INDUSTRIAL RADIOGRAPHY MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

The global industrial radiography market has been growing substantially over the past few years. Industrial radiography refers to the process of using penetrating radiation to detect variations in density and thickness of materials non-destructively. It allows inspecting the internal features of components without damaging them and is widely used for inspection in various industry verticals such as oil & gas, manufacturing, aerospace, automotive, power generation and others. Factors such as growing risks of corrosion and cracks in industrial equipment, stringent government regulations regarding safety and quality control across industries have been driving the demand for industrial radiography solutions globally. Additionally, technological advancements focused on development of compact and digital radiography systems suitable for field operations are expected to provide new growth opportunities for market players in the coming years.

Market Dynamics:

The global industrial radiography market growth is driven by factors such as increasing spending on maintenance and inspection of aging industrial assets, stringent quality control and safety regulations across industries. Growing risks of corrosion, cracks and defects in industrial machinery, equipment and components has been boosting the adoption of industrial radiography for periodic inspections. However, health hazards associated with radiation exposure and stringent regulations regarding the use of radioactive materials are some of the factors expected to restrain the market growth. Development of new digital radiography technologies integrating solutions like AI and IoT has opened new opportunities for market players. Compact and portable digital radiography systems enabling field operations are gaining popularity. Growing demand from end-use industries like oil & gas, power generation is further expected to drive the industrial radiography market during the forecast period.

Key features of the study:

- This report provides in-depth analysis of the global industrial radiography market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year

- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players

- It profiles key players in the global industrial radiography market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies

- Key companies covered as a part of this study include 3DX-Ray Ltd., Anritsu Corporation, Baker Hughes, Bosello High Technology S.r.L, Comet Group, Fujifilm Corporation, General Electric Company, Mettler-Toledo, Nikon Corporation, Olympus Corporation, PerkinElmer, Inc., Rigaku Corporation, Shimadzu Corporation, Toshiba Electron Tubes & Devices Co., Ltd., Yxlon International GmbH

- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

- The global industrial radiography market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global industrial radiography market.

Detailed Segmentation:

• By Imaging Technique
  • Digital Radiography
  • Film-Based Radiography
• By End-use Industry
  • Power Generation
  • Aerospace
  • Petrochemical and Gas
  • Manufacturing
  • Automotive & Transportation
  • Others
• By Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Key Players Insights
  • 3DX-Ray Ltd.
  • Anritsu Corporation
  • Baker Hughes
  • Bosello High Technology S.r.L
  • Comet Group
  • Fujifilm Corporation
  • General Electric Company
  • Mettler-Toledo
  • Nikon Corporation
  • Olympus Corporation
  • PerkinElmer, Inc.
  • Rigaku Corporation
  • Shimadzu Corporation
  • Toshiba Electron Tubes & Devices Co., Ltd.
  • Yxlon International GmbH