Industrial Radiography Market, By Imaging Technique, By End-use Industry, By Geography

Description

The global industrial radiography market is estimated to be valued at US$ 1.73 Bn in 2024 and is expected to reach US$ 3.12 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 8.8% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 1.73 Bn
Historical Data for:	2019 To 2023	Forecast Period:	2024 to 2031
Forecast Period 2024 to 2031 CAGR:	8.80%	2031 Value Projection:	US$ 3.12 Bn

Figure. Industrial Radiography Market Share (%), By Region 2024

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

Product Code: CMI7167

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Imaging Technique
- Market Snippet, By End-use Industry
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- Market Opportunities
Regulatory Scenario
Industry Trend
Merger and Acquisitions
New System Launches/Approvals
Impact of COVID-19 Pandemic

4. Global Industrial Radiography Market, By Imaging Technique, 2019-2031 (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
Digital Radiography
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Film-Based Radiography
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
- Segment Trend

5. Global Industrial Radiography Market, By End-use Industry, 2019-2031 (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
Power Generation
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Aerospace
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Petrochemical and Gas
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Manufacturing
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Automotive & Transportation
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)

6. Global Industrial Radiography Market, By Region, 2019-2031 (US$ Bn)

Introduction
- Market Share Analysis, By Region, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
North America
- Regional Trends
- Market Size and Forecast, By Imaging Technique, 2019-2031 (US$ Bn)
- Market Size and Forecast, By End-use Industry, 2019-2031 (US$ Bn)
- Market Share Analysis, By Country, 2024 and 2031 (%)
  - U.S.
  - Canada
Europe
- Regional Trends
- Market Size and Forecast, By Imaging Technique, 2019-2031 (US$ Bn)
- Market Size and Forecast, By End-use Industry, 2019-2031 (US$ Bn)
- Market Share Analysis, By Country, 2024 and 2031 (%)
  - U.K.
  - Germany
  - France
  - Russia
  - Rest of Europe
Asia Pacific
- Regional Trends
- Market Size and Forecast, By Imaging Technique, 2019-2031 (US$ Bn)
- Market Size and Forecast, By End-use Industry, 2019-2031 (US$ Bn)
- Market Share Analysis, By Country, 2024 and 2031 (%)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
Latin America
- Regional Trends
- Market Size and Forecast, By Imaging Technique, 2019-2031 (US$ Bn)
- Market Size and Forecast, By End-use Industry, 2019-2031 (US$ Bn)
- Market Share Analysis, By Country, 2024 and 2031 (%)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Middle East & Africa
- Regional Trends
- Market Size and Forecast, By Imaging Technique, 2019-2031 (US$ Bn)
- Market Size and Forecast, By End-use Industry, 2019-2031 (US$ Bn)
- Market Share Analysis, By Country, 2024 and 2031 (%)
  - South Africa
  - GCC Countries
  - Rest of the Middle East & Africa

7. Competitive Landscape

Company Profiles
- 3DX-Ray Ltd.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Anritsu Corporation
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Baker Hughes
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Bosello High Technology S.r.L
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Comet Group
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Fujifilm Corporation
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- General Electric Company
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Mettler-Toledo
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Nikon Corporation
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Olympus Corporation
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- PerkinElmer, Inc.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Rigaku Corporation
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Shimadzu Corporation
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Toshiba Electron Tubes & Devices Co., Ltd.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Yxlon International GmbH
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates

8. Wheel of Fortune

Wheel of Fortune
Analyst View
Coherent Opportunity Map

9. Reference and Research Methodology

References
Research Methodology
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