Global Industrial Radiography Market, By Imaging Technique (Film-Based Radiography, Digital Radiography), Industry (Petrochemical and Gas, Power Generation, Manufacturing, Aerospace, Automotive and Transportation, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Global Industrial Radiography Market
The industrial radiography market is expected to witness market growth at a rate of 7.10% in the forecast period of 2021 to 2028, and will reach the value of USD 1,132.46 by 2028. Data Bridge Market Research report on industrial radiography market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in the use of product in various industrial applications is escalating the growth of industrial radiography market.
Industrial radiography refers to a non-destructive method of materials testing that plays a crucial role in the remarkable progress made in scientific technology and industry. Radiation penetration technique is considered one of the most deployed method for testing in various sectors as it provides ability, reliability and high versatility for offering permanent information record.
The continuous technological advancements across the globe acts as one of the major factors driving the growth of industrial radiography market. The increase in demand of industrial radiography in especially in aerospace and automotive industries, and surge in the need for accuracy of inspection with the integration of advanced software accelerate the market growth. The increase in the implementation of strict safety regulations by various governments, and extensive use for the examination of pipes and pressure vessels in chemical plants, aircraft and vehicles and gas and oil pipelines further influence the market. Additionally, rapid urbanization, expansion of aerospace and automotive industries, and surge in investments in the efficient technologies positively affect the industrial radiography market. Furthermore, advancements in software that are integrated into radiography systems extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
- On the other hand, high deployment costs of industrial radiography techniques expected to obstruct the market growth. Concerns regarding the high level of risk associated with exposure radiation are projected to challenge the industrial radiography market in the forecast period of 2021-2028.
This industrial radiography market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info industrial radiography market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Industrial Radiography Market Scope and Market Size
The industrial radiography market is segmented on the basis of imaging technique and industry. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of imaging technique, the industrial radiography market is segmented into film-based and digital radiography. Digital radiography is sub segmented into computed tomography, computed radiography and direct radiography.
- On the basis of industry, the industrial radiography market is segmented into petrochemical and gas, power generation, manufacturing, aerospace, automotive and transportation and others. Petrochemical and gas is further segmented into liquefaction of natural gas, refining, transmission pipeline, subsea pipeline and storage tanks. Power Generation is further segmented into nuclear power, wind power, solar power and fossil fuel. Manufacturing is further segmented into mining industry, metal industry, foundry, shipbuilding and pipe and tube manufacturing. Aerospace is further segmented into engine part production, composite airframe manufacturing, material and component analysis and maintenance. Automotive and transportation is further segmented into wheel and axle manufacturing, metal casting and critical components manufacturing.
Industrial Radiography Market Country Level Analysis
The industrial radiography market is analysed and market size, volume information is provided by country, type, polarization, diameter, frequency range and applications as referenced above.
The countries covered in the industrial radiography market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the industrial radiography market due to the demand for non-destructive testing equipment owing to aging infrastructure within the region. Asia-Pacific is expected to witness significant growth during the forecast period of 2021 to 2028 because of the expansion of consumer electronics sector in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Industrial Radiography Market Share Analysis
The industrial radiography market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to industrial radiography market.
The major players covered in the industrial radiography market report are IXAR, X-Ray Associates, LLC,Teledyne Technologies Company, Comet Holding AG, Anritsu Corporation, Mettler-Toledo International Inc., 3DX-Ray Ltd, Bosello High Technology S.R.L., General Electric, Fujifilm Holdings Corporation, Nikon Corporation, Shimadzu Corporation, Nordon Dage, VJ Technologies, Measurement Control, Smiths Group Plc., CEIA, North Star Imaging Inc., and PerkinElmer Inc., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.