Press release
Industrial Radiography Market is estimated to reach USD 1092 million in 2029, increasing at 8.0% CAGR during 2022-2029 | Size, Share, Report & Forecast
Industrial Radiography Market
For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/industrial-radiography-market/
The factors driving the growth of Industrial Radiography Market includes Government regulations regarding product quality, increasing application of radiography across end-use industries such as petrochemical and gas, manufacturing and automotive and improvements in the living standards. Industrial radiography utilizes ionizing radiation to identify deviation in the component and materials X-rays and gamma-rays, allows manufacturers to conduct quality checks of materials and components, requires minimal surface preparation and helps in detecting surface and subsurface defects, are some of the features pushing the market growth. Moreover, technological integration of advanced software in radiography systems, rise in the launch of innovative products, automation in inspection and testing process and rapid urbanization, are some of the additional factors supplementing the Industrial Radiography Market size. In addition, the increasing investments by major players on research and development, rising disposable incomes and growing population growth rates, are further contributing towards the market growth.
However, growth of the Industrial Radiography Market is hindered due to high deployment cost of radiography systems.
The leading players operating in the market are American Testing Services Ltd, Ashtead Technology Ltd, Applied Technical Services, Inc, General Electric Company, FUJIFILM Holdings Corporation, Comet Group, Nordson Corporation, TUV Rheinland Group, Mistras Group, Inc., and North Star Imaging Inc., among others.
Based on Imaging Technique, the Digital Radiography segment is predicted to grow at a robust CAGR during the forecast period
Digital radiography enhances the processing time, improves the image quality, and requires less resources, are some of the features propelling growth of the segment.
Based on End-Use, the Aerospace & Defense segment is projected to expand at a significant CAGR over the forecast period
Computed radiography minimizes chemical waste, provides real-time images, and allows effective inspection of aerospace components, are some of the factors pushing growth of the segment.
Based on Region, the North American region is anticipated to capture the largest market share during the forecast period
Presence of the leading payers such as American Testing Services, North Star Imaging Inc. and Mistras Group, Inc., rising application of radiography across industry verticals, growing population growth rates and high per capita income, are some of the important factors augmenting the market growth in North American region.
Market Segmentation
Segmentation by Imaging Technique
Film-based Radiography
Digital Radiography
Computed Tomography
Computed Radiography
Direct Radiography
Segmentation by Radiation
X-Rays
Gamma Rays
Segmentation by End-Use
Petrochemicals & Gas
Manufacturing
Aerospace & Defence
Automotive & Transportation
Power Generation
Others
Segmentation by Region
Asia Pacific
China
Japan
India
Rest of APAC
North America
United States of America
Canada
Europe
United Kingdom
Germany
France
Spain
Rest of Europe
RoW
Brazil
South Africa
Saudi Arabia
UAE
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
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