Global X-Ray Detector in Industrial Sector Market to Grow with a CAGR of 4.95% During 2021-2030; Market to Grow on Account of Increasing Advancements in Digital Imaging Technology
Kenneth Research published a report titled “X-Ray Detector in Industrial Sector Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of the global X-ray detector in industrial sector market in terms of market segmentation by technology, portability, end-use application, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global X-ray detector in industrial sector market is anticipated to grow with a CAGR of 4.95% over the forecast period, i.e., 2021 – 2030. The market is segmented by technology into flat-panel detectors, computed radiography (CR) detectors, line scan detectors, and charge-coupled device detectors, out of which, the flat-panel detectors segment is anticipated to garner the largest revenue of USD 165.16 Million by the end of 2030. Moreover, in the year 2020, the segment generated a revenue of USD 103.47 Million.
The global X-ray detector in industrial sector market is estimated to garner a revenue of USD 336.74 Million by the end of 2030, up from a revenue of USD 209.53 Million in the year 2020. Surge in advancements in digital imaging technology, followed by the transitional shift of industries from Industry 4.0 to Industry 5.0 are some of the major factors anticipated to drive the growth of the market in the coming years.
Geographically, the global X-ray detector in industrial sector market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa. Out of these, the market in North America is anticipated to garner the largest revenue of USD 112.51 Million by the end of 2030. Moreover, in the year 2020, the market in the region generated a revenue of USD 68.77 Million.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Growing Production of Automobiles Worldwide to Drive the Demand for X-Ray Detectors
In one of the statistics by the International Organization of Motor Vehicle Manufacturers (OICA), the production of vehicles around the globe increased from 58374162 units in the year 2000 to 91786861 units in the year 2019.
The process of vehicle manufacturing requires to undergo various quality control parameters before it is finally place in showrooms to reach their customers. To find out any flaw during the production process of vehicles, automobile manufacturers are increasingly deploying X-ray detectors in their production line. Backed by the surge in the production of vehicles worldwide, the need for these detectors is anticipated to increase, and in turn, drive the market growth in the coming years.
However, the high cost of equipment is expected to operate as key restraint to the growth of global X-ray detector in industrial sector market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global X-ray detector in industrial sector market which includes company profiling of Varex Imaging Corporation, Thales Group, Teledyne Digital Imaging Inc., Canon Inc., Hamamatsu Photonics K.K., FUJIFILM Holdings Corporation, Carestream Health, DRTECH Co., Ltd., Vieworks Co., Ltd., Konica Minolta, Inc., iRay Technology, CareRay Medical Technologies, PROTEC GmbH & Co. KG, Waygate Technologies (Baker Hughes Company), and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global X-ray detector in industrial sector market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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