Industrial Radiography Market

Industrial Radiography - Global Market Outlook (2019-2027)

4.6 (36 reviews)
Published: June 2020 ID: SMRC19406
4.6 (36 reviews)
Published: June 2020 ID: SMRC19406

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Industrial Radiography Market is accounted for $483.20 million in 2019 and is expected to reach $1043.33 million by 2027 growing at a CAGR of 10.1% during the forecast period. Strict safety regulations by governments and high demand by the automotive & aerospace industry are the major factors driving the market growth. However, higher deployment cost of this technology is restraining the market growth.

Industrial radiography is a technique utilized for inspection of materials for internal flaws utilizing short wavelength electromagnetic radiation. The defects which are not visible to naked eye are detected using industrial radiography. It is utilized in flaw detection, crack detection, and surface infection of products in manufacturing plants. The examination of gas & oil pipelines and pressure vessels in chemical plants is carried out using this technique. 

Based on end user, the petrochemicals & gas segment is likely to have a huge demand as it is extremely important for the deep-sea oil and natural gas industry which incorporates monitoring pipelines, storage tanks, and refining equipment for measuring internal corrosions without externally harming the material. By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to a huge demand for stringent government regulations regarding safety, rapid technological advancements and the increased focus of manufacturers on R&D.

Some of the key players profiled in the Industrial Radiography Market include 3DX-Ray, American testing services, Anritsu, Applied Technical Services Inc, Ashtead technology Ltd, Bosello High Technology, Comet Group, Fujifilm, General Electric, Mettler-Toledo, Mistras Group Inc, Nikon, Nordson dage, Perkinelmer and Shimadzu.

Radiation Types Covered:
• Gamma Rays
• X-Rays

Technologies Covered:
• Film-Based Radiography
• Digital Radiography   

End Users Covered:
• Automotive & Transportation
• Aerospace & Defense
• Power Generation
• Manufacturing
• Petrochemicals & Gas

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

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