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X-ray Inspection System Market By Imaging Technique (Film-Based Imaging and Digital Imaging [Computed Tomography, Computed Radiography, and Direct Radiography]), Dimension (2D and 3D), and Industry Vertical (Manufacturing, Oil & Gas, Aerospace, Automotive, Government Infrastructure, Power Generation, Food & Pharmaceuticals, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027

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Aug 2021 | 741 Views
   
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COVID-19

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X-ray Inspection System Market Outlook – 2027 

An X-ray inspection is a non-destructive inspection process that uses radiography and is primarily used for detection of CUI (corrosion under insulation). These inspection techniques cover a wide range of sectors from inspection of cracks in materials to detection of external matter into materials, such as automotive, food, and pharmaceuticals. 

Increased use of minute goods and their integration in the electronics industry involves quality inspection with the help of X-ray inspection systems, which can locate hidden defects. The scan can reveal variations in density caused by corrosion, welds, wet insulation, blockages, and other density changes with no need for costly insulation removal.

The global X-ray inspection system market is segmented on the basis of imaging technique, dimension, industry vertical, and region. Based on imaging technique, the X-ray inspection system market is bifurcated into film-based imaging and digital imaging. The digital imaging segment is further divided into computed tomography, computed radiography, and direct radiography. 

In terms of dimension, the market is categorized into 2D and 3D. On the basis of industry vertical, the market is divided into manufacturing, oil & gas, aerospace, automotive, government infrastructure, power generation, food & pharmaceuticals, and others. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).

Key players operating in the global X-ray inspection system industry include North Star Imaging Inc. (US), Nikon Metrology NV (Belgium), Nordson DAGE (UK), YXLON International GmbH (Germany), VJ Group Inc. (US), 3DX-RAY Ltd. (UK), VisiConsult X-ray Systems & Solutions GmbH (Germany), Smiths Detection Inc. (UK), Mettler-Toledo International Inc. (Switzerland), and General Electric Co. (US). These companies have adopted several strategies such as product launches, partnerships, collaborations, mergers & acquisitions, and joint ventures to strengthen their foothold in the global X-ray inspection system market. 

Top Impacting Factors

The global X-ray inspection systems experienced a rapid growth in recent years. Growth is driven by adoption of technology in the food and pharmaceutical industry, driving the market is the aviation sector and the demand for technologically advanced systems. Increasing customer awareness raising the bar on safety and quality standards acts as a driver of X-ray inspection system market growth. 

The risk of exposure to radiation and high device costs serve as a constraint for the overall demand for X-ray inspection systems. While the X-ray inspection systems offer an assured return on investment for the reliability of complex equipment, the cost of installation of these systems for certain minors in the industry is actually beyond limit. The end users perceive it as a burden on the company's investments and thus prefer inspection services from third parties. 

3D X-ray Inspection System Market to Grow at the Highest CAGR during the Forecast Period

The market for 3D X-ray inspection systems is projected to grow at a higher CAGR during the forecast period. The growth of the X-ray inspection system market can be attributed to the use in a wide range of industries of 3D X-ray inspection systems, from semiconductors to automotive manufacturing, and their vital role in quality control. These systems also enable manufacturers to diagnose problems such as metal bridges, foreign materials and building defects in 3D planes.

The Oil and Gas Industry Holds the Largest Share of the Market

The oil and gas industry holds a prominent share of the market for X-ray inspection systems. X-ray inspection systems in both downstream and upstream portions of oil and gas fields are commonly used. X-ray inspection systems are highly efficient in providing solutions for inspection of pressure vessels, pipes, boilers, and valves, which, in turn, drives growth of the market.

Asia-Pacific to Grow at the Highest CAGR during the Forecast Period

The demand for X-ray inspection system market in Asia-Pacific is projected to rise at the highest CAGR during the forecast period. This growth is due to continued demand from oil and gas for fast-processing and cost-effective X-ray inspection systems, and vertical power generation.

Key Benefits of the Report

  • This study presents the analytical depiction of the global X-ray inspection system market forecast along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global X-ray inspection system market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global X-ray inspection system market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed global X-ray inspection system market analysis based on competitive intensity and how the competition will take shape in coming years. 

Market Scope and Structure Analysis

Report Metric

Details

Market Size Available For Years

2020–2027

Base Year Considered

2019

Forecast Period

2020–2027

Forecast Units

Value (USD)

Segments Covered

Imaging Technique, Dimension, Industry Vertical, and Region

Regions Covered

North America (Canada, Mexico, and U.S.), Europe (France, Germany, UK, and Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and Rest of Asia-Pacific), and LAMEA (Africa, Latin America, and Middle East)

Companies Covered

North Star Imaging Inc. (US), Nikon Metrology NV (Belgium), Nordson DAGE (UK), YXLON International GmbH (Germany), VJ Group Inc. (US), 3DX-RAY Ltd. (UK), VisiConsult X-ray Systems & Solutions GmbH (Germany), Smiths Detection Inc. (UK), Mettler-Toledo International Inc. (Switzerland), and General Electric Co. (US)

 

COVID-19 Scenario Analysis

  • Global market has been significantly impacted by the COVID-19 outbreak. New projects throughout the world have stalled, which, in turn, have led to decline in demand for analog semiconductors. 
  • Global factories have struggled to integrate new X-ray inspection systems as workers have stayed in their homes, which disrupted the global supply chains. 
  • The impact of COVID-19 on this market is temporary as just the production and supply chain is stalled. Once the situation improves, production, supply chains, and demand for X-ray inspection systems are gradually going to increase.  
  • This COVID-19 lockdown would help companies think about more advanced X-ray inspection systems to enhance efficiency.

X-ray Inspection System Market Key Segments  

Segments

Sub-Segments

Imaging Technique

  • Film-Based Imaging
  • Digital Imaging
  • Computed Tomography,
  • Computed Radiography
  • Direct Radiography

Dimension

  • 2D
  • 3D

Industry Vertical

  • Manufacturing
  • Oil and Gas
  • Aerospace
  • Automotive
  • Government Infrastructure
  • Power Generation
  • Food and Pharmaceuticals
  • Others

 

Questions Answered in the X-ray Inspection System Market Research Report

  • Which are the leading market players active in the X-ray inspection system market?
  • What would be the detailed impact of COVID-19 on the X-ray inspection system market size?
  • How current X-ray inspection system market trends would influence the industry in the next few years?
  • What are the driving factors, restraints, and opportunities in the X-ray inspection system market?
  • What are the projections for the future that would help in taking further strategic steps?
 
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