DUBLIN--(BUSINESS WIRE)--Apr 4, 2018--The "Digital Inspection Market by Technology, Offering, Dimension, Vertical, and Geography - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

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.

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.

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.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Digital Inspection Market, By Technology

7 Digital Inspection Market, By Offering

8 Digital Inspection Market, By Dimension

9 Digital Inspection Market, By Vertical

10 Geographic Analysis

11 Competitive Landscape

12 Company Profiles

  • Basler
  • Carl Zeiss
  • Cognex
  • Faro Technologies
  • Fprimec Solutions
  • General Electric
  • Gom
  • Hexagon
  • Ipromar
  • Keyence
  • Mistras Group
  • Mitutoyo
  • National Instruments
  • Nikon
  • Olympus
  • Omron
  • Shining 3D Tech
  • Sualab
  • Zebicon
  • Zetec

For more information about this report visit https://www.researchandmarkets.com/research/8d3nv3/digital?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180404005615/en/

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Related Topics:Industrial Machinery

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY OTHER TECHNOLOGY MANUFACTURING ENGINEERING OTHER MANUFACTURING AUTOMOTIVE OTHER AUTOMOTIVE

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 04/04/2018 07:47 AM/DISC: 04/04/2018 07:47 AM

http://www.businesswire.com/news/home/20180404005615/en