Industrial Radiography Market is estimated to Witness High Growth Owing to Technological Advancements in Digital Radiography
Industrial radiography utilizes high energy radiation, usually X-rays or gamma rays, to inspect materials or capture images of the internal structure of objects without damage. It is commonly used for quality control inspections in various industries including oil & gas, aerospace, automotive, and manufacturing. Industrial radiography provides critical inspection capabilities for evaluating flaws in welds, porosity in castings and components, as well as crack detection. Traditionally film based, industrial radiography has been transitioning rapidly towards digital systems as the technology offers substantial benefits like real-time images, reduced costs, and greater sensitivity.
The Global Industrial Radiography Market is estimated to be valued at US$ 3.12 Bn in 2024 and is expected to exhibit a CAGR of 8.8% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the Industrial Radiography are 3DX-Ray Ltd., Anritsu Corporation, Baker Hughes, Bosello High Technology S.r.L, Comet Group, Fujifilm Corporation, General Electric Company, Mettler-Toledo, Nikon Corporation, Olympus Corporation, PerkinElmer, Inc., Rigaku Corporation, Shimadzu Corporation, Toshiba Electron Tubes & Devices Co., Ltd., and Yxlon International GmbH.
The key opportunities in the market include increased spending on infrastructure projects driving demand from industries such as oil & gas and construction. Industrial Radiography Market Size systems are also gaining traction due to advantages over traditional films such as real-time viewing, reduced costs and higher resolution.
Technological advancements in digital radiography including higher resolution panels, faster imaging times and wireless controls are supporting the transition away from traditional film-based systems. This is expected to boost the demand for industrial radiography equipment during the forecast period.
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