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(IT-NEWSWIRE.COM, June 07, 2018 ) The radiography test equipment market has been segmented on the basis of technology, end user, and geography. The technologies considered under the study scope include film radiography, computed radiography, digital direct radiography, and computed tomography. End users considered under the study scope are aerospace, energy, automotive, oil & gas, manufacturing, construction, and ‘others’. The ‘others’ segment includes transportation, commercial R&D, foundry, and waste management. The geographical scope of the study includes North America, Europe, Asia-Pacific, and Rest of the World.
The shift from analog toward digital technology has given the industrial radiography market a new lease of life for NDT applications, broadening the scope for X-ray inspection systems beyond traditional applications.
The surge in demand from aerospace and automotive sectors, due to the conformance to high industry standards and safety regulations and mandating testing, and preventive maintenance, is boosting the rate of adoption of radiography testing solutions.
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The fierce competition from ultrasonic systems, high risk of radiation, lack of skilled personnel, especially in the digital radiography, and relative high deployment costs are the factors expected to hinder the growth of the studied market.
Stringent Regulations and Safety Standards are driving the Market Growth
Several governmental agencies and regional bodies, such as the American Society of Mechanical Engineers (ASME) and International Organization for Standardization (ISO), have instituted stringent measures in order to assure the safety of instruments and oversee engineering services testing.
Incidents, like the BP Macondo disaster, the San Bruno pipeline explosion, and the BP Texas City refinery explosion, have further emphasized on the need for safety, environmental sustainability, and regulatory compliances.
Asset owners and operators are continually facing high economic and reputational cost of non-compliance, as the public and regulatory focus on safety increases.
For example, the ISO 13623 mandates certain standards for design, material, fabrication, testing, operation, maintenance, and abandonment of pipeline systems that are employed for transportation in the petroleum and natural gas sectors.
Direct Radiography held a significant market share in 2017
Real-time radiography (RTR) is a well-known traditional method of NDT, having significant applications in aerospace, automotive, pressure vessel, electronic, and munitions industries, among others. The use of RTR is increasing due to a reduction in the cost of the equipment and resolution of issues, such as the protecting and storing digital images. In 2016, the automotive industry held a dominant position in the adoption of inspection systems and accounted for about 28.5% of the total revenue. DR systems are perfectly suited for production environments and can be used for the continuous inspection of hundreds or even thousands of parts per hour. To conform to high industry standards for quality and safety, the need for NDT inspection in the military & defense, and aerospace industry is paramount for, both, manufacturing and maintenance applications.
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North America and Europe are the two largest markets for DR systems from a geographic region perspective, as these regions are the fastest adopters of new technology. A key reason for quicker adoption is the end-user mindset in these regions. Although, they are reluctant to change and there is a certain degree of resistance, the end users understand the advantages of new technology.
Key Developments in the Market
October 2017 - The Comet Group opened its first technology and application center, Lab One in San José, California. With the establishment of this plant, customers now have a direct access to all three of the Group’s core technologies.
January 2017 - Team Penske announced a technical alliance with Nikon Metrology. The NASCAR team used the optical instrumentation to support its technical processes.
Major Players: YXLON INTERNATIONAL, GE MEASUREMENT & CONTROL, NIKON METROLOGY INC., NORTH STAR IMAGING INC., CARESTREAM, AND DÜRR AG, among others.
Reasons to Purchase this Report
A comprehensive coverage of the major factors expected to influence the market growth over the forecast period
The market growth across key applications and a well-rounded perspective of the growth opportunities
A detailed account of the competitive landscape, including vendor-wise market share
The key regional trends expected to influence the market growth over the forecast period
SWOT analysis for the key players and a detailed study of their current strategic interests and key financial performance indicators
3 months of analyst support, along with the Market Estimate sheet (in excel)
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Research Cosmos is an aggregator of syndicated and bespoke market research, business intelligence and consulting services on gamut of sectors across the globe. We’re associated with world renowned publishers who when combined, serve hundreds of fortune listed companies and publish wide range of insightful reports which cover nook and corner of every industry vertical.
Research Cosmos
Dani Rodriguez
+1 888 709 8757
dani@researchcosmos.com
Source: EmailWire.Com 
Source: EmailWire.com
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