Industrial Radiography Equipment Market to Generate US$ 1,032.7 Million by 2027 | Growth & Key Business Strategies

According to a new market research report published by Transparency Market Research titled '𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝗶𝗮𝗹 𝗥𝗮𝗱𝗶𝗼𝗴𝗿𝗮𝗽𝗵𝘆 𝗘𝗾𝘂𝗶𝗽𝗺𝗲𝗻𝘁 Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019-2027,' the global industrial radiography equipment market was valued at US$ 574.8 Mn in 2018 and is expected to expand at a CAGR of 6.75% from 2019 to 2027, to reach value of US$ 1,032.7 Mn by the end of the forecast period.

𝗜𝗱𝗲𝗻𝘁𝗶𝗳𝘆 𝗸𝗲𝘆 𝘁𝗿𝗲𝗻𝗱𝘀, 𝗱𝗿𝗶𝘃𝗲𝗿𝘀, 𝗮𝗻𝗱 𝗰𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲𝘀 𝗶𝗻 𝘁𝗵𝗲 𝗺𝗮𝗿𝗸𝗲𝘁, 𝘄𝗵𝗶𝗰𝗵 𝘄𝗶𝗹𝗹 𝗵𝗲𝗹𝗽 𝘃𝗲𝗻𝗱𝗼𝗿𝘀 𝗶𝗺𝗽𝗿𝗼𝘃𝗲 𝘁𝗵𝗲𝗶𝗿 𝘀𝘁𝗿𝗮𝘁𝗲𝗴𝗶𝗲𝘀 𝘁𝗼 𝘀𝘁𝗮𝘆 𝗮𝗵𝗲𝗮𝗱 𝗼𝗳 𝘁𝗵𝗲𝗶𝗿 𝗰𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗼𝗿𝘀. 𝗩𝗶𝗲𝘄 𝗼𝘂𝗿 𝗣𝗗𝗙 𝗦𝗮𝗺𝗽𝗹𝗲 𝗥𝗲𝗽𝗼𝗿𝘁:- https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=64233

𝗚𝗿𝗼𝘄𝗶𝗻𝗴 𝗽𝗼𝗽𝘂𝗹𝗮𝗿𝗶𝘁𝘆 𝗼𝗳 𝗶𝗻𝗱𝘂𝘀𝘁𝗿𝗶𝗮𝗹 𝗿𝗮𝗱𝗶𝗼𝗴𝗿𝗮𝗽𝗵𝘆 𝗮𝗰𝗿𝗼𝘀𝘀 𝘁𝗵𝗲 𝗴𝗹𝗼𝗯𝗲 𝘁𝗼 𝗳𝘂𝗲𝗹 𝘁𝗵𝗲 𝗺𝗮𝗿𝗸𝗲𝘁

Industrial radiography is increasingly being used in various sectors, such as aerospace & defense, semiconductor, and oil & gas, in order to ensure the structural integrity of products and identify faults, if any, in the manufacturing of components. This is projected to augment the demand for industrial radiographs across the globe. This, in turn, is likely to fuel the industrial radiography equipment market during the forecast period.

𝗜𝗻𝗰𝗿𝗲𝗮𝘀𝗶𝗻𝗴 𝗺𝗶𝗻𝗶𝗮𝘁𝘂𝗿𝗶𝘇𝗮𝘁𝗶𝗼𝗻 𝗶𝗻 𝘁𝗵𝗲 𝘀𝗲𝗺𝗶𝗰𝗼𝗻𝗱𝘂𝗰𝘁𝗼𝗿 𝗶𝗻𝗱𝘂𝘀𝘁𝗿𝘆 𝘁𝗼 𝗳𝘂𝗲𝗹 𝘁𝗵𝗲 𝗴𝗹𝗼𝗯𝗮𝗹 𝗶𝗻𝗱𝘂𝘀𝘁𝗿𝗶𝗮𝗹 𝗿𝗮𝗱𝗶𝗼𝗴𝗿𝗮𝗽𝗵𝘆 𝗲𝗾𝘂𝗶𝗽𝗺𝗲𝗻𝘁 𝗺𝗮𝗿𝗸𝗲𝘁

Over the last few years, the semiconductor industry has been flourishing across the globe, especially in developing economies such as China and India. There have been several technological advancements in the field of semiconductors as the size of electronic components continues to shrink and the demand for high-performance products with increased efficiency in terms of power consumption is increasing. The shrinking size of components makes it difficult to conduct quality tests on components such as printed circuit boards (PCBs), wafers, plug contacts, and wiring. With the help of industrial radiography, it is possible to carry out nondestructive analysis of electronic components such as surface-mount devices (SMDs) and column grid arrays; to identify solder bumps in ICs; and to study the thickness of materials coated on PCBs. Industrial radiography is increasingly being used in the semiconductor sector by key players engaged in the manufacture of electronic components in order to ensure high quality and efficient performance.

𝗗𝗶𝗴𝗶𝘁𝗮𝗹 𝗿𝗮𝗱𝗶𝗼𝗴𝗿𝗮𝗽𝗵𝘆 𝘀𝗲𝗴𝗺𝗲𝗻𝘁 𝘁𝗼 𝗲𝘅𝗽𝗮𝗻𝗱 𝗮𝘁 𝗮 𝗿𝗮𝗽𝗶𝗱 𝗽𝗮𝗰𝗲 𝘁𝗵𝗿𝗼𝘂𝗴𝗵𝗼𝘂𝘁 𝘁𝗵𝗲 𝗳𝗼𝗿𝗲𝗰𝗮𝘀𝘁 𝗽𝗲𝗿𝗶𝗼𝗱

Based on imaging technique, the global industrial radiography equipment market has been divided into film-based radiography and digital radiography. Furthermore, the digital radiography segment has been sub-segmented into direct radiography, computed radiography, and computed tomography. Owing to high quality of images generated with the help of digital radiography, the digital radiography segment is expected to expand at a rapid pace during the forecast period. High quality of images makes it possible to better analyze the quality of components under consideration.

𝗔𝘀𝗶𝗮 𝗣𝗮𝗰𝗶𝗳𝗶𝗰 𝘁𝗼 𝗯𝗲 𝗿𝗮𝗽𝗶𝗱𝗹𝘆 𝗲𝘅𝗽𝗮𝗻𝗱𝗶𝗻𝗴 𝗺𝗮𝗿𝗸𝗲𝘁 𝗳𝗼𝗿 𝗶𝗻𝗱𝘂𝘀𝘁𝗿𝗶𝗮𝗹 𝗿𝗮𝗱𝗶𝗼𝗴𝗿𝗮𝗽𝗵𝘆 𝗲𝗾𝘂𝗶𝗽𝗺𝗲𝗻𝘁 𝗹𝗲𝗱 𝗯𝘆 𝗿𝗶𝘀𝗶𝗻𝗴 𝗽𝗼𝗽𝘂𝗹𝗮𝗿𝗶𝘁𝘆 𝗼𝗳 𝗹𝗮𝘂𝗻𝗱𝗿𝗼𝗺𝗮𝘁𝘀 𝗶𝗻 𝘁𝗵𝗲 𝗿𝗲𝗴𝗶𝗼𝗻

In terms of geography, the global industrial radiography equipment market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. In 2018, North America was the leading market, followed by Europe. The market in Asia Pacific is expected to expand at the maximum CAGR from 2019 to 2027, due to rising popularity and growing adoption of industrial radiographs across various sectors in the region.

𝗞𝗲𝘆 𝗽𝗹𝗮𝘆𝗲𝗿𝘀 𝗳𝗼𝗰𝘂𝘀𝗶𝗻𝗴 𝗼𝗻 𝗲𝘅𝗽𝗮𝗻𝗱𝗶𝗻𝗴 𝘁𝗵𝗲𝗶𝗿 𝗳𝗼𝗼𝘁𝗽𝗿𝗶𝗻𝘁 𝘄𝗼𝗿𝗹𝗱𝘄𝗶𝗱𝗲 𝗮𝗻𝗱 𝗴𝗮𝗶𝗻 𝗮 𝗰𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝘃𝗲 𝗲𝗱𝗴𝗲

Key players operating in the global industrial radiography equipment market are focusing on the development of new products and their introduction in the market to gain a competitive edge and improve their brand positioning in the market. For instance, in November 2018, Fujifilm Corporation announced that it would be adding two new digital radiography (DR) detectors i.e. the Calneo Dual (available only in Japan) and the FDR ES to its portfolio of digital radiography solutions. Furthermore, major players are engaged in forming strategic alliances with peers and less established players in order to gain market share. Key players operating in the global industrial radiography equipment market are Fujifilm Corporation, Comet Group, Shimadzu Corporation, Nikon Corporation, and North Star Imaging.

𝗕𝘂𝘆 𝘁𝗵𝗶𝘀 𝗣𝗿𝗲𝗺𝗶𝘂𝗺 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗥𝗲𝗽𝗼𝗿𝘁 | 𝗜𝗺𝗺𝗲𝗱𝗶𝗮𝘁𝗲 𝗗𝗲𝗹𝗶𝘃𝗲𝗿𝘆 𝗔𝘃𝗮𝗶𝗹𝗮𝗯𝗹𝗲 𝗮𝘁 - https://www.transparencymarketresearch.com/checkout.php?rep_id=64233<ype=S

𝗧𝗵𝗲 𝗴𝗹𝗼𝗯𝗮𝗹 𝗶𝗻𝗱𝘂𝘀𝘁𝗿𝗶𝗮𝗹 𝗿𝗮𝗱𝗶𝗼𝗴𝗿𝗮𝗽𝗵𝘆 𝗲𝗾𝘂𝗶𝗽𝗺𝗲𝗻𝘁 𝗺𝗮𝗿𝗸𝗲𝘁 𝗵𝗮𝘀 𝗯𝗲𝗲𝗻 𝘀𝗲𝗴𝗺𝗲𝗻𝘁𝗲𝗱 𝗮𝘀 𝗳𝗼𝗹𝗹𝗼𝘄𝘀:

𝗚𝗹𝗼𝗯𝗮𝗹 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝗶𝗮𝗹 𝗥𝗮𝗱𝗶𝗼𝗴𝗿𝗮𝗽𝗵𝘆 𝗘𝗾𝘂𝗶𝗽𝗺𝗲𝗻𝘁 𝗠𝗮𝗿𝗸𝗲𝘁, 𝗯𝘆 𝗜𝗺𝗮𝗴𝗶𝗻𝗴 𝗧𝗲𝗰𝗵𝗻𝗶𝗾𝘂𝗲

Film-based Radiography
Digital Radiography
Direct Radiography
Computed Radiography
Computed Tomography

𝗚𝗹𝗼𝗯𝗮𝗹 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝗶𝗮𝗹 𝗥𝗮𝗱𝗶𝗼𝗴𝗿𝗮𝗽𝗵𝘆 𝗘𝗾𝘂𝗶𝗽𝗺𝗲𝗻𝘁 𝗠𝗮𝗿𝗸𝗲𝘁, 𝗯𝘆 𝗔𝗽𝗽𝗹𝗶𝗰𝗮𝘁𝗶𝗼𝗻

Aerospace & Defense
Automotive & Transportation
Electronics
Manufacturing
Oil & Gas
Others

𝗚𝗹𝗼𝗯𝗮𝗹 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝗶𝗮𝗹 𝗥𝗮𝗱𝗶𝗼𝗴𝗿𝗮𝗽𝗵𝘆 𝗘𝗾𝘂𝗶𝗽𝗺𝗲𝗻𝘁 𝗠𝗮𝗿𝗸𝗲𝘁, 𝗯𝘆 𝗚𝗲𝗼𝗴𝗿𝗮𝗽𝗵𝘆

𝗡𝗼𝗿𝘁𝗵 𝗔𝗺𝗲𝗿𝗶𝗰𝗮
U.S.
Canada
Rest of North America
𝗘𝘂𝗿𝗼𝗽𝗲
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Germany
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𝗔𝘀𝗶𝗮 𝗣𝗮𝗰𝗶𝗳𝗶𝗰 (𝗔𝗣𝗔𝗖)
India
Japan
China
Rest of APAC
𝗠𝗶𝗱𝗱𝗹𝗲 𝗘𝗮𝘀𝘁 & 𝗔𝗳𝗿𝗶𝗰𝗮 (𝗠𝗘𝗔)
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𝗠𝗼𝗿𝗲 𝗧𝗿𝗲𝗻𝗱𝗶𝗻𝗴 𝗥𝗲𝗽𝗼𝗿𝘁𝘀 𝗯𝘆 𝗧𝗿𝗮𝗻𝘀𝗽𝗮𝗿𝗲𝗻𝗰𝘆 𝗠𝗮𝗿𝗸𝗲𝘁 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 -

𝗛𝗲𝗮𝗹𝘁𝗵𝗰𝗮𝗿𝗲 𝗖𝗼𝗻𝘁𝗿𝗮𝗰𝘁 𝗗𝗲𝘃𝗲𝗹𝗼𝗽𝗺𝗲𝗻𝘁 𝗮𝗻𝗱 𝗠𝗮𝗻𝘂𝗳𝗮𝗰𝘁𝘂𝗿𝗶𝗻𝗴 𝗢𝗿𝗴𝗮𝗻𝗶𝘇𝗮𝘁𝗶𝗼𝗻 𝗠𝗮𝗿𝗸𝗲𝘁- https://www.prnewswire.com/news-releases/healthcare-contract-development-and-manufacturing-organization-market-projected-to-reach-valuation-of-us-723-6-bn-by-2031--says-tmr-301707111.html

𝗠𝗲𝗱𝗶𝗰𝗮𝗹 𝗗𝗲𝘃𝗶𝗰𝗲 𝗖𝗼𝗮𝘁𝗶𝗻𝗴𝘀 𝗠𝗮𝗿𝗸𝗲𝘁- https://www.globenewswire.com/news-release/2022/12/07/2569562/0/en/Medical-Device-Coatings-Market-to-Exceed-US-81-8-Bn-by-2031-TMR-Study.html

𝗔𝗯𝗼𝘂𝘁 𝗨𝘀 𝗧𝗿𝗮𝗻𝘀𝗽𝗮𝗿𝗲𝗻𝗰𝘆 𝗠𝗮𝗿𝗸𝗲𝘁 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

𝗖𝗼𝗻𝘁𝗮𝗰𝘁 𝗨𝘀

Nikhil Sawlani
Transparency Market Research Inc.
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