[142 Pages Report] The X-ray inspection system market is expected to be valued at USD 860.5 Million by 2023 from USD 545.0 Million in 2016, at a CAGR of 6.51% between 2017 and 2023. The base year considered for the study is 2016, and the forecast period provided is between 2017 and 2023.

Objectives of Study:

To define, describe, and forecast the global X-ray inspection system market, in terms of value, on the basis of technique, dimension, vertical, and geography

To forecast the market size, in terms of value, for the concerned segments with regard to four main regions, namely, Americas, Europe, Asia Pacific (APAC), and Rest of the World (RoW)

To strategically analyze the micromarkets with regard to the individual growth trends, prospects, and contribution to the market

To provide detailed information regarding the major factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the growth of the market

To analyze opportunities in the market for stakeholders and the details of the competitive landscape for the market leaders

To provide a detailed overview of the X-ray inspection system value chain

To benchmark players within the market using proprietary �Competitive Leadership Mapping� framework, which analyzes market players on various parameters within the broad categories of business and product strategy

To analyze competitive developments such as partnerships, acquisitions, expansions, agreements, collaborations, contracts, and product launches, along with research and development (R&D) in the market

To strategically profile key players of the X-ray inspection system market and comprehensively analyze their market shares and core competencies

Research Methodology:

This research involves the use of secondary sources, directories, and databases such as Hoovers, Bloomberg Businessweek, Factiva, and OneSource to identify and collect information useful for the extensive technical, market-oriented, and commercial study of the X-ray inspection systems. Primary sources mainly comprise several industry experts from the core and related industries, along with preferred suppliers, manufacturers, distributors, service providers, reimbursement providers, technology developers, alliances, standards, and certification organizations related to various parts of the value chain of the industry. In-depth interviews with various primary respondents such as key industry participants, subject matter experts (SMEs), C-level executives of key players, and industry consultants have been conducted to obtain and verify critical qualitative and quantitative information as well as assess prospects. The breakdown of the profiles of primaries has been depicted in the figure below:

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In 2016, the X-ray inspection system market was dominated by North Star Imaging, Inc. (US), Nikon Metrology NV (Belgium), Nordson DAGE (UK), YXLON International GmbH (Germany), VJ Group, Inc. (US), 3DX-RAY Ltd. (UK), VisiConsult X-ray Systems & Solutions GmbH (Germany), Smiths Detection, Inc. (UK), Mettler-Toledo International Inc. (Switzerland), and General Electric Co. (US).

Scope of the Report:

Report Metric Details Base year 2016 Forecast period 2017�2023 Units Value (USD) Segments covered Type, End User, Offerings, and Region Geographic regions covered North America, APAC, Europe, and RoW Companies covered North Star Imaging, Inc. (US), Nikon Metrology NV (Belgium), Nordson DAGE (UK), YXLON International GmbH (Germany), VJ Group, Inc. (US), 3DX-RAY Ltd. (UK), VisiConsult X-ray Systems & Solutions GmbH (Germany), Smiths Detection, Inc. (UK), Mettler-Toledo International Inc. (Switzerland), and General Electric Co. (US).

Key Target Audience:

Raw material suppliers

Original equipment manufacturers (OEMs)

OEM technology solution providers

Technology and solution providers

Software service providers

Rental service providers

Intellectual property (IP) core and licensing providers

Suppliers and distributors

Trainers and consultants

Government and other regulatory bodies

Technology investors

Research institutes and organizations

Market research and consulting firms

Scope of Report:

The research report segments the market into the following submarkets:

X-ray Inspection System Market, by Technique Film�Based Imaging Digital Imaging Computed Tomography (CT) Computed Radiography (CR) Direct Radiography (DR)

Market, by Dimension 2D 3D

Market, by Vertical Manufacturing Oil and Gas Aerospace Government Infrastructure Automotive Power Generation Food and Pharmaceuticals Others (Research and development, marine, and plastics and polymers.)

Market, by Geography Americas US Canada Mexico Brazil Rest of Americas Europe UK France Germany Italy Rest of Europe Asia Pacific (APAC) China Japan India Rest of APAC Rest of the World (RoW) Middle East Africa



Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the company�s specific needs. The following customization options are available for the report:

X-Ray Inspection System Market Analysis

Further breakdown of the other vertical segment into subcategories

Further breakdown of the regions into various countries

Company Information

Detailed analysis and profiling of additional market players on the basis of various blocks of the value chain

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The X-ray inspection system market is expected to be valued at USD 860.5 Million by 2023, at a CAGR of 6.51% between 2017 and 2023. Growing consumer awareness raising the bar of safety and quality standards acts as a driver for the growth of the market. Moreover, stringent government regulations due to security concerns, and demand from both developed and developing economies also drive the growth of this market.

This report segments the market on the basis of technique, dimension, vertical, and geography. Digital imaging held a larger share of the market based on technique in 2016. The increased use of systems based on digital imaging technique for detection of damages such as cracks, reduction in time of image processing, and 3D visualization ability contribute to a high growth of the market for this segment.

3D X-ray inspection system market is expected to grow at a higher CAGR during the forecast period. The growth of this market can be attributed to the use of 3D X-ray inspection systems in a wide range of industries, from semiconductors to automotive manufacturing, and their vital role in quality control. These systems also allow manufacturers to diagnose issues such as metal bridging, foreign materials, and construction defects in 3D planes.

The oil and gas vertical held the largest share of the X-ray inspection system market in 2016. X-ray inspection systems are widely used in both the downstream as well as upstream segments of the oil and gas wells. X-ray inspection systems are highly efficient in delivering solutions for the pressure vessels, pipes, boilers, and valves inspections, which, in turn, is driving the growth of this market.

The X-ray inspection system market in Asia Pacific (APAC) is expected to grow at the highest CAGR during the forecast period. This growth can be attributed to the continuous demand for cost-effective and fast-processing X-ray inspection systems from the oil and gas, and power generation verticals.

The risk of radiation exposure and high system cost act as a restraint for the overall X-ray inspection system market. Though the X-ray inspection systems provide an assured return on investment for the durability of complex machinery, the deployment cost of these systems is currently beyond limits for some of the industry minors. The end users see it as a burden on the company investments and thus prefer third-party inspection services.

The key players in the X-ray inspection system market include North Star Imaging, Inc. (US), Nikon Metrology NV (Belgium), Nordson DAGE (UK), YXLON International GmbH (Germany), VJ Group, Inc. (US), 3DX-RAY Ltd. (UK), VisiConsult X-ray Systems & Solutions GmbH (Germany), Smiths Detection, Inc. (UK), Mettler-Toledo International Inc. (Switzerland), and General Electric Co. (US).

These players adopted various strategies such as product launches, partnerships, acquisitions, expansions, agreements, collaborations, and contracts to grow in the X-ray inspection system market.

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