Press release
Industrial X-Ray Market: Comprehensive Study Explores Huge Growth in 2018-Know the Strategies Adopted by Players to Stay Ahead in Competition-Dominated by Comet Group, GE, Nikon, Toshiba, Shimadzu Corp
Industrial X-Ray Market
Global Industrial X-Ray Market is expected to reach USD 841.62 million by 2024 from USD 526.08 million in 2016, at a CAGR of 6.1% in the forecast period 2017 to 2024. The new market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Segmentation: Global Industrial X-Ray Market
Global Industrial X-ray Market By Product Type (Instruments {By Automation [Manual X-ray Devices, Fully Automated X-ray Devices], By Technology [Microfocus, Minifocus, Nanofocus]}, Consumables { X-ray Detectors, X-ray Tubes, Others]), By Industry (Automotive, Aerospace, Semiconductors, Electronics, Li-Battery, Academia and R&D, Others), By Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa)– Industry Trends and Forecast to 2024
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Drivers:
The major factors driving the growth of this market are rising growth of automobile and aviation industries, technological advancements in industrial x-ray products, growing consumer awareness regarding enhanced quality of products, rising government funding is boosting the growth of the global industrial X-ray market.
RISING GROWTH OF AUTOMOBILE AND AVIATION INDUSTRIES
The automobile industry is one of the major growing sectors in the emerging countries. With increasing demand of vehicles, the need of industrial X-ray machines is increasing in automobile sector for during manufacturing of vehicles to detect flaws and provide high-quality product to the consumer.
For instance, according to EV lobby group Society of Manufacturers of Electric Vehicles, a slow growth is witnessed in the sales of electric vehicle. The number of electric vehicles sold in 2016 was 22,000 units from 16,000 units in 2015. The government plans to increase the number of electric and hybrid vehicles to reach 6.0 million by 2020 under the National Electric Mobility Mission Plan (NEMMP) 2020 and Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME).
These automobile industries and aviation industries have increased the examination or inspection in these industries. The industrial X-ray (DR) and computed tomography (CT) inspection systems are used for the quality assurance and development processes in the automotive industry. The automotive parts are examined against structural requirements and safety regulations using X-ray for assurance. The accuracy and precision helps in detecting flaws in the product thus enhancing the quality of the final product delivered. The rising demand of inspection in the automobile industry such as the parts of the automotive are checked, they increase the demand of the industrial X-ray devices, which eventually increases the demand of industrial X-ray market.
TECHNOLOGICAL ADVANCEMENTSIN INDUSTRIAL X-RAY PRODUCTS
Advancements in inspection and measurement technologies are focused on helping mold makers produce the highest quality molds in the shortest time frames
In November 2017, YXLON International launched the X-ray inspection systems series Cheetah EVO and Cougar EVO. So YXLON has custom-built systems for SMT, semiconductor, and laboratory applications perfected for the specific challenges and needs of the respective sectors.
In March 2016. YXLON launched the latest and advanced WI26 G wheel inspection system with ADR and the YXLON Panel 460 detector. The design for the WI26 G has been geared for speed, inspection decision and minimum maintenance requirements.
In July 2013, Shimadzu Corporation launched inspeXio SMX-225CT FPD Microfocus X-Ray CT System, which is advanced and latest product added to the best-selling range of Industrial X-Ray CT Systems. The product offers sharp, high-contrast, three-dimensional observation of the internal structure of lithium-ion batteries, die-cast aluminium parts, electrical and electronic components.
With technological advancements, the demand of innovative products is boosting the industrial X-ray market.
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Major Players: Global Industrial X-Ray Market
Some of the major players operating in this market are:-
Comet Group,
General Electric,
Fujifilm Holdings Corporation,
Nikon Corporation,
Toshiba Corporation,
Shimadzu Corporation,
Varex Imaging Corporation Inc.,
Rigaku Corporation,
DÜRR NDT GMBH & CO. KG,
YXLON International,
Teledyne Technologies Incorporated,
Illinois Tool Works Inc. (North Star Imaging Inc.),
ZEISS International,
and DAGE among others.
General Electric:
Founded in 1892 and headquartered in Munich, Germany. GE healthcare provides transformational medical technologies and services. GE operates through seven business segments power, renewable energy, oil & gas, aviation, healthcare, transportation, and energy connections & lighting. The GE Company offers wide array of the non-destructive testing equipment through its inspection & non-destructive testing and aerospace non-destructive testing (NDT) and inspection solutions product categories.
GE has its presence across Europe, Asia-Pacific, Eastern Europe, Middle East and Africa, South America and, North America. Some of the subsidiaries include Dharmacon, Inc. (U.S.), GE Medical Systems Kretztechnik GMBH & CO OHG (Austria), Nihon Medi-Physics Co.,Ltd. (Japan), Serphy Dose SARL (France), Versa Med Medical Systems, LLC (U.S.), Amersham (UK), Biacore International AB (Sweden), API Health care (U.S.), GE Healthcare Funding Ireland (Ireland).
YXLON International:
Founded in 1895 and headquartered at Hamburg, Germany, YXLON International is engaged in the manufacturing of X-ray systems and computed tomography systems for inspections in various industries such as aerospace, automotive, electronics, science & research, foundries, CT metrology, and weld inspection.
YXLON International is a subsidiary of Comet group designs and manufactures radioscopic and CT inspection systems for wide range of industrial applications and fields.
The company offers its products in the Tokyo, Hudson (Ohio), San Jose (California), Beijing, Shanghai, Hattingen and Heilbronn, and in more than 50 countries.
Nikon Corporation:
Established in 1917 and headquartered in Tokyo, Japan. Nikon Corporation is engaged in manufacturing and marketing of optical instruments. It operates its business through imaging products, precision equipment, healthcare business and industrial metrology & others. Nikon Metrology NV, a subsidiary of Nikon Corporation offers wide range of non-destructive products for dimensional inspection, X-ray and CT inspection, shop floor inspection and electronics inspection.
Nikon Corporation has its presence in the regions Americas, Europe, Asia, Oceania, Middle East and Africa. the company operates through its subsidiaries namely, Optos plc, Nikon UK Limited, Tochigi Nikon Corporation, Nikon-Essilor, Nikon Tec, Nikon India Private Limited, Nikon Precision Inc., Nikon Metrology NV, Nikon Systems, Nikon Americas Inc. among others.
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