Industrial Radiography Market | Size, Share and Market Forecast to 2020

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.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=249604981

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.

Key players in the industrial radiography market are 3DX-RAY LTD. (U.K.), Anritsu Corporation (Japan), Bosello High Technology srl (Italy), PerkinElmer, Inc. (U.S.), General Electric (U.S.), FujiFilm Holdings Corporation (Japan), Nikon Corporation (Japan), Shimadzu Corporation (Japan), Mettler-Toledo International Inc. (Switzerland), and COMET Holding AG (Switzerland) among others.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441