Press release
Industrial Radiography Market Statistics, Facts and Figures, Growth Overview, Size, SWOT Analysis and Forecast to 2028
The Industrial Radiography Market is expected to reach US$ 993.45 million by 2028 from US$ 532.31 million in 2021; it is estimated to grow at a CAGR of 8.4% from 2021 to 2028.The overall market has been segmented into four major regions-North America, Europe, Asia Pacific (APAC), Middle East and Africa, and South and Central America. In 2020, North America held the largest share of the market. North America has the world's largest aerospace sector due to the presence of different military and commercial aircraft manufacturers as well as maintenance, repair, and overhaul (MRO) service providers. The sector in North America has thrived due to a positive outlook toward the adoption of new technologies, presence of a competent workforce, existence of favorable economic policies, and high GDP per capita.
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Analysis of the Top Market Players:
1. 3DX-RAY
2. Anritsu
3. Comet Group
4. Fujifilm Corporation
5. GENERAL ELECTRIC
6. METTLER TOLEDO
7. Nikon Corporation
8. NOVO DR LTD
9. SHIMADZU CORPORATION
10. ZEISS International
In this report, the market has been segmented on the basis of:
Technique
• Film-based Radiography
• Digital Radiography
This is driving the growth of the industrial radiography market in this region. A few of the world's largest aircraft manufacturers, including Airbus, Dassault Aviation, Leonardo, and Thales Group, have manufacturing sites in Europe. The presence of such major players has paved the way for the development of military and civilian planes and helicopters. One of the primary forces driving the industrial radiography market growth in Europe is the presence of several aircraft and helicopter manufacturers in the region.
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Innovative active interrogation approaches to identify threats to national security are required to protect a country's airports, borders, and ports. All detection approaches need a source of high-energy particles for inducing specific reactions that serve as major signatures in detecting fissile materials or conventional explosives. The most instant perceived threats and their essential materials comprise conventional explosives, special nuclear materials, mass destruction weapons, chemical agents, and contraband. The radiography technology can be utilized to scan cargo to guarantee that nothing is being smuggled into the country. The use of industrial radiography technology enables users to distinguish between different materials. Also, governments are investing significant amounts in border security by deploying the latest technologies at borders. For instance, the Chinese government plans to construct additional 215 airports by 2035. Also, the Indian government plans to build 100 new airports across the country by 2024. Growth in the construction and expansion of airports is anticipated to boost the demand for industrial radiography.
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