Digital Inspection Market Share Outstanding Growth, Research, Development Status

Posted by Sakshi Mishra on May 16th, 2021

Market Dynamics

The market for digital inspection is expected to grow substantially during the forecast period attributed to the rising demand for storing and recording the test results in industries such as automotive, oil & gas, aviation, food & beverages, and electrical & electronics equipment industry. The need for accurate inspection of 3D data and a strong emphasis on quality control ultimately lead to the adoption of Metrology, which is a crucial factor driving the growth of the digital inspection market. Digital inspection of electrical components such as fuses, solenoids, electrical and electronic assemblies is also a major driver of the digital inspection industry’s growth.

Digital inspection tools are also being used in the real estate sector to carry out property assessments, including building inspection, home inspection, windstorm inspection and energy audits, which also stimulate the development of the global digital inspection market. Other industries that implement digital inspection solutions include healthcare, military, government, fire response, security service providers, transport, engineering, and mechanics.

In addition, digital inspection allows quicker response time inspection, quick generation of reports, significant cost savings, and addresses the issues in the paper-based inspection system. Replacing the pen and paper inspection with a digital inspection will increase operational efficiency.

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Regional Analysis

The regional analysis of the digital inspection market is carried out for North America, Europe, Asia Pacific, and the Rest of the World.

North America highly dominates the market due to the involvement of major players in sectors such as automotive, aerospace & defense, public infrastructure, and energy and power in the U.S.

Growth in automation in almost all industry verticals generates high demand for digital inspection systems in the Asia Pacific region. Countries like China, Japan, and India are committed to investing in automation to improve their company profits and be part of the digital transformation wave.

The European region is an evolving hub for the manufacturing, automotive, and energy & power industries, with a strong emphasis on digital inspection solutions.

Key players

The prominent players in the market of User Activity Monitoring are – General Electric (U.S.), MISTRAS Group (U.S.), Olympus (Japan), Hexagon (Sweden), Cognex (US), Nikon (Japan), Zetec (US), FARO Technologies (U.S.), Basler (Germany), OMRON (Japan), Carl Zeiss (Germany), Mitutoyo (Japan), GOM (Germany), National Instruments (US), Keyence (Japan).

Other players include iPromar (Singapore), FPrimeC Solutions (Canada), Shinning 3D Tech (China), Zebicon(Denmark), and SUALAB (South Korea).

The prominent players keep innovating and investing in research and development to present a cost-effective product portfolio. There has been recent mergers and acquisitions among the key players, a strategy the business entities leverage to strengthen their reach to the customers.

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