Global Market for Industrial X-Ray Inspection Systems is Projected to Exceed US$652 Million by 2020

Technology Advancements Drives the Global Industrial X-Ray Inspection Systems Market, According to New Report by Global Industry Analysts, Inc.

GIA announces the release of a comprehensive global report on Industrial X-Ray Inspection Systems markets. Global market for Industrial X-Ray Inspection Systems is projected to exceed US$652 million by 2020, driven by tightening product quality standards, growing applications, technology advancements, and software upgrades.

Primarily known for their non-intrusive approach to screening, X-ray inspection systems are fast emerging as one of the most important tools in testing applications. With their ability to detect contaminants, defects and inconsistencies in products, X-ray systems are witnessing wide usage across various industries for quality control purposes. Growth in the market is being driven by increasing applications of X-ray systems from R&D to production line testing across various manufacturing sectors including food and pharmaceutical sectors. Software upgrades coupled with technical advancement in hardware, such as X-ray sources, detectors and tubes, improved the overall efficiency and ease-of-use of X-ray inspection systems thereby driving their adoption.

Technological advancement such as the integration of 2D and 3D capabilities in a single x-ray inspection system, enabling users to toggle between 2D and 3D mode with a keystroke, are expected to benefit market prospects in the near term. The next-generation systems are equipped with wider screening range, more tunnel sizes, increased portability, and high quality resolution. A major trend in the market is the ongoing shift toward digital systems from the conventional film-based x-ray inspection systems. Segment-wise, Computed Tomography is witnessing growing adoption driven by growing integration of more functional elements and 3D structures in these systems. Radiography, noted for its benefits and savings, is currently one of the most sought after industrial X-ray inspection systems.

As stated by the new market research report on Industrial X-Ray Inspection Systems, Asia-Pacific represents the largest and fastest growing market worldwide with a CAGR of 6.0% over the analysis period. Increased investment in infrastructure projects, growth in the electronics and manufacturing industry, government safety regulations, and increased investments in R&D represent primary growth drivers in the region.

Key players covered in the report include 3DX-RAY Ltd., Eriez Manufacturing Co., GE Measurement & Control, Mettler-Toledo International Inc., Nikon Metrology NV, Nordson DAGE, North Star Imaging Inc., Sartorius AG, VJ Technologies, Inc., Shimadzu Corporation, and YXLON International GmbH among others.

The research report titled “Industrial X-Ray Inspection Systems: A Global Strategic Business Report” announced by Global Industry Analysts, Inc., provides a comprehensive review of market trends, issues, drivers, company profiles, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections US$ for major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America), and Rest of World. Product segments analyzed in the report include Computed Tomography (CT), Radiography, and Film-based Systems.

###

Comments

Post a Comment

Popular posts from this blog

The Global Market for Surfing is Projected to Reach US$9.5 Billion by 2022

Rise of Surfing as a Lifestyle Sport Among all Age Groups Drives the Global Surfing Market, According to a New Report by Global Industry Analysts, Inc. GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Surfing market. The global market for Surfing is projected to reach US$9.5 billion by 2022 , driven by the growing interest in surfing both as a leisure and sporting activity, increased accessibility to surfing through surf parks and surf pools and technology innovations focused on developing sophisticated surf-wear and surf-gear.                               Surfing is a surface water sport where a participant riding a board (the surfboard) is carried away by a breaking wave. The surfing industry continues to evolve, driven by sustained efforts of surfing equipment makers, marketers and associations to make surfing much more accessible. Increased accessibility and affordability has drawn si
Read more

The Global Market for Private Tutoring Services is Forecast to Reach US$227 Billion by 2022

Intense Competition among Students and the Growing Need to Achieve Academic Excellence Drive the Global Private Tutoring Market, According to a New Report by Global Industry Analysts, Inc. GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Private Tutoring market. The global market for Private Tutoring Services is forecast to reach US$227 billion by 2022 , driven by the need to keep pace with classroom teaching, improve overall competency and enhance knowledge and skill level. Education is considered the social ladder to achieve success in personal and professional life. Higher education is associated with increased opportunities in the labor market, high remunerations, and improved social standing. People are therefore investing heavily in children’s education, including private tutoring or private supplementary tutoring which is emerging as a major phenomenon in the global education system
Read more
Image
The global market for Material Handling Equipment is projected to reach US$190.3 billion by 2025, driven by the strong emphasis shed on production and operational efficiency and worker safety. The concept of “last mile” is widely popularized in supply chain management and transportation planning for its ability to increase customer satisfaction and profitability. Automation, optimization and delivery route planning are therefore vital strategies adopted by companies to improve their last mile performance. Of equal importance are the “first mile” operations involving indoor material handling on the plant floor. Raw material being the primary and most importance element in manufacturing needs to move through multiple stages of production and final packaging in a smooth and seamless manner to prevent logistical bottlenecks in production. Timely handling of materials is important to ensure that right materials in right quantities are delivered to the right locations at the right ti
Read more