$784M Industrial Radiography Markets, 2025
DUBLIN, July 10, 2020 /PRNewswire/ -- The "Industrial Radiography Market by Imaging Technique (Film-based Radiography, Digital Radiography), End User (Petrochemicals & Gas, Power Generation, Manufacturing, Aerospace, and Automotive & Transportation), and Geography - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The global industrial radiography market is estimated to grow from USD 532 million in 2020 to USD 784 million by 2025; growing at a CAGR of 8.1%.
Major factors fueling the growth include increasing demand for NDT services in automotive and aerospace industries, advancements in software that are integrated into radiography systems, stringent regulations by various governments regarding industrial safety and product quality, and the preventive maintenance of industrial equipment.
The key players in the market include 3DX-Ray LTD (U.K.), Anritsu Corporation (Japan), Bosello HT (Italy), PerkinElmer, Inc. (U.S.), General Electric (U.S.), FujiFilm Holdings Corporation, and Others.
Market for digital radiography to grow at highest CAGR during forecast period
The market for the digital radiography technique is expected to grow at a higher CAGR during the forecast period. Digital radiography is the latest development in industrial X-ray imaging, requires less time and effort, and the output is highly reliable; therefore, it is in greater demand in almost all the industries. Digital radiography offers many benefits over film-based technology such as saving of time, greater dynamic range, wider exposure latitude, post-processing capabilities, and image manipulation.
Automotive & transportation end user to hold major share of industrial radiography market in 2025
The automotive & transportation end user is expected to hold the majority of market share in 2025. The automotive sector is developing rapidly and is focusing more on high-value proposition along with cost reductions. Industrial radiography tools have becme invaluable in these efforts as they provide manufacturers the ability to engineer products of higher quality with tighter tolerances, while also providing them a way to inspect the products during the production process. Further, the growing focus on automotive production and infrastructure development in an emerging region has boosted the growth of the industrial radiography market for the automotive and transportation end user.
North America to continue to be largest market for industrial radiography during forecast period
The adoption of industrial radiography equipment is high in North America due to well-developed manufacturing, mining, aerospace, and automotive & transportation industries in the region, which are the major application areas of industrial radiography. Similarly, the production of oil in this region has boosted the growth of the region's petroleum industry, which has applications for industrial radiography in its day-to-day operations.
Key Topics Covered
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 5.2.2 Restraints 5.2.3 Opportunities 5.2.4 Challenges 5.3 Value Chain Analysis
6 Basic Components of Industrial Radiography
7 Industrial Radiography Imaging Process
8 Industrial Radiography Market, By Imaging Technology 8.1 Introduction 8.2 Film-Based Radiography 8.3 Digital Radiography 8.3.1 Computed Tomography 8.3.2 Computed Radiography 8.3.3 Direct Radiography
9 Industrial Radiography Market, By Radiation Type 9.1 Introduction 9.2 X-Rays 9.3 Gamma Rays
10 Industrial Radiography Market, By Industry 10.1 Introduction 10.2 Automotive 10.3 Oil & Gas 10.4 Aerospace & Defense 10.5 Manufacturing 10.6 Power Generation 10.7 Others
11 Industrial Radiography Market, By Geography 11.1 Introduction 11.2 North America 11.2.1 US 11.2.2 Canada 11.2.3 Mexico 11.3 Europe 11.3.1 Germany 11.3.2 UK 11.3.3 France 11.3.4 Italy 11.3.5 Rest of Europe 11.4 APAC 11.4.1 China 11.4.2 Japan 11.4.3 India 11.4.4 Rest of APAC 11.5 RoW 11.5.1 South America 11.5.1.1 Brazil 11.5.2 Middle East 11.5.3 Africa
12 Competitive Landscape 12.1 Introduction 12.2 Industrial Radiography Market Rank Analysis 12.3 Competitive Leadership Mapping 12.3.1 Visionary Leaders 12.3.2 Dynamic Differentiators 12.3.3 Innovators 12.3.4 Emerging Companies 12.4 Competitive Situation & Trends
13 Company Profiles 13.1 Key Players 13.1.1 General Electric 13.1.2 Fujifilm 13.1.3 Nikon 13.1.4 Shimadzu 13.1.5 Comet Group 13.1.6 Anritsu 13.1.7 Mettler-Toledo 13.1.8 Perkinelmer 13.1.9 3DX-Ray 13.1.10 Bosello High Technology 13.2 Other Key Players 13.2.1 Mistras Group Inc. 13.2.2 American Testing Services 13.2.3 Ashtead Technology Ltd. 13.2.4 Applied Technical Services Inc. 13.2.5 Nordson Dage 13.2.6 TUV Rheinland AG 13.2.7 North Star Imaging 13.2.8 Thales Group 13.2.9 TWI 13.2.10 Teledyne DALSA
For more information about this report visit https://www.researchandmarkets.com/r/ubw8hp
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