Industrial Computed Radiography Market Top Companies Study - Carestream Health, DÜRR NDT GmbH & Co. KG, FUJIFILM Holdings America Corporation, L3Harris Technologies, Inc.

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 Component (Imaging Plates, Computed Radiography Reader (Digitizer) And Review Station With Acquisition Software) And Application (Aerospace And Defense, Automotive, Oil And Gas, Power And Energy, Security, Explosive Ordnance Disposal And An Improvised Explosive Device, Electronics And Semiconductors)- Market Outlook And Industry Analysis 2031"

The global industrial computed radiography market is estimated to reach over 67.11 million by the year 2031, exhibiting a CAGR of 1.62% during the forecast period.

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The adoption of computed radiography (CR) technology is anticipated to increase within the market, driven by its notable advantages, such as virtually eliminating the need for consumables, reducing image production time, and offering a higher dynamic range for analyzing fine details compared to traditional film-based X-ray systems. Additionally, CR provides a simplified workflow, enhanced safety conditions for operators, and an environmentally friendly, chemical-free process. The industrial computed radiography systems market is forecasted to grow, largely due to the integration of Industry 4.0 practices and the increasing demand for portable radiography solutions. A significant factor contributing to the demand for industrial computed radiography solutions is the rising needs of the commercial aviation industry, spurred by the backlog of orders for next-generation commercial aircraft.

Moreover, the global industrial computed radiography market is experiencing steady growth, which is expected to attract increased investments and partnerships in the development of computed radiography technologies. Additionally, the ongoing growth of digital radiography systems is driving the need for real-time image visualization and automated defect identification technologies.

List of Prominent Players in the Industrial Computed Radiography Market:
• Carestream Health
• DÜRR NDT GmbH & Co. KG
• FUJIFILM Holdings America Corporation
• L3Harris Technologies, Inc.
• MQS Technologies Pvt. Ltd.
• Rigaku Corporation
• Virtual Media Integration
• Way gate Technologies (Baker Hughes Company)"

Market Dynamics:
Drivers-
The expansion of the computed radiography market can be attributed to significant technological advancements in computed radiography equipment. Key drivers of market growth include the increased adoption of computed radiography systems, the introduction of new equipment by leading industry players, and the widespread utilization of CR equipment by medical facilities. Additionally, the ongoing modernization and technological progress within the healthcare sector, coupled with the rising demand for computed radiography solutions in emerging economies, are expected to create new opportunities for market growth.

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Challenges:
A significant challenge in the industrial computed radiography market is the shortage of skilled personnel capable of effectively operating this advanced technology. Due to the complexity of the systems, specialized training and experience are required, which may limit adoption in certain industries. Additionally, the high initial investment required for computed radiography systems may discourage small and medium-sized enterprises from embracing the technology. Another challenge arises from the growing preference for digital radiography systems, which offer advantages such as real-time image visualization and automatic defect detection, making them more attractive for specific industrial applications.

Regional Trends:
The North American industrial computed radiography market is anticipated to hold a significant market share, driven by the high adoption rates of new technologies across various sectors, including aerospace and defense, energy, and power. The presence of key industry players, such as major aircraft manufacturers like Boeing Co. and Lockheed Martin Corporation, is expected to further stimulate demand for computed radiography products. In Europe, the market is also poised for considerable growth, particularly as rapid urbanization and industrialization in countries like China, India, and Japan contribute to expanding demand. Additionally, the increasing need for medical services in emerging economies is expected to drive further market expansion in the region.

Recent Developments:
• In February 2022-The Canadian government announced a major investment in the country's semiconductor and photonics businesses.
• In March 2021, Intel announced its intention to build two more fabs in Arizona. The announcement comes amid concerns that the United States needs to catch up in producing semiconductors and a global chip scarcity impeding industries ranging from electronics to autos.

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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)
• Review Station with Acquisition Software
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
• Southeast Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa

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