The Americas led the industrial radiography market, accounting for a share of 39.78% of the overall market in 2014. The well-developed manufacturing, petroleum, and aerospace industries in this region are driving the growth of the market as industrial radiography is widely used for routine inspection, dimensional measurement, and maintenance in these industries. Industrial radiography is expected to have a huge demand in the APAC region during the forecast period owing to the increasing focus on the manufacturing industry by developing countries such as India and China in this region.
This is driving the growth of the industrial radiography market in this region, and the APAC market is estimated to grow at the highest CAGR of 9.6% during the forecast period. The industrial radiography 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 application of industrial radiography in the petrochemical and gas industry is expected to grow at a CAGR of 9.1% during the forecast period.
Industrial Radiography Market
The report covers all aspects of the industrial radiography market in terms of imaging techniques, application industries, and geography. This report covers the petrochemical and gas, power generation, manufacturing, aerospace, automotive and transportation and other application industries. The industrial radiography market is segmented on the basis of imaging techniques into film-based radiography and digital radiography. Digital radiography is further segmented into computed tomography, computed radiography, and direct radiography. The market is also segmented on the basis of geography into the Americas, Europe, Asia-Pacific, and Rest of World. Rest of the World includes the Middle East and Africa.
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The key revenue pockets for this market are applications of industrial radiography in automotive and transportation, aerospace, petrochemical and gas, and power generation industries. The major players in this segment are General Electric (U.S.), FujiFilm Holdings Corporation (Japan), Nikon Corporation (Japan), Shimadzu Corporation (Japan), and COMET Holding AG (Switzerland).
