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Global Digital Inspection Strategic Business Report 2023: Robust Activity in the Renewable Energy Sector Spurs Market Opportunities in 3D Metrology Space

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DUBLIN , June 23, 2023 /PRNewswire/ — The “Digital Inspection: Global Strategic Business Report” report has been added to  ResearchAndMarkets.com’s offering.The global market for Digital Inspection estimated at US$24.2 Billion in the year 2022, is projected to reach a revised size of US$39.2 Billion by 2030, growing at a CAGR of 6.2% over the analysis period 2022-2030.Hardware, one of the segments analyzed in the report, is projected to record a 5.3% CAGR and reach US$16.7 Billion by the end of the analysis period.Taking into account the ongoing post pandemic recovery, growth in the Software segment is readjusted to a revised 7.4% CAGR for the next 8-year period. The U.S. Market is Estimated at $6.6 Billion, While China is Forecast to Grow at 6% CAGRThe Digital Inspection market in the U.S. is estimated at US$6.6 Billion in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$6.9 Billion by the year 2030 trailing a CAGR of 6% over the analysis period 2022 to 2030.Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.8% and 5.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.1% CAGR.Select Competitors (Total 137 Featured) – Baker Hughes, a GE CompanyBasler AGCarl Zeiss AGCognex CorporationFARO Technologies, Inc.FPrimeC Solutions, Inc.Hexagon ABMISTRAS Group, Inc.Mitutoyo CorporationNational Instruments CorporationNikon Metrology NVOlympus CorporationOmron CorporationSHINING 3DZebicon a/sZetec, Inc.Key Topics Covered: I. METHODOLOGYII. EXECUTIVE SUMMARY1. MARKET OVERVIEWInfluencer Market InsightsImpact of Covid-19 and a Looming Global RecessionAn Introduction to Digital InspectionEvolution of Inspection MethodsWorldwide Digital Inspection Market: Prospects and OutlookMetrology Dominates Digital Inspection MarketHardware Segment Leads, Software to Propel Future Growth3D Digital Inspections Set for Strong GrowthDeveloped Regions Hold a Significant Share of Global MarketGlobal Economic Scenario Influences Market DynamicsGlobal Economic Outlook: Real GDP Growth Rates in % by Country/Region for the Years 2018 through 2021Manufacturing PMI: An Important BellwetherGlobal Manufacturing Purchasing Managers’ Index (PMI) for the Years 2012 through 2019Digital Inspection – Global Key Competitors Percentage Market Share in 2022 (E)Vendors Focus on Product Innovations to Reinforce Market PositionsRecent Market ActivityCompetitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERSInherent Benefits of Digital Inspection Technologies over Traditional Inspection Techniques Drives Market GrowthDigital Platforms Find Increasing Adoption to Streamline Facility InspectionsRobust Opportunity for Precision Parts Manufacturing Pushes Up the Importance of Digital Inspection TechnologiesGlobal Parts & Components Market (in US$ Billion) for the Years 2020, 2022 and 2024Digital Inspection Gains Strong Foothold in the Manufacturing IndustryTop 10 Countries in Terms of Manufacturing Output: 2018Growing Adoption of Industrial Automation Solutions Spurs Need for Digital InspectionIndustrial Control & Factory Automation Market Size in US$ Billion for 2019, 2022 and 2025With Manufacturing Moving towards Industry 4.0, Digital Inspections Become Integral to Production ProcessesShift towards Industry 4.0 Drives Opportunities in Digital Inspections Market: Global Industry 4.0 Revenues in US$ Billion for 2019, 2021, 2023 and 2025Ongoing Digitization of Oil & Gas Industry Gives Impetus to Digital Inspection MarketUse of Drones in Oil & Gas Inspections Continues to GrowRapidly Expanding Natural Gas Production & Intensified Shale Gas Programs Spur Demand for Digital Inspections in Oil & Gas SectorWorldwide E&P Capital Spending in $ Billion by Region and Type of Company for the Period 2017-2019Robust Activity in the Renewable Energy Sector Spurs Market Opportunities in 3D Metrology SpaceAutomation and Focus on Improving Productivity and Quality Drive Demand for Digital Inspections in Automotive IndustryGlobal Passenger Car Production (In Million Units) for the Years 2010, 2016, 2020, and 2024Global Passenger Car Sales (In Million Units) for the Years 2010-2024High Growth Opportunities for Digital Inspection in Automotive RepairDigital Inspection Emerges as a Handy Tool for Electronics IndustryAccurate 3D Metrology in Semiconductor and Electronics Industries Necessitates Enhanced CamerasFood & Beverages: A Niche End-Use SectorGlobal Packaged Food Sales in US$ Trillion: 2014-2024Growing Importance of QC in Food & Beverage IndustrySophisticated Inspection Equipment for Inspecting Packaging of Food Products and BeveragesInspections Solutions Gain Traction in Detecting Imperfections in Aerospace MaterialsAerospace Industry Makes Use of Non-Contact MetrologyProgressive Growth in the Commercial Aviation Sector Creates Fertile EnvironmentGlobal Commercial Aircraft Fleet Size (in Units) by Aircraft Type for the Years 2018 and 2038Global Commercial Aircraft Fleet Size (in Units) by Geographic Region for the Years 2018 & 2038Aging Aircraft Widen Addressable Market for NDT TechnologyGlobal Average Aircraft Fleet Age (In Years) by Geographic Region/Country for Cumulative Period 2018-2023 and 2023-2028Metrology: A Key Technology for Digital InspectionsIncreasing Demand for Portable Metrology Solutions Drives the Metrology Software MarketDigital Inspection Technologies Seek to Widen Scope & Span in Machine Vision EcosystemEstablished Role of NDT in Condition Monitoring Bodes Well for the MarketVisual Inspection Testing Exhibits High GrowthEddy Current Testing Holds Immense PotentialUltrasonic NDT Testing Remains a Prominent TechniqueRadiographic Testing Accelerates Market ExpansionInnovative Digital Technologies to Impact Inspection IndustryAI Paves the Way for Digital Solutions in Industrial InspectionInnovative Technologies to Significantly Reduce Inspection Costs in Oil & Gas Sector4. GLOBAL MARKET PERSPECTIVEIII. MARKET ANALYSISIV. COMPETITIONFor more information about this report visit https://www.researchandmarkets.com/r/bbvag0About ResearchAndMarkets.comResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.Media Contact:Research and MarketsLaura Wood, Senior Managerpress@researchandmarkets.comFor E.S.T Office Hours Call +1-917-300-0470For U.S./CAN Toll ours Call +353-1-416-8900U.S. Fax: 646-607-1907Fax (outside U.S.): +353-1-481-1716Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg  View original content:https://www.prnewswire.com/news-releases/global-digital-inspection-strategic-business-report-2023-robust-activity-in-the-renewable-energy-sector-spurs-market-opportunities-in-3d-metrology-space-301860988.htmlSOURCE Research and Markets

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