X-Ray Detector for Non-Destructive Testing Market growing at a CAGR of 7.31% by 2022

According to a new report by Allied Market Research, titled, X-Ray Detector for Non-Destructive Testing Market by Type (CR System, Static Flat Panel Detector, Dynamic Flat Panel Detector, and Linear Sensor) and Application (Aerospace & Defense, Automotive, Construction, Electronics & Semiconductors, Energy & Power, Explosive Ordnance Disposal (EOD) & Improvised Explosive Device (IED), Heavy Industries, Manufacturing, Marine, Oil & Gas, Security, Transportation, Food Drugs & Drugs, and Others): Global Opportunities Analysis and Industry Forecast, 2014-2022, the X-ray for non-destructive testing market was valued at $ 129,939 thousand in 2014, and is projected to reach at $ 231,811 thousand by 2022, growing at a CAGR of 7.31% from 2014 to 2022.

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An X-ray detector is an electronic device that detects radiation of X-ray or gamma ray for imaging purposes. X-ray imaging is an important non-destructive testing (NDT) technique for products such as circuit boards, concrete parts, and metals. This technique is also useful to detect cracks and very fine manufacturing defects, thus maintaining quality, product reliability, and various other physical properties of the materials.

In 2014, CR system for non-destructive testing market segment dominated the market, in terms of revenue, as industries such as aerospace and automotive witness high adoption rates of X-ray detectors due to their ability to provide high image quality and accuracy.

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North America was the highest revenue contributor to the X-ray for non-destructive testing market in 2014, accounting for around 29.9% share, owing to increase in performance and efficiency of these detectors.

The report features a competitive scenario of the X-ray for non-destructive testing market and provides a comprehensive analysis of key growth strategies adopted by major players. The key players profiled in the study are Canon Inc., FONA Dental Systems Co. Ltd., FUJIFILM Holdings Corporation, Hamamatsu Photonics K.K., Konica Minolta Inc., Olympus Corporation, PerkinElmer Inc., Rayence Inc., Teledyne DALSA Inc., Toshiba Electron Tubes and Devices Co. Ltd., Trixell S.A.S., Detection Technology, Image Tech, MatriX Technologies GmbH, and X-Scan Imaging Corporation. These players have adopted competitive strategies such as innovation, new product development, and market expansion to boost the growth of the market.

KEY FINDINGS OF THE X-Ray Detector for Non-Destructive Testing Market:
The linear sensor X-ray for non-destructive testing market segment accounted for the highest share in 2014, growing at a CAGR of 8.87% from 2014 to 2022.
CR system segment generated the highest revenue, accounting for $55,052 thousand in 2014.
North America is expected to dominate the market, in terms of market share, during the forecast period.

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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