A recent report published by Infinium Global Research on industrial radiography equipment market provides in-depth analysis of segments and sub-segments in the global as well as regional industrial radiography equipment market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional industrial radiography equipment market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global industrial radiography equipment market. According to the report, the global industrial radiography equipment market is projected to grow at a healthy CAGR over the forecast period of 2019-2025.
Industrial radiography is the process used in several industries to detect the flaws and cracks in the materials which are not visible through the naked eyes. Industrial radiography equipment is increasingly being used in various sectors, such as aerospace & defense, semiconductor, and oil & gas, to confirm the structural reliability of products and identify faults. The industrial radiography equipment market is expected to grow at a high CAGR during the forecast period.
Increasing demand for radiography in additive manufacturing is the major factor for the growth of the global industrial radiography equipment market. Furthermore, the rising adoption of industrial radiography technique in the aerospace and automotive industry are the other key factors that drive the growth of the industrial radiography equipment market. A combination of 2D & 3D capabilities in a single system and technological advancements in the products also helps the market growth across the globe. However, the high threat of radiation contact and high cost of industrial radiography may hamper the growth of the industrial radiography equipment market. Moreover, favorable government support and new product launches create an opportunity for the growth of the market in the upcoming years.
In terms of region, the global industrial radiography equipment market has been segmented into North America, Europe, the Asia-Pacific, the Middle East & Africa, and South America. Among all regions, North America is leading the market share of the global industrial radiography equipment market due to the rising demand for industrial x-ray equipment from different industries in the region such as aerospace and defense, oil and gas, semiconductors, and production. The Asia Pacific is expected to witness beneficial growth in this market during the forecast period. Expanding semiconductor industry and growing miniaturization of electronic components in the region are the factors for the growth of the industrial radiography equipment market in the region.
The report on global industrial radiography equipment market covers segments such as imaging technique, and application. On the basis of imaging technique, the sub-markets include film-based radiography, and digital radiography. On the basis of application, the sub-markets include aerospace and defense, automotive and transportation, electronics, manufacturing, oil and gas, and other application.
The report provides profiles of the companies in the market such as Fujifilm Corporation, Comet Group, Shimadzu Corporation, Nikon Corporation, GE Company, 3DX-Ray Ltd, Smiths Group plc, PerkinElmer Inc., Nordon Dage, North Star Imaging, and Other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of industrial radiography equipment market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.