CHICAGO, Oct. 24, 2023 /PRNewswire/ — The global X-ray inspection system market is expected to be valued at USD 0.8 billion in 2023 and is projected to reach USD 1.1 billion by 2028; it is expected to grow at a CAGR of 6.2% from 2023 to 2028 according to a new report by MarketsandMarkets™. The growth of the X-ray inspection system market is propelled by rising focus on safety and quality of products in emerging economies, and rising level of automation in manufacturing. However, concerns for radiation exposure are restraining the growth of the market.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=247723581
Browse in-depth TOC on “X-ray Inspection System Market” 150 – Tables50 – Figures210 – Pages
X-ray Inspection System Market Report Scope:
Report Coverage
Details
Market Revenue in 2023
$ 0.8 billion
Estimated Value by 2028
$ 1.1 billion
Growth Rate
Poised to grow at a CAGR of 6.2%
Market Size Available for
2019–2028
Forecast Period
2023–2028
Forecast Units
Value (USD Million/Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
By Technology, Dimension, Vertical and Region
Geographies Covered
North America, Europe, Asia Pacific, and Rest of World
Key Market Challenge
Complexity in integration of X-ray inspection system with existing production lines
Key Market Opportunities
Rising level of automation in the field of manufacturing creates opportunity for X-ray inspection system manufacturers
Key Market Drivers
Increasing awareness among the consumers for quality of the products driving the market
2D segment is expected to hold the largest share during the forecast period.
The 2D segment in X-ray inspection systems are expected to dominate owing to versatility and the X-ray inspection system is well-suited for numerous applications in diverse industries, including electronics, automotive, aerospace, and food production. Their ability to inspect a wide range of products and components makes them highly adaptable.
Oil and gas Segment is projected to witness growth at the highest CAGR during the forecast period.
The Manufacturing sector is expected to experience substantial growth during the forecasted period, primarily due to the escalating investments. Governments and businesses on a global scale are increasingly acknowledging the pivotal role of manufacturing in fostering economic development. This recognition has led to a surge in investments aimed at enhancing manufacturing facilities and technologies. Moreover, many manufacturing industries are expanding in response to the rising domestic and international demand.
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North America to dominate X-ray inspection system market during the forecast period.
North America is expected to dominate in the X-ray inspection system market during the forecast period. Numerous prominent manufacturers and suppliers of X-ray inspection systems operate in the region. Their presence has stimulated fierce competition and innovation, which in turn accelerates the expansion of the market. Furthermore, the increasing adoption of X-ray inspection systems in manufacturing and quality control procedures is a significant driver of this growth.
The X-ray inspection system market includes significant Tier I and II players like Mettler Toledo (US), Nordson Corporation (US), Comet Group (Switzerland), Anritsu (Japan), Viscom AG (Germany), North Star Imaging Inc. (US), Nikon Corporation (Japan), Ishida Co. Ltd. (Japan), Omron Corporation (Japan), and Toshiba IT & Control Systems Corporation (Japan), are some of the key players in the X-ray inspection system market.
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Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting
Related Reports:
Surface Mount Technology (SMT) Market by Equipment (Placement, Inspection, Soldering, Screen Printing Equipment, Cleaning Equipment, Repair & Rework Equipment), Component, Service, End User and Geography – Global Forecast to 2028
NDT and Inspection Market by Technique (Visual Testing, Magnetic Particle, Liquid Penetrant, Eddy-Current, Ultrasonic, Radiographic, Terahertz Imaging, Acoustic Emission), Method, Service, Application, Vertical and Region-Global Forecast, 2028
Industrial Radiography Market by Imaging Technique (Film-based Radiography, Digital Radiography), End User (Petrochemicals & Gas, Power Generation, Manufacturing, Aerospace, and Automotive & Transportation), and Geography – Global Forecast to 2025
Acoustic Microscopy Market by Offering (Microscopes, Accessories & Software, Services), Application (Non-Destructive Testing, Quality Control, Failure Analysis), Industry (Semiconductor, Life Science), and Geography – Global Forecast to 2023
Automated Optical Inspection Market by Type (2D AOI, 3D AOI), Technology (Inline AOI, Offline AOI), Industry, Application (Fabrication Phase, Assembly Phase), Elements of AOI, and Region (2020-2026)
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact: Mr. Aashish MehraMarketsandMarkets™ INC. 630 Dundee RoadSuite 430Northbrook, IL 60062USA: +1-888-600-6441Email: sales@marketsandmarkets.comVisit Our Web Site: https://www.marketsandmarkets.com/Research Insight: https://www.marketsandmarkets.com/ResearchInsight/x-ray-inspection-system-market.aspContent Source: https://www.marketsandmarkets.com/PressReleases/x-ray-inspection-system.asp
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CHICAGO, Oct. 24, 2023 /PRNewswire/ — The global X-ray inspection system market is expected to be valued at USD 0.8 billion in 2023 and is projected to reach USD 1.1 billion by 2028; it is expected to grow at a CAGR of 6.2% from 2023 to 2028 according to a new report by MarketsandMarkets™. The growth of the X-ray inspection system market is propelled by rising focus on safety and quality of products in emerging economies, and rising level of automation in manufacturing. However, concerns for radiation exposure are restraining the growth of the market.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=247723581
Browse in-depth TOC on “X-ray Inspection System Market”
150 – Tables
50 – Figures
210 – Pages
X-ray Inspection System Market Report Scope:
Report Coverage
Details
Market Revenue in 2023
$ 0.8 billion
Estimated Value by 2028
$ 1.1 billion
Growth Rate
Poised to grow at a CAGR of 6.2%
Market Size Available for
2019–2028
Forecast Period
2023–2028
Forecast Units
Value (USD Million/Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
By Technology, Dimension, Vertical and Region
Geographies Covered
North America, Europe, Asia Pacific, and Rest of World
Key Market Challenge
Complexity in integration of X-ray inspection system with existing production lines
Key Market Opportunities
Rising level of automation in the field of manufacturing creates opportunity for X-ray inspection system manufacturers
Key Market Drivers
Increasing awareness among the consumers for quality of the products driving the market
2D segment is expected to hold the largest share during the forecast period.
The 2D segment in X-ray inspection systems are expected to dominate owing to versatility and the X-ray inspection system is well-suited for numerous applications in diverse industries, including electronics, automotive, aerospace, and food production. Their ability to inspect a wide range of products and components makes them highly adaptable.
Oil and gas Segment is projected to witness growth at the highest CAGR during the forecast period.
The Manufacturing sector is expected to experience substantial growth during the forecasted period, primarily due to the escalating investments. Governments and businesses on a global scale are increasingly acknowledging the pivotal role of manufacturing in fostering economic development. This recognition has led to a surge in investments aimed at enhancing manufacturing facilities and technologies. Moreover, many manufacturing industries are expanding in response to the rising domestic and international demand.
Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=247723581
North America to dominate X-ray inspection system market during the forecast period.
North America is expected to dominate in the X-ray inspection system market during the forecast period. Numerous prominent manufacturers and suppliers of X-ray inspection systems operate in the region. Their presence has stimulated fierce competition and innovation, which in turn accelerates the expansion of the market. Furthermore, the increasing adoption of X-ray inspection systems in manufacturing and quality control procedures is a significant driver of this growth.
The X-ray inspection system market includes significant Tier I and II players like Mettler Toledo (US), Nordson Corporation (US), Comet Group (Switzerland), Anritsu (Japan), Viscom AG (Germany), North Star Imaging Inc. (US), Nikon Corporation (Japan), Ishida Co. Ltd. (Japan), Omron Corporation (Japan), and Toshiba IT & Control Systems Corporation (Japan), are some of the key players in the X-ray inspection system market.
Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=247723581
Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting
Related Reports:
Surface Mount Technology (SMT) Market by Equipment (Placement, Inspection, Soldering, Screen Printing Equipment, Cleaning Equipment, Repair & Rework Equipment), Component, Service, End User and Geography – Global Forecast to 2028
NDT and Inspection Market by Technique (Visual Testing, Magnetic Particle, Liquid Penetrant, Eddy-Current, Ultrasonic, Radiographic, Terahertz Imaging, Acoustic Emission), Method, Service, Application, Vertical and Region-Global Forecast, 2028
Industrial Radiography Market by Imaging Technique (Film-based Radiography, Digital Radiography), End User (Petrochemicals & Gas, Power Generation, Manufacturing, Aerospace, and Automotive & Transportation), and Geography – Global Forecast to 2025
Acoustic Microscopy Market by Offering (Microscopes, Accessories & Software, Services), Application (Non-Destructive Testing, Quality Control, Failure Analysis), Industry (Semiconductor, Life Science), and Geography – Global Forecast to 2023
Automated Optical Inspection Market by Type (2D AOI, 3D AOI), Technology (Inline AOI, Offline AOI), Industry, Application (Fabrication Phase, Assembly Phase), Elements of AOI, and Region (2020-2026)
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Web Site: https://www.marketsandmarkets.com/
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/x-ray-inspection-system-market.asp
Content Source: https://www.marketsandmarkets.com/PressReleases/x-ray-inspection-system.asp
Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/x-ray-inspection-system-market-worth-1-1-billion-by-2028—exclusive-report-by-marketsandmarkets-301964290.html
