Industrial X-Ray Market Insights 2018-2024: Increasing with Comet Group, General Electric, Fujifilm Holdings Corporation, Nikon Corporation, Toshiba Corporation, Shimadzu Corporation

“Industrial X-Ray Market”
Global Industrial X-Ray Market is expected to reach USD 841.62 million by 2024 from USD 526.08 million in 2016, at a CAGR of 6.1% in the forecast period 2017 to 2024. The new market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

Global Industrial X-ray Market By Product Type (Instruments {By Automation [Manual X-ray Devices, Fully Automated X-ray Devices], By Technology [Microfocus, Minifocus, Nanofocus]}, Consumables { X-ray Detectors, X-ray Tubes, Others]), By Industry (Automotive, Aerospace, Semiconductors, Electronics, Li-Battery, Academia and R&D, Others), By Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa)

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Drivers:

The major factors driving the growth of this market are rising growth of automobile and aviation industries, technological advancements in industrial x-ray products, growing consumer awareness regarding enhanced quality of products, rising government funding is boosting the growth of the global industrial X-ray market.

RISING GROWTH OF AUTOMOBILE AND AVIATION INDUSTRIES

The automobile industry is one of the major growing sectors in the emerging countries. With increasing demand of vehicles, the need of industrial X-ray machines is increasing in automobile sector for during manufacturing of vehicles to detect flaws and provide high-quality product to the consumer.

For instance, according to EV lobby group Society of Manufacturers of Electric Vehicles, a slow growth is witnessed in the sales of electric vehicle. The number of electric vehicles sold in 2016 was 22,000 units from 16,000 units in 2015. The government plans to increase the number of electric and hybrid vehicles to reach 6.0 million by 2020 under the National Electric Mobility Mission Plan (NEMMP) 2020 and Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME).

These automobile industries and aviation industries have increased the examination or inspection in these industries. The industrial X-ray (DR) and computed tomography (CT) inspection systems are used for the quality assurance and development processes in the automotive industry. The automotive parts are examined against structural requirements and safety regulations using X-ray for assurance. The accuracy and precision helps in detecting flaws in the product thus enhancing the quality of the final product delivered. The rising demand of inspection in the automobile industry such as the parts of the automotive are checked, they increase the demand of the industrial X-ray devices, which eventually increases the demand of industrial X-ray market.

TECHNOLOGICAL ADVANCEMENTSIN INDUSTRIAL X-RAY PRODUCTS

Advancements in inspection and measurement technologies are focused on helping moldmakers produce the highest quality molds in the shortest timeframes

  • In November 2017, YXLON International launched the X-ray inspection systems series Cheetah EVO and Cougar EVO. So YXLON has custom-built systems for SMT, semiconductor, and laboratory applications perfected for the specific challenges and needs of the respective sectors.
  • In March 2016. YXLON launched the latest and advanced WI26 G wheel inspection system with ADR and the YXLON Panel 460 detector. The design for the WI26 G has been geared for speed, inspection decision and minimum maintenance requirements.
  • In July 2013, Shimadzu Corporation launched inspeXio SMX-225CT FPD Microfocus X-Ray CT System, which is advanced and latest product added to the best-selling range of Industrial X-Ray CT Systems. The product offers sharp, high-contrast, three-dimensional observation of the internal structure of lithium-ion batteries, die-cast aluminium parts, electrical and electronic components.

With technological advancements, the demand of innovative products is boosting the industrial X-ray market.

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GROWING CONSUMER AWARENESS REGARDING ENHANCED QUALITY OF PRODUCTS

X-ray inspection market has made growth in the field of nondestructive testing and other inspection fields such as food and beverages, cosmetics, packaging, and others. The latest technologies such as computers, sensors and communication fields which made x-ray inspection systems safe, easy-to-use and fast, limited its adoption for industrial applications. The factors have broadened the scope of x-ray inspection systems more than research & development applications and into the realm of in-line production testing. The technological improvements in hardware, such as sources, tubes, and detectors have all improved the user-friendliness and efficiency of x-ray inspection systems. The population is more concerned about the quality of the product, so they prefer inspection of various instruments such as parts of the automobiles, aerospace, and others. The rising demand for computed tomography (CT) based inspection systems from the product introductions by important contributors across the globe this has increased awareness among the customers.

The rising awareness among consumers about the safety and quality of products has grown the industrial X-ray detectors and devices for inspection. The production of these devices is rising and therefore, the industrial X-ray market.

RISING GOVERNMENT FUNDING

Manufacturers need inspection systems such as, x-ray inspection devices, in order to manufacture enhanced products without defects and protect their brands as a poor quality among the consumers. The quality of products requires examination at each and every step of the manufacturing, controlled and verified on the production line and incorporating x-ray inspection for the various applications of the devices in automotive and food industry. Government and other non-government bodies are supporting the companies in funding them and helping to provide better and quality products.

For instance, the Indian Government launched the Technology Acquisition and Development Fund (TADF) as predicted in the National Manufacturing Policy in 2015, for providing the funding specific for the acquisition and development of clean and green technologies. The fund will help and support, through subsidies, manufacturing of equipment/machines/devices for controlling pollution, reducing energy consumption and water conservation. The fund is now being managed by the Ministry Of Micro, Small and Medium Enterprises.

The rising government funds have supported the companies in manufacturing the equipment and inspection devices for industrial X-ray market growth.

Major Players:

Some of the major players operating in this market are Comet Group, General Electric, Fujifilm Holdings Corporation, Nikon Corporation, Toshiba Corporation, Shimadzu Corporation, Varex Imaging Corporation, Inc., Rigaku Corporation, DÜRR NDT GMBH & CO. KG, YXLON International, Teledyne Technologies Incorporated, Illinois Tool Works Inc. (North Star Imaging Inc.), ZEISS International, and DAGE among others.

General Electric:

Founded in 1892 and headquartered in Munich, Germany. GE healthcare provides transformational medical technologies and services. GE operates through seven business segments power, renewable energy, oil & gas, aviation, healthcare, transportation, and energy connections & lighting. The GE Company offers wide array of the non-destructive testing equipment through its inspection & non-destructive testing and aerospace non-destructive testing (NDT) and inspection solutions product categories.

GE has its presence across Europe, Asia-Pacific, Eastern Europe, Middle East and Africa, South America and, North America. Some of the subsidiaries include Dharmacon, Inc. (U.S.), GE Medical Systems Kretztechnik GMBH & CO OHG (Austria), Nihon Medi-Physics Co.,Ltd. (Japan), SerphyDose SARL (France), VersaMed Medical Systems, LLC (U.S.), Amersham (UK), Biacore International AB (Sweden), API Health care (U.S.), GE Healthcare Funding Ireland (Ireland).

North Star Imaging Inc. (ITW):

Founded in 1847 and headquartered in Munich, Germany. Siemens is a technology company involved in the field of automation, electrification and digitalization. Siemens comprises Siemens AG, a stock corporation under the federal laws of the company and its subsidiaries. The company’s operations span across Europe, C.I.S., Africa, Middle East, Americas, Asia and Australia.

Siemens operates through eight business segments: power and gas, wind power and renewables, energy management, building technologies, mobility, digital factory and process industries and drives and healthineers.

Healthineers which is previously named as “Healthcare” is one of the world’s largest suppliers of technology to the healthcare industry and a leader in medical imaging and laboratory diagnostics. Healthineers provide medical technology and software solutions as well as clinical consulting services, supported by a complete set of training and service offerings. Therefore, we offer our customers a comprehensive portfolio of medical solutions along the continuum of care – from prevention and early detection to diagnosis, treatment and follow-up care.

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Table of Contents:

1. INTRODUCTION

2. MARKET SEGMENTATION

3. MARKET OVERVIEW

4. EXECUTIVE SUMMARY

5. PREMIUM INSIGHTS

6. GLOBAL INDUSTRIAL X-RAY MARKET, BY PRODUCT TYPE

7. GLOBAL INDUSTRIAL X-RAY MARKET, BY INDUSTRY

8. GLOBAL INDUSTRIAL X-RAY MARKET, BY GEOGRAPHY

9. GLOBAL INDUSTRIAL X-RAY MARKET, COMPANY LANDSCAPE

10. COMPANY PROFILES

10.1. FUJIFILM HOLDINGS CORPORATION

10.2. RIGAKU CORPORATION

10.3. DÜRR NDT GMBH & CO. KG

10.4. GENERAL ELECTRIC

10.5. TOSHIBA CORPORATION

10.6. SHIMADZU CORPORATION

10.7. COMET GROUP

10.8. VAREX IMAGING CORPORATION

10.9. NIKON CORPORATION

10.10. YXLON INTERNATIONAL

10.11. TELEDYNE DALSA INC.

10.12. NORTH STAR IMAGING INC. (A SUBSIDIARY OF ILLINOIS TOOL WORKS INC.)

10.13. ZEISS INTERNATIONAL

10.14. DAGE

11. RELATED REPORTS

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