The X-ray inspection system market is expected to be valued at USD 860.5 Million
by 2023, at a CAGR of 6.51% between 2017 and 2023. Growing consumer awareness
raising the bar of safety and quality standards acts as a driver for the growth
of the X-ray inspection system market. Moreover, stringent government
regulations due to security concerns, and demand from both developed and
developing economies also drive the growth of this market.
This report segments the X-ray
inspection system market on the basis of technique, dimension, vertical, and
geography. Digital imaging held a larger share of the X-ray inspection system
market based on technique in 2016. The increased use of systems based on
digital imaging technique for detection of damages such as cracks, reduction in
time of image processing, and 3D visualization ability contribute to a high
growth of the market for this segment.
3D X-ray inspection system market is
expected to grow at a higher CAGR during the forecast period. The growth of
this market can be attributed to the use of 3D X-ray inspection systems in a
wide range of industries, from semiconductors to automotive manufacturing, and
their vital role in quality control. These systems also allow manufacturers to
diagnose issues such as metal bridging, foreign materials, and construction
defects in 3D planes.
The oil and gas vertical held the
largest share of the X-ray inspection system market in 2016. X-ray inspection
systems are widely used in both the downstream as well as upstream segments of
the oil and gas wells. X-ray inspection systems are highly efficient in
delivering solutions for the pressure vessels, pipes, boilers, and valves
inspections, which, in turn, is driving the growth of this market.
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The key players in the X-ray inspection
system market include North Star Imaging, Inc. (US), Nikon Metrology NV
(Belgium), Nordson DAGE (UK), YXLON International GmbH (Germany), VJ Group,
Inc. (US), 3DX-RAY Ltd. (UK), VisiConsult X-ray Systems & Solutions GmbH
(Germany), Smiths Detection, Inc. (UK), Mettler-Toledo International Inc.
(Switzerland), and General Electric Co. (US).
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