Industrial Radiography Market

Industrial Radiography Market by Imaging Technique (Film-Based and Digital), Industry (Petrochemical and Gas, Power Generation, Manufacturing, Aerospace, and Automotive and Transportation), and Geography - Global Analysis and Forecast to 2020

Report Code: SE 3844 Oct, 2015, by marketsandmarkets.com
Updated date -

The industrial radiography market is expected to grow from USD 363 million in 2015 to USD 539 million by 2020; it is expected to grow at a CAGR of 8.2% during the forecast period. With the growing demand for high-quality and low-cost products, the industrial radiography market is expected to have a wide scope of applications in areas such as petrochemical and gas, manufacturing, automotive and transportation, aerospace, power generation, and others. The growth of the market is driven by the growing demand from the automotive and aerospace industry, because of the strict safety regulations by various governments and preventive maintenance of industrial equipment.

Industrial Radiography Market

Digital Radiography Market to grow at a higher CAGR compared to film-based technique

Digital radiography technique is expected to grow at a higher CAGR among imaging techniques. Digital radiography has made radiography systems easy-to-use, safe, and fast thus driving its adoption for industrial applications over that of traditional film-based radiography. Digital radiography offers many benefits over film-based technology such as time saving, greater dynamic range, wider exposure latitude, post-processing capabilities, and image manipulation.

Digital Radiography market for Computed tomography expected to dominate the market during the forecast period.

Computed tomography is being increasingly recognized as a solution for dimensional measurement. With the help of software, the object can be reassembled to provide a 3D view of internal and external structural details with the final output being a 3D volumetric model. This saves significant time and effort, allowing projects to be moved into production quickly. Hence, this technique is expected to have the highest share in the industrial radiography market.

Industrial radiography market for petrochemical and gas industry to maintain highest share during 2015–2020

Assets in petrochemical and gas industry consist of various architectures and complex kinematics and therefore require an in-depth detection of defects. As Industrial radiography is extremely important for deep-sea oil and natural gas industry, Industrial radiography is widely used in the petrochemical and gas industry in both the downstream sector as well as in the upstream sector for oil and gas wells. As the industry plays a significant role in the global economy, it is expected to continue to have the largest share of the market.

Industrial Radiography Market

Industrial radiography market in Americas is expected to maintain highest share during 2015-2020

The large market in the Americas can be attributed to the well-developed manufacturing, mining, aerospace, and automotive and transportation industries in the region, which are the major application industries of industrial radiography. The prevalence of various petroleum and manufacturing related activities is another factor driving the industrial radiography market in this region.

Key Market Players

Major companies in the industrial radiography market include General Electric (US), FujiFilm Holdings Corporation (Japan), Nikon Corporation (Japan), Shimadzu Corporation (Japan), COMET Group (Switzerland), Anritsu Corporation (Japan), Mettler-Toledo International Inc. (Switzerland), PerkinElmer, Inc. (US), 3DX-RAY Ltd. (UK), and Bosello High Technology S.r.L (Italy).

General Electric (US) is a public listed company headquartered at Connecticut U.S. The company was founded in 1892 and it had an employee base of 305,000 as of 2014, globally. GE is a component of the S&P 500 Index (GE-NYSE). GE's primary business divisions include power and water, oil and gas, energy management, aviation, healthcare, transportation, and capital. GE oil and gas segment includes turbo machinery solutions (TMS), drilling and surface (D&S), measurement and controls (M&C), subsea systems (SS), and downstream technology solutions (DTS). The company’s measurement and control segment provides equipment and services for a wide range of industries including oil & gas, power generation, aerospace, metals, and transportation. The product portfolio include sensor-based measurement, non-destructive testing and inspection, flow and process control, turbine, generator and plant controls and condition monitoring, and pipeline integrity solutions.

GE operates globally through various subsidiaries such as GE Industrial Solutions (U.S.), GE Appliances (U.S.), GE Intelligent Platforms, Inc. (U.S.), GE Lighting Ltd. (U.K.), GE Inspection Technologies GmbH (Germany), GE Avio S.r.l. (Italy), and GE Druck Holdings Limited (U.K.) among others. The major competitors of GE in the industrial radiography market are FujiFilm Holdings Corporation (Japan), Nikon Corporation (Japan), and Mettler-Toledo International Inc. (Switzerland) among others.

Scope of the Report:

Report Metric

Details

Report Name

Industrial Radigraphy Market

Base year

2014

Forecast period

2015–2020

Units

Value (USD)

Segments covered

Imaging Technique, Industry, and Geography

Geographic regions covered

Americas, Europe, APAC, and RoW

Companies covered

General Electric (US), FujiFilm Holdings Corporation (Japan), Nikon Corporation (Japan), Shimadzu Corporation (Japan), COMET Group (Switzerland), Anritsu Corporation (Japan), Mettler-Toledo International Inc. (Switzerland), PerkinElmer, Inc. (US), 3DX-RAY Ltd. (UK), and Bosello High Technology S.r.L (Italy)

Industrial Radiography Market Segmentation:

This report categorizes the industrial radiography based on Imaging Technique, Industry, and Geography.

 

Industrial Radiography Market, by Imaging Technique:

  • Film-based Radiography
  • Digital Radiography

Industrial Radiography Market, by Industry:

  • Petrochemical and Gas
  • Power Generation
  • Manufacturing
  • Aerospace
  • Automotive and Transportation
  • Others

Industrial Radiography Market, by Geography:

  • Americas
    • US
    • Canada
    • Mexico
    • Brazil
    • Others
  • Europe
    • France
    • Germany
    • UK
    • Italy
    • Others
  • APAC
    • China
    • India
    • Japan
    • Others
  • RoW
    • Middle East
    • Africa

Key Questions Addressed in the Report

  • As new companies enter the industrial radiography market, who will account for a larger market share in its category?
  • How will growing countries such as India and China change the market value and growth of industrial radiography systems?
  • How will growing demand from the automotive and aerospace industry change the industrial radiology landscape in the future?
  • Which other industries are expected to grow at a faster rate for industrial radiography, apart from petrochemical and gas?
  • What are the key market dynamics influencing market growth? How will it play into the strength and weaknesses of the company operating in the marketspace?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Market Stakeholders

2 Research Methodology (Page No. - 18)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 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
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 27)

4 Premium Insights (Page No. - 32)
    4.1 Attractive Market Opportunities in the Global Industrial Radiography Market
    4.2 Major Industries Using Radiography for Testing
    4.3 Market, By Imaging Technique and Geography
    4.4 Country-Wise Analysis of the Market
    4.5 Industrial Radiography Market Size, By Imaging Technique
    4.6 Market Life Cycle Analysis, By Geography (2015)

5 Market Overview (Page No. - 36)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 By Imaging Technique
           5.2.2 By Industry
           5.2.3 By Region
    5.3 Basic Components of Industrial Radiography
    5.4 Industrial Radiography Imaging Process
    5.5 Market Dynamics
           5.5.1 Drivers
                    5.5.1.1 Growing Demand From Automotive and Aerospace Industry
                    5.5.1.2 Increased Accuracy of Inspection With the Integration of Advanced Software
                    5.5.1.3 Strict Safety Regulations By Various Governments
                    5.5.1.4 Preventive Maintenance of Industrial Equipment
           5.5.2 Restraints
                    5.5.2.1 High Deployment Costs
                    5.5.2.2 High Risk of Radiation Exposure
           5.5.3 Opportunities
                    5.5.3.1 Automation of Inspection and Testing Process
                    5.5.3.2 Rapid Industrialization in Developing Economies
                    5.5.3.3 Provision of Customized Solutions
           5.5.4 Challenges
                    5.5.4.1 Lack of Skilled Labor

6 Industry Trends (Page No. - 49)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Porter’s Five Forces Analysis
           6.3.1 Threat of New Entrants
           6.3.2 Threat of Substitutes
           6.3.3 Bargaining Power of Suppliers
           6.3.4 Bargaining Power of Buyers
           6.3.5 Competitive Rivalry

7 Industrial Radiography Market, By Imaging Technique (Page No. - 58)
    7.1 Introduction
    7.2 Film-Based Radiography
    7.3 Digital Radiography
           7.3.1 Computed Tomography
           7.3.2 Computed Radiography
           7.3.3 Direct Radiography

8 Industrial Radiography Market, By Industry (Page No. - 73)
    8.1 Introduction
    8.2 Petrochemical and Gas
           8.2.1 Liquefaction of Natural Gas
           8.2.2 Refining
           8.2.3 Transmission Pipeline
           8.2.4 Subsea Pipeline
           8.2.5 Storage Tanks
    8.3 Power Generation
           8.3.1 Nuclear Power
           8.3.2 Wind Power
           8.3.3 Solar Power
           8.3.4 Fossil Fuel
    8.4 Manufacturing
           8.4.1 Mining Industry
           8.4.2 Metal Industry
           8.4.3 Foundry
           8.4.4 Shipbuilding
           8.4.5 Pipe and Tube Manufacturing
    8.5 Aerospace
           8.5.1 Engine Part Production
           8.5.2 Composite Airframe Manufacturing
           8.5.3 Material and Component Analysis
           8.5.4 Maintenance
    8.6 Automotive and Transportation
           8.6.1 Wheel and Axle Manufacturing
           8.6.2 Metal Casting
           8.6.3 Critical Components Manufacturing
    8.7 Others

9 Industrial Radiography Market, By Geography (Page No. - 110)
    9.1 Introduction
    9.2 Americas
           9.2.1 U.S.
           9.2.2 Canada
           9.2.3 Mexico
           9.2.4 Brazil
           9.2.5 Others
    9.3 Europe
           9.3.1 France
           9.3.2 Germany
           9.3.3 U.K.
           9.3.4 Italy
           9.3.5 Others
    9.4 APAC
           9.4.1 China
           9.4.2 India
           9.4.3 Japan
           9.4.4 Others
    9.5 RoW
           9.5.1 Middle East
           9.5.2 Africa

10 Competitive Landscape (Page No. - 127)
     10.1 Overview
     10.2 Market Share Analysis
     10.3 Competitive Scenario
             10.3.1 New Product Launches
             10.3.2 Agreements, Expansions, Certifications, and Collaborations

11 Company Profiles (Page No. - 132)
(Overview, Products and Services, Financials, Strategy & Development)*
     11.1 Introduction
     11.2 General Electric
     11.3 Fujifilm Holdings Corporation
     11.4 Nikon Corporation
     11.5 Shimadzu Corporation
     11.6 Comet Group
     11.7 Anritsu Corporation
     11.8 Mettler-Toledo International Inc.
     11.9 Perkinelmer, Inc.
     11.10 3DX-Ray Ltd
     11.11 Bosello High Technology S.R.L.

*Details on Overview, Products and Services, Financials, Strategy & Development Might Not Be Captured in Case of Unlisted Companies.

12 Appendix (Page No. - 158)
     12.1 Insights of Industry Experts
     12.2 Discussion Guide
     12.3 Introducing RT: Real Time Market Intelligence
     12.4 Available Customizations
     12.5 Related Reports


List of Tables (67 Tables)

Table 1 Porter’s Five Forces Analysis With Their Weightage Impact
Table 2 Industrial Radiography Market Size, By Imaging Technique, 2013–2020 (USD Million)
Table 3 Components of Film Radiography
Table 4 Various Types of Films Used for Testing
Table 5 Market Size for Film-Based Radiography, By Region, 2013–2020 (USD Million)
Table 6 Market Size for Film-Based Radiography, By Industry, 2013–2020 (USD Million)
Table 7 Market Size for Digital Radiography, By Region, 2013–2020 (USD Million)
Table 8 Market Size for Digital Radiography, By Industry, 2013–2020 (USD Million)
Table 9 Market Size, By Digital Radiography Technique, 2013–2020 (USD Million)
Table 10 Market Size for Computed Tomography, By Region, 2013–2020 (USD Million)
Table 11 Market Size for Computed Tomography, By Industry, 2013–2020 (USD Million)
Table 12 Market Size for Computed Radiography, By Region, 2013–2020 (USD Million)
Table 13 Market Size for Computed Radiography, By Industry, 2013–2020 (USD Million)
Table 14 Industrial Radiography Market Size for Direct Radiography, By Region, 2013–2020 (USD Million)
Table 15 Market Size for Direct Radiography, By Industry, 2013–2020 (USD Million)
Table 16 Market Size, By Industry, 2013–2020 (USD Million)
Table 17 Market Size, By Petrochemical and Gas Industry, 2013–2020 (USD Million)
Table 18 Market Size for Petrochemical and Gas Industry, By Region, 2013–2020 (USD Million)
Table 19 Market Size for Petrochemical and Gas Industry, By Imaging Technique, 2013–2020 (USD Million)
Table 20 Market Size for Petrochemical and Gas Industry, By Digital Radiography Technique, 2013–2020 (USD Million)
Table 21 Industrial Radiography Market Size for Lng Liquefaction, By Region, 2013–2020 (USD Million)
Table 22 Market Size for Refining, By Region, 2013–2020 (USD Million)
Table 23 Market Size for Transmission Pipeline, By Region, 2013–2020 (USD Million)
Table 24 Industrial Radiography Market Size for Subsea Pipelines, By Region, 2013–2020 (USD Million)
Table 25 Market Size for Storage Tanks, By Region, 2013–2020 (USD Million)
Table 26 Market Size, By Power Generation Industry, 2013–2020 (USD Million)
Table 27 Industrial Radiography Market Size for Power Generation Industry, By Region, 2013–2020 (USD Million)
Table 28 Market Size for Power Generation Industry, By Imaging Technique, 2013–2020 (USD Million)
Table 29 Market Size for Power Generation Industry, By Digital Radiography Technique, 2013–2020 (USD Million)
Table 30 Market Size for Nuclear Power Segment, By Region, 2013–2020 (USD Million)
Table 31 Market Size for Wind Power Segment, By Region, 2013–2020 (USD Million)
Table 32 Market Size for Solar Power Segment, By Region, 2013–2020 (USD Million)
Table 33 Market Size for Fossil Fuel Power, By Region, 2013–2020 (USD Million)
Table 34 Market Size, By Manufacturing Industry, 2013–2020 (USD Million)
Table 35 Market Size for Manufacturing Industry, By Region, 2013–2020 (USD Million)
Table 36 Market Size for Manufacturing Industry, By Imaging Technique, 2013–2020 (USD Million)
Table 37 Market Size for Manufacturing Industry, By Digital Radiography Technique, 2013–2020 (USD Million)
Table 38 Market Size for Mining Industry, By Region, 2013–2020 (USD Million)
Table 39 Market Size for Metal Industry, By Region, 2013–2020 (USD Million)
Table 40 Market Size for Foundry, By Region, 2013–2020 (USD Million)
Table 41 Market Size for Shipbuilding, By Region, 2013–2020 (USD Million)
Table 42 Market Size for Pipe and Tube Manufacturing, By Region, 2013–2020 (USD Million)
Table 43 Market Size, By Aerospace Industry, 2013–2020 (USD Million)
Table 44 Market Size for Aerospace Industry, By Region, 2013–2020 (USD Million)
Table 45 Market Size for Aerospace Industry, By Imaging Technique, 2013–2020 (USD Million)
Table 46 Market Size for Aerospace Industry, By Digital Radiography Technique, 2013–2020 (USD Million)
Table 47 Market Size for Engine Part Production, By Region, 2013–2020 (USD Million)
Table 48 Market Size for Composite Airframe Manufacturing, By Region, 2013–2020 (USD Million)
Table 49 Market Size for Material and Components Analysis, By Region, 2013–2020 (USD Million)
Table 50 Market Size for Maintenance, By Region, 2013–2020 (USD Million)
Table 51 Market Size, By Automotive and Transportation Industry, 2013–2020 (USD Million)
Table 52 Market Size for Automotive and Transportation Industry, By Region, 2013–2020 (USD Million)
Table 53 Market Size for Automotive and Transportation Industry, By Imaging Technique, 2013–2020 (USD Million)
Table 54 Market Size for Automotive and Transportation Industry, By Digital Radiography Technique, 2013–2020 (USD Million)
Table 55 Market Size for Wheel and Axle Manufacturing, By Region, 2013–2020 (USD Million)
Table 56 Market Size for Metal Casting, By Region, 2013–2020 (USD Million)
Table 57 Market Size for Critical Components Manufacturing, By Region, 2013–2020 (USD Million)
Table 58 Market Size for Other Industries, By Region, 2013–2020 (USD Million)
Table 59 Market Size for Other Industries, By Imaging Technique, 2013–2020 (USD Million)
Table 60 Market Size for Other Industries, By Digital Radiography Technique, 2013–2020 (USD Million)
Table 61 Market Size, By Region, 2013–2020 (USD Million)
Table 62 Americas: Market Size, By Country, 2013–2020 (USD Million)
Table 63 Europe: Market Size, By Country, 2013–2020 (USD Million)
Table 64 APAC: Market Size, By Country, 2013–2020 (USD Million)
Table 65 RoW: Market Size, By Country, 2013–2020 (USD Million)
Table 66 Most Significant New Product Launches of Industrial Radiography Market
Table 67 Most Significant Agreements, Expansions, Certifications, and Collaborations of  Market


List of Figures (78 Figures)

Figure 1 Industrial Radiography Market: Research Design
Figure 2 Process Flow of Market Size Estimation
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Market Breakdown & Data Triangulation
Figure 6 Assumptions of the Research Study
Figure 7 Digital Radiography Estimated to Have A Larger Market Size Than Film-Based Radiography in 2015
Figure 8 Computed Tomography to Hold the Largest Share of the Digital Radiography Market During the Forecast Period
Figure 9 Petrochemical & Gas to Be the Fastest-Growing Industry in the Market During the Forecast Period
Figure 10 APAC Likely to Be the Fastest-Growing Region in the Market During the Forecast Period
Figure 11 Rising Awareness About Preventive Maintenance With Radiographic Testing Expected to Increase the Demand for the Same
Figure 12 Petrochemical and Gas Expected to Be the Fastest-Growing Segment During the Forecast Period Among the Top 3 Industries
Figure 13 Computed Tomography Holds the Largest Share of the Market
Figure 14 U.S. to Hold Largest Share of the Market in 2015
Figure 15 Film-Based Radiography Rapidly Being Replaced By Digital Radiography
Figure 16 APAC Market Entered the Growth Phase
Figure 17 Industrial Radiography Market Segmentation
Figure 18 Market Segmentation, By Imaging Technique
Figure 19 Industrial Radiography Market, By Industry
Figure 20 Market, By Geography
Figure 21 Materials and Equipment Used for Industrial Radiography
Figure 22 Overview of the Industrial Radiography Process
Figure 23 Industrial Radiography Provides Accurate Inspection With the Help of Integrated Advanced Software
Figure 24 Value Chain Analysis: Major Value is Added During the Raw Material Supply and Original Equipment Manufacturing Phase
Figure 25 Porter’s Five Forces Analysis
Figure 26 Suppliers’ Bargaining Power is Declining With the Emergence of Industrial Radiography Service Providers
Figure 27 Threat of New Entrants Low Due to High Initial Investment and Presence of Prominent Players
Figure 28 Availability of Low-Cost Alternatives Supports the Market for the Substitutes
Figure 29 High Product Substitutes and Low Product Differentiation Impact Suppliers’ Power
Figure 30 Availability of A Number of Substitute and Large Number of Suppliers Increase the Bargaining Power of Buyers
Figure 31 High Degree of Competitive Rivalry Due to Severe Exit Barriers and High Costs of Industrial Radiography
Figure 32 Digital Radiography to Hold A Major Share of the Overall Industrial Radiography Market Throughout the Forecast Period
Figure 33 APAC Expected to Dominate Film-Based Radiography Market Throughout the Forecast Period
Figure 34 Market Size Comparison for Digital Radiography, 2015 vs 2020 (USD Million)
Figure 35 Computed Tomography Expected to Dominate the Digital Radiography Market During the Forecast Period
Figure 36 Market Size Comparison for Computed Tomography, 2015 vs 2020 (USD Million)
Figure 37 Market Size Comparison for Computed Radiography, 2015 vs 2020 (USD Million)
Figure 38 Market Size Comparison for Direct Radiography, 2015 vs 2020 (USD Million)
Figure 39 Petrochemical and Gas Industry to Grow at the Highest CAGR During the Forecast Period
Figure 40 Subsea Pipelines to Hold Major Share in Petroleum and Gas Industry Radiography Market Throughout the Forecast Period
Figure 41 Market Size Comparison for Industrial Radiography Market for Petrochemical and Gas Industry, 2015 vs 2020 (USD Million)
Figure 42 Fossil Fuel Application to Hold Major Share in Power Generation Industry Radiography Market Throughout the Forecast Period
Figure 43 Market Size Comparison for Market for Power Generation Industry, 2015 vs 2020 (USD Million)
Figure 44 Shipbuilding Application to Hold Major Share in Manufacturing Industry Radiography Market Throughout the Forecast Period
Figure 45 Market Size Comparison for Market for Manufacturing Industry, 2015 vs 2020 (USD Million)
Figure 46 Maintenance Application to Hold Major Share in Aerospace Industry Radiography Market Throughout the Forecast Period
Figure 47 Market Size Comparison for Market for Aerospace Industry, 2015 vs 2020 (USD Million)
Figure 48 Critical Components Manufacturing to Hold Major Share in Automotive and Transportation Industry Radiography Market Throughout the Forecast Period
Figure 49 Market Size Comparison for Market for Automotive and Transportation Industry, 2015 vs 2020 (USD Million)
Figure 50 Market Size Comparison for Market for Other Industries, 2015 vs 2020 (USD Million)
Figure 51 Geographic Snapshot
Figure 52 Market Snapshot of the Americas
Figure 53 U.S. Expected to Dominate the Market in the Americas During the Forecast Period
Figure 54 Industrial Radiography Market Snapshot of Europe
Figure 55 U.K. Expected to Dominate the Market in Europe Throughout the Forecast Period
Figure 56  Market Snapshot of APAC
Figure 57 Japan Expected to Dominate the Market in APAC Throughout the Forecast Period
Figure 58 Industrial Radiography Market Snapshot of RoW
Figure 59 Middle East Expected to Dominate the Market in the RoW Region Throughout the Forecast Period
Figure 60 Companies Adopted Product Innovation as Key Growth Strategies Between January 2013 and July 2015
Figure 61 Market Share of the Industrial Radiography Players, 2014
Figure 62 Market Evolution Framework
Figure 63 Battle for Market Share: New Product Launches—The Key Strategy
Figure 64 Geographic Revenue Mix of Top 5 Industrial Radiography Market Players
Figure 65 General Electric: Company Snapshot
Figure 66 General Electric: SWOT Analysis
Figure 67 Fujifilm Holdings Corporation: Company Snapshot
Figure 68 Fujifilm Holdings Corporation: SWOT Analysis
Figure 69 Nikon Corporation: Company Snapshot
Figure 70 Nikon Corporation: SWOT Analysis
Figure 71 Shimadzu Corporation: Company Snapshot
Figure 72 Shimadzu Corporation: SWOT Analysis
Figure 73 Comet Group: Company Snapshot
Figure 74 Comet Group: SWOT Analysis
Figure 75 Anritsu Corporation: Company Snapshot
Figure 76 Mettler-Toledo International Inc.: Company Snapshot
Figure 77 Perkinelmer, Inc.: Company Snapshot
Figure 78 3DX-Ray Ltd.: Company Snapshot

The study involved 4 major activities in estimating the current size of the industrial radiography market. Exhaustive secondary research has been done to collect information about the market, the peer market, and the parent market. Validating findings, assumptions, and sizing with industry experts across the value chain through primary research has been the next step. Both top-down and bottom-up approaches have been employed to estimate the complete market size. After that, market breakdown and data triangulation methods have been used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources have been referred to for identifying and collecting information pertinent to this study. Secondary sources include annual reports; press releases; investor presentations; white papers; journals and certified publications; and articles from recognized authors, directories, and databases. Secondary research has been conducted to obtain key information about the industry’s supply chain, market’s value chain, the total pool of key players, market segmentation according to the industry trends (to the bottommost level), geographic markets, and key developments from both market- and technology-oriented perspectives.

After the complete market engineering (which includes calculations for market statistics, market breakdown, data triangulation, market size estimations, and market forecasting), extensive primary research has been carried out to gather information, as well as to verify and validate the critical numbers arrived at.

Primary Research

Extensive primary research has been conducted after gaining knowledge about the industrial radiography market scenario through secondary research. Several primary interviews have been conducted with market experts from both demand (commercial application providers) and supply (equipment manufacturers and distributors) sides across 4 major regions: North America, Europe, APAC, and RoW. Approximately 20% and 80% primary interviews have been conducted with parties from the demand side and supply side, respectively. Primary data has been collected through questionnaires, emails, and telephonic interviews.

Industrial Radiography Market

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

Market Size Estimation

In the complete engineering process, both top-down and bottom-up approaches, along with several data triangulation methods, have been used to estimate and validate the size of the industrial radiography market and other dependent submarkets. Key players in the market have been determined through primary and secondary research. This entire research methodology involves the study of the annual and financial reports of top market players and extensive interviews with industry experts, such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) about the industrial radiography market.

All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources. All the possible parameters that affect the market segments covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. This data has been consolidated and supplemented with detailed inputs and analyses from MarketsandMarkets and presented in the report.

Data Triangulation

After arriving at the overall market size using the estimation processes as explained above, the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both demand and supply sides for film-based and digital radiography.

Report Objectives

  • To describe and forecast the industrial radiography market, in terms of value and volume, segmented on the basis of component, systems, and vertical
  • To describe and forecast the market size, in terms of value and volume, for 4 main regions: Americas, Europe, APAC, and RoW
  • To provide detailed information regarding drivers, restraints, opportunities, and challenges influencing the growth of the market
  • To provide a detailed overview of the value chain pertaining to the industrial radiography ecosystem
  • To strategically analyze micromarkets with respect to individual growth trends, prospects, and contribution to the total market
  • To analyze opportunities in the market for various stakeholders by identifying high-growth segments of the industrial radiography market

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Product Analysis

  • Product matrix that gives a detailed comparison of the product portfolio of each company

Company Information

  • Detailed analysis and profiling of additional market players (up to 5).
Report Code
SE 3844
Published ON
Oct, 2015
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