X-ray inspection systems are automated systems that use X-rays as a source to inspect defects and other inconsistencies in products during quality control and risk management processes. Thus, X-ray inspection, a non-contact imaging technique has garnered lot of interest among manufacturers as one of the promising non-destructive testing (NDT) techniques. These systems that use advanced pattern recognition and image processing software are quickly becoming an integral part of manufacturing processes. The global X-ray non-destructive testing market is still in infancy and is poised to offer strong growth and investment opportunities during the forecast period 2021 - 2029. The global X-ray non-destructive testing equipment market was valued at US$ 543.0 Mn in 2020 and is expected to cross US$ 950 Mn by 2029, growing at a CAGR of 6.8% over the forecast period 2021 - 2029.
X-Ray non-destructive testing systems are used to inspect an object for internal defects, abnormalities, pore, and other inconsistencies without destroying it. The global X-ray non-destructive testing market is expected to witness significant growth with the rising need to reduce production cost and increasing demand for high quality products. In addition, continuous developments to offer simple and efficient x-ray based object inspection is also expected to fuel the market growth throughout the forecast period. Global manufacturers are focusing on reducing labor costs and production errors, particularly related to quality. This, in turn is influencing demand for X-ray non-destructive testing systems.
Ideally known for their non-destructive method of screening, automated X-ray-based systems are slowly gaining acceptance manufacturers as one of the most important tools for quality inspection and quality management. Their ability to identify defects and discrepancies at the earliest possible stage has been pushing their use for quality control purpose among manufacturers. The majority of this credit goes to several government mandates and production standards that are in place. The X-ray non-destructive testing market is likely to achieve great heights in the coming years with the industry witnessing a shift from conventional film-based to advanced digital X-ray based inspection systems. The advancements in technology and resulting shift towards digital X-ray based inspection and testing systems is driving the conventional low resolution X-ray inspection systems towards obsolescence, thereby creating the replacement demand. The rapid progressions in technology has led to the development of X-ray inspection systems with high resolution and faster processing requirements.
The global X-ray NDT equipment industry is highly fragmented and comprise large number of regional as well as multi-national players. High market competition is existing in the market due to presence of large number of players throughout the value chain of this industry. Established players in the industry focuses on innovative product development. The market is govern by stringent regulations and mandatory safety code requirements. In addition, high initial cost and time-consuming certification processes are limiting new entrants in the x-ray NDT equipment industry.
One of the major areas of focus is strengthening of sales channel worldwide. The market comprises various players that operate as subsidiaries of large multinational companies. Such companies have an advantage of extensive global reach through the existing network of their parent companies. Subsequently, it becomes essential for the market players to focus on their sales channel so as to reach out to maximum number of customers. Some of the global companies also follow a strategy of merger and acquisition of small and medium sized players operating in the market. Thus, a promising trend of consolidation is expected to emerge in the coming years.
This research study on X-ray NDT equipment offers comprehensive analysis of market driving and limiting factors in the global industry. This study includes technology, price, demand-supply and regional deployment trends of x-ray NDT equipment. The report also includes high level analysis such as competitive analysis, exhaustive value chain analysis of x-ray NDT equipment industry and regional attractive analysis which helps industry players and their trade partners to identify key investment areas in the industry and frame their strategies.
Moreover, this research study provides market estimates and forecast for different application of x-ray non-destructive testing (NDT) and its market size in terms of both volume (number of units sold) and revenue (US$ Mn). The x-ray non-destructive testing (NDT) market is classified into its applications and estimates and forecast is provided for each of this segment. The report also includes cross sectional analysis on the regional basis i.e. regional market size by mining methods and application. This research study provides historical market size (2019 & 2020), market estimate (2020) and forecast for the period 2021 - 2029 in terms of volume and revenue. The report also includes market estimates and forecast of x-ray non-destructive testing (NDT) market for major countries.
The report includes profiles of major players in the global x-ray non-destructive testing (NDT) industry. Company profiles include detailed information about business strategies, product portfolio, recent developments and regional positioning of these manufacturers. The report also provides in-depth analysis about market competition and positioning of key market players along with their market winning strategies.
Based on applications in end-use verticals, the global X-ray non-destructive testing market is segmented into aerospace and defense, industrial manufacturing, semiconductor, power generation, construction, automotive, oil and gas and others (Medical, chemical etc).
X-ray non-destructive testing equipment used in oil and gas accounted for the largest revenue share in 2020. In this segment we have considered X-ray NDT equipment used in oil refineries, on-shore and off-shore pipelines, on-shore and off-shore gas wells and rings and at petrochemical plants. Rising demand for oil and gas and increasing number of oil, gas and petrochemical plants is expected to spur the demand for X-ray NDT inspection solutions. In addition, X-ray NDT equipment manufacturers are continuously working on developing efficient solutions in order to meet inspection requirement in challenging environments is also expected to spur the demand for X-ray NDT solutions.
In manufacturing industry X-ray non- destructive testing equipment are used for inspection and detection of flaws, and particles on components manufactured. The segment is expected to witness significant growth with increasing output of manufacturing industries and rising need to produce quality products. Defense and security is emerging application segment for X-ray non-destructive testing equipment.
Defense and aerospace segment is expected to witness considerable growth throughout the forecast period from 2021 to 2029. Increasing production of aircraft and spacecraft and deployment of inspection and testing equipment in this sector is expected to spur the demand for X-ray NDT equipment from this sector.
The global X-ray non-destructive testing market is classified into four major regions i.e. North America, Europe, Asia Pacific and Rest of the World (RoW). The Rest of the World X-ray non-destructive testing market is further classified into Middle East and Africa (MEA) and Latin America.
The automotive, industrial manufacturing and construction sectors in North America witnessed a gradual slow down due to bleak market conditions prevailing during economic recession. However, with financial markets showing stability, these sectors are poised to regain their original growth levels. This, in turn will have a positive impact on the overall output and subsequent demand for quality inspection equipment in the region.
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X-Ray non-destructive testing systems are used to inspect an object for internal defects, abnormalities, pore, and other inconsistencies without destroying it. The global X-ray non-destructive testing market is expected to witness significant growth with the rising need to reduce production cost and increasing demand for high quality products. In addition, continuous developments to offer simple and efficient x-ray based object inspection is also expected to fuel the market growth throughout the forecast period. Global manufacturers are focusing on reducing labor costs and production errors, particularly related to quality. This, in turn is influencing demand for X-ray non-destructive testing systems.
Ideally known for their non-destructive method of screening, automated X-ray-based systems are slowly gaining acceptance manufacturers as one of the most important tools for quality inspection and quality management. Their ability to identify defects and discrepancies at the earliest possible stage has been pushing their use for quality control purpose among manufacturers. The majority of this credit goes to several government mandates and production standards that are in place. The X-ray non-destructive testing market is likely to achieve great heights in the coming years with the industry witnessing a shift from conventional film-based to advanced digital X-ray based inspection systems. The advancements in technology and resulting shift towards digital X-ray based inspection and testing systems is driving the conventional low resolution X-ray inspection systems towards obsolescence, thereby creating the replacement demand. The rapid progressions in technology has led to the development of X-ray inspection systems with high resolution and faster processing requirements.
The global X-ray NDT equipment industry is highly fragmented and comprise large number of regional as well as multi-national players. High market competition is existing in the market due to presence of large number of players throughout the value chain of this industry. Established players in the industry focuses on innovative product development. The market is govern by stringent regulations and mandatory safety code requirements. In addition, high initial cost and time-consuming certification processes are limiting new entrants in the x-ray NDT equipment industry.
One of the major areas of focus is strengthening of sales channel worldwide. The market comprises various players that operate as subsidiaries of large multinational companies. Such companies have an advantage of extensive global reach through the existing network of their parent companies. Subsequently, it becomes essential for the market players to focus on their sales channel so as to reach out to maximum number of customers. Some of the global companies also follow a strategy of merger and acquisition of small and medium sized players operating in the market. Thus, a promising trend of consolidation is expected to emerge in the coming years.
This research study on X-ray NDT equipment offers comprehensive analysis of market driving and limiting factors in the global industry. This study includes technology, price, demand-supply and regional deployment trends of x-ray NDT equipment. The report also includes high level analysis such as competitive analysis, exhaustive value chain analysis of x-ray NDT equipment industry and regional attractive analysis which helps industry players and their trade partners to identify key investment areas in the industry and frame their strategies.
Moreover, this research study provides market estimates and forecast for different application of x-ray non-destructive testing (NDT) and its market size in terms of both volume (number of units sold) and revenue (US$ Mn). The x-ray non-destructive testing (NDT) market is classified into its applications and estimates and forecast is provided for each of this segment. The report also includes cross sectional analysis on the regional basis i.e. regional market size by mining methods and application. This research study provides historical market size (2019 & 2020), market estimate (2020) and forecast for the period 2021 - 2029 in terms of volume and revenue. The report also includes market estimates and forecast of x-ray non-destructive testing (NDT) market for major countries.
The report includes profiles of major players in the global x-ray non-destructive testing (NDT) industry. Company profiles include detailed information about business strategies, product portfolio, recent developments and regional positioning of these manufacturers. The report also provides in-depth analysis about market competition and positioning of key market players along with their market winning strategies.
Based on applications in end-use verticals, the global X-ray non-destructive testing market is segmented into aerospace and defense, industrial manufacturing, semiconductor, power generation, construction, automotive, oil and gas and others (Medical, chemical etc).
X-ray non-destructive testing equipment used in oil and gas accounted for the largest revenue share in 2020. In this segment we have considered X-ray NDT equipment used in oil refineries, on-shore and off-shore pipelines, on-shore and off-shore gas wells and rings and at petrochemical plants. Rising demand for oil and gas and increasing number of oil, gas and petrochemical plants is expected to spur the demand for X-ray NDT inspection solutions. In addition, X-ray NDT equipment manufacturers are continuously working on developing efficient solutions in order to meet inspection requirement in challenging environments is also expected to spur the demand for X-ray NDT solutions.
In manufacturing industry X-ray non- destructive testing equipment are used for inspection and detection of flaws, and particles on components manufactured. The segment is expected to witness significant growth with increasing output of manufacturing industries and rising need to produce quality products. Defense and security is emerging application segment for X-ray non-destructive testing equipment.
Defense and aerospace segment is expected to witness considerable growth throughout the forecast period from 2021 to 2029. Increasing production of aircraft and spacecraft and deployment of inspection and testing equipment in this sector is expected to spur the demand for X-ray NDT equipment from this sector.
The global X-ray non-destructive testing market is classified into four major regions i.e. North America, Europe, Asia Pacific and Rest of the World (RoW). The Rest of the World X-ray non-destructive testing market is further classified into Middle East and Africa (MEA) and Latin America.
In addition, we have covered following major countries in each regional market:
- North America
- U.S.
- Rest of North America
- Europe
- U.K.
- Germany
- France
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australasia
- Rest of Asia Pacific
- Rest of the World
- Latin America
- Middle East and Africa
The automotive, industrial manufacturing and construction sectors in North America witnessed a gradual slow down due to bleak market conditions prevailing during economic recession. However, with financial markets showing stability, these sectors are poised to regain their original growth levels. This, in turn will have a positive impact on the overall output and subsequent demand for quality inspection equipment in the region.
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Table of Contents
Chapter 1 Preface
Chapter 2 Executive Summary
Chapter 3 Market Dynamics
Chapter 4 X-ray Non-Destructive Testing Equipment Market Analysis, by Application
Chapter 5 North America X-ray Non Destructive Testing Equipment Market Analysis
Chapter 6 Europe X-ray Non Destructive Testing Equipment Market Analysis
Chapter 7 Asia Pacific X-ray Non-Destructive Testing Equipment Market Analysis
Chapter 8 Rest of World X-ray Non Destructive Testing Equipment Market Analysis
Chapter 9 Company Profiles
Companies Mentioned
- YXLON International GmbH
- Rigaku Corporation
- Teledyne DALSA Inc.
- COMET Group Limited
- GE Inspection Technologies
- LP
- MISTRAS Group Inc.
- Nikon Metrology NV.
