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NDT.net Issue - 2016-01 - NEWS

Industrial Radiography Market worth 539.0 Million USD by 2020


MarketsandMarkets17, Pune, MH [India]
NEWS  
NDT.net Journal
Issue: 2016-01
According to a new market research report “Industrial Radiography Market by Imaging Technique (Film-Based and Digital), Industry (Petrochemical and Gas, Power Generation, Manufacturing, Aerospace, and Automotive and Transportation), and Geography - Global Analysis and Forecast to 2020”, the global industrial radiography market is expected to grow at a CAGR of 8.2% between 2015 and 2020 and reach USD 539.0 Million by 2020.

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The increasing adoption of modern industrial radiography techniques in the automotive and aerospace industry has helped to improve the productivity of manufacturing plants while reducing the wastage significantly. The automotive and transportation application currently dominates the overall industrial radiography market. Industrial radiography has become one of the important tools for automotive manufacturers to engineer products of high quality with tighter tolerances, while also providing them a way to inspect the products during the production.

Key players in the industrial radiography market are:

    3DX-RAY LTD. (U.K.),
    Anritsu Corporation (Japan),
    Bosello High Technology srl (Italy),
    PerkinElmer, Inc. (U.S.),
    General Electric (U.S.),
    FujiFilm Holdings Corporation (Japan),
    Nikon Corporation (Japan),
    Shimadzu Corporation (Japan),
    Mettler-Toledo International Inc. (Switzerland), COMET Holding AG (Switzerland).

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The report covers all the aspects of the industrial radiography market, namely, opportunities, drivers, and restraints in detail. In this report, the overall market has been divided into three major segments, namely, imaging techniques, application industries, and geography. The market is segmented On the basis of imaging techniques into film-based radiography and digital radiography. Digital radiography is further segmented into computed tomography, computed radiography, and direct radiography. The application industries include petrochemical and gas, power generation, manufacturing, aerospace, automotive and transportation, and others. The increasing demand for industrial radiography in the petrochemical and gas industry is driving this market and it is expected to grow at a high CAGR of 9.1% during the forecasted period.

The geographical split of the industrial radiography market has been included in the report. The overall market has been divided into four major geographical regions, namely, the Americas, Europe, Asia-Pacific, and Rest of the World, including the Middle East and Africa. Of these, the Americas led the industrial radiography market in 2014 and its dominance is expected to continue during the forecast period. The APAC market is expected to have an increasing demand for industrial radiography during the forecast period.

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