Industrial Radiography Testing Market Size, Share, Industry Trends and Forecast to 2030

Industrial Radiography Testing Market Size & CAGR in 2021

The global Industrial Radiography Testing market was valued at USD 550 million in 2021 and is projected to grow at a CAGR of 5% from 2021 to 2025. This growth can be attributed to the increasing demand for non-destructive testing methods in industries such as manufacturing, aerospace, and automotive.

COVID-19 Impact on the Industrial Radiography Testing Market

The COVID-19 pandemic had a mixed impact on the Industrial Radiography Testing market. While the initial lockdowns caused a temporary slowdown in the market due to reduced industrial activities, the need for quality control and inspection in industries led to a surge in demand for radiography testing services.

Industrial Radiography Testing Dynamics

Industrial Radiography Testing is a non-destructive testing method that uses X-rays or gamma rays to inspect the internal structure of materials. The market for radiography testing is driven by factors such as the increasing focus on safety and quality in industries, stringent regulatory requirements, and advancements in imaging technology.

Segments and Related Analysis

The Industrial Radiography Testing market can be segmented based on technology (X-ray and Gamma-ray), type of testing (Film-based and Digital), application (Manufacturing, Aerospace, Automotive, Oil & Gas, and Others), and geography. The adoption of digital radiography testing is increasing due to its efficiency and accuracy compared to traditional film-based methods.

By Region Analysis

The Industrial Radiography Testing market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America and Europe are the leading regions in terms of market share due to the presence of key industry players and stringent quality standards. The Asia Pacific region is expected to witness significant growth due to the expanding industrial sector in countries like China and India.

Key Market Players and Competitive Landscape

Key players in the Industrial Radiography Testing market include GE Measurement & Control, Nikon Metrology, Fujifilm Holdings Corporation, Shimadzu Corporation, and PerkinElmer Inc. These companies are focusing on product innovation, strategic partnerships, and mergers & acquisitions to gain a competitive edge in the market.

Recent happenings in the Industrial Radiography Testing Market

In recent developments, GE Measurement & Control launched a new range of portable radiography testing equipment for onsite inspections. Nikon Metrology announced a partnership with a leading aerospace manufacturer to provide advanced radiography testing solutions. Fujifilm Holdings Corporation introduced a digital radiography system with enhanced image quality for improved defect detection.