The factors which are primarily driving the global industrial radiography market are growing demand of industrial radiography in aerospace and automotive industries, strict safety regulations by various governments and need for accuracy of inspection with the integration of advanced software. The growing adoption of industrial radiography methods across its various application areas is helping to reduce wastage significantly along with improving the productivity of manufacturing plants. However, high level of risk associated with exposure radiation and high deployment costs of industrial radiography techniques might hamper the growth of the global market. Factors such as rapid industrialization in developing economies namely Asia Pacific and Middle East and Africa coupled with automation of inspection and testing process are offering potential growth opportunities to the global industrial radiography market.
The global industrial radiography market can be segmented on the basis of imaging technique into digital radiography and film-based radiography. Digital radiography can be further classified into computed radiography, direct radiography and computed tomography. On the basis of application, the global market can be segmented into manufacturing, automotive, power generation, aerospace and gas and petroleum industries.
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In addition, the industrial radiography market can be geographically divided broadly into four regions, namely: North America, Europe, Asia Pacific, RoW (includes Middle East and Africa and South America). The industrial radiography market is witnessing steady growth over the past decade in North America and its dominance is expected to continue throughout the forecast period. Moreover, the global market is expected to expand in the developing regions such as Asia Pacific.
The major players in the industrial radiography market are General Electric (U.S.), Anritsu Corporation (Japan), FujiFilm Holdings Corporation (Japan), PerkinElmer, Inc. (U.S.), Shimadzu Corporation (Japan), 3DX-RAY LTD. (U.K.), Bosello High Technology srl (Italy), COMET Holding AG (Switzerland), Nikon Corporation (Japan) and Mettler-Toledo International Inc. (Switzerland) among others.