Global X-ray inspection system Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
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Global X-ray Inspection System Market: Overview
"The global x-ray inspection system 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."
The x-ray inspection system is used to inspect various types of objects that are hidden from the view. It is a sophisticated system that uses X radiations to determine objects within items. The x-ray inspection system is used for various applications such as security checks in government infrastructure, baggage scanning on airports, and railway stations, scanning for contaminants in the food industry, and many more.
X-ray inspection system provides a clear image, auxiliary detection function, and automatic detection for explosives. It also has low leakage of radiation that helps to maintain healthy living standards while using X-rays. X-ray machines are also used for weight verification, mass measurement, count components, etc.
Global X-ray Inspection System Market: Dynamics
The major factor driving the growth of the global x-ray inspection system market is the increasing adoption of x-ray inspection systems in the food industry, owing to government regulations regarding the safety of food products. In addition, growing awareness among consumers regarding food safety and security standards is another factor supporting the growth of the global market.
Furthermore, the availability of technologically advanced x-ray inspection systems in 2D and 3D format as well as increasing demand for baggage inspection are factors expected to boost the growth of the global x-ray inspection system market in the near future.
However, the risk of radiation exposure is a factor that may hamper the growth of the global x-ray inspection system market. In addition, the availability of other substitute inspection systems is a challenging factor that could affect the growth of the target market. Nevertheless, increasing usage of automated x-ray inspection systems can create high revenue opportunities for players in the global market.
Global X-ray Inspection System Market: Segment Analysis
Among the vertical segments, the manufacturing segment is expected to register high growth in terms of revenue in the near future. The use of x-ray inspection systems in manufacturing various equipment in the consumer electronics sector for inspection and monitoring devices and receiving clearance according to regulatory standards set up by government institutions are factors supporting the growth of this segment in the global market.
Global X-ray Inspection System Market: Regional Analysis
The market in North America is expected to account for a significant share in terms of revenue over the forecast period. The presence of prominent players, coupled with the availability of well-developed infrastructure are factors fueling the growth of the target market in this region. In addition, the increasing adoption of highly efficient inspection systems among end-user industries is another factor driving the growth of the X-ray inspection system market in North America.
The market in the Asia Pacific is anticipated to register high growth in terms of revenue in the near future. The growing industrial sector, coupled with the increasing adoption of X-ray inspection systems in oil and gas as well as the power generation sector, owing to its affordable cost are factors supporting the growth of the target market in countries in this region.
Global X-ray Inspection System Market Segmentation:
Segmentation by Technique:
- Digital Imaging
- Computed Radiography
- Direct Radiography
- Computed Tomography
- Film–Based Imaging
Segmentation by Dimension:
Segmentation by Vertical:
- Power Generation
- Food and Pharmaceuticals
- Government Infrastructure
- Oil and Gas
- Others (Marine, Research and Development, etc.)
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Nikon Metrology NV
- North Star Imaging, Inc.
- YXLON International GmbH
- Nordson DAGE
- VJ Group Inc.
- VisiConsult X-ray Systems & Solutions GmbH
- 3DX-Ray Ltd.
- Mettler-Toledo International Inc.
- Smiths Detection Inc.
- General Electric Company
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