Global Industrial Computed Tomography Market Size study & Forecast, by Offering (Equipment, Services), by Application (Flaw Detection & Inspection, Failure Analysis, Assembly Analysis, Dimensioning & Tolerancing Analysis, Others), by Vertical (Oil & Gas,

Global Industrial Computed Tomography Market Size study & Forecast, by Offering (Equipment, Services), by Application (Flaw Detection & Inspection, Failure Analysis, Assembly Analysis, Dimensioning & Tolerancing Analysis, Others), by Vertical (Oil & Gas, Aerospace and Defence, Automotive, Electronics, Others) and Regional Analysis, 2023-2030

Global Industrial Computed Tomography Market is valued at approximately USD 496.21 million in 2022 and is anticipated to grow with a healthy growth rate of more than 7.50% over the forecast period 2023-2030. Industrial Computed Tomography (CT) is a non-destructive testing technique that uses X-ray imaging technology to create three-dimensional representations of objects or components. It is a powerful tool used in various industries, including manufacturing, aerospace, automotive, and electronics, for quality control, product development, and failure analysis. The basic principle of CT is similar to medical CT scanning. It involves taking a series of X-ray images from different angles around an object or component. These X-ray images are then processed by a computer to reconstruct a 3D model of the internal and external features of the object. Moreover, rising manufacturing output and a growing 3D printing market are anticipated to be the growth drivers of this market. Furthermore, growing technological advancement in CT technology and growing rapid industrialization emerged as growth opportunities in the market during the forecasted period 2023-2030.

According to the United Nations Industrial Development Organization (UNIDO) in 2022, the global manufacturing output demonstrated a steady year-over-year growth rate of between 3 and 4 percent. This information indicates that the manufacturing sector worldwide experienced consistent expansion during forecasted period of 2023-2030. The stable growth rate reflects positive economic conditions and sustained demand for manufactured goods across various industries. It also highlights the resilience and adaptability of the manufacturing sector in the face of challenges such as the COVID-19 pandemic and global supply chain disruptions. The steady growth in manufacturing output is a positive sign for economies and industries worldwide, indicating a robust industrial landscape. According to Statista in 2022, the global market for 3D printing products and services reached a value of approximately USD 12.6 billion in 2020 and is projected to experience a compound annual growth rate of around 17 percent from 2020 to 2023. However, high affordability & maintenance cost and limited availability of skilled workforce may hamper the growth of the market during the forecasted period of 2023-2030.

The key regions considered for the Global Industrial Computed Tomography Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the global industrial computed tomography market, it is expected to continue expanding at a significant rate, driven by investments in advanced technologies, the prospering automotive and electronics industries, and the presence of key market players such as Baker Hughes Co., Nikon Metrology NV, and Yxlon International GmbH. Asia Pacific region is expected to be the fastest-growing region in the industrial computed tomography market. This growth is driven by the increasing adoption of CT systems in industries such as electronics, automotive, aerospace, and defense for testing and inspection purposes. The region serves as a major hub for automotive and electronics manufacturing companies. The region's thriving manufacturing and production activities are key factors contributing to the expansion of the market.

Major market player included in this report are:
Nikon Metrology Inc.
OMRON Corp.
Baker Hughes Company
YXLON International GmbH.
ZEISS Group
VJ Group
Rigaku Corporation
Shimadzu Corporation
Werth Inc.
North Star Imaging Inc.

Recent Developments in the Market:
In June 2022, Shimadzu Corporation introduced the AA-7800 series automatic absorption spectrometer, which is a versatile analytical tool offering continuous analysis with remote data capabilities. This application utilizes network connections to enhance operator flexibility in their work.

In June 2022, Werth Inc. developed a new technology that allows for the measurement of workpieces while they are in motion. This innovative approach utilizes X-ray computed tomography (CT) to capture workpieces at high speeds and with great precision. To overcome the challenge, the implementation of 2D radiography provides valuable information on high-density workpieces, facilitating the development of three-dimensional (3D) workpieces.

Global Industrial Computed Tomography Market Report Scope:
Historical Data – 2020 - 2021
Base Year for Estimation – 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered – Offering, Application, Vertical, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Offering:
Equipment
Services

By Application:
Flaw Detection & Inspection
Failure Analysis
Assembly Analysis
Dimensioning & Tolerancing Analysis
Others

By Vertical:
Oil & Gas
Aerospace and Defence
Automotive
Electronics
Others

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Companies
Nikon Metrology Inc.
OMRON Corp.
Baker Hughes Company
YXLON International GmbH.
ZEISS Group
VJ Group
Rigaku Corporation
Shimadzu Corporation
Werth Inc.
North Star Imaging Inc.

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