Industrial Radiography Market and Top Companies
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, utilization, and control of electricity. GE operates through 8 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.
Comet Group (Switzerland) is a globally 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 science products, pharmaceutical products, 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.
Nikon Corporation (Japan)
Nikon Corporation is one of the players in the field of advanced optoelectronics and precision technologies. The company operates through four business segments, namely, Imaging Products Business, Precision Equipment Business, Industrial Metrology and Others, and Healthcare Business. It provides industrial radiography-related products and solutions through the Industrial Metrology and Others segment. The products and solutions from the Industrial Metrology segment are used for applications in industries such as automotive, aerospace, and electronics manufacturing.
Shimadzu Corporation (Japan)
Shimadzu Corporation is a major manufacturer of precision tools and equipment. The company also specializes in developing, manufacturing, and selling analytical and measuring instruments, medical systems, and aircraft and industrial equipment. The company operates through 5 business segments, namely, Analytical & Measuring Instruments, Medical Systems, Industrial Machinery, Aircraft Equipment, and Other Products. The products and solutions related to industrial radiography are offered under the Analytical & Measuring Instruments segment. This segment is divided into several sub-segments. General analytical instruments are mainly used for pharmaceutical, chemical, and life science purposes. Surface analyzers are mainly used for electronics, metals, and nonferrous metals. Drain and exhaust gas monitors are primarily used for factories and thermal power stations. Moreover, testing and non-destructive inspection machines are used for various materials.
Industrial Radiography Market and Top End-user Industries
Automotive & Transportation
The automotive sector is developing rapidly and is focusing more on high-value proposition along with cost reductions. Industrial radiography tools have become invaluable in these efforts as they provide manufacturers the ability to engineer products of higher quality with tighter tolerances, while also providing them a way to inspect the products during the production process. Industrial radiography is used for the measurement of the internal and external geometry of critical parts to compare with the original CAD model. Industrial radiography techniques have the following applications, resistance spot weld inspection, MAG weld inspection, inspection overlapped laser welds, and the inspection of glued joints. Industrial radiography is very valuable during the development phase. It involves inspection that is generally performed on casting components, plastic components, cast wheels, engine components, tires, fuel injectors, and the components of braking assembly among others.
Industrial radiography plays a critical role in the aerospace industry as any fault in the equipment can put lives at risk every day; therefore, high precision is important in this sector. The aerospace industry involves the extensive use of industrial radiography techniques. The complex technology and structural characteristics of aerospace components are critical with respect to both safety and performance. Sometimes it becomes very difficult to detect flaws and defects in these components, which can result in huge failures causing consequences far beyond commercial loss.
Petrochemical & gas
The petrochemicals and gas industry is one of the major end users in the industrial radiography market in terms of market share. Workplace safety is of utmost importance in this industry hence, radiographic techniques are used to keep constant checks on the equipment. In the petrochemicals and gas industry, industrial radiography is mainly used for inspecting the welds of pipelines and pressure vessels. Industrial radiography testing in this end user includes monitoring pipelines, storage tanks, and refining equipment for measuring internal corrosions without externally damaging the material. The monitoring is carried out according to safety and environmental regulations to extend the life and productivity of assets, minimize repair costs, manage risks, and avoid catastrophic disasters.
The power generation sector has seen a worldwide increase in the use and demand for energy production, which has increased the number of power plants worldwide and boosted the demand for industrial radiography testing equipment in the market. The industrial radiography market in this sector is driven by service providers who continuously inspect the power plants of both conventional and nuclear sites. A few of the main parts for inspection are boilers, heaters, turbines, generators, feedwater heaters, reactor vessels, and condensers. Industrial radiography provides inspection solutions for fossil fuel, nuclear, wind, and solar applications. It helps in maximizing efficiency, minimizing downtime, and enhancing productivity.
Industrial radiographic inspection and testing are important in manufacturing plants. Further, consumer durable goods, non-durable goods, electronic components, and equipment have to undergo regulatory standard testing before being launched. There is a huge demand for industrial radiography inspection equipment and services from industries such as mining, iron foundry, piping, tube manufacturing, heavy engineering, shipbuilding, and metal. To monitor and regulate the equipment according to standard values, industrial radiography techniques are frequently used in all manufacturing plants. The different segments that the manufacturing end user can be divided into are mining industry, metal industry, foundry, shipbuilding, and pipe & tube manufacturing.
Industrial Radiography Market by Imaging techniques
In film-based radiography, a film is exposed to radiations such as x-rays and gamma rays that are bombarded on the item being inspected. The development time of the image in this technique is longer compared with other techniques. However, the technology is better understood and known by people. The process control is simpler in comparison to other forms of radiography. Film-based radiography measures defects using a transparent base and an emulsion layer. Further film-based radiography is a volumetric testing method. The film used in it is lightweight, flexible, and suitable for various applications. All films such as spot films, laser films, video films, are direct exposure films are used with the transparent base and emulsion layer.
Digital radiography is the latest development, A digital image-capturing device is used in digital radiography instead of X-ray films. The image quality can be enhanced using computer processing. The image gets stored in a digital format; hence, a database can be maintained for future referrals. Digital radiography is used in various industries: petrochemicals & gas, power generation, manufacturing, aerospace, automotive & transportation, and others. The advantage of this technique is that the images can be made more precise at every stage. An ideal imaging system should develop a high-quality image with minimal radiation exposure, which can be achieved in digital radiography.
[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.
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.
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.
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.
As of 2019, General Electric (U.S.), FujiFilm Holdings Corporation (Japan), and COMET Group (Switzerland) dominated the industrial radiography market.
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 (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 (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.
Value (USD) in million
Imaging technique and end user
North America, APAC, Europe, and RoW
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.
What are the key factors driving industrial radiography market?
Stringent regulations by various governments regarding industrial safety and product quality, increasing demand for NDT services in automotive and aerospace industries are the driving factors in the industrial radiography market.
Which is the potential market for industrial radiography market in terms of region?
The APAC region is growing at the fastest rate during the forecast period.
What are the major companies dealing in industrial radiography market?
The major companies dealing in the industrial radiography market are: General Electric, FujiFilm Holdings Corporation, and COMET Group, Nikon, Shimadzu, Anritsu, Mettler-Toledo, PerkinElmer.
Which type of imaging technology will be widely used in the industrial radiography market?
In industrial radiography market digital radiography is most widely used imaging technology.
Which are the major end users of industrial radiography market? How huge is the opportunity for their growth in the next five years?
The major end users of industrial radiography includes petrochemicals & gas, power generation, manufacturing, aerospace, and automotive & transportation . which will lead to market opportunity of USD 784 million by 2025
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Table of Content
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
1.6 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
5.2 Market Dynamics
5.3 Value Chain Analysis
6 Basic Components Of Industrial Radiography
7 Industrial Radiography Imaging Process
8 Industrial Radiography Market, By Imaging Technology
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
9.3 Gamma Rays
10 Industrial Radiography Market, By Industry
10.3 Oil & Gas
10.4 Aerospace & Defense
10.6 Power Generation
11 Industrial Radiography Market, By Geography
11.2 North America
11.3.5 Rest of Europe
11.4.4 Rest of APAC
11.5.1 South America
11.5.2 Middle East
12 Competitive Landscape
12.2 Industrial radiography market rank analysis
12.3 Competitive leadership mapping
12.3.1 Visionary leaders
12.3.2 Dynamic differentiators
12.3.4 Emerging companies
12.4 Competitive situation & trends
13 Company Profiles
13.1 Key Players
13.1.1 General Electric
13.1.5 Comet Group
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
13.2.10 Teledyne DALSA
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.
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.
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.
To know about the assumptions considered for the study, download the pdf brochure
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.
All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
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.
With the given market data, MarketsandMarkets offers customizations according to a company’s specific needs. The following customization options are available for the report.
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