Industrial Radiography Market

Industrial Radiography Market by Imaging Technique (Film-based Radiography, Digital Radiography), End User (Petrochemicals & Gas, Power Generation, Manufacturing, Aerospace, and Automotive & Transportation), and Geography - Global Forecast to 2025

Report Code: SE 3844 Mar, 2020, by

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[149 Pages Report] The industrial radiography market is estimated to grow from USD 532 million in 2020 to USD 784 million by 2025; growing at a CAGR of 8.1%. The market growth is propelled by stringent regulations by various governments regarding industrial safety and product quality, increasing demand for NDT services in automotive and aerospace industries, advancements in software that are integrated into radiography systems, and the preventive maintenance of industrial equipment.

Industrial Radiography Market

Market for direct radiography to grow at higher CAGR from 2020 to 2025

The market for direct radiography is expected to grow at the highest CAGR during the forecast period. Direct radiography is also known as real-time radiography as this technique is capable of generating real-time images of objects being tested, which is the ultimate need of the time. This is expected to drive the demand for direct radiography technique in the near future.

Petrochemicals & gas end user to exhibit high growth in industrial radiogrpahy market during forecast period

The market for the petrochemicals & gas end user is expected to register the highest CAGR during the forecast period. Industrial radiography testing in this end user includes monitoring pipelines, storage tanks, and refining equipment for measuring internal corrosions without externally damaging the material. Industrial radiography is extremely important for the deep-sea oil and natural gas industry. In this industry, oil leaks or spills can occur over a period of time if the infrastructure of the refineries is not monitored carefully, which leads to extremely high costs of cleanup.

Industrial Radiography Market

Industrial radiography market in APAC to grow at highest CAGR during forecast period

The industrial radiography market in APAC is expected to grow at the highest CAGR during the forecast period. Stringent government regulations regarding safety have created a huge demand for industrial radiography equipment in this region. Further, the consumer electronics sector is also expanding rapidly due to the globally increasing demand for various consumer electronic devices, which leads to the rise in the adoption of radiography equipment to reduce failures and maintenance costs. Further, rapid technological advancements and the increased focus of manufacturers on R&D are expected to create a significant opportunity for the growth of the industrial radiography market.

Key Market Players

As of 2019, General Electric (U.S.), FujiFilm Holdings Corporation (Japan), and COMET Group (Switzerland) dominated the industrial radiography market.

General Electric

General Electric (US) is one of the world’s largest multinational conglomerates, operating as an infrastructure company worldwide. The company develops and manufactures products that are used in the generation, transmission, distribution, and utilization, and control of electricity. GE operates through eight business segments: Aviation, Power, Healthcare, Oil & Gas, Capital, Lighting, Transportation, and Renewable Energy. The company provides industrial radiography solutions under the Oil & Gas business segment. In July 2017, GE merged its Oil & Gas business segment with Baker Hughes and currently Baker Hughes operates as the forefront company for GE’s Oil & Gas segment. Baker Hughes supplies products related to industrial radiography to more than 120 countries across the world. The company’s industrial radiography solutions fulfill critical requirements for distinctive applications and deliver productivity, quality, and safety. GE is primarily focusing on merging with strategic companies.

Comet Group

Comet Group (Switzerland) is a global leading technology firm developing and producing innovative high-tech components and systems based on x-ray, radiofrequency, and e-beam technology. The company markets its components, systems, and services under the COMET, YXLON, and ebeam brands. The company operates through four business segments, which include Plasma Control Technologies, X-Ray Systems, Industrial X-Ray Modules, and e-beam Technologies. The e-beam Technologies segment develops, manufactures, and markets metal-ceramic X-ray sources and portable X-ray modules for non-destructive testing and security inspection, as well as e-beam sets for the eco-friendly sterilization of surfaces. COMET, YXLON, and e-beam are the company’s three strong brands, which serve different markets. Its products are used in automotive, aerospace, electronics, energy, semiconductors, and solar industries, as well as in airport security applications.

Fujifilm Holdings Corporation

FUJIFILM Holdings (Japan) is a holding company of two operating companies Fujifilm and Fuji Xerox. The company is constantly transforming itself to cope up with the changes in the business environment where the market for photographic materials is rapidly shrinking with the rise of digitalization. Fujifilm operates through three segments, Imaging Solutions, Document Solutions, and Healthcare and Material Solutions. The Healthcare and Materials Solutions segment develops, manufactures, markets, and services equipment and materials for medical systems, life sciences products, pharmaceuticals, graphic art products, flat panel display materials, recording media, electronic materials, and related products, primarily for commercial enterprises. The company operated through 279 consolidated subsidiaries globally as of 2019.

Report Scope:

Report Metric


Years considered


Base year


Forecast period


Forecast units

Value (USD) in million

Segments covered

Imaging technique and end user

Regions covered

North America, APAC, Europe, and RoW

Companies covered

Emerson (US), Honeywell (US), Rockwell (US), ABB (Switzerland), Schneider (France), Yokogawa (Japan), General Electric (US), Siemens (Germany), Etc.

In this report, the overall industrial radiography market is segmented based on imaging technique, end user, and region.

By Imaging Technique:

  • Film-based Radiography
  • Digital Radiography

By End User:

  • Petrochemicals & Gas
    • LNG
    • Refining
    • Transmission Pipelines
    • Subsea Pipelines
    • Storage Tanks
  • Power Generation
    • Nuclear Power
    • Wind Power
    • Solar Power
    • Fossil Fuel
  • Manufacturing
    • Mining Industry
    • Metal Industry
    • Foundry
    • Shipbuilding
    • Pipe and Tube Manufacturing
  • Aerospace
    • Engine Part Production
    • Composite Airframe Manufacturing
    • Material and Component Analysis
    • Maintenance
  • Automotive & Transportation
    • Wheel and Axle Manufacturing
    • Metal Casting
    • Critical Component Manufacturing
  • Others

Geographic Analysis

  • 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 & Africa

Critical Questions:

  • Which industrial radiography imaging technique is expected to have the highest demand in the future?
  • Who are the top 5 players in the industrial radiography market?
  • What would be the growth opportunities for manufacturers in various industries?
  • What are the key industry trends in the market?
  • How can digital radiogrpahy providers tap high-growth opportunities in the industrial radiography market?

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Table of Content

1 Introduction
    1.1 Objective 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
    2.1 Research Data
    2.2 Secondary and Primary Research
    2.3 Market Size Estimation
    2.4 Market Breakdown and Data Triangulation
    2.5 Research Assumptions 

3 Executive Summary

4 Premium Insights

5 Market Overview
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
           5.2.2 Restraints
           5.2.3 Opportunities
           5.2.4 Challenges
    5.3 Value Chain Analysis

6 Basic Components Of Industrial Radiography

7 Industrial Radiography Imaging Process

8 Industrial Radiography Market, By Imaging Technology
    8.1 Introduction
    8.2 Film-Based Radiography
    8.3 Digital Radiography
           8.3.1 Computed Tomography
           8.3.2 Computed Radiography
           8.3.3 Direct Radiography

9 Industrial Radiography Market, By Radiation Type
    9.1 Introduction
    9.2 X-Rays
    9.3 Gamma Rays

10 Industrial Radiography Market, By Industry
     10.1 Introduction
     10.2 Automotive
     10.3 Oil & Gas
     10.4 Aerospace & Defense
     10.5 Manufacturing
     10.6 Power Generation
     10.7 Others

11 Industrial Radiography Market, By Geography
     11.1 Introduction
     11.2 North America
             11.2.1 US
             11.2.2 Canada
             11.2.3 Mexico
     11.3 Europe
             11.3.1 Germany
             11.3.2 UK
             11.3.3 France
             11.3.4 Italy
             11.3.5 Rest of Europe
     11.4 APAC
             11.4.1 China
             11.4.2 Japan
             11.4.3 India
             11.4.4 Rest of APAC
     11.5 ROW
             11.5.1 South America
             11.5.2 Middle East
             11.5.3 Africa

12 Competitive Landscape
     12.1 Introduction
     12.2 Industrial radiography market rank analysis
     12.3 Competitive leadership mapping
             12.3.1 Visionary leaders
             12.3.2 Dynamic differentiators
             12.3.3 Innovators
             12.3.4 Emerging companies
     12.4 Competitive situation & trends

13 Company Profiles 
     13.1 Key Players
             13.1.1 General Electric
             13.1.2 Fujifilm
             13.1.3 Nikon
             13.1.4 Shimadzu
             13.1.5 Comet Group
             13.1.6 Anritsu
             13.1.7 Mettler-Toledo
             13.1.8 Perkinelmer
             13.1.9 3DX-Ray
             13.1.10 Bosello High Technology
     13.2 Other Key Players
             13.2.1 Mistras Group Inc.
             13.2.2 American testing services
             13.2.3 Ashtead technology Ltd.
             13.2.4 Applied Technical Services Inc.
             13.2.5 Nordson dage
             13.2.6 TUV Rheinland AG
             13.2.7 North Star Imaging
             13.2.8 Thales Group
             13.2.9 TWI
             13.2.10 Teledyne DALSA

14 Appendix

The study involved 4 major activities for estimating the size of the industrial radiography market. Exhaustive secondary research has been conducted to collect information on the market. The next step involved has been validating these findings, assumptions, with industry experts across the value chain through primary research. Both top-down and bottom-up approaches have been employed to estimate the overall market size. Thereafter, market breakdown and data triangulation techniques 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 important for this study. Secondary sources such as encyclopedias, directories, and databases, IEEE journals, International Atomic Energy Agency, National Academy of Sciences and leading players’ newsletters have been used to identify and collect information for an extensive technical and commercial study of the industrial radiography market.

Primary Research

In the primary research process, primary sources from both supply and demand sides have been interviewed to obtain qualitative and quantitative information important for this report. Primary sources, such as experts from related industries and suppliers, have been interviewed to obtain and verify critical information, as well as assess prospects. Key players in the industrial radiography market have been identified through secondary research, and their respective market rankings have been determined through primary and secondary research. This research included studying annual reports of top market players and interviewing key opinion leaders such as CEOs, directors, and marketing personnel.

Industrial Radiography Market

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

Market Size Estimation

In the complete market engineering process, both top-down and bottom-up approaches have been implemented, along with several data triangulation methods, to estimate and validate the size of the industrial radiography market and other dependent submarkets listed on this report.

  • Key players in the industry and industrial radiography markets have been identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research.

All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size, the total market has been split into several segments. To complete the overall market engineering process and arrive at exact statistics for all segments, market breakdown, and data triangulation procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. The market has also been validated using both top-down and bottom-up approaches.

Study Objectives:

  • To describe and forecast the industrial radiography market, in terms of value, by imaging technique and end user
  • To describe and forecast the market, in terms of value, by region—North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW)
  • To provide detailed information regarding factors (drivers, restraints, opportunities, and challenges) influencing market growth
  • To provide a detailed overview of the value chain of the industrial radiography ecosystem
  • To analyze opportunities for stakeholders in the industrial radiography market by identifying its high-growth segments
  • To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
  • To strategically profile key players and comprehensively analyze their market shares and core competencies, along with detailing the competitive leadership and analyzing growth strategies such as product launches and developments, expansions, acquisitions, agreements, mergers, joint ventures, and the partnerships of leading players.

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Report Code
SE 3844
Published ON
Mar, 2020
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