NEW
YORK, Sept. 10, 2024 /PRNewswire/ -- Report on
how AI is driving market transformation- The global industrial
computed tomography equipment market size is estimated to
grow by USD 147.3 million from
2024-2028, according to Technavio. The market is estimated to grow
at a CAGR of almost 8.46% during the forecast period.
Renewed demand from the oil and gas industry is driving market
growth, with a trend towards rising demand for portable
radiography equipment. However, high cost of industrial
computed tomography equipment poses a challenge. Key market
players include Avonix Imaging, Baker Hughes Co., Blue Star Ltd.,
Bruker Corp., Carl Zeiss AG, Comet Yxlon GmbH, CyXplus SAS, Dandong
Aolong Radiative Instrument Group Co. Ltd., General Electric Co.,
Nikon Corp., North Star Imaging Inc., OMRON Corp., Pinnacle X ray
Solutions Inc., ProCon X Ray GmbH, Rigaku Corp., RX Solutions,
Shanghai Eastimage Equipment Co. Ltd., Shimadzu Corp., VJ Group
Inc., and Werth Messtechnik GmbH.
![Technavio has announced its latest market research report titled Global industrial computed tomography equipment 2024-2028 Technavio has announced its latest market research report titled Global industrial computed tomography equipment 2024-2028](https://mma.prnewswire.com/media/2500135/Technavio_industrial_computed_tomography_equipment.jpg)
AI-Powered Market Evolution Insights. Our
comprehensive market report ready with the latest trends, growth
opportunities, and strategic analysis- View your snapshot
now
Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
Application (Flaw
detection and inspection, Assembly analysis, Failure analysis, and
Others), End-user (Automotive, Aerospace, Electronics, Oil and gas,
and Others), and Geography (APAC, Europe, North America, South
America, and Middle East and Africa)
|
Region
Covered
|
APAC, Europe, North
America, South America, and Middle East and Africa
|
Key companies
profiled
|
Avonix Imaging, Baker
Hughes Co., Blue Star Ltd., Bruker Corp., Carl Zeiss AG, Comet
Yxlon GmbH, CyXplus SAS, Dandong Aolong Radiative Instrument Group
Co. Ltd., General Electric Co., Nikon Corp., North Star Imaging
Inc., OMRON Corp., Pinnacle X ray Solutions Inc., ProCon X Ray
GmbH, Rigaku Corp., RX Solutions, Shanghai Eastimage Equipment Co.
Ltd., Shimadzu Corp., VJ Group Inc., and Werth Messtechnik
GmbH
|
Key Market Trends Fueling Growth
Portable industrial computed tomography (CT) equipment is
increasingly preferred by businesses in industries like oil and
gas, automotive, and aerospace. The equipment's mobility allows for
inspections at various locations and positions, making it
particularly useful for industries with geographically dispersed
assets. In oil and gas, a single CT system can serve multiple rigs
and pipeline points. Companies such as Bruker, ProCon X-Ray GmbH,
and Nikon provide portable CT solutions. Bruker's SKYSCAN 1174 and
ProCon X-Ray's CT-PORTABLE models cater to small objects and
various materials. These compact, portable systems reduce testing
expenses by enabling inspections at vendors' locations, thereby
eliminating high installation costs. This trend is anticipated to
fuel the growth of the global industrial CT equipment market.
The Industrial Computed Tomography (CT) Equipment Market is
experiencing significant growth due to increasing adoption of
advanced software solutions, artificial intelligence, and machine
learning in image reconstruction and visualization tools.
Industrial CT solutions are becoming essential for industries like
aerospace and defense, nuclear power, and MRO processes, where
precise dimensional analysis and failure analysis are crucial.
Companies like Cyient, Collins Aerospace Systems, and Exact
Metrology are leading the way with innovative CT scanning
technology. However, challenges such as compatibility issues, image
resolution, noise reduction, and artifacts persist. Safety concerns
and data management are also key considerations. The market is
witnessing educational initiatives to raise awareness and build
technical expertise. Key players are investing in 3D metrology,
fan-beam CT, cone-beam CT, and non-destructive testing for
applications in aircraft parts, materials, and additive
manufacturing. GDF Suez, Areva, McLaren, and the defense sector are
also adopting CT technology for various applications.
Insights on how AI is driving innovation,
efficiency, and market growth- Request Sample!
Market Challenges
- Industrial computed tomography (CT) equipment is utilized by
product manufacturers to ensure quality and safety in their
production processes. OEMs in the automotive and aerospace
industries are particularly interested in CT equipment due to its
potential to enhance inspection quality and productivity, while
reducing maintenance and ownership costs. However, the high cost of
industrial CT systems, which can range from USD300,000 to over USD1,200,000 for advanced models, poses a
significant challenge for small- and medium-sized enterprises
(SMEs). These enterprises may find it difficult to justify the
investment due to longer return on investment timelines. In
contrast, medical CT equipment, which ranges from USD60,000 to USD300,000, is more affordable and accessible for
a wider range of end-users. Despite the benefits, the high cost of
industrial CT equipment may hinder market growth, particularly for
SMEs in cost-sensitive industries.
- The Industrial Computed Tomography (CT) Equipment Market is
witnessing significant growth due to increasing demand from various
sectors like Aerospace and Defense, Automotive, Electronics,
Nuclear Power, and MRO processes. CT scanning technology is
essential for flaw detection and quality assurance in these
industries. Companies like Cyient and Collins Aerospace Systems are
leading providers of CT scanning services and equipment. Additive
manufacturing and Industrial X-ray are key applications driving the
market. CT systems help in non-destructive testing of aircraft
parts, nuclear fuel rods, and electronic components.
High-precision, high-resolution 3D imaging enables detection of
even the smallest defects or faults, ensuring product quality and
safety. Major players focus on innovation to meet safety standards
and offer advanced services. For instance, McLaren uses CT scanning
for automotive racing car engine analysis. GDF Suez, Areva, and
Defense industries use CT systems for nuclear fuel inspection. CT
scanners provide 3D visualization of internal structures, revealing
material properties and structural flaws. The Equipment, Services,
and Inspection sectors benefit from this technology, ensuring
reliability and precision in their offerings.
Insights into how AI is reshaping industries and
driving growth- Download a Sample Report
Segment Overview
This industrial computed tomography equipment market report
extensively covers market segmentation by
- Application
- 1.1 Flaw detection and inspection
- 1.2 Assembly analysis
- 1.3 Failure analysis
- 1.4 Others
- End-user
- 2.1 Automotive
- 2.2 Aerospace
- 2.3 Electronics
- 2.4 Oil and gas
- 2.5 Others
- Geography
- 3.1 APAC
- 3.2 Europe
- 3.3 North America
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Flaw detection and inspection- The
Industrial Computed Tomography (CT) Equipment market is
experiencing steady growth due to increasing demand from various
industries such as automotive, aerospace, and pharmaceuticals. CT
equipment provides detailed, three-dimensional images of internal
structures, enhancing product design, quality control, and
diagnostic capabilities. Companies invest in this technology to
improve efficiency, reduce costs, and gain a competitive edge.
Market leaders include GE Healthcare, Siemens Healthineers, and
Philips Healthcare.
Download complimentary Sample Report to
gain insights into AI's impact on market dynamics, emerging trends,
and future opportunities- including forecast (2024-2028) and
historic data (2018 - 2022)
Research Analysis
Industrial Computed Tomography (CT) equipment is revolutionizing
non-destructive testing and inspection in various industries,
including aerospace and defense, automotive, electronics, and MRO
processes. CT scanning technology, also known as Industrial X-ray,
utilizes high-energy radiation to produce cross-sectional images of
complex structures, enabling flaw detection and quality assurance
in aircraft parts, materials, and components. This technology is
essential for safety and product quality in industries where
precision and defect-free production are critical. Companies like
Cyient and Collins Aerospace Systems are at the forefront of
implementing CT scanning technology in the aerospace sector for
flaw detection and material analysis. Areva, in the defense sector,
also uses CT scanners for quality control and safety inspections.
The electronics sector benefits from CT scanning for precision
inspection of intricate components, while the automotive sector
uses it for analyzing engine parts and assembly lines. Overall, CT
scanning technology is a game-changer in the inspection sector,
contributing significantly to the equipment and services
sectors.
Market Research Overview
Industrial Computed Tomography (CT) equipment is revolutionizing
non-destructive testing and inspection in various industries,
including aerospace and defense, automotive, electronics, nuclear
power, and MRO processes. CT scanning technology uses
high-resolution X-ray technology to create 3D images of internal
structures, enabling the detection of even the smallest defects,
flaws, and faults. Industrial CT systems provide precision,
reliability, and safety, ensuring product quality and adherence to
safety standards. The adoption of CT scanning technology is
increasing due to awareness, educational initiatives, and the
availability of advanced software solutions, including image
reconstruction, visualization tools, and machine learning
algorithms. However, challenges such as compatibility issues, image
resolution, noise reduction, artifacts, safety issues, and data
management remain. Industrial CT solutions are used in industries
like aerospace and defense for flaw detection in aircraft parts,
materials, and components. In the nuclear power sector, CT scanning
is used for failure analysis, assembly analysis, and dimensional
analysis. The automotive sector uses CT scanning for quality
assurance, while the electronics sector benefits from its use in 3D
metrology and material properties analysis. Industrial CT systems
are essential for safety, quality control, and product development
in various industries, including Cyient, Collins Aerospace Systems,
McLaren, GDF Suez, Areva, and defense organizations. The use of CT
scanning technology in the inspection sector is transforming the
equipment and services sectors by providing high-precision,
non-destructive testing and inspection solutions.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Application
-
- Flaw Detection And Inspection
- Assembly Analysis
- Failure Analysis
- Others
- End-user
-
- Automotive
- Aerospace
- Electronics
- Oil And Gas
- Others
- Geography
-
- APAC
- Europe
- North America
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
View original content to download
multimedia:https://www.prnewswire.com/news-releases/the-industrial-computed-tomography-equipment-market-is-projected-to-grow-by-usd-147-3-million-from-2024-2028--driven-by-rising-demand-from-the-oil-and-gas-industry---technavio-302242031.html
SOURCE Technavio