Press release
X-ray Inspection Systems Market For Electronics & Semiconductor Worth $772.8 Million
Meticulous Research®- a leading global market research company, published a research report titled "X-ray Inspection Systems Market For Electronics & Semiconductor by Component (Hardware, Software, Services, Consumables), Imaging Technique (Film-based Imaging, Digital Imaging), Dimension (2D X-ray, 3D X-ray), Application, and Geography-Forecasts to 2029."The X-ray inspection systems market for electronics & semiconductors is expected to grow at a CAGR of 11% by value from 2022 to reach $772.8 Million by 2029. Factors such as stringent government regulations for asset safety, increasing consumer awareness regarding quality standards, and the large-scale digitalization, automation, and miniaturization of electronic devices are driving the growth of the X-ray inspection systems market for electronics & semiconductors.
Furthermore, the increasing automation of digital X-ray inspection systems, miniaturization of X-ray inspection systems for higher mobility, and increasing user-friendliness due to technological advancements in hardware are expected to offer lucrative growth opportunities for the growth of this market.
Some of the major trends that may support the growth of this market are the increasing application of AI in X-ray inspection systems and the growing adoption of CT inspection systems for production line applications. However, the availability of substitute technologies and high equipment & maintenance costs are expected to restrain the market's growth. In addition, the lack of qualified personnel is expected to remain a major challenge for the growth of this market.
The market is segmented based on component, imaging technique, dimension, application, and geography. The study also evaluates industry competitors and analyzes the market at the country level.
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Based on component, the global X-ray inspection systems market for electronics & semiconductors is segmented into hardware, software, services, and consumables. The hardware segment is expected to account for the largest share of the X-ray inspection systems market for electronics & semiconductors in 2022. The large market share of this segment is attributed to the high adoption of X-ray inspection systems hardware due to technological advancements in radiation sources, tubes, and flat-panel detectors.
Based on imaging technique, the X-ray inspection systems market for electronics & semiconductors is segmented into film-based imaging and digital imaging. The digital imaging segment is further segmented into direct radiography, computed tomography, and computed radiography. The digital imaging segment is expected to account for the larger share of the X-ray inspection systems market for electronics & semiconductors in 2022. The large market share of this segment is attributed to the advantages of digital imaging, such as the mitigation of chemical hazards associated with X-ray processes, lower radiation requirements for image production, enhanced image quality, faster processing time, quick image sharing & easy storage, and lower operation & maintenance costs.
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Based on dimension, the X-ray inspection systems market for electronics & semiconductors is segmented into 2D and 3D X-ray systems. The 2D X-ray systems segment is expected to account for the larger share of the X-ray inspection systems market for electronics & semiconductors in 2022. 2D X-ray systems help minimize radiation emissions and incur lower operational costs, resulting in the high adoption of these systems in electronics & semiconductor inspection processes.
Based on application, the global X-ray inspection systems market for electronics & semiconductors is segmented into PCB inspection, automated optical inspection, wafer inspection & packaging, solder joint inspection, advanced logic & memory, advanced power (GAN & SIC), displays & touch panels, electronic components inspection, RF & OPTO led devices, solar, and others application. The PCB inspection segment is expected to account for the largest share of the X-ray inspection systems market for electronics & semiconductors in 2022. Since printed circuit boards are made of various complex electrical parts, testing PCB for possible faults or errors becomes necessary to avoid malfunction, driving the use of X-ray inspection systems in PCB inspection.
Based on geography, the market is segmented into five major regions: Asia-Pacific, Europe, North America, Latin America, and the Middle East & Africa. Asia-Pacific is expected to account for the largest share of the X-ray inspection systems market for electronics & semiconductors in 2022. The increasing demand for remote visual inspection of assets in the electronics industry and stringent government safety rules are the major factors driving the growth of this market in Asia-Pacific.
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Key Players
The key players operating in the X-ray inspection systems market for electronics & semiconductors are North Star Imaging Inc. (U.S.), Nikon Metrology, Inc. (U.S.), Nordson Corporation (U.S.), YXLON International GmbH (Germany), VJ Group, Inc. (U.S.), Mettler Toledo International Inc. (U.S.), Ametek, Inc. (U.S.), Viscom AG (Germany), ViTrox Corporation Berhad (Malaysia), Test Research, Inc. (Taiwan), Baker Hughes Company (U.S.), Saki Corporation (Japan), Shenzhen Unicomp Technology Co., Ltd. (China), GÖPEL electronic GmbH (Germany), and Scienscope International (U.S.).
Key Questions Answered in the Report-
Which are the high growth market segments in terms of component, imaging technique, dimension, application, and geography?
What is the historical market size for X-ray inspection systems for electronics & semiconductors across the globe?
What are the market forecasts and estimates for the period 2022-2029?
What are the major drivers, restraints, opportunities, and challenges in the X-ray inspection systems market for electronics & semiconductors?
Who are the major players in the market, and what are their market shares?
How is the competitive landscape for the X-ray inspection systems market for electronics & semiconductors?
What are the recent developments in the X-ray inspection systems market for electronics & semiconductors?
What are the different strategies adopted by the major players in the market?
What are the key geographic trends, and which are the high-growth countries?
Who are the local emerging players in the X-ray inspection systems market for electronics & semiconductors, and how do they compete with other players?
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We are the trusted research partners for leading businesses around the world, providing market intelligence focused towards building revenue transformation strategies. Our research is used by Fortune 500 organizations to attain success by scouting next generation revenue opportunities well ahead of their competition. Through our mixed bag of research offerings - syndicated research, custom research, and analyst engagement - we enable smart decision making to enhance business performance for global organizations. Our focus is also on finding answers to the challenging questions that global business leaders face on a daily basis. Each year, we deliver more than 300 syndicate studies and 60+ consulting projects across eight industry verticals in 20+ geographic markets.
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