X-ray Inspection System Market

X-ray Inspection System Market by Technology (Film Based Imaging, Digital Imaging, Computed Tomography, Computed Radiography, Direct Radiography), Dimension (2D, 3D), Vertical (Government Infrastructure, Automotive) & Region-Global Forecast to 2028

Report Code: SE 5476 Oct, 2023, by marketsandmarkets.com

[213 Pages Report] The global X-ray inspection system market was valued at USD 0.8 billion in 2023 and is estimated to reach USD 1.1 billion by 2028, registering a CAGR of 6.2% during the forecast period.

Growing industrialization and technological advancements has driven the demand for X-ray inspection system. Also, the heightened focus on the safety and quality in various industries such as food and pharmaceuticals, and manufacturing, and incrasing investments by the manufacturers are fueling the market growth.

X-ray Inspection System Market

X-ray Inspection System Market

X-ray Inspection System Market Forecast to 2028

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Market Dynamics:

Driver: Increasing awareness among the consumers for quality of the products driving the market

Increasingly, end users are showing a heightened awareness of the importance of product quality and safety. This has led manufacturers to place a higher priority on delivering top-notch products. Moreover, firms specializing in testing, inspection, and certification play a crucial role in ensuring that products meet the necessary quality and standards. These companies are also dedicated to maintaining their reputation by consistently delivering high-quality products and services to their clientele. As a result of this increased consumer awareness, safety and quality standards have been elevated across various industries..

Restraint: High Costs associated with the X-ray inspection system

While X-ray inspection systems offer a guaranteed return on investment by ensuring the protection of intricate machinery, the initial deployment costs associated with these systems present financial obstacles for certain industry players. Many end-users view these expenses as burdens on their company's investments, leading them to prefer third-party inspection services. To illustrate, the average selling price (ASP) of an X-ray inspection system spans from thousands of USD to millions of USD, encompassing not only the equipment cost but also the ongoing research and development expenses required to continually advance the technology. Consequently, the substantial costs related to procuring, installing, and maintaining X-ray inspection systems serve as a constraining factor for the market's growth.

Opportunity: Rising level of automation in the field of manufacturing creates opportunity for X-ray inspection system manufacturers

As manufacturers increasingly adopt automation to improve efficiency and precision in their production processes, there is a significant rise in the demand for advanced quality control and inspection solutions like X-ray systems. These systems play a vital role in guaranteeing product quality, safety, and compliance with industry standards. Automation in manufacturing often involves high-speed production lines and intricate assembly processes, making it challenging for human inspectors to accurately identify defects or irregularities. X-ray inspection systems have become essential tools for defect detection, including cracks, voids, foreign contaminants, or component misalignment, thanks to their capacity to provide detailed and non-destructive product imaging. Furthermore, these systems can operate continuously, 24/7, ensuring consistent and reliable quality control, even in high-volume production settings.

Challenge: Complexity in integration of X-ray inspection system with existing production lines

Incorporating X-ray inspection systems into pre-existing production lines can present a complex and demanding undertaking. Many industrial facilities already have well-established manufacturing processes and equipment in place, and the retrofitting of X-ray systems has the potential to disrupt production workflows. Challenges related to compatibility, encompassing both physical space constraints and the need for operational synchronization, can surface when attempting to seamlessly integrate X-ray inspection technology. Moreover, the process of customizing X-ray inspection systems to meet the specific requirements of a production line often necessitates time and resources, potentially incurring additional expenses.

X-Ray Inspection System Market Ecosystem

The market is consolidated, with major companies such as Mettler Toledo, Nordson Corporation, Comet Group, Anritsu, Viscom AG and numerous small- and medium-sized enterprises. Almost all players offer various products in X-ray inspection systems. These systems are used for applications including manufacturing, oil & gas, aerospace, government infrastructure, automotive, power generation, food & pharmaceuticals, and others.

X-ray Inspection System Market by Ecosystem

Based on technology, digital imaging segment is expected to dominate during the forecast period.

The market is primarily propelled by the seamless integration of digital imaging-based X-ray inspection systems into pre-existing production lines. This integration not only simplifies the process but also results in reduced expenses associated with film and chemicals. Furthermore, it enhances efficiency and offers superior defect detection capabilities, thereby preventing expensive recalls or the need for rework. These advantages, taken together, establish digital imaging-based X-ray inspection systems as the preferred option for industries in search of high-quality and efficient non-destructive testing and inspection solutions.

Based on vertical, the oil & gas segment is projected to have largest market share during the forecast period.

The increasing global energy requirements are compelling the oil and gas industry to expand and enhance their production processes. X-ray inspection systems play a pivotal role in guaranteeing the efficient and secure operation of essential equipment to meet the rising demand for energy. Additionally, the stringent emphasis on safety and regulatory compliance is further propelling the demand for X-ray inspection systems.

Based on region, Asia Pacific is projected to grow fastest for the X-ray inspection system market.

In the projected period, the Asia Pacific region is anticipated to experience the most rapid growth. Countries such as China, India, Japan, and South Korea have undergone significant economic development in recent decades. This economic progress has resulted in heightened levels of industrialization, manufacturing, and trade, subsequently boosting the need for X-ray inspection systems across various industries. Additionally, the Asia-Pacific region serves as a prominent manufacturing center, encompassing a strong manufacturing sector that extends into electronics, automotive, aerospace, food and beverages, and various other industries.

X-ray Inspection System Market by Region

X-ray Inspection System Market by Region

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Key Market Players

The X-ray inspection system companies is dominated by a few globally established players such as Mettler Toledo (US), Nordson Corporation (US), Comet Group (Switzerland), Anritsu (Japan), Viscom AG (Germany), North Star Imaging Inc. (US), Nikon Corporation (Japan), Ishida Co. Ltd. (Japan), Omron Corporation (Japan), and Toshiba IT & Control Systems Corporation (Japan).

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Scope of the Report

Report Metric

Details

Estimated Value USD 0.8 billion in 2023
Projected Value USD 1.1 billion by 2028
Growth Rate CAGR of 6.2%

Market Size Availability for Years

2019–2028

Base Year

2022

Forecast Period

2023–2028

Forecast Units

Value (USD)

Segments Covered

By technology, dimension, vertical, and region

Geographies Covered

North America, Europe, Asia Pacific, and Rest of the world

Companies Covered

Mettler Toledo (US), Nordson Corporation (US), Comet Group (Switzerland), Anritsu (Japan), Viscom AG (Germany), North Star Imaging Inc. (US), Nikon Corporation (Japan), Ishida Co. Ltd. (Japan), Omron Corporation (Japan), and Toshiba IT & Control Systems Corporation (Japan)

X-ray Inspection System Market Highlights

This research report categorizes the market based on technology, dimension, application, and region

Segment

Subsegment

Based on Technology:

  • Digital Imaging
  • Film Based Imaging

Based on Dimension:

  • 2D
  • 3D

Based on Vertical:

  • Manufacturing
  • Oil & gas
  • Aerospace
  • Government Infrastructure
  • Automotive
  • Power Generation
  • Food & Pharmaceuticals
  • Others

Based on Region:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • Japan
    • India
    • Rest of APAC
  • Rest of the world (RoW)
    • South America
    • Middle East and Africa

Recent Developments

  • In July 2023, Nikon Americas Inc, the United States subsidiary of Nikon Corporation, has acquired Avonix Imaging LLC, a US-based company located in Maple Grove, Minnesota. Avonix has served as a strategic manufacturing partner for X-ray CT (computed tomography) equipment to Nikon's Industrial Metrology Business Unit (IMBU) since 2015.
  • In May 2023, Mettler Toledo Product Inspection has introduced the X2 Series of high-performance X-ray systems, aimed at elevating product safety while maintaining an affordable price range accessible to all food manufacturers. With two X-ray systems currently included in the X2 Series, X-ray inspection is now within reach for manufacturers across different budget ranges. These systems also provide manufacturers with long-lasting and superior-performing software.
  • In April 2023, Nikon Corporation has launched VOXLS 40 C 450 which is able to examine objects of varying sizes and densities both internally and externally, making it highly versatile for a wide range of applications across industries, inspection agencies, and academic institutions.
  • In April 2023, Nikon Corporation has announced to launch VOXLS 30 C 450 and VOXLS 30 M 450 which provide 450kV and 450 watts of continuous X-ray power. This level of power is notably high for a microfocus system and facilitates the efficient inspection of samples, even those that are thick and dense
  • In September 2022, Mettler Toledo's new DXD and DXD+ dual-energy detector technology has been fine-tuned for the precise identification of foreign objects like calcified bone, low-mineral glass, rubber, and select plastics. These particular contaminants are typically challenging to spot within the complex and intricate X-ray images created by products that are overlapping or have various textures, such as pasta packaging, chicken breasts, sausages, and frozen potato-based items.
  • In February 2022, Comet Group has launched new computed tomography system UX 50. Boasting a 450 kV output, the UX50 is ideal for examining dense and sizable components, offering unparalleled flexibility due to the option of equipping it with either flat-panel detectors, line detectors, or both.

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 21)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 STUDY SCOPE 
           1.3.1 MARKETS COVERED
                    FIGURE 1 X-RAY INSPECTION SYSTEM MARKET: SEGMENTATION
           1.3.2 REGIONAL SCOPE
           1.3.3 YEARS CONSIDERED
    1.4 IMPACT OF RECESSION 
    1.5 CURRENCY CONSIDERED 
    1.6 STAKEHOLDERS 
    1.7 LIMITATIONS 
    1.8 SUMMARY OF CHANGES 
 
2 RESEARCH METHODOLOGY (Page No. - 26)
    2.1 RESEARCH APPROACH 
           FIGURE 2 X-RAY INSPECTION SYSTEM MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 List of major secondary sources
                    2.1.1.2 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key data from primary sources
                    2.1.2.2 Key industry insights
                    2.1.2.3 Breakdown of primaries
                               FIGURE 3 BREAKDOWN OF PRIMARIES
    2.2 FACTOR ANALYSIS 
           FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH (SUPPLY SIDE)—REVENUE GENERATED BY COMPANIES FROM SALES OF X-RAY INSPECTION SYSTEMS
    2.3 MARKET SIZE ESTIMATION 
           2.3.1 BOTTOM-UP APPROACH
                    2.3.1.1 Approach to derive market size using bottom-up analysis
                               FIGURE 5 X-RAY INSPECTION SYSTEM MARKET: BOTTOM-UP APPROACH
           2.3.2 TOP-DOWN APPROACH
                    2.3.2.1 Approach to derive market size using top-down analysis (supply side)
                               FIGURE 6 X-RAY INSPECTION SYSTEM MARKET: TOP-DOWN APPROACH
    2.4 DATA TRIANGULATION 
           FIGURE 7 DATA TRIANGULATION
    2.5 RESEARCH ASSUMPTIONS 
    2.6 PARAMETERS CONSIDERED TO ANALYZE IMPACT OF RECESSION ON X-RAY INSPECTION SYSTEM MARKET 
           TABLE 1 ASSUMPTIONS: RECESSION
 
3 EXECUTIVE SUMMARY (Page No. - 36)
    FIGURE 8 DIGITAL IMAGING TO DISPLAY HIGHER CAGR DURING FORECAST PERIOD
    FIGURE 9 2D DIMENSION SEGMENT TO DOMINATE MARKET IN 2028
    FIGURE 10 MANUFACTURING SEGMENT TO EXHIBIT HIGHEST CAGR FROM 2023 TO 2028
    FIGURE 11 ASIA PACIFIC TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD
 
4 PREMIUM INSIGHTS (Page No. - 39)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN X-RAY INSPECTION SYSTEM MARKET 
           FIGURE 12 STRINGENT MANUFACTURING STANDARDS TO FUEL DEMAND FOR X-RAY INSPECTION SYSTEMS DURING FORECAST PERIOD
    4.2 X-RAY INSPECTION SYSTEM MARKET, BY TECHNOLOGY 
           FIGURE 13 DIGITAL IMAGING CAPTURED LARGEST MARKET SHARE IN 2022
    4.3 X-RAY INSPECTION SYSTEM MARKET, BY DIMENSION 
           FIGURE 14 2D SEGMENT TO SECURE LARGER MARKET SHARE DURING FORECAST PERIOD
    4.4 X-RAY INSPECTION SYSTEM MARKET, BY VERTICAL AND REGION 
           FIGURE 15 OIL & GAS SEGMENT AND NORTH AMERICA TO DOMINATE MARKET IN 2028
    4.5 X-RAY INSPECTION SYSTEM MARKET, BY REGION 
           FIGURE 16 INDIA TO REGISTER HIGHEST CAGR FROM 2023 TO 2028
 
5 MARKET OVERVIEW (Page No. - 42)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           FIGURE 17 X-RAY INSPECTION SYSTEM MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Rising need for inspection services due to evolving regulations and quality standards
                    5.2.1.2 Surging requirement for precise and high-quality automotive components to ensure safety
                    5.2.1.3 Rising preference of consumers for defect-free products
                    5.2.1.4 Increasing focus of food industry on safety and quality
                               FIGURE 18 X-RAY INSPECTION SYSTEM MARKET: IMPACT ANALYSIS OF DRIVERS
           5.2.2 RESTRAINTS
                    5.2.2.1 High costs of deployment and maintenance
                    5.2.2.2 Risk of exposure to ionizing radiation
                               FIGURE 19 X-RAY INSPECTION SYSTEM MARKET: IMPACT ANALYSIS OF RESTRAINTS
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Integration of robotics into X-ray inspection equipment
                    5.2.3.2 Rapid industrialization in emerging economies
                               FIGURE 20 X-RAY INSPECTION SYSTEM MARKET: IMPACT ANALYSIS OF OPPORTUNITIES
           5.2.4 CHALLENGES
                    5.2.4.1 Integration of X-ray inspection systems with existing production lines
                    5.2.4.2 Availability of alternative inspection technologies
                               FIGURE 21 X-RAY INSPECTION SYSTEM MARKET: IMPACT ANALYSIS OF CHALLENGES
    5.3 VALUE CHAIN ANALYSIS 
           FIGURE 22 X-RAY INSPECTION SYSTEM MARKET: VALUE CHAIN ANALYSIS
    5.4 ECOSYSTEM MAPPING 
           FIGURE 23 X-RAY INSPECTION SYSTEM MARKET: ECOSYSTEM MAPPING
           TABLE 2 COMPANIES AND THEIR ROLES IN X-RAY INSPECTION SYSTEM ECOSYSTEM
    5.5 PRICING ANALYSIS 
           5.5.1 AVERAGE PRICING ANALYSIS (ASP) TREND OF X-RAY INSPECTION SYSTEMS
                    FIGURE 24 AVERAGE SELLING PRICE (ASP) OF X-RAY INSPECTION SYSTEMS OFFERED BY TOP THREE KEY PLAYERS
                    TABLE 3 AVERAGE SELLING PRICE (ASP) OF X-RAY INSPECTION SYSTEMS OFFERED BY TOP THREE KEY PLAYERS
           5.5.2 AVERAGE SELLING PRICE (ASP) TREND OF X-RAY INSPECTION SYSTEM, BY REGION
                    TABLE 4 AVERAGE SELLING PRICE (ASP) TREND OF X-RAY INSPECTION SYSTEMS, BY REGION
    5.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 
           FIGURE 25 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
    5.7 TECHNOLOGY ANALYSIS 
           5.7.1 COMPUTED TOMOGRAPHY (CT) SCANNING
           5.7.2 3D IMAGING
           5.7.3 ARTIFICIAL INTELLIGENCE (AI) AND MACHINE LEARNING (ML)
           5.7.4 COMPUTER VISION
    5.8 PORTER’S FIVE FORCES ANALYSIS 
           FIGURE 26 X-RAY INSPECTION SYSTEM MARKET: PORTER’S FIVE FORCES ANALYSIS
           TABLE 5 X-RAY INSPECTION SYSTEM MARKET: PORTER’S FIVE FORCES ANALYSIS
           5.8.1 INTENSITY OF COMPETITIVE RIVALRY
           5.8.2 BARGAINING POWER OF SUPPLIERS
           5.8.3 BARGAINING POWER OF BUYERS
           5.8.4 THREAT OF SUBSTITUTES
           5.8.5 THREAT OF NEW ENTRANTS
    5.9 KEY STAKEHOLDERS AND BUYING CRITERIA 
           5.9.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 27 KEY STAKEHOLDERS IN BUYING PROCESS FOR TOP THREE VERTICALS
                    TABLE 6 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE VERTICALS
           5.9.2 BUYING CRITERIA
                    FIGURE 28 KEY BUYING CRITERIA FOR TOP THREE VERTICALS
                    TABLE 7 KEY BUYING CRITERIA FOR TOP THREE VERTICALS
    5.10 CASE STUDY ANALYSIS 
           TABLE 8 KRI-KRI S.A. INSTALLS METTLER TOLEDO’S X-RAY INSPECTION SYSTEM TO MAINTAIN PRODUCT SAFETY
           TABLE 9 METTLER TOLEDO INSTALLS FIVE SAFELINE X-RAY INSPECTION SYSTEMS FOR ANDESEN AND SONS
           TABLE 10 J&J SNACK FOODS INSTALLS X-RAY INSPECTION SYSTEMS OFFERED BY METTLER-TOLEDO SAFELINE
           TABLE 11 LOMA INCORPORATES EIGHT X5 SPACE SAVER X-RAY UNITS INTO KEPAK'S PRODUCTION LINES TO MEET QUALITY STANDARDS FOR CONTAMINANT DETECTION
           TABLE 12 FAMOUS BRANDS CHEESE COMPANY LTD. COLLABORATES WITH ISHIDA TO UPGRADE ITS INSPECTION SYSTEMS
    5.11 TRADE ANALYSIS 
           5.11.1 IMPORT SCENARIO
                    FIGURE 29 IMPORT DATA FOR X-RAY INSPECTION SYSTEMS, BY COUNTRY, 2018–2022 (USD MILLION)
           5.11.2 EXPORT SCENARIO
                    FIGURE 30 EXPORT DATA FOR X-RAY INSPECTION SYSTEMS, BY COUNTRY, 2018–2022 (USD MILLION)
    5.12 PATENT ANALYSIS 
           FIGURE 31 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS
           TABLE 13 TOP 20 PATENT OWNERS IN US IN LAST 10 YEARS
           FIGURE 32 NUMBER OF PATENTS GRANTED PER YEAR, 2013–2023
           TABLE 14 X-RAY INSPECTION SYSTEM MARKET: LIST OF PATENTS, 2021–2023
    5.13 KEY CONFERENCES AND EVENTS, 2023–2025 
           TABLE 15 X-RAY INSPECTION SYSTEM MARKET: LIST OF CONFERENCES AND EVENTS
           5.13.1 TARIFF ANALYSIS
                    TABLE 16 MFN TARIFF FOR HS CODE 902219-COMPLIANT PRODUCTS EXPORTED BY JAPAN
                    TABLE 17 MFN TARIFF FOR HS CODE 902219-COMPLIANT PRODUCTS EXPORTED BY CHINA
    5.14 REGULATORY LANDSCAPE AND STANDARDS 
           5.14.1 REGULATORY BODIES, GOVERNMENT AGENCIES AND OTHER ORGANIZATIONS
                    TABLE 18 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 19 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 20 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 21 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           5.14.2 STANDARDS
 
6 X-RAY INSPECTION SYSTEM MARKET, BY TECHNOLOGY (Page No. - 68)
    6.1 INTRODUCTION 
           FIGURE 33 X-RAY INSPECTION SYSTEM MARKET, BY TECHNOLOGY
           FIGURE 34 DIGITAL IMAGING SEGMENT TO RECORD HIGHER CAGR DURING FORECAST PERIOD
           TABLE 22 X-RAY INSPECTION SYSTEM MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
           TABLE 23 X-RAY INSPECTION SYSTEM MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
           TABLE 24 X-RAY INSPECTION SYSTEM MARKET, BY DIGITAL IMAGING, 2019–2022 (USD MILLION)
           TABLE 25 X-RAY INSPECTION SYSTEM MARKET, BY DIGITAL IMAGING, 2023–2028 (USD MILLION)
    6.2 FILM-BASED IMAGING 
           6.2.1 COST EFFICIENCY AND SUSTAINABILITY FEATURES TO FUEL DEMAND
                    TABLE 26 FILM-BASED IMAGING: X-RAY INSPECTION SYSTEM MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
                    TABLE 27 FILM-BASED IMAGING: X-RAY INSPECTION SYSTEM MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
    6.3 DIGITAL IMAGING 
                    TABLE 28 DIGITAL IMAGING: X-RAY INSPECTION SYSTEM MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
                    TABLE 29 DIGITAL IMAGING: X-RAY INSPECTION SYSTEM MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
           6.3.1 COMPUTED TOMOGRAPHY
                    6.3.1.1 Increasing complexity of manufacturing and quality control processes to fuel segmental growth
                               TABLE 30 COMPUTED TOMOGRAPHY: X-RAY INSPECTION SYSTEM MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
                               TABLE 31 COMPUTED TOMOGRAPHY: X-RAY INSPECTION SYSTEM MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
           6.3.2 COMPUTED RADIOGRAPHY
                    6.3.2.1 Rising focus on reducing operating costs to foster segmental growth
                               TABLE 32 COMPUTED RADIOGRAPHY: X-RAY INSPECTION SYSTEM MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
                               TABLE 33 COMPUTED RADIOGRAPHY: X-RAY INSPECTION SYSTEM MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
           6.3.3 DIRECT RADIOGRAPHY
                    6.3.3.1 Capacity to swiftly identify defects and enhance safety to boost adoption of technology
                               TABLE 34 DIRECT RADIOGRAPHY: X-RAY INSPECTION SYSTEM MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
                               TABLE 35 DIRECT RADIOGRAPHY: X-RAY INSPECTION SYSTEM MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
 
7 X-RAY INSPECTION SYSTEM MARKET, BY DIMENSION (Page No. - 78)
    7.1 INTRODUCTION 
           FIGURE 35 X-RAY INSPECTION SYSTEM MARKET, BY DIMENSION
           FIGURE 36 3D SEGMENT TO RECORD HIGHER CAGR DURING FORECAST PERIOD
           TABLE 36 X-RAY INSPECTION SYSTEM MARKET, BY DIMENSION, 2019–2022 (USD MILLION)
           TABLE 37 X-RAY INSPECTION SYSTEM MARKET, BY DIMENSION, 2023–2028 (USD MILLION)
    7.2 2D 
           7.2.1 SIMPLIFIED INTEGRATION AND COST-EFFECTIVENESS TO BOOST SEGMENTAL GROWTH
                    TABLE 38 2D: X-RAY INSPECTION SYSTEM MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
                    TABLE 39 2D: X-RAY INSPECTION SYSTEM MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
    7.3 3D 
           7.3.1 COMPLEX AND STRINGENT QUALITY CONTROL REQUIREMENTS TO FUEL MARKET GROWTH
                    TABLE 40 3D: X-RAY INSPECTION SYSTEM MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
                    TABLE 41 3D: X-RAY INSPECTION SYSTEM MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
 
8 X-RAY INSPECTION SYSTEM MARKET, BY VERTICAL (Page No. - 83)
    8.1 INTRODUCTION 
           FIGURE 37 X-RAY INSPECTION SYSTEM MARKET, BY VERTICAL
           FIGURE 38 MANUFACTURING SEGMENT TO DISPLAY HIGHEST CAGR DURING FORECAST PERIOD
           TABLE 42 X-RAY INSPECTION SYSTEM MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
           TABLE 43 X-RAY INSPECTION SYSTEM MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
    8.2 MANUFACTURING 
           8.2.1 ADVENT OF INDUSTRY 4.0 IN MANUFACTURING PROCESSES TO BOOST DEMAND
           FIGURE 39 ASIA PACIFIC TO DOMINATE X-RAY INSPECTION SYSTEM MARKET FOR MANUFACTURING DURING FORECAST PERIOD
                    TABLE 44 MANUFACTURING: X-RAY INSPECTION SYSTEM MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
                    TABLE 45 MANUFACTURING: X-RAY INSPECTION SYSTEM MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
                    TABLE 46 MANUFACTURING: X-RAY INSPECTION SYSTEM MARKET, BY DIGITAL IMAGING, 2019–2022 (USD MILLION)
                    TABLE 47 MANUFACTURING: X-RAY INSPECTION SYSTEM MARKET, BY DIGITAL IMAGING, 2023–2028 (USD MILLION)
                    TABLE 48 MANUFACTURING: X-RAY INSPECTION SYSTEM MARKET, BY DIMENSION, 2019–2022 (USD MILLION)
                    TABLE 49 MANUFACTURING: X-RAY INSPECTION SYSTEM MARKET, BY DIMENSION, 2023–2028 (USD MILLION)
                    TABLE 50 MANUFACTURING: X-RAY INSPECTION SYSTEM MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 51 MANUFACTURING: X-RAY INSPECTION SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)
    8.3 OIL & GAS 
           8.3.1 PRESSING NEED TO COMPLY WITH INDUSTRY STANDARDS TO DRIVE MARKET
           FIGURE 40 ASIA PACIFIC TO WITNESS HIGHEST CAGR DURING FORECAST PERIOD
                    TABLE 52 OIL & GAS: X-RAY INSPECTION SYSTEM MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
                    TABLE 53 OIL & GAS: X-RAY INSPECTION SYSTEM MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
                    TABLE 54 OIL & GAS: X-RAY INSPECTION SYSTEM MARKET, BY DIGITAL IMAGING, 2019–2022 (USD MILLION)
                    TABLE 55 OIL & GAS: X-RAY INSPECTION SYSTEM MARKET, BY DIGITAL IMAGING, 2023–2028 (USD MILLION)
                    TABLE 56 OIL & GAS: X-RAY INSPECTION SYSTEM MARKET, BY DIMENSION, 2019–2022 (USD MILLION)
                    TABLE 57 OIL & GAS: X-RAY INSPECTION SYSTEM MARKET, BY DIMENSION, 2023–2028 (USD MILLION)
                    TABLE 58 OIL & GAS: X-RAY INSPECTION SYSTEM MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 59 OIL & GAS: X-RAY INSPECTION SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)
    8.4 AEROSPACE 
           8.4.1 HIGH FOCUS ON SAFETY AND PRECISION TO DRIVE DEMAND
                    TABLE 60 AEROSPACE: X-RAY INSPECTION SYSTEM MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
                    TABLE 61 AEROSPACE: X-RAY INSPECTION SYSTEM MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
                    TABLE 62 AEROSPACE: X-RAY INSPECTION SYSTEM MARKET, BY DIGITAL IMAGING, 2019–2022 (USD MILLION)
                    TABLE 63 AEROSPACE: X-RAY INSPECTION SYSTEM MARKET, BY DIGITAL IMAGING, 2023–2028 (USD MILLION)
                    TABLE 64 AEROSPACE: X-RAY INSPECTION SYSTEM MARKET, BY DIMENSION, 2019–2022 (USD MILLION)
                    TABLE 65 AEROSPACE: X-RAY INSPECTION SYSTEM MARKET, BY DIMENSION, 2023–2028 (USD MILLION)
                    TABLE 66 AEROSPACE: X-RAY INSPECTION SYSTEM MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 67 AEROSPACE: X-RAY INSPECTION SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)
    8.5 GOVERNMENT INFRASTRUCTURE 
           8.5.1 EXPANSION AND MODERNIZATION OF AIRPORTS TO FUEL DEMAND
                    TABLE 68 GOVERNMENT INFRASTRUCTURE: X-RAY INSPECTION SYSTEM MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
                    TABLE 69 GOVERNMENT INFRASTRUCTURE: X-RAY INSPECTION SYSTEM MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
                    TABLE 70 GOVERNMENT INFRASTRUCTURE: X-RAY INSPECTION SYSTEM MARKET, BY DIGITAL IMAGING, 2019–2022 (USD MILLION)
                    TABLE 71 GOVERNMENT INFRASTRUCTURE: X-RAY INSPECTION SYSTEM MARKET, BY DIGITAL IMAGING, 2023–2028 (USD MILLION)
                    TABLE 72 GOVERNMENT INFRASTRUCTURE: X-RAY INSPECTION SYSTEM MARKET, BY DIMENSION, 2019–2022 (USD MILLION)
                    TABLE 73 GOVERNMENT INFRASTRUCTURE: X-RAY INSPECTION SYSTEM MARKET, BY DIMENSION, 2023–2028 (USD MILLION)
                    TABLE 74 GOVERNMENT INFRASTRUCTURE: X-RAY INSPECTION SYSTEM MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 75 GOVERNMENT INFRASTRUCTURE: X-RAY INSPECTION SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)
    8.6 AUTOMOTIVE 
           8.6.1 ABILITY TO DETECT CAST AND WELDED COMPONENTS WITHIN AUTOMOTIVE CHASSIS SYSTEMS TO BOOST DEMAND
                    TABLE 76 AUTOMOTIVE: X-RAY INSPECTION SYSTEM MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
                    TABLE 77 AUTOMOTIVE: X-RAY INSPECTION SYSTEM MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
                    TABLE 78 AUTOMOTIVE: X-RAY INSPECTION SYSTEM MARKET, BY DIGITAL IMAGING, 2019–2022 (USD MILLION)
                    TABLE 79 AUTOMOTIVE: X-RAY INSPECTION SYSTEM MARKET, BY DIGITAL IMAGING, 2023–2028 (USD MILLION)
                    TABLE 80 AUTOMOTIVE: X-RAY INSPECTION SYSTEM MARKET, BY DIMENSION, 2019–2022 (USD MILLION)
                    TABLE 81 AUTOMOTIVE: X-RAY INSPECTION SYSTEM MARKET, BY DIMENSION, 2023–2028 (USD MILLION)
                    TABLE 82 AUTOMOTIVE: X-RAY INSPECTION SYSTEM MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 83 AUTOMOTIVE: X-RAY INSPECTION SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)
    8.7 POWER GENERATION 
           8.7.1 GLOBAL SURGE IN ENERGY CONSUMPTION TO FOSTER SEGMENTAL GROWTH
                    TABLE 84 POWER GENERATION: X-RAY INSPECTION SYSTEM MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
                    TABLE 85 POWER GENERATION: X-RAY INSPECTION SYSTEM MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
                    TABLE 86 POWER GENERATION: X-RAY INSPECTION SYSTEM MARKET, BY DIGITAL IMAGING, 2019–2022 (USD MILLION)
                    TABLE 87 POWER GENERATION: X-RAY INSPECTION SYSTEM MARKET, BY DIGITAL IMAGING, 2023–2028 (USD MILLION)
                    TABLE 88 POWER GENERATION: X-RAY INSPECTION SYSTEM MARKET, BY DIMENSION, 2019–2022 (USD MILLION)
                    TABLE 89 POWER GENERATION: X-RAY INSPECTION SYSTEM MARKET, BY DIMENSION, 2023–2028 (USD MILLION)
                    TABLE 90 POWER GENERATION: X-RAY INSPECTION SYSTEM MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 91 POWER GENERATION: X-RAY INSPECTION SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)
    8.8 FOOD & PHARMACEUTICALS 
           8.8.1 NEED TO DETECT CONTAMINANTS IN FOOD ITEMS AND PHARMACEUTICALS TO DRIVE MARKET
                    TABLE 92 FOOD & PHARMACEUTICALS: X-RAY INSPECTION SYSTEM MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
                    TABLE 93 FOOD & PHARMACEUTICALS: X-RAY INSPECTION SYSTEM MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
                    TABLE 94 FOOD & PHARMACEUTICALS: X-RAY INSPECTION SYSTEM MARKET, BY DIGITAL IMAGING, 2019–2022 (USD MILLION)
                    TABLE 95 FOOD & PHARMACEUTICALS: X-RAY INSPECTION SYSTEM MARKET, BY DIGITAL IMAGING, 2023–2028 (USD MILLION)
                    TABLE 96 FOOD & PHARMACEUTICALS: X-RAY INSPECTION SYSTEM MARKET, BY DIMENSION, 2019–2022 (USD MILLION)
                    TABLE 97 FOOD & PHARMACEUTICALS: X-RAY INSPECTION SYSTEM MARKET, BY DIMENSION, 2023–2028 (USD MILLION)
                    TABLE 98 FOOD & PHARMACEUTICALS: X-RAY INSPECTION SYSTEM MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 99 FOOD & PHARMACEUTICALS: X-RAY INSPECTION SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)
    8.9 OTHERS 
           TABLE 100 OTHERS: X-RAY INSPECTION SYSTEM MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
           TABLE 101 OTHERS: X-RAY INSPECTION SYSTEM MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
           TABLE 102 OTHERS: X-RAY INSPECTION SYSTEM MARKET, BY DIGITAL IMAGING, 2019–2022 (USD MILLION)
           TABLE 103 OTHERS: X-RAY INSPECTION SYSTEM MARKET, BY DIGITAL IMAGING, 2023–2028 (USD MILLION)
           TABLE 104 OTHERS: X-RAY INSPECTION SYSTEM MARKET, BY DIMENSION, 2019–2022 (USD MILLION)
           TABLE 105 OTHERS: X-RAY INSPECTION SYSTEM MARKET, BY DIMENSION, 2023–2028 (USD MILLION)
           TABLE 106 OTHERS: X-RAY INSPECTION SYSTEM MARKET, BY REGION, 2019–2022 (USD MILLION)
           TABLE 107 OTHERS: X-RAY INSPECTION SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)
 
9 X-RAY INSPECTION SYSTEM MARKET, BY REGION (Page No. - 108)
    9.1 INTRODUCTION 
           FIGURE 41 X-RAY INSPECTION SYSTEM MARKET, BY REGION
           FIGURE 42 ASIA PACIFIC TO DISPLAY HIGHEST CAGR DURING FORECAST PERIOD
           TABLE 108 X-RAY INSPECTION SYSTEM MARKET, BY REGION, 2019–2022 (USD MILLION)
           TABLE 109 X-RAY INSPECTION SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)
    9.2 NORTH AMERICA 
           FIGURE 43 NORTH AMERICA: X-RAY INSPECTION SYSTEM MARKET SNAPSHOT
           9.2.1 NORTH AMERICA: IMPACT OF RECESSION
                    TABLE 110 NORTH AMERICA: X-RAY INSPECTION SYSTEM MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                    TABLE 111 NORTH AMERICA: X-RAY INSPECTION SYSTEM MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                    TABLE 112 NORTH AMERICA: X-RAY INSPECTION SYSTEM MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
                    TABLE 113 NORTH AMERICA: X-RAY INSPECTION SYSTEM MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
           9.2.2 US
                    9.2.2.1 Presence of established manufacturers to fuel market growth
           9.2.3 CANADA
                    9.2.3.1 Commitment to sustainability to fuel market growth
           9.2.4 MEXICO
                    9.2.4.1 Increasing need for efficient manufacturing processes to drive market growth
    9.3 EUROPE 
           FIGURE 44 EUROPE: X-RAY INSPECTION SYSTEM MARKET SNAPSHOT
           9.3.1 EUROPE: IMPACT OF RECESSION
                    TABLE 114 EUROPE: X-RAY INSPECTION SYSTEM MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                    TABLE 115 EUROPE: X-RAY INSPECTION SYSTEM MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                    TABLE 116 EUROPE: X-RAY INSPECTION SYSTEM MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
                    TABLE 117 EUROPE: X-RAY INSPECTION SYSTEM MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
           9.3.2 UK
                    9.3.2.1 Increasing public–private investments in technology sector to boost demand
           9.3.3 GERMANY
                    9.3.3.1 Thriving automotive sector to offer lucrative opportunities to players
           9.3.4 FRANCE
                    9.3.4.1 Developing EV market to boost demand
           9.3.5 ITALY
                    9.3.5.1 Rising focus on food safety and quality control to drive market
           9.3.6 REST OF EUROPE
    9.4 ASIA PACIFIC 
           FIGURE 45 ASIA PACIFIC: X-RAY INSPECTION SYSTEM MARKET SNAPSHOT
           9.4.1 ASIA PACIFIC: IMPACT OF RECESSION
                    TABLE 118 ASIA PACIFIC: X-RAY INSPECTION SYSTEM MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                    TABLE 119 ASIA PACIFIC: X-RAY INSPECTION SYSTEM MARKET BY COUNTRY, 2023–2028 (USD MILLION)
                    TABLE 120 ASIA PACIFIC: X-RAY INSPECTION SYSTEM MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
                    TABLE 121 ASIA PACIFIC: X-RAY INSPECTION SYSTEM MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
           9.4.2 JAPAN
                    9.4.2.1 Rising adoption of electric and hybrid vehicle to drive market
           9.4.3 CHINA
                    9.4.3.1 Growing demand for comprehensive system solutions in industrial applications to drive market
           9.4.4 INDIA
                    9.4.4.1 Rapid collaborations between government organizations and manufacturers to boost demand
           9.4.5 REST OF ASIA PACIFIC
    9.5 ROW 
           9.5.1 ROW: IMPACT OF RECESSION
                    TABLE 122 ROW: X-RAY INSPECTION SYSTEM MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 123 ROW: X-RAY INSPECTION SYSTEM MARKET, BY REGION, 2023–2028 (USD MILLION)
                    TABLE 124 ROW: X-RAY INSPECTION SYSTEM MARKET, BY VERTICAL, 2019–2022 (USD MILLION)
                    TABLE 125 ROW: X-RAY INSPECTION SYSTEM MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
           9.5.2 MIDDLE EAST & AFRICA
                    9.5.2.1 Increasing investments in infrastructural development to boost demand
           9.5.3 SOUTH AMERICA
                    9.5.3.1 Stringent government regulations to drive market
 
10 COMPETITIVE LANDSCAPE (Page No. - 126)
     10.1 OVERVIEW 
     10.2 KEY STRATEGIES ADOPTED BY MAJOR PLAYERS 
             TABLE 126 X-RAY INSPECTION SYSTEM MARKET: OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS
     10.3 REVENUE ANALYSIS, 2018–2022 
           FIGURE 46 REVENUE ANALYSIS OF FIVE KEY PLAYERS, 2018–2022
     10.4 MARKET SHARE ANALYSIS, 2022 
             TABLE 127 X-RAY INSPECTION SYSTEM MARKET SHARE ANALYSIS, 2022
             FIGURE 47 X-RAY INSPECTION SYSTEM MARKET SHARE ANALYSIS, 2022
     10.5 COMPANY EVALUATION MATRIX, 2022 
             10.5.1 STARS
             10.5.2 EMERGING LEADERS
             10.5.3 PERVASIVE PLAYERS
             10.5.4 PARTICIPANTS
                        FIGURE 48 X-RAY INSPECTION SYSTEM MARKET: COMPANY EVALUATION MATRIX, 2022
             10.5.5 COMPANY FOOTPRINT
                        TABLE 128 COMPANY FOOTPRINT
                        TABLE 129 TECHNOLOGY: COMPANY FOOTPRINT
                        TABLE 130 VERTICAL: COMPANY FOOTPRINT
                        TABLE 131 REGION: COMPANY FOOTPRINT
     10.6 START-UPS/SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION MATRIX, 2022 
             10.6.1 PROGRESSIVE COMPANIES
             10.6.2 RESPONSIVE COMPANIES
             10.6.3 DYNAMIC COMPANIES
             10.6.4 STARTING BLOCKS
                        FIGURE 49 X-RAY INSPECTION SYSTEM MARKET: START-UPS/SMES EVALUATION MATRIX, 2022
             10.6.5 COMPETITIVE BENCHMARKING
                        TABLE 132 X-RAY INSPECTION SYSTEM MARKET: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES
                        TABLE 133 X-RAY INSPECTION SYSTEM MARKET: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES, BY TECHNOLOGY
                        TABLE 134 X-RAY INSPECTION SYSTEM MARKET: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES, BY VERTICAL
                        TABLE 135 X-RAY INSPECTION SYSTEM MARKET: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES, BY REGION
     10.7 COMPETITIVE SCENARIOS AND TRENDS 
             10.7.1 PRODUCT LAUNCHES
                        TABLE 136 X-RAY INSPECTION SYSTEM MARKET: PRODUCT LAUNCHES, 2020−2023
             10.7.2 DEALS
                        TABLE 137 X-RAY INSPECTION SYSTEM MARKET: DEALS, 2020–2023
             10.7.3 OTHERS
                        TABLE 138 X-RAY INSPECTION SYSTEM MARKET: OTHERS, 2021–2023
 
11 COMPANY PROFILES (Page No. - 144)
(Business overview, Products/Solutions/Services offered, Recent developments & MnM View)*  
     11.1 KEY PLAYERS 
             11.1.1 METTLER TOLEDO
                        TABLE 139 METTLER TOLEDO: COMPANY OVERVIEW
                        FIGURE 50 METTLER TOLEDO: COMPANY SNAPSHOT
                        TABLE 140 METTLER TOLEDO: PRODUCTS/SOLUTIONS/OFFERED
                        TABLE 141 METTLER TOLEDO: PRODUCT LAUNCHES
             11.1.2 NORDSON CORPORATION
                        TABLE 142 NORDSON CORPORATION: COMPANY OVERVIEW
                        FIGURE 51 NORDSON CORPORATION: COMPANY SNAPSHOT
                        TABLE 143 NORDSON CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 144 NORDSON CORPORATION: DEALS
             11.1.3 COMET GROUP
                        TABLE 145 COMET GROUP: COMPANY OVERVIEW
                        FIGURE 52 COMET GROUP: COMPANY SNAPSHOT
                        TABLE 146 COMET GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 147 COMET GROUP: PRODUCT LAUNCHES
             11.1.4 ANRITSU
                        TABLE 148 ANRITSU: COMPANY OVERVIEW
                        FIGURE 53 ANRITSU: COMPANY SNAPSHOT
                        TABLE 149 ANRITSU: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             11.1.5 VISCOM AG
                        TABLE 150 VISCOM AG: COMPANY OVERVIEW
                        FIGURE 54 VISCOM AG: COMPANY SNAPSHOT
                        TABLE 151 VISCOM AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 152 VISCOM AG: PRODUCT LAUNCHES
             11.1.6 NORTH STAR IMAGING INC.
                        TABLE 153 NORTH STAR IMAGING INC.: COMPANY OVERVIEW
                        TABLE 154 NORTH STAR IMAGING INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 155 NORTH STAR IMAGING INC.: PRODUCT LAUNCHES
                        TABLE 156 NORTH STAR IMAGING INC.: OTHERS
             11.1.7 NIKON CORPORATION
                        TABLE 157 NIKON CORPORATION: COMPANY OVERVIEW
                        FIGURE 55 NIKON CORPORATION: COMPANY SNAPSHOT
                        TABLE 158 NIKON CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 159 NIKON CORPORATION: PRODUCT LAUNCHES
                        TABLE 160 NIKON CORPORATION: DEALS
             11.1.8 ISHIDA CO., LTD.
                        TABLE 161 ISHIDA CO., LTD.: COMPANY OVERVIEW
                        TABLE 162 ISHIDA CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             11.1.9 OMRON CORPORATION
                        TABLE 163 OMRON CORPORATION: COMPANY OVERVIEW
                        FIGURE 56 OMRON CORPORATION: COMPANY SNAPSHOT
                        TABLE 164 OMRON CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 165 OMRON CORPORATION: PRODUCT LAUNCHES
             11.1.10 TOSHIBA IT & CONTROL SYSTEMS CORPORATION
                        TABLE 166 TOSHIBA IT & CONTROL SYSTEMS CORPORATION: COMPANY OVERVIEW
                        TABLE 167 TOSHIBA IT & CONTROL SYSTEMS CORPORATION: PRODUCTS/ SOLUTIONS/SERVICES OFFERED
             11.1.11 GENERAL ELECTRIC
                        TABLE 168 GENERAL ELECTRIC: COMPANY OVERVIEW
                        FIGURE 57 GENERAL ELECTRIC: COMPANY SNAPSHOT
                        TABLE 169 GENERAL ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             11.1.12 SMITHS GROUP PLC
                        TABLE 170 SMITHS GROUP PLC: COMPANY OVERVIEW
                        FIGURE 58 SMITHS GROUP PLC: COMPANY SNAPSHOT
                        TABLE 171 SMITHS GROUP PLC: PRODUCTS/SOLUTIONS/OFFERED
                        TABLE 172 SMITHS GROUP PLC: PRODUCT LAUNCHES
                        TABLE 173 SMITHS GROUP PLC: DEALS
*Details on Business overview, Products/Solutions/Services offered, Recent developments & MnM View might not be captured in case of unlisted companies.  
     11.2 OTHER KEY PLAYERS 
             11.2.1 VJTECHNOLOGIES
             11.2.2 3DX-RAY
             11.2.3 VISICONSULT GMBH
             11.2.4 CREATIVE ELECTRON
             11.2.5 GLENBROOK TECHNOLOGIES
             11.2.6 SCIENSCOPE
             11.2.7 CASSEL MESSTECHNIK GMBH
             11.2.8 SESOTEC GMBH
             11.2.9 WELLMAN X-RAY SOLUTION CO., LTD
             11.2.10 MARS TOHKEN SOLUTION CO. LTD
             11.2.11 RAD SOURCE TECHNOLOGIES
             11.2.12 MANNCORP INC.
             11.2.13 MINEBEA INTEC GMBH
             11.2.14 TECHIK INSTRUMENT (SHANGHAI) CO., LTD.
             11.2.15 MESUTRONIC GMBH
 
12 ADJACENT MARKET (Page No. - 196)
     12.1 INTRODUCTION 
     12.2 SURFACE MOUNT TECHNOLOGY MARKET, BY END USER INDUSTRY 
             TABLE 174 SURFACE MOUNT TECHNOLOGY MARKET, BY END USER INDUSTRY, 2019–2022 (USD MILLION)
             TABLE 175 SURFACE MOUNT TECHNOLOGY MARKET, BY END USER INDUSTRY, 2023–2028 (USD MILLION)
     12.3 CONSUMER ELECTRONICS 
             12.3.1 GROWING DEMAND FOR MINIATURIZATION OF CONSUMER ELECTRONICS TO BOOST DEMAND
                        TABLE 176 CONSUMER ELECTRONICS: SURFACE MOUNT TECHNOLOGY MARKET, BY REGION, 2019–2022 (USD MILLION)
                        TABLE 177 CONSUMER ELECTRONICS: SURFACE MOUNT TECHNOLOGY MARKET, BY REGION, 2023–2028 (USD MILLION)
     12.4 TELECOMMUNICATIONS 
             12.4.1 EMERGENCE OF WIRELESS COMMUNICATION TECHNOLOGIES TO FOSTER SEGMENTAL GROWTH
                        TABLE 178 TELECOMMUNICATIONS: SURFACE MOUNT TECHNOLOGY MARKET, BY REGION, 2019–2022 (USD MILLION)
                        TABLE 179 TELECOMMUNICATIONS: SURFACE MOUNT TECHNOLOGY MARKET, BY REGION, 2023–2028 (USD MILLION)
     12.5 AEROSPACE & DEFENSE 
             12.5.1 RISING DEMAND FOR HIGH-QUALITY ELECTRONIC COMPONENTS
                        TABLE 180 AEROSPACE & DEFENSE: SURFACE MOUNT TECHNOLOGY MARKET, BY REGION, 2019–2022 (USD MILLION)
                        TABLE 181 AEROSPACE & DEFENSE: SURFACE MOUNT TECHNOLOGY MARKET, BY REGION, 2023–2028 (USD MILLION)
     12.6 AUTOMOTIVE 
             12.6.1 EXPANDING ELECTRIC VEHICLE (EV) MARKET TO BOOST DEMAND
                        TABLE 182 AUTOMOTIVE: SURFACE MOUNT TECHNOLOGY MARKET, BY REGION, 2019–2022 (USD MILLION)
                        TABLE 183 AUTOMOTIVE: SURFACE MOUNT TECHNOLOGY MARKET, BY REGION, 2023–2028 (USD MILLION)
     12.7 MEDICAL 
             12.7.1 RISING DIGITIZATION IN MEDICAL INDUSTRY TO DRIVE MARKET
                        TABLE 184 MEDICAL: SURFACE MOUNT TECHNOLOGY MARKET, BY REGION, 2019–2022 (USD MILLION)
                        TABLE 185 MEDICAL: SURFACE MOUNT TECHNOLOGY MARKET, BY REGION, 2023–2028 (USD MILLION)
     12.8 INDUSTRIAL 
             12.8.1 INCREASING ADOPTION OF AUTOMATION TECHNOLOGIES TO STRENGTHEN MARKET GROWTH
                        TABLE 186 INDUSTRIAL: SURFACE MOUNT TECHNOLOGY MARKET, BY REGION, 2019–2022 (USD MILLION)
                        TABLE 187 INDUSTRIAL: SURFACE MOUNT TECHNOLOGY MARKET, BY REGION, 2023–2028 (USD MILLION)
     12.9 ENERGY AND POWER SYSTEMS 
             12.9.1 RISING ELECTRICITY CONSUMPTION TO BOOST DEMAND
                        TABLE 188 ENERGY & POWER SYSTEMS: SURFACE MOUNT TECHNOLOGY MARKET, BY REGION, 2019–2022 (USD MILLION)
                        TABLE 189 ENERGY & POWER SYSTEMS: SURFACE MOUNT TECHNOLOGY MARKET, BY REGION, 2023–2028 (USD MILLION)
 
13 APPENDIX (Page No. - 207)
     13.1 DISCUSSION GUIDE 
     13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     13.3 CUSTOMIZATION OPTIONS 
     13.4 RELATED REPORTS 
     13.5 AUTHOR DETAILS 
 

To estimate the size of the X-ray inspection system market, the study utilized four major activities. Exhaustive secondary research was conducted to gather information on the market, as well as its peer and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the total market size. Finally, market breakdown and data triangulation methods were utilized to estimate the market size for different segments and subsegments.

Secondary Research

In the secondary research process, various sources have been referred to for identifying and collecting information for this study on the X-ray inspection system market. Secondary sources for this research study include corporate filings (such as annual reports, investor presentations, and financial statements); trade, business, and professional associations; white papers; certified publications; articles by recognized authors; directories; and databases. The secondary data was collected and analyzed to determine the overall market size, further validated through primary research.

List of Key Secondary Sources

SOURCE NAME

WEBLINK

American Society for Nondestructive Testing

www.asnt.org

The British Institute of Non-Destructive Testing

www.bindt.org

The Indian Society for Non-Destructive Testing

www.isnt.org.in

Canadian Industrial Radiography Safety Association

www.cirsa.ca

European Federation for Non Destructive Testing

www.efndt.org

Nondestructive Testing Management Association

www.ndtma.org

Association for Research in Vision and Ophthalmology

www.jov.arvojournals.org

International Atomic Energy Agency

www.iaea.org

SPIE

www.spie.org

Primary Research

To gather insights on market statistics, revenue data, market breakdowns, size estimations, and forecasting, primary interviews were conducted. Additionally, primary research was used to comprehend the various technology, application, vertical, and regional trends. Interviews with stakeholders from the demand side, including CIOs, CTOs, CSOs, and customer/end-user installation teams using X-ray inspection system, were also conducted to understand their perspective on suppliers, products, component providers, and their current and future use of X-ray inspection system, which will impact the overall market. Several primary interviews were conducted across major countries of North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America.

X-ray Inspection System Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

To estimate and validate the size of the X-ray inspection system market and its submarkets, both top-down and bottom-up approaches were utilized. Secondary research was conducted to identify the key players in the market, and primary and secondary research was used to determine their market share in specific regions. The entire process involved studying the annual and financial reports of top players and conducting extensive interviews with industry leaders such as CEOs, VPs, directors, and marketing executives. Secondary sources were used to determine all percentage shares and breakdowns, which were then verified through primary sources. All parameters that could impact the markets covered in this research study were accounted for, analyzed in detail, verified through primary research, and consolidated to obtain the final quantitative and qualitative data.

Global X-ray Inspection System Market Size: Botton Up Approach

  • First, companies offering X-ray inspection system have been identified, and their product mapping with respect to different parameters, such as technology, dimension, and vertical, has been carried out.
  • The market size has been estimated based on the demand for different X-ray inspection system technologies, and dimensions for different applications. The anticipated change in demand for X-ray inspection system offered by these companies in the recession and company revenues have been analyzed and estimated.
  • Primary research has been conducted with a few major players operating in the market to validate the global market size. Discussions included the recession impact on the X-ray inspection system ecosystem.
  • Then, the size of the X-ray inspection system market has been validated through secondary sources, which include the International Trade Centre (ITC), world trade organization, and world economic forum.
  • The CAGR of the market has been calculated considering the historical and future market trends and the impact of recession by understanding the adoption rate of X-ray inspection system for different applications.
  • The estimates at every level have been verified and cross-checked through discussions with key opinion leaders, such as corporate executives (CXOs), directors, and sales heads, as well as with the domain experts in MarketsandMarkets.
  • Various paid and unpaid information sources, such as company websites, annual reports, press releases, research journals, magazines, white papers, and databases, have also been studied.

X-ray Inspection System Market Size, and Top Down Approach

Global X-ray Inspection System Market Size: Top Down Approach

The top-down approach has been used to estimate and validate the total size of the X-ray inspection system market.

  • Focusing initially on the R&D investments and expenditures being made in the ecosystem of the X-ray inspection system market; further splitting the market on the basis of technology, dimension, vertical and region and listing the key developments.
  • Identifying leading players in the X-ray inspection system market through secondary research and verifying them through brief discussions with industry experts
  • Analyzing revenue, product mix, geographic presence, and key applications for which products are served by all identified players to estimate and arrive at percentage splits for all key segments.
  • Discussing splits with industry experts to validate the information and identify key growth pockets across all key segments.
  • Breaking down the total market based on verified splits and key growth pockets across all segments.

X-ray Inspection System Market Size, and Botton Up Approach

Data Triangulation

Once the overall size of the X-ray inspection system market was determined using the methods described above, it was divided into multiple segments and subsegments. Market engineering was performed for each segment and subsegment using market breakdown and data triangulation methods, as applicable, to obtain accurate statistics. To triangulate the data, various factors and trends from the demand and supply sides were studied. The market was validated using both top-down and bottom-up approaches.

Market Definition

An X-ray inspection system is a technological device or equipment developed for the non-destructive scrutiny and imaging of objects or materials through X-rays. It operates by directing X-ray radiation through the object under examination and recording the transmitted X-rays on the opposing side. These systems encompass diverse components, such as radiation sources, intensifying screens, penetrometers, industrial X-ray films, processing chemicals, and photographic processing equipment, among others. X-ray inspection systems find extensive applications in various domains, including government infrastructure, industrial quality control, and materials analysis.

Key Stakeholders

  • Raw material suppliers
  • Original equipment manufacturers (OEMs)
  • OEM technology solution providers
  • Technology and solution providers
  • Rental service providers
  • Intellectual property (IP) core and licensing providers
  • Suppliers and distributors
  • Government and other regulatory bodies
  • Technology investors
  • Research institutes and organizations
  • Market research and consulting firms

Report Objectives

  • To define, describe, and forecast the X-ray inspection system market based on technology, dimension, vertical, and region.
  • To forecast the market size, in terms of value, for the concerned segments with regard to four main regions, namely, Americas, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
  • To strategically analyze the micromarkets with regard to the individual growth trends, prospects, and contribution to the X-ray inspection system market
  • To provide detailed information regarding the major factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the growth of the X-ray inspection system market
  • To analyze opportunities in the market for stakeholders and the details of the competitive landscape for the market leaders
  • To provide a detailed overview of the X-ray inspection system value chain
  • To benchmark players within the market using proprietary “Competitive Leadership Mapping” framework, which analyzes market players on various parameters within the broad categories of business and product strategy
  • To analyze competitive developments such as partnerships, acquisitions, expansions, agreements, collaborations, contracts, and product launches, along with research and development (R&D) in the X-ray inspection system market
  • To strategically profile key players of the X-ray inspection system market and comprehensively analyze their market shares and core competencies

Available customizations:

With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:

  • Detailed analysis and profiling of additional market players (up to 5)
  • Additional country-level analysis of the X-ray inspection system market

Product Analysis

  • Product matrix, which provides a detailed comparison of the product portfolio of each company in the X-ray inspection system market.
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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Report Code
SE 5476
Published ON
Oct, 2023
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