Industrial X-Ray Inspection Systems Market: Meticulous Research® Uncovers the Reasons for Market Growth at a CAGR of 10.3% to Reach $1.02 Billion by 2028

The Industrial X-ray Inspection Systems Market is expected to reach a value of $1.0 billion by 2028, at a CAGR of 10.3% during the forecast period 2021-2028.
Industrial X-ray Inspection Systems Market by Component (Hardware, Software), Imaging Technique (Digital, Film-Based), Dimension (2D X-ray Systems, 3D X-ray), Vertical (Electronics & Semiconductors, Oil & Gas), and Geography – Global Forecasts to 2028

Industrial X-ray inspection systems are used to detect defects or flaws in any product without any destruction or disassembly. These systems are used in several industries, including oil & gas, electronics, semiconductors, automotive, and aerospace. The adoption of industrial X-ray inspection systems is increasing in various industries as it offers defect detection without disassembly or destruction with high efficiency, precision, and speed, thus maintaining high product quality.

Meticulous Research, in its latest publication on the Industrial X-Ray Inspection Systems Market, states that the market will grow at a CAGR of 10.3% from 2021 to 2028 to reach $1.02 billion by 2028.

The growth of this market is mainly attributed to factors such as stringent government regulations regarding the safety of assets, increasing consumer awareness regarding quality standards, and rising security concerns in strategic infrastructure installations. Increasing automation in digital X-ray inspection systems, miniaturization of X-ray inspection systems for higher mobility, and increase in user-friendly interfaces due to technological advancements are some of the factors expected to create several opportunities for industrial X-ray system manufacturers. However, the availability of substitute technologies and high equipment and maintenance costs hampers this market’s growth.

To provide efficient analysis, Meticulous Research® has segmented this market on the basis of Component (Hardware, Software, Support Services, Consumables), Dimensions (2D X-Ray Syatem, 3D X-Ray System), Imaging Technique (Film-Based Imaging, Digital Imaging), Vertical (Oil and Gas, Aerospace, Automotive, Electronics and Semiconductor) and Geography.

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Scope of the Report:

Industrial X-ray Inspection Systems Market, by Component

Hardware
Software
Support Services
Consumables

Industrial X-ray Inspection Systems Market, by Imaging Technique

Digital Imaging
Digital Radiography
Computed Radiography
Computed Tomography
Film-Based Imaging

Industrial X-ray Inspection Systems Market, by Dimension

2D X-ray Systems
3D X-ray Systems

Industrial X-ray Inspection Systems Market, by Vertical

Electronics & Semiconductors
PCB Inspection
Solder Joint Inspection
Wafer Inspection
Automated Optical Inspection
Other Applications
Aerospace
Aircraft Maintenance
Composite Material Analysis
Automotive
Public Infrastructure
Airport Security
Railway Tracks
Bridges and Tunnels
Power Generation
Nuclear Power Plants
Renewable Energy Plants
Non-Renewable Energy Plants
Oil & Gas
Subsea Pipeline Monitoring
Transmission Pipeline Monitoring
Storage Tank Monitoring
Refinery Plant Monitoring
Food & Beverages
Manufacturing
Product Quality Control
Additive Manufacturing
Plant Health Monitoring
Other Verticals

Industrial X-ray Inspection Systems Market, by Geography

North America
U.S.
Canada
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Europe
Germany
U.K.
France
Italy
Spain
Rest of Europe
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
Saudi Arabia
UAE
Rest of the Middle East & Africa

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Based on components, the hardware segment is expected to account for the largest share of the industrial X-ray inspection systems market in 2021. Rapid market growth of the hardware segment is due to the availability of the different types of industrial X-ray inspection systems ranging from simple to complex operations, price variations based on specific applications, and its wide adoption in several industries such as oil & gas, aerospace, and automotive.

Based on dimentions, the 2D X-ray systems segment is expected to account for the larger share of the global industrial X-ray inspection systems market in 2021. The rapid growth of the 2D X-ray systems segment is due to factors such as minimal complex processing, time-efficient processing, and lower costs. These systems are utilized in various industries such as automotive, aerospace, defense, device, and manufacturing to detect defects or flaws in the final products.

Based on imaging technique, digital imaging segment is expected to account for the larger share of the global industrial X-ray inspection systems market in 2021. The higher growth rate of the digital imaging segment is attributed to its ability to continuously inspect numerous parts during an examination, developments in computing processing power, and ongoing improvements in digital image processing techniques.

Based on verticals, the electronics & semiconductors segment is expected to account for the largest share of the global industrial X-ray inspection systems market in 2021. This segment’s high market growth rate is largely attributed to the growing demand for miniaturization of electronic devices and components, rapid implementation of emerging manufacturing and fabrication technologies promoting digitalization, and rising demand for X-ray inspection technology for 3D packaging in the semiconductor electronics market.

Based on geography, North America is expected to account for the largest market share of the global industrial X-ray inspection systems market in 2021, followed by Asia-Pacific. Stringent regulations and implementation of standards mandated by the government and relevant organizations concerning the safety towards utilizing finished goods, ensuring the product quality as per standard, worker safety while handling the products, and environmental guidelines are the major factors that make North America a leading region in terms of higher adoption of industrial X-ray inspection systems.

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Key Players

Some of the prominent players operating in the global industrial X-ray inspection systems market include North Star Imaging, Inc. (U.S.), Nikon Metrology, Inc. (U.S.), Nordson Corporation (U.S.), YXLON International GmbH (Germany), VJ Group, Inc. (U.S.), 3DX-RAY Ltd (U.K.), VisiConsult X-ray Systems & Solutions GmbH (Germany), Smiths Detection Group Ltd. (U.K.), Mettler Toledo International Inc. (U.S.), Maha X-ray Equipment Private Limited (India), Baker Hughes Company (U.S.), Ishida Co., Ltd. (Japan), Carl Zeiss AG (Germany), Ametek.Inc. (U.S.), and Thermo Fisher Scientific Inc. (U.S.)

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About Meticulous Research®

Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.

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