What Has Been the Progress and Growth of the Industrial X-Ray Market in Recent Years?
The industrial x-ray market has seen considerable growth due to a variety of factors.
• The industrial X-ray market has experienced significant growth in recent years. It is expected to increase from $2.99 billion in 2024 to $3.22 billion in 2025, reflecting a CAGR of 7.7%.
The growth is due to the growing use of X-ray technology in the food and beverage sector, the demand for point-of-care imaging, early-stage diagnosis of chronic diseases, and new applications for X-ray systems.
How Does the Forecast Look for the Industrial X-Ray Market?
The industrial x-ray market is expected to maintain its strong growth trajectory in upcoming years.
• The industrial X-ray market is forecast to reach $4.28 billion by 2029 at a CAGR of 7.4%.
Growth is attributed to increased demand for advanced medical imaging systems, awareness of digital X-ray benefits, improvements in patient-centric healthcare, growing healthcare infrastructure expenditure, and the adoption of digital radiography. Trends include technological advancements, product innovation, and the integration of X-ray systems with robotics and automation.
What Are The Leading Drivers Of Growth In The Industrial X-Ray Market?
The growth of the food and beverage sector is anticipated to boost the industrial X-ray market. The expansion of the food and beverage industry, driven by changes in consumer preferences and technological advancements, increases the need for quality control and product safety. Industrial X-rays are used for detecting foreign objects and ensuring safety in food production. According to the Australian Bureau of Statistics, food and beverage sales in Australia increased by 1.4% in 2020-2021. Thus, the growth of the food and beverage sector is fueling the industrial X-ray market.
How Are The Segments Defined Within The Global Industrial X-Ray Market?
The industrial X-ray market covered in this report is segmented –
1) By Product Type: X-Ray Instruments, X-Ray Consumables, X-Ray Services
2) By Imaging Technique: Digital Radiography, Film-Based Radiography
3) By Range: Micro Focus X-Ray, High Energy X-Ray, Other Ranges
4) By Application: Aerospace Industries, Defense And Military, Power Generation Industry, Automotive Industry, Manufacturing Industry, Food And Beverages Industry, Other Applications
5) By Distribution Channel: Direct Channel, Indirect Channel
Subsegments:
1) By X-Ray Instruments: X-Ray Inspection Systems, X-Ray Detectors, X-Ray Tubes, Portable X-Ray Machines
2) By X-Ray Consumables: X-Ray Films, X-Ray Fluorescent Screens, Film Processing Chemicals, X-Ray Cassettes
3) By X-Ray Services: X-Ray Inspection Services, X-Ray Maintenance Services, X-Ray Testing And Certification Services
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What New Trends Are Influencing The Industrial X-Ray Market?
Key players in the industrial X-ray market are targeting product innovation, like industrial X-ray diffractometers, to achieve an advantageous position. These devices are sophisticated analysis tools for understanding and detailing the crystalline make-up of substances. For example, Rigaku Corporation, a company from Japan specializing in X-ray analysis and assessment equipment, unveiled the XSPA-400 ER Detector in October 2022. This device is a new entrant to their collection of general-use X-ray diffractometers. It provides enhanced resolution and sensitivity, making it versatile for different X-ray diffraction uses. The device employs a top-of-the-line silicon drift detector (SDD) for excellent energy resolution and count rate abilities, ensuring more precise and dependable data for its users.
Who Are the Key Players In The Industrial X-Ray Market?
Major companies operating in the industrial X-ray market are:
• Hitachi Ltd.
• Siemens AG
• General Electric Company
• Fujifilm Holdings Corporation
• Rolls-Royce Holdings plc
• BAE Systems
• Mettler-Toledo International Inc.
• Varian Medical Systems Inc.
• PerkinElmer Inc.
• Bruker Corporation
• Agfa-Gevaert Group
• ZEISS Group
• Carestream Health
• Varex Imaging
• Comet Group
• Rigaku Corporation
• CANON MEDICAL SYSTEMS CORPORATION
• Gulmay
• Metrix NDT
• Krystalvision Image Systems Pvt. Ltd.
• Vision Medicaid Equipment Private Limited
• X-Innovations Technologies Ltd
• Lucky Healthcare Co. Ltd.
• PROTEC GmbH & Co. KG
What Is The Most Dominant Region In The Industrial X-Ray Market?
North America was the largest region in the industrial X-ray market in 2023. The regions covered in the industrial X-ray market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
