Report Scope & Overview:
Industrial Radiography Market Size was valued at USD 623.87 million in 2022 and is expected to reach USD 1198 million by 2030, and grow at a CAGR of 8.5% over the forecast period 2023-2030.
Industrial radiography is a technique that uses short wavelength electromagnetic radiation to inspect materials for internal flaws. Industrial radiography is used to detect defects that are not visible to the naked eye. It is used in manufacturing plants to detect flaws, cracks, and surface contamination of products. In chemical plants, industrial radiography is used to inspect oil and gas pipelines as well as pressure vessels.
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MARKET DYNAMICS:
KEY DRIVERS:
Increased demand for improved and efficient productivity from manufacturing units, as well as increased adoption of testing technology by automotive and aerospace & defence manufacturing companies to correct defects and flaws
Strict government safety regulations and high-precision inspection by various manufacturers
RESTRAINTS:
Exposure to radiation and high implementation costs.
OPPORTUNITIES:
Opportunities in the industry are created by the automation of testing and inspection processes, industrialization in developing economies, and the provision of customized solutions.
CHALLENGES:
This will be covered under the final version of the report.
IMPACT OF COVID-19:
The COVD-19 epidemic has had an impact on the industry's supply chain, but it has also increased the demand for radiography and testing in the healthcare sector. The COVID-19 pandemic had a significant impact on trade and business. Manufacturers are reworking their product offerings and producing new items in order to recover from the current situation. The duration of the pandemic's propagation is still an important consideration when analyzing the pandemic's total impact. However, the global Industrial Radiography Market is expected to level off after 2021. The Industrial Radiography Market Size is one of the fastest-growing industries. However, the global Industrial Radiography Market Share is expected to level off after 2021. Because the outbreak had little impact on the sector, it had no effect on the global market during the Industrial Radiography Market Forecast.
Based on end-user, the industrial radiography market is segmented into Petrochemicals & Gas, Power Generation, Aerospace, Consumer Electronics, Manufacturing, Automotive & Transportation, and Others. During the forecast period, the market for petrochemicals and gas end users is expected to grow at the fastest rate. In this end user, industrial radiography testing includes monitoring pipelines, storage tanks, and refining equipment to measure internal corrosions without externally damaging the material. The deep-sea oil and gas industry relies heavily on industrial radiography. Oil leaks or spills can occur over time in this industry if refinery infrastructure is not carefully monitored, resulting in extremely high cleanup costs.
Based on imaging techniques, the industrial radiography market is segmented into Digital Radiography and Film-based Radiography. Based on radiation type, the industrial radiography market is segmented into Gamma Rays and X Rays.
MARKET SEGMENTATION:
BY IMAGING TECHNIQUE
Digital Radiography
Film-based Radiography
BY RADIATION TYPE
Gamma Rays
X Rays
BY END USER
Petrochemicals & Gas
Power Generation
Aerospace
Consumer Electronics
Manufacturing
Automotive & Transportation
Others
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REGIONAL ANALYSIS:
During the forecast period, the APAC industrial radiography market is expected to grow at the fastest CAGR. Strict government safety regulations have resulted in a high demand for industrial radiography equipment in this region. Furthermore, the consumer electronics sector is rapidly expanding as a result of the global increase in demand for various consumer electronic devices, which is leading to an increase in the adoption of radiography equipment to reduce failures and maintenance costs. Furthermore, rapid technological advancements and a greater emphasis on R&D by manufacturers are expected to create a significant opportunity for the growth of the industrial radiography market.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
COMPETITIVE LANDSCAPE:
The key players in the industrial radiography market are 3DX-RAY Ltd., Anritsu Corporation, PerkinElmer Inc., Shimadzu Corporation, Nikon Corporation, COMET Holding AG, Bosello High Technology SRL, General Electric, FUJIFILM Holdings Corporation, Mettler-Toledo International Inc & Other Players
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 623.87 million |
| Market Size by 2030 | US$ 1198 million |
| CAGR | CAGR of 8.5% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Imaging Technique (Digital Radiography, Film-Based Radiography) • By Radiation Type (Gamma Rays, X Rays) • By End-User (Petrochemicals & Gas, Power Generation, Aerospace, Consumer Electronics, Manufacturing, Automotive & Transportation, Others) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | 3DX-RAY Ltd., Anritsu Corporation, PerkinElmer Inc., Shimadzu Corporation, Nikon Corporation, COMET Holding AG, Bosello High Technology SRL, General Electric, FUJIFILM Holdings Corporation, and Mettler-Toledo International Inc. |
| Key Drivers | • Strict government safety regulations and high-precision inspection by various manufacturers |
| RESTRAINTS | • Exposure to radiation and high implementation costs. |
The market value is expected to reach USD 1198 million by 2030.
The market has been segmented with respect to imaging technique, radiation type and end-user.
APAC region is expected to dominate the Industrial Radiography Market.
Yes, and they are Raw material vendors, Distributors/traders/wholesalers/suppliers, Regulatory authorities, including government agencies and NGO, Commercial research & development (R&D) institutions, Importers and exporters, Government organizations, research organizations, and consulting firms, Trade/Industrial associations, End-use industries.
Manufacturers, Consultants, Association, Research Institutes, private and university libraries, suppliers, and distributors of the product.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Industrial Radiography Market Segmentation, by imaging technique
8.1Introduction
8.2 Digital Radiography
8.3 Film-based Radiography
9. Industrial Radiography Market Segmentation, by radiation type
9.1 Introduction
9.2 9.2 Gamma Rays
9.3 X Rays
10. Industrial Radiography Market Segmentation, by end user
10.1 Introduction
10.2 Petrochemicals & Gas
10.3 Power Generation
10.4 Aerospace
10.5 Consumer Electronics
10.6 Manufacturing
10.7 Automotive & Transportation
10.8 Others
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 USA
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 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12.Company Profiles
12.1 FUJIFILM Holdings Corporation
12.1.1 Financial
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 3DX-RAY Ltd.
12.3 Anritsu Corporation
12.4 PerkinElmer Inc.
12.5 Shimadzu Corporation
12.6 Nikon Corporation
12.7 COMET Holding AG
12.8 Bosello High Technology SRL
12.9 General Electric
12.10 Mettler-Toledo International Inc.
13.Competitive Landscape
13.1 Competitive Benchmark
13.2 Market Share analysis
13.3 Recent Developments
14.Conclusion
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