Digital Inspection Market by Technology (Machine Vision, Metrology, and NDT), Offering, Dimension, Vertical (Manufacturing, Electronics, Oil & Gas, Aerospace & Defense, Automotive, Power, Food & Pharmaceuticals), and Geography - Global Forecast to 2023

Publisher Name :
Date: 15-Mar-2018
No. of pages: 170
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“Digital inspection market projected to grow at a CAGR of 7.2% between 2018 and 2023”

The digital inspection market is expected to grow from USD 19.66 billion in 2018 to USD 27.84 billion by 2023, at a CAGR of 7.2% between 2018 and 2023. The growth of this market is driven by the growing adoption of industrial automation, technological advantages over traditional methods, and increasing consumer awareness raising the bar of safety and quality standards. The major restraint for this market is high system and deployment costs.

“Digital inspection market for NDT technology estimated to grow at the highest CAGR”

The market for NDT technology is expected to grow at the highest CAGR during the forecast period. The growth of this market can be attributed to the continuous advancements in electronics, and automation and robotics, and the increasing adoption of IoT solutions. Automated NDT equipment is preferred in verticals such as power generation, energy and power, mining, and aerospace.

“Digital inspection market for hardware to hold the largest share of the market during the forecast period”

The market for hardware is expected to lead the market between 2018 and 2023. The advent of new technologies has led to the development of compact and cost-effective hardware for digital inspection systems. Also, digital inspection is widely being adopted in manufacturing, electronics and semiconductor, oil & gas, energy and power sectors, among others, to maintain high-quality standards and safety at workplace. This, in turn, is driving the growth of the digital inspection market for hardware.

“Digital inspection market in APAC to grow at the highest CAGR during the forecast period”

The market in APAC is expected to grow at the highest CAGR between 2018 and 2023. Increasing population, accelerating economies (developed as well as developing), and government initiatives to promote industrial growth have made APAC an ideal destination for production units for various verticals, such as semiconductor, electronics, and automotive. Advancements in terms of economic growth, infrastructural developments, and construction of power plants are expected to boost the growth of the digital inspection market in APAC in the coming years.

Breakdown of the profile of primary participants:


  • By Company Type: Tier 1 = 30 %, Tier 2 = 45%, and Tier 3 = 25%

  • By Designation: C-Level Executives = 67%, Directors= 33%

  • By Region: Americas = 50%, Europe = 25%, APAC = 20%, and RoW= 5%


Major players in the digital inspection market include General Electric (US), MISTRAS Group (US), Olympus (Japan), Hexagon (Sweden), Cognex (US), Nikon (Japan), Zetec (US), FARO Technologies (US), Basler (Germany), OMRON (Japan), Carl Zeiss (Germany), Mitutoyo (Japan), GOM (Germany), National Instruments (US), and Keyence (Japan). Key innovators in the market are iPromar (Singapore), FPrimeC Solutions (Canada), Shinning 3D Tech (China), Zebicon(Denmark), and SUALAB (South Korea).

Research Coverage

The study segments the digital inspection market on the basis of technology into machine vision, metrology
and NDT. The market has been segmented on the basis of offering into hardware, software, and services. On the basis of dimension, the market has been segmented into 2D and 3D.The study covers verticals such as manufacturing, electronics and semiconductor, oil & gas, aerospace & defense, automotive, energy and power, public infrastructure, food and pharmaceuticals, and others. Furthermore, the report forecasts the market size for various segments with regard to4 main regions—the Americas, Europe, Asia Pacific (APAC), and Rest of the World (RoW).

Reasons to Buy the Report

The report would help market leaders/new entrants in the digital inspection market in the following ways:


  • This report segments the digital inspection market comprehensively and provides the closest approximations of the overall market size, as well as that of the sub segments across different verticals and regions.

  • The report helps stakeholders understand the pulse of the market and provides information on key market drivers, restraints, challenges, and opportunities.

  • This report would help stakeholders understand their competitors better and gain more insights to enhance their position in the business. The competitive landscape section includes competitor ecosystem, product developments, partnerships, and mergers and acquisitions in the digital inspection market.

Digital Inspection Market by Technology (Machine Vision, Metrology, and NDT), Offering, Dimension, Vertical (Manufacturing, Electronics, Oil & Gas, Aerospace & Defense, Automotive, Power, Food & Pharmaceuticals), and Geography - Global Forecast to 2023

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Geographic Scope
1.3.3 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Market Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 List of Major Secondary Sources
2.1.1.2 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Primary Interviews With Experts
2.1.2.2 Key Data From Primary Sources
2.1.2.3 Key Industry Insights
2.1.2.4 Breakdown of Primaries
2.1.3 Secondary and Primary Research
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.1.1 Approach for Capturing the Market Share By Bottom-Up Analysis (Demand Side)
2.2.2 Top-Down Approach
2.2.2.1 Approach for Capturing the Market Share By Top-Down Analysis (Supply Side)
2.3 Market Ranking Estimation
2.4 Market Breakdown and Data Triangulation
2.5 Research Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Digital Inspection Market
4.2 Digital Inspection Market, By Technology
4.3 Digital Inspection Market in APAC, By Vertical and Country
4.4 Digital Inspection Market, By Region
4.5 Country-Wise Analysis of the Digital Inspection Market
4.6 Digital Inspection Market, By Dimension

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Technological Advantages Over Traditional Methods
5.2.1.2 Increasing Adoption of Industrial Automation
5.2.1.3 Growing Consumer Awareness Raising the Bar of Safety and Quality Standards
5.2.2 Restraints
5.2.2.1 High System and Deployment Costs
5.2.3 Opportunities
5.2.3.1 Miniaturization of Products Offered By End-User Industries
5.2.3.2 Availability of Customized Solutions
5.2.3.3 Rapid Industrialization in Developing Economies
5.2.4 Challenges
5.2.4.1 Lack of Skilled Workforce
5.3 Value Chain Analysis

6 Digital Inspection Market, By Technology
6.1 Introduction
6.2 Machine Vision
6.3 Metrology
6.4 Ndt
6.4.1 Visual Inspection
6.4.2 Ultrasonic
6.4.3 Eddy Current
6.4.4 Radiography

7 Digital Inspection Market, By Offering
7.1 Introduction
7.2 Hardware
7.3 Software
7.4 Services

8 Digital Inspection Market, By Dimension
8.1 Introduction
8.2 2D
8.3 3D

9 Digital Inspection Market, By Vertical
9.1 Introduction
9.2 Manufacturing
9.3 Electronics and Semiconductor
9.4 Oil & Gas
9.5 Aerospace & Defense
9.6 Automotive
9.7 Energy and Power
9.8 Public Infrastructure
9.9 Food and Pharmaceuticals
9.10 Others
9.10.1 Rubber, Plastics, and Polymers
9.10.2 Glass
9.10.3 Printing
9.10.4 Wood, Paper, and Pulp

10 Geographic Analysis
10.1 Introduction
10.2 Americas
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.2.4 Brazil
10.2.5 Rest of Americas
10.3 Europe
10.3.1 Germany
10.3.2 France
10.3.3 UK
10.3.4 Italy
10.3.5 Spain
10.3.6 Rest of Europe
10.4 APAC
10.4.1 China
10.4.2 Japan
10.4.3 South Korea
10.4.4 India
10.4.5 Rest of APAC
10.5 RoW
10.5.1 Middle East
10.5.2 Africa

11 Competitive Landscape
11.1 Overview
11.2 Market Ranking Analysis
11.3 Competitive Scenario
11.3.1 Product Launches
11.3.2 Acquisitions and Partnerships
11.3.3 Contracts and Collaborations
11.3.4 Expansions

12 Company Profiles
12.1 Introduction
(Business Overview, Products and Services Offered, Recent Developments, SWOT Analysis, and MnM View)*
12.2 Key Players
12.2.1 General Electric
12.2.2 Mistras Group
12.2.3 Olympus
12.2.4 Hexagon
12.2.5 Cognex
12.2.6 Nikon
12.2.7 Zetec
12.2.8 Faro Technologies
12.2.9 Basler
12.2.10 Omron
12.3 Other Key Players
12.3.1 Carl Zeiss
12.3.2 Mitutoyo
12.3.3 Gom
12.3.4 National Instruments
12.3.5 Keyence
12.4 Key Innovators
12.4.1 Ipromar
12.4.2 Fprimec Solutions
12.4.3 Shining 3D Tech
12.4.4 Zebicon
12.4.5 Sualab

*Details on Business Overview, Products and Services Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix
13.1 Discussion Guide
13.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
13.3 Introducing RT: Real-Time Market Intelligence
13.4 Available Customizations
13.5 Related Reports
13.6 Author Details

List of Tables

Table 1 Digital Inspection Market, By Technology, 2015–2023 (USD Million)
Table 2 Digital Inspection Market for Machine Vision, By Vertical, 2015–2023 (USD Million)
Table 3 Digital Inspection Market for Machine Vision, By Region, 2015–2023 (USD Million)
Table 4 Digital Inspection Market for Metrology, By Vertical, 2015–2023 (USD Million)
Table 5 Digital Inspection Market for Metrology, By Region, 2015–2023 (USD Million)
Table 6 Digital Inspection Market, By Ndt Technology, 2015–2023 (USD Million)
Table 7 Digital Inspection Market for Ndt, By Vertical, 2015–2023 (USD Million)
Table 8 Digital Inspection Market for Ndt, By Region, 2015–2023 (USD Million)
Table 9 Digital Inspection Market for Visual Inspection, By Vertical, 2015–2023 (USD Million)
Table 10 Digital Inspection Market for Visual Inspection, By Region, 2015–2023 (USD Million)
Table 11 Digital Inspection Market for Ultrasonic, By Vertical, 2015–2023 (USD Million)
Table 12 Digital Inspection Market for Ultrasonic, By Region, 2015–2023 (USD Million)
Table 13 Digital Inspection Market for Eddy Current, By Vertical, 2015–2023 (USD Million)
Table 14 Digital Inspection Market for Eddy Current, By Region, 2015–2023 (USD Million)
Table 15 Digital Inspection Market for Radiography, By Vertical, 2015–2023 (USD Million)
Table 16 Digital Inspection Market for Radiography, By Region, 2015–2023 (USD Million)
Table 17 Digital Inspection Market, By Offering, 2015–2023 (USD Million)
Table 18 Digital Inspection Market, By Dimension, 2015–2023 (USD Million)
Table 19 Market for 2D Digital Inspection, By Technology, 2015–2023 (USD Million)
Table 20 Market for 2D Digital Inspection, By Vertical, 2015–2023 (USD Million)
Table 21 Market for 3D Digital Inspection, By Technology, 2015–2023 (USD Million)
Table 22 Market for 3D Digital Inspection, By Vertical, 2015–2023 (USD Million)
Table 23 Digital Inspection Market, By Vertical, 2015–2023 (USD Million)
Table 24 Digital Inspection Market for Manufacturing Vertical, By Technology, 2015–2023 (USD Million)
Table 25 Digital Inspection Market for Manufacturing Vertical, By Ndt Technology, 2015–2023 (USD Million)
Table 26 Digital Inspection Market for Manufacturing Vertical, By Region, 2015–2023 (USD Million)
Table 27 Digital Inspection Market for Electronics and Semiconductor Vertical, By Technology, 2015–2023 (USD Million)
Table 28 Digital Inspection Market for Electronics and Semiconductor Vertical, By Region, 2015–2023 (USD Million)
Table 29 Digital Inspection Market for Oil & Gas Vertical, By Technology, 2015–2023 (USD Million)
Table 30 Digital Inspection Market for Oil & Gas Vertical, By Ndt Technology, 2015–2023 (USD Million)
Table 31 Digital Inspection Market for Oil & Gas Vertical, By Region, 2015–2023 (USD Million)
Table 32 Digital Inspection Market for Aerospace & Defense Vertical, By Technology, 2015–2023 (USD Million)
Table 33 Digital Inspection Market for Aerospace & Defense Vertical, By Ndt Technology, 2015–2023 (USD Million)
Table 34 Digital Inspection Market for Aerospace & Defense Vertical, By Region, 2015–2023 (USD Million)
Table 35 Digital Inspection Market for Automotive Vertical, By Technology, 2015–2023 (USD Million)
Table 36 Digital Inspection Market for Automotive Vertical, By Ndt Technology, 2015–2023 (USD Million)
Table 37 Digital Inspection Market for Automotive Vertical, By Region, 2015–2023 (USD Million)
Table 38 Digital Inspection Market for Energy and Power Vertical, By Technology, 2015–2023 (USD Million)
Table 39 Digital Inspection Market for Energy and Power Vertical, By Ndt Technology, 2015–2023 (USD Million)
Table 40 Digital Inspection Market for Energy and Power Vertical, By Region, 2015–2023 (USD Million)
Table 41 Digital Inspection Market for Public Infrastructure Vertical, By Technology, 2015–2023 (USD Million)
Table 42 Digital Inspection Market for Public Infrastructure Vertical, By Ndt Technology, 2015–2023 (USD Million)
Table 43 Digital Inspection Market for Public Infrastructure Vertical, By Region, 2015–2023 (USD Million)
Table 44 Digital Inspection Market for Food and Pharmaceuticals Vertical, By Technology, 2015–2023 (USD Million)
Table 45 Digital Inspection Market for Food and Pharmaceuticals Vertical, By Region, 2015–2023 (USD Million)
Table 46 Digital Inspection Market for Other Verticals, By Technology, 2015–2023 (USD Million)
Table 47 Digital Inspection Market for Other Verticals, By Ndt Technology, 2015–2023 (USD Million)
Table 48 Digital Inspection Market for Other Verticals, By Region, 2015–2023 (USD Million)
Table 49 Digital Inspection Market, By Region, 2015–2023 (USD Million)
Table 50 Digital Inspection Market in the Americas, By Country, 2015–2023 (USD Million)
Table 51 Digital Inspection Market in the Americas, By Technology, 2015–2023 (USD Million)
Table 52 Digital Inspection Market in the Americas, By Ndt Technology, 2015–2023 (USD Million)
Table 53 Digital Inspection Market in the Americas, By Vertical, 2015–2023 (USD Million)
Table 54 Digital Inspection Market in Europe, By Country, 2015–2023 (USD Million)
Table 55 Digital Inspection Market in Europe, By Technology, 2015–2023 (USD Million)
Table 56 Digital Inspection Market in Europe, By Ndt Technology, 2015–2023 (USD Million)
Table 57 Digital Inspection Market in Europe, By Vertical, 2015–2023 (USD Million)
Table 58 Digital Inspection Market in APAC, By Country, 2015–2023 (USD Million)
Table 59 Digital Inspection Market in APAC, By Technology, 2015–2023 (USD Million)
Table 60 Digital Inspection Market in APAC, By Ndt Technology, 2015–2023 (USD Million)
Table 61 Digital Inspection Market in APAC, By Vertical, 2015–2023 (USD Million)
Table 62 Digital Inspection Market in RoW, By Region, 2015–2023 (USD Million)
Table 63 Digital Inspection Market in RoW, By Technology, 2015–2023 (USD Million)
Table 64 Digital Inspection Market in RoW, By Ndt Technology, 2015–2023 (USD Million)
Table 65 Digital Inspection Market in RoW, By Vertical, 2015–2023 (USD Million)
Table 66 Ranking of Top 3 Players in the Digital Inspection Market for Ndt Technology in 2017
Table 67 Ranking of Top 3 Players in the Digital Inspection Market for Machine Vision Technology in 2017
Table 68 Ranking of Top 3 Players in the Digital Inspection Market for Metrology Technology in 2017
Table 69 10 Most Recent Product Launches in the Digital Inspection Market
Table 70 10 Most Recent Acquisitions and Partnerships in the Digital Inspection Market
Table 71 5 Recent Contracts and Collaborations in the Digital Inspection Market
Table 72 5 Recent Expansions in the Digital Inspection Market

List of Figures

Figure 1 Digital Inspection Market: Research Design
Figure 2 Process Flow
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Market Breakdown & Data Triangulation
Figure 6 Assumptions of the Research Study
Figure 7 Hardware to Hold the Largest Share of the Digital Inspection Market Throughout the Forecast Period
Figure 8 Metrology to Hold the Largest Share of the Digital Inspection Market Throughout the Forecast Period
Figure 9 Digital Inspection Market for Food & Pharmaceuticals Vertical to Grow at the Highest Rate During the Forecast Period
Figure 10 Digital Inspection Market in APAC to Grow at the Highest CAGR During the Forecast Period
Figure 11 Growing Adoption of Industrial Automation to Drive the Growth of the Digital Inspection Market
Figure 12 Metrology to Hold the Largest Size of the Digital Inspection Market Throughout the Forecast Period
Figure 13 China to Hold the Largest Share of the Digital Inspection Market in APAC in 2018
Figure 14 Digital Inspection Market in APAC to Grow at the Highest CAGR During the Forecast Period
Figure 15 US to Hold the Largest Share of the Digital Inspection Market in 2018
Figure 16 3D to Hold A Larger Share of the Digital Inspection Market Throughout the Forecast Period
Figure 17 Increasing Adoption of Industrial Automation to Drive the Growth of the Digital Inspection Market
Figure 18 Global Industrial AI Market, 2016–2020
Figure 19 Regional Analysis of Industry 4.0 Market, 2016–2022
Figure 20 Value Chain Analysis: Major Value Added During Component Supplying and Original Equipment Manufacturing Phases
Figure 21 Digital Inspection Market for Ndt to Grow at the Highest CAGR During the Forecast Period
Figure 22 Market for Eddy Current to Grow at the Highest CAGR During the Forecast Period
Figure 23 Digital Inspection Market for Software to Grow at the Highest CAGR During the Forecast Period
Figure 24 Market for 3D Digital Inspection to Grow at A Higher CAGR During the Forecast Period
Figure 25 Market for Food and Pharmaceuticals Vertical to Grow at the Highest CAGR During the Forecast Period
Figure 26 Geographic Snapshot: Digital Inspection Market
Figure 27 Snapshot of the Digital Inspection Market in the Americas
Figure 28 Snapshot of the Digital Inspection Market in Europe
Figure 29 Snapshot of the Digital Inspection Market in APAC
Figure 30 Snapshot of the Digital Inspection Market in RoW
Figure 31 Product Launches Emerged as the Key Growth Strategy Adopted By Market Players Between January 2015 and December 2017
Figure 32 Evaluation Framework: Digital Inspection Market
Figure 33 General Electric: Company Snapshot
Figure 34 Mistras Group: Company Snapshot
Figure 35 Olympus: Company Snapshot
Figure 36 Hexagon: Company Snapshot
Figure 37 Cognex: Company Snapshot
Figure 38 Nikon: Company Snapshot
Figure 39 Faro Technologies: Company Snapshot
Figure 40 Basler: Company Snapshot
Figure 41 Omron: Company Snapshot

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