Bharat Book Bureau Provides the Trending Market Research Report on “Industrial X-ray Inspection System Market by Component (Hardware, Software), Imaging Technique (Digital, Film-Based), Dimension (2D X-ray Systems, 3D X-ray), Vertical (Electronics & Semiconductors, Oil & Gas), and Geography - Global Forecast to 2028”under Consumer Goods Market Research Report Category. The report offers a collection of superior Market research, Market analysis, competitive intelligence and Market reports.
Industrial X-ray Inspection Systems Market by Component (Hardware, Software), Imaging Technique (Digital, Film-Based), Dimension (2D X-ray Systems, 3D X-ray), Vertical (Electronics & Semiconductors, Oil & Gas), and Geography — Global Forecasts to 2028
The research report titled “Industrial X-ray Inspection Systems Market by Component (Hardware, Software), Imaging Technique (Digital, Film-Based), Dimension (2D X-ray Systems, 3D X-ray), Vertical (Electronics & Semiconductors, Oil & Gas), and Geography — Global Forecasts to 2028”, provides an in-depth analysis of the industrial X-ray inspection systems market across five major geographies and emphasizes on the current market trends, market sizes, market shares, recent developments, and forecasts till 2028.
The Industrial X-ray Inspection System Market is expected to reach a value of $1.03 billion by 2028, at a CAGR of 10.3% during the forecast period 2021–2028.
The growth of this market is attributed to the stringent government regulations regarding the safety of assets, increasing consumer awareness regarding quality standards, and rising security concerns in strategic infrastructure installations.
The study offers a comprehensive analysis of the industrial X-ray inspection systems market based on component (hardware, software, support services, consumables), imaging technique (digital imaging, film-based imaging), dimension (2D X-ray systems, 3D X-ray systems), vertical (electronics & semiconductors, aerospace, automotive, public infrastructure, power generation, oil & gas, food & beverage, manufacturing, other verticals), and geography. The study also evaluates industry competitors and analyzes the market at the country level.
Based on component, the industrial X-ray inspection systems market is segmented into hardware, software, support services, and consumables. The hardware segment is expected to account for the largest share of the industrial X-ray inspection systems market in 2021. The large market share of this segment is attributed to the increasing demand for high-quality X-ray detection solutions and technological advancements.
Based on imaging technique, the industrial X-ray inspection systems market is segmented into digital imaging and film-based imaging. The digital imaging segment is expected to account for the largest share of the industrial X-ray inspection systems market in 2021. The large market share of this segment is attributed to factors such as digitalization, rising industrial automation, and rising quality and safety standards. Additionally, this segment is expected to register the highest CAGR throughout the forecast period.
Based on type, the digital imaging market is segmented into direct radiography, computed radiography, and computed tomography. The direct radiography segment is expected to account for the largest market share in 2021. Effective dynamic range, high contrast detectability, accurate image capture, less radiation exposure, high flexibility, and lower operational costs are the factors attributed to the large market share of this segment. These features contribute to the adoption of direct radiography in various industries.
Based on dimensions, the industrial X-ray inspection systems market is segmented into 2D X-ray systems and 3D X-ray systems. The 2D X-ray system is expected to account for the largest market share in 2021. The large market share of this segment is attributed to its use in various automotive, aerospace, defense, and manufacturing industries to detect defects or faults in the final products. The increasing adoption of 2D X-ray systems across these industries drives the growth of this segment.
Based on the vertical, the industrial X-ray inspection systems market is segmented into electronics and semiconductors, aerospace, automotive, public infrastructure, power generation, oil & gas, food & beverages, manufacturing, and other verticals. Among these verticals, the electronics and semiconductors segment is expected to account for the largest market share in 2021. The large market share of this segment is attributed to the rising usage of X-ray inspection systems for 3D packaging in electronics and the integration of X-ray inspection in non-destructive testing of components, PCB assemblies, and solder joints. Additionally, this segment is slated to register the highest CAGR during the forecast period.
Based on geography, this market is segmented into five major regions: North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America is estimated to account for the largest share of the industrial X-ray inspection systems market in 2021. The large market share of this region is attributed to the rising demand for industrial X-ray systems in the oil & gas industry.
North America is followed by Asia-Pacific and Europe in terms of revenue share. Asia-Pacific is expected to register the highest CAGR during the forecast period.
The COVID-19 pandemic had a massive negative impact on the industrial X-ray inspection systems market in North America. Major oil & gas companies in the region decreased their investments in inspection-related activities due to low production and depressed oil prices.
The key players operating in the industrial X-ray inspection systems market are North Star Imaging Inc. (U.S.), Nikon Metrology, Inc. (U.S.), Nordson Corporation (U.S.), YXLON International GmbH (Germany), VJ Group, Inc. (U.S.), 3DX-RAY Ltd (U.K.), Visiconsult GmbH (Germany), Smiths Detection Group Ltd. (U.K.), Mettler Toledo International Inc. (U.S.), Maha X-ray Equipment Private Limited (India), Baker Hughes Company (U.S.), Ishida Co., Ltd. (Japan), Carl Zeiss AG (Germany), Ametek, Inc. (U.S.), and Thermo Fisher Scientific Inc. (U.S.).
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