According to a Future Market Insights (FMI) report, the global Industrial Digital Radiology Market value is projected to increase from US$ 831.1 Million in 2023 to US$ 1457.4 Million by 2033. Over the forecast period, global demand for industrial digital radiology is anticipated to rise at 5.8% CAGR.
Computed tomography is expected to remain the most popular imaging technology in the industrial digital radiology market. This is due to its several benefits including high speed & efficiency and non-invasive nature. The target segment is set to expand at 5.6% CAGR through 2033.
Growth in the industrial digital radiography market is driven by several factors. These include rapid penetration of industrialization and increasing need for improving quality & safety of critical components and products.
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Industrial digital radiography has become an ideal non-destructive testing technology used for assessing properties of materials, components, and systems. It helps end users to effectively detect flaws and improve product quality and safety.
Growing usage of digital radiology across sectors such as manufacturing, automotive, and aerospace is expected to boost the global industrial digital radiology market. This is due to the ability of industrial digital radiology to enhance quality, safety, and longevity of critical products.
With advancements in digital radiology, its application area is expanding rapidly. From product examination to detection of flow accelerated corrosion and corrosion under insulation, it is emerging as a promising technology for companies.
Key Takeaways from the Industrial Digital Radiography Market Report:
- The global industrial digital radiography market is expected to total a valuation of US$ 1457.4 Million by 2033.
- Based on imaging technology, computed tomography segment is set to thrive at 6% CAGR through 2033.
- By end use, automotive segment is likely to expand at 4% CAGR through 2033.
- The United States market value is predicted to reach US$ 251.4 Million by 2033.
- Demand in South Korea is anticipated to rise at 4% CAGR through 2033.
- China market is projected to total a valuation of US$ 287.4 Million by 2033.
- The United Kingdom market is poised to exhibit a CAGR of 5% CAGR between 2023 and 2033.
- Japan market value is anticipated to reach US$ 210.3 Million by 2033.
Who is Winning?
3DX-Ray, American Testing Services, Anritsu, Applied Technical Services Inc, Ashtead technology Ltd, Bosello High Technology, and Comet Group are among the top players listed in the industrial digital radiography market report.
These top companies are continuously innovating to improve image quality, resolution, and processing times of digital radiography systems. They are also adopting strategies such as new product launches and services, alliances, acquisitions, mergers, partnerships, and to solidify their market positions.
Recent Developments:
- In January 2022, Image Scan introduced ThreatScan-ASI portable X-Ray system for security professionals and bomb squads.
- In May 2020, Creation Technologies acquired Applied Technical Services to expand its presence in Mexico and Pacific Northwest.
Scope of the Report:
| Attribute | Details |
| Estimated Market Value (2023) | US$ 831.1 Million |
| Projected Market Value (2033) | US$ 1457.4 Million |
| Anticipated Growth Rate (2023 to 2033) | 5.8% CAGR |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue (US$ Million) |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
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More Insights Available:
Future Market Insights (FMI), in its new offering, presents an unbiased analysis of the global industrial digital radiography market presenting historical data (2018 to 2022) and forecast statistics for the period from 2023 to 2033.
The study reveals market projections based on imaging technology (computed tomography, computed radiography, and direct radiography), end use (automotive, oil & gas, aerospace & defense, manufacturing, power generation, and others), and region (North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia and Pacific, and Middle East and Africa).
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Key Segments Covered in Industrial Digital Radiography Market:
By Imaging Technology:
- Computed Tomography
- Computed Radiography
- Direct Radiography
By End Use:
- Automotive
- Oil & Gas
- Aerospace & Defense
- Manufacturing
- Power Generation
- Other End Uses
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- East Asia
- South Asia and Pacific
- Middle East and Africa
About Future Market Insights (FMI):
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets.
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