Global Industrial Computed Tomography Market Size, Share, Growth Analysis, By Offering, By Application, By Vertical - Industry Forecast 2023-2030

Market Insights

Global Industrial Computed Tomography Market size was valued at USD 339.52 million in 2021 and is poised to grow from USD 360.23 million in 2022 to USD 578.50 million by 2030, growing at a CAGR of 6% in the forecast period (2023-2030).

The Global Industrial Computed Tomography (CT) Market refers to the use of CT scanning technology in various industries such as manufacturing, aerospace, automotive, and electronics for non-destructive testing and inspection of complex structures and components. This technology provides detailed cross-sectional imaging, aiding in quality control, defect detection, and dimensional analysis. The market has witnessed growth due to its accuracy, efficiency, and ability to identify flaws in intricate objects. This trend is likely to continue as industries increasingly adopt CT scanning for comprehensive quality assessment.

Top-down and bottom-up approaches were used to estimate and validate the size of industrial computed tomography and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Segmental Analysis

The global industrial computed tomography market is segmented by Offering, Application, Vertical, and Regional. Based on Offering, the market is segmented as, Equipment, Line Beam Scanners, Cone Beam Scanners, and Services. Based on Application the market is segmented as, Flaw Detection & Inspection, Failure Analysis, Assembly Analysis, Dimensioning & Tolerancing Analysis, and Others. Based on Vertical the market is segmented as, Oil & Gas, Aerospace and Defense, Automotive, Electronics, and Others.

Drivers

Factors such as the progressions in additive manufacturing are propelling the demand for industrial computed tomography. The utilization of CT scanning for the non-destructive assessment and validation of intricate 3D printed components has been on the rise, in response to the growing adoption of additive manufacturing across diverse industries.

Restraints

Substantial Initial Capital Requirement:

Incorporating industrial computed tomography systems mandates an initial capital outlay encompassing expenses for equipment procurement, software acquisition, and trained personnel. This might pose as an obstacle for small and medium-sized enterprises (SMEs) constrained by financial limitations.

Market Trends

Growing Utilization in Research and Development: The sphere of industrial CT is broadening its utilization within research and development endeavors. The application of CT scanning has extended towards examining and assessing materials, components, and prototypes in the course of product development stages. This empowers manufacturers to detect imperfections, enhance designs, and elevate product performance, consequently leading to decreased time-to-market periods and lowered developmental expenses.