Industrial X-Ray Inspection Systems Market to Reach $919.1 Million by 2027, Growing at a CAGR of 8.8% from 2020 with COVID-19 Impact – Meticulous Research® Analysis

By Benzinga5 days ago

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London, Jan. 13, 2021 (GLOBE NEWSWIRE) -- In its latest report, titled “Industrial X-Ray Inspection Systems Market by Component, Dimensions, Imaging Technique (Film-Based Imaging, Digital Imaging), Vertical (Oil and Gas, Aerospace, Automotive, Electronics and Semiconductor) and Geography - Global Forecast to 2027“, Meticulous Research® states that the industrial X-Ray inspection systems market is expected to grow at a CAGR of 8.8% from 2020 to reach $919.1 million by 2027.

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Industrial X-ray inspection systems are used in a wide range of industry verticals. These systems are very effective in uncovering subsurface defects, such as voids and cracks in various solid materials, such as metal, plastic, composites, silicon, and rubber. This is a critical step in product R&D, manufacturing, fabrication, or installation processes.

The industrial X-ray inspection systems market's growth is mainly attributed to the stringent government regulations regarding the safety of assets, increasing consumer awareness for quality standards, and rising security concerns in the strategic infrastructure installations. Moreover, increasing automation in digital X-ray systems, miniaturization of X-ray systems for higher mobility, and increasing user-friendliness due to technological advancements in hardware provides significant growth opportunities for players operating in this market.

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To provide efficient analysis, Meticulous Research® has segmented the overall industrial X-ray inspection systems market based on component (hardware, software, support services, and consumables), dimensions (2D and 3D), imaging technique (film-based and digital imaging), vertical (oil & gas, aerospace, automotive, electronics & semiconductor, public infrastructure, power generation, manufacturing, food & beverage, and other verticals), and geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa).

Based on component, the overall industrial X-ray inspection systems market is segmented into hardware, software, support services, and consumables. In 2020, the hardware segment is poised to command the largest share of the overall industrial X-ray inspection systems market. Technological advancements in radiation sources, flat-panel detectors, and tubes increase the user-friendliness and efficiency of X-ray inspection systems, thereby driving the growth of this segment.

Based on imaging technique, in 2020, the digital imaging segment is projected to command the largest share of the industrial X-ray inspection systems market. Digital imaging techniques are used to mitigate chemical hazards associated with the X-ray process, reduce the amount of radiation ...

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