X-ray Inspection System Industry worth $1.1 billion by 2028

The report "X-ray Inspection System Market by Technology (Film Based Imaging, Digital Imaging, Computed Tomography, Computed Radiography, Direct Radiography), Dimension (2D, 3D), Vertical (Government Infrastructure, Automotive) & Regio - Global Forecast to 2028" The global X-ray inspection system market is expected to be valued at USD 0.8 billion in 2023 and is projected to reach USD 1.1 billion by 2028; it is expected to grow at a CAGR of 6.2% from 2023 to 2028. The growth of the X-ray inspection system market is propelled by rising focus on safety and quality of products in emerging economies, and rising level of automation in manufacturing. However, concerns for radiation exposure are restraining the growth of the market.

2D segment is expected to hold the largest share during the forecast period.

The 2D segment in X-ray inspection systems are expected to dominate owing to versatility and the X-ray inspection system is well-suited for numerous applications in diverse industries, including electronics, automotive, aerospace, and food production. Their ability to inspect a wide range of products and components makes them highly adaptable.

Oil and gas Segment is projected to witness growth at the highest CAGR during the forecast period.

The Manufacturing sector is expected to experience substantial growth during the forecasted period, primarily due to the escalating investments. Governments and businesses on a global scale are increasingly acknowledging the pivotal role of manufacturing in fostering economic development. This recognition has led to a surge in investments aimed at enhancing msanufacturing facilities and technologies. Moreover, many manufacturing industries are expanding in response to the rising domestic and international demand.

North America to dominate X-ray inspection system market during the forecast period.

North America is expected to dominate in the X-ray inspection system market during the forecast period. Numerous prominent manufacturers and suppliers of X-ray inspection systems operate in the region. Their presence has stimulated fierce competition and innovation, which in turn accelerates the expansion of the market. Furthermore, the increasing adoption of X-ray inspection systems in manufacturing and quality control procedures is a significant driver of this growth.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=247723581

The X-ray inspection system market includes significant Tier I and II players like Mettler Toledo (US), Nordson Corporation (US), Comet Group (Switzerland), Anritsu (Japan), Viscom AG (Germany), North Star Imaging Inc. (US), Nikon Corporation (Japan), Ishida Co. Ltd. (Japan), Omron Corporation (Japan), and Toshiba IT & Control Systems Corporation (Japan), are some of the key players in the X-ray inspection system market.

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem.Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research.The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.