Industrial Radiography Market to Witness Massive Growth During the Forecast Period of 2021-2028

According to the new research report published by The Insight Partners, titled "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.

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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. 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.

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.

Growing Importance of Quality Control Drives Market Growth

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.

Industrial Radiography Technique-Based Market Insights

Based on technique, the industrial radiography market is segmented into film-based radiography, and digital radiography. The digital radiography is the modern form of non-destructive testing inspection method, which generates digital radiographic images on the computer instantly. The digital radiography eliminates the need of the use of an intermediate cassette for transferring the examination over the system. Owing to the digital radiography benefits such as shorter exposure time, real-time applications, analysis and defect recognition tools, improved detail detectability, enhanced SNR and linearity, portability, and immediate feedback the adoption of digital radiography is increasing. Moreover, reduction in price of digital radiography is among another factor which is bolstering the adoption of digital radiography.

Industrial Radiography Market: Competitive Landscape and Key Developments

3DX-RAY, Anritsu, Comet Group, Fujifilm Corporation, GENERAL ELECTRIC, METTLER TOLEDO, Nikon Corporation, NOVO DR LTD, SHIMADZU CORPORATION, and ZEISS International are among the key players in the global High-Speed Camera market. The leading companies focus on the expansion and diversification of their market presence, and acquisition of new customer base, thereby tapping prevailing business opportunities.

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This release was published on openPR.