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Industrial X-ray System Market Size

Report ID: GMI7034
Published Date: Oct 2023
Report Format: PDF

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Industrial X-ray System Market Size

Industrial X-Ray System Market size was valued at USD 700.6 million in 2022 and is estimated to register a CAGR of over 8.5% between 2023 and 2032. Increased demand for high-quality products and the need for rigorous quality control and inspection in industries, such as automotive, aerospace, electronics, and manufacturing, are significant factors driving industrial X-ray system adoption.

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Stringent safety regulations and standards in various industries including healthcare, food processing, and aerospace require thorough inspection and testing. Industrial X-ray systems ensure compliance with these regulations. For instance, in March 2023, North Star Imaging launched its new X-ray inspection system, the NSX-3D. It is a high-resolution, 3D X-ray inspection system designed to inspect complex components for defects. Ongoing advancements in X-ray technology including Digital Radiography (DR), Computed Tomography (CT), and high-resolution imaging, have expanded the applications and capabilities of industrial X-ray systems. The trend toward automation and the implementation of Industry 4.0 principles in manufacturing and industrial processes are propelling the adoption of fully automated X-ray systems for quality control and process optimization.

Industrial X-ray System Market Report Attributes
Report Attribute	Details
Base Year:	2022
Industrial X-ray System Market Size in 2022:	USD 700.6 Million
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	8.5%
2032 Value Projection:	USD 1 Billion
Historical Data for:	2018 to 2022
No. of Pages:	300
Tables, Charts & Figures:	292
Segments covered:	Product type & end use
Growth Drivers:	Increasing demand for Non-destructive Testing (NDT) Growing adoption of digital X-ray imaging Expanding use of X-ray systems in new applications Growing expenditure on healthcare infrastructure Research & development proficiencies
Pitfalls & Challenges:	Stringent regulations and safety concerns High initial investments and operational costs

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Industrial X-ray systems can be expensive to purchase and maintain. The initial capital investment, as well as ongoing costs for maintenance and calibration, can be a significant barrier for some organizations, especially smaller businesses. Another factor restraining market growth is meeting stringent regulatory standards, particularly in sectors including healthcare, aerospace, and food production. Ensuring that X-ray systems are consistently in compliance with evolving regulations can be challenging for some businesses.

Authors: Suraj Gujar , Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

Industrial X-ray system industry was worth USD 700.6 million in 2022 and is estimated to expand at over 8.5% CAGR from 2023 to 2032 driven by the rising demand for high-quality products and the dire need for rigorous quality control and inspection across industries.

The manufacturing end-use segment held over 20% market share in 2022 and is projected to generate more than USD 400 million by 2032 attributed to the higher need to detect defects, inconsistencies, and structural issues in materials and products with precision and speed.

North America held more than 30% revenue share of the market in 2022 and is expected to expand at robust pace through 2032 attributed to the diverse industrial base in the region.

Some leading industrial x-ray system companies are Koninklijke Philips N.V (Netherlands), North Star Imaging, Inc. (U.S.), Nikon Metrology NV (Belgium), Nordson DAGE (UK), General Electric Company (U.S.), FUJIFILM Holdings Corporation (Japan), and Hitachi, Ltd. (Japan).