Global Industrial Radiography Market was valued US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027 at a CAGR of XX % during the forecast period. The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
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The important growth drivers of global industrial radiography market are increasing integration with the advanced software which in turn of increases its inspection quality along with the popularity, strict regulations made by different regional government and, rising demand of industrial radiography in aerospace automotive industry are also supporting the growth of global industrial radiography market. However higher deployment cost of this technology along with high risk of radiation exposure are becoming the key restraints, limiting the growth of global industrial radiography market. The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis. The digital radiography segment is expected to expand at a rapid pace throughout the forecast period, because of high accuracy and better image quality of components under consideration offered by this method.
Global Industrial Radiography Market Regional Analysis:
With a highly developed industrial sector across the region, North America has observed substantial growth in industrial radiography market on the back of rising industrial radiography usage in food and beverage industries. Asia Pacific is predicted to follow North America in terms of usage on account of increasing industrialization with growing industrial radiography application. On the back of multiplying industrial radiography uses in growing end-use industries for instance, automotive, petrochemical and gas, manufacturing and others, Asia Pacific is budding as a regional industrial radiography using market. Europe is expected to drive demand and positively impact industrial radiography market growth over the forecast period because of increasing industrial radiography application for non-destructive examination of components for various manufacturing processes. Many multi-national companies are concentrating towards new product advances in industrial radiography. Moreover, the many advantageous properties of industrial radiography are exploited in the field of automotive and aerospace inspection now and then. New uses for industrial radiography in petrochemical and gas industry are expected to drive the industrial radiography market rapidly. The report covers well-established players operating in the global industrial radiography equipment market including Fujifilm Corporation, Comet Group, Shimadzu Corporation, Nikon Corporation, and North Star Imaging. These established players are engaged in the development of innovative industrial radiography equipment and their introduction in the market. Secondary research sources that are typically referred to contain, but are not limited to: company websites, reports, financial reports, market reports, news articles, press releases, webcasts specific to companies operating in the market, national government documents, statistical databases, and Factiva. The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding dynamics, structure by analyzing the market segments by type, application, and region and, project the global market size. The report also provides a clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the industrial radiography market. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders in arranging the efforts and investment in the near future to a particular market segment.
Global Industrial Radiography Market, Key Highlights:
• Global Industrial Radiography Market analysis and forecast, in terms of value. • Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Industrial Radiography Market • Global Industrial Radiography Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided. • Global Industrial Radiography Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study. • Global Industrial Radiography Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East Africa (MEA) and Latin America along with country-wise segmentation. • Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled. • Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Industrial Radiography Market are also profiled. The report has considered the base year of 2019 and past four years trend. 2020 figures are at actuals, however due to different dynamics of year 2020, market forecast is not only dependent upon 2020, but on the basis of 2016-2020.
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Global Industrial Radiography Market, by Technique
• Film-Based • Digital
Global Industrial Radiography Market, by Industry
• Petrochemical Gas • Power Generation • Manufacturing • Aerospace • Automotive Transportation
Global Industrial Radiography Market, by Region
• North America • Europe • Asia Pacific • Middle East Africa • South America
Global Industrial Radiography Market, Key Players
• Comet Holding AG • Fujifilm Holdings Corporation • 3DX-Ray Ltd. • Mettler-Toledo International Inc. • Bosello High Technology SRL • Shimadzu Corporation • General Electric • Nikon Corporation • Anritsu Corporation • PerkinElmer Inc. • Emerson • Honetwell • Rockwell • Yokagawa • Siemens • YXLON International • Hitachi Ltd. • Olympus Corporation • Mettler-Toledo International Inc. • Shimadzu Corporation
