Industrial Radiography Market - Global Analysis and Forecast to 2020

Industrial Radiography Market - Global Analysis and Forecast to 2020

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Published on Oct 26, 2015 - 166 pages

Industrial Radiography Market by Imaging Technique (Film-Based and Digital), Industry (Petrochemical and Gas, Power Generation, Manufacturing, Aerospace, and Automotive and Transportation), and Geography - Global Analysis and Forecast to 2020

Industrial radiography is a method of inspecting materials for hidden flaws using the capacity of short-wavelength electromagnetic radiation (high-energy photons) to penetrate various materials. In this report, the market has been segregated on the basis of imaging techniques, application industries, and geographical regions. The market on the basis of imaging techniques has been further subdivided into film-based radiography and digital radiography. Digital radiography is further segmented into computed tomography, computed radiography, and direct radiography.

Industrial radiography is widely used in petrochemical and gas, power generation, manufacturing, aerospace, automotive and transportation, and others. The automotive and transportation industry is expected to hold the largest share of the industrial radiography market during the forecast period, mainly because it provides automotive manufacturers the ability to engineer products of higher quality with tighter tolerances, while also providing them a way to inspect the products during the production process.

The total market is expected to reach USD 539.0 million by 2020, at a CAGR of 8.2% between 2015 and 2020. The market for the petrochemical and gas industry is expected to grow at a CAGR of 9.1% during the forecast period mainly owing to the increasing use of industrial radiography by the petrochemical and gas industry to inspect the manufacturing process and during in-service operations above water and underwater..

The report analyzes the entire market on the basis of all the major geographical regions, namely, the Americas, Europe, Asia-Pacific, and Rest of the World which comprises the Middle East and Africa. The Americas are currently a major market for industrial radiography; however, APAC is expected to grow at the highest CAGR of 9.6% during the forecast period.

A complete competitive landscape of the current market for industrial radiography is analyzed and all other details of the key players are discussed in their company profiles. The competitive information provided in this report includes key developments, core strategies adopted by various players, mergers & acquisitions, new product developments, collaborations, and joint ventures of key manufacturers along with their company profiles.

Key players in the industrial radiography market are 3DX-RAY LTD. (U.K.), Anritsu Corporation (Japan), Bosello High Technology srl (Italy), PerkinElmer, Inc. (U.S.), General Electric (U.S.), FUJIFILM Holdings Corporation (Japan), Nikon Corporation (Japan), Shimadzu Corporation (Japan), Mettler-Toledo International Inc. (Switzerland), and COMET Holding AG (Switzerland) among others.

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Table of Contents

TABLE OF CONTENTS

1 INTRODUCTION
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
1.3.2 YEARS CONSIDERED FOR THE STUDY
1.4 CURRENCY
1.5 LIMITATIONS
1.6 MARKET STAKEHOLDERS
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary sources
2.1.2.2 Key industry insights
2.1.2.3 Breakdown of primaries
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE MARKET OPPORTUNITIES IN THE GLOBAL INDUSTRIAL RADIOGRAPHY MARKET
4.2 MAJOR INDUSTRIES USING RADIOGRAPHY FOR TESTING
4.3 INDUSTRIAL RADIOGRAPHY MARKET, BY IMAGING TECHNIQUE AND GEOGRAPHY
4.4 COUNTRY-WISE ANALYSIS OF THE INDUSTRIAL RADIOGRAPHY MARKET
4.5 INDUSTRIAL RADIOGRAPHY MARKET SIZE, BY IMAGING TECHNIQUE
4.6 INDUSTRIAL RADIOGRAPHY MARKET LIFE CYCLE ANALYSIS, BY GEOGRAPHY (2015)
 
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET SEGMENTATION
5.2.1 BY IMAGING TECHNIQUE
5.2.2 BY INDUSTRY
5.2.3 BY REGION
5.3 BASIC COMPONENTS OF INDUSTRIAL RADIOGRAPHY
5.4 INDUSTRIAL RADIOGRAPHY IMAGING PROCESS
5.5 MARKET DYNAMICS
5.5.1 DRIVERS
5.5.1.1 Growing demand from automotive and aerospace industry
5.5.1.2 Increased accuracy of inspection with the integration of advanced software
5.5.1.3 Strict safety regulations by various governments
5.5.1.4 Preventive maintenance of industrial equipment
5.5.2 RESTRAINTS
5.5.2.1 High deployment costs
5.5.2.2 High risk of radiation exposure
5.5.3 OPPORTUNITIES
5.5.3.1 Automation of inspection and testing process
5.5.3.2 Rapid industrialization in developing economies
5.5.3.3 Provision of customized solutions
5.5.4 CHALLENGES
5.5.4.1 Lack of skilled labor
6 INDUSTRY TRENDS
6.1 INTRODUCTION
6.2 VALUE CHAIN ANALYSIS
6.3 PORTER'S FIVE FORCES ANALYSIS
6.3.1 THREAT OF NEW ENTRANTS
6.3.2 THREAT OF SUBSTITUTES
6.3.3 BARGAINING POWER OF SUPPLIERS
6.3.4 BARGAINING POWER OF BUYERS
6.3.5 COMPETITIVE RIVALRY
7 INDUSTRIAL RADIOGRAPHY MARKET, BY IMAGING TECHNIQUE
7.1 INTRODUCTION
7.2 FILM-BASED RADIOGRAPHY
7.3 DIGITAL RADIOGRAPHY
7.3.1 COMPUTED TOMOGRAPHY
7.3.2 COMPUTED RADIOGRAPHY
7.3.3 DIRECT RADIOGRAPHY
8 INDUSTRIAL RADIOGRAPHY MARKET, BY INDUSTRY
8.1 INTRODUCTION
8.2 PETROCHEMICAL AND GAS
8.2.1 LIQUEFACTION OF NATURAL GAS
8.2.2 REFINING
8.2.3 TRANSMISSION PIPELINE
8.2.4 SUBSEA PIPELINE
8.2.5 STORAGE TANKS
8.3 POWER GENERATION