X-ray Inspection System Market Technology Trend, Applications, Growth and Status 2018–2023

1. X-ray Inspection System Market Technology Trend, Applications, Growth and Status 2018–2023 “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 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. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=247723581

2. The X-ray inspection system market in Asia Pacific (APAC) is expected to grow at the highest CAGR during the forecast period. This growth can be attributed to the continuous demand for cost-effective and fast- processing X-ray inspection systems from the oil and gas, and power generation verticals The risk of radiation exposure and high system cost act as a restraint for the overall X-ray inspection system market. Though the X-ray inspection systems provide an assured return on investment for the durability of complex machinery, the deployment cost of these systems is currently beyond limits for some of the industry minors. The end users see it as a burden on the company investments and thus prefer third-party inspection services. 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). Request Sample Copy of this Market Research @ https://www.marketsandmarkets.com/requestCustomization.asp?id=247723581 Objectives of Study: To define, describe, and forecast the global X-ray inspection system market, in terms of value, on the basis of technique, dimension, vertical, and geography To forecast the market size, in terms of value, for the concerned segments with regard to four main regions, namely, Americas, Europe, Asia Pacific (APAC), and Rest of the World (RoW) To strategically analyze the micromarkets with regard to the individual growth trends, prospects, and contribution to the X-ray inspection system market To provide detailed information regarding the major factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the growth of the X-ray inspection system market To analyze opportunities in the market for stakeholders and the details of the competitive landscape for the market leaders To provide a detailed overview of the X-ray inspection system value chain To benchmark players within the market using proprietary “Competitive Leadership Mapping” framework, which analyzes market players on various parameters within the broad categories of business and product strategy To analyze competitive developments such as partnerships, acquisitions, expansions, agreements, collaborations, contracts, and product launches, along with research and development (R&D) in the X-ray inspection system market To strategically profile key players of the X-ray inspection system market and comprehensively analyze their market shares and core competencies

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