Global radiography test equipment demand is anticipated to be valued at US$ 18 Billion in 2021, forecast to grow at a CAGR of 6.3% to be valued at US$ 35 Billion from 2022 to 2032. Growth is attributed to increasing growth in construction and manufacturing industries coupled with rising demand for radiography testing equipment for material science research in both developed and developing economies.
| Report Attribute | Details |
|---|---|
| Estimated Base Year Value (2021) | US$ 18 Billion |
| Expected Market Value (2022) | US$ 19 Billion |
| Anticipated Forecast Value (2032) | US$ 35 Billion |
| Projected Growth Rate (2022 to 2032) | 6.3% CAGR |
Radiography test equipment is employed in industrial radiography applications which is the primary driver of the market. With the rise in investments in industrial infrastructure, growth is inevitable for the radiography test equipment industry.
Radiography test equipment is employed to test material content used in cement, asphalt, bituminous rocks, and others. Furthermore, this is considered a prerequisite before engaging in any construction activity. With the rise in construction industries and material science labs to conduct testing operations, North America, Europe, and Asia Pacific are expanding. Radiography uses a safe technique to identify internal flaws such as fissures in the material. The technique involves subjecting the material to an ultrasonic wave passing through it and eliminating the requirement of intrusive destructive testing.
Aging infrastructure coupled with incendiary reactions causing fire eruptions in exploding pipelines and power plant leakages drive the market.
The market is being pulled down because of the high costs of the equipment, lack of experienced technicians, and risks of high exposure to radiation have pulled the plugs on the radiography test equipment market.
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Radiography test equipment growth lies in demand from aerospace and automotive sectors with safeguards prominent to industry growth. With the prevalence of digitalization over analogue systems, the radiography test equipment market is emerging as a key industry in different verticals.
When a robust concrete structure shows anomalies in the grain direction and strength, the radiography test equipment market is a viable solution for detecting the variations likewise. Safeguards to electrical equipment are also exhibiting diverse growth in the market which adds to the market growth of the radiography testing equipment market.
Swift development in the manufacturing industry in regional markets including Asia Pacific with countries such as India, China, and Japan is driving the radiography test equipment market. The inherent use of radiography equipment in industries such as electronics, pulp and paper, and semiconductors for testing equipment and complying with industrial regulations is driving the radiography test equipment market.
Some prominent industrial bodies such as the Internal Organization for Standardization (ISO) and the American Society of Mechanical Engineering (ASME) have made it mandatory to follow guidelines to maintain instrument safety which drives the growth prospects of the radiography test equipment market.
The primary challenge the radiography test equipment industry faces is the health constraints associated with exposure to radiation. The other constraints include the dearth of skilled technicians and the high cost of radiography test equipment which are major factors causing growth to backfire in the radiography test equipment market.
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Asia Pacific is witnessing overpowering industrial activity in the region with a boom in the manufacturing, energy, and power sectors. This has created a rapid penetration in the Asia-Pacific market which is expected to grow at a high CAGR during the forecast period.
According to Future Market Insights, North America is expected to hold a major market share in terms of value in the radiography test equipment market due to the rapid adoption of radiography test equipment and non-destructive testing technologies across various industries such as automotive and aerospace, and defense. Furthermore, the radiography test equipment market in the region benefits from high access to skilled labor in the United States of America.
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Some of the major players covered in the radiography test equipment market report are Siemens Healthcare GmbH, Jones X-Ray, Inc, Konica Minolta Business Solutions India Private Limited, Euroteck Systems, Multi, Inc, MXR Imaging Inc, Desert Health Imaging Technologies, LLC, FUJIFILM Corporation and Koninklijke Philips N.V, Johnson and Johnson Services, Inc., B. Braun Melsungen AG, MedicalTek Co., Ltd., and Solos Endoscopy, among other domestic and global players
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 6.3% from 2022 to 2032 |
| Market Value in 2022 | US$ 19 Billion |
| Market Value in 2032 | US$ 35 Billion |
| Base Year for Estimation | 2021 |
| Historical Data | 2015 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Billion, Volume in Kilotons, and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered |
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| Regions Covered |
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| Key Countries Profiled |
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| Key Companies Profiled |
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| Customization | Available Upon Request |
FMI projects the global radiography test equipment market to expand at a 6.3% value CAGR by 2032
Asia Pacific is expected to be the most opportunistic radiography test equipment market expanding at a CAGR
Siemens Healthcare GmbH, Jones X-Ray, Inc, Konica Minolta Business Solutions India Private Limited, Euroteck Systems, are some prominent radiography test equipment manufacturers
1. Executive Summary | Radiography Test Equipment Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and Their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyers
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032
4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2017 to 2021
4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2022 to 2032
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Imaging Methods
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Imaging Methods, 2017 to 2021
5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Imaging Methods, 2022 to 2032
5.3.1. Film Radiography
5.3.2. Digital Radiography
5.3.3. Computed Radiography
5.3.4. Real-time Radiography
5.3.5. Computed Tomography
5.4. Y-o-Y Growth Trend Analysis By Imaging Methods, 2017 to 2021
5.5. Absolute $ Opportunity Analysis By Imaging Methods, 2022 to 2032
6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Industry
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Industry, 2017 to 2021
6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Industry, 2022 to 2032
6.3.1. Automotive
6.3.2. Aerospace & Defence
6.3.3. Oil & Gas
6.3.4. Petrochemical
6.3.5. Energy & Power
6.3.6. Others
6.4. Y-o-Y Growth Trend Analysis By Industry, 2017 to 2021
6.5. Absolute $ Opportunity Analysis By Industry, 2022 to 2032
7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region
7.1. Introduction
7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2017 to 2021
7.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2022 to 2032
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. East Asia
7.3.5. South Asia & Pacific
7.3.6. Middle East and Africa(MEA)
7.4. Market Attractiveness Analysis By Region
8. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
8.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021
8.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032
8.2.1. By Country
8.2.1.1. USA
8.2.1.2. Canada
8.2.2. By Imaging Methods
8.2.3. By Industry
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By Imaging Methods
8.3.3. By Industry
8.4. Key Takeaways
9. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021
9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032
9.2.1. By Country
9.2.1.1. Mexico
9.2.1.2. Brazil
9.2.1.3. Rest of Latin America
9.2.2. By Imaging Methods
9.2.3. By Industry
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Imaging Methods
9.3.3. By Industry
9.4. Key Takeaways
10. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021
10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032
10.2.1. By Country
10.2.1.1. Germany
10.2.1.2. Italy
10.2.1.3. France
10.2.1.4. United Kingdom
10.2.1.5. Spain
10.2.1.6. BENELUX
10.2.1.7. Russia
10.2.1.8. Rest of Europe
10.2.2. By Imaging Methods
10.2.3. By Industry
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Imaging Methods
10.3.3. By Industry
10.4. Key Takeaways
11. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021
11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032
11.2.1. By Country
11.2.1.1. China
11.2.1.2. Japan
11.2.1.3. South Korea
11.2.2. By Imaging Methods
11.2.3. By Industry
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Imaging Methods
11.3.3. By Industry
11.4. Key Takeaways
12. South Asia & Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021
12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032
12.2.1. By Country
12.2.1.1. India
12.2.1.2. ASEAN
12.2.1.3. Australia and New Zealand
12.2.1.4. Rest of South Asia & Pacific
12.2.2. By Imaging Methods
12.2.3. By Industry
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Imaging Methods
12.3.3. By Industry
12.4. Key Takeaways
13. MEA Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021
13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032
13.2.1. By Country
13.2.1.1. GCC Countries
13.2.1.2. Turkey
13.2.1.3. South Africa
13.2.1.4. Rest of Middle East and Africa(MEA)
13.2.2. By Imaging Methods
13.2.3. By Industry
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Imaging Methods
13.3.3. By Industry
13.4. Key Takeaways
14. Key Countries Market Analysis
14.1. USA
14.1.1. Pricing Analysis
14.1.2. Market Share Analysis, 2021
14.1.2.1. By Imaging Methods
14.1.2.2. By Industry
14.2. Canada
14.2.1. Pricing Analysis
14.2.2. Market Share Analysis, 2021
14.2.2.1. By Imaging Methods
14.2.2.2. By Industry
14.3. Mexico
14.3.1. Pricing Analysis
14.3.2. Market Share Analysis, 2021
14.3.2.1. By Imaging Methods
14.3.2.2. By Industry
14.4. Brazil
14.4.1. Pricing Analysis
14.4.2. Market Share Analysis, 2021
14.4.2.1. By Imaging Methods
14.4.2.2. By Industry
14.5. Germany
14.5.1. Pricing Analysis
14.5.2. Market Share Analysis, 2021
14.5.2.1. By Imaging Methods
14.5.2.2. By Industry
14.6. Italy
14.6.1. Pricing Analysis
14.6.2. Market Share Analysis, 2021
14.6.2.1. By Imaging Methods
14.6.2.2. By Industry
14.7. France
14.7.1. Pricing Analysis
14.7.2. Market Share Analysis, 2021
14.7.2.1. By Imaging Methods
14.7.2.2. By Industry
14.8. United Kingdom
14.8.1. Pricing Analysis
14.8.2. Market Share Analysis, 2021
14.8.2.1. By Imaging Methods
14.8.2.2. By Industry
14.9. Spain
14.9.1. Pricing Analysis
14.9.2. Market Share Analysis, 2021
14.9.2.1. By Imaging Methods
14.9.2.2. By Industry
14.10. BENELUX
14.10.1. Pricing Analysis
14.10.2. Market Share Analysis, 2021
14.10.2.1. By Imaging Methods
14.10.2.2. By Industry
14.11. Russia
14.11.1. Pricing Analysis
14.11.2. Market Share Analysis, 2021
14.11.2.1. By Imaging Methods
14.11.2.2. By Industry
14.12. China
14.12.1. Pricing Analysis
14.12.2. Market Share Analysis, 2021
14.12.2.1. By Imaging Methods
14.12.2.2. By Industry
14.13. Japan
14.13.1. Pricing Analysis
14.13.2. Market Share Analysis, 2021
14.13.2.1. By Imaging Methods
14.13.2.2. By Industry
14.14. South Korea
14.14.1. Pricing Analysis
14.14.2. Market Share Analysis, 2021
14.14.2.1. By Imaging Methods
14.14.2.2. By Industry
14.15. India
14.15.1. Pricing Analysis
14.15.2. Market Share Analysis, 2021
14.15.2.1. By Imaging Methods
14.15.2.2. By Industry
14.16. ASEAN
14.16.1. Pricing Analysis
14.16.2. Market Share Analysis, 2021
14.16.2.1. By Imaging Methods
14.16.2.2. By Industry
14.17. Australia and New Zealand
14.17.1. Pricing Analysis
14.17.2. Market Share Analysis, 2021
14.17.2.1. By Imaging Methods
14.17.2.2. By Industry
14.18. GCC Countries
14.18.1. Pricing Analysis
14.18.2. Market Share Analysis, 2021
14.18.2.1. By Imaging Methods
14.18.2.2. By Industry
14.19. Turkey
14.19.1. Pricing Analysis
14.19.2. Market Share Analysis, 2021
14.19.2.1. By Imaging Methods
14.19.2.2. By Industry
14.20. South Africa
14.20.1. Pricing Analysis
14.20.2. Market Share Analysis, 2021
14.20.2.1. By Imaging Methods
14.20.2.2. By Industry
15. Market Structure Analysis
15.1. Competition Dashboard
15.2. Competition Benchmarking
15.3. Market Share Analysis of Top Players
15.3.1. By Regional
15.3.2. By Imaging Methods
15.3.3. By Industry
16. Competition Analysis
16.1. Competition Deep Dive
16.1.1. General Electric
16.1.1.1. Overview
16.1.1.2. Product Portfolio
16.1.1.3. Profitability by Market Segments
16.1.1.4. Sales Footprint
16.1.1.5. Strategy Overview
16.1.1.5.1. Marketing Strategy
16.1.1.5.2. Product Strategy
16.1.1.5.3. Channel Strategy
16.1.2. Nikon Metrology Inc.
16.1.2.1. Overview
16.1.2.2. Product Portfolio
16.1.2.3. Profitability by Market Segments
16.1.2.4. Sales Footprint
16.1.2.5. Strategy Overview
16.1.2.5.1. Marketing Strategy
16.1.2.5.2. Product Strategy
16.1.2.5.3. Channel Strategy
16.1.3. YXLON International
16.1.3.1. Overview
16.1.3.2. Product Portfolio
16.1.3.3. Profitability by Market Segments
16.1.3.4. Sales Footprint
16.1.3.5. Strategy Overview
16.1.3.5.1. Marketing Strategy
16.1.3.5.2. Product Strategy
16.1.3.5.3. Channel Strategy
16.1.4. Olympus Corporation
16.1.4.1. Overview
16.1.4.2. Product Portfolio
16.1.4.3. Profitability by Market Segments
16.1.4.4. Sales Footprint
16.1.4.5. Strategy Overview
16.1.4.5.1. Marketing Strategy
16.1.4.5.2. Product Strategy
16.1.4.5.3. Channel Strategy
16.1.5. Hitachi Ltd.
16.1.5.1. Overview
16.1.5.2. Product Portfolio
16.1.5.3. Profitability by Market Segments
16.1.5.4. Sales Footprint
16.1.5.5. Strategy Overview
16.1.5.5.1. Marketing Strategy
16.1.5.5.2. Product Strategy
16.1.5.5.3. Channel Strategy
16.1.6. Rigaku Corporation
16.1.6.1. Overview
16.1.6.2. Product Portfolio
16.1.6.3. Profitability by Market Segments
16.1.6.4. Sales Footprint
16.1.6.5. Strategy Overview
16.1.6.5.1. Marketing Strategy
16.1.6.5.2. Product Strategy
16.1.6.5.3. Channel Strategy
16.1.7. Carl Zeiss X-ray Technologies Srl
16.1.7.1. Overview
16.1.7.2. Product Portfolio
16.1.7.3. Profitability by Market Segments
16.1.7.4. Sales Footprint
16.1.7.5. Strategy Overview
16.1.7.5.1. Marketing Strategy
16.1.7.5.2. Product Strategy
16.1.7.5.3. Channel Strategy
16.1.8. Canon Inc.
16.1.8.1. Overview
16.1.8.2. Product Portfolio
16.1.8.3. Profitability by Market Segments
16.1.8.4. Sales Footprint
16.1.8.5. Strategy Overview
16.1.8.5.1. Marketing Strategy
16.1.8.5.2. Product Strategy
16.1.8.5.3. Channel Strategy
16.1.9. North Star Imaging Inc.
16.1.9.1. Overview
16.1.9.2. Product Portfolio
16.1.9.3. Profitability by Market Segments
16.1.9.4. Sales Footprint
16.1.9.5. Strategy Overview
16.1.9.5.1. Marketing Strategy
16.1.9.5.2. Product Strategy
16.1.9.5.3. Channel Strategy
16.1.10. Hamamatsu Photonics KK.
16.1.10.1. Overview
16.1.10.2. Product Portfolio
16.1.10.3. Profitability by Market Segments
16.1.10.4. Sales Footprint
16.1.10.5. Strategy Overview
16.1.10.5.1. Marketing Strategy
16.1.10.5.2. Product Strategy
16.1.10.5.3. Channel Strategy
17. Assumptions & Acronyms Used
18. Research Methodology
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Radiography Test Equipment Market
