Industrial Radiography Market worth US$ 993.45 million by 2028- Exclusive Research by The Insight Partners

According to our new research study on "Industrial Radiography Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Type, Material, Military Standard, Application, and Geography," the market is projected to reach US$ 993.45 million by 2028 from US$ 565.31 million in 2021; it is estimated to grow at a CAGR of 8.4% from 2021 to 2028.

Innovative active interrogation approaches to identify threats to national security are required to protect a country's airports, borders, and ports. All detection approaches need a source of high-energy particles for inducing specific reactions that serve as major signatures in detecting fissile materials or conventional explosives. The most instant perceived threats and their essential materials comprise conventional explosives, special nuclear materials, mass destruction weapons, chemical agents, and contraband. The radiography technology can be utilized to scan cargo to guarantee that nothing is being smuggled into the country. The use of industrial radiography technology enables users to distinguish between different materials. Also, governments are investing significant amounts in border security by deploying the latest technologies at borders. For instance, the Chinese government plans to construct additional 215 airports by 2035. Also, the Indian government plans to build 100 new airports across the country by 2024. Growth in the construction and expansion of airports is anticipated to boost the demand for industrial radiography.

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Unique physical properties of the X-rays and γ-rays allow them to penetrate various materials, such as carbon and steel, followed by exiting the same after traveling through. This property is used to inspect the defects in the metals and welding parts of the machines, thus ensuring the durability and safety of products. Further, radiography provides a non-destructive means of testing in industrial facilities. Radiography equipment is always sealed with the shield to protect users from radiations. Industrial radiography is performed with ionizing electromagnetic radiations for observation, evaluation, and analysis of subjects being tested.

The rising applications of industrial radiography in the aerospace and automotive industries are driving the growth of the market growth. However, the higher costs of this equipment and concerns related to its harmful effects due to radiation exposures hinder the adoptions of these devices. Rapid industrialization, coupled with increasing automation applications for testing machines in the industries, would provide lucrative opportunities for the players operating in the industrial radiography market during the forecast period.

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Impact of COVID-19 Pandemic on Industrial Radiography Market

Irrespective of the surge in number of COVID-19 cases and discontinuation of business operations for several months, manufacturers from several industries had to continue the production of essential products, or some had to resume it earlier than other businesses. This severely impacted the number of businesses associated or involved in manufacturing operations, including x-ray machines manufacturers. Further, since manufacturing facilities were completely shut down or operating with limited capacities, manufacturers of industrial radiography products faced several challenges in terms of procuring raw material and keeping up with the overall stock, among others. However, with the ease in containment restriction in late 2020 and reopening of economies, the industrial radiography market players experienced positive growth from Q1 of 2021.

Manufacturers are highly investing in quality control operations and equipment owing to the increasing competition across industrial sectors. Industrial radiography, which is a non-destructive testing method, is one of the major technologies that manufacturers are adopting significantly. Industrial radiography is a technique that uses ionizing radiation for identifying deviation in the component and materials X-rays and gamma-rays in this method. A few examples of defects are cracks, cavities, gaps, delamination, pores, shrinkage holes, slag inclusions, and looseness.

The industrial radiography technique can be performed on types of materials with various densities. Also, the technique requires minimal surface preparation and can be performed on the surface and subsurface of objects to identity defects. Thus, it allows manufacturers to conduct quality checks of materials and components with the need to completely dissemble them and save a significant amount of time and human effort. Moreover, the industrial radiography system is adopted by end users to perform periodic quality check of machinery and equipment. Thus, owing to these factors, the industrial radiography market is experiencing growth.

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The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Healthcare, Manufacturing and Construction, Media and Technology, Chemicals, and Materials.

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