Global radiography test equipment demand is anticipated to be valued at USD 18 Billion in 2021, forecast to grow at a CAGR of 6.3% to be valued at USD 35 Billion from 2022 to 2032. Growth is attributed to increasing growth in construction and manufacturing industries coupled with rising demand for radiography testing equipment for material science research in both developed and developing economies.
| Report Attribute | Details |
|---|---|
| Estimated Base Year Value (2021) | USD 18 Billion |
| Expected Market Value (2022) | USD 19 Billion |
| Anticipated Forecast Value (2032) | USD 35 Billion |
| Projected Growth Rate (2022 to 2032) | 6.3% CAGR |
Radiography test equipment is employed in industrial radiography applications which is the primary driver of the market. With the rise in investments in industrial infrastructure, growth is inevitable for the radiography test equipment industry.
Radiography test equipment is employed to test material content used in cement, asphalt, bituminous rocks, and others. Furthermore, this is considered a prerequisite before engaging in any construction activity. With the rise in construction industries and material science labs to conduct testing operations, North America, Europe, and Asia Pacific are expanding. Radiography uses a safe technique to identify internal flaws such as fissures in the material. The technique involves subjecting the material to an ultrasonic wave passing through it and eliminating the requirement of intrusive destructive testing.
Aging infrastructure coupled with incendiary reactions causing fire eruptions in exploding pipelines and power plant leakages drive the market.
The market is being pulled down because of the high costs of the equipment, lack of experienced technicians, and risks of high exposure to radiation have pulled the plugs on the radiography test equipment market.
Radiography test equipment growth lies in demand from aerospace and automotive sectors with safeguards prominent to industry growth. With the prevalence of digitalization over analogue systems, the radiography test equipment market is emerging as a key industry in different verticals.
When a robust concrete structure shows anomalies in the grain direction and strength, the radiography test equipment market is a viable solution for detecting the variations likewise. Safeguards to electrical equipment are also exhibiting diverse growth in the market which adds to the market growth of the radiography testing equipment market.
Swift development in the manufacturing industry in regional markets including Asia Pacific with countries such as India, China, and Japan is driving the radiography test equipment market. The inherent use of radiography equipment in industries such as electronics, pulp and paper, and semiconductors for testing equipment and complying with industrial regulations is driving the radiography test equipment market.
Some prominent industrial bodies such as the Internal Organization for Standardization (ISO) and the American Society of Mechanical Engineering (ASME) have made it mandatory to follow guidelines to maintain instrument safety which drives the growth prospects of the radiography test equipment market.
The primary challenge the radiography test equipment industry faces is the health constraints associated with exposure to radiation. The other constraints include the dearth of skilled technicians and the high cost of radiography test equipment which are major factors causing growth to backfire in the radiography test equipment market.
Asia Pacific is witnessing overpowering industrial activity in the region with a boom in the manufacturing, energy, and power sectors. This has created a rapid penetration in the Asia-Pacific market which is expected to grow at a high CAGR during the forecast period.
According to Future Market Insights, North America is expected to hold a major market share in terms of value in the radiography test equipment market due to the rapid adoption of radiography test equipment and non-destructive testing technologies across various industries such as automotive and aerospace, and defense. Furthermore, the radiography test equipment market in the region benefits from high access to skilled labor in the United States of America.
Some of the major players covered in the radiography test equipment market report are Siemens Healthcare GmbH, Jones X-Ray, Inc, Konica Minolta Business Solutions India Private Limited, Euroteck Systems, Multi, Inc, MXR Imaging Inc, Desert Health Imaging Technologies, LLC, FUJIFILM Corporation and Koninklijke Philips N.V, Johnson and Johnson Services, Inc., B. Braun Melsungen AG, MedicalTek Co., Ltd., and Solos Endoscopy, among other domestic and global players
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 6.3% from 2022 to 2032 |
| Market Value in 2022 | USD 19 Billion |
| Market Value in 2032 | USD 35 Billion |
| Base Year for Estimation | 2021 |
| Historical Data | 2015 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Billion, Volume in Kilotons, and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Imaging Methods, Industry, Region |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia & Pacific; Middle East and Africa |
| Key Countries Profiled | USA, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, Russia, BENELUX, China, Japan, South Korea, India, ASEAN, Australia & New Zealand, GCC Countries, South Africa, Turkey |
| Key Companies Profiled | General Electric Company; Nikon Metrology Inc.; YXLON International; Olympus Corporation; Hitachi Ltd.; Rigaku Corporation; Carl Zeiss X-Ray Technologies S.r.l; Canon Inc.; North Star Imaging Inc.; Hamamatsu Photonics KK |
| Customization | Available Upon Request |
Table 1: Global Market Value (US$ Million) Forecast by Region, 2017 to 2032
Table 2: Global Market Volume (Units) Forecast by Region, 2017 to 2032
Table 3: Global Market Value (US$ Million) Forecast by Imaging Methods, 2017 to 2032
Table 4: Global Market Volume (Units) Forecast by Imaging Methods, 2017 to 2032
Table 5: Global Market Value (US$ Million) Forecast by Industry, 2017 to 2032
Table 6: Global Market Volume (Units) Forecast by Industry, 2017 to 2032
Table 7: North America Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 8: North America Market Volume (Units) Forecast by Country, 2017 to 2032
Table 9: North America Market Value (US$ Million) Forecast by Imaging Methods, 2017 to 2032
Table 10: North America Market Volume (Units) Forecast by Imaging Methods, 2017 to 2032
Table 11: North America Market Value (US$ Million) Forecast by Industry, 2017 to 2032
Table 12: North America Market Volume (Units) Forecast by Industry, 2017 to 2032
Table 13: Latin America Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 14: Latin America Market Volume (Units) Forecast by Country, 2017 to 2032
Table 15: Latin America Market Value (US$ Million) Forecast by Imaging Methods, 2017 to 2032
Table 16: Latin America Market Volume (Units) Forecast by Imaging Methods, 2017 to 2032
Table 17: Latin America Market Value (US$ Million) Forecast by Industry, 2017 to 2032
Table 18: Latin America Market Volume (Units) Forecast by Industry, 2017 to 2032
Table 19: Europe Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 20: Europe Market Volume (Units) Forecast by Country, 2017 to 2032
Table 21: Europe Market Value (US$ Million) Forecast by Imaging Methods, 2017 to 2032
Table 22: Europe Market Volume (Units) Forecast by Imaging Methods, 2017 to 2032
Table 23: Europe Market Value (US$ Million) Forecast by Industry, 2017 to 2032
Table 24: Europe Market Volume (Units) Forecast by Industry, 2017 to 2032
Table 25: East Asia Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 26: East Asia Market Volume (Units) Forecast by Country, 2017 to 2032
Table 27: East Asia Market Value (US$ Million) Forecast by Imaging Methods, 2017 to 2032
Table 28: East Asia Market Volume (Units) Forecast by Imaging Methods, 2017 to 2032
Table 29: East Asia Market Value (US$ Million) Forecast by Industry, 2017 to 2032
Table 30: East Asia Market Volume (Units) Forecast by Industry, 2017 to 2032
Table 31: South Asia & Pacific Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 32: South Asia & Pacific Market Volume (Units) Forecast by Country, 2017 to 2032
Table 33: South Asia & Pacific Market Value (US$ Million) Forecast by Imaging Methods, 2017 to 2032
Table 34: South Asia & Pacific Market Volume (Units) Forecast by Imaging Methods, 2017 to 2032
Table 35: South Asia & Pacific Market Value (US$ Million) Forecast by Industry, 2017 to 2032
Table 36: South Asia & Pacific Market Volume (Units) Forecast by Industry, 2017 to 2032
Table 37: MEA Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 38: MEA Market Volume (Units) Forecast by Country, 2017 to 2032
Table 39: MEA Market Value (US$ Million) Forecast by Imaging Methods, 2017 to 2032
Table 40: MEA Market Volume (Units) Forecast by Imaging Methods, 2017 to 2032
Table 41: MEA Market Value (US$ Million) Forecast by Industry, 2017 to 2032
Table 42: MEA Market Volume (Units) Forecast by Industry, 2017 to 2032
Figure 1: Global Market Value (US$ Million) by Imaging Methods, 2022 to 2032
Figure 2: Global Market Value (US$ Million) by Industry, 2022 to 2032
Figure 3: Global Market Value (US$ Million) by Region, 2022 to 2032
Figure 4: Global Market Value (US$ Million) Analysis by Region, 2017 to 2032
Figure 5: Global Market Volume (Units) Analysis by Region, 2017 to 2032
Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2022 to 2032
Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2022 to 2032
Figure 8: Global Market Value (US$ Million) Analysis by Imaging Methods, 2017 to 2032
Figure 9: Global Market Volume (Units) Analysis by Imaging Methods, 2017 to 2032
Figure 10: Global Market Value Share (%) and BPS Analysis by Imaging Methods, 2022 to 2032
Figure 11: Global Market Y-o-Y Growth (%) Projections by Imaging Methods, 2022 to 2032
Figure 12: Global Market Value (US$ Million) Analysis by Industry, 2017 to 2032
Figure 13: Global Market Volume (Units) Analysis by Industry, 2017 to 2032
Figure 14: Global Market Value Share (%) and BPS Analysis by Industry, 2022 to 2032
Figure 15: Global Market Y-o-Y Growth (%) Projections by Industry, 2022 to 2032
Figure 16: Global Market Attractiveness by Imaging Methods, 2022 to 2032
Figure 17: Global Market Attractiveness by Industry, 2022 to 2032
Figure 18: Global Market Attractiveness by Region, 2022 to 2032
Figure 19: North America Market Value (US$ Million) by Imaging Methods, 2022 to 2032
Figure 20: North America Market Value (US$ Million) by Industry, 2022 to 2032
Figure 21: North America Market Value (US$ Million) by Country, 2022 to 2032
Figure 22: North America Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 23: North America Market Volume (Units) Analysis by Country, 2017 to 2032
Figure 24: North America Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 25: North America Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 26: North America Market Value (US$ Million) Analysis by Imaging Methods, 2017 to 2032
Figure 27: North America Market Volume (Units) Analysis by Imaging Methods, 2017 to 2032
Figure 28: North America Market Value Share (%) and BPS Analysis by Imaging Methods, 2022 to 2032
Figure 29: North America Market Y-o-Y Growth (%) Projections by Imaging Methods, 2022 to 2032
Figure 30: North America Market Value (US$ Million) Analysis by Industry, 2017 to 2032
Figure 31: North America Market Volume (Units) Analysis by Industry, 2017 to 2032
Figure 32: North America Market Value Share (%) and BPS Analysis by Industry, 2022 to 2032
Figure 33: North America Market Y-o-Y Growth (%) Projections by Industry, 2022 to 2032
Figure 34: North America Market Attractiveness by Imaging Methods, 2022 to 2032
Figure 35: North America Market Attractiveness by Industry, 2022 to 2032
Figure 36: North America Market Attractiveness by Country, 2022 to 2032
Figure 37: Latin America Market Value (US$ Million) by Imaging Methods, 2022 to 2032
Figure 38: Latin America Market Value (US$ Million) by Industry, 2022 to 2032
Figure 39: Latin America Market Value (US$ Million) by Country, 2022 to 2032
Figure 40: Latin America Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 41: Latin America Market Volume (Units) Analysis by Country, 2017 to 2032
Figure 42: Latin America Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 43: Latin America Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 44: Latin America Market Value (US$ Million) Analysis by Imaging Methods, 2017 to 2032
Figure 45: Latin America Market Volume (Units) Analysis by Imaging Methods, 2017 to 2032
Figure 46: Latin America Market Value Share (%) and BPS Analysis by Imaging Methods, 2022 to 2032
Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Imaging Methods, 2022 to 2032
Figure 48: Latin America Market Value (US$ Million) Analysis by Industry, 2017 to 2032
Figure 49: Latin America Market Volume (Units) Analysis by Industry, 2017 to 2032
Figure 50: Latin America Market Value Share (%) and BPS Analysis by Industry, 2022 to 2032
Figure 51: Latin America Market Y-o-Y Growth (%) Projections by Industry, 2022 to 2032
Figure 52: Latin America Market Attractiveness by Imaging Methods, 2022 to 2032
Figure 53: Latin America Market Attractiveness by Industry, 2022 to 2032
Figure 54: Latin America Market Attractiveness by Country, 2022 to 2032
Figure 55: Europe Market Value (US$ Million) by Imaging Methods, 2022 to 2032
Figure 56: Europe Market Value (US$ Million) by Industry, 2022 to 2032
Figure 57: Europe Market Value (US$ Million) by Country, 2022 to 2032
Figure 58: Europe Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 59: Europe Market Volume (Units) Analysis by Country, 2017 to 2032
Figure 60: Europe Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 61: Europe Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 62: Europe Market Value (US$ Million) Analysis by Imaging Methods, 2017 to 2032
Figure 63: Europe Market Volume (Units) Analysis by Imaging Methods, 2017 to 2032
Figure 64: Europe Market Value Share (%) and BPS Analysis by Imaging Methods, 2022 to 2032
Figure 65: Europe Market Y-o-Y Growth (%) Projections by Imaging Methods, 2022 to 2032
Figure 66: Europe Market Value (US$ Million) Analysis by Industry, 2017 to 2032
Figure 67: Europe Market Volume (Units) Analysis by Industry, 2017 to 2032
Figure 68: Europe Market Value Share (%) and BPS Analysis by Industry, 2022 to 2032
Figure 69: Europe Market Y-o-Y Growth (%) Projections by Industry, 2022 to 2032
Figure 70: Europe Market Attractiveness by Imaging Methods, 2022 to 2032
Figure 71: Europe Market Attractiveness by Industry, 2022 to 2032
Figure 72: Europe Market Attractiveness by Country, 2022 to 2032
Figure 73: East Asia Market Value (US$ Million) by Imaging Methods, 2022 to 2032
Figure 74: East Asia Market Value (US$ Million) by Industry, 2022 to 2032
Figure 75: East Asia Market Value (US$ Million) by Country, 2022 to 2032
Figure 76: East Asia Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 77: East Asia Market Volume (Units) Analysis by Country, 2017 to 2032
Figure 78: East Asia Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 79: East Asia Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 80: East Asia Market Value (US$ Million) Analysis by Imaging Methods, 2017 to 2032
Figure 81: East Asia Market Volume (Units) Analysis by Imaging Methods, 2017 to 2032
Figure 82: East Asia Market Value Share (%) and BPS Analysis by Imaging Methods, 2022 to 2032
Figure 83: East Asia Market Y-o-Y Growth (%) Projections by Imaging Methods, 2022 to 2032
Figure 84: East Asia Market Value (US$ Million) Analysis by Industry, 2017 to 2032
Figure 85: East Asia Market Volume (Units) Analysis by Industry, 2017 to 2032
Figure 86: East Asia Market Value Share (%) and BPS Analysis by Industry, 2022 to 2032
Figure 87: East Asia Market Y-o-Y Growth (%) Projections by Industry, 2022 to 2032
Figure 88: East Asia Market Attractiveness by Imaging Methods, 2022 to 2032
Figure 89: East Asia Market Attractiveness by Industry, 2022 to 2032
Figure 90: East Asia Market Attractiveness by Country, 2022 to 2032
Figure 91: South Asia & Pacific Market Value (US$ Million) by Imaging Methods, 2022 to 2032
Figure 92: South Asia & Pacific Market Value (US$ Million) by Industry, 2022 to 2032
Figure 93: South Asia & Pacific Market Value (US$ Million) by Country, 2022 to 2032
Figure 94: South Asia & Pacific Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 95: South Asia & Pacific Market Volume (Units) Analysis by Country, 2017 to 2032
Figure 96: South Asia & Pacific Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 97: South Asia & Pacific Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 98: South Asia & Pacific Market Value (US$ Million) Analysis by Imaging Methods, 2017 to 2032
Figure 99: South Asia & Pacific Market Volume (Units) Analysis by Imaging Methods, 2017 to 2032
Figure 100: South Asia & Pacific Market Value Share (%) and BPS Analysis by Imaging Methods, 2022 to 2032
Figure 101: South Asia & Pacific Market Y-o-Y Growth (%) Projections by Imaging Methods, 2022 to 2032
Figure 102: South Asia & Pacific Market Value (US$ Million) Analysis by Industry, 2017 to 2032
Figure 103: South Asia & Pacific Market Volume (Units) Analysis by Industry, 2017 to 2032
Figure 104: South Asia & Pacific Market Value Share (%) and BPS Analysis by Industry, 2022 to 2032
Figure 105: South Asia & Pacific Market Y-o-Y Growth (%) Projections by Industry, 2022 to 2032
Figure 106: South Asia & Pacific Market Attractiveness by Imaging Methods, 2022 to 2032
Figure 107: South Asia & Pacific Market Attractiveness by Industry, 2022 to 2032
Figure 108: South Asia & Pacific Market Attractiveness by Country, 2022 to 2032
Figure 109: MEA Market Value (US$ Million) by Imaging Methods, 2022 to 2032
Figure 110: MEA Market Value (US$ Million) by Industry, 2022 to 2032
Figure 111: MEA Market Value (US$ Million) by Country, 2022 to 2032
Figure 112: MEA Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 113: MEA Market Volume (Units) Analysis by Country, 2017 to 2032
Figure 114: MEA Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 115: MEA Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 116: MEA Market Value (US$ Million) Analysis by Imaging Methods, 2017 to 2032
Figure 117: MEA Market Volume (Units) Analysis by Imaging Methods, 2017 to 2032
Figure 118: MEA Market Value Share (%) and BPS Analysis by Imaging Methods, 2022 to 2032
Figure 119: MEA Market Y-o-Y Growth (%) Projections by Imaging Methods, 2022 to 2032
Figure 120: MEA Market Value (US$ Million) Analysis by Industry, 2017 to 2032
Figure 121: MEA Market Volume (Units) Analysis by Industry, 2017 to 2032
Figure 122: MEA Market Value Share (%) and BPS Analysis by Industry, 2022 to 2032
Figure 123: MEA Market Y-o-Y Growth (%) Projections by Industry, 2022 to 2032
Figure 124: MEA Market Attractiveness by Imaging Methods, 2022 to 2032
Figure 125: MEA Market Attractiveness by Industry, 2022 to 2032
Figure 126: MEA Market Attractiveness by Country, 2022 to 2032
FMI projects the global radiography test equipment market to expand at a 6.3% value CAGR by 2032
Asia Pacific is expected to be the most opportunistic radiography test equipment market expanding at a CAGR
Siemens Healthcare GmbH, Jones X-Ray, Inc, Konica Minolta Business Solutions India Private Limited, Euroteck Systems, are some prominent radiography test equipment manufacturers
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Radiography Test Equipment Market
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