Resources
About Us
Industrial X-Ray Inspection System Market by Component, Imaging Technique (Digital Imaging, Film-based Imaging), Dimension (2D X-Ray System, 3D X-Ray System, End-use Industry (Electronics & Semiconductors), and Geography - Global Forecast to 2031
Report ID: MRICT - 104452 Pages: 300 Apr-2024 Formats*: PDF Category: Information and Communications Technology Delivery: 24 to 48 Hours Download Free Sample ReportThe Industrial X-Ray Inspection System Market is projected to reach $1.33 billion by 2031, at a CAGR of 10.7% during 2024–2031. The growth of the global industrial X-ray inspection system market is driven by stringent government regulations regarding the safety of assets, increasing consumer awareness regarding quality standards, and rising security concerns in strategic infrastructure installations. However, high equipment and maintenance costs restrain the growth of this market.
Furthermore, increasing automation in digital X-ray inspection systems, miniaturization of X-ray inspection systems for higher mobility, and increasing user-friendly interfaces due to technological advancements are expected to offer growth opportunities for the stakeholders in this market. However, the lack of qualified personnel is a major challenge impacting the growth of the industrial X-ray inspection system market. Additionally, the rising application of AI in X-ray inspection systems and the increasing adoption of CT inspection for production line application are prominent trends in this market.
CT inspection has been adopted in several industries for the internal inspection of components. CT scanners offer accurate internal dimensions, no shaded zones, compatibility with all shapes and sizes, and extremely high-resolution imaging. It is used for flaw detection, failure analysis, metrology, assembly analysis, and reverse engineering applications in production processes. The growing demand from retailers for high-quality inspection tools and effective diagnosis increases the demand for CT scanners.
Technological advancements in CT inspection are major driving factors for the CT market. These advancements enable market players to develop technologically advanced products that enhance overall productivity. Additionally, the increasing adoption of 3D printing manufacturing processes across several industries is boosting the growth of the CT market.
Furthermore, prominent market players are continuously launching new products to expand their offerings. For example, in March 2021, Nikon Corporation (Japan) introduced its 225kV XT H 225 ST 2x microfocus X-ray CT (Computed Tomography) system. This system is designed to enhance inspection capabilities and increase productivity. It features full automation and enables seamless integration into production lines.
Click here to: Get a Free Sample Copy of this report
Based on component, the global industrial X-ray inspection system market is segmented into hardware, software, support services, and consumables. In 2024, the hardware segment is expected to account for the largest share of the global industrial X-ray inspection system market. The segment’s large market share is attributed to the rising adoption of X-ray inspection systems due to technological advancements in radiation sources, tubes, and flat-panel detectors, increasing R&D investments, and growing demand for CT inspection for production line applications.
Based on imaging technique, the global industrial X-ray inspection system market is segmented into digital imaging and film-based imaging. The digital imaging segment is projected to register the higher CAGR during the forecast period. The growth of this segment can be attributed to the advantages of digital imaging, such as the low radiation requirements for image production, enhanced image quality, rapid processing time, quick image sharing & easy storage, and low operation & maintenance costs.
Based on dimension, the global industrial X-ray inspection system market is segmented into 2D X-ray systems and 3D X-ray systems. The 3D X-ray systems segment is projected to register the highest CAGR during the forecast period. The rising demand for high-quality products, digitalization & miniaturization trends, increasing adoption of 3D X-ray systems across various end-use industries, and the integration of robotics into 3D X-ray inspection equipment are expected to drive the growth of this segment.
Based on end-use Industry, the global industrial X-ray inspection system market is segmented into electronics & semiconductors, aerospace, automotive, public infrastructure, power generation, oil & gas, food & beverages, manufacturing, and other end-use industries. The electronics & semiconductors segment is projected to register the highest CAGR during the forecast period. The increasing consumer awareness regarding quality standards, the increasing automation of digital X-ray inspection systems, and the large-scale digitalization, automation, and miniaturization of electronic devices are expected to support the growth of this segment.
Based on geography, the global industrial X-ray inspection system market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. In 2024, North America is expected to account for the largest share of the global industrial X-ray inspection system market. However, the market in Europe is projected to register the highest CAGR during the forecast period. The growth of this regional market can be attributed to the rising demand for remote visual inspection in the aerospace sector, stringent safety guidelines and protocols implemented by the European Union, and increasing usage of automated Non-Destructive Testing (NDT) devices in the power industry due to growing investments in nuclear plants.
The key players operating in the global industrial X-ray inspection system market are North Star Imaging, Inc. (U.S.) (A part of Illinois Tool Works Inc.), Nikon Metrology, Inc. (U.S.) (A part of Nikon Corporation), Nordson Corporation (U.S.), YXLON International GmbH (Germany) (A part of Comet Group), VJ Group, Inc. (U.S.), 3DX-RAY Ltd (U.K.) (A part of Image Scan Holdings plc), VisiConsult X-ray Systems & Solutions GmbH (Germany), METTLER TOLEDO. (U.S.), Maha X-ray Equipment Private Limited (India), Baker Hughes Company (U.S.), Ishida Co., Ltd. (Japan), Carl Zeiss AG (Germany), Thermo Fisher Scientific Inc. (U.S.), Hamamatsu Photonics K.K. (Japan), and Matsusada Precision Inc. (U.S.).
Particulars |
Details |
Number of Pages |
300 |
Format |
|
Forecast Period |
2024-2031 |
Base Year |
2023 |
CAGR |
10.7% |
Estimated Market Size (Value) |
$1.33 billion by 2031 |
Segments Covered |
By Component
By Imaging Technique
By Dimension
By End-use Industry
|
Countries/Region Covered |
Asia-Pacific (China, Japan, India, Singapore, South Korea, Australia & New Zealand, and Rest of Asia-Pacific), North America (U.S. and Canada), Europe (U.K., Germany, France, Spain, Italy, Netherlands, Switzerland, and Rast of Europe), Middle East & Africa (Saudi Arabia, UAE, Rest of the Middle East & Africa), and Latin America (Brazil, Mexico, Rest of Latin America) |
Key Companies |
North Star Imaging, Inc. (U.S.) (A part of Illinois Tool Works Inc.), Nikon Metrology, Inc. (U.S.) (A part of Nikon Corporation), Nordson Corporation (U.S.), YXLON International GmbH (Germany) (A part of Comet Group), VJ Group, Inc. (U.S.), 3DX-RAY Ltd (U.K.) (A part of Image Scan Holdings plc), VisiConsult X-ray Systems & Solutions GmbH (Germany), METTLER TOLEDO. (U.S.), Maha X-ray Equipment Private Limited (India), Baker Hughes Company (U.S.), Ishida Co., Ltd. (Japan), Carl Zeiss AG (Germany), Thermo Fisher Scientific Inc. (U.S.), Hamamatsu Photonics K.K. (Japan), and Matsusada Precision Inc. (U.S.). |
The global industrial X-ray inspection system market is projected to reach $1.33 billion by 2031, at a CAGR of 10.7% during the forecast period.
In 2024, the 2D X-ray system segment is expected to account for the largest share of the global industrial X-ray inspection system market. This segment’s large market share is attributed to the increasing demand for 2D X-ray systems in the electronics & semiconductors sector, technological advancements, rapid industrialization in emerging economies, and the growing need to minimize radiation emissions and reduce operational costs.
The growth of the global industrial X-ray inspection system market is driven by stringent government regulations regarding the safety of assets, increasing consumer awareness regarding quality standards, and rising security concerns in strategic infrastructure installations.
Furthermore, increasing automation in digital X-ray inspection systems, miniaturization of X-ray inspection systems for higher mobility, and increasing user-friendly interfaces due to technological advancements are expected to offer growth opportunities for the stakeholders in this market.
The key players operating in the global industrial X-ray inspection system market are North Star Imaging, Inc. (U.S.) (A part of Illinois Tool Works Inc.), Nikon Metrology, Inc. (U.S.) (A part of Nikon Corporation), Nordson Corporation (U.S.), YXLON International GmbH (Germany) (A part of Comet Group), VJ Group, Inc. (U.S.), 3DX-RAY Ltd (U.K.) (A part of Image Scan Holdings plc), VisiConsult X-ray Systems & Solutions GmbH (Germany), METTLER TOLEDO. (U.S.), Maha X-ray Equipment Private Limited (India), Baker Hughes Company (U.S.), Ishida Co., Ltd. (Japan), Carl Zeiss AG (Germany), Thermo Fisher Scientific Inc. (U.S.), Hamamatsu Photonics K.K. (Japan), and Matsusada Precision Inc. (U.S.).
Published Date: Aug-2024
Published Date: Dec-2022
Please enter your corporate email id here to view sample report.
Subscribe to get the latest industry updates