Global Industrial Radiography Equipment Market 2019-2023
About this market
Growing opportunity for radiography in additive manufacturing to drive growth in the market. Additive manufacturing based on 3D printing has been recording significant development with the introduction of new technologies. With an increase in the use of additive manufacturing, the need for radiographic testing has augmented. Technavio’s analysts have predicted that the industrial radiography equipment market will register a CAGR of almost 14% by 2023.
Growing regulatory compliances on safety
The manufacturers must comply with the policies to avoid product recalls or penalties. Over the years, regulations, pertaining to product quality and safety, in industries, have increased.
High competition in the market
The presence of many regional and international players characterizes global radiography equipment market even though it is moderately concentrated.
For the detailed list of factors that will drive and challenge the growth of the industrial radiography equipment market during the 2019-2023, view our report.
The market appears to be fragmented and with the presence of several companies including Anritsu and Comet Holding the competitive environment is quite intense. Factors such as the rising opportunity for radiography in additive manufacturing and the growing regulatory compliances on safety, will provide considerable growth opportunities to industrial radiography equipment manufactures. Anritsu, Comet Holding (Comet Group), GENERAL ELECTRIC, Illinois Tool Works (North Star Imaging), and Nikon are some of the major companies covered in this report.
Technavio Announces the Publication of its Research Report – Global Industrial Radiography Equipment Market 2019-2023
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the growing opportunity for radiography in additive manufacturing.”
According to the report, one of the major drivers for this market is the growing regulatory compliances on safety.
Further, the report states that one of the major factors hindering the growth of this market is the high competition in the market.
Comet Holding (Comet Group)
Illinois Tool Works (North Star Imaging)
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