Industrial RT for Non-Destructive Testing Market Scope in 2020 and Beyond | Rapiscan Systems, DuRR NDT GmbH & Co. KG, Krystalvision Image Systems Pvt. Ltd, Saki Corp

According to a recent report published by Allied Market Research, titled, Global Industrial RT for Non-Destructive Testing Market by Component and Application: Opportunity Analysis and Industry Forecast, the Industrial RT for non-destructive testing market is projected to reach at $1,088 million by 2022, growing at a CAGR of 10.1% from 2016 to 2022.

The key players profiled in the report include Vitrox Corporation Berhad, Shimadzu corporation, Anritsu, Nagoya electric Works CO., LTD, Yxlon international, Smiths Detection, ADANI, Rapiscan Systems, DuRR NDT GmbH & Co. KG, Krystalvision Image Systems Pvt. Ltd, Saki Corporation, North Star Imaging, Inc., Computerised Information Technology Ltd., RayScan Technologies GmbH, VJ Group, Inc., Metrix NDT Ltd, Nikon Metrology, Omron, Teledyne ICM, Vidisco, Zetec, 3DX-RAY, COMET Group, and Olympus, among others.

These market players focus on the development of new technology, launch of novel products with innovative variations, and adoption of partnership and collaboration as key strategies in order to establish their position in the market.

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Key Benefits

o This study comprises analytical depiction of the Industrial RT for non-destructive testing with current trends and future estimations to depict the imminent investment pockets.

o The overall market potential is determined to understand the profitable trends to gain a stronger foothold.

o The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.

o The current market is quantitatively analyzed to highlight the financial competency of the market.

o Porters Five Forces analysis illustrates the potency of the buyers and suppliers in the industrial RT industry.

The aerospace & defense and oil & gas sectors constituted the largest market share, owing to the presence of large shale oil & gas reserves in countries such as the U.S., the UK, Germany, China, France, and Italy. Surge in operations in the aerospace & defense sector, particularly in the testing sector of the U.S. drives the RT system market, as NDT inspection plays a vital role in the functioning of aircrafts, satellites, and others. Presently, portable NDT segment holds the largest market share, as the adoption of computed tomography is expected to increase over the next five years due to enhanced accuracy and efficiency.

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CHAPTER 1 INTRODUCTION

1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY

1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

CHAPTER 2 EXECUTIVE SUMMARY

2.1. CXO PERSPECTIVE

CHAPTER 3 MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE
3.2. PORTER'S FIVE FORCES ANALYSIS

3.2.1. Bargaining power of buyers
3.2.2. Bargaining power of suppliers
3.2.3. Threat of substitutes
3.2.4. Threat of new entrants
3.2.5. Intensity of competitive rivalry

3.3. PESTLE ANALYSIS
3.4. MARKET DYNAMICS

3.4.1. Drivers

3.4.1.1. Increase in applications of NDT in oil & gas and nuclear power sectors
3.4.1.2. Stringent safety government regulations
3.4.1.3. Optimizing maintenance process in industries to ensure safety and improve efficiency of machines

3.4.2. Restraint

3.4.2.1. Lack of skilled and qualified professionals

3.4.3. Opportunity

3.4.3.1. Increase in demand for automated testing systems

Industrial RT for Non-Destructive Testing Market to Reach $1,088 Million, Globally: https://www.whatech.com/market-research/industrial/647855-growing-at-a-cagr-of-10-1-industrial-rt-for-non-destructive-testing-market-size-is-estimated-to-hit-1-088-million-by-2022

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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.

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