Industrial Radiography Market

Industrial Radiography Market registered a revenue of USD 590 million in 2021 and is projected to reach USD 1,092 million in 2029, growing at a CAGR of 8.0% during the forecast period from 2022-2029.

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Key Industrial Radiography Market Drivers

Major factors driving the global industrial radiography market are stringent safety regulations by government related to industrial safety and product quality, high demand in automotive, and aerospace industry, advancements in software which can be incorporated into radiography systems and rising demand for computed tomography. Computed tomography is a non-destructive evaluation technique for producing 2-D and 3-D cross-sectional images of an object from X-ray images. Industrial X-ray computed tomography (XCT) started surpassing conventional co-ordinate measuring machines or laser scanners. This is attributed to multiple advantages of the technology including, capability for on-destructive testing, ability to accurately and quickly validate design requirements for both external and internal components, ability to reverse engineer enclosed components and geometries, reduction of analysis, and inspection cost, and decrease in development cost.

computer tomography technology generates opportunities in automotive and aerospace industries, as CT not only provides inspection to manufacturers, it also valuable insights in the production process. Hence, such advantages of XCT technology are gaining traction among multiple industries, which is further accelerating the growth of the market. Growing need to automate testing processes, However, high deployment cost of industrial radiography technology and risk of radiation exposure, are restricting the growth of industrial radiography market.

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Based on Imaging Technique, Digital Radiography segment is expected to grow at a faster rate attributed to high demand for direct radiography

In direct radiography, digital rays are used instead of conventional photographic films. It helps in eliminating the need for harmful image processing chemicals, and provides ability to view images immediately on a computer console. Such enhanced features of technology enhance inspection throughput which further accelerates the growth of digital radiography in the market.

Based on End-Use, Petrochemical & gas segment is estimated to expand at a robust CAGR.

Industrial radiography testing is gaining popularity in the petrochemical industry owing to its increasing use for monitoring pipelines and refining equipment for measurement of internal corrosion. In oil and gas industry companies are focussing on using industrial radiography solutions to monitor oil spill or leaks. Furthermore, usage of industrial radiography solutions are increasing in aerospace industry due to high demand for computed radiography (CR) to ensure integrity and safety of manufactured assemblies and components. Moreover, it reduces chemical waste, provides real-time quality images, allows effective interpretation and inspection, which makes it an essential component in aerospace manufacturing.

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Based on Region, Asia-Pacific region is projected to grow at the fastest rate.

Asia-Pacific industrial radiography market is propelled by surge in demand for consumer electronic devices, increasing research and development initiatives by companies and advancements in radiography techniques. Various companies in the Asia-Pacific region are increasingly adopting radiography equipment to reduce chances of failures and maintenance cost, which accelerating the market growth. North American industrial radiography market is driven by increasing development in manufacturing, automotive, aerospace, and petrochemical sectors. Industrial radiography techniques are widely used across these sectors for inspection, maintenance, and dimensional measurement. In addition, industrial radiography solutions are gaining traction in the European market due to strict government regulations for managing radiation protection. In Germany governments and companies are investing in offshore wind power projects, which will increase the usage of industrial radiography in coming years.

Top Market Players

The major players in industrial radiography market are General Electric Company, FUJIFILM Holdings Corporation, Comet Group, Mistras Group, Inc, American Testing Services Ltd, Ashtead Technology Ltd, Applied Technical Services, Inc, Nordson Corporation, TUV Rheinland Group, and North Star Imaging Inc.

Key Developments:

• • In September 2020, YXLON International, a major manufacturer of X-ray and CT system solutions announced that its computed tomography (CT) systems are compatible with VGSTUDIO MAX 2.4, which is the latest version of analysis and visualization software for industrial CT data.
  • In September 2020 Dürr AG, a leading mechanical and plant engineering company based out of Germany completed the acquisition of Megtec/ Universal. With this acquisition, company expanded its portfolio by integrating important competencies in its battery manufacturing technology.
  • In August 2020, Waygate Technologies, a major industrial inspection solutions provider introduced two new portable X-Ray detectors from digital X-Ray digital family for DXR.

Segments covered in the Report:

The global industrial radiography market has been segmented based on imaging technique, radiation, end-user, and region. Based on Imaging Technology, market is segmented into film-based, and digital. based on radiation, market is segmented into X-rays, and gama rays. Based on end-user, market is segmented into petrochemical & gas, power generation, manufacturing, aerospace, automotive & transportation, and others.

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Market Segmentation

Global Industrial Radiography Market by Imaging Technique

• • Film-based Radiography
  • Digital Radiography
    • Computed Tomography
    • Computed Radiography
    • Direct Radiography

Global Industrial Radiography Market by Radiation

• • X-Rays
  • Gamma Rays

Global Industrial Radiography Market by End-Use

• • Petrochemicals & Gas
  • Manufacturing
  • Aerospace & Defence
  • Automotive & Transportation
  • Power Generation
  • Others

Global Industrial Radiography Market by Region

• • North America Industrial Radiography Market (Option 1: As a part of the free 25% customization)
    • By Imaging Technique
    • By Radiation
    • By End-Use
    • US Market All-Up
    • Canada Market All-Up
  • Europe Industrial Radiography Market (Option 2: As a part of the free 25% customization)
    • By Imaging Technique
    • By Radiation
    • By End-Use
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Industrial Radiography Market (Option 3: As a part of the free 25% customization)
    • By Imaging Technique
    • By Radiation
    • By End-Use
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Industrial Radiography Market (Option 4: As a part of the free 25% customization)
    • By Imaging Technique
    • By Radiation
    • By End-Use
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating the Industrial Radiography (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • General Electric Company
  • FUJIFILM Holdings Corporation
  • Comet Group
  • Mistras Group, Inc
  • American Testing Services Ltd
  • Ashtead Technology Ltd
  • Applied Technical Services, Inc
  • Nordson Corporation
  • TUV Rheinland Group
  • North Star Imaging Inc.