USD 142.10 Billion
Industrial Radiography Market Size, Share, Growth Analysis, By Technology(Film-based radiography and Digital radiography), By Type(X-rays and Gamma rays), By End-user(Automotive, Consumer electronics, Oil & gas, Aerospace & defense), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG35A2797 |
Region:
Global |
Published Date: April, 2024
Pages:
219
|Tables:
90
|Figures:
69
Industrial Radiography Market Insights
Industrial Radiography Market size was valued at USD 152.33 Billion in 2023 and is poised to grow from USD 163.3 Billion in 2024 to USD 284.8 Billion by 2032, growing at a CAGR of 7.20% during the forecast period (2025-2032).
The burgeoning demand for superior-quality and cost-effective goods is poised to expand the scope of applications within the industrial radiography market across various sectors. Industries such as petrochemical and gas, manufacturing, automotive and transportation, aerospace, and power generation are anticipated to witness a wide array of applications for industrial radiography.
This surge in usage is attributed to the stringent safety standards mandated by governments worldwide, along with the increasing focus on preventive maintenance of industrial equipment. Particularly within the aerospace and automotive sectors, the emphasis on adherence to safety standards and the implementation of preventive maintenance protocols have led to a heightened demand for industrial radiography. This growing demand, fueled by safety-driven initiatives and quality assurance requirements, is a significant driver propelling the revenue growth within the industrial radiography market.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Gamma rays
Fastest Growth
Growth Rate
7.20% CAGR
Global Industrial Radiography Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Industrial Radiography Market Segmental Analysis
The global Industrial Radiography market is segmented into various segments. The Industrial Radiography Market segmentation, based on technology, includes film-based radiography and digital radiography. The global industrial radiation market segmentation, based on type, includes X-rays and Gamma rays. The Industrial Radiography Market segmentation, based on end-user, includes automotive, consumer electronics, oil & gas, aerospace & defense, manufacturing, power generation, and others. Based on region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa.
Analysis by End-User
The oil and gas sector emerged as a leading revenue generator within the industrial radiography market, largely attributed to its increasing utilization for monitoring pipelines and refining equipment, specifically for the measurement and detection of internal corrosion. Within the oil and gas industry, a strategic emphasis is placed on leveraging industrial radiography solutions for efficient monitoring of oil spills or leaks, a critical aspect of ensuring operational safety and integrity.
The manufacturing segment plays a pivotal role in propelling the industrial radiography market forward. Industrial radiography techniques are extensively integrated into the manufacturing sector to ensure the quality, integrity, and safety of produced components and products. Within manufacturing, industrial radiography serves as a critical quality control tool, facilitating the detection of defects, flaws, or irregularities in materials, welds, or assembled parts.
Analysis by Type
The X-rays segment has emerged as a primary income generator within the industrial radiography market, driven by a series of influential factors. Continuous technological advancements, heightened product development initiatives, and increased government funding and investment have collectively contributed to the ascendancy of this segment. Market players are directing their focus towards the relentless innovation and enhancement of X-ray units, fostering a surge in the adoption of this particular segment.
The Gamma rays segment plays a crucial role within the industrial radiography market, offering unique advantages and applications. Despite a relatively smaller share compared to X-rays, Gamma rays hold significance due to their distinct penetration capabilities. These rays possess higher energy levels, enabling them to penetrate denser materials effectively, making them particularly valuable in certain industrial settings.
Global Industrial Radiography Market By Type
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Industrial Radiography Market Regional Insights
Asia-Pacific is poised to assert dominance within the Industrial Radiography market, primarily fueled by stringent government regulations prioritizing safety standards. These regulations have significantly escalated the demand for industrial radiography equipment across diverse industries within the region. Moreover, the rapid pace of technological advancements coupled with manufacturers' heightened focus on Research and Development initiatives further propels market expansion in this area.
The industrial radiography market in North America is forecasted to witness the most rapid CAGR from 2023 to 2030, primarily propelled by burgeoning developments within the automotive, aerospace, manufacturing, and oil sectors. These industries extensively rely on industrial radiography techniques for critical functions like maintenance, thorough inspection, and precise dimensional measurement of components and structures.
Global Industrial Radiography Market By Region
- Largest
- Fastest
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Industrial Radiography Market Dynamics
Drivers
Nondestructive Testing Expected to Boost Growth
- The CAGR of the industrial radiography market is propelled by a confluence of factors, primarily the escalating demand for enhanced productivity and efficiency within manufacturing units. Industrial radiography plays a pivotal role by providing a means to permanently record vital information about substances or objects, ultimately bolstering overall operational efficiency. This heightened demand stems from manufacturing units striving for enhanced productivity while aligning with the growing adoption of advanced testing technologies by key sectors like automotive, aerospace, and defense manufacturing.
Restraints
Rising Safety Concerns and Regulatory Compliance
- While industrial radiography presents a robust array of benefits, it also encounters certain constraints that influence its market growth. One significant restraint revolves around safety concerns and regulatory compliance. The utilization of radiation-based techniques necessitates stringent adherence to safety protocols and regulatory standards, adding complexity and cost to operations. Additionally, the inherent limitation of industrial radiography in assessing certain materials or structures that possess high density or thickness can impede its efficacy.
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Industrial Radiography Market Competitive Landscape
The competitive environment of the Global Industrial Radiography Market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Leading brands invest in research and development to introduce new flavors, packaging formats, and health-focused variations to cater to changing consumer preferences. They often set the trends in the industry.
Top Player’s Company Profiles
- Durr NDT GmbH & Co. KG
- Intertek Group Plc
- Mistras Group, Inc.
- TWI Group, Inc.
- OR Technology
- Vidisco Ltd.
- General Electric Corporation
- Applus Services SA
- Canon Inc
- NOVO DR Ltd.
- Koninklijke Philips N.V.
- Fujifilm Corporation
- Stanley Inspection
Recent Developments
- In July 2023, Canon Inc. launched the Zexirai9 digital X-ray RF system, a multi-purpose fluoroscopic table with many new functions and a compact design. Zexirai9 is a new digital X-ray RF system equipped with Canon's flat panel detector (FPD) and newly developed image processing technology. The system has been developed in consultation with medical staff, referring physicians, and engineers.
- In May 2023 Nikon Metrology announced the launch of its next-generation family of X-ray computed tomography (CT) inspection systems called VOXLS (VOlumemetricX-ray Leading Solutions). It is designed for diverse inspection needs across automotive, aerospace, and academia industries - and likely for use on composite structures - the VOXLS family includes the large-volume VOXLS 40 C 450 available now and four medium-sized models coming later this year.
- In March 2023, Fujifilm Medical Systems USA make the official release of the Fujifilm FCR Vixera G300D. This revolutionary digital radiography system delivers high-quality pictures, quick acquisition rates, and enhanced workflow productivity. G300D, a revolutionary digital radiography system that delivers high-quality pictures, quick acquisition rates, and enhanced workflow productivity.
Industrial Radiography Key Market Trends
- The global industrial radiography market is propelled by several key factors that collectively contribute to its growth trajectory. Foremost among these factors are the stringent safety regulations mandated by governments, emphasizing industrial safety and product quality. These regulations drive the widespread adoption of industrial radiography as a vital tool for ensuring compliance and upholding stringent safety standards across various industries. Moreover, robust demand within the automotive and aerospace sectors further fuels market expansion. These industries heavily rely on industrial radiography for critical functions such as inspection, maintenance, and quality assurance, bolstering the market's growth.
Industrial Radiography Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
Industrial radiography stands as a pivotal technique employed for the meticulous inspection of materials, aiming to detect internal flaws by employing short wavelength electromagnetic radiation. This non-destructive testing method is instrumental in identifying defects that remain invisible to the naked eye, offering unparalleled insights into the structural integrity of various materials. Widely utilized in manufacturing plants, industrial radiography plays a crucial role in flaw detection, precisely pinpointing cracks, imperfections, and surface irregularities within products.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 142.10 Billion |
| Market size value in 2031 | USD 265.67 Billion |
| Growth Rate | 7.20% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Industrial Radiography Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Industrial Radiography Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Industrial Radiography Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Industrial Radiography Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Industrial Radiography Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Industrial Radiography Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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