Radiographic Testing Equipment Market
Radiographic Testing Equipment Market Forecasts to 2030 - Global Analysis by Equipment Type (X-ray Machines, Gamma Ray Machines, Neutron Radiography Machines and Real-Time Radiography (RTR) Systems), Portability, Technology, Component, Application, End User and By Geography
|
Years Covered |
2022-2030 |
|
Estimated Year Value (2024) |
US $1268.37 MN |
|
Projected Year Value (2030) |
US $2557.67 MN |
|
CAGR (2024 - 2030) |
12.4% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Europe |
|
Highest Growing Market |
North America |
According to Stratistics MRC, the Global Radiographic Testing Equipment Market is accounted for $1268.37 million in 2024 and is expected to reach $2557.67 million by 2030 growing at a CAGR of 12.4% during the forecast period. In non-destructive testing (NDT), radiography testing equipment refers to the instruments and apparatus used to inspect materials and components for internal flaws without causing harm. This device uses X-rays or gamma rays to produce images that show the structural integrity, defects, or irregularities in a variety of materials, including metals, composites, and welds. Radiography testing, which is frequently used in sectors including oil and gas, automotive, and aerospace, is crucial for safety evaluations and quality control.
According to the Ministry of Statistic and Program Institute (MOSPI) India, the impact of COVID-19 on Gross value-added on the construction, manufacturing, and mining sector has accounted for -13.3%,-6.3%, and -14.7%, respectively.
Market Dynamics:
Driver:
Increasing demand for safety and quality assurance
The growing need for safety and quality control is a major factor driving the market for radiography testing equipment, especially in sectors like oil and gas, automotive, and aerospace. As any defects that go undiscovered can result in catastrophic failures, safety risks, and significant financial losses, businesses are placing a high priority on thorough inspection procedures to guarantee the integrity of materials and components. A reliable way to satisfy strict quality standards and legal requirements is through radiography testing, which is well-known for its capacity to identify internal flaws without causing material damage.
Restraint:
High initial costs
High initial costs in radiographic testing equipment pose challenges for organizations, particularly SMEs. The substantial investment required for advanced systems like digital detectors, X-ray generators, and software can exceed budget constraints, potentially deterring companies from upgrading or adopting new technologies. This financial burden can slow market growth and hinder widespread adoption of essential testing solutions, especially in sectors requiring safety and quality.
Opportunity:
Growing adoption of automation
Automation is increasingly being used in radiography testing equipment to increase uniformity, accuracy, and efficiency. Automated technologies can improve data analysis skills, decrease human error, and expedite the inspection process. Artificial intelligence and image processing developments are making it possible for automated systems to identify flaws more quickly and precisely. Additionally, by reducing radiation exposure to humans, automation can contribute to increased workplace safety. The need for automated radiography testing equipment is anticipated to increase further as the advantages of automation become more readily apparent.
Threat:
Skilled labour shortage
The efficient deployment and operation of non-destructive testing (NDT) technologies are impacted by the skilled labour shortage, which is a significant obstacle in the market for radiography testing equipment. Advanced radiography systems are being adopted by industries more and more, which has increased need for skilled technicians that can handle these intricate devices and correctly interpret the data. However, operational effectiveness and safety standards are at danger due to the discrepancy between the demand for qualified specialists and the supply of trained workers. This scarcity can ultimately impede market expansion and innovation in radiography testing by causing inspection delays.
Covid-19 Impact
The COVID-19 pandemic had a major effect on the market for radiography testing equipment, causing manufacturing to be disrupted and demand to fall in a number of industries. Reduced operational capacities were the result of lockdowns and health measures, especially in sectors like construction and automotive that has historically relied on radiography testing for quality assurance. Nonetheless, the heightened emphasis on safety and healthcare measures also fuelled demand for digital and portable radiography solutions, which ultimately changed market dynamics by enabling safer inspections and adherence to strict health regulations.
The X-ray machines segment is expected to be the largest during the forecast period
The X-ray machines segment is predicted to secure the largest market share throughout the forecast period, due to their versatility and affordability. They are appropriate for a variety of uses, such as power generating, construction, automotive, and aerospace. Digital radiography and computed tomography (CT), two developments in X-ray technology, have enhanced the efficiency and quality of images. X-ray equipment are becoming more and more popular across a range of industries due to the growing need for non-destructive testing techniques to guarantee product quality and safety.
The power generation segment is expected to have the highest CAGR during the forecast period
Over the forecast period, the power generation segment is predicted to witness the highest growth rate. Increased demand for dependable and effective power sources has resulted in stricter quality control standards for parts like pressure vessels, boilers, and turbines. In order to guarantee the integrity of these parts and avoid malfunctions that can result in power outages, radiography testing is essential. It is anticipated that the demand for sophisticated radiography testing equipment will continue to grow as the world's energy landscape changes.
Region with largest share:
The Europe region is projected to account for the largest market share during the forecast period, due to strict safety laws and quality control requirements, especially in sectors like aerospace and automotive. The use of advanced radiography technologies is growing as a result of the emphasis on maintaining structural integrity and safety. Furthermore, technology developments like automation and digital radiography improve testing efficiency and accuracy, which appeals to manufacturers. Additionally, the region's need for trustworthy non-destructive testing techniques is fuelled by continuous infrastructure development and maintenance projects.
Region with highest CAGR:
During the estimation period, the North America region is forecasted to record the highest growth rate, driven by the existence of important sectors including power generation, automotive, and aerospace. Advanced radiography testing methods are required to guarantee product safety and dependability due to the strict quality control standards in these industries. Moreover propelling market expansion is the region's emphasis on innovation and technological developments, which has resulted in the creation of new and enhanced radiography testing equipment.
Key players in the market
Some of the key players profiled in the Radiographic Testing Equipment Market include General Electric (GE) Inspection Technologies, 3DX-Ray Ltd., Nikon Metrology Inc., Carestream Health, Teledyne DALSA Inc., Canon Inc., YXLON International GmbH (Comet Group), Mettler-Toledo International Inc., Fujifilm Holdings Corporation, Zetec Inc., Olympus Corporation, North Star Imaging Inc., Vidisco Ltd., Hitachi Ltd., Bosello High Technology s.r.l., DÜRR NDT GmbH & Co. KG, Varian Medical Systems, Rigaku Corporation, VJ Technologies Inc. and Parker Hannifin Corp.
Key Developments:
In October 2020, Fujifilm released the FDR D-EVO II, a next-generation digital radiography system that offers enhanced imaging capabilities and user-friendly features.
In July 2020, Olympus introduced the IPLEX G Lite, a lightweight, portable videoscope for internal inspections, improving accessibility and ease of use in various applications.
In March 2020, GE launched a new digital radiography system that enhances inspection efficiency and image quality, targeting the aerospace and energy sectors.
Equipment Types Covered:
• X-ray Machines
• Gamma Ray Machines
• Neutron Radiography Machines
• Real-Time Radiography (RTR) Systems
Portability Covered:
• Stationary Radiographic Testing Equipment
• Portable Radiographic Testing Equipment
Technologies Covered:
• Film-Based Radiography
• Digital Radiography (DR)
• Computed Tomography (CT)
• X-ray Testing
Components Covered:
• Hardware
• Software
• Services
Applications Covered:
• Flaw Detection
• Dimensional Measurement
• Quality Control and Inspection
• Corrosion Mapping
• Other Applications
End Users Covered:
• Aerospace and Defense
• Oil & Gas
• Power Generation
• Manufacturing
• Automotive
• Construction
• Medical
• Other End Users
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 UAE
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 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- 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
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
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
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Radiographic Testing Equipment Market, By Equipment Type
5.1 Introduction
5.2 X-ray Machines
5.3 Gamma Ray Machines
5.4 Neutron Radiography Machines
5.5 Real-Time Radiography (RTR) Systems
6 Global Radiographic Testing Equipment Market, By Portability
6.1 Introduction
6.2 Stationary Radiographic Testing Equipment
6.3 Portable Radiographic Testing Equipment
7 Global Radiographic Testing Equipment Market, By Technology
7.1 Introduction
7.2 Film-Based Radiography
7.3 Digital Radiography (DR)
7.3.1 Direct Digital Radiography (DDR)
7.3.2 Computed Radiography (CR)
7.4 Computed Tomography (CT)
7.5 X-ray Testing
8 Global Radiographic Testing Equipment Market, By Component
8.1 Introduction
8.2 Hardware
8.3 Software
8.4 Services
9 Global Radiographic Testing Equipment Market, By Application
9.1 Introduction
9.2 Flaw Detection
9.3 Dimensional Measurement
9.4 Quality Control and Inspection
9.5 Corrosion Mapping
9.6 Other Applications
10 Global Radiographic Testing Equipment Market, By End user
10.1 Introduction
10.2 Aerospace and Defense
10.3 Oil & Gas
10.4 Power Generation
10.5 Manufacturing
10.6 Automotive
10.7 Construction
10.8 Medical
10.9 Other End Users
11 Global Radiographic Testing Equipment Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 General Electric (GE) Inspection Technologies
13.2 3DX-Ray Ltd.
13.3 Nikon Metrology Inc.
13.4 Carestream Health
13.5 Teledyne DALSA Inc.
13.6 Canon Inc.
13.7 YXLON International GmbH (Comet Group)
13.8 Mettler-Toledo International Inc.
13.9 Fujifilm Holdings Corporation
13.10 Zetec Inc.
13.11 Olympus Corporation
13.12 North Star Imaging Inc.
13.13 Vidisco Ltd.
13.14 Hitachi Ltd.
13.15 Bosello High Technology s.r.l.
13.16 DÜRR NDT GmbH & Co. KG
13.17 Varian Medical Systems
13.18 Rigaku Corporation
13.19 VJ Technologies Inc.
13.20 Parker Hannifin Corp.
List of Tables
1 Global Radiographic Testing Equipment Market Outlook, By Region (2022-2030) ($MN)
2 Global Radiographic Testing Equipment Market Outlook, By Equipment Type (2022-2030) ($MN)
3 Global Radiographic Testing Equipment Market Outlook, By X-ray Machines (2022-2030) ($MN)
4 Global Radiographic Testing Equipment Market Outlook, By Gamma Ray Machines (2022-2030) ($MN)
5 Global Radiographic Testing Equipment Market Outlook, By Neutron Radiography Machines (2022-2030) ($MN)
6 Global Radiographic Testing Equipment Market Outlook, By Real-Time Radiography (RTR) Systems (2022-2030) ($MN)
7 Global Radiographic Testing Equipment Market Outlook, By Portability (2022-2030) ($MN)
8 Global Radiographic Testing Equipment Market Outlook, By Stationary Radiographic Testing Equipment (2022-2030) ($MN)
9 Global Radiographic Testing Equipment Market Outlook, By Portable Radiographic Testing Equipment (2022-2030) ($MN)
10 Global Radiographic Testing Equipment Market Outlook, By Technology (2022-2030) ($MN)
11 Global Radiographic Testing Equipment Market Outlook, By Film-Based Radiography (2022-2030) ($MN)
12 Global Radiographic Testing Equipment Market Outlook, By Digital Radiography (DR) (2022-2030) ($MN)
13 Global Radiographic Testing Equipment Market Outlook, By Direct Digital Radiography (DDR) (2022-2030) ($MN)
14 Global Radiographic Testing Equipment Market Outlook, By Computed Radiography (CR) (2022-2030) ($MN)
15 Global Radiographic Testing Equipment Market Outlook, By Computed Tomography (CT) (2022-2030) ($MN)
16 Global Radiographic Testing Equipment Market Outlook, By X-ray Testing (2022-2030) ($MN)
17 Global Radiographic Testing Equipment Market Outlook, By Component (2022-2030) ($MN)
18 Global Radiographic Testing Equipment Market Outlook, By Hardware (2022-2030) ($MN)
19 Global Radiographic Testing Equipment Market Outlook, By Software (2022-2030) ($MN)
20 Global Radiographic Testing Equipment Market Outlook, By Services (2022-2030) ($MN)
21 Global Radiographic Testing Equipment Market Outlook, By Application (2022-2030) ($MN)
22 Global Radiographic Testing Equipment Market Outlook, By Flaw Detection (2022-2030) ($MN)
23 Global Radiographic Testing Equipment Market Outlook, By Dimensional Measurement (2022-2030) ($MN)
24 Global Radiographic Testing Equipment Market Outlook, By Quality Control and Inspection (2022-2030) ($MN)
25 Global Radiographic Testing Equipment Market Outlook, By Corrosion Mapping (2022-2030) ($MN)
26 Global Radiographic Testing Equipment Market Outlook, By Other Applications (2022-2030) ($MN)
27 Global Radiographic Testing Equipment Market Outlook, By End user (2022-2030) ($MN)
28 Global Radiographic Testing Equipment Market Outlook, By Aerospace and Defense (2022-2030) ($MN)
29 Global Radiographic Testing Equipment Market Outlook, By Oil & Gas (2022-2030) ($MN)
30 Global Radiographic Testing Equipment Market Outlook, By Power Generation (2022-2030) ($MN)
31 Global Radiographic Testing Equipment Market Outlook, By Manufacturing (2022-2030) ($MN)
32 Global Radiographic Testing Equipment Market Outlook, By Automotive (2022-2030) ($MN)
33 Global Radiographic Testing Equipment Market Outlook, By Construction (2022-2030) ($MN)
34 Global Radiographic Testing Equipment Market Outlook, By Medical (2022-2030) ($MN)
35 Global Radiographic Testing Equipment Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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