Quality control and inspection solutions will be important to Industry 4.0-driven smart factories, creating growth opportunities
SAN ANTONIO, March 28, 2022 /PRNewswire/ — Frost & Sullivan’s recent analysis of the global X-ray inspection systems industry finds that computed radiography (CR) and direct radiography (DR) application standards offer more benefits than X-ray film-based radiography and will expedite the adoption of X-ray inspection systems worldwide. The digital features of CR and DR application standards are driving wider market acceptance for digital X-ray inspection equipment. The global X-ray inspection systems market is estimated to reach $437.4 million by 2026 from $276.2 million in 2021, an uptick at a compound annual growth rate (CAGR) of 9.6%.
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"Sophisticated hardware and software in X-ray inspection systems will accelerate adoption in the dynamic Industry 4.0 environment," said Shruti Yewale, Research Analyst, Industrial Practice, Frost & Sullivan. "Additionally, quality control and inspection solutions will hold substantial market share in Industry 4.0-driven smart factories, creating opportunities for the X-ray inspection systems market."
Yewale added: "The DR segment will account for nearly 72% of the total market, followed by the CR segment, over the forecast period. Aerospace and defense, automotive, and oil and gas are key industries inflating demand for DR-based X-ray inspection systems in North America and Europe. On the other hand, companies in developing economies in the Asia-Pacific that seek to transition from analog to digital X-ray inspection types typically retrofit CR into traditional X-ray inspection systems."
With industry verticals’ increasing awareness of the benefits of digital X-ray inspection systems, market participants should consider:
- Workflow management software: Deployment enables smart data evaluation capabilities for statistics and predictive maintenance for customers.
- Automatic defect recognition (ADR): Vendors should encourage companies to use ADR to replace manual inspections with automatic or assisted evaluations, reducing cycle times and parts cost while eliminating human variability.
- Digital Twin: Digital twin will help improve the overall inspection, design, production, and maintenance processes.
Global X-ray Inspection Systems Growth Opportunities is the latest addition to Frost & Sullivan’s Industrial research and analyses available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future.
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Global X-ray Inspection Systems Growth Opportunities
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