Global Industrial Computed Tomography Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Industrial Computed Tomography Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Industrial computed tomography is applied in many industries and in research to examine components non-destructively and without contact. Industrial computed tomography is available to visualize material structures and flaws in components with high accuracy.

Market Overview:

The latest research study on the global Industrial Computed Tomography market finds that the global Industrial Computed Tomography market reached a value of USD 527.63 million in 2022. It’s expected that the market will achieve USD 823.19 million by 2028, exhibiting a CAGR of 7.69% during the forecast period.

Covid-19 affects the industrial computed tomography industry from the aspects of raw materials and production equipment supply, transportation, product manufacturing, employee commuting, product sales channels and downstream market demand.

The industrial CT system usually consists of radiation source, mechanical motion scanning system and automatic control system, detector system and data acquisition system, computer system and auxiliary system. Manufacturers need to buy all kinds of radiation source materials, photoelectric components, structural components, metal materials and processing equipment. Affected by the epidemic, global commodity prices have risen, and the supply of semiconductor materials such as X-ray tubes, scintillators and chips is insufficient. Lead to the increase of raw material purchase price, and increase the financial pressure of enterprises.

Countries have adopted strict blockade regulations in the process of confronting Covid-19. At the beginning of the outbreak, the production activities, labor supply and product marketing methods of industrial CT manufacturers were all affected. In addition, the epidemic has hit logistics hard, seriously affecting the turnover rate of raw materials and products.

With the continuous expansion of the epidemic, international air passenger transport has dropped sharply, and people's travel frequency and radius have shrunk dramatically; The transportation, logistics, transportation, industrial and mining enterprises and other industries can't resume work in a short time, and the oil market is one of the most seriously affected industries. The whole industrial chain of automobile, aerospace and other industries has been affected. Directly affect the downstream market demand of Industrial Computed Tomography. Although during the epidemic period, the contrarian rises of the consumer electronics industry drove the demand of the electronics industry to increase, the Industrial Computed Tomography industry was negatively affected by COVID-19 in the short term.

Miniaturization trend of semiconductor packaging mode

Electronic products are developing towards multifunction, high performance, miniaturization and light weight, and BGA (Ball Grid Array) packaging technology emerges as the times require. In order to ensure the quality of invisible solder joints during PCB assembly, Industrial Computed Tomography is an indispensable tool. Industrial computed tomography can penetrate the inside of the package to directly detect the quality of solder joints. More BGA and other devices with hidden solder connections are used in circuit assembly, and the requirements for detection precision and accuracy are also rising. With the trend of miniaturization of semiconductor product packaging methods, better industrial computed tomography is needed to ensure the miniaturization of product components.

Restrictive factors of wide application

Even though the technology of Industrial Computed Tomography has incomparable advantages, some factors have been restricting the application of this technology. First of all, the Industrial Computed Tomography equipment is highly specialized and expensive, costing hundreds of thousands of dollars. Secondly, the product inspection efficiency is low, and a single CT inspection takes several times the time of radiographic or ultrasonic inspection. In addition, the threshold of Industrial Computed Tomography is high, the complicated operation and parameter selection of data acquisition and processing make the user friendliness low, and it is difficult to balance the measurement size and measurement accuracy.

Industrial computed tomography alternatives

Although industrial computed tomography has multiple advantages, its cost may be many times that of other 3D scanners. When trying to scan simple parts without hidden geometry, consumers prefer to choose optical or touch probe scanners as alternative options. This is because although CT scanning will provide excellent results, it may be overkill to use this advanced technology when another simpler and possibly cheaper option can also meet its needs.

Region Overview:

In global comparison, a significant portion of the revenue was generated in North America (37% in 2022).

Company Overview:

Waygate Technologies is one of the major players operating in the Industrial Computed Tomography market, holding a share of 20.46% in 2023.

Waygate Technologies

Waygate Technologies, a Baker Hughes business (formerly GE Inspection Technologies), is an industrial inspection solutions company and the world leader in non-destructive testing (NDT). Today, hundreds of brands in the automotive, aerospace, electronics, energy, battery and additive industries trust our technologies to ensure safety, quality and productivity. Our business offers a broad portfolio of award-winning solutions in industrial radiography and computed tomography (CT), remote visual inspection as well as ultrasound and eddy current.

ZEISS

ZEISS Industrial Metrology is a leading manufacturer of multidimensional metrology solutions. These include coordinate measuring machines, optical and multisensor systems and metrology software for the automotive, aircraft, mechanical engineering, plastics and medical technology industries. Innovative technologies such as 3D X-ray metrology for quality inspection round off the product portfolio.

Segmentation Overview:

As for product types, the Low Energy Industrial CT segment held the largest market share in 2022.

Application Overview:

The market's largest segment by application is the segment Automotive, with a market share of 27.86% in 2022.

Key Companies in the global Industrial Computed Tomography market covered in Chapter 3:

Waygate Technologies
North Star Imaging
Shimadzu
Chongqing Zhence
ZEISS
Omron
Werth Messtechnik GmbH
Bruker
VJ Group
YXLON International
Nikon Metrology
RX Solutions
Aolong Group

In Chapter 4 and Chapter 14.2, on the basis of types, the Industrial Computed Tomography market from 2018 to 2029 is primarily split into:

High Energy Industrial CT
Low Energy Industrial CT
Mini-Focus Industrial CT

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Industrial Computed Tomography market from 2018 to 2029 covers:

Oil & Gas
Aerospace and Defense
Automotive
Electronics
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)