Industrial Radiography Market worth US$ 993.45 Million by 2028 - Exclusive Report 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.

The industrial radiography market is segmented on the bases of technique, end-user industry, and geography. Based on technique, the market is bifurcated into digital radiography and film-based radiography. By end-user industry, the market is segmented into petrochemical and gas, power generation, manufacturing, aerospace, and automotive & transportation.

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The report on the Industrial Radiography market includes information on the strategic collaborations. The study also mentions the key players across the Industrial Radiography market. Here are some prominent participants involved in the Industrial Radiography Market - Major Players: 3DX-RAY, Anritsu, Comet Group, Fujifilm Corporation, GENERAL ELECTRIC, METTLER TOLEDO, Nikon Corporation, NOVO DR LTD, SHIMADZU CORPORATION, and ZEISS International are among the major companies operating in the industrial radiography market.

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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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.

The report profiles the key players in the industry, along with a detailed analysis of their individual positions against the global landscape. The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Industrial Radiography market. The researcher provides an extensive analysis of the Industrial Radiography market size, share, trends, overall earnings, gross revenue, and profit margin to accurately draw a forecast and provide expert insights to investors to keep them updated with the trends in the market.

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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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