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Industrial Radiography Market

Industrial Radiography Market Size, Share & Segment 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), By Regions, And Global Forecast 2022-2028

Report Id: SNS/SEMI/2477 | July 2022 | Region: Global | 134 Pages

Report Scope & Overview:

Industrial Radiography Market Size was valued at USD 575 million in 2021 and is expected to reach USD 1017 million by 2028, and grow at a CAGR of 8.5% over the forecast period 2022-2028.

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 gas and oil pipelines as well as pressure vessels.

Industrial Radiography Market Revenue Graph

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 inspection and testing 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.

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, and Mettler-Toledo International Inc.

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

Industrial Radiography Market Segment Pie Chart

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

 

Industrial Radiography Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 575 Million
Market Size by 2028 US$ 1017 Million
CAGR CAGR of 8.5% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
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.


Frequently Asked Questions (FAQ) :

The market value is expected to reach USD 107 million by 2028.

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 the Ukraine-Russia War

 

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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The 5 steps process:

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Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

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