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The industrial radiography equipment market size has the potential to grow by USD 197.32 million during 2021-2025, and the market's growth momentum will accelerate at a CAGR of 6.09%.
This report provides a detailed analysis of the market by product (digital and analog), end-user (automotive, aerospace and defense, power generation, oil and gas, and others), geography (APAC, Europe, MEA, North America, and South America), and key vendors.
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The report analyzes the market's competitive landscape and offers information on several market vendors, including:
The industrial radiography equipment market is fragmented and the vendors are deploying growth strategies such as offering differentiated products to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.
The market players also significantly leverage external market drivers such as the replacement of analog radiography systems with digital radiography systems to achieve growth opportunities. However, factors such as high initial cost will challenge the growth of the market participants. To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Download a free sample of the industrial radiography equipment market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
This industrial radiography equipment market analysis report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of their future growth opportunities.
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45% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for industrial radiography equipment in APAC. Market growth in APAC will be faster than the growth of the market in other regions.
The increasing demand for digital radiography equipment particularly from the automotive and semiconductor and electronics industry will facilitate the industrial radiography equipment market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.
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Digital radiography uses computer-aided inspection technology for radiography testing. Digital radiography offers accurate /images, consistent quality, lower radiation levels, and proper /image storage and retrieval facility. These beneficial attributes have been spurring the demand for digital radiography equipment over the years.
This report provides an accurate prediction of the contribution of all the segments to the growth of the industrial radiography equipment market size. Fetch actionable market insights on post COVID-19 impact on each segment.
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Industrial Radiography Equipment Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6% |
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Market growth 2021-2025 |
$ 197.32 million |
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Market structure |
Fragmented |
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YoY growth (%) |
5.71 |
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Regional analysis |
APAC, North America, Europe, South America, and MEA |
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Performing market contribution |
APAC at 45% |
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Key consumer countries |
US, China, Germany, Japan, and UK |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Companies profiled |
ADANI, Anritsu Corp., Comet Group, DURR NDT GmbH & Co. KG, General Electric Co., Illinois Tool Works Inc., Image Scan Holdings plc., MATSUSADA PRECISION Inc., Mettler-Toledo International Inc., and Nikon Corp. |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Market Segmentation by End-user
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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