Dublin, April 11, 2023 (GLOBE NEWSWIRE) -- The "Industrial Computed Radiography Market - A Global and Regional Analysis: Focus on Application, Components, and Country - Analysis and Forecast, 2023-2033" report has been added to ResearchAndMarkets.com's offering.
The global industrial computed radiography market is estimated to reach $68.8 million in 2033 from $59.1 million in 2022, at a growth rate of 1.49% during the forecast period 2023-2033.
The growth in the industrial computed radiography system market is expected to be driven by the evolution of Industry 4.0 practices and an increase in the need for portable radiography systems.
Market Lifecycle Stage
Conventionally, the industrial non-destructive radiography inspection methods are carried out using the conventional X-Ray machine that uses film to capture images of the defects, and the technicians identify the defects from the film manually. This method consumed huge time to capture the image and required skilled laborers to operate the equipment and identify images. In addition, it requires a huge storage facility to store the films. So, the radiography solution manufacturers developed an upgraded version of conventional X-Ray solutions known as industrial computed radiography.
The industrial computed radiography solutions help the technician to capture the image using an imaging plate and convert the image into a digital format using a computed radiography (CR) reader. This reduced the time of capturing the image and helped to visualize the defects digitally using the review station and acquisition software. Furthermore, it helps to save the image of the defects digitally, which requires the cost spent on storage facilities and can be shared with clients easily.
One of the major factors attributing to the demand of industrial computed radiography solution is the rising demand from the commercial aviation industry, which is driven by the order backlog for next-generation commercial aircraft that is expected to be built.
Impact
The global industrial computed radiography market is observing steady growth, which is expected to drive investments and partnerships across computed radiography technology. The major challenge in the industrial computed radiography market is there is lack of skilled laborers to conduct non-destructive testing using computed radiography systems. In addition, the growth of the digital radiography system increases the demand for real-time image visualization and automatic defect identification technology.
This leads the developer to move toward the digital radiography system, which affects the growth of industrial computed radiography systems in the market. In addition, the oil and gas and aerospace industries are looking for a more compact and portable radiography system that offers real-time image visualization even offshore to rectify the defect quickly and efficiently. Therefore, non-destructive testing service providers and industrial computed radiography system manufacturers are gradually moving toward digital radiography systems from computed radiography systems.
Market Segmentation
Segmentation 1: by Application
- Aerospace and Defense
- Automotive
- Oil and Gas
- Power and Energy
- Security
- Explosive Ordnance Disposal and Improvised Explosive Device
- Electronics and Semiconductors
- Food and Drugs
- Transportation Infrastructure
- Construction
- Marine
- Manufacturing
- Heavy Industries
- Others
Among all these applications, aerospace and defense and oil and gas are expected to dominate the market.
Segmentation 2: by Component
- Imaging Plates
- Computed Radiography Reader (Digitizer)
- Review Station with Acquisition Software
Based on components, imaging plates are expected to dominate in terms of volume as they are the major consumable in the industrial computed radiography market and are usually replaced after certain intervals.
Segmentation 3: by Region
- North America - U.S. and Canada
- Europe - France, Germany, Russia, U.K, and Rest-of-Europe
- Asia-Pacific - China, Japan, India, and Rest-of-Asia-Pacific
- Rest-of-the-World - Middle and Africa and Latin America
Based on region, the industrial computed radiography market is expected to be dominated by Europe, and in terms of country, the U.S. is expected to dominate during the forecast period.
Demand - Drivers and Limitations
The following are the drivers for the global industrial computed radiography market:
- Emerging Demand from the Aerospace and Defense Industry
- Rising Demand for Computed Radiography Due to the Evolution of Industry 4.0 Practices
- Rising Demand for Portable Computed Radiography
The following are the challenges for the global industrial computed radiography market:
- Lack of Skilled Labors
- Increasing Demand for Real-Time Image Visualization
The following are the opportunities for the global industrial computed radiography market:
- Persisting Need for CR Capabilities in Oil and Gas Domain
- Opportunities in the Aviation/MRO Domain
- Opportunities in Providing NDT Certification to Technician
Key Companies Profiled
- Carestream Health
- DURR NDT GmbH & Co. KG
- FUJIFILM Holdings America Corporation
- L3Harris Technologies, Inc.
- MQS Technologies Pvt. Ltd.
- Rigaku Corporation
- Virtual Media Integration
- Waygate Technologies (Baker Hughes Company)
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 221 |
| Forecast Period | 2023 - 2033 |
| Estimated Market Value (USD) in 2023 | $59.4 Million |
| Forecasted Market Value (USD) by 2033 | $68.8 Million |
| Compound Annual Growth Rate | 1.5% |
| Regions Covered | Global |
Key Topics Covered:
1 Markets
1.1 Industry Outlook
1.1.1 Industrial Computed Radiography Market: Overview
1.1.2 Computed Radiography Services within the Non-Destructive Testing Landscape
1.1.3 Evolving Technological Trends and Disruptions in Computed Radiography Services
1.1.3.1 Artificial Neural Networks for Defect Detection
1.1.3.2 Battery-Operated Flat Panel Detectors
1.1.3.3 Mobile Computed Tomography
1.1.3.4 Computed Laminography
1.1.4 Comparison of Computed Radiography (CR) vs. Digital Radiography (DR) vs. Computed Tomography (CT)
1.1.5 Evolving End-User Requirements for Industrial Computed Radiography Market
1.2 Business Dynamics
1.2.1 Business Drivers
1.2.1.1 Emerging Demand from the Aerospace and Defense Industry
1.2.1.2 Rising Demand for Computed Radiography Due to the Evolution of Industry 4.0 Practices
1.2.1.2.1 Case Study: Advantages of Using CR Technology Observed by Emerson Electric Co.
1.2.1.3 Rising Demand for Portable Computed Radiography
1.2.2 Business Challenges
1.2.2.1 Lack of Skilled Labors
1.2.2.2 Increasing Demand for Real-Time Image Visualization
1.2.3 Business Strategies
1.2.3.1 Business Strategies
1.2.3.1.1 New Product Launch and Business Expansion
1.2.3.2 Corporate Strategies
1.2.4 Business Opportunities
1.2.4.1 Persisting Need for CR Capabilities in Oil and Gas Domain
1.2.4.2 Opportunities in the Aviation/MRO Domain
1.2.4.3 Opportunities in Providing NDT Certification to Technician
2 Service
3 Products
4 Region
5 Markets - Competitive Benchmarking & Company Profiles
6 Growth Opportunities and Recommendation
6.1 Growth Opportunities
6.1.1 Growth Opportunity: Increasing Need for Digital Storage and Sharing of Data
6.1.1.1 Recommendations
6.1.2 Growth Opportunity: Increasing Need for In-House Testing
6.1.2.1 Recommendations
7 Research Methodology
Companies Mentioned
- Carestream Health
- DURR NDT GmbH & Co. KG
- FUJIFILM Holdings America Corporation
- L3Harris Technologies, Inc.
- MQS Technologies Pvt. Ltd.
- Rigaku Corporation
- Virtual Media Integration
- Waygate Technologies (Baker Hughes Company)
For more information about this report visit https://www.researchandmarkets.com/r/b545vf
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