X-ray Inspection System Market - Forecast(2024 - 2030)
X-ray Inspection System Market Overview
X-ray Inspection System Market is analysed to grow at a CAGR of 8.9% during the forecast 2021-2026 to reach $880 million by 2026. X-ray inspection systems are designed to detect all contaminants whose density differs significantly from that of the product being inspected, not to mention air bubbles, breakage and other defects. X-ray inspection systems uses different techniques for various operations in different sectors such as Film-based imaging, Digital Imaging which includes Computed Tomography, Interventional Radiology, Computed Radiography, and Direct Radiography among others. X-ray inspection systems typically works on the principle of Electromagnetic Radiation and works with the help of detectors to inspect carious products as required by the end-user. Different end-use industries which uses X-ray inspection systems includes Nuclear medicines, Medical imaging, Material analysis and many others designed for inspecting food move your products evenly through the X-ray beam on a conveyor belt. This wide range of security applications and inspecting applications tend to enhance the X-ray Inspection System Market size in the global market.
X-ray Inspection System Market Report Coverage
The report: “X-ray Inspection System Industry Outlook – Forecast (2021-2026)”, by IndustryARC covers an in-depth analysis of the following segments of the X-ray Inspection System Market.
By Technique: Film-based Imaging and Digital Imaging (Computed Tomography, Computed Radiography, Interventional Radiology and Direct Radiography).
By Dimension: 2D and 3D.
By End-Use Industry: Food & Beverage, Oil & Gas, Manufacturing, Aerospace, Military & Defence, Government Organizations, Automotive, Power Generation, Pharmaceuticals and Others.
By Geography: North America(U.S., Canada and Mexico); Europe(U.K., Germany, Italy, France, Spain, Russia, Rest of Europe); APAC (China, Japan, South Korea, India, Australia, Rest of APAC); South America(Brazil, Argentina, Rest of Americas); RoW (Middle East & Africa).
Key Takeaways
- Increasing automation in various industrial and Governmental sites to avoid threats and to restrict malfunctioning of any system across the globe is analysed to significantly drive the market during the forecast period 2021-2026.
- Digital Imaging is analysed to hold significant share in 2020 owing to the benefits it offers as compared to Film-based imaging. Benefits such as quick detection of damages such as cracks, reduced time of image processing and high speed 3D process control. These advantages tend to propel the market growth of Digital Imaging segment for the X-ray Inspection System Market in the forecast period.
- Food & Beverage is expected to hold the highest market share in the forecast period owing to growing awareness regarding the food safety among the consumers across the globe.
- North America is analysed to grow at highest CAGR during the forecast period owing to the availability of leading industrial players of the Food & Beverage, Aerospace and Military & Defence sector. Moreover, with the presence of different high profile infrastructure locations in this region, the demand of X-ray Inspection systems is expected to witness growth in the forecast period.
Global X-ray Inspection System Market Share, By Region, 2020 (%)
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X-ray Inspection System Market Segment Analysis - By Technique
By Technique, the X-ray Inspection System Market Report is segmented into Film-based Imaging and Digital Imaging (Computed Tomography, Computed Radiography, Interventional Radiology and Direct Radiography. Digital Imaging technique is analysed to hold highest share and grow at highest CAGR of 7.8% during the forecast period 2021-2026 owing to the benefits it offers as compared to Film-based imaging. Benefits such as quick detection of damages such as cracks, reduced time of image processing and high speed 3D process control. The growing use of digital imaging-based 2D and 3D computed tomography X-ray Inspection systems in various industries such as automotive, Aerospace, Electronics and Industrial manufacturing is driving the growth of market.
X-ray Inspection System Market Segment Analysis - By End-Use Industry
By End-Use Industry, the X-ray Inspection System Market Report is segmented into Food & Beverage, Oil & Gas, Manufacturing, Aerospace, Military & Defence, Government Organizations, Automotive, Power Generation, Pharmaceuticals and Others. Oil & Gas is analysed to grow at highest CAGR of 7.1% during the forecast period 2021-2026. X-ray Inspection systems used in Oil & Gas Industries offers users with wide range of advantages and applications which tend to bring pace in its market growth in this segment. X-ray inspection systems are widely used in both the downstream as well as upstream segments of the Oil and Gas Industrial sector. X-ray inspection systems are highly efficient in delivering solutions for the pressure vessels, pipes, boilers, and valves inspections, which tend to drive the growth of this market.
X-ray Inspection System Market Segment Analysis – By Geography
North America is analysed to be the major region with a share of 30% in 2020 for the X-ray Inspection System Market owing to the availability of leading industrial players of the Food & Beverage, Aerospace and Military & Defence sector. Moreover, with the presence of different high profile infrastructure locations in this region, the demand of X-ray Inspection systems is expected to witness growth in the forecast period. For instance, in North America region, the Oil & Gas production output in both Canada and the United States has grown rapidly in the past few years. In fact, according to the International Energy Agency (IEA) forecast, the United State alone is likely to add about 3.7 million barrels of crude oil per day (mb/d) between now and 2023. These factors has brought a significant growth in the demand of X-ray Inspection system further propelling its market growth in North America region.
X-ray Inspection System Market Drivers
Rising application in the Food & Beverage sector are contributing towards X-ray inspection system Market growth
Increasing adoption and demand of X-ray inspection system in food production industries is expected to be the major factor for its market growth in the global market. X-ray Inspection systems for Food & Beverage industry are designed to provide enhanced safety for brand or product protection to maintain the quality and assured consumer protection in food industry. X-ray inspection system provides food and pharmaceutical manufacturers the finest combination of reliability, contaminant detection for stone, metal, high density plastics and glass and low total cost of ownership. In food industry X-ray inspection system provides some benefits such as consumer protection, quality assurance, high ROI, brand protection and risk management, which is further making more demand of X-ray inspection system in food industry. Moreover, X-ray Inspection systems uses technology that can help users to screen for contaminates in packaging or even assist in the development of agricultural hybrids by studying roots, seed structures and more. These rising applications in the Food & Beverage sector tend to drive the X-ray Inspection System Market growth in the forecast period.
Increasing application in the Military equipment and growing consumer awareness is stimulating the market
X-ray Inspection Systems has been developed in recent years to offer its applications in the different Military & Defence equipment. Military & Defence encompasses a wide variety of products which are used to offer safety to the armed personnel. Moreover, protect the citizens or even advance the aerospace industry for various space exploration projects. Industrial X-ray and Computed Tomography inspection is one of the most effective non-destructive testing methods used to confirm product completeness and quality. This is one of the major requirements in the Military & Defence sector to provide high quality inspection system. This high demand of inspection will bring major growth in the applications of X-ray Inspection systems further driving its market growth in the global market. According to Stockholm International Peace Research Institute (SIPRI) Reports 2021, the growth in total military spending in 2020 was largely influenced by expenditure patterns in the United States and China. The USA increased its military spending for the third straight year to reach $778 billion in 2020. These increasing investment in military equipment is attributed to further drive the X-ray Inspection System Market growth. Moreover, increasing consumer awareness and strict government regulations by offering certification under X-ray inspection guidelines for different consumer products has driven its market growth.
X-ray Inspection System Market Challenges
High installation cost and threat of radiation exposure is analysed to hamper the X-ray Inspection Systems market growth
X-ray Inspection systems offers wide range of end-use applications, from consumer goods to different aerospace and military applications. The working of high-efficient X-ray Inspection system is attained with the help of vacuum tube, different control units, x-ray generator and many other components. These components further increase the overall cost of these systems which is expected to bring major challenges in its adoption in global market. Moreover, with the increasing use of X-ray inspection systems for different end-use applications, the threat of radiation exposure which tend to harm the professionals tend to restrain its market growth in the global market. Concern has been expressed that operators may be exposed to harmful levels of radiation from X-ray inspection systems. However, under normal circumstances the level of radiation that an operator in direct contact with an X-ray system will receive is less than that received in a year from natural background radiation.
X-ray Inspection System Market Landscape
Production Innovation, Acquisitions, Collaboration, and R&D activities are key strategies adopted by players in the Security Control Room Market. In 2020, the market of Security Control Room industry outlook has been fragmented by several companies. Security Control Room top 10 companies include
- YXLON International GmbH
- VJ Group, Inc.
- 3DX-RAY Ltd
- VisiConsult X-ray Systems & Solutions GmbH
- Smiths Detection, Inc.
- Mettler-Toledo International Inc.
- General Electric
- Carestream Health Inc.
- Glenbrook Technologies
Acquisitions/Technology Launches/Partnerships
- In May 2020, YXLON International launched their new operating X-ray inspection system with the innovative universal x-ray and CT system YXLON UX20.
Relevant Report Titles:
Report Code: HCR 0249
Report Code: HCR 36304
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1. X-ray Inspection System Market Overview
1.1 Definitions and Scope
2. X-ray Inspection System Market- Executive Summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key trends By Service Type
2.3 Key trends segmented by Geography
3. X-ray Inspection System Market
3.1 Comparative Analysis
3.1.1 Product/Service Benchmarking-Top 5 Companies
3.1.2 Top 5 Financial Analysis
3.1.3 Market Value Split by Top 5 Companies
3.1.4 Patent Analysis
3.1.5 Pricing Analysis
4. X-ray Inspection System Market– By Startup Company Scenario (Premium)
4.1 Investment
4.2 Revenue
4.3 Venture Capital Funding
5. X-ray Inspection System Market– By Industry Market Entry Scenario Premium (Premium)
5.1 Regulatory Framework
5.2 Customer Analysis
5.3 Case Studies
5.4 Ease of Doing Business Index
6. X-ray Inspection System Market- Market Forces
6.1 Market Drivers
6.2 Market Constraints/Challenges
6.3 Porters five force model
6.3.1 Bargaining power of suppliers
6.3.2 Bargaining powers of customers
6.3.3 Network of new entrants
6.3.4 Rivalry among existing players
6.3.5 Network of substitutes
7. X-ray Inspection System Market– By Strategic Analysis (Market Size -$Million/Billion)
7.1 Value Chain Analysis
7.2 Opportunities Analysis
7.3 Product Life Cycle/Market Life Cycle Analysis
7.4 Suppliers and Distributors
8. X-ray Inspection System Market– By Technique
8.1 Film-based Imaging
8.2 Digital Imaging
8.2.1 Computed Tomography
8.2.2 Computed Radiography
8.2.3 Interventional Radiology
8.2.4 Direct Radiography
9. X-ray Inspection System Market– By Dimension
9.1 2-D
9.2 3-D
10. X-ray Inspection System Market– By Range
10.1 Short Range
10.2 Medium Range
10.3 Long Range
11. X-ray Inspection System Market- By End-Use Industry
11.1 Food & Beverage
11.2 Oil & Gas
11.3 Manufacturing
11.4 Aerospace
11.5 Military & Defense
11.6 Government Organizations
11.7 Automotive
11.8 Power Generation
11.9 Pharmaceuticals
11.10 Others
12. X-ray Inspection System Market– By Region
12.1 North America
12.1.1 U.S
12.1.2 Canada
12.1.3 Mexico
12.2 South America
12.2.1 Brazil
12.2.2 Argentina
12.2.3 Rest of South America
12.3 Europe
12.3.1 Germany
12.3.2 France
12.3.3 UK
12.3.4 Italy
12.3.5 Spain
12.3.6 Russia
12.3.7 Rest of Europe
12.4 APAC
12.4.1 China
12.4.2 Japan
12.4.3 South Korea
12.4.4 India
12.4.5 Australia
12.4.6 Rest of APAC
12.5 RoW
12.5.1 Middle East
12.5.2 Africa
13. X-ray Inspection System Market- Industry Landscape Analysis (Premium)
13.1 Market Share by Region
13.2 Market Share by Industry
13.3 Market Share by Type
14. X-ray Inspection System Market- Key Companies by Country (Premium)
15. X-ray Inspection System Market Entropy
15.1 New Product Launches
15.2 M&As, Collaborations, JVs and Partnerships
16. X-ray Inspection System Market- Company Analysis
16.1 YXLON International GmbH
16.2 VJ Group, Inc.
16.3 3DX-RAY Ltd
16.4 VisiConsult X-ray Systems & Solutions GmbH
16.5 Smith’s Detection, Inc.
16.6 Mettler-Toledo International Inc.
16.7 General Electric
16.8 Carestream Health Inc.
16.9 Scienscope International Corp.
16.10 Shenzhen Zhuomao Technology Co., Ltd
16.11 Viscom AG
16.12 Glenbrook Technologies