Optical System and Nondestructive Testing (NDT) are used for inspecting, testing, or evaluating materials, components or assemblies for discontinuities, or differences in characteristics without destroying the serviceability of any part or the entire system. Also, after the inspection or test is completed the part can be used again. Currently, these nondestructive tests are used in manufacturing, fabrication and in-service inspections to ensure product integrity and reliability, to regulate manufacturing processes, lower production costs and to maintain an even quality level.
The report aims to provide an overview of Global Optical System and Nondestructive Testing Market for Inspection and Maintenance, with detailed market segmentation by product types, method, application, end-user vertical, and geography. The global optical system and nondestructive testing market for inspection and maintenance is expected to witness exponential growth during the forecast period with worldwide acceptance of Internet of Things (IoT) and growing application for Computer-Aided Design and Computer-Aided Manufacturing (CAD/CAM) in multiple industry sector.
The objectives of this report is as follows:
- To provide overview of the global optical system and nondestructive testing market for inspection and maintenance market
- To analyze and forecast the global optical system and nondestructive testing market for inspection and maintenance on the basis of product type, method, and application and end user
- To provide market size and forecast till 2031 for overall market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM), which is later sub-segmented by respective countries
- To evaluate market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend
- To provide exhaustive PEST analysis for all five regions
- To profiles key optical system and nondestructive testing players influencing the market along with their SWOT analysis and market strategies
Some of the leading players in optical system and nondestructive testing market for inspection and maintenance are Aicon 3D Systems Gmbh, Ashtead Technology Inc., Creaform Inc., Faro Technologies Inc., Fischer Technology Inc., Hexagon Metrology Inc., Nikon Metrology N.V., Nova Measuring Instruments Ltd., Olympus Corporation, and
Semilab Semiconductor Physics Laboratory Co. Ltd.
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1 Introduction
1.1 Scope of Study
1.2 The Insight Partners Research Report Guidance
2 Key Takeaways
3 Optical Systems and Nondestructive Testing Systems for Inspection and Maintenance Landscape
3.1 Market Overview
3.2 Market Segmentation
3.2.1 Optical Systems and Nondestructive Testing Systems for Inspection and Maintenance - By Product Type
3.2.2 Optical Systems and Nondestructive Testing Systems for Inspection and Maintenance - By Method
3.2.3 Optical Systems and Nondestructive Testing Systems for Inspection and Maintenance - By Application
3.2.4 Optical Systems and Nondestructive Testing Systems for Inspection and Maintenance - By Region
3.2.4.1 By Countries
3.3 PEST Analysis
3.3.1 North America - PEST Analysis
3.3.2 Europe - PEST Analysis
3.3.3 Asia Pacific - PEST Analysis
3.3.4 Middle East and Africa - PEST Analysis
3.3.5 South America - PEST Analysis
4 Optical Systems and Nondestructive Testing Systems for Inspection and Maintenance - Key Industry Dynamics
4.1 Impact Analysis
4.2 Key Market Drivers
4.3 Key Market Restraints
4.4 Key Market Opportunities
4.5 Future Trends
5 Optical Systems and Nondestructive Testing Systems for Inspection and Maintenance Analysis- Global
5.1 Global Optical Systems and Nondestructive Testing Systems for Inspection and Maintenance Overview
5.2 Global Optical Systems and Nondestructive Testing Systems for Inspection and Maintenance forecast and analysis
6 Optical Systems and Nondestructive Testing Systems for Inspection and Maintenance Revenue and Forecasts to 2028 -Product Types
6.1 Overview
6.2 Product type market forecast and analysis
6.3 Flaw Detectors Market
6.3.1 Overview
6.3.2 Flaw Detectors market forecast and analysis
6.4 Leak Detectors Market
6.4.1 Overview
6.4.2 Leak Detectors market forecast and analysis
6.5 Integrated Inspection Solutions Market
6.5.1 Overview
6.5.2 Integrated Inspection Solutions market forecast and analysis
6.6 Thickness Gauges Market
6.6.1 Overview
6.6.2 Thickness Gauges market forecast and analysis
6.7 Microscope Solutions Market
6.7.1 Overview
6.7.2 Microscope Solutions market forecast and analysis
6.8 Videoscopes and Beroscopes Market
6.8.1 Overview
6.8.2 Videoscopes and Beroscopes market forecast and analysis
6.9 XRF and XRD Analyzers Market
6.9.1 Overview
6.9.2 XRF and XRD Analyzers market forecast and analysis
6.10 Other Market
6.10.1 Overview
6.10.2 Other market forecast and analysis
7 Optical Systems and Nondestructive Testing Systems for Inspection and Maintenance Revenue and Forecasts to 2028 - Method
7.1 Overview
7.2 Inspection Method market forecast and analysis
7.3 Visual Inspection Market
7.3.1 Overview
7.3.2 Visual Inspection market forecast and analysis
7.4 Surface Inspection Market
7.4.1 Overview
7.4.2 Surface Inspection market forecast and analysis
7.5 Volumetric Inspection Market
7.5.1 Overview
7.5.2 Volumetric Inspection market forecast and analysis
7.6 Other Inspection Market
7.6.1 Overview
7.6.2 Other Inspection market forecast and analysis
8 Optical Systems and Nondestructive Testing Systems for Inspection and Maintenance Revenue and Forecasts to 2028 - Application
8.1 Overview
8.2 Application market forecast and analysis
8.3 Semiconductor and Electronics Market
8.3.1 Overview
8.3.2 Semiconductor and Electronics market forecast and analysis
8.4 Automobile Market
8.4.1 Overview
8.4.2 Automobile market forecast and analysis
8.5 Oil and Gas Market
8.5.1 Overview
8.5.2 Oil and Gas market forecast and analysis
8.6 Mining Market
8.6.1 Overview
8.6.2 Mining market forecast and analysis
8.7 Power Market
8.7.1 Overview
8.7.2 Power market forecast and analysis
8.8 Chemicals Market
8.8.1 Overview
8.8.2 Chemical market forecast and analysis
8.9 Construction Market
8.9.1 Overview
8.9.2 Construction market forecast and analysis
8.10 Aerospace Market
8.10.1 Overview
8.10.2 Aerospace market forecast and analysis
8.11 Other Market
8.11.1 Overview
8.11.2 Others market forecast and analysis
9 Optical Systems and Nondestructive Testing Systems for Inspection and Maintenance Revenue and Forecasts to 2028 - Geographical Analysis
9.1 North America
9.1.1 North America Optical Systems and Nondestructive Testing Systems for Inspection and Maintenance overview
9.1.2 North America Optical Systems and Nondestructive Testing Systems for Inspection and Maintenance forecast and analysis
9.1.2.1 North America market forecast and analysis - By Countries
9.1.2.1.1 US market
9.1.2.1.2 Canada market
9.1.2.1.3 Mexico market
9.1.2.2 North America market forecast and analysis - By Product Type
9.1.2.3 North America market forecast and analysis - By Method
9.1.2.4 North America market forecast and analysis - By Application
9.2 Europe
9.2.1 Europe Optical Systems and Nondestructive Testing Systems for Inspection and Maintenance overview
9.2.2 Europe Optical Systems and Nondestructive Testing Systems for Inspection and Maintenance forecast and analysis
9.2.2.1 Europe market forecast and analysis - By Countries
9.2.2.1.1 France market
9.2.2.1.2 Germany market
9.2.2.1.3 Italy market
9.2.2.1.4 Spain market
9.2.2.1.5 UK market
9.2.2.2 Europe market forecast and analysis - By Product Type
9.2.2.3 Europe market forecast and analysis - By Method
9.2.2.4 Europe market forecast and analysis - By Application
9.3 Asia pacific (APAC)
9.3.1 Asia Pacific Optical Systems and Nondestructive Testing Systems for Inspection and Maintenance overview
9.3.2 Asia Pacific Optical Systems and Nondestructive Testing Systems for Inspection and Maintenance forecast and analysis
9.3.2.1 Asia Pacific market forecast and analysis - By Countries
9.3.2.1.1 Australia market
9.3.2.1.2 China market
9.3.2.1.3 India market
9.3.2.1.4 Japan market
9.3.2.2 Asia Pacific market forecast and analysis - By Product Type
9.3.2.3 Asia Pacific market forecast and analysis - By Method
9.3.2.4 Asia Pacific market forecast and analysis - By Application
9.4 Middle East and Africa (MEA)
9.4.1 Middle East and Africa Optical Systems and Nondestructive Testing Systems for Inspection and Maintenance overview
9.4.2 Middle East and Africa Optical Systems and Nondestructive Testing Systems for Inspection and Maintenance forecast and analysis
9.4.2.1 Middle East and Africa market forecast and analysis - By Countries
9.4.2.1.1 South Africa market
9.4.2.1.2 Saudi Arabia market
9.4.2.1.3 UAE market
9.4.2.2 Middle East and Africa market forecast and analysis - By Product Type
9.4.2.3 Middle East and Africa market forecast and analysis - By Method
9.4.2.4 Middle East and Africa market forecast and analysis - By Application
9.5 South America (SAM)
9.5.1 South America Optical Systems and Nondestructive Testing Systems for Inspection and Maintenance overview
9.5.2 South America Optical Systems and Nondestructive Testing Systems for Inspection and Maintenance forecast and analysis
9.5.2.1 South America market forecast and analysis - By Countries
9.5.2.1.1 Brazil market
9.5.2.2 South America market forecast and analysis - By Product Type
9.5.2.3 South America market forecast and analysis - By Method
9.5.2.4 South America market forecast and analysis - By Application
10 Industry Landscape
10.1 Mergers & acquisitions
10.2 Market Initiatives
10.3 New developments
10.4 Investment scenarios
11 Competitive Landscape
11.1 Competitive Product mapping
11.2 Market positioning/ market share
12 Optical Systems and Nondestructive Testing Systems for Inspection and Maintenance, Key Company Profiles
12.1 Anritsu Corporation
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Aicon 3D Systems Gmbh
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Ashtead Technology Inc.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Creaform Inc.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Faro Technologies Inc.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Fischer Technology Inc.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Hexagon Metrology Inc.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Nikon Metrology N.V.
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Nova Measuring Instruments Ltd.
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Olympus Corporation
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
12.11 Semilab Semiconductor Physics Laboratory Co. Ltd.
12.11.1 Key Facts
12.11.2 Business Description
12.11.3 Products and services
12.11.4 Financial Overview
12.11.5 SWOT Analysis
12.11.6 Key Developments
13 Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
13.3 Research Methodology
- Aicon 3D Systems Gmbh
- Ashtead Technology Inc.
- Creaform Inc.
- Faro Technologies Inc.
- Fischer Technology Inc.
- Hexagon Metrology Inc.
- Nikon Metrology N.V.
- Nova Measuring Instruments Ltd.
- Olympus Corporation
- Semilab Semiconductor Physics Laboratory Co. Ltd.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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