Industrial X-Ray Inspection Equipment and Imaging Software Market Share, Size Global Regional Overview, Opportunities, Trends, Global Growth, Leading Company Analysis, And Key Country Forecast to 2023
Posted on May 5 2021 9:01 AM
"Industrial X-Ray Inspection Equipment and Imaging Software Market Research Report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts with Forecast Period 2021-2023. "
Global Industrial X-Ray Inspection Equipment and Imaging Software Market Research Report study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds impact on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.Industrial X-Ray Inspection Equipment and Imaging Software Market Research Report is highly research-intensive, powered by high R&D investment, and it possesses a strong product analysis to maintain growth and ensure long-term revenue generation.
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Industrial X-Ray Inspection Equipment and Imaging Software Market report offers a comprehensive view regarding the competitive landscape of the Industrial X-Ray Inspection Equipment and Imaging Software market and includes a deep description of performance by some of the key global players completing in the market. It offers a list of latest updates of several business strategies including mergers, acquisitions, partnerships, product launch, expansion of production units, and collaborations adopted by these major global players. The report provides a clear picture regarding R&D investment from key players and adoption of innovative technologies to widen their consumer base and expand the existing competitive position. Moreover, the report offers a detailed information about the position, scope of growth, and opportunities of new entrants or players in the market.
The global Industrial X-ray inspection equipment and imaging software market is projected to register a CAGR of about 6.8% during 2018 - 2023 (the forecast period). The scope of this report is limited to the solutions that are offered by the major players, including providers of computed tomography and digital radiography. While the regions considered in the scope of the report include North America, Europe, Asia-Pacific, and Rest of the World.
X-ray inspection is gaining eminence as one of the most promising methods of non-destructive testing (NDT). These systems are also viewed as important screening tools for risk management and quality control, owing to their ability to detect contaminants, defects, and inconsistencies in products. The industrial X-ray inspection systems market is anticipated to scale new heights in the coming years, with the market moving from conventional film-based systems to the innovative and highly advanced digital systems. With rapid progressions in technology, enhanced image quality and throughput, an increase in the rate of adoption in varied industrial applications is expected to be witnessed. However, high cost associated with portable X-ray devices and stringent regulation may hamper the market growth.
Technological Advancements in the Inspection Systems Driving the Growth of X-ray Systems
With rapid advancements in technology, X-ray systems are witnessing a rise in demand. One of the most prominent developments taking place in the electronics industry is the miniaturization of devices. The growing demand for compact-size products is driving the need for industrial x-ray systems, which can offer high resolution, for quality analysis. Such a requirement of high magnification systems can only be met through x-ray sources, which have a minute punctiform X-ray focal spot. This has resulted in the development of nanofocus tubes that enable detail inspection at the sub-micron level. Additionally, multifocus x-ray sources that include high-power modes, nanofocus and microfocus have also been developed for varied application areas. Furthermore, Flat Panel Detector (FPD) integrated systems particularly digital radiography (DR) machines, that fulfill high resolution and faster processing requirements would be viewed as the next-generation x-ray inspection systems of the future. Additionally, computed tomography (CT) equipped with FPDs and other sophisticated technologies are expected to drive the market due to their widening footprint in various end-use areas.
Medical And Healthcare Segment Accounted For A Significant Share
The expansion of the geriatric population has increased the incidence of cardiovascular and respiratory diseases, and frequent medical check-ups in the medical institutions. According to a survey in the European Union, about 63% of the deaths in the region in the geriatric age group are caused by heart disease or respiratory disease. These factors have increased the consciousness among the population, and have resulted in an increased demand for X-ray machines and imaging software. Thus, the geriatric age group, which is highly susceptible to chronic diseases, is anticipated to bolster the demand for high-resolution imaging systems. The X-ray equipment market for medical applications is also expected to witness healthy growth during the forecast period, driven by the continuous digitalization of X-ray systems and increasing investments on the healthcare industry in emerging economies. Hospitals, on the other hand, are becoming amenable to modern procedures, such as, digital X-ray and medical imaging. In addition, technological advancements, like the design modifications in the interface of computer-controlled X-ray generator with imaging system have resulted in better synchronization of the overall imaging system with X-ray generators.
Asia-Pacific To Witness A Significant Growth Rate
The Asian market is expected to witness a robust growth, primarily driven by the bolstering aviation market and power generation sector which demand highly advanced systems. The major factors driving the growth of this market are rising growth of automobile and aviation industries, technological advancements in industrial x-ray products, growing consumer awareness regarding enhanced quality of products, rising government funding is boosting the growth of the Asia-Pacific industrial X-ray market. China is expected to witness the highest growth, driven by rapidly growing manufacturing industry along with growing vehicle production which is fuelling the demand for high quality x-ray inspection systems. Apart from this, the outspread application of general X-rays such as interventional X-ray, mammography, and general radiography have been witnessing higher demand in APAC. This is driven by the increased need for non-surgical procedures. Further, other advantages such as 3D imaging through magnetic resonance imaging (MRI) and ultrasound help in determining the pattern of the disease in a better way. The upgradation of software applications and increase in MRI compatible interventional procedures for treating chronic disorders are also expected to drive market growth.
Key Developments In The Market
January 2018 - Nikon Metrology has been chosen to supply the all-important X-ray equipment for checking the quality of the reflow soldering process during production of a new range of power semiconductor devices of IXYS UK Westcode.
July 2017 - iVario, an innovative, intelligent high-voltage generator, is being brought to market by Comet Industrial X-Ray Modules in July 2017. Based on cutting-edge IoT technology (Internet of Things), iVarioâ„¢ optimizes the use of x-ray sources in non-destructive testing in the automotive industry, aerospace, and security inspection. The launch of the new x-ray generator marks an important milestone in the Group-wide drive to digitalize products and services, and supports the growth strategy of the Comet Group.
May 2017 - Varex Imaging Corporation had completed the acquisition of the Medical Imaging business of PerkinElmer, Inc. This acquisition was expected to be transformative to the Varex's digital detector operations, enabling the company to increase innovation, leverage its manufacturing scale and expand its cost leadership position.
Major Players: GENERAL ELECTRIC CO., NORTH STAR IMAGING INC., YXLON INTERNATIONAL, NIKON CORPORATION, COMET GROUP AND NORDSON DAGE. OTHER PLAYERS INCLUDE: SHIMADZU CORPORATION, 3DX-RAY, DÃœRR NDT GMBH & CO. KG, RIGAKU CORPORATION, VAREX IMAGING CORPORATION, INC. AND TOSHIBA CORPORATION, amongst others.
Reasons to Purchase this Report
Impact of Opportunities offered by Miniaturization Trend Shift from Analog to Digital Systems
Analyzing various perspectives of the market with the help of Porterâ€™s five forces analysis
Regional-level analysis of the market
Identify the latest developments, market shares and strategies employed by the major market players
3 months analyst support along with the Market Estimate sheet in excel
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Covered in this report
The Report Covers the Present Scenario and the Growth Prospects of the Global Industrial X-Ray Inspection Equipment and Imaging Software Market for 2021-2023. To calculate the market size, the report considers new installations or sales and subscription payments of Industrial X-Ray Inspection Equipment and Imaging Software.
Regional Market Analysis:
The Industrial X-Ray Inspection Equipment and Imaging Software Market report includes Global & Regional market status and outlook 2021-2023. Further, the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast
Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Global Industrial X-Ray Inspection Equipment and Imaging Software Market 2021-2023, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
- Growing research activities coupled with new product launches.
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- High Opportunity in the Industry
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- Complications associated with Industrial X-Ray Inspection Equipment and Imaging Software procedures.
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Key Attentions of Industrial X-Ray Inspection Equipment and Imaging Software Market Report:
- The report offers a comprehensive and broad perspective on the global Industrial X-Ray Inspection Equipment and Imaging Software market.
- The market statistics represented in different Industrial X-Ray Inspection Equipment and Imaging Software segments offers complete industry picture.
- Market growth drivers, challenges affecting the development of Industrial X-Ray Inspection Equipment and Imaging Software are analyzed in detail.
- The report will help in the analysis of major competitive market scenario, market dynamics of Industrial X-Ray Inspection Equipment and Imaging Software.
- Major stakeholders, top companies Industrial X-Ray Inspection Equipment and Imaging Software, investment feasibility and new market entrants study is offered.
- Development scope of Industrial X-Ray Inspection Equipment and Imaging Software in each market segment is covered in this report. The macro and micro-economic factors affecting the Industrial X-Ray Inspection Equipment and Imaging Software market
- Advancement is elaborated in this report. The upstream and downstream components of Industrial X-Ray Inspection Equipment and Imaging Software and a comprehensive value chain are explained.
Some Major Points from Toc :-
1.1 Research Phases
1.2 Study Deliverables
1.3 Scope of the Report
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness – Porter’s Five Forces Analysis
3.2.5 Degree of Competition
3.3 Price Analysis
4. Market Dynamics
5. Market Segmentation and Analysis (Market Size, Growth & Forecast)
5.1 By Product Type
5.2 By Application
5.3 By End-user Industry
6. Regional Market Analysis
6.1 Production Analysis
6.1.4 Democratic Republic of Congo
6.2 Consumption Analysis (Market Size, Growth and Forecast)
126.96.36.199 South Korea
188.8.131.52 Rest of Asia-Pacific
6.2.2 North America
184.108.40.206 United States
220.127.116.11 Rest of North America
18.104.22.168 United Kingdom
22.214.171.124 Rest of Europe
6.2.4 South America
126.96.36.199 Rest of South America
6.2.5 Middle East & Africa
188.8.131.52 South Africa
184.108.40.206 Rest of Middle East & Africa
7. Future of the Market
8. Competitive Landscape
8.1 Mergers & Acquisitions, Joint Ventures, Collaborations and Agreements
8.2 Market Share Analysis**
8.3 Strategies Adopted by Leading Players
9. Company Profiles (Overview, Financials**, Products & Services, and Recent Developments)
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