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Radiography Test Equipment Market Snapshot (2022 to 2032)

Global radiography test equipment demand is anticipated to be valued at US$ 18 Billion in 2021, forecast to grow at a CAGR of 6.3% to be valued at US$ 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) US$ 18 Billion
Expected Market Value (2022) US$ 19 Billion
Anticipated Forecast Value (2032) US$ 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.

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Which are Some Prominent Drivers Spearheading Radiography Test Equipment Market Growth?

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.

What are the Challenges Faced by the Radiography Test Equipment industry?

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.

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Why is Asia Pacific Emerging as an Opportunistic 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.

How is North America contributing to Growth of the Radiography Test Equipment Market?

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.

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Market Competition

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 Scope

Report Attribute Details
Growth Rate CAGR of 6.3% from 2022 to 2032
Market Value in 2022 US$ 19 Billion
Market Value in 2032 US$ 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
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Key Segments Profiled in the Radiography Test Equipment Industry Survey

By Imaging Methods:

  • Film
  • Digital
  • Computed
  • Real-Time
  • Computed Tomography

By Industry:

  • Automotive
  • Aerospace & Defence
  • Oil & Gas
  • Petrochemicals
  • Energy & Power
  • Other Industries

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa

Frequently Asked Questions

What is the anticipated growth of the radiography test equipment market until 2032?

FMI projects the global radiography test equipment market to expand at a 6.3% value CAGR by 2032

Which region is forecast to be the most lucrative for radiography test equipment market growth?

Asia Pacific is expected to be the most opportunistic radiography test equipment market expanding at a CAGR

Which are some prominent radiography test equipment manufacturers?

Siemens Healthcare GmbH, Jones X-Ray, Inc, Konica Minolta Business Solutions India Private Limited, Euroteck Systems, are some prominent radiography test equipment manufacturers

Table of Content

1. Executive Summary | Radiography Test Equipment Market

    1.1. Global Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

        3.1.1. Drivers

        3.1.2. Restraints

        3.1.3. Opportunity 

        3.1.4. Trends

    3.2. Scenario Forecast

        3.2.1. Demand in Optimistic Scenario

        3.2.2. Demand in Likely Scenario

        3.2.3. Demand in Conservative Scenario

    3.3. Opportunity Map Analysis

    3.4. Product Life Cycle Analysis

    3.5. Supply Chain Analysis

        3.5.1. Supply Side Participants and Their Roles

            3.5.1.1. Producers

            3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)

            3.5.1.3. Wholesalers and Distributors

        3.5.2. Value Added and Value Created at Node in the Supply Chain

        3.5.3. List of Raw Material Suppliers

        3.5.4. List of Existing and Potential Buyers

    3.6. Investment Feasibility Matrix

    3.7. Value Chain Analysis

        3.7.1. Profit Margin Analysis

        3.7.2. Wholesalers and Distributors

        3.7.3. Retailers

    3.8. PESTLE and Porter’s Analysis

    3.9. Regulatory Landscape

        3.9.1. By Key Regions

        3.9.2. By Key Countries

    3.10. Regional Parent Market Outlook

    3.11. Production and Consumption Statistics

    3.12. Import and Export Statistics

4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032

    4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2017 to 2021

    4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2022 to 2032

        4.2.1. Y-o-Y Growth Trend Analysis

        4.2.2. Absolute $ Opportunity Analysis

5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Imaging Methods

    5.1. Introduction / Key Findings

    5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Imaging Methods, 2017 to 2021

    5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Imaging Methods, 2022 to 2032

        5.3.1. Film Radiography

        5.3.2. Digital Radiography

        5.3.3. Computed Radiography

        5.3.4. Real-time Radiography

        5.3.5. Computed Tomography

    5.4. Y-o-Y Growth Trend Analysis By Imaging Methods, 2017 to 2021

    5.5. Absolute $ Opportunity Analysis By Imaging Methods, 2022 to 2032

6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Industry

    6.1. Introduction / Key Findings

    6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Industry, 2017 to 2021

    6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Industry, 2022 to 2032

        6.3.1. Automotive

        6.3.2. Aerospace & Defence

        6.3.3. Oil & Gas

        6.3.4. Petrochemical

        6.3.5. Energy & Power

        6.3.6. Others

    6.4. Y-o-Y Growth Trend Analysis By Industry, 2017 to 2021

    6.5. Absolute $ Opportunity Analysis By Industry, 2022 to 2032

7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region

    7.1. Introduction

    7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2017 to 2021

    7.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2022 to 2032

        7.3.1. North America

        7.3.2. Latin America

        7.3.3. Europe

        7.3.4. East Asia

        7.3.5. South Asia & Pacific

        7.3.6. Middle East and Africa(MEA)

    7.4. Market Attractiveness Analysis By Region

8. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country

    8.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021

    8.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032

        8.2.1. By Country

            8.2.1.1. USA

            8.2.1.2. Canada

        8.2.2. By Imaging Methods

        8.2.3. By Industry

    8.3. Market Attractiveness Analysis

        8.3.1. By Country

        8.3.2. By Imaging Methods

        8.3.3. By Industry

    8.4. Key Takeaways

9. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country

    9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021

    9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032

        9.2.1. By Country

            9.2.1.1. Mexico

            9.2.1.2. Brazil

            9.2.1.3. Rest of Latin America

        9.2.2. By Imaging Methods

        9.2.3. By Industry

    9.3. Market Attractiveness Analysis

        9.3.1. By Country

        9.3.2. By Imaging Methods

        9.3.3. By Industry

    9.4. Key Takeaways

10. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country

    10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021

    10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032

        10.2.1. By Country

            10.2.1.1. Germany

            10.2.1.2. Italy

            10.2.1.3. France

            10.2.1.4. United Kingdom

            10.2.1.5. Spain

            10.2.1.6. BENELUX

            10.2.1.7. Russia

            10.2.1.8. Rest of Europe

        10.2.2. By Imaging Methods

        10.2.3. By Industry

    10.3. Market Attractiveness Analysis

        10.3.1. By Country

        10.3.2. By Imaging Methods

        10.3.3. By Industry

    10.4. Key Takeaways

11. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country

    11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021

    11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032

        11.2.1. By Country

            11.2.1.1. China

            11.2.1.2. Japan

            11.2.1.3. South Korea

        11.2.2. By Imaging Methods

        11.2.3. By Industry

    11.3. Market Attractiveness Analysis

        11.3.1. By Country

        11.3.2. By Imaging Methods

        11.3.3. By Industry

    11.4. Key Takeaways

12. South Asia & Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country

    12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021

    12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032

        12.2.1. By Country

            12.2.1.1. India

            12.2.1.2. ASEAN

            12.2.1.3. Australia and New Zealand

            12.2.1.4. Rest of South Asia & Pacific

        12.2.2. By Imaging Methods

        12.2.3. By Industry

    12.3. Market Attractiveness Analysis

        12.3.1. By Country

        12.3.2. By Imaging Methods

        12.3.3. By Industry

    12.4. Key Takeaways

13. MEA Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country

    13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2017 to 2021

    13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2022 to 2032

        13.2.1. By Country

            13.2.1.1. GCC Countries

            13.2.1.2. Turkey

            13.2.1.3. South Africa

            13.2.1.4. Rest of Middle East and Africa(MEA)

        13.2.2. By Imaging Methods

        13.2.3. By Industry

    13.3. Market Attractiveness Analysis

        13.3.1. By Country

        13.3.2. By Imaging Methods

        13.3.3. By Industry

    13.4. Key Takeaways

14. Key Countries Market Analysis

    14.1. USA

        14.1.1. Pricing Analysis

        14.1.2. Market Share Analysis, 2021

            14.1.2.1. By Imaging Methods

            14.1.2.2. By Industry

    14.2. Canada

        14.2.1. Pricing Analysis

        14.2.2. Market Share Analysis, 2021

            14.2.2.1. By Imaging Methods

            14.2.2.2. By Industry

    14.3. Mexico

        14.3.1. Pricing Analysis

        14.3.2. Market Share Analysis, 2021

            14.3.2.1. By Imaging Methods

            14.3.2.2. By Industry

    14.4. Brazil

        14.4.1. Pricing Analysis

        14.4.2. Market Share Analysis, 2021

            14.4.2.1. By Imaging Methods

            14.4.2.2. By Industry

    14.5. Germany

        14.5.1. Pricing Analysis

        14.5.2. Market Share Analysis, 2021

            14.5.2.1. By Imaging Methods

            14.5.2.2. By Industry

    14.6. Italy

        14.6.1. Pricing Analysis

        14.6.2. Market Share Analysis, 2021

            14.6.2.1. By Imaging Methods

            14.6.2.2. By Industry

    14.7. France

        14.7.1. Pricing Analysis

        14.7.2. Market Share Analysis, 2021

            14.7.2.1. By Imaging Methods

            14.7.2.2. By Industry

    14.8. United Kingdom

        14.8.1. Pricing Analysis

        14.8.2. Market Share Analysis, 2021

            14.8.2.1. By Imaging Methods

            14.8.2.2. By Industry

    14.9. Spain

        14.9.1. Pricing Analysis

        14.9.2. Market Share Analysis, 2021

            14.9.2.1. By Imaging Methods

            14.9.2.2. By Industry

    14.10. BENELUX

        14.10.1. Pricing Analysis

        14.10.2. Market Share Analysis, 2021

            14.10.2.1. By Imaging Methods

            14.10.2.2. By Industry

    14.11. Russia

        14.11.1. Pricing Analysis

        14.11.2. Market Share Analysis, 2021

            14.11.2.1. By Imaging Methods

            14.11.2.2. By Industry

    14.12. China

        14.12.1. Pricing Analysis

        14.12.2. Market Share Analysis, 2021

            14.12.2.1. By Imaging Methods

            14.12.2.2. By Industry

    14.13. Japan

        14.13.1. Pricing Analysis

        14.13.2. Market Share Analysis, 2021

            14.13.2.1. By Imaging Methods

            14.13.2.2. By Industry

    14.14. South Korea

        14.14.1. Pricing Analysis

        14.14.2. Market Share Analysis, 2021

            14.14.2.1. By Imaging Methods

            14.14.2.2. By Industry

    14.15. India

        14.15.1. Pricing Analysis

        14.15.2. Market Share Analysis, 2021

            14.15.2.1. By Imaging Methods

            14.15.2.2. By Industry

    14.16. ASEAN

        14.16.1. Pricing Analysis

        14.16.2. Market Share Analysis, 2021

            14.16.2.1. By Imaging Methods

            14.16.2.2. By Industry

    14.17. Australia and New Zealand

        14.17.1. Pricing Analysis

        14.17.2. Market Share Analysis, 2021

            14.17.2.1. By Imaging Methods

            14.17.2.2. By Industry

    14.18. GCC Countries

        14.18.1. Pricing Analysis

        14.18.2. Market Share Analysis, 2021

            14.18.2.1. By Imaging Methods

            14.18.2.2. By Industry

    14.19. Turkey

        14.19.1. Pricing Analysis

        14.19.2. Market Share Analysis, 2021

            14.19.2.1. By Imaging Methods

            14.19.2.2. By Industry

    14.20. South Africa

        14.20.1. Pricing Analysis

        14.20.2. Market Share Analysis, 2021

            14.20.2.1. By Imaging Methods

            14.20.2.2. By Industry

15. Market Structure Analysis

    15.1. Competition Dashboard

    15.2. Competition Benchmarking

    15.3. Market Share Analysis of Top Players

        15.3.1. By Regional

        15.3.2. By Imaging Methods

        15.3.3. By Industry

16. Competition Analysis

    16.1. Competition Deep Dive

        16.1.1. General Electric

            16.1.1.1. Overview

            16.1.1.2. Product Portfolio

            16.1.1.3. Profitability by Market Segments

            16.1.1.4. Sales Footprint

            16.1.1.5. Strategy Overview

                16.1.1.5.1. Marketing Strategy

                16.1.1.5.2. Product Strategy

                16.1.1.5.3. Channel Strategy

        16.1.2. Nikon Metrology Inc.

            16.1.2.1. Overview

            16.1.2.2. Product Portfolio

            16.1.2.3. Profitability by Market Segments

            16.1.2.4. Sales Footprint

            16.1.2.5. Strategy Overview

                16.1.2.5.1. Marketing Strategy

                16.1.2.5.2. Product Strategy

                16.1.2.5.3. Channel Strategy

        16.1.3. YXLON International

            16.1.3.1. Overview

            16.1.3.2. Product Portfolio

            16.1.3.3. Profitability by Market Segments

            16.1.3.4. Sales Footprint

            16.1.3.5. Strategy Overview

                16.1.3.5.1. Marketing Strategy

                16.1.3.5.2. Product Strategy

                16.1.3.5.3. Channel Strategy

        16.1.4. Olympus Corporation

            16.1.4.1. Overview

            16.1.4.2. Product Portfolio

            16.1.4.3. Profitability by Market Segments

            16.1.4.4. Sales Footprint

            16.1.4.5. Strategy Overview

                16.1.4.5.1. Marketing Strategy

                16.1.4.5.2. Product Strategy

                16.1.4.5.3. Channel Strategy

        16.1.5. Hitachi Ltd.

            16.1.5.1. Overview

            16.1.5.2. Product Portfolio

            16.1.5.3. Profitability by Market Segments

            16.1.5.4. Sales Footprint

            16.1.5.5. Strategy Overview

                16.1.5.5.1. Marketing Strategy

                16.1.5.5.2. Product Strategy

                16.1.5.5.3. Channel Strategy

        16.1.6. Rigaku Corporation

            16.1.6.1. Overview

            16.1.6.2. Product Portfolio

            16.1.6.3. Profitability by Market Segments

            16.1.6.4. Sales Footprint

            16.1.6.5. Strategy Overview

                16.1.6.5.1. Marketing Strategy

                16.1.6.5.2. Product Strategy

                16.1.6.5.3. Channel Strategy

        16.1.7. Carl Zeiss X-ray Technologies Srl

            16.1.7.1. Overview

            16.1.7.2. Product Portfolio

            16.1.7.3. Profitability by Market Segments

            16.1.7.4. Sales Footprint

            16.1.7.5. Strategy Overview

                16.1.7.5.1. Marketing Strategy

                16.1.7.5.2. Product Strategy

                16.1.7.5.3. Channel Strategy

        16.1.8. Canon Inc.

            16.1.8.1. Overview

            16.1.8.2. Product Portfolio

            16.1.8.3. Profitability by Market Segments

            16.1.8.4. Sales Footprint

            16.1.8.5. Strategy Overview

                16.1.8.5.1. Marketing Strategy

                16.1.8.5.2. Product Strategy

                16.1.8.5.3. Channel Strategy

        16.1.9. North Star Imaging Inc.

            16.1.9.1. Overview

            16.1.9.2. Product Portfolio

            16.1.9.3. Profitability by Market Segments

            16.1.9.4. Sales Footprint

            16.1.9.5. Strategy Overview

                16.1.9.5.1. Marketing Strategy

                16.1.9.5.2. Product Strategy

                16.1.9.5.3. Channel Strategy

        16.1.10. Hamamatsu Photonics KK.

            16.1.10.1. Overview

            16.1.10.2. Product Portfolio

            16.1.10.3. Profitability by Market Segments

            16.1.10.4. Sales Footprint

            16.1.10.5. Strategy Overview

                16.1.10.5.1. Marketing Strategy

                16.1.10.5.2. Product Strategy

                16.1.10.5.3. Channel Strategy

17. Assumptions & Acronyms Used

18. Research Methodology

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