X-Ray Detector in Industrial Sector Market Segmentation by Technology {Flat-Panel Detectors, Computer Radiography (CR) Detectors, Line Scan Detectors, and Charge-Coupled Device Detectors}; by Portability (Fixed, and Portable Detectors); and by End-Use Application (Aerospace & Defense, Automotive, Electronics & Semiconductors, Heavy Industries & Manufacturing, Construction, Oil & Gas, and Others)-Global Demand Analysis & Opportunity Outlook 2020-2030

Global X-Ray Detector in Industrial Sector Market Highlights Over 2020 - 2030

The global X-ray detector in the industrial sector market is estimated to garner a revenue of USD 336.74 Million by the end of 2030 by growing at a CAGR of 4.95% over the forecast period, i.e., 2021 – 2030. Moreover, in the year 2020, the market registered a revenue of USD 209.53 Million. The growth of the market can be attributed to the growing need for quality control across different end-use industries, especially in automotive, aerospace, power, marine, and oil & gas among others. Industrial X-ray detectors are also used for applications such as non-destructive testing (NDT) in evaluation, troubleshooting, quality control, and research. Industries around the globe are nowadays focusing on improving their product quality and hence are adopting various devices that help them to increase their controlling power on the quality of the product. Moreover, increasing advancements in digital imaging technologies, along with the growing shift towards Industry 5.0 standards from Industry 4.0, are also expected to boost the market growth in the coming years.

X-ray detectors are also widely being used in the automotive industry as these devices help in detecting any error during the production process of the vehicle. Backed by the surge in the production of vehicles around the globe, the demand for these detectors is expected to increase, which in turn is projected to boost the market growth during the forecast period. According to 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.

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Global X-Ray Detector in Industrial Sector Market Regional Synopsis

Regionally, the global X-ray detector in the industrial sector market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. The market in North America is anticipated to garner the largest revenue of USD 112.51 Million by the end of 2030, up from a revenue of USD 68.77 Million in the year 2020. The growth of the market in the region can primarily be attributed to the growing number of businesses available in the region, especially in the field of manufacturing. According to the statistics by the North American Industry Classification System (NAICS) Association, there were a total of 649784 manufacturing business establishments in the United States, of which, 1950 were motor vehicle manufacturing establishments. On the other hand, the market in the Asia Pacific is expected to garner the second-largest revenue of USD 93.82 Million by the end of 2030, up from a revenue of USD 52.11 Million in the year 2020. The market in the region is further segmented by country into China, India, Japan, South Korea, Australia, Singapore, and the Rest of Asia Pacific. Out of these, the market in China is projected to display the largest revenue of USD 37.46 Million by the end of 2030, up from a revenue of USD 19.37 Million in the year 2020.

Growth Drivers and Challenges Impacting the Growth of the Global X-Ray Detector in the Industrial Sector Market

Growth Drivers

• Growing Advancements in Digital Imaging Technology

• Rising Demand for Digital Imaging Equipment in Different End-User Industries

Challenges

• High Cost of Equipment

Global X-Ray Detector in Industrial Sector Market Segmentation Synopsis

The global X-ray detector in the industrial sector market is segmented by technology into flat-panel detectors, computed radiography (CR) detectors, line scan detectors, and charge-coupled device detectors. Out of these, the flat-panel detectors segment is anticipated to garner the largest revenue of USD 165.16 Million by the end of 2030, up from a revenue of USD 103.47 Million in the year 2020. By portability, the market is segmented into fixed detectors, and portable detectors, out of which, the portable detectors segment is anticipated to grow with the highest CAGR of 5.13% during the forecast period and also attain the largest revenue by the end of 2030. By end-use application, the market is segmented into aerospace & defense, automotive, electronics & semiconductors, heavy industries & manufacturing, construction, oil & gas, and others. Out of these, the heavy industries & manufacturing segment is anticipated to garner the largest revenue of USD 89.41 Million by the end of 2030, up from a revenue of USD 53.97 Million in the year 2020.

Key Companies Dominating the Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global X-ray detector in the industrial sector market that is included in our report are 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.

Latest Developments in the Global X-Ray Detector in Industrial Sector Market:

• December 8^th, 2020: Vieworks Co., Ltd. announced that it has opened its second manufacturing and research center in Hwaseong. This new establishment will help the company to double its production capacity and speed up the development of its products so as to meet its customer’s diverse needs.

• October 27^th, 2021: Carestream Health announced that the Royal Canadian Air Force (RCAF) has selected its non-destructive testing (NDT) equipment, Carestream NDT INDUSTREX HPX-1 Plus Digital System. This new system would be replaced with the previous computed radiography scanners of RCAF.

• November 1^st, 2021: Konica Minolta, Inc. announced that its non-destructive inspection solution, SenrigaN, has been included in the “Inspection Support Technology Performance Catalogu (Draft) of the Government of Japan’s Ministry of Land, Infrastructure, Transport and Tourism (MLIT).

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• The report covers a detailed analysis comprising market share attained by each market segment and its sub-segments.

• It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis, and challenges that impact market growth.

• The report includes detailed company profiles of the major players dominating the market.

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Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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