X-ray Inspection System Market
Growth Factors of X-Ray Inspection System Market
The X-Ray inspection system market size was valued at USD 2.27 billion in 2022, and the market is now projected to grow from USD 2.37 billion in 2023 to USD 3.44 billion by 2030, exhibiting a CAGR of 5.4% during the forecast period of 2023-2030.
The COVID-19 pandemic as forced people to stay at homes to avoid spreading of virus and led an unanticipated shutdown throughout various locations creates attractive potential for exoskeleton makers owing to the surge in demand for healthcare, and industrial spaces. moreover, the COVID-19 pandemic has raised up profitable business opportunities for suppliers of goods and services who prioritize utilizing partnerships and acquisitions as essential techniques to increase demand for their products across several industries, hence propelling the market's expansion. Additionally, the COVID-19 pandemic has shown the US healthcare sector to be able to respond to emergencies by utilizing telehealth experiences.
The growing demand for quality assurance checks across various sectors is expected to propel X-Ray inspection system market growth during projected period. Defect discovery, accident avoidance, and material quality and integrity verification all depend on X-ray inspection tools and services. Quality assurance is crucial to many industries, including manufacturing, oil and gas, aerospace, automotive, and power generation. The performance, dependability, and safety of their infrastructures and product line have received a lot of attention. Moreover, the range of X-ray inspection systems has increased due to developments in X-ray technologies and apparatus. X-ray inspection methods have become more accurate, effective, and capable of identifying concealed defects. Strict Safety Laws to Promote Industry Development will augment market growth during projected period. To protect the environment and public health, governments and authorities worldwide are enacting strict safety regulations. Industries must abide by quality and safety standards in order to meet strict restrictions. X-ray inspection methods are essential for assisting companies in meeting regulatory standards. This kind of inspection can find problems with other equipment, structures, and pipelines.
The most recent market trend is the advancement of digital radiography technology for X-ray inspection will propel X-Ray inspection system market growth during projected period. Without the need for chemical processing or intermediary scanning, digital radiography displays an X-ray image on a computer screen using digital detector devices. The system's X-ray energy is turned into an electric charge, which a detector sensor then converts into a digital image. A flat panel detector generates high-quality digital images with superior dynamic range and signal-to-noise ratio when compared to other imaging devices, which leads to improved sensitivity for radiographic applications.
Comprehensive Analysis of X-Ray Inspection System Market
The X-Ray inspection system market and aerospace & defence industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessment considering the dominant supply and demand forces that impact the pharmacy benefit management industry. These segmentations are methodically segregated by technique, by digital imaging, by scanning technology, by dimension, by application and by end users. The types segmentations include, Film Based & Digital Imaging), By Digital Imaging segmentations include Computed Tomography, Computed & Direct Radiography, By Scanning Technology segmentations include HD & Ultra-HD, By Dimension (2D & 3D), By Application segmentations include PCB & Passive Electronics Inspection, Non-Destructive Testing, Foreign Contaminants Inspection, Agricultural, Bird & Animal Imaging & Inspection, Flaw Detection & Dimensional Inspection, By End-user segmentations include Oil & Gas, Energy & Utilities, Food Processing, Healthcare, Agricultural, Aerospace & Defense.
The North America region lead the X-Ray inspection system market by benefitting a market size of USD 0.85 billion in 2023 due to large-scale presence of service providers and Original Equipment Manufacturers (OEMs).
The top players in the market play a crucial role in the aerospace & defence industry assuring industrial prospectus growth and setting market standards. These players include, North Star Imaging Inc. (U.S.), Nikon Metrology, Inc. (U.S.), Nordson Corporation (U.S.), YXLON International GmbH (Germany), VJ Group, Inc. (U.S.), Mettler Toledo International Inc. (U.S.), Ametek, Inc. (U.S.), Viscom AG (Germany), ViTrox Corporation Berhad (Malaysia), Test Research, Inc. (Taiwan), these market players provide a level-playing competitive landscape.
In April 2023, Nikon unveiled the VoXLS 40 C 450 Large-Volume X-Ray CT System, designed for inspecting lithium-ion battery modules. The VoXLS 40 C 450 was a one-piece cabinet that contained a granite-based manipulator of metrology quality. This single-piece cabinet system boasted the largest scan envelope available on the market thanks to its dual X-ray sources and dual detectors.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2030
Base Year 2022
Estimated Year 2023
Forecast Period 2023-2030
Historical Period 2019-2021
Growth Rate CAGR of 5.4% from 2023-2030
Unit Value (USD billion)
Segmentation
By Region By Technique
Film Based Imaging
Digital Imaging
By Digital Imaging
Computed Tomography
Computed Radiography
Direct Radiography
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