Industrial Radiography Equipment Market (By Imaging Technique: Digital Radiography [Direct Radiography, Computed Tomography, Computed Radiography], Film-based Radiography; By Application: Aerospace & Defense, Automotive & Transportation, Manufacturing, Oil & Gas, Electronics, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

Category : Construction and Manufacturing | Published at : April-2019 | Delivery Format : PDF | Status: Published | Pages : 190


The report provides analysis of global Industrial Radiography Equipment market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year. According to Acumen Research and Consulting, the global Industrial Radiography Equipment market is expected to grow around 6.5 % CAGR throughout the forecast period and reach value around USD 950 million by 2026.

Growing radiographic opportunities in the manufacture of additives drives industrial radiography equipment market. With the introduction of new technologies, additional production based on 3D printing recorded important development. The need for radiographic testing has increased with the increased use of additive manufacturing.

The report states that the popularity of industrial radiography around the world would continue to influence the market. As regards the demand, it is projected that North America is the world market leader, with the CAGR market expanding more than 6% in the region during the predicted period.

Market Dynamics

A key driver for growth for the global industrial radiography equipment market is replacing analog x-rays with digital x-rays. The advantages of digital X-ray systems include increased output, improved image quality, faster scanning and multi Storage options. Images of digital systems can be stored on hard disks or disks and the quality of produced images can be controlled better by users.

Although digital X-rays are costly than analog X-rays, the large return on investments encourages end-users to upgrade their X-rays. The need for better testing and measuring in tube assemblies, multi-layered printed circuit boards and semi-conductor chips also increases the demand for industrial x-rays systems. A significant driving factor for market growth in a CAGR of nearly 14 percent over the forecast period is identified as the replacement of analog radiographic systems with digital radiographic systems.

Industry Outlook

Based on imagery, the worldwide market for industrial x-rays is divided into film-basedx-rays and digital x-rays. In addition, direct radiation, computed radiography and tomography are divided into the digital radiography segment. Due to the increasing use of this method for non-destructured component testing to assess quality and ensure structural integrity, the digital x-ray segment is expected to expand quickly during the forecast time.

As regards application, aeroespace & defense, automotive & transport, electronic, manufacturing, oil & gas, etc. have classified the global market in the field of industrial radiographic equipment. This can be attributed to the increased use of the industrial X-ray method in the production sector to ensure high component quality. In addition, different manufacturers use industrial radiography to analyze the quality of additives in the additive manufacturing process. Therefore, over the prediction period, the production segment is expected to expand at an important CAGR of over 7 %.

Increasing Miniaturization In The Semiconductor Industry To Fuel The International Market For Industrial X - Ray Equipment

The semiconductor sector has flourished worldwide, particularly in developing economies like China and India over the past few years. Several technological improvements were made in the semiconductor sector with continued decrease in the size of electronic components and a growing demand for highly-performing electricity-efficient products. The reduced component size makes it difficult for components like printed circuit panels, wafers, plug contacts and cables to perform quality tests. The non-destructive analysis of electronic components, such as surface-mount (SMD) and columning grid arrays, can also be done through industrial radiogram; soldering bumps can be identified in ICs; and the thickness of materials that are coated on PCBs can be examined. Industrical radiography in the semiconductor sector is increasingly used for the purpose of ensuring high quality and efficient performance by key players involved in the production of electronic components.

Regional Stance

Based on region, the global Industrial Radiography Equipment market has been segmented into North America, Asia Pacific, Latin America, Europe, and Middle East & Africa. In the forecast period, North America is expected to hold a significant share of the global market for industrial x-rays. The growth in this sector is primarily due to growing demand for industrial X-rays from a variety of industries such as aerospace and defence, semiconductor, oil and gas and manufacturing in the region. In particular in developing economies such as China and India, industrial X-rays gain popularity in the Asia Pacific region. The increasing popularity of electronic components in the region is caused by the growing semiconductor industry and increasing miniaturization.

Market Segmentation

Global Industrial Radiography Equipment Market, by Imaging Technique

  • Digital Radiography
    • Direct Radiography
    • Computed Tomography
    • Computed Radiography
  • Film-based Radiography

Global Industrial Radiography Equipment Market, by Application

  • Aerospace & Defense
  • Automotive & Transportation
  • Manufacturing
  • Oil & Gas
  • Electronics
  • Others

Global Industrial Radiography Equipment Market, by Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • Rest of Asia-Pacific
  • Latin America
    • Brazil
    • Chile
    • Rest of Latin America
  • Middle East and Africa (MEA)
    • South Africa
    • Saudi Arabia
    • Rest of MEA

The market research study on “Industrial Radiography Equipment Market (By Imaging Technique: Digital Radiography [Direct Radiography, Computed Tomography, Computed Radiography], Film-based Radiography; By Application: Aerospace & Defense, Automotive & Transportation, Manufacturing, Oil & Gas, Electronics, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026” offers detailed insights on global Industrial Radiography Equipment market segments with market dynamics and their impact. The report provides insights on global Industrial Radiography Equipment market by system type, racking system type, frame load capacity, application, end use industry and major geographic regions. The report also covers basic technology development policies.

The report offers an overview of the market and statistical diagrams to support the expected figures. Our analysts predict the market scope and future prospects in an insightful way. The Acumen Research and Consulting report contains a comprehensive analysis of the global market in Industrial Radiography Equipment segmented by molecular type, test type and region. The report outlines numerous growth strategies implemented by companies as well as the latest market trends. The market share and current position of all leading players are discussed in detail. It analyzes players ' new revenue sources and highlights the different strategies.

Key Players & Strategies

The key players in the world market for industrial X-rays focus on developing and marketing new products to achieve competitiveness and improve their brand positioning in the market. In November 2018, for instance, Fujifilm has announced that they will add to their portfolio digital radiography solutions, two new digital x-rays, i.e. Calneo Dual (only available in Japan) and the FDR ES.

In addition, major players form strategic alliances with peers and less well-established players to gain market share. Fujifilm Corporation, Comet Group, Shimadzu Corporation, Nikon Corporation and North Star Imaging are the key players in the global market for industrial radiography equipments.

The market seems fragmented and the competitive environment is quite intense in the presence of several companies including Anritsu and Comet Holding. Factors such as the increasing opportunity for x-rays in additive production and the growing compliance with the safety regulations will provide the manufacturers of industrial x-rays with substantial growth opportunities.

Cart Summary