Abstract
Summary
The global X-ray inspection system market was valued at USD 0.8 billion in 2023 and is estimated to reach USD 1.1 billion by 2028, registering a CAGR of 6.2% during the forecast period. Increasing focus on safety and quality in food industry, increasing densification of circuit board mounting, rapid urbanization and technological advancements fuels the market. Moreover, rising level of automation is fueling the demand for X-ray inspection system market. These trends is leading to the growth of the X-ray inspection system market.
“Digital imaging is expected to grow at the highest CAGR during the forecast period.”
The digital imaging segment is growing at the highest CAGR in the X-ray inspection system market. The segment’s growth is attributed to the effortless incorporation of digital imaging-based X-ray inspection systems into current production lines, reduced film and chemicals costs, heightened operational efficiency, and enhanced defect detection capabilities. These combined factors establish them as the favored option for industries in search of top-tier, efficient solutions for non-destructive testing and inspection, ultimately eliminating the need for expensive recalls or rework.
“3D segment is projected to grow fastest in X-ray inspection system market.”
The 3D segment is growing at the highest CAGR in the X-ray inspection system market due to the escalating demand for precise inspections. Stringent regulations within various industries, including aerospace, food and beverage, and pharmaceuticals, are contributing to this growth. The emergence of advanced materials, such as composites and 3D-printed components, necessitates 3D inspection for the accurate assessment of their internal structures. This development aligns with the broader trend toward the adoption of lighter, stronger, and more complex materials.
“US is projected to dominate in North America region for X-ray inspection system market”
US is having the largest market share in the X-ray inspection system market due to several factors. The nation boasts a robust representation of prominent manufacturers in the field of X-ray inspection systems, including Mettler Toledo, Nordson Corporation, and North Star Imaging Inc. The United States exhibits a wide-ranging industrial landscape, spanning sectors like aerospace, automotive, electronics, healthcare, and food processing, all of which depend significantly on X-ray inspection systems for maintaining quality standards and regulatory compliance. These factors collectively serve as pivotal drivers for the expansion of the X-ray inspection system market within the country.
In-depth interviews have been conducted with chief executive officers (CEOs), Directors, and other executives from various key organizations operating in the X-ray inspection system marketplace.
• By Company Type: Tier 1 – 25%, Tier 2 – 30%, and Tier 3 – 45%
• By Designation: C-level Executives – 25%, Directors – 35%, and Others – 40%
• By Region: North America– 20%, Europe – 30%, Asia Pacific– 40% and RoW- 10%
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 market.
The study includes an in-depth competitive analysis of these key players in the X-ray inspection system market, with their company profiles, recent developments, and key market strategies.
Research Coverage
This research report categorizes the X-ray inspection system market by technology (Digital Imaging, Film Based Imaging), by dimension (2D, 3D), by vertical (Manufacturing, Oil & Gas, Aerospace, Government Infrastructure, Automotive, Power Generation, Food & Beverage, Others), and by region (North America, Europe, Asia Pacific, and RoW). The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the X-ray inspection system market. A detailed analysis of the key industry players has been done to provide insights into their business overview, solutions, and services; key strategies; Contracts, partnerships, agreements. new product & service launches, mergers and acquisitions, and recent developments associated with the X-ray inspection system market. Competitive analysis of upcoming startups in the X-ray inspection system market ecosystem is covered in this report.
Reasons to buy this report
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall X-ray inspection system market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
• Analysis of key drivers (Tighter manufacturing tolerances, increased densification of circuit board mounting, increasing awareness among the consumers, and increasing focus on safety and quality in food industry), restraints (high costs associated with X-ray inspection systems, and concerns for radiation exposure), opportunities (Rising level of automation in the field of manufacturing, and rising focus on safety and quality of products in emerging economies), and challenges (complexity in integration of X-ray inspection system with existing production line, and availability of substituent alternative inspection technologies) influencing the growth of the X-ray inspection system market
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the X-ray inspection system market
• Market Development: Comprehensive information about lucrative markets – the report analyses the X-ray inspection system market across varied regions.
• Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the X-ray inspection system market
• Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading 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), Toshiba IT & Control Systems Corporation (Japan) among others in the X-ray inspection system market.
Table of Contents
1 INTRODUCTION 21
1.1 STUDY OBJECTIVES 21
1.2 MARKET DEFINITION 21
1.2.1 INCLUSIONS AND EXCLUSIONS 22
1.3 STUDY SCOPE 22
1.3.1 MARKETS COVERED 22
1.3.2 REGIONAL SCOPE 23
1.3.3 YEARS CONSIDERED 23
1.4 IMPACT OF RECESSION 24
1.5 CURRENCY CONSIDERED 24
1.6 STAKEHOLDERS 24
1.7 LIMITATIONS 24
1.8 SUMMARY OF CHANGES 25
2 RESEARCH METHODOLOGY 26
2.1 RESEARCH APPROACH 26
2.1.1 SECONDARY DATA 27
- 2.1.1.1 List of major secondary sources 27
- 2.1.1.2 Key data from secondary sources 27
2.1.2 PRIMARY DATA 28
- 2.1.2.1 Key data from primary sources 28
- 2.1.2.2 Key industry insights 29
- 2.1.2.3 Breakdown of primaries 29
2.2 FACTOR ANALYSIS 30
2.3 MARKET SIZE ESTIMATION 31
2.3.1 BOTTOM-UP APPROACH 31
- 2.3.1.1 Approach to derive market size using bottom-up analysis 31
2.3.2 TOP-DOWN APPROACH 32
- 2.3.2.1 Approach to derive market size using top-down analysis (supply side) 32
2.4 DATA TRIANGULATION 33
2.5 RESEARCH ASSUMPTIONS 34
2.6 PARAMETERS CONSIDERED TO ANALYZE IMPACT OF RECESSION ON X-RAY INSPECTION SYSTEM MARKET 35
3 EXECUTIVE SUMMARY 36
4 PREMIUM INSIGHTS 39
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN X-RAY INSPECTION SYSTEM MARKET 39
4.2 X-RAY INSPECTION SYSTEM MARKET, BY TECHNOLOGY 39
4.3 X-RAY INSPECTION SYSTEM MARKET, BY DIMENSION 40
4.4 X-RAY INSPECTION SYSTEM MARKET, BY VERTICAL AND REGION 40
4.5 X-RAY INSPECTION SYSTEM MARKET, BY REGION 41
5 MARKET OVERVIEW 42
5.1 INTRODUCTION 42
5.2 MARKET DYNAMICS 42
5.2.1 DRIVERS 43
- 5.2.1.1 Rising need for inspection services due to evolving regulations and quality standards 43
- 5.2.1.2 Surging requirement for precise and high-quality automotive components to ensure safety 43
- 5.2.1.3 Rising preference of consumers for defect-free products 44
- 5.2.1.4 Increasing focus of food industry on safety and quality 44
5.2.2 RESTRAINTS 45
- 5.2.2.1 High costs of deployment and maintenance 45
- 5.2.2.2 Risk of exposure to ionizing radiation 45
5.2.3 OPPORTUNITIES 46
- 5.2.3.1 Integration of robotics into X-ray inspection equipment 46
- 5.2.3.2 Rapid industrialization in emerging economies 46
5.2.4 CHALLENGES 47
- 5.2.4.1 Integration of X-ray inspection systems with existing production lines 47
- 5.2.4.2 Availability of alternative inspection technologies 47
5.3 VALUE CHAIN ANALYSIS 48
5.4 ECOSYSTEM MAPPING 49
5.5 PRICING ANALYSIS 51
5.5.1 AVERAGE PRICING ANALYSIS (ASP) TREND OF X-RAY INSPECTION SYSTEMS 51
5.5.2 AVERAGE SELLING PRICE (ASP) TREND OF X-RAY INSPECTION SYSTEM, BY REGION 52
5.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 52
5.7 TECHNOLOGY ANALYSIS 53
5.7.1 COMPUTED TOMOGRAPHY (CT) SCANNING 53
5.7.2 3D IMAGING 53
5.7.3 ARTIFICIAL INTELLIGENCE (AI) AND MACHINE LEARNING (ML) 53
5.7.4 COMPUTER VISION 54
5.8 PORTER’S FIVE FORCES ANALYSIS 54
5.8.1 INTENSITY OF COMPETITIVE RIVALRY 55
5.8.2 BARGAINING POWER OF SUPPLIERS 55
5.8.3 BARGAINING POWER OF BUYERS 55
5.8.4 THREAT OF SUBSTITUTES 55
5.8.5 THREAT OF NEW ENTRANTS 56
5.9 KEY STAKEHOLDERS AND BUYING CRITERIA 56
5.9.1 KEY STAKEHOLDERS IN BUYING PROCESS 56
5.9.2 BUYING CRITERIA 57
5.10 CASE STUDY ANALYSIS 58
5.11 TRADE ANALYSIS 59
5.11.1 IMPORT SCENARIO 60
5.11.2 EXPORT SCENARIO 60
5.12 PATENT ANALYSIS 61
5.13 KEY CONFERENCES AND EVENTS, 2023-2025 64
5.13.1 TARIFF ANALYSIS 64
5.14 REGULATORY LANDSCAPE AND STANDARDS 65
5.14.1 REGULATORY BODIES, GOVERNMENT AGENCIES AND OTHER ORGANIZATIONS 65
5.14.2 STANDARDS 67
6 X-RAY INSPECTION SYSTEM MARKET, BY TECHNOLOGY 68
6.1 INTRODUCTION 69
6.2 FILM-BASED IMAGING 71
6.2.1 COST EFFICIENCY AND SUSTAINABILITY FEATURES TO FUEL DEMAND 71
6.3 DIGITAL IMAGING 72
6.3.1 COMPUTED TOMOGRAPHY 73
- 6.3.1.1 Increasing complexity of manufacturing and quality control processes to fuel segmental growth 73
6.3.2 COMPUTED RADIOGRAPHY 75
- 6.3.2.1 Rising focus on reducing operating costs to foster segmental growth 75
6.3.3 DIRECT RADIOGRAPHY 76
- 6.3.3.1 Capacity to swiftly identify defects and enhance safety to boost adoption of technology 76
7 X-RAY INSPECTION SYSTEM MARKET, BY DIMENSION 78
7.1 INTRODUCTION 79
7.2 2D 80
7.2.1 SIMPLIFIED INTEGRATION AND COST-EFFECTIVENESS TO BOOST SEGMENTAL GROWTH 80
7.3 3D 81
7.3.1 COMPLEX AND STRINGENT QUALITY CONTROL REQUIREMENTS TO FUEL MARKET GROWTH 81
8 X-RAY INSPECTION SYSTEM MARKET, BY VERTICAL 83
8.1 INTRODUCTION 84
8.2 MANUFACTURING 86
8.2.1 ADVENT OF INDUSTRY 4.0 IN MANUFACTURING PROCESSES TO BOOST DEMAND 86
8.3 OIL & GAS 89
8.3.1 PRESSING NEED TO COMPLY WITH INDUSTRY STANDARDS TO DRIVE MARKET 89
8.4 AEROSPACE 91
8.4.1 HIGH FOCUS ON SAFETY AND PRECISION TO DRIVE DEMAND 91
8.5 GOVERNMENT INFRASTRUCTURE 94
8.5.1 EXPANSION AND MODERNIZATION OF AIRPORTS TO FUEL DEMAND 94
8.6 AUTOMOTIVE 97
8.6.1 ABILITY TO DETECT CAST AND WELDED COMPONENTS WITHIN AUTOMOTIVE CHASSIS SYSTEMS TO BOOST DEMAND 97
8.7 POWER GENERATION 99
8.7.1 GLOBAL SURGE IN ENERGY CONSUMPTION TO FOSTER SEGMENTAL GROWTH 99
8.8 FOOD & PHARMACEUTICALS 102
8.8.1 NEED TO DETECT CONTAMINANTS IN FOOD ITEMS AND PHARMACEUTICALS TO DRIVE MARKET 102
8.9 OTHERS 105
9 X-RAY INSPECTION SYSTEM MARKET, BY REGION 108
9.1 INTRODUCTION 109
9.2 NORTH AMERICA 111
9.2.1 NORTH AMERICA: IMPACT OF RECESSION 112
9.2.2 US 114
- 9.2.2.1 Presence of established manufacturers to fuel market growth 114
9.2.3 CANADA 114
- 9.2.3.1 Commitment to sustainability to fuel market growth 114
9.2.4 MEXICO 114
- 9.2.4.1 Increasing need for efficient manufacturing processes to drive market growth 114
9.3 EUROPE 115
9.3.1 EUROPE: IMPACT OF RECESSION 116
9.3.2 UK 117
- 9.3.2.1 Increasing public-private investments in technology sector to boost demand 117
9.3.3 GERMANY 118
- 9.3.3.1 Thriving automotive sector to offer lucrative opportunities to players 118
9.3.4 FRANCE 118
- 9.3.4.1 Developing EV market to boost demand 118
9.3.5 ITALY 118
- 9.3.5.1 Rising focus on food safety and quality control to drive market 118
9.3.6 REST OF EUROPE 119
9.4 ASIA PACIFIC 119
9.4.1 ASIA PACIFIC: IMPACT OF RECESSION 120
9.4.2 JAPAN 122
- 9.4.2.1 Rising adoption of electric and hybrid vehicle to drive market 122
9.4.3 CHINA 122
- 9.4.3.1 Growing demand for comprehensive system solutions in industrial applications to drive market 122
9.4.4 INDIA 123
- 9.4.4.1 Rapid collaborations between government organizations and manufacturers to boost demand 123
9.4.5 REST OF ASIA PACIFIC 123
9.5 ROW 123
9.5.1 ROW: IMPACT OF RECESSION 123
9.5.2 MIDDLE EAST & AFRICA 125
- 9.5.2.1 Increasing investments in infrastructural development to boost demand 125
9.5.3 SOUTH AMERICA 125
- 9.5.3.1 Stringent government regulations to drive market 125
10 COMPETITIVE LANDSCAPE 126
10.1 OVERVIEW 126
10.2 KEY STRATEGIES ADOPTED BY MAJOR PLAYERS 126
10.3 REVENUE ANALYSIS, 2018-2022 127
10.4 MARKET SHARE ANALYSIS, 2022 127
10.5 COMPANY EVALUATION MATRIX, 2022 130
10.5.1 STARS 130
10.5.2 EMERGING LEADERS 130
10.5.3 PERVASIVE PLAYERS 130
10.5.4 PARTICIPANTS 130
10.5.5 COMPANY FOOTPRINT 132
10.6 START-UPS/SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION MATRIX, 2022 136
10.6.1 PROGRESSIVE COMPANIES 136
10.6.2 RESPONSIVE COMPANIES 136
10.6.3 DYNAMIC COMPANIES 136
10.6.4 STARTING BLOCKS 136
10.6.5 COMPETITIVE BENCHMARKING 138
10.7 COMPETITIVE SCENARIOS AND TRENDS 140
10.7.1 PRODUCT LAUNCHES 140
10.7.2 DEALS 143
10.7.3 OTHERS 143
11 COMPANY PROFILES 144
11.1 KEY PLAYERS 144
11.1.1 METTLER TOLEDO 144
11.1.2 NORDSON CORPORATION 150
11.1.3 COMET GROUP 155
11.1.4 ANRITSU 159
11.1.5 VISCOM AG 163
11.1.6 NORTH STAR IMAGING INC 167
11.1.7 NIKON CORPORATION 169
11.1.8 ISHIDA CO., LTD 173
11.1.9 OMRON CORPORATION 175
11.1.10 TOSHIBA IT & CONTROL SYSTEMS CORPORATION 178
11.1.11 GENERAL ELECTRIC 180
11.1.12 SMITHS GROUP PLC 182
11.2 OTHER KEY PLAYERS 186
11.2.1 VJTECHNOLOGIES 186
11.2.2 3DX-RAY 187
11.2.3 VISICONSULT GMBH 188
11.2.4 CREATIVE ELECTRON 189
11.2.5 GLENBROOK TECHNOLOGIES 189
11.2.6 SCIENSCOPE 190
11.2.7 CASSEL MESSTECHNIK GMBH 190
11.2.8 SESOTEC GMBH 191
11.2.9 WELLMAN X-RAY SOLUTION CO., LTD 192
11.2.10 MARS TOHKEN SOLUTION CO. LTD 193
11.2.11 RAD SOURCE TECHNOLOGIES 193
11.2.12 MANNCORP INC 194
11.2.13 MINEBEA INTEC GMBH 194
11.2.14 TECHIK INSTRUMENT (SHANGHAI) CO., LTD 195
11.2.15 MESUTRONIC GMBH 195
12 ADJACENT MARKET 196
12.1 INTRODUCTION 196
12.2 SURFACE MOUNT TECHNOLOGY MARKET, BY END USER INDUSTRY 196
12.3 CONSUMER ELECTRONICS 197
12.3.1 GROWING DEMAND FOR MINIATURIZATION OF CONSUMER ELECTRONICS TO BOOST DEMAND 197
12.4 TELECOMMUNICATIONS 199
12.4.1 EMERGENCE OF WIRELESS COMMUNICATION TECHNOLOGIES TO FOSTER SEGMENTAL GROWTH 199
12.5 AEROSPACE & DEFENSE 200
12.5.1 RISING DEMAND FOR HIGH-QUALITY ELECTRONIC COMPONENTS 200
12.6 AUTOMOTIVE 201
12.6.1 EXPANDING ELECTRIC VEHICLE (EV) MARKET TO BOOST DEMAND 201
12.7 MEDICAL 202
12.7.1 RISING DIGITIZATION IN MEDICAL INDUSTRY TO DRIVE MARKET 202
12.8 INDUSTRIAL 204
12.8.1 INCREASING ADOPTION OF AUTOMATION TECHNOLOGIES TO STRENGTHEN MARKET GROWTH 204
12.9 ENERGY AND POWER SYSTEMS 205
12.9.1 RISING ELECTRICITY CONSUMPTION TO BOOST DEMAND 205
13 APPENDIX 207
13.1 DISCUSSION GUIDE 207
13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 210
13.3 CUSTOMIZATION OPTIONS 212
13.4 RELATED REPORTS 212
13.5 AUTHOR DETAILS 213