Radiographic Testing Equipment Market Forecasts to 2030 - Global Analysis by Equipment Type, Portability, Technology, Component, Application, End User and By Geography

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., DURR 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
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • 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
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • 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