Digital Inspection Market Size, Share & Industry Analysis, By Technology (Machine Vision, Metrology, NDT), By Offering (Hardware, Software, Services), By Vertical (Electronics and Semiconductor, Manufacturing, Oil & Gas, Aerospace & Defense), By Dimension (2D, 3D)And Regional Forecast, 2024-2032

Digital inspection is used to perform test inspection of electronic equipment and automation tool with the help of technologically advanced devices. These devices are digitally connected to a laptop and used to record the data electronically. Previously, several organizations were using a paper-based inspection system. Several inspections were recorded on paper in a different format which was time-consuming with low accuracy and efficiency. However, the growing adoption of digital inspection services in the electronics and semiconductor, manufacturing, and automotive industry is refueling the market growth.

The factors are projected to drive the market are the growing adoption of industrial automation. Moreover, the miniaturization of products offered by end-user industries are anticipated to boost the market. The rapid industrialization in developing economies is an upcoming opportunity for the market. However, the lack of skilled workforce is affecting the market growth.

Key Market Driver -

• Technological Advantages Over Conventional Methods • Growing Adoption of Industrial Automation

Key Market Restraint -

• High System and Deployment Costs

Market Segmentation:

By technology, the market is segmented into machine vision, metrology, and NDT. Based on the offering, the market is segmented into hardware, software, and services. Based on the vertical, the market is categorized into electronics and semiconductor, manufacturing, oil & gas, aerospace & defense, automotive, energy and power, public infrastructure, food and pharmaceuticals, and others. Based on the dimension, the market is classified as 2D and 3D. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, and the Rest of the World.

Key Players Covered:

Major key players that are present in the digital inspection market are Basler (Germany), Carl Zeiss (Germany), General Electric (The U.S.), GOM (Germany), Hexagon AB (Sweden), Keyence (Japan), Olympus Corporation (Japan), OMRON (Japan), MISTRAS Group (The U.S.), SUALAB (South Korea), Zebicon(Denmark)and among others.

Key Insights

• Growing Consumer Awareness Raising the Bar of Safety and Quality Standards


• Increasing adoption for Industrial Automation

Regional Analysis:

The digital inspection market is analyzed across four major regions North America, Europe, Asia Pacific, and Rest of the World. At present, North America is expected to steer the market during the forecast period. This growth is attributed to key players' presence, which includes General Electric, MISTRAS Group, and others.

The Asia Pacific is estimated to capture a significant market share of the market during the forecast period. This market growth is attributed to the growing demand for digital inspection services from the emerging economy such as China and India for the aerospace & defense, automotive, and food and pharmaceuticals-based industry. The prevailing COVID-19 pandemic had pushed large healthcare companies to step up their strategy around digital transformation. The digital transformation of Indian based pharma industry is now focused on improving operational efficiency and automated administrative towards the clinical processes to deliver better patient outcomes.

Europe also exhibits significant growth in the market. This growth is owing to the government initiatives taken by the government of the U.K. and Germany to promote industrial growth. The Rest of the World registers significant growth during the forecast period. This growth is attributed to the growing demand for digital inspection services in South America and Middle East & Africa for the oil & gas industry. The increasing demand for non-destructive testing (NDT) services in oil & gas is refueling market growth.

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Segmentation

Weather Forecasting Systems & Solutions Industry Developments

• In April 2021, Dubai’s Roads and Transport Authority (RTA) had introduced an initiative for carrying out field inspections of heavy trucks by using technologically advanced drones. The strategy aims to enhance the role and profile of the UAE as a global hub for the 4th Industrial Revolution. The strategy contributes to a competitive national economy driven by innovation, futuristic applications in digital technologies.


• In March 2021, Phase One, a developer of digital imaging technologies, had announced the P3 Payload, a versatile solution designed for fast, efficient and safe inspection of critical infrastructure with an unmanned aerial vehicle (UAV).