Industrial Radiography Market Size, Share, Trends Analysis, 2032

Industrial Radiography Market Insights

According to the report published by Zion Market Research, the global Industrial Radiography Market size was valued at USD 61.74 Billion in 2023 and is predicted to reach USD 102.54 Billion by the end of 2032. The market is expected to grow with a CAGR of 5.8% during the forecast period. The report analyzes the global Industrial Radiography Market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the rising opportunities in the Industrial Radiography industry.

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Global Industrial Radiography Market: Overview

Industrial radiography is used to find any type of flaws in the material that cannot be detected with normal eyes; this technique is normally utilized by the manufacturers for final testing to inspect any defect in the product before they are dispatched. In this technique, the materials are exposed to X-rays or gamma radiations to find the flaws as they become visible with the exposure of these radiations. This technique is very much similar to that of X-ray in the medical industry which helps in inspecting cracks or breaks in the bone.

In industrial radiography, the material is exposed to radiation between a transmitter and receiver; if any crack is detected in the material then rays directly reach the receiver with full intensity and the crack is inspected. The detection of any flaws in the pressure vessels and gas & oil pipelines in chemical plants can be carried out with industrial radiography.

Global Industrial Radiography Market: Growth Factors

Integration of 2D & 3D capabilities in a single system is getting popular in the global industrial radiography market which drives the market growth. Core strategies that are adopted by the market players include collaborations, expansions, mergers & acquisitions, partnerships, joint ventures, and others; thus augmenting the market growth. Adoption of advanced technologies is expected to enhance the inspection quality, this may propel the industrial radiography market.

The increasing acceptance of the industrial radiography technique in the aerospace and automotive industry coupled with increasing government support will give rise to the market growth in coming years. However, the high risk of radiation exposure and higher deployment cost of industrial radiography are restraining the market to some extent.

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Global Industrial Radiography Market: Segmentation

The global industrial radiography market is bifurcated based on industry, imaging technique, and region.

The industry segment is categorized into automotive & transportation, petrochemical & gas, manufacturing, aerospace, and power generation.

Based on imaging techniques, the global industrial radiography market is segregated into film-based and digital. Region-wise, the segmentation includes North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

Industrial Radiography Market: Report Scope

Global Industrial Radiography Market: Regional Analysis

North America is the dominating region in the industrial radiography market, which is expected to continue this dominance in the near future too. The well-developed petroleum, manufacturing, and aerospace industries in this region, contribute to the market growth. This technique is widely used in industries for maintenance, routine inspection, and dimensional measurement. The growth of the market is anticipated to expand in the regions such as Asia-Pacific. The growing focus of the manufacturing industry towards industrial radiography in developing economies such as India and China is fuelling the global industrial radiography market growth.

Global Industrial Radiography Market: Competitive Players

The major players operating in the global industrial radiography market include;

• Comet Holding AG
• Fujifilm Holdings Corporation
• 3DX-Ray Ltd.
• Mettler-Toledo International Inc.
• Bosello High Technology SRL
• Shimadzu Corporation
• General Electric
• Nikon Corporation
• Anritsu Corporation
• PerkinElmer Inc.

The global industrial radiography market is segmented as follows;

Global Industrial Radiography Market: By Industry Segment Analysis

• Automotive & Transportation
• Petrochemical & Gas
• Manufacturing
• Aerospace
• Power Generation

Global Industrial Radiography Market: By Imaging Technique Segment Analysis

• Film-based    
• Digital

Global Industrial Radiography Market: Regional Segment Analysis

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa

What Report Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.