Press release
X-ray Inspection Systems Market for Electronics & Semiconductor Set to Reach $772.8 Million by 2029
Published recently, the report forecasts a robust CAGR of 11.0% by value from 2022, propelling the X-ray Inspection Systems Market for Electronics & Semiconductor to a valuation of $772.8 Million by 2029. Key drivers include stringent government regulations for asset safety, rising consumer awareness regarding quality standards, and the significant digitalization, automation, and miniaturization of electronic devices.
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Market Dynamics
The market's growth is driven by factors such as increasing automation of digital X-ray inspection systems, miniaturization for enhanced mobility, and technological advancements in hardware, facilitating user-friendliness. Major trends supporting market growth include the application of AI in X-ray inspection systems and the growing adoption of CT inspection systems for production line applications. However, challenges such as availability of substitute technologies and high equipment & maintenance costs may hinder market growth
Segmentation Insights
The report provides a comprehensive segmentation based on component, imaging technique, dimension, application, and geography, offering detailed analyses and evaluations at both industry and country levels.
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Key Segments Overview
Component: Segments include hardware, software, services, and consumables, with hardware expected to dominate in 2022 due to technological advancements in radiation sources, tubes, and flat-panel detectors.
Imaging Technique: Segments encompass film-based imaging and digital imaging, with digital imaging, particularly direct radiography, computed tomography, and computed radiography, projected to lead in 2022 due to advantages such as lower radiation requirements and enhanced image quality.
Dimension: Segments include 2D and 3D X-ray systems, with 2D systems expected to dominate in 2022 due to minimized radiation emissions and lower operational costs.
Application: Segments range from PCB inspection to solar applications, with PCB inspection expected to hold the largest share in 2022, driven by the necessity to test for possible faults or errors in printed circuit boards to avoid malfunction.
Geography: The market is segmented into Asia-Pacific, Europe, North America, Latin America, and the Middle East & Africa, with Asia-Pacific projected to lead in 2022 due to increasing demand for remote visual inspection of assets in the electronics industry and stringent government safety regulations.
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Key Players
Prominent players in the X-ray Inspection Systems Market for Electronics & Semiconductor include North Star Imaging Inc., Nikon Metrology, Inc., Nordson Corporation, YXLON International GmbH, VJ Group, Inc., Mettler Toledo International Inc., Ametek, Inc., Viscom AG, ViTrox Corporation Berhad, Test Research, Inc., Baker Hughes Company, Saki Corporation, Shenzhen Unicomp Technology Co., Ltd., GÖPEL electronic GmbH, and Scienscope International.
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