Global Industrial Radiography Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Industrial Radiography Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global industrial radiography market report has been segmented on the basis of imaging technique, end user industry, and region.
Global Industrial Radiography Market: Overview
Industrial radiography is used in various industries for checking in welds and metal parts in order to ensure durability and safety of the product. It is non-destructive testing method in which X-rays or gamma-rays are used. Industrial radiography is used for observation, evaluation, and analyzation of test subjects via ionizing electromagnetic radiation. Industrial radiography commonly uses three main equipments namely processing equipment, gamma-ray or x-ray source, and 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 growth of the global industrial radiography market. Increasing adoption of radiography testing in aviation and automotive sector is a key factor fueling growth of the global market. Government safety regulations, coupled with growing adoption of advanced technology among various industries are also factors propeling growth of the target market. Furthermore, growing industrial sector in developing countries is a factor expected to augment growth of the global industrial radiography market in the near future.
However, risk of radiation exposure if instrument is mishandled is a factor that may hamper growth of the global industrial radiography market. In addition, high deployment cost of industrial radiotherapy system is a factor that could affect growth of the target market. Nevertheless, increasing 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 consistence. 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:
- Power Generation
- Automotive and Transportation
- Petrochemical and Gas
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2017 Estimated Year 2018 Forecast Period 2018–2028 Revenue in US$
- General Electric Company
- FUJIFILM Holdings Corporation
- Nikon Corporation
- Shimadzu Corporation
- Comet Group
- Anritsu Corporation
- Mettler-Toledo International Inc.
- PerkinElmer, Inc.
- 3DX-Ray Ltd.
- Bosello High Technology srl
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