Press release
Industrial Computed Radiography Market Exclusive Report on the Latest Revenue and Future Scope
The global industrial computed radiography market is estimated to reach over USD 67.11 million by 2031, exhibiting a CAGR of 1.62% during the forecast period.
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The adoption of computed radiography (CR) technology is projected to rise significantly due to its numerous advantages over traditional film-based X-ray systems. Key benefits include the near-elimination of consumables, reduced image processing time, and a broader dynamic range that enhances the detection of fine details. Additionally, CR technology supports streamlined workflows, promotes safer working environments for operators, and eliminates the use of environmentally harmful chemicals, aligning with sustainable operational practices.
The industrial computed radiography systems market is anticipated to experience notable growth, driven by the increasing implementation of Industry 4.0 strategies and the rising demand for portable radiography solutions. A major factor contributing to market expansion is the growing demand from the commercial aviation sector, particularly due to the substantial order backlog for next-generation aircraft, which necessitates advanced inspection 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 growth of the computed radiography market is largely driven by continuous advancements in radiography equipment technology. Factors such as the increasing adoption of computed radiography systems, the introduction of innovative equipment by leading industry players, and the widespread use of CR technology in medical facilities are contributing to market expansion. Additionally, modernization efforts and technological innovation within the healthcare sector, coupled with rising demand in emerging economies, are anticipated to create promising growth opportunities in the near future.
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Challenges:
A significant constraint in the computed radiography market is the shortage of skilled professionals capable of effectively operating advanced CR systems. The technical complexity of these systems necessitates specialized training, which may hinder adoption across various industries.
Regional Trends:
North America is expected to hold a substantial share of the industrial computed radiography market, driven by the region's high adoption of advanced technologies across key sectors such as aerospace, defense, energy, and power. Major aerospace manufacturers, including Boeing Co. and Lockheed Martin Corporation, are expected to play a pivotal role in driving product demand. In addition, Europe is projected to maintain a considerable market presence. Market growth in Asia-Pacific-particularly in China, India, and Japan-is being accelerated by rapid industrialization and urbanization. Moreover, the increasing need for medical imaging services in developing regions is expected to further support global market expansion.
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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