Global Industrial X-Ray Non-destructive Testing Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Industrial X-Ray Non-destructive Testing Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Non-destructive testing (NDT) is a testing and analysis technique used by industry to evaluate the properties of a material, component, structure or system for characteristic differences or welding defects and discontinuities without causing damage to the original part. Industrial x-ray non-destructive testing uses x-ray to examine the internal structure of manufactured components identifying any flaws or defects.

Market Overview:

The latest research study on the global Industrial X-Ray Non-destructive Testing market finds that the global Industrial X-Ray Non-destructive Testing market reached a value of USD 2475.91 million in 2022. It’s expected that the market will achieve USD 3810.43 million by 2028, exhibiting a CAGR of 7.45% during the forecast period.

The advanced digital systems facilitate market development

X-ray inspection systems are among the most important tools in testing applications. Growth in the global market is spurred by a shift from conventional film-based systems to innovative and highly advanced digital systems.

With the rapid development of computer technology, embedded system technology, sensor technology, etc., Industrial X-Ray Non-destructive Testing technology and instruments have shown the phenomenon of digitization, imaging and intelligence and are still expanding and developing further. More, due to the continuous development of new technologies and new materials, new blood and development momentum have been brought to the existing Industrial X-Ray Non-destructive Testing technology. Through new technologies and new materials, existing technologies can be transformed and upgraded, and the detection accuracy, reliability, practicability and application scope of the original technologies can be improved. These will drive the development of the entire market.

Operational risks caused by international turmoil and trade frictions

In recent years, international trade frictions have continued. In 2018, the US government imposed a 25% tariff on high-tech products such as Chinese electronic information technology and high-performance medical equipment on the grounds of trade protection. At present, the Sino-US economic and trade dialogue has achieved phased results, but it cannot be ruled out that the Sino-US trade friction will continue to escalate in the future, the tariff rate will be further increased or export quotas will be imposed, or other countries will also adopt tariffs and other methods to protect trade.

In addition, the recent Russian-Ukrainian war has also brought greater challenges to the international market.

Region Overview:

In 2022, the share of the Industrial X-Ray Non-destructive Testing market in Asia-Pacific stood at 37.47%.

Company Overview:

General Electric is one of the major players operating in the Industrial X-Ray Non-destructive Testing market, holding a share of 12.36% in 2022.

General Electric

GE Aircraft Engines Completes Acquisition of Agfa's Non-Destructive Testing Unit in 2004, renamed GE Inspection Technologies. DS' parent business, GE Oil & Gas, merges with Baker Hughes Incorporated to become Baker Hughes, a GE company (BHGE). GE later sells down its majority ownership stake in BHGE in September 2019, resulting in a name change from BHGE to Baker Hughes. Baker Hughes is an energy technology company that provides solutions for energy and industrial customers worldwide.

Zeiss

ZEISS Industrial Metrology is a leader in CNC coordinate measuring machines and complete solutions for multidimensional metrology in the metrology lab and production. The offering encompasses bridge-type, horizontal-arm and inline measuring machines, as well as form, contour and surface measuring machines. All relevant modules, such as controllers, soft- ware, measuring systems and sensors are developed and manufactured in-house.

Segmentation Overview:

As for product types, the Equipment 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 27.27% in 2022.

Key Companies in the global Industrial X-Ray Non-destructive Testing market covered in Chapter 3:

General Electric
Teledyne
Werth
Nikon
Shimadzu
Jesse Garant
Carestream Health
Comet Group
Vidisco
SEC
Laboratory Testing Inc
Dandong Aolong Ray Instrument Group
Marietta
Unicomp Technology
Sanying Precision Instrument
SXRAY
Mistras Group, Inc
Zeiss
Dandong Nondestructive Testing Equipment Co., Ltd.
Olympus Corporation
Varex Imaging
SGS
VisiConsult
Fujifilm
Bureau Veritas
Spellman
Rigaku

In Chapter 4 and Chapter 14.2, on the basis of types, the Industrial X-Ray Non-destructive Testing market from 2018 to 2029 is primarily split into:

Equipment
Service
After-sales and Spare Parts

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Industrial X-Ray Non-destructive Testing market from 2018 to 2029 covers:

Electricity
Oil and Gas
Automotive
Aerospace
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)