation rapidly. In 2016, globally, shipments of industrial robots were about 294,000 units, which came up from159, 000 in 2012, as stated by Statista. This is significantly driving the market demand over the past few years.
Major Market Drivers and Restraints:
o Rising adoption of industrial automation
o Growing awareness with respect to safety and quality standards
o Adaption of modern technology over traditional methods
o Rapid industrialization in emerging economies
o High system and deployment costs
Market Segmentation: Global Digital Inspection Market
o The global digital inspection market is segmented based on offering, technology, dimension, end-user and geographical segments.
o Based on offering, the global digital inspection market is segmented into hardware, software and services.
o 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.
o On the basis of dimension, the global digital inspection market is segmented into 2 dimensions and 3 dimensions.
o 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.
o 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.
Competitive Landscape: Global Digital Inspection Market
The global digital inspection market is consolidated due to the presence of limited number of players concentrated in few countries. 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.
Major Market Competitors: Global Digital Inspection Market
Top players operating in the global digital inspection market consist of FARO Technologies, Inc., GENERAL ELECTRIC, HEXAGON, Nikon, MISTRAS Group, Inc., Carl Zeiss, 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.
Revealing the Competitive scenario
In today's competitive world you need to think one step ahead to chase your competitors, our research offers reviews about key players, major collaborations, merger & acquisitions along with trending innovation and business policies to present better insights to drive the business into right direction
Key Segmentation: Digital Inspection Market
Regional Outlook
North America (US, Canada, Mexico)
South America (Brazil, Argentina, rest of south America)
Asia and Pacific region (Japan, china, India, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, etc)
Middle east and Africa (UAE, Saudi Arabia, Oman, etc)
Europe (Germany, Italy, U.K, France, Spain, Netherlands, Belgium, Switzerland, Russia, etc)
Rapid Business Growth Factors
In addition, the market is growing at a fast pace and the report shows us that there are a couple of key factors behind that. The most important factor that's helping the market grow faster than usual is the tough competition.
Research strategies and tools used of Digital Inspection Market:
This Digital Inspection Market research report helps the readers to know about the overall market scenario, strategy to further decide on this market project. It utilizes SWOT analysis, Porter's Five Forces Analysis and PEST analysis.
Key Points of this Report:
The depth industry chain include analysis value chain analysis, porter five forces model analysis and cost structure analysis
The report covers North America and country-wise market of Digital Inspection Market
It describes present situation, historical background and future forecast
Comprehensive data showing Digital Inspection Market capacities, production, consumption, trade statistics, and prices in the recent years are provided
The report indicates a wealth of information on Digital Inspection Market manufacturer
Digital Inspection Market forecast for next five years, including market volumes and prices is also provided
Raw Material Supply and Downstream Consumer Information is also included
Any other user's requirements which is feasible for us
Some extract from Table of Contents
Overview of Digital Inspection Market
Digital Inspection Market Size (Sales Volume) Comparison by Type
Digital Inspection Market Size (Consumption) and Market Share Comparison by Application
Digital Inspection Market Size (Value) Comparison by Region
Digital Inspection Market Sales, Revenue and Growth Rate
Digital Inspection Market Competitive Situation and Trends
Strategic proposal for estimating availability of core business segments
Players/Suppliers, Sales Area
Analyze competitors, including all important parameters of Digital Inspection Market
Digital Inspection Market Manufacturing Cost Analysis
The most recent innovative headway and supply chain pattern mapping
Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Europe, MEA or Asia Pacific.
Free Table Of Contents Is Available Here@ https://www.databridgemarketresearch.com/toc/?dbmr=global-digital-inspection-market
Why Is Data Triangulation Important In Qualitative Research?
This involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. Triangulation is one method used while reviewing, synthesizing and interpreting field data. Data triangulation has been advocated as a methodological technique not only to enhance the validity of the research findings but also to achieve 'completeness' and 'confirmation' of data using multiple methods
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