Industrial Radiography Market – Global Industry Analysis and Forecast (2023-2029)

Global Industrial Radiography Market is expected to reach US$ 1020.82 Bn. by 2029 at a CAGR of 8.19 % during the forecast period.

The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.To know about the Research Methodology:-Request Free Sample Report
Industrial Radiography Market Dynamics:
The important growth drivers of global market are increasing integration with the advanced software which in turn of increases its inspection quality along with the popularity, strict regulations made by different regional government and, rising demand of industrial radiography in aerospace& automotive industry are also supporting the growth of global market. However higher deployment cost of this technology along with high risk of radiation exposure are becoming the key restraints, limiting the growth of global market.

The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.

The digital radiography segment is expected to expand at a rapid pace throughout the forecast period, because of high accuracy and better image quality of components under consideration offered by this method.
Regional Analysis:
With a highly developed industrial sector across the region, North America has observed substantial growth in industrial radiography market on the back of rising industrial radiography usage in food and beverage industries. Asia Pacific is predicted to follow North America in terms of usage on account of increasing industrialization with growing industrial radiography application. On the back of multiplying industrial radiography uses in growing end-use industries for instance, automotive, petrochemical and gas, manufacturing and others, Asia Pacific is budding as a regional industrial radiography using market. Europe is expected to drive demand and positively impact industrial radiography market growth over the forecast period because of increasing industrial radiography application for non-destructive examination of components for various manufacturing processes.

Many multi-national companies are concentrating towards new product advances in industrial radiography. Moreover, the many advantageous properties of industrial radiography are exploited in the field of automotive and aerospace inspection now and then. New uses for industrial radiography in petrochemical and gas industry are expected to drive the industrial radiography market rapidly.

The report covers well-established players operating in the global industrial radiography equipment market including Fujifilm Corporation, Comet Group, Shimadzu Corporation, Nikon Corporation, and North Star Imaging. These established players are engaged in the development of innovative industrial radiography equipment and their introduction in the market.

Secondary research sources that are typically referred to contain, but are not limited to: company websites, reports, financial reports, market reports, news articles, press releases, webcasts specific to companies operating in the market, national government documents, statistical databases, and Factiva.

The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. Report also helps in understanding dynamics, structure by analyzing the market segments by type, application, and region and, project the global market size. The report also provides a clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the market.

The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders in arranging the efforts and investment in the near future to a particular market segment.
Industrial Radiography Market Key Highlights:
Global market analysis and forecast, in terms of value.

Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Industrial Radiography Market

Global market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.

The Global market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.

Global market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.

Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.

Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Industrial Radiography Market are also profiled.

The report has considered the base year of 2022 and past four years trend. 2022 figures are at actuals, however due to different dynamics of year 2022, market forecast is not only dependent upon 2022, but on the basis of 2018-2022.
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Global Industrial Radiography Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 588.35 Bn.


Forecast Period 2023 to 2029 CAGR:
8.19%
Market Size in 2029:
US $ 1020.82 Bn.


 Segments Covered:
by Technique
Film-Based
Digital


by Radiation
X-Rays
Gamma Rays


by Industry
Petrochemical & Gas
Power Generation
Manufacturing
Aerospace
Automotive & Transportation



Industrial Radiography Market, by Region
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
North America (United States, Canada and Mexico)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Key Players are:
1. Comet Holding AG
2. Fujifilm Holdings Corporation
3. 3DX-Ray Ltd.
4. Mettler-Toledo International Inc.
5. Bosello High Technology SRL
6. Shimadzu Corporation
7. General Electric
8. Nikon Corporation
9. Anritsu Corporation
10. PerkinElmer Inc.
11. Emerson
12. Honetwell
13. Rockwell
14. Yokagawa
15. Siemens
16. YXLON International
17. Hitachi Ltd.
18. Olympus Corporation
19. Mettler-Toledo International Inc.
20. Shimadzu Corporation
Inc.
• Shimadzu Corporation

Frequently Asked Questions:

1. Which region has the largest share in Global Industrial Radiography Market?
Ans: North America region held the highest share in 2022.

2. What is the growth rate of Global Industrial Radiography Market?
Ans: The Global Industrial Radiography Market is growing at a CAGR of 8.19% during forecasting period 2023-2029.

3. What is scope of the Global Industrial Radiography market report?
Ans: Global Industrial Radiography Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Industrial Radiography market?
Ans: The important key players in the Global Industrial Radiography Market are – Comet Holding AG, Fujifilm Holdings Corporation, 3DX-Ray Ltd., Mettler-Toledo International Inc., Bosello High Technology SRL, Shimadzu Corporation, General Electric, Nikon Corporation, Anritsu Corporation, PerkinElmer Inc., Emerson, Honetwell, Rockwell, Yokagawa, Siemens, YXLON International, Hitachi Ltd., Olympus Corporation, Mettler-Toledo International Inc., and Shimadzu Corporation

5. What is the study period of this market?
Ans: The Global Industrial Radiography Market is studied from 2022 to 2029.