Global Industrial Radiography Equipment Market 2017-2021
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:
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.
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.
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