The Global Industrial Computed Radiography Market Size is valued at 59.29 million in 2023 and is predicted to reach 67.11 million by the year 2031 at a 1.62% CAGR during the forecast period for 2024-2031.
Computed radiography, a form of non-destructive testing (NDT) utilized in industrial environments, serves as a means to ensure the safety and integrity of manufactured parts and assemblies. Essential components, such as oil or gas transfer pipes, necessitate thorough maintenance and inspection. Consequently, due to the escalating demand for NDT in industrial sectors, there has been a corresponding rise in the adoption of computed radiography techniques.
Moreover, the industrial manufacturing and infrastructure sectors have witnessed an upsurge in automation, increasing the demand for flaw detection of cracks, porosity, manufacturing defects, and other issues. This surge is further propelled by stringent safety regulations and quality standards mandated by regulatory bodies across various industries. The integration of computed radiography systems enables companies to comply with these regulatory requirements while ensuring the reliability and integrity of their products, thereby stimulating market growth.
The continuous advancements in computed radiography technology have resulted in the introduction of advanced systems boasting higher resolution, enhanced sensitivity, and faster processing capabilities. These advancements have extended the range of applications for computed radiography in industries with complex inspection requirements, contributing to the market's growth.
Additionally, the rapid industrialization observed in emerging economies, and significant infrastructure development projects have fueled the demand for non-destructive testing techniques like computed radiography. Industries such as construction, energy, and transportation heavily rely on computed radiography for quality control and inspection of critical components.
Competitive Landscape:
Some of the Industrial Computed Radiography market players are:
- Carestream Health
- DÜRR NDT GmbH & Co. KG
- FUJIFILM Holdings America Corporation
- L3Harris Technologies, Inc.
- MQS Technologies Pvt. Ltd.
- Rigaku Corporation
- Virtual Media Integration
- Way gate Technologies (Baker Hughes Company)
Market Segmentation:
The industrial computed radiography market is segmented based on component and application. Based on product, the industrial computed radiography market is segmented as aerospace and defense, automotive, oil and gas, power and energy, security, explosive ordnance disposal and an improvised explosive device, electronics and semiconductors, food and drugs, transportation infrastructure, construction, marine, manufacturing, heavy industries and others. By component, the market is segmented into imaging plates, computed radiography reader (digitizer) and review station with acquisition software.
Based On Application, The Aerospace & Defense Segment Is A Major Contributor To The Industrial Computed Radiography Market
The aerospace and defense category will hold a major share of the global industrial computed radiography market in 2024. Industrial Computed Radiography (CR) is increasingly utilized in the aerospace and defence sectors due to its numerous benefits and capabilities. It plays a vital role in inspecting critical aircraft components like turbine blades, engine parts, landing gear, and composite structures. By enabling detailed examinations of internal structures, CR facilitates the detection of defects, cracks, voids, and other anomalies that could impact component performance and safety.
The rising adoption of composite materials in aerospace and defense applications necessitates advanced inspection techniques. Computed radiography has proven to be highly effective in inspecting composite structures, enabling the identification of delaminations, voids, fiber misalignments, and other defects that could compromise the structural integrity of these components.
The Imaging Plates Segment Witnessed Growth At A Rapid Rate
The imaging plates segment is projected to grow rapidly in the global industrial computed radiography market. Imaging Plates (IPs) are an indispensable element within the Industrial Computed Radiography (CR) market, fulfilling the crucial function of capturing X-ray images for digital inspection and analysis. These plates consist of thin, flexible, and reusable phosphor screens coated with a storage phosphor material, such as a photostimulable phosphor (PSP). Their primary role is to absorb the radiation energy from X-rays and temporarily store it within the phosphor material.
The North America Industrial Computed Radiography Market Holds A Significant Revenue Share In The Region
The North American region industrial computed radiography market is expected to register a tremendous share in revenue shortly. The market experiences significant growth due to a robust automotive industry in the country, which heavily depends on computed radiography for quality control and inspection of crucial components. Additionally, the increasing need for renewable energy sources is anticipated to contribute to the country's rising demand for computed radiography systems. In addition, Asia Pacific is projected to increase in the global Industrial Computed Radiography market. Due to their increasing industrialization, the demand for non-destructive testing techniques, such as computed radiography, has increased significantly in countries like China, India, and Japan.
The growth of these countries' construction, energy, and transportation sectors primarily drives this surge in demand. Furthermore, the market for computed radiography is fueled by the implementation of stringent safety regulations and quality standards by regulatory bodies across different industries. Companies recognize the importance of adopting computed radiography systems to adhere to these regulations while ensuring the reliability and integrity of their products.
Industrial Computed Radiography Market Report Scope:
|
Report Attribute |
Specifications |
|
Market size value in 2023 |
USD 59.29 Mn |
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Revenue forecast in 2031 |
USD 67.11 Mn |
|
Growth rate CAGR |
CAGR of 1.62% from 2024 to 2031 |
|
Quantitative units |
Representation of revenue in US$ Million, and CAGR from 2024 to 2031 |
|
Historic Year |
2019 to 2023 |
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Forecast Year |
2024-2031 |
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Report coverage |
The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends |
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Segments covered |
Component, Application |
|
Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia |
|
Competitive Landscape |
Carestream Health, DÜRR NDT GmbH & Co. KG, FUJIFILM Holdings America Corporation, L3Harris Technologies, Inc, MQS Technologies Pvt. Lt, Rigakuku Corporation, Virtual Media Integration and Way gate Technologies (Baker Hughes Company). |
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Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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