PUBLISHER: BIS Research | PRODUCT CODE: 1389579
PUBLISHER: BIS Research | PRODUCT CODE: 1389579
Asia-Pacific Industrial Computed Radiography Market - Analysis and Forecast, 2023-2033
“The Asia-Pacific Industrial Computed Radiography Market Expected to Reach $19.30 Million by 2033.”
Introduction to Asia-Pacific Industrial Computed Radiography Market
The Asia-Pacific industrial computed radiography market is estimated to reach $19.30 million by 2033 from $13.50 million in 2022, at a growth rate of 3.49% during the forecast period 2023-2033. The market for industrial computed radiography systems is expanding rapidly due to the increasing need for non-destructive testing (NDT) solutions, technical breakthroughs, the shift to digital imaging, and the growing focus on sustainability. The market is anticipated to keep growing in the upcoming years due to ongoing developments and possible applications in developing industries.
Market Introduction
| KEY MARKET STATISTICS | |
|---|---|
| Forecast Period | 2023 - 2033 |
| 2023 Evaluation | $13.70 Million |
| 2033 Forecast | $19.30 Million |
| CAGR | 3.49% |
The industrial computed radiography market in the Asia-Pacific region is expanding steadily, which is encouraging partnerships and investments in computed radiography technology. Nonetheless, the industry confronts some difficulties, such as a lack of qualified personnel to carry out non-destructive testing using computed radiography equipment. Moreover, the development of industrial computed radiography systems is being impacted by the growing use of digital radiography systems, which have the ability to visualize images in real time and automatically identify defects.
The unique requirements of sectors like aerospace and oil and gas, which call for small, portable radiography equipment that can visualize images in real time even in offshore settings, provide additional difficulties. These sectors require effective flaw correction. Consequently, industrial computed radiography system makers and non-destructive testing service providers are increasingly moving away from computed radiography.
These elements influence the Asia-Pacific industrial computed radiography market, where the need for sophisticated non-destructive testing methods spurs technological innovation and digital technology adoption. It is anticipated that the market will keep changing to satisfy industry-specific needs and get over obstacles with skilled personnel and technology improvements.
Market Segmentation
Segmentation 1: by Application
- Aerospace and Defense
- Automotive
- Oil and Gas
- Power and Energy
- Security
- Explosive Ordnance Disposal and Improvised Explosive Device
- Electronics and Semiconductors
- Food and Drugs
- Transportation Infrastructure
- Construction
- Marine
- Manufacturing
- Heavy Industries
- Others
Segmentation 2: by Component
- Imaging Plates
- Computed Radiography Reader (Digitizer)
- Review Station with Acquisition Software
Segmentation 3: by Region
- Asia-Pacific - China, Japan, India, and Rest-of-Asia-Pacific
How can this report add value to an organization?
Platform/Innovation Strategy: The product segment helps the reader understand the various component that is integrated with industrial computed radiography to conduct safe, secure, and efficient non-destructive testing. Moreover, the study provides the reader with a detailed understanding of the components, such as imaging plates and computed radiography readers. In addition, it provides a detailed understanding of the acquisition software that the review station uses to review the images captured by the imaging plates.
Growth/Marketing Strategy: The Asia-Pacific industrial computed radiography market has seen major development activities by key players operating in the market, such as business expansion activities, contracts, mergers, partnerships, collaborations, and joint ventures. The favored strategy for the companies has been contracted to strengthen their position in the industrial computed radiography market.
Competitive Strategy: Key players in the Asia-Pacific industrial computed radiography market analyzed and profiled in the study involve industrial computed radiography manufacturers that offer docking systems and enabling capabilities. Moreover, a detailed competitive benchmarking of the players operating in the Asia-Pacific industrial computed radiography market offers various solutions to conduct non-destructive testing efficiently through portable computed radiography systems. Additionally, comprehensive competitive strategies such as contracts, partnerships, agreements, acquisitions, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.
Key Market Players and Competition Synopsis
The companies that are profiled have been selected based on inputs gathered from primary experts and analysis of the company's coverage, product portfolio, and market penetration.
Some of the prominent companies in this market are:
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Table of Contents
1 Markets
- 1.1 Industry Outlook
- 1.1.1 Industrial Computed Radiography Market: Overview
- 1.1.2 Computed Radiography Services within the Non-Destructive Testing Landscape
- 1.1.3 Evolving Technological Trends and Disruptions in Computed Radiography Services
- 1.1.3.1 Artificial Neural Networks for Defect Detection
- 1.1.3.2 Battery Operated Flat Panel Detectors
- 1.1.3.3 Mobile Computed Tomography
- 1.1.3.4 Computed Laminography
- 1.1.4 Comparison of Computed Radiography (CR) vs. Digital Radiography (DR) vs. Computed Tomography (CT)
- 1.1.5 Evolving End-User Requirements for Industrial Computed Radiography Market
- 1.2 Business Dynamics
- 1.2.1 Business Drivers
- 1.2.1.1 Emerging Demand from the Aerospace and Defense Industry
- 1.2.1.2 Rising Demand for Computed Radiography Due to the Evolution of Industry 4.0 Practices
- 1.2.1.2.1 Case Study: Advantages of Using CR Technology Observed by Emerson Electric Co.
- 1.2.1.3 Rising Demand for Portable Computed Radiography
- 1.2.2 Business Challenges
- 1.2.2.1 Lack of Skilled Labors
- 1.2.2.2 Increasing Demand for Real-Time Image Visualization
- 1.2.3 Business Strategies
- 1.2.3.1 Business Strategies
- 1.2.3.1.1 New Product Launch and Business Expansion
- 1.2.3.2 Corporate Strategies
- 1.2.3.1 Business Strategies
- 1.2.4 Business Opportunities
- 1.2.4.1 Persisting Need for CR Capabilities in Oil and Gas Domain
- 1.2.4.2 Opportunities in the Aviation/MRO Domain
- 1.2.4.3 Opportunities in Providing NDT Certification to Technician
- 1.2.1 Business Drivers
2 Region
- 2.1 Industrial Computed Radiography Market (by Region)
- 2.2 Asia-Pacific
- 2.2.1 Markets
- 2.2.1.1 Key Industrial Computed Radiography Manufacturer in Asia-Pacific
- 2.2.1.2 Business Drivers
- 2.2.1.3 Business Challenges
- 2.2.1.4 Asia-Pacific Industrial Computed Radiography Market (by Country)
- 2.2.2 Asia-Pacific (by Country)
- 2.2.2.1 China
- 2.2.2.1.1 Product
- 2.2.2.1.1.1 China Industrial Computed Radiography Market (Components by Application)
- 2.2.2.1.1 Product
- 2.2.2.2 India
- 2.2.2.2.1 Markets
- 2.2.2.2.1.1 Key Industrial Computed Radiography Manufacturers in India
- 2.2.2.2.2 Product
- 2.2.2.2.2.1 India Industrial Computed Radiography Market (Components by Application)
- 2.2.2.2.1 Markets
- 2.2.2.3 Japan
- 2.2.2.3.1 Markets
- 2.2.2.3.1.1 Key Industrial Computed Radiography Manufacturers in Japan
- 2.2.2.3.2 Product
- 2.2.2.3.2.1 Japan Industrial Computed Radiography Market (Components by Application)
- 2.2.2.3.1 Markets
- 2.2.2.4 Rest-of-Asia-Pacific
- 2.2.2.4.1 Product
- 2.2.2.4.1.1 Rest-of-Asia-Pacific Industrial Computed Radiography Market (Components by Application)
- 2.2.2.4.1 Product
- 2.2.2.1 China
- 2.2.1 Markets
3 Markets - Competitive Benchmarking & Company Profiles
- 3.1 Market Share Analysis
- 3.2 Industrial Computed Radiography Developers
- 3.2.1 MQS Technologies Pvt. Ltd.
- 3.2.1.1 Company Overview
- 3.2.1.1.1 Role of MQS Technologies Pvt. Ltd. in the Industrial Computed Radiography Market
- 3.2.1.1.2 Customers
- 3.2.1.1.3 Product Portfolio
- 3.2.1.2 Analyst View
- 3.2.1.1 Company Overview
- 3.2.2 Rigaku Corporation
- 3.2.2.1 Company Overview
- 3.2.2.1.1 Role of Rigaku Corporation in the Industrial Computed Radiography Market
- 3.2.2.1.2 Customers
- 3.2.2.1.3 Product Portfolio
- 3.2.2.2 Corporate Strategies
- 3.2.2.2.1 Partnerships
- 3.2.2.3 Analyst View
- 3.2.2.1 Company Overview
- 3.2.1 MQS Technologies Pvt. Ltd.
4 Research Methodology
- 4.1 Factors for Data Prediction and Modeling
List of Figures
- Figure 1: Industrial Computed Radiography Market, Units, 2022-2033
- Figure 2: Industrial Computed Radiography Market, $Million, 2022-2033
- Figure 3: Industrial Computed Radiography Market, Consumables (Imaging Plates), Units, 2022-2033
- Figure 4: Industrial Computed Radiography Market, Consumables (Imaging Plates), $Million, 2022-2033
- Figure 5: Industrial Computed Radiography Market (by Application), Units, 2023 and 2033
- Figure 6: Industrial Computed Radiography Market (by Application), $Million, 2023 and 2033
- Figure 7: Industrial Computed Radiography Market (by Region), $Million, 2023
- Figure 8: Factors Analyzed in Business Dynamics
- Figure 9: Commercial Aircraft Order Backlog (as of December 2021)
- Figure 10: Share of Key Market Strategies and Developments, January 2020- November 2022
- Figure 11: Industrial Computed Radiography Market Share (by Company), $Million, 2022
- Figure 12: Research Methodology
- Figure 13: Top-Down Approach
- Figure 14: Assumptions and Limitations
List of Tables
- Table 1: Comparison of Computed Radiography (CR) vs. Digital Radiography (DR) vs. Computed Tomography (CT)
- Table 2: Advantages and Disadvantages of Computed Radiography:
- Table 3: Advantages and Disadvantages of Digital Radiography:
- Table 4: New Product Launch, January 2018- January 2023
- Table 5: Expansion, January 2018- January 2023
- Table 6: Partnerships, Collaborations, Agreements, and Contracts, January 2018- January 2023
- Table 7: Industrial Computed Radiography Market (by Region), Units and $Million, 2022-2033
- Table 8: Asia-Pacific Industrial Computed Radiography Market (by Country), Units and $Million, 2022-2033
- Table 9: China Industrial Computed Radiography Market (by Imaging Plate, by Application), Units and $Million, 2022-2033
- Table 10: China Industrial Computed Radiography Market (by Computed Radiography Reader (Digitizer), by Application), Units and $Million, 2022-2033
- Table 11: China Industrial Computed Radiography Market (by Review Station with Acquisition Software, by Application), Units and $Million, 2022-2033
- Table 12: India Industrial Computed Radiography Market (by Imaging Plate, by Application), Units and $Million, 2022-2033
- Table 13: India Industrial Computed Radiography Market (by Computed Radiography Reader (Digitizer), by Application), Units and $Million, 2022-2033
- Table 14: India Industrial Computed Radiography Market (by Review Station with Acquisition Software, by Application), Units and $Million, 2022-2033
- Table 15: Japan Industrial Computed Radiography Market (by Imaging Plate, by Application), Units and $Million, 2022-2033
- Table 16: Japan Industrial Computed Radiography Market (by Computed Radiography Reader (Digitizer), by Application), Units and $Million, 2022-2033
- Table 17: Japan Industrial Computed Radiography Market (by Review Station with Acquisition Software, by Application), Units and $Million, 2022-2033
- Table 18: Rest-of-Asia-Pacific Industrial Computed Radiography Market (by Imaging Plate, by Application), Units and $Million, 2022-2033
- Table 19: Rest-of-Asia-Pacific Industrial Computed Radiography Market (by Computed Radiography Reader (Digitizer), by Application), Units and $Million, 2022-2033
- Table 20: Rest-of-Asia-Pacific Industrial Computed Radiography Market (by Review Station with Acquisition Software, by Application), Units and $Million, 2022-2033
- Table 21: MQS Technologies Pvt. Ltd.: Product Portfolio
- Table 22: Rigaku Corporation: Product Portfolio
- Table 23: Rigaku Corporation: Partnerships
