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Global Industrial Radiography Equipment Market 2017-2021

Global Industrial Radiography Equipment Market 2017-2021

About Radiography

Radiography is an imaging technology that uses gamma rays and X-rays to penetrate an object. The image generated helps to identify deformities or defects, which are not visible to the naked eye. The object under purview is exposed to radiation waves, and a film or a digital detector is used to capture an image of the object. This image assists the end-user (industry) to identify defects, if any, on the object; darker areas on the image indicate high levels of radiation, whereas lighter areas indicate low levels radiation.

Technavio’s analysts forecast the global industrial radiography equipment market to grow at a CAGR of 11.07% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global industrial radiography equipment market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Industrial Radiography Equipment Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Comet Group
  • GE Electric (Measurement and Control)
  • Nikon Metrology
  • North Star Imaging
Other prominent vendors
  • 3DX-RAY
  • ADANI
  • Anritsu
  • Bosello High Technology
  • Carestream Health
  • DURR NDT
  • Mettler-Toledo International
  • MATSUSADA PRECISION
  • VIDISCO
  • VJ Group
  • VISION MEDICAID EQUIPMENTS
  • Werth
  • Willick Engineering
Market driver
  • Upgrades of analog X-ray radiography to digital X-ray
  • For a full, detailed list, view our report
Market challenge
  • High set-up cost
  • For a full, detailed list, view our report
Market trend
  • Rising demand for portable radiography equipment
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Industrial Radiography Equipment Market 2017-2021

Technavio recognizes the following companies as the key players in the global industrial radiography equipment market: Comet Group, GE Electric (Measurement and Control), Nikon Metrology, and North Star Imaging.

Other Prominent Vendors in the market are: 3DX-RAY, ADANI, Anritsu, Bosello High Technology, Carestream Health, DURR NDT, Mettler-Toledo International, MATSUSADA PRECISION, VIDISCO, VJ Group, VISION MEDICAID EQUIPMENTS, Werth, and Willick Engineering.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Rising demand for portable radiography equipment. The advent of automated portable radiography equipment has made the use of the same more versatile and generated considerable interest from end-users. As a majority of the inspection activities are carried out in different locations and positions, the development of miniaturized and portable testing equipment is a necessity. For instance, equipment used to test automotive components and other minute components must be small and portable. These systems reduce testing expenditure, as the products can be tested at the vendor's location, thereby eliminating the high installation costs.”

According to the report, one of the major drivers for this market is Upgrades of analog X-ray radiography to digital X-ray. The market is witnessing an increase in the number of system users who want to migrate from their analog X-ray systems to digital X-ray systems. This is because of the flexibility of digital X-ray systems as well as an increasing number of applications associated with these systems. In addition, digital systems offer faster scanning, increased throughput, multiple storage options, and better image quality, while eliminating chemical processing required for films. End-users can generate 3D images using these systems and slice the images to analyze objects better.

Further, the report states that one of the major factors hindering the growth of this market is High set-up cost. The cost of installing a radiography system, specifically DR systems (preferred by users), is considerably high. For instance, the cost of a single plate reader for CR equipment is between $27,000-$209,000, while the cost of a multi-plate reader ranges in between $120,000-$230,000. CT systems are priced even higher with most of systems being priced over $300,000. A majority of the small and medium enterprises (SMEs) have limited budgets and are not able to afford such expensive systems.

Companies Mentioned

Comet Group, GE Electric (Measurement and Control), Nikon Metrology, North Star Imaging, 3DX-RAY, ADANI, Anritsu, Bosello High Technology, Carestream Health, DURR NDT, Mettler-Toledo International, MATSUSADA PRECISION, VIDISCO, VJ Group, VISION MEDICAID EQUIPMENTS, Werth, and Willick Engineering.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
    • Definition of types
  • Market landscape
    • Market overview
      • Table Global industrial radiography equipment market: Overview
    • Global NDT market
      • Table Global NDT market 2016-2021 ($ billions)
      • Table Global NDT equipment market by product 2016 (% share of revenue)
    • Industrial radiography equipment market
      • Table Global industrial radiography equipment market 2016-2021 ($ millions)
      • Table Automobile market forecast 2016-2021 (million units)
      • Table Penetration of portable radiography equipment, 2016-2021 (% share)
  • Five forces analysis
    • Table Five forces analysis
  • Market segmentation by product type
    • Types of industrial radiography equipment
      • Table Global industrial radiography market by product type 2016-2021 (% share of revenue)
      • Table Revenue share of industrial radiography types 2016-2021 ($ millions)
    • Cost comparison
      • Table Cost savings induced by the use of DR in comparison with analog radiography systems
    • DR
      • Table Global industrial radiography equipment market by DR 2016-2021 ($ millions)
    • Analog radiography
      • Table Global industrial radiography equipment market by analog radiography 2016-2021($ millions)
  • Market segmentation by end-user
    • End-user industries of radiography systems
      • Table Global industrial radiography equipment market by type 2016-2021 (% share of revenue)
      • Table Revenue trend-line of the end-users in the global industrial radiography equipment market 2016-2021 ($ millions)
    • Automotive and transportation industry
      • Table Global industrial radiography equipment market for automotive and transportation industry 2016-2021 ($ millions)
    • Aerospace industry
      • Table Global industrial radiography equipment market for automotive and transportation sector 2016-2021 ($ millions)
    • Manufacturing industry
      • Table Global industrial radiography equipment market for manufacturing industry 2016-2021 ($ millions)
    • Power generation industry
      • Table Global industrial radiography equipment market for power generation industry 2016-2021 ($ millions)
    • Petrochemical and gas industry
      • Table Global industrial radiography equipment market for petrochemical and gas industry2016-2021 ($ millions)
  • Geographical segmentation
    • Regional break-up of the radiography market
      • Table Global industrial radiography equipment market: Geographical segmentation 2016-2021 (% share of revenue)
      • Table Revenue trend-line of regions in the global industrial radiography equipment market2016-2021 ($ millions)
    • The Americas
      • Table Industrial radiography equipment market in the Americas 2016-2021 ($ millions)
    • APAC
      • Table Industrial radiography equipment market in APAC 2016-2021 ($ millions)
    • EMEA
      • Table Industrial radiography equipment market in EMEA 2016-2021 ($ millions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Rising demand for portable radiography equipment
    • Customization of radiography equipment
    • Miniaturization of radiography systems
    • Changes in lifestyle impacting food preferences
  • Vendor landscape
    • Competitive scenario
      • Table Factors influencing competition
    • Major Vendors
    • Other prominent vendors
      • Table Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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