Digital Inspection Industry Statistics

In this post, we provide an overview of the dynamic landscape of the digital inspection industry, highlighting key statistics and trends shaping its growth and development. From the substantial market size and projected growth rates to sector-specific insights and the impact of emerging technologies, the world of digital inspection offers a wealth of opportunities and implications for industries worldwide.

Statistic 1

"The global digital inspection market size was valued at $18.47 billion in 2020."

Statistic 2

"It is projected that the digital inspection industry will grow at a CAGR of 7.2% from 2021-2026."

Statistic 3

"The industrial sector accounts for the largest share of the digital inspection market."

Statistic 4

"The Asia-Pacific region is expected to grow at the highest CAGR in the digital inspection market between 2021-2026."

Statistic 5

"The digital inspection market in North America was worth $6.13 billion in 2020."

Statistic 6

"The hardware segment held the largest share of the digital inspection industry in 2020."

Statistic 7

"Non-destructive testing accounted for the largest market share in the applications segment in 2020."

Statistic 8

"The aerospace & defense sector accounted for the second-largest share of the digital inspection market in 2020."

Statistic 9

"The Latin America market for digital inspection is expected to exhibit a CAGR of 8.7% over the forecast period."

Statistic 10

"The automotive sector's share in the digital inspection market was worth $5.13 billion in 2020."

Statistic 11

"The electronics & semiconductor sector will likely experience a growth rate of 6.7% in the digital inspection industry over the forecast period."

Statistic 12

"Digital radiography held a 12% share of the digital inspection market in 2020."

Statistic 13

"It is expected that by 2023, every second medium to large-sized metalworking company will use digital twin technology in production planning, which includes digital inspection."

Statistic 14

"Companies leveraging digital inspection technology have reported a 30% increase in operational efficiency."

Statistic 15

"Drone technology, used in digital inspections, is expected to grow to $1.2 billion by 2025."

Statistic 16

"The adoption rate of AI-powered digital inspections in the oil & gas industry has increased by 25% since 2018."

The digital inspection industry is experiencing significant growth and evolution, with the global market size valued at $18.47 billion in 2020 and projected to grow at a CAGR of 7.2% from 2021-2026. The industrial sector and Asia-Pacific region are key drivers of this growth, with specific sectors like aerospace & defense and automotive playing substantial roles. Non-destructive testing and digital twin technology are becoming increasingly prominent in the industry, showcasing the advancements in inspection methodologies. Companies utilizing digital inspection technologies are reaping the benefits of increased operational efficiency. The future of digital inspections looks promising, with the integration of AI-powered solutions and drone technology expected to further enhance the industry’s capabilities.