Market Analysis
The global digital inspection market will touch USD 26 billion at a 9% CAGR during the forecast period 2020- 2027, states the latest Market Research Future (MRFR) analysis. A digital inspection is an inspection done through technicians through devices like laptops or tablets to record the results. Various forms of software are used in digital inspections.
Various factors are fuelling the global digital inspection market growth. As per the recent MRFR market estimates, such factors include increasing need for recording and storing test results in various industries such as electrical and electronics equipment industry, food and beverages, aviation, oil and gas, and automotive, the demand for accurate inspection of 3D data, considerable focus on quality control, adoption of metrology digital inspection tools in real estate sector to perform property assessment such as energy audit, windstorm inspection, home inspection, and building inspection, wide adoption of digital inspection solutions in different industries such as mechanics, engineering, transportation, security service providers, fire response unit, government bodies, military, and healthcare, growing adoption of industrial automation, technological benefits over traditional methods, growing consumer awareness increasing the bar of safety & quality standards, and the need for digital inspection of electrical components such as solenoids and fuses.
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On the contrary, high deployment and system cost and the impact of the COVID-19 pandemic may limit the global digital inspection market growth over the forecast period.
Market Segmentation
The MRFR report throws light on an inclusive segmental analysis of the global digital inspection market based on technology, solution, dimension, and application.
By technology, the global digital inspection market is segmented into non-destructive testing (NDT), metrology, and machine vision. Of these, the NDT segment will lead the market over the forecast period.
By solution, the global digital inspection market is segmented into software and hardware. The hardware segment is again segmented into digital multi-meters, USB digital microscope, and video borescope. The software segment is again segmented into horizon inspection software, HomeInspect, Qwerks, and Action Card. Of these, the hardware segment will dominate the market over the forecast period.
By dimension, the global digital inspection market is segmented into 2D & 3D. Of these, the 3D segment will spearhead the market over the forecast period.
By application, the global digital inspection market is segmented into public infrastructure, food and beverages, energy and power, automotive, aerospace and defense, oil and gas, electronics and semiconductor, manufacturing, and others. Of these, the manufacturing segment will have the lions share in the market over the forecast period.
Regional Analysis
By region, the global digital inspection market covers the recent trends and growth opportunity across Europe, the Asia Pacific (APAC), North America, and Rest of the World (RoW). Of these, North America will reign the market over the forecast period. Major players present in different verticals like energy and power, public infrastructure, aerospace and defense, and automotive in the US, and the region being the hub for power generation and manufacturing verticals are adding to the global digital inspection market growth in the region.
In the APAC region, the global digital inspection market is predicted to have healthy growth over the forecast period. Huge demand for digital inspection systems, India, Japan, and China investing in automation to improve business revenue, increasing population, government initiatives to promote industrial growth, accelerating economies both developing and developed, ideal destination for production units for different verticals like automotive, electronics, and semiconductor, advances in economic growth, construction of power plants, and infrastructural developments are adding to the global digital inspection market growth in the region.
In Europe, the global digital inspection market is predicted to have admirable growth over the forecast period for the adoption of digital inspection solutions and the region being an emerging hub for energy and power industries, automotive, and manufacturing.
Key Players
Leading players profiled in the global digital inspection market report include SUALAB (South Korea), Zebicon (Denmark), Shinning 3D Tech (China), FPrimeC Solutions (Canada), iPromar (Singapore), Keyence (Japan), National Instruments (US), GOM (Germany), Mitutoyo (Japan), Carl Zeiss (Germany), OMRON (Japan), Basler (Germany), FARO Technologies (U.S.), Zetec (US), Nikon (Japan), Cognex (US), Hexagon (Sweden), Olympus (Japan), MISTRAS Group (U.S.), and General Electric (U.S.), among others.
Industry Updates
May 2021- HCSS has introduced its latest version of HCSS Aerial, a data analytics platform that is drone-based. It contains digital inspection enhancements and design visualization.
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Table of Contents
1 Executive Summary
2 Scope of The Report
2.1 Market Definition
2.2 Scope of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Market Structure
Continued…
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Market Analysis The global digital inspection market will touch USD 26 billion at a 9% CAGR during the forecast period 2020- 2027, states the latest Market Research Future (MRFR) analysis.
A digital inspection is an inspection done through technicians through devices like laptops or tablets to record the results.
As per the recent MRFR market estimates, such factors include increasing need for recording and storing test results in various industries such as electrical and electronics equipment industry, food and beverages, aviation, oil and gas, and automotive, the demand for accurate inspection of 3D data, considerable focus on quality control, adoption of metrology digital inspection tools in real estate sector to perform property assessment such as energy audit, windstorm inspection, home inspection, and building inspection, wide adoption of digital inspection solutions in different industries such as mechanics, engineering, transportation, security service providers, fire response unit, government bodies, military, and healthcare, growing adoption of industrial automation, technological benefits over traditional methods, growing consumer awareness increasing the bar of safety & quality standards, and the need for digital inspection of electrical components such as solenoids and fuses.
Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/6141On the contrary, high deployment and system cost and the impact of the COVID-19 pandemic may limit the global digital inspection market growth over the forecast period.
Huge demand for digital inspection systems, India, Japan, and China investing in automation to improve business revenue, increasing population, government initiatives to promote industrial growth, accelerating economies both developing and developed, ideal destination for production units for different verticals like automotive, electronics, and semiconductor, advances in economic growth, construction of power plants, and infrastructural developments are adding to the global digital inspection market growth in the region.
In Europe, the global digital inspection market is predicted to have admirable growth over the forecast period for the adoption of digital inspection solutions and the region being an emerging hub for energy and power industries, automotive, and manufacturing.
The Spirulina Market is expected to grow at a CAGR of 10.3% from 2020-2030, according to a new research report by Next Move Strategy ConsultingSpirulina is a blue green algae with high nutrient content, usually consumed by human & animals.
It is also used as a complementary diet ingredient in aquaculture & poultry feeds owing to the presence of high protein & vitamin content.According to the report, growth in health consciousness among people and the rising demand for dietary supplements are major factors driving the spirulina market growth.
Additionally, high penetration of spirulina in industries such as cosmetics and pharmaceutical owing to the advantageous properties such as anti-aging, anti-wrinkles and othersare bringing changes in market tends.However, low stability & poor sustainability of spirulina derived colours is expected to restrict the market growth.Moreover, growth in research & development activities followed by untapped market opportunities in developing economies are anticipated to provide numerous opportunities to the market players in the coming few years.On the basis of type, spirulina market share is segmented into Arthrospira Platensis and Arthrospira Maxima.
Arthrospira Maxima dominates the global Spirulina market and will be the dominant throughout the forecasted period.On the basis of application, the Spirulina market is categorised into Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others.Food & Beverages segment is likely to develop significantly over the period of time owing to fast growing food & beverage industry.On the basis of drug formulation, the spirulina market is bifurcated into Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent.
Powder segment is expected to account for the major market share & dominate the market growth over the forecast period.North America dominates the spirulina market in terms of market size over the forecast period, owing to rising health consciousness among people.
Hansen Holding A/S, Algenol Biofuels Inc., Dongtai City Spirulina Bio-engineering Co., Ltd., Prolgae, Parry Neutraceuticals, Sensient Technologies Corporation, DDW Inc., Algatec and Naturex S.A.Browse key industry insights from the report, “Spirulina Market Size By Type (ArthrospiraPlatensis and Arthrospira Maxima) By Application (Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others), By Drug Formulation (Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent)Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Kuwait), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020–2030” in detail along with the table of contents:Key Insights from the Spirulina Market Report:Asia Pacific is the fastest growing region in Spirulina market owing to the rising demand of spirulina from various industries such as cosmetics, food , healthcare and others and government initiatives to promote local spirulina production.The Food & Beverages segment dominates the market in terms of application and is expected to grow at a significant CAGR to maintain the lead till 2030.Some of the major players in the market are DIC Corporation, Cyanotech Corporation, Chr.
