Industrial X-Ray Market Surpass $ 1,170 Million by 2030

Author: Acumen Research and Consulting

According to Acumen Research & Consulting, the global industrial x-ray market size is estimated to grow a CAGR above 7% over the forecast timeframe and reach a market value of around USD 1,170 million by 2030.

 

Nondestructive testing (NDT) is essential in today's modern world and is used in a number of industries, including fabrication, manufacturing, and healthcare. It's difficult to imagine a time before this invention, which allows evaluated materials to be analyzed without causing damage. And in the relatively short history of x-ray technology, non-destructive testing is relatively new. Until 1912, x-rays were mostly used in the health and surgical fields. The desire to use cutting-edge technology in industrial applications existed, but the tubes that generated x-rays were not durable enough to allow its use. That began to change in 1913 when a better and more advanced x-ray tube had become widely available. Furthermore, radiography and non-destructive testing (NDT) methods have advanced to include not only x-ray testing but also magnetic particle examination, ultrasonic testing, Penetrant testing, and other techniques.

 

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One of the most common non-destructive (NDT) testing procedures in the industrial sector is industrial x-ray system. From inspecting, quantifying, and qualifying failures and defects to identifying externally and internally geometry, the industrial x-ray is an essential tool for the industry. Even though industrial x-ray systems are frequently used for testing welds, valves, pipelines, frameworks, machined parts, metal surfaces, and solid or non uniform materials, their applications vary according to the type of material, and the surface area of the component. Furthermore, industrial x-ray systems are critical in product R&D, fabrication, design, and manufacturing. Besides that, end-user demand for industrial x-rays is increasing, owing to a variety of factors such as stringent safety standards, rising security concerns, increased manufacturing automation, an increased consumer awareness for high quality and final products, and miniaturization of product and system components.

 

Global Industrial X-Ray Market Growth Aspects

 

Among the most valuable tools in diagnostic applications are industrial x-ray systems. The transformation from a traditional film-based system to a creative and highly sophisticated digital system is driving the market growth. In industries such as automotive and aerospace sectors, which require high quality, are among the important end-uses of the high-resolution industrial x-ray system. Furthermore, strict government regulations requiring x-ray inspection systems for safety purposes drive up demand for market even more. Increased inspection control and research activities open up much more significant growth potential for the industrial x-Ray Market. Furthermore, the growing adoption of miniaturized technology solutions by a variety of end-user verticals is fueling the growth of the market. However, the high-risk level associated with radiation exposure and the high implementation costs of industrial x-ray techniques may stymie global market growth. Additionally, industrial growth in developing economies such as the Asia-Pacific, the Middle East, and Africa, combined with automation of testing and evaluation processes, are providing potential growth opportunities for the global industrial x-ray market.

 

Regional Overview

 

North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa are the regional classification of the global industrial x-ray market. North America is expected to hold the largest share of the overall industrial x-ray market in 2021. This region's large market share is primarily due to the rising demand for industrial x-ray systems in the oil and gas and automotive industry. The COVID-19 pandemic had a significant negative impact on the North American industrial x-ray systems market. Due to low production and low oil prices, major oil and gas companies in the region reduced developments in inspection-related activities. Furthermore, Europe is expected to be the fastest-growing industry over the predicted period. Industrial x-ray systems are essential to enhancing intelligent automation in Europe because they allow users to test internal performance on parts without causing surface or structural damage.

 

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Market Segmentation

 

The global industrial x-ray market has been segmented by Acumen Research and Consultancy based on technology, dimension and end-use industry. Based on the technology, the market is divided into film radiography, digital radiography, real time radiography, computed radiography, computed tomography, and others. Based on dimension, the market split into 2D, and 3D. Based on end-use industry, the market is classified into oil & gas, automotive & transportation, aerospace, power generation, manufacturing, and others.

 

Major Players

 

Some key players covered global in the industrial x-ray market are Nikon Metrology NV, YXLON International GmbH, VJ Group Inc., Nordson DAGE, Samsung Medison Co., Ltd., 3DX-RAY Ltd., Smiths Detection Inc., North Star Imaging Inc., VisiConsult X-ray Systems & Solutions GmbH, Mettler-Toledo International Inc., Smiths Group Plc., and General Electric Co.

 

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About Acumen:

 

Acumen Research and Consulting is a global provider of market intelligence and consulting services to information technology, investment, telecommunication, manufacturing, and consumer technology markets. ARC helps investment communities, IT professionals, and business executives to make fact based decisions on technology purchases and develop firm growth strategies to sustain market competition. With the team size of 100+ Analysts and collective industry experience of more than 200 years, Acumen Research and Consulting assures to deliver a combination of industry knowledge along with global and country level expertise.

 

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