PUBLISHER: Grand View Research | PRODUCT CODE: 1301100
PUBLISHER: Grand View Research | PRODUCT CODE: 1301100
The global industrial computed tomography market size is expected to reach USD 1,116.5 million by 2030, registering a CAGR of 7.4% during the forecast period, according to a new report by Grand View Research, Inc. Industrial computed tomography is a non-destructive testing method for examining components such as aluminum and plastics. It is a type of radiography testing used to detect flaws in components without contact. It is increasingly used across various industries, including electronics, automotive, and oil & gas, among others. The COVID-19 pandemic negatively affected the market due to lockdowns and government travel restrictions, reducing industrial production worldwide. Growing industrialization and the rising adoption of additive manufacturing techniques across industries are driving the growth of the market for industrial computed tomography.
The benefits offered by industrial CT include improved product design and manufacturing cost reduction and reduced product failure instances. These benefits are expected to boost the adoption of industrial CT scanners in the industries. Industrial CT scanners offer high-quality inspection images detailing the product under inspection. This improves the inspection process across industries.
Based on offering, the market is divided into exploratory equipment and services. The wide availability of various software-enabled computed tomography scanners is driving the growth of the segment. Based on type, the market is divided into high-voltage CT, micro CT, and others. High-voltage CT scanners are used for large and dense components, whereas micro CT scanners are used for small to medium-sized components.
The market players are introducing innovative solutions for industrial computed tomography to improve offerings. For instance, in February 2022, Comet Group announced the launch of a new computed tomography system called YXLON UX50. The system is based on the Geminy software platform. It is designed for foundry and automotive industries for production environment.
Some of the key players include Nikon Corporation; OMRON Corporation; Baker Hughes Company; Comet Group; ZEISS Group; Shimadzu Corporation; North Star Imaging Inc. (Illinois Tool Works Inc.); Werth Inc.; Rigaku Corporation; and VJ Technologies. These key players are adopting different development strategies, such as product launches and others, to expand their presence and market share.
In April 2023, Japan-based Nikon Corporation announced the launch of two new X-ray computed tomography inspection systems. The two variants, VOXLS 30 M 450 and VOXLS 30 C 450 deliver continuous X-ray power of up to 450 watts. The new systems have applications such as scanning large turbine blades and 3D-printed parts.