About Digital Inspection
Digital Inspection is process of real time video inspection. Digital inspection is the method to test, measure and perform inspection of electronics equipment’s as well as automation tool with the use of devices which are digitally linked to laptop or tablet to stock and record the results electronically. This inspection provides video inspection for gross imaging, quality control, teaching, electronics inspection, forensics and assembly. There are various technology used such as machine vision, metrology and NDT (Visual Inspection, Ultrasonic, Eddy Current, Radiography).
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
CAGR | 7.2% |
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Digital Inspection market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
General Electric (United States), MISTRAS Group (United States), Olympus (Japan), Nikon (Japan), Zetec (United States), FARO Technologies (United States), Hexagon (Sweden), Cognex (United States), Basler (Germany) and OMRON (Japan) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are GOM (Germany), National Instruments (United States), Carl Zeiss (Germany), Mitutoyo (Japan) and Keyence (Japan).
Segmentation Overview
AMA Research has segmented the market of Global Digital Inspection market by Type (Machine Vision, Metrology and NDT (Visual Inspection, Ultrasonic, Eddy Current, Radiography)), Application (Manufacturing Unit, Electronics and Semiconductor, Oil & Gas, Aerospace & Defense, Automotive, Energy and Power, Public Infrastructure, Food and Pharmaceuticals and Others) and Region.
On the basis of geography, the market of Digital Inspection has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Dimensions, the sub-segment i.e. 2D will boost the Digital Inspection market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Offerings, the sub-segment i.e. Hardware will boost the Digital Inspection market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Demand of storing as well as recording the test results in various Industries and Adoption of 3D Dimension in Digital Inspection
Market Growth Drivers:
Increasing Demand in Automation Industry and Rising Consumer Awareness Raising the Bar Of Safety As Well As Quality Standards
Challenges:
Limited Access to Certain Areas and Accurate and detailed documentation is crucial for tracking inspection findings.
Restraints:
High Deployment Cost and Dearth of Skilled Workers
Opportunities:
Increasing Customize Solutions and Rising Need in Developing Economics
Market Leaders and their expansionary development strategies
On 13th December 2018, MISTRAS Group, Inc. global key player of technology-enabled asset protection solutions has acquired Onstream Pipeline Inspection Services, Inc. (a leading global key player of proprietary technology enabling pipeline inspection. The deal was established for 143 million dollar.
On 9th October 2018, General Electricals has launched a ground-based blade inspection system with thermal imaging technology & wide-band acoustic spectral analysis to identify anomalies on blades across complete wind fleet, including both GE and non-GE turbines.
Key Target Audience
Raw Material Suppliers, Distributors, Manufacturers and Suppliers, Technology, Software, Service and Solution Providers, Market Research and Consulting Firms, Government Regulatory Bodies, Government and Private Research Organization and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.