Press release
X-Ray Inspection Systems Market is expected to reach USD 1001.5 million by 2030
X-Ray Inspection Systems Market - DataM Intelligence
Global X-Ray Inspection Systems Market reached USD 765.3 million in 2022 and is expected to reach USD 1001.5 million by 2030, growing with a CAGR of 6.7% during the forecast period 2023-2030.
The escalating number of semiconductor fabrication factories is set to amplify the demand for X-ray inspection equipment.
In the projected period spanning 2023 to 2030, substantial growth is anticipated in the Asia-Pacific region, with expectations of it constituting approximately one-fourth of the global X-ray inspection systems market. This expansion is attributed to ongoing advancements in technology, heightened product development activities, increased funding, and governmental initiatives, particularly in emerging economies such as India and China. An illustrative example is the Indian government's release of X-Ray Setu in June 2021-a free Artificial Intelligence (AI)-based platform designed to aid clinicians in the early treatment of COVID. These factors collectively contribute to the anticipated expansion of the X-ray inspection systems market.
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Market Dynamics
The Rising Significance in the Food and Beverage Sector
The escalating acceptance and demand for X-ray inspection systems within the food production industry are poised to play a pivotal role in the global market's expansion. Specifically designed for the Food & Beverage sector, these X-ray Inspection Systems aim to enhance safety, ensuring brand and product protection in the food industry, thereby preserving quality and safeguarding customer well-being.
These systems offer an optimal combination of reliability and contaminant detection, capable of identifying materials such as stone, metal, high-density polymers, and glass, all while maintaining a low total cost of ownership for food manufacturers. Moreover, X-ray inspection systems employ advanced technologies that assist users in screening for contaminants not only in packaging but also in the production of agricultural hybrids. This includes the examination of roots, seed structures, and other critical factors. The increasing applications of X-ray inspection systems in the food and beverage industry are anticipated to be a driving force behind market growth throughout the forecast period.
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Market Segmentation
By Modality
Radiography
Fluoroscopy
Mammography
By Product
Packaged Products
Non-packaged Products
Pumped
Others
By Scanning Technology
HD
Ultra-HD
Others
By Imaging Technology
Digital
Film-based
By End-User
Food & Beverage
Semiconductor
Oil & Gas
Aerospace
Automotive
Pharmaceuticals
Market Key Players
Major players are North Star Imaging Inc., Nikon Metrology NV, Nordson DAGE, YXLON International GmbH, VJ Group Inc., 3DX-RAY Ltd., VisiConsult X-ray Systems And Solutions GmbH, Smiths Detection Inc., Mettler-Toledo International Inc. and General Electric Co.
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