PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1372489
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1372489
The global X-ray inspection system market was valued at USD 0.8 billion in 2023 and is estimated to reach USD 1.1 billion by 2028, registering a CAGR of 6.2% during the forecast period. Increasing focus on safety and quality in food industry, increasing densification of circuit board mounting, rapid urbanization and technological advancements fuels the market. Moreover, rising level of automation is fueling the demand for X-ray inspection system market. These trends is leading to the growth of the X-ray inspection system market.
Scope of the Report | |
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Years Considered for the Study | 2019-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Units Considered | Value (USD Billion) |
Segments | By Technology, Dimension, Vertical and Region |
Regions covered | North America, Europe, Asia Pacific, and RoW |
"Digital imaging is expected to grow at the highest CAGR during the forecast period."
The digital imaging segment is growing at the highest CAGR in the X-ray inspection system market. The segment's growth is attributed to the effortless incorporation of digital imaging-based X-ray inspection systems into current production lines, reduced film and chemicals costs, heightened operational efficiency, and enhanced defect detection capabilities. These combined factors establish them as the favored option for industries in search of top-tier, efficient solutions for non-destructive testing and inspection, ultimately eliminating the need for expensive recalls or rework.
"3D segment is projected to grow fastest in X-ray inspection system market."
The 3D segment is growing at the highest CAGR in the X-ray inspection system market due to the escalating demand for precise inspections. Stringent regulations within various industries, including aerospace, food and beverage, and pharmaceuticals, are contributing to this growth. The emergence of advanced materials, such as composites and 3D-printed components, necessitates 3D inspection for the accurate assessment of their internal structures. This development aligns with the broader trend toward the adoption of lighter, stronger, and more complex materials.
"US is projected to dominate in North America region for X-ray inspection system market"
US is having the largest market share in the X-ray inspection system market due to several factors. The nation boasts a robust representation of prominent manufacturers in the field of X-ray inspection systems, including Mettler Toledo, Nordson Corporation, and North Star Imaging Inc. The United States exhibits a wide-ranging industrial landscape, spanning sectors like aerospace, automotive, electronics, healthcare, and food processing, all of which depend significantly on X-ray inspection systems for maintaining quality standards and regulatory compliance. These factors collectively serve as pivotal drivers for the expansion of the X-ray inspection system market within the country.
In-depth interviews have been conducted with chief executive officers (CEOs), Directors, and other executives from various key organizations operating in the X-ray inspection system marketplace.
Mettler Toledo (US), Nordson Corporation (US), Comet Group (Switzerland), Anritsu (Japan), Viscom AG (Germany), North Star Imaging Inc. (US), Nikon Corporation (Japan), Ishida Co. Ltd. (Japan), Omron Corporation (Japan), and Toshiba IT & Control Systems Corporation (Japan), are some of the key players in the X-ray inspection system market market.
The study includes an in-depth competitive analysis of these key players in the X-ray inspection system market, with their company profiles, recent developments, and key market strategies.
Research Coverage
This research report categorizes the X-ray inspection system market by technology (Digital Imaging, Film Based Imaging), by dimension (2D, 3D), by vertical (Manufacturing, Oil & Gas, Aerospace, Government Infrastructure, Automotive, Power Generation, Food & Beverage, Others), and by region (North America, Europe, Asia Pacific, and RoW). The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the X-ray inspection system market. A detailed analysis of the key industry players has been done to provide insights into their business overview, solutions, and services; key strategies; Contracts, partnerships, agreements. new product & service launches, mergers and acquisitions, and recent developments associated with the X-ray inspection system market. Competitive analysis of upcoming startups in the X-ray inspection system market ecosystem is covered in this report.
Reasons to buy this report
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall X-ray inspection system market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.