Global Industrial Computed Tomography Market

Industrial Computed Tomography Market Size, Share, Growth Analysis, By Offering(Equipment and Services), By Type(High-voltage CT, Micro CT, and Others), By Scanning Technique(Fan-beam CT, Cone-beam CT, and Other), By Application(Flaw Detection & Inspection, Failure Analysis, Assembly Analysis, Dimensioning & Tolerancing Analysis), By Vertical(Oil & Gas, Aerospace & Defense, Automotive, Electronics), By Region - Industry Forecast 2024-2031

Report ID: SQMIG15E2411 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 95 | Figures: 66

Industrial Computed Tomography Market News

  • In March 2021, ZEISS unveiled the ZEISS Xradia CrystalCT micro-computed tomography (microCT) system. This advanced technology facilitates three-dimensional crystallographic imaging of various polycrystalline materials. It finds applications across diverse sectors, including metal and alloy analysis, additive manufacturing, ceramics, and pharmaceutical studies, serving both industrial and academic laboratories.
  • In December of 2020, Waygate Technologies introduced a groundbreaking high-energy Computed Tomography (CT) system called Phoenix Power|scan HE. This innovative system stands out with an impressive energy level of 9 mega electron volts (MeV), signifying a significant advancement of 20 times in penetration energy in comparison to the conventional 450 kilo electron volts (keV) standard. The Phoenix Power|scan HE system's augmented energy capacity enables exceptional precision in scanning and measuring internal characteristics within crucial high-density components and assemblies. Noteworthy is its capability to accommodate considerably large components, boasting dimensions of up to 2 meters in diameter and height, and a maximum weight capacity of 1000 kg. For streamlined handling and loading, the system comes equipped with an integrated crane mechanism.
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Industrial Computed Tomography Market size was valued at USD 339.52 million in 2021 and is poised to grow from USD 360.23 million in 2022 to USD 578.50 million by 2030, growing at a CAGR of 6% in the forecast period (2023-2030).

The market for industrial CT equipment and services is moderately consolidated and expected to face high competition due to the presence of numerous providers. Prominent players in the market are adopting innovative strategies and focusing on product development to gain a competitive advantage. For instance, in May 2022, Shimadzu Corporation, based in Japan, introduced the XSeeker 8000, a compact and lightweight X-ray CT system capable of producing images of various samples, including aluminum die-cast and resin-molded parts. Through this product launch, the company aimed to enhance its offerings and meet the evolving needs of its customers. 'Nikon Metrology NV', 'OMRON Corp.', 'Baker Hughes Company', 'YXLON International', 'ZEISS Group', 'VJ Group', 'Rigaku Corp.', 'Shimadzu Corp.', 'Werth, Inc.', 'North Star Imaging, Inc.'

The increasing use of additive manufacturing in various industries is driving the demand for industrial computed tomography. CT scanning enables non-destructive testing and validation of complex 3D printed parts.

Increased Applications in Research and Development:: The industrial CT market is expanding its applications in research and development activities. CT scanning is being used to study and analyze materials, components, and prototypes during the product development phase. This enables manufacturers to identify flaws, optimize designs, and improve product performance, ultimately reducing time-to-market and development costs.

In 2022, Asia Pacific emerged as the dominant region in the industrial CT market, holding a revenue share of 33.6%. It is projected to experience the fastest CAGR of 8.2% throughout the forecast period. The region boasts prominent market players like Nikon Corporation, OMRON Corporation, and Shimadzu Corporation, and benefits from high manufacturing activities in countries such as China, Japan, and India. The significant share in global Manufacturing Value Added (MVA) held by Asia & Oceania, as reported by United Nations Industrial Development Organization (UNIDO), further drives market growth in the region.

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Global Industrial Computed Tomography Market

Report ID: SQMIG15E2411

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