Press release
Industrial Radiography Market Size & Share 2023-2030 Analysis by Key Players - Nikon Corporation, COMET Holding AG and Bosello High Technology SRL
Industrial Radiography Market Report Scope:The Industrial Radiography Market, valued at USD 623.87 million in 2022, is projected to achieve a remarkable market size of USD 1198 million by 2030. Anticipating an impressive compound annual growth rate of 8.5%, the market is poised for substantial expansion over the forecast period from 2023 to 2030, as highlighted in the latest SNS Insider report.
Industrial radiography is a pivotal technique employing short wavelength electromagnetic radiation to inspect materials, revealing internal flaws imperceptible to the naked eye. Its widespread application in manufacturing plants plays a crucial role in defect and surface contamination identification. In chemical plants, it becomes indispensable for inspecting oil and gas pipelines, along with pressure vessels. This technique stands as a stalwart guardian of structural integrity and safety, ensuring thorough assessments that contribute significantly to the reliability and resilience of industrial infrastructure.
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Key Players Covered in this market report are:
3DX-RAY Ltd.
Anritsu Corporation
PerkinElmer Inc.
Shimadzu Corporation
Nikon Corporation
COMET Holding AG
Bosello High Technology SRL
General Electric
FUJIFILM Holdings Corporation
Mettler-Toledo International Inc
Market Analysis:
The Industrial Radiography Market is on an upward trajectory driven by heightened demand for improved productivity from manufacturing units and increased adoption of testing technology by automotive and aerospace & defense manufacturing companies. Strict government safety regulations and high-precision inspection requirements further contribute to the market's growth. Opportunities abound in the industry with the automation of testing and inspection processes, industrialization in developing economies, and the provision of customized solutions.
Segment Analysis
In the realm of imaging techniques, digital radiography emerges as the dominant force, revolutionizing flaw detection with heightened efficiency and precision. Within the domain of radiation types, gamma rays take the forefront, showcasing unparalleled versatility and penetration capabilities essential for comprehensive inspections. When it comes to end-users, the power generation sector assumes precedence, leaning on industrial radiography for critical inspections that are integral to maintaining the robustness and safety of energy infrastructure. This strategic application underscores the pivotal role of industrial radiography in ensuring the reliability and longevity of power generation facilities.
Industrial Radiography Market Segmentation as Follows:
BY IMAGING TECHNIQUE:
Digital Radiography
Film-based Radiography
BY RADIATION TYPE:
Gamma Rays
X Rays
BY END USER:
Petrochemicals & Gas
Power Generation
Aerospace
Consumer Electronics
Manufacturing
Automotive & Transportation
Others
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Key Regional Development:
The APAC industrial radiography market is poised to witness the fastest CAGR during the forecast period. The region's stringent government safety regulations drive the demand for industrial radiography equipment, particularly in sectors like consumer electronics, where the global surge in demand necessitates rigorous inspection. Technological advancements, coupled with increased emphasis on R&D by manufacturers, create significant growth opportunities in the APAC market.
Key Takeaways:
- Industrial Radiography Market set to exceed USD 1198 million by 2030, driven by precision inspection and safety compliance.
- Digital radiography and gamma rays dominate segments, revolutionizing flaw detection and inspection capabilities.
- APAC emerges as the fastest-growing region, propelled by strict safety regulations and technological advancements.
Recent Developments:
- Mityo Europe and RX Solutions, a renowned French manufacturer of industrial x-ray CT scanning systems, have launched an innovative collaboration.
- IMechE Fife NDT announced a strategic partnership with Sonomatic Ltd, offering accredited Radiographic testing training and examinations for customers in the Scottish region.
Table of Content - Analysis of Key Points
1. Introduction
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession on Major Economies
5. Value Chain Analysis
6. Porter's 5 forces model
7. PEST Analysis
8. Industrial Radiography Market Segmentation, By Imaging Technique
9. Industrial Radiography Market Segmentation, By Radiation Type
10. Industrial Radiography Market Segmentation, By End-User
11. Regional Analysis
12. Company Profiles
13. Competitive Landscape
14. Conclusion
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Contact Us:
Akash Anand - Head of Business Development & Strategy
info@snsinsider.com
Phone: +1-415-230-0044 (US) | +91-7798602273 (IND)
About Us:
SNS Insider has been a leader in data and analytics globally with its authentic consumer and market insights. The trust of our clients and business partners has always been at the center of who we are as a company. We are a business that leads the industry in innovation, and to support the success of our clients, our highly skilled engineers, consultants, and data scientists have consistently pushed the limits of the industry with innovative methodology and measuring technologies.
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