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The Asia-Pacific industrial computed radiography market is estimated to reach $19.30 million by 2033 from $13.50 million in 2022, at a growth rate of 3.49% during the forecast period 2023-2033. The market for industrial computed radiography systems is expanding rapidly due to the increasing need for non-destructive testing (NDT) solutions, technical breakthroughs, the shift to digital imaging, and the growing focus on sustainability. The market is anticipated to keep growing in the upcoming years due to ongoing developments and possible applications in developing industries. This report comes with 10% free customization, enabling you to add data that meets your specific business needs.
Market Introduction
The industrial computed radiography market in the Asia-Pacific region is expanding steadily, which is encouraging partnerships and investments in computed radiography technology. Nonetheless, the industry confronts some difficulties, such as a lack of qualified personnel to carry out non-destructive testing using computed radiography equipment. Moreover, the development of industrial computed radiography systems is being impacted by the growing use of digital radiography systems, which have the ability to visualize images in real time and automatically identify defects.The unique requirements of sectors like aerospace and oil and gas, which call for small, portable radiography equipment that can visualize images in real time even in offshore settings, provide additional difficulties. These sectors require effective flaw correction. Consequently, industrial computed radiography system makers and non-destructive testing service providers are increasingly moving away from computed radiography.
These elements influence the Asia-Pacific industrial computed radiography market, where the need for sophisticated non-destructive testing methods spurs technological innovation and digital technology adoption. It is anticipated that the market will keep changing to satisfy industry-specific needs and get over obstacles with skilled personnel and technology improvements.
Market Segmentation
Segmentation 1: by Application
- Aerospace and Defense
- Automotive
- Oil and Gas
- Power and Energy
- Security
- Explosive Ordnance Disposal and Improvised Explosive Device
- Electronics and Semiconductors
- Food and Drugs
- Transportation Infrastructure
- Construction
- Marine
- Manufacturing
- Heavy Industries
- Others
Segmentation 2: by Component
- Imaging Plates
- Computed Radiography Reader (Digitizer)
- Review Station with Acquisition Software
Segmentation 3: by Region
- Asia-Pacific - China, Japan, India, and Rest-of-Asia-Pacific
How can this report add value to an organization?
Platform/Innovation Strategy: The product segment helps the reader understand the various component that is integrated with industrial computed radiography to conduct safe, secure, and efficient non-destructive testing. Moreover, the study provides the reader with a detailed understanding of the components, such as imaging plates and computed radiography readers. In addition, it provides a detailed understanding of the acquisition software that the review station uses to review the images captured by the imaging plates.Growth/Marketing Strategy: The Asia-Pacific industrial computed radiography market has seen major development activities by key players operating in the market, such as business expansion activities, contracts, mergers, partnerships, collaborations, and joint ventures. The favored strategy for the companies has been contracted to strengthen their position in the industrial computed radiography market.
Competitive Strategy: Key players in the Asia-Pacific industrial computed radiography market analyzed and profiled in the study involve industrial computed radiography manufacturers that offer docking systems and enabling capabilities. Moreover, a detailed competitive benchmarking of the players operating in the Asia-Pacific industrial computed radiography market offers various solutions to conduct non-destructive testing efficiently through portable computed radiography systems. Additionally, comprehensive competitive strategies such as contracts, partnerships, agreements, acquisitions, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.
Key Market Players and Competition Synopsis
The companies that are profiled have been selected based on inputs gathered from primary experts and analysis of the company's coverage, product portfolio, and market penetration.Some of the prominent companies in this market are:
- MQS Technologies Pvt. Ltd.
- Rigaku Corporation
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Table of Contents
1 Markets
2 Region
3 Markets - Competitive Benchmarking & Company Profiles
4 Research Methodology
List of Figures
List of Tables
Executive Summary
The Asia-Pacific industrial computed radiography market is estimated to reach $19.30 million by 2033, reveals the premium market intelligence study. The study also highlights that the market is set to witness a CAGR of 3.49% during the forecast period 2023-2033.Asia-Pacific region comprises several manufacturing industries, such as automotive, aerospace, oil and gas, marine, and defense, which drives the demand for computed radiography solutions. In addition, Asia-Pacific has been considered hub for electronics and semiconductor manufacturing, which drives the demand for computed radiography solutions.
USPs of report
- Analysis of business drivers and challenges of the Asia-Pacific Industrial Computed Radiography Market
- Detailed analysis of Industrial Computed Radiography Market for Japan, China, and India
Analyst’s Perspective on Industrial Computed Radiography Market
The Principal Analyst states, 'The NDT domain is going through a growth phase as new testing requirements are evolving across applications. While testing methods are migrating to digital versions in certain use cases, the customers are also looking to expand their NDT service procurement to support the growing demand at their end. The industrial computed radiography market is going through a large-scale digital transformation, with very few use cases continuing to use the legacy version of the technology. Migration to digital versions of industrial computed radiography has opened up new opportunity areas for NDT service providers and system suppliers. It is imperative for industrial CR system suppliers to understand the state of migration to digital versions and the evolving need for legacy systems across applications. This study presents both quantitative and qualitative analysis in this regard and will benefit those who wish to understand the state of the market along with evolving opportunities in the industrial computed radiography market.'Some of the prominent companies in this market are:
- MQS Technologies Pvt. Ltd.
- Rigaku Corporation
Key Questions Answered in the Report
- What are the major market drivers, challenges, and opportunities in the Asia-Pacific industrial computed radiography market?
- How is the market expected to grow during the forecast period 2023-2033?
- What are the key developmental strategies implemented by the key players to sustain in this highly competitive market?
- What is the current and future revenue scenario of the Asia-Pacific industrial computed radiography market?
Companies Mentioned
- MQS Technologies Pvt. Ltd.
- Rigaku Corporation
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 96 |
Published | December 2023 |
Forecast Period | 2023 - 2033 |
Estimated Market Value ( USD | $ 13.7 Million |
Forecasted Market Value ( USD | $ 19.3 Million |
Compound Annual Growth Rate | 3.4% |
Regions Covered | Asia Pacific |
No. of Companies Mentioned | 2 |