Meticulous Research®—a leading global market research company, published a research report titled “Industrial X-ray Inspection System Market by Component (Hardware, Software), Imaging Technique (Digital, Film-Based), Dimension (2D X-ray Systems, 3D X-ray), Vertical (Electronics & Semiconductors, Oil & Gas), and Geography — Global Forecasts to 2028.”
The industrial X-ray inspection system market is expected to grow at a CAGR of 10.3% by value from 2021 to reach $1.03 billion by 2028. Stringent government regulations regarding the safety of assets, increasing consumer awareness regarding quality standards, and rising security concerns in strategic infrastructure installations are the factors driving the growth of the industrial X-ray inspection systems market.
Increasing automation in digital X-ray inspection systems, miniaturization of X-ray inspection systems for higher mobility, and increase in user-friendly interfaces due to technological advancements are projected to provide significant growth opportunities for vendors operating in this market.
However, the availability of substitute technologies and high equipment and maintenance costs are expected to restrain the growth of this market to some extent. Additionally, the lack of qualified personnel poses a major challenge for the growth of the industrial X-ray inspection systems market.
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Based on components, the industrial X-ray inspection system market is segmented into hardware, software, support services, and consumables. The hardware segment is estimated to account for the largest share of the industrial X-ray inspection systems market in 2021. The large market share of this segment is attributed to the increasing demand for high-quality X-ray detecting solutions and technological advancements.
Based on imaging techniques, the industrial X-ray inspection system market is segmented into digital imaging and film-based imaging. The digital imaging segment is estimated to account for the largest share of the industrial X-ray inspection systems market in 2021. The large market share of this segment is attributed to factors such as digitalization, rising industrial automation, and rising quality and safety standards. Additionally, this segment is expected to register the highest CAGR throughout the forecast period.
Based on type, the digital imaging market is segmented into direct radiography, computed radiography, and computed tomography. The direct radiography segment is estimated to account for the largest market share in 2021. Effective dynamic range, high contrast detectability, accurate image capture, less radiation exposure, high flexibility, and lower operational costs are the factors attributed to the large market share of this segment. These features contribute to the adoption of direct radiography in various industries.
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Based on dimensions, the industrial X-ray inspection system market is segmented into 2D X-ray systems and 3D X-ray systems. The 2D X-ray system is estimated to account for the largest market share in 2021. The dominant position of this segment is attributed to its use in various automotive, aerospace, defense, and manufacturing industries to detect defects or faults in the final products. The increasing adoption of 2D X-ray systems across these industries drives the growth of this segment.
Based on the vertical, the industrial X-ray inspection system market is segmented into electronics and semiconductors, aerospace, automotive, public infrastructure, power generation, oil & gas, food & beverages, manufacturing, and other verticals. Among these verticals, the electronics and semiconductors segment is estimated to account for the largest market share in 2021. The large market share of this segment is attributed to the rising usage of X-ray inspection for 3D packaging in electronics and integration of X-ray inspection in non-destructive testing of components, PCB assemblies, and solder joints. Additionally, this segment is slated to register the highest CAGR during the forecast period.
Based on geography, this market is segmented into five major regions: North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America is estimated to account for the largest share of the industrial X-ray inspection systems market in 2021. The large market share of this region is attributed to the rising demand for industrial X-ray systems in the oil & gas industry.
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North America is followed by Asia-Pacific and Europe in terms of revenue share. Asia-Pacific is expected to register the highest CAGR during the forecast period.
The COVID-19 pandemic had a massive negative impact on the industrial X-ray inspection systems market in North America. Major oil & gas companies in the region decreased their investments in inspection-related activities due to low production and depressed oil prices.
Key Players
The key players operating in the industrial X-ray inspection system market are North Star Imaging Inc. (U.S.), Nikon Metrology, Inc. (U.S.), Nordson Corporation (U.S.), YXLON International GmbH (Germany), VJ Group, Inc. (U.S.), 3DX-RAY Ltd (U.K.), Visiconsult GmbH (Germany), Smiths Detection Group Ltd. (U.K.), Mettler Toledo International Inc. (U.S.), Maha X-ray Equipment Private Limited (India), Baker Hughes Company (U.S.), Ishida Co., Ltd. (Japan), Carl Zeiss AG (Germany), Ametek, Inc. (U.S.), and Thermo Fisher Scientific Inc. (U.S.).
Key Questions Answered in the Report-
• Which are the high-growth market segments in terms of components, imaging techniques, dimensions, vertical, and geography?
• What is the historical market size for the industrial X-ray inspection systems market?
• What are the market forecasts and estimates for the period 2021–2028?
• What are the major drivers, restraints, opportunities, and challenges in the industrial X-ray inspection systems market?
• Who are the major players in the market, and what shares of the market do they hold?
• How is the competitive landscape for the industrial X-ray inspection system market?
• What are the recent developments in the industrial X-ray inspection system market?
• What are the different strategies adopted by the major players in the market?
• What are the key geographic trends, and which are the high-growth countries?
• Who are the local emerging players in the industrial X-ray inspection system market, and how do they compete with the other players?

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