PUBLISHER: Inkwood Research | PRODUCT CODE: 1170425
PUBLISHER: Inkwood Research | PRODUCT CODE: 1170425
The Europe X-ray tube market is expected to record a CAGR of 3.74% over the forecasting years of 2022 to 2030. The region's market growth is driven by the latest technological advancements leveraged by leading equipment manufacturers for the development of improved products and the growing research and expansion activities in the field of X-ray tubes.
The Europe X-ray tube market growth evaluation encompasses the analysis of Italy, Spain, Belgium, Poland, the United Kingdom, Germany, France, and Rest of Europe. France is the second-largest X-ray tube market in Europe, with the demand growth largely dedicated to the country's aerospace sector. Moreover, as one of the foremost adopters of X-ray tube technology, France's market is matured and trending toward saturation over the forecast period.
On the other hand, the French internal security infrastructure has also recorded a significant flow of investment from the government. This is primarily accredited to recent security incidents. Aligning with this, X-ray systems in France also hold a substantial share in the country's security systems investments, especially in aviation infrastructure, such as airports. The products used for security checks at stadiums and public transport facilities also contribute to the country's rising demand for X-ray tubes. Although domestically manufactured products are preferred, present orders enable the inflow of foreign products into the market in order to compete on the basis of innovation and price. Hence, these factors are set to propel the market growth in Europe over the forecast period.
Some of the main companies operating in the market are: Dunlee (Philips Company Group), Malvern Panalytical, Comet Holding AG, etc.