Global X-Ray Inspection Systems Market is segmented By Modality (Radiography, Fluoroscopy, Mammography), By Product (Packaged Products, Non-packaged Products, Pumped, Others), By Scanning Technology (HD, Ultra-HD, Others), By Imaging Technology (Digital, Film-based), By End-User (Food & Beverage, Semiconductor, Oil & Gas, Aerospace, Automotive, Pharmaceuticals, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024 - 2031
Market Size
Global X-Ray Inspection Systems Market reached USD 765.3 million in 2022 and is expected to reach USD 1001.5 million by 2031, growing with a CAGR of 6.7% during the forecast period 2024-2031. The growing number of semiconductor fabrication factories will increase demand for X-ray inspection equipment.
During the forecast period 2024-2031, Asia-Pacific is expected to grow significantly, accounting for around 1/4th of the global x-ray inspection systems market. Continuous technical improvements, increased product development, improved funding and government initiatives, particularly in developing nations like India and China, are also expected to to contribute to market expansion. For example, in June 2021, the Indian government released X-Ray Setu, a free Artificial Intelligence (AI)-based platform to help clinicians with early COVID treatments.
Market Scope
|
Metrics |
Details |
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CAGR |
6.7% |
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Size Available for Years |
2021-2030 |
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Forecast Period |
2024-2031 |
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Data Availability |
Value (US$) |
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Segments Covered |
Modality, Product, Scanning Technology, Imaging Technology, End-User, and Region |
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Regions Covered |
North America, Europe, Asia-Pacific, South America and Middle East & Africa |
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Fastest Growing Region |
Asia-Pacific |
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Largest Region |
North America |
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Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis and Other key Insights. |
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Market Dynamics
The Rising Adoption in Healthcare Sector
Medical imaging has changed dramatically in recent years as a result of digital radiology systems. Diagnostic accuracy is important to the healthcare companies and digital X-ray imaging contributes significantly to the advancement. The x-ray system is a significant source of revenue in outpatient settings and the number of patients attending hospitals with various chronic diseases is increasing.
Furthermore, the use of AI in the systems has aided market growth. For example, in August 2021, GE Healthcare formed a partnership with Amazon Web Services (AWS) to provide hospitals and healthcare providers with AI and cloud-based imaging solutions. Furthermore, significant market participants are developing advanced modalities like multimodal/hybrid imaging systems.
The Increasing Application in Food and Beverage Sector
The increasing acceptance and demand for X-ray inspection systems in food production industries is predicted to be a major factor in the global market's growth. X-ray Inspection Systems for Food & Beverage sector are designed to provide better safety for brand or product protection in the food industry in order to preserve quality and ensure customer protection.
The X-ray inspection system offers the best mix of dependability, contaminant detection for stone, metal, high density polymers and glass and low total cost of ownership to food makers. Furthermore, x-ray inspection systems use technologies that can assist users in screening for contaminants in packaging or even in the production of agricultural hybrids by examining roots, seed structures and other factors. Rising applications in the food and beverage industry tend to drive the market growth in the forecast period.
High Installation Costs and Threat of Radiation Exposure
End-use applications for X-ray Inspection systems extend from consumer goods to various aerospace and military applications. The operation of a high-efficiency X-ray Inspection system is done by the use of a vacuum tube, various control units, an x-ray generator and various other components. The components raise the overall cost of these systems, which is expected to create significant obstacles in their acceptance in the global market.
Furthermore, with the increasing use of X-ray inspection systems for various end-use applications, the risk of radiation exposure, which can harm experts, is limiting its global market expansion. Concerns have been raised that X-ray inspection systems may expose operators to dangerous levels of radiation.
Market Segment Analysis
The global x-ray inspection systems market is segmented based on modality, product, scanning technology, imaging technology, end-user and region.
The Rising Technological Advancements in Radiography
During the forecast period, raiography is expected to hold more than 1/3rd of the global x-ray inspection systems market. Radiography is an imaging technique that uses X-rays, gamma rays or other ionizing and non-ionizing radiation to observe an object's internal form. The segment is likely to maintain its dominance during the forecast period.
Radiography is the first diagnostic imaging step that doctors prescribe for the vast majority of patients on their route to a conclusive diagnosis, as the system is more versatile and less expensive and time-consuming than other solutions. Furthermore, technological advances are expected to drive market expansion. For example, In June 2020, Siemens Healthineers launched Ysio X.pree1, an X-ray system with integrated AI, to aid automate x-ray image acquisition and interpretation.
Market Geographical Share
The Increasing Oil & Gas Production in North America
North America x-ray inspection systems market is expected to hold more than 1/3rd of the global market share in 2022. The presence of various high-profile infrastructure facilities in this region is likely to drive up demand for x-ray inspection systems over the forecast period. For example, in North America, oil and gas production output in both Canada and U.S. has increased dramatically in recent years.
Indeed, the International Energy Agency (IEA) predicts that U.S. alone will add around 3.7 million barrels of crude oil per day (mb/d) between now and 2023. The factors have resulted in a major increase in the demand for X-ray Inspection systems, driving its market expansion in North America.
Market Companies
The major global players include North Star Imaging Inc., Nikon Metrology NV, Nordson DAGE, YXLON International GmbH, VJ Group Inc., 3DX-RAY Ltd., VisiConsult X-ray Systems And Solutions GmbH, Smiths Detection Inc., Mettler-Toledo International Inc. and General Electric Co.
COVID-19 Impact Analysis
Owing to the shutdown of global logistics and transportation, as well as the system's lack of testing, COVID-19 had an adverse effect on the global x-ray inspection systems market. The COVID-19 epidemic has had a severe impact on the global x-ray inspection systems industry. Automation, on the other hand, has been a major emphasis for several industries, including automotive, electronics and aerospace, because it provides numerous benefits such as enhanced productivity, improved quality control and lower labor costs.
By offering testing of products and components throughout the manufacturing process, X-ray inspection systems play an important role in automation. As the demand for automation grows, so does the demand for X-ray testing devices around the world. Responding to this, industry participants in the global x-ray inspection systems market are increasing their inspection system product range.
Russia- Ukraine War Impact
Russia-Ukraine conflict is a major geopolitical event with far-reaching effects, including potential implications for the global x-ray inspection systems industry. Ukraine and Russia are key players in the production and export of a wide range of goods, including technology components. The conflict disrupts supply chains, resulting in shortages of crucial components used in x-ray inspection systems, creating manufacturing delays and reducing system availability.
Geopolitical disputes often cause havoc on global economies, especially the technology sector. Investors may become more cautious, resulting in lower investments in technology companies, particularly those producing x-ray inspection devices. As a result, market growth becomes slow or can entirely stop.
By Modality
- Radiography
- Fluoroscopy
- Mammography
By Product
- Packaged Products
- Non-packaged Products
- Pumped
- Others
By Scanning Technology
- HD
- Ultra-HD
- Others
By Imaging Technology
- Digital
- Film-based
By End-User
- Food & Beverage
- Semiconductor
- Oil & Gas
- Aerospace
- Automotive
- Pharmaceuticals
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Russia
- Rest of Europe
- South America
- Brazil
- Argentina
- Rest of South America
- Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
- Middle East and Africa
Key Developments
- In September 2023, Mettler Toledo, a multinational producer of scales and analytical instruments, confirmed its partnership with Relevant Industrial, LLC on its official website. Under the partnership, the company is creating a variety of products, including inspection systems, precision instruments and offerings, for a wide range of applications in research and development, quality control, manufacturing, logistics and retail to customers all over the world. It has strengthened the company's position in the global market for X-Ray inspection systems.
- In August 2022, The Daily Herald newspaper named Anritsu organization, a Japanese multinational organization in the telecoms electronics equipment industry, one of the "Best Places to Work in Illinois" for 2022. The corporation won this honor and used it to promote its company culture and product portfolio throughout U.S. It has allowed the company to increase its product sales in the global x-ray inspection systems market, allowing it to generate revenue.
- In Feburary 2021, Mettler Toledo, a worldwide scale and analytical instrument maker, has created the X38 Pipeline X-ray system. At a reasonable price, the technology gives pumped food products with in-line inspection. The X38 system can detect glass, metal, calcified bone, high-density plastic rubber pollutants and mineral stones.
Why Purchase the Report?
- To visualize the global x-ray inspection systems market segmentation based on modality product, scanning technology, imaging technology, end-user and region, as well as understand key commercial assets and players.
- Identify commercial opportunities by analyzing trends and co-development.
- Excel data sheet with numerous data points of x-ray inspection systems market-level with all segments.
- PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
- Product mapping available as Excel consisting of key products of all the major players.
The global x-ray inspection systems market report would provide approximately 77 tables, 81 figures and 206 pages.
Target Audience 2024
- Manufacturers/ Buyers
- Industry Investors/Investment Bankers
- Research Professionals
- Emerging Companies
