Global industrial X-ray testing machines market is expected to grow at a significant CAGR in the upcoming period as the scope and its applications are rising enormously across the globe. Industrial X-ray testing machines is a procedure of non-destructive testing that examines several manufactured components to verify the integrity and internal structure of the specimen.
The factors that are playing a major role in the growth of the market are a technological enhancement in the testing machines, the growing demand from end-users due to security purpose, and the high demand for automated X-ray testing machines in aviation, pharmaceutical, automobile, and other industries. However, the high cost of machines may restrain overall market growth in the years to come. Industrial X-ray testing machines market is segmented based on product type, technology, application, and region.
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Soft X-ray machine and hard X-ray machine are the product types that could be explored in industrial X-ray testing machines market in the forecast period. Based on technology, computed tomography and direct digital radiography could classify industrial X-ray testing machines in the forecast period. Direct digital sector accounted for the substantial market share of industrial X-ray testing machines and is estimated to lead the overall market in the years to come.
The market may be categorized based on applications like non-intrusive cargo scanning, oil and gas, airport security, manufacturing, food and pharmaceutical, automotive, and others that could be explored in the forecast period. Airport security and non-intrusive cargo scanning accounted for the substantial market share of industrial X-ray testing machines and is estimated to lead the overall market in the years to come.
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Globally, Asia Pacific accounted for the substantial market share of industrial X-ray testing machines and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be the developing power generation sector and aviation industries, the rising customer awareness regarding the advanced quality of products, and technological enhancement in industrial X-ray products. In addition, the increasing government initiative by funding the industrial sector may boost the overall market in the years to come. The developing countries like India and China are the major consumers of industrial X-ray testing machines in this region.
The key players of industrial X-ray testing machines market are PERLONG, SMEW, MEDEX, HU.Q, Angell, GE, YIJU, Mindray, and Future-Med. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.
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