Industrial X-ray involves the utilization of X-rays for the examination and assessment of materials and products across diverse industries. This technique facilitates non-destructive testing (NDT), enabling the detection of defects, inconsistencies, or internal structures without causing harm to the inspected item. Its applications span several sectors, including manufacturing, automotive, aerospace, electronics, and healthcare.
The primary product categories in industrial X-ray include X-ray instruments, X-ray consumables, and X-ray services. X-ray instruments encompass devices employed to generate and regulate X-rays for a range of industrial purposes, such as inspecting and testing materials and products for defects or ensuring quality assurance. Imaging techniques employed include digital radiography and film-based radiography, utilizing microfocus X-ray, high-energy X-ray, and other variants. These instruments find application in sectors such as aerospace, defense, power generation, automotive, manufacturing, food and beverage industries, among others. Distribution occurs through direct and indirect channels.
The industrial X-ray market research report is one of a series of new reports that provides industrial X-ray market statistics, including industrial X-ray industry global market size, regional shares, competitors with a industrial X-ray market share, detailed industrial X-ray market segments, market trends and opportunities, and any further data you may need to thrive in the industrial X-ray industry. This industrial X-ray market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The industrial X-ray market size has grown strongly in recent years. It will grow from $2.79 billion in 2023 to $2.99 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The expansion observed in the historical period can be linked to the adoption of X-ray technologies in the food and beverages sector, increasing demand for X-ray products, the need for point-of-care imaging, the rising demand for early-stage diagnosis of chronic diseases, and the growing utilization of X-ray systems in new applications.
The industrial X-ray market size is expected to see strong growth in the next few years. It will grow to $3.99 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to the increasing demand for advanced medical imaging systems, heightened awareness of the benefits of digital X-ray imaging, efforts towards enhancing patient-centric healthcare systems, greater investments in healthcare infrastructure, and the expanding adoption of digital radiography technology. Key trends expected in the forecast period include technological advancements, the expansion of X-ray systems, innovations in product development, strategic partnerships and collaborations among industry peers, and the integration of X-ray systems with robotics and automation.
The industrial X-ray market is poised for growth, driven by the expanding food and beverage sector. This industry encompasses various activities such as production, processing, distribution, and sales of edible goods and non-alcoholic beverages. Factors such as evolving consumer preferences, population growth, globalization, and technological advancements fuel the expansion of the food and beverage sector. Within this context, industrial X-rays play a crucial role in quality control, detecting foreign objects, and ensuring product safety without causing damage. For example, data from the Australian Bureau of Statistics in March 2022 revealed that supermarkets, grocery stores, convenience stores, specialty food stores, and fresh food markets collectively sold 14.7 million metric tons of food and non-alcoholic beverages during the 2020-21 period. This marked a 1.4% increase compared to the previous 12 months, highlighting the growth trajectory of the food and beverage sector and its impact on the industrial X-ray market.
Leading companies in the industrial X-ray market are focusing on innovation to stay competitive. One area of innovation is the development of advanced products such as industrial X-ray diffractometers, which are used for identifying and characterizing the crystalline structure of materials. For instance, Rigaku Corporation, a Japan-based manufacturer of X-ray analysis and inspection equipment, introduced the XSPA-400 ER Detector in October 2022. This new addition to their product lineup offers improved resolution and sensitivity, thanks to its high-performance silicon drift detector (SDD). This enhancement enables users to obtain more accurate and reliable data across a wide range of X-ray diffraction applications.
In February 2024, Pinnacle X-Ray Solutions LLC., a US-based provider of imaging equipment services, completed the acquisition of Willick Engineering Co. Inc. This strategic move aims to strengthen their capacity and presence on the West Coast by leveraging Willick's strong customer service reputation and diverse customer base. Willick Engineering Co. Inc., also based in the US, specializes in providing non-destructive testing (NDT) X-ray equipment and related services to industries such as military, aerospace, and medical devices.
Major companies operating in the industrial X-ray market are Hitachi Ltd., Siemens AG, General Electric Company, Fujifilm Holdings Corporation, Rolls-Royce Holdings plc, BAE Systems, Mettler-Toledo International Inc., Varian Medical Systems Inc., PerkinElmer Inc., Bruker Corporation, Agfa-Gevaert Group, ZEISS Group, Carestream Health, Varex Imaging, Comet Group, Rigaku Corporation, CANON MEDICAL SYSTEMS CORPORATION, Gulmay, Metrix NDT, Krystalvision Image Systems Pvt. Ltd., Vision Medicaid Equipment Private Limited, X-Innovations Technologies Ltd, Lucky Healthcare Co. Ltd., PROTEC GmbH & Co. KG.
North America was the largest region in the industrial X-ray market in 2023. The regions covered in the industrial X-ray market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the industrial X-ray market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The industrial X-ray market consists of revenues earned by entities by providing services such as computed tomography scanners, X-ray inspection and testing services, calibration and maintenance of X-ray equipment, rental and leasing of X-ray equipment, and imaging plates and films. The market value includes the value of related goods sold by the service provider or included within the service offering. The industrial X-ray market also includes sales of industrial X-ray machines, digital radiography systems, and portable X-ray devices. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The primary product categories in industrial X-ray include X-ray instruments, X-ray consumables, and X-ray services. X-ray instruments encompass devices employed to generate and regulate X-rays for a range of industrial purposes, such as inspecting and testing materials and products for defects or ensuring quality assurance. Imaging techniques employed include digital radiography and film-based radiography, utilizing microfocus X-ray, high-energy X-ray, and other variants. These instruments find application in sectors such as aerospace, defense, power generation, automotive, manufacturing, food and beverage industries, among others. Distribution occurs through direct and indirect channels.
The industrial X-ray market research report is one of a series of new reports that provides industrial X-ray market statistics, including industrial X-ray industry global market size, regional shares, competitors with a industrial X-ray market share, detailed industrial X-ray market segments, market trends and opportunities, and any further data you may need to thrive in the industrial X-ray industry. This industrial X-ray market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The industrial X-ray market size has grown strongly in recent years. It will grow from $2.79 billion in 2023 to $2.99 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The expansion observed in the historical period can be linked to the adoption of X-ray technologies in the food and beverages sector, increasing demand for X-ray products, the need for point-of-care imaging, the rising demand for early-stage diagnosis of chronic diseases, and the growing utilization of X-ray systems in new applications.
The industrial X-ray market size is expected to see strong growth in the next few years. It will grow to $3.99 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to the increasing demand for advanced medical imaging systems, heightened awareness of the benefits of digital X-ray imaging, efforts towards enhancing patient-centric healthcare systems, greater investments in healthcare infrastructure, and the expanding adoption of digital radiography technology. Key trends expected in the forecast period include technological advancements, the expansion of X-ray systems, innovations in product development, strategic partnerships and collaborations among industry peers, and the integration of X-ray systems with robotics and automation.
The industrial X-ray market is poised for growth, driven by the expanding food and beverage sector. This industry encompasses various activities such as production, processing, distribution, and sales of edible goods and non-alcoholic beverages. Factors such as evolving consumer preferences, population growth, globalization, and technological advancements fuel the expansion of the food and beverage sector. Within this context, industrial X-rays play a crucial role in quality control, detecting foreign objects, and ensuring product safety without causing damage. For example, data from the Australian Bureau of Statistics in March 2022 revealed that supermarkets, grocery stores, convenience stores, specialty food stores, and fresh food markets collectively sold 14.7 million metric tons of food and non-alcoholic beverages during the 2020-21 period. This marked a 1.4% increase compared to the previous 12 months, highlighting the growth trajectory of the food and beverage sector and its impact on the industrial X-ray market.
Leading companies in the industrial X-ray market are focusing on innovation to stay competitive. One area of innovation is the development of advanced products such as industrial X-ray diffractometers, which are used for identifying and characterizing the crystalline structure of materials. For instance, Rigaku Corporation, a Japan-based manufacturer of X-ray analysis and inspection equipment, introduced the XSPA-400 ER Detector in October 2022. This new addition to their product lineup offers improved resolution and sensitivity, thanks to its high-performance silicon drift detector (SDD). This enhancement enables users to obtain more accurate and reliable data across a wide range of X-ray diffraction applications.
In February 2024, Pinnacle X-Ray Solutions LLC., a US-based provider of imaging equipment services, completed the acquisition of Willick Engineering Co. Inc. This strategic move aims to strengthen their capacity and presence on the West Coast by leveraging Willick's strong customer service reputation and diverse customer base. Willick Engineering Co. Inc., also based in the US, specializes in providing non-destructive testing (NDT) X-ray equipment and related services to industries such as military, aerospace, and medical devices.
Major companies operating in the industrial X-ray market are Hitachi Ltd., Siemens AG, General Electric Company, Fujifilm Holdings Corporation, Rolls-Royce Holdings plc, BAE Systems, Mettler-Toledo International Inc., Varian Medical Systems Inc., PerkinElmer Inc., Bruker Corporation, Agfa-Gevaert Group, ZEISS Group, Carestream Health, Varex Imaging, Comet Group, Rigaku Corporation, CANON MEDICAL SYSTEMS CORPORATION, Gulmay, Metrix NDT, Krystalvision Image Systems Pvt. Ltd., Vision Medicaid Equipment Private Limited, X-Innovations Technologies Ltd, Lucky Healthcare Co. Ltd., PROTEC GmbH & Co. KG.
North America was the largest region in the industrial X-ray market in 2023. The regions covered in the industrial X-ray market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the industrial X-ray market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The industrial X-ray market consists of revenues earned by entities by providing services such as computed tomography scanners, X-ray inspection and testing services, calibration and maintenance of X-ray equipment, rental and leasing of X-ray equipment, and imaging plates and films. The market value includes the value of related goods sold by the service provider or included within the service offering. The industrial X-ray market also includes sales of industrial X-ray machines, digital radiography systems, and portable X-ray devices. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Industrial X-Ray Market Characteristics3. Industrial X-Ray Market Trends And Strategies32. Global Industrial X-Ray Market Competitive Benchmarking33. Global Industrial X-Ray Market Competitive Dashboard34. Key Mergers And Acquisitions In The Industrial X-Ray Market
4. Industrial X-Ray Market - Macro Economic Scenario
5. Global Industrial X-Ray Market Size and Growth
6. Industrial X-Ray Market Segmentation
7. Industrial X-Ray Market Regional And Country Analysis
8. Asia-Pacific Industrial X-Ray Market
9. China Industrial X-Ray Market
10. India Industrial X-Ray Market
11. Japan Industrial X-Ray Market
12. Australia Industrial X-Ray Market
13. Indonesia Industrial X-Ray Market
14. South Korea Industrial X-Ray Market
15. Western Europe Industrial X-Ray Market
16. UK Industrial X-Ray Market
17. Germany Industrial X-Ray Market
18. France Industrial X-Ray Market
19. Italy Industrial X-Ray Market
20. Spain Industrial X-Ray Market
21. Eastern Europe Industrial X-Ray Market
22. Russia Industrial X-Ray Market
23. North America Industrial X-Ray Market
24. USA Industrial X-Ray Market
25. Canada Industrial X-Ray Market
26. South America Industrial X-Ray Market
27. Brazil Industrial X-Ray Market
28. Middle East Industrial X-Ray Market
29. Africa Industrial X-Ray Market
30. Industrial X-Ray Market Competitive Landscape And Company Profiles
31. Industrial X-Ray Market Other Major And Innovative Companies
35. Industrial X-Ray Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Industrial X-Ray Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on industrial x-ray market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for industrial x-ray ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The industrial x-ray market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Product Type: X-Ray Instruments; X-Ray Consumables; X-Ray Services2) By Imaging Technique: Digital Radiography; Film-Based Radiography
3) By Range: Micro Focus X-Ray; High Energy X-Ray; Other Ranges
4) By Application: Aerospace Industries; Defense And Military; Power Generation Industry; Automotive Industry; Manufacturing Industry; Food And Beverages Industry; Other Applications
5) By Distribution Channel: Direct Channel; Indirect Channel
Key Companies Mentioned: Hitachi Ltd.; Siemens AG; General Electric Company; Fujifilm Holdings Corporation; Rolls-Royce Holdings plc
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- Hitachi Ltd.
- Siemens AG
- General Electric Company
- Fujifilm Holdings Corporation
- Rolls-Royce Holdings plc
- BAE Systems
- Mettler-Toledo International Inc.
- Varian Medical Systems Inc.
- PerkinElmer Inc.
- Bruker Corporation
- Agfa-Gevaert Group
- ZEISS Group
- Carestream Health
- Varex Imaging
- Comet Group
- Rigaku Corporation
- CANON MEDICAL SYSTEMS CORPORATION
- Gulmay
- Metrix NDT
- Krystalvision Image Systems Pvt. Ltd.
- Vision Medicaid Equipment Private Limited
- X-Innovations Technologies Ltd
- Lucky Healthcare Co. Ltd.
- PROTEC GmbH & Co. KG