An In-Depth Study Exploring the Digital Inspection Market: Key Players Cognex, FARO Technologies, General Electric, MISTRAS Group

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New Jersey, United States — (SBWIRE) – 09/05/2022 – Latest industrial growth study of the global Jewelery market 2021-2027. A detailed study accumulated to offer latest insights about acute characteristics of the global Jewelery Market. The report contains different market forecasts related to revenue size, production, CAGR, consumption, gross margin, price, and other important factors. While emphasizing the major driving and restraining forces of this market, the report also offers a comprehensive study of the future market trends and developments. It also examines the role of major market players involved in the industry, including their company overview, financial summary, and SWOT analysis.

Key players in this report include:
General Electric (US), MISTRAS Group (US), Olympus (Japan), Nikon (Japan), Zetec (US), FARO Technologies (US), Hexagon (Sweden), Cognex (US) States), Basler (Germany), OMRON (Japan).

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According to AMA, the global digital inspection market is expected to grow by 7.2%

Definition:
Digital inspection is a real-time video inspection process. Digital inspection is the method to test, measure and perform the inspection of electronic equipment as well as an automation tool with the use of devices that are digitally linked to a laptop or tablet to store and record the results electronically. This inspection provides video inspection for raw imaging, quality control, teaching, electronics inspection, forensics and assembly. There are various technologies used such as artificial vision, metrology and NDT (visual inspection, ultrasound, eddy currents, radiography).

Market trends:
Adoption of 3D dimension in digital inspection
Growing demand for storage as well as recording of test results in various industries

Market factors:
Growing consumer awareness Raising the bar on safety and quality standards
Growing demand in the automation industry

Market opportunities:
Growing need in developing economies
Increase custom solutions

The global digital inspection market segments and market data breakdown are illustrated below:
by type (machine vision, metrology, NDT (visual inspection, ultrasonic, eddy current, radiography)), application (manufacturing unit, electronics and semiconductor, oil and gas, aerospace and defense, automotive, energy and electricity, infrastructure public, food and Pharmaceutical, Others), Dimensions (2D, 3D), Offers (Hardware, Software, Services)

The Global Digital Inspection Market report highlights insights regarding current and future industry trends, growth patterns, as well as offers business strategies to help stakeholders to make sound decisions that can help ensure the trajectory of earnings over the forecast years.

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Market leaders and their expansionist development strategies
On December 13, 2018, MISTRAS Group, Inc., a key global player in technology-based asset protection solutions, acquired Onstream Pipeline Inspection Services, Inc. (a key global player in proprietary technology enabling pipeline inspection. The deal was set for $143 million.
On October 9, 2018, General Electricals launched a ground-based blade inspection system with thermal imaging technology and broadband acoustic spectral analysis to identify anomalies on blades across the wind farm, including GE and non-GE turbines.

Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions:
The Middle East and Africa (South Africa, Saudi Arabia, United Arab Emirates, Israel, Egypt, etc.)
North America (United States, Mexico and Canada)
South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia and Australia).

Report objectives
To carefully analyze and forecast the Digital Inspection market size by value and volume.
-Estimating the market shares of the major segments of Digital Inspection
To present the Digital Inspection market development in different parts of the world.
To analyze and study the micro markets in terms of their Digital Inspection market contributions, prospects, and individual growth trends.
-To offer accurate and helpful details about factors affecting the growth of Digital Inspection
-To provide a meticulous assessment of crucial business strategies employed by leading companies operating in the Digital Inspection market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments and product launches.

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Main highlights of the table of contents:

Digital Inspection Market Research Coverage:
It includes major manufacturers, emerging player’s growth story and major business segments of Digital Inspection market, years considered and research objectives. Further, segmentation based on product type, application, and technology.
Digital Inspection Market Executive Summary: It provides a summary of overall studies, growth rate, available market, competitive landscape, market drivers, trends and issues, and macroscopic pointers.
Digital Inspection Market Production by Region Digital Inspection Market Profile of Manufacturers-players is studied based on SWOT, their products, production, value, financials and others vital factors.
Key points covered in the Digital Inspection market report:
Overview, Definition and Classification of Digital Inspection Market Drivers and Barriers
Digital Inspection Market Competition by Manufacturers
Digital Inspection Market COVID-19 Impact Analysis
Digital Inspection Capacity, Production, Revenue (Value) by Region (2021-2027)
Digital Inspection Supply (Production), Consumption, Export, Import by Region (2021-2027)
Digital Inspection Production, Revenue (Value), Price Trend by Type {Machine Vision, Metrology, NDT (Visual Inspection, Ultrasound, Eddy Current, X-Ray),}
Digital Inspection Market Analysis by Application {Manufacturing Unit, Electronics & Semiconductor, Oil & Gas, Aerospace & Defense, Automotive, Energy & Power, Public Infrastructure, Food & Pharmaceutical, Others}
Digital Inspection Manufacturers Profiles/Analysis Digital Inspection Manufacturing Cost Analysis, Supply Chain/Industry Analysis, Sourcing Strategy and Downstream Buyers, Marketing
Strategy by major manufacturers/players, standardization of connected distributors/traders, regulatory and collaborative initiatives, industry roadmap and analysis of value chain market effect factors.

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Answers to key questions
How feasible is the digital inspection market for long-term investment?
What are the factors influencing the demand for digital inspection in the near future?
What is the impact analysis of various factors on the growth of the Global Digital Inspection Market?
What are the recent regional market trends and how successful are they?

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