Global Industrial Radiography Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028

Global Industrial Radiography Market: Overview

“The global Industrial Radiography Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”

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Industrial radiography is used in various industries for checking welds and metal parts in order to ensure the durability and safety of the product. It is a non-destructive testing method in which X-rays or gamma-rays are used.

Industrial radiography is used for the observation, evaluation, and analysis of test subjects via ionizing electromagnetic radiation. Industrial radiography commonly uses three main types of equipment namely processing equipment, gamma-ray or x-ray source, and a recording medium.

Global Industrial Radiography Market: Dynamics

Industrial radiography testing is able to inspect assembled components and inspect various types of material with different densities. It also detects subsurface and surface defects as well as provides records of the inspection. These are some of the major factors driving the growth of the global industrial radiography market.

The increasing adoption of radiography testing in the aviation and automotive sector is a key factor fueling the growth of the global market. Government safety regulations, coupled with the growing adoption of advanced technology among various industries are also factors propelling growth of the target market.

Furthermore, the growing industrial sector in developing countries is a factor expected to augment the growth of the global industrial radiography market in the near future.

However, the risk of radiation exposure, if the instrument is mishandled, is a factor that may hamper the growth of the global industrial radiography market. In addition, the high deployment cost of industrial radiotherapy systems is a factor that could affect the growth of the target market.

Nevertheless, increasing the use of automation technology for testing and inspection applications can create high revenue opportunities for players in the target market.

Global Industrial Radiography Market: Segment Analysis

Among the imaging technique segments, the digital radiography segment is expected to account for major share in terms of over the forecast period. Digital radiography has high sensitivity for radiographic application and provides accurate imaging with quality consistency. These are some of factors propelling growth of this segmentation the target market.

Global Industrial Radiography Market: Regional Analysis

Currently, market in North America accounts for significant share in terms of revenue and is expected to maintain its dominance in the near future, followed by Europe. Industrial radiography is widely used in well-established industries such as power generation, petrochemical and gas, manufacturing, aviation, etc. is a factor propelling growth of the industrial radiography market in North America.

Market in Asia Pacific is expected to register fastest growth in terms of revenue over the forecast period, followed by Middle East & Africa and Latin America. Increasing adoption of industrial radiography in growing electronics and semiconductor and automotive sector in countries in Asia Pacific is a key factor driving growth of the target market.

In addition, lack of skilled labor in developing countries is a challenging factor that could affect growth of the industrial radiography market in this region.

Global Industrial Radiography Market Segmentation:

Segmentation by Imaging Technique:

• Digital Radiography
• Film-Based Radiography

Segmentation by End-User Industry:

• Aerospace
• Power Generation
• Manufacturing
• Automotive and Transportation
• Petrochemical and Gas

Segmentation by Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa