Industrial Computed Radiography Market Exclusive Trends Analysis with Forecast to 2031

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Industrial Computed Radiography Market Size, Share & Trends Analysis Report By Application (Aerospace And Defense, Automotive, Oil And Gas, Power And Energy, Security, Explosive Ordnance Disposal And An Improvised Explosive Device, Electronics And Semiconductors, Food And Drugs) And Component (Imaging Plates, Computed Radiography Reader (Digitizer).)- Market Outlook And Industry Analysis 2031"

The Industrial Computed Radiography Market is estimated to reach over USD 66.86 million by 2031, exhibiting a CAGR of 1.66% during the forecast period.

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The market for Industrial computed radiography is very fragmented. The development of Industry 4.0 practices and a rise in demand for portable radiography systems are predicted to be the two key factors driving the market growth for industrial computed radiography systems. Lockdowns and border closures due to the COVID-19 outbreak's fast border-to-border spread. Due to changes in passenger behavior and global economic recessions, the COVID-19 pandemic significantly influenced the demand for air travel globally and negatively affected the aircraft industry. As a result of travel restrictions, the sector experienced decreased productivity, supply chain interruptions, manpower limits, and inventory bottlenecks. However, airports and commercial areas are projected to want more miniaturized X-ray systems to promote operational efficiency after COVID-19. The restart of the electronics and semiconductor industries is also anticipated to aid in the market's revival.

List of Prominent Players in the Industrial Computed Radiography Market:
• Carestream Health
• DURR NDT GmbH & Co. KG
• FUJIFILM Holdings America Corporation
• L3Harris Technologies, Inc.
• MQS Technologies Pvt. Ltd.
• Rigaku Corporation
• Virtual Media Integration
• Waygate Technologies

Market Dynamics:
Drivers-
The crucial factor accelerating market growth is the rise in technological advancements in computed radiography equipment. Additionally, the increase in the adoption of computed radiography equipment in tandem with technological advances, the rise in the use of CR equipment by healthcare facilities, and the development in the release of new equipment by different essential players are the other major factors propelling the computed radiography market. Furthermore, in the anticipated period, increased technological breakthroughs, modernization of the healthcare industry, and increased demand from emerging nations will all foster new prospects for the computed radiography market.

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Challenges:
The primary factor impeding market expansion is high equipment costs, which will also provide additional difficulties for the growth of the computed radiography market over the forecast period.

Regional Trends:
During the projected period, there will be intense competition in the market. Vendors and end users are anticipated to switch to the new technology due to the technical advancements in the radiography market. Also, the established players reinvent their products to keep their market share. The price of digital X-ray equipment and technological advancements are the main factors influencing market competition. To solidify their position in the international market, the leading players have also taken part in a number of strategic alliances, including mergers and acquisitions, collaborations, and the introduction of advanced products.

Recent Developments:
• In March 2021, Intel announced its intention to build two more fabs in Arizona. The announcement comes amid concerns that the US is lagging in the production of semiconductors and a global chip scarcity that is impeding industries ranging from electronics to autos. The foundry, which has always competed with Intel's preferred x86 technology, is prepared to produce a variety of chips that utilize ARM technology that is utilized in mobile devices.

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Segmentation of Industrial Computed Radiography Market-
By Application-
• Aerospace and Defense
o Casting Manufacturing
o Assembly
o Maintenance, Repair, and Overhaul (MRO)
o Weld Inspection
o Foreign Object Detection (FOD)
• Automotive
o Automatic - Inline Integrated Solution (Robotics/Automatic)
o Manual
• Oil and Gas
o Weld Inspection
o Corrosion (Integrity)
o Others (Valve Checks, Parts, and Flanges)
• Power and Energy
o Weld Inspection
o Corrosion (Integrity)
o Others (Valve Checks, Parts, and Flanges)
• Security
o Border Patrol
o Travel (Airport or Government Buildings)
• Explosive Ordnance Disposal and Improvised Explosive Device
o Explosive Ordnance Disposal (EOD)/Weapons of Mass Destruction (WMD)
• Electronics and Semiconductors
o Automatic - Inline Integrated Solution (Robotics/Automatic)
o Manual
• Food and Drugs
o Automatic - Inline Integrated Solution (Robotics/Automatic)
• Transportation Infrastructure
o Structural Integrity (Bridges)
• Construction
o Concrete
• Marine
o Casting Manufacturing
o Assembly
o Maintenance, Repair, and Overhaul (MRO)
o Weld Inspection
• Manufacturing
o Automatic - Inline Integrated Solution (Robotics/Automatic)
o Assembly
• Heavy Industries
o Automatic - Inline Integrated Solution (Robotics/Automatic)
• Others
o Railways
o Pulp and Paper
o Academic Research and Development
o Mining
o Archeological Investigations
By Component-
• Imaging Plates
• Computed Radiography Reader (Digitizer)
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa

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