Industrial Radiography Market by Imaging Technique (Film-based Radiography, Digital Radiography) Global Forecast to 2025
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% during the forecast period. Industrial radiography is the process of performing the non-destructive testing and inspection of materials using radiation from a radioactive material source or a radiation-producing machine. Ionizing radiation can penetrate objects and create images on photographic films. This technique is known as radiography and the processed films are known as radiographs. Further, increasing demand for NDT services in automotive and aerospace industries, advancements in software that are integrated into radiography systems, stringent regulations by various governments regarding industrial safety and product quality, and the preventive maintenance of industrial equipment are the major factors driving the market growth.
Computed tomography segment likely to continue to dominate industrial radiography market during forecast period
Computed tomography accounted for the largest share of the digital radiography market in 2019. This high market share is mainly attributed to the additional feature of dimensional measurement offered by this technique. Computed tomography can be used for the purpose of testing, as well as for dimensional metrology owing to its 3D image-capturing capability.
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Automotive & transportation end user to hold major share of industrial radiography market in 2025
The automotive & transportation end user is expected to hold the majority of market share in 2025. The growing focus on automotive production and infrastructure development in an emerging region has boosted the growth of the industrial radiography market for the automotive and transportation end user. 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.
APAC is expected to be fastest-growing market for industrial radiography during 2020–2025
The industrial radiography market in APAC is expected to grow at the highest CAGR during the forecast period. The consumer electronics sector is 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, stringent government regulations for safety have created a huge demand for industrial radiography equipment in this region.
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