Press Release

Industrial Computed Tomography Market to Grow with a CAGR of 8% Globally through to 2028

Global Industrial Computed Tomography Market is rising due to the growing demand for non-destructive testing and inspection solutions across various industries in the forecast period 2024-2028.

 

According to TechSci Research report, “Global Industrial Computed Tomography Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, Global Industrial Computed Tomography Market has valued at USD 670 Million in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 8% through 2028. The Global Industrial Computed Tomography (CT) Market is experiencing significant growth driven by its indispensable role in non-destructive testing and inspection across diverse industries. Industrial CT technology enables three-dimensional visualization of the internal structures of objects, aiding in the identification of defects, faults, and quality control. Its widespread adoption is observed in automotive, aerospace, electronics, and manufacturing sectors, where precision and reliability are paramount. The market's expansion is further fueled by the continuous evolution of CT scanners, offering higher resolutions and faster scanning speeds, enhancing efficiency and accuracy. Moreover, stringent industry regulations and the imperative need for quality assurance are propelling the demand for industrial CT solutions. As industries strive to minimize production errors and ensure the integrity of their products, the versatility and advanced capabilities of industrial CT systems make them a preferred choice. With the ever-increasing emphasis on product quality and safety, the Global Industrial Computed Tomography Market is poised for sustained growth, as it addresses these critical requirements and becomes an integral part of modern manufacturing and inspection processes.

 

Browse over 26 market data Figures spread through 91 Pages and an in-depth TOC on "Global Industrial Computed Tomography Market”.

 

The global industrial computed tomography (CT) market has witnessed significant growth in recent years, driven by advancements in technology and increasing demand for non-destructive testing solutions across various industries. Computed tomography, also known as CT scanning, is a powerful imaging technique that uses X-ray technology to create detailed cross-sectional images of objects. It provides valuable insights into the internal structure and composition of materials, enabling manufacturers to detect defects, measure dimensions, and analyze the quality of their products.One of the key factors contributing to the growth of the industrial CT market is the rising adoption of CT scanning in the automotive industry. With the increasing complexity of automotive components and the need for stringent quality control, manufacturers are turning to CT scanning to ensure the reliability and safety of their products. CT scanning allows for the inspection of internal structures, such as engine components, airbags, and fuel injectors, without the need for disassembly. This not only saves time and cost but also improves the overall efficiency of the manufacturing process. Moreover, the aerospace and defense sector is also driving the demand for industrial CT scanning. The aerospace industry requires precise and accurate inspection of critical components, such as turbine blades, composite materials, and welds, to ensure the structural integrity of aircraft. CT scanning provides a non-destructive testing method that can detect internal defects, such as voids, cracks, and delamination, with high accuracy. This enables manufacturers to identify potential issues early on and take corrective measures, thereby enhancing the safety and reliability of aerospace products.

In addition to automotive and aerospace, the industrial CT market is witnessing growth in other sectors as well. The healthcare industry, for instance, is increasingly adopting CT scanning for medical device manufacturing and research purposes. CT scanning allows for the visualization and analysis of complex anatomical structures, aiding in the development of innovative medical devices and improving patient care. Furthermore, the electronics industry is utilizing CT scanning to inspect printed circuit boards, semiconductor packages, and other electronic components, ensuring the quality and reliability of electronic devices. Geographically, North America and Europe dominate the industrial CT market, owing to the presence of key market players, technological advancements, and the high adoption rate of CT scanning in various industries. However, the Asia-Pacific region is expected to witness significant growth in the coming years, driven by the rapid industrialization, increasing investments in infrastructure development, and the growing demand for quality control solutions in countries like China, Japan, and India.

In conclusion, the global industrial CT market is experiencing robust growth, fueled by the increasing need for non-destructive testing solutions across various industries. The automotive, aerospace, healthcare, and electronics sectors are the key drivers of this growth, as they rely on CT scanning for quality control, defect detection, and dimensional analysis. With ongoing technological advancements and expanding applications, the industrial CT market is poised for further expansion in the future, offering immense opportunities for market players and contributing to the overall growth of the global economy.

The Global Industrial Computed Tomography Market is segmented into Offering, Type, Scanning Technique, Application, Vertical, regional distribution, and company.

Based on its Application, in terms of application, the market is classified into failure analysis, assembly analysis, flaw detection and inspection, dimensioning and tolerancing analysis, and others. The flaw detection and inspection segment held the maximum share in the market, with a share of 25.0% in 2022, and is expected to witness the highest CAGR of 8.6% throughout the forecast period.

The increasing need for inspection of the products to detect any flaw, crack, damage, or variation from the designed product has been the key driver for the high share of this segment. Using industrial CT systems for product inspections helps the manufacturer considerably reduce production/manufacturing costs. In addition, industrial CT scanners can quickly test and analyze minor defects that are not efficiently and effectively traceable using traditional inspection methods.

The assembly analysis segment is anticipated to grow at a CAGR of 7.2% throughout the forecast period. Assembly analysis is increasingly being used in industries such as automotive, aerospace, and electronics, which require the inspection and analysis of the assembled products to gain insights into the placement and condition of smaller/minor internal components without disassembling or destroying the product. Computed tomography can help in detecting incorrectly assembled or missing components.

Based on region, Asia Pacific dominated the overall market in 2022, with a revenue share of 33.6%. It is expected to grow at the fastest CAGR of 8.2% throughout the forecast period. Asia Pacific has prominent market players such as Japan-based Nikon Corporation, OMRON Corporation, and Shimadzu Corporation. High manufacturing activities, especially in countries such as China, Japan, and India, are driving market growth in the region. According to United Nations Industrial Development Organization (UNIDO)’s world manufacturing production quarterly report, in the fourth quarter of 2022, Asia & Oceania held a share of 51% in global Manufacturing Value Added (MVA).

North America is expected to grow at a considerable CAGR of 7.6% during the forecast period. North America has a developed technology infrastructure and presence of industrial CT market players such as U.S.-based Baker Hughes Company and North Star Imaging Inc. (Illinois Tool Works Inc.). The increasing number of investments in the adoption of new & advanced technologies by key industry players is expected to drive the regional market growth. Moreover, North America has a presence of several industrial CT inspection services providers, such as Canada-based Jesse Garant Metrology Center and U.S.-based Exact Metrology.

 

Major companies operating in Global Industrial Computed Tomography Market are:

  • Nikon Corporation
  • OMRON Corporation
  • Baker Hughes Company
  • Comet Group
  • ZEISS Group
  • Shimadzu Corporation
  • North Star Imaging Inc. (Illinois Tool Works Inc.)
  • Werth Inc.
  • Rigaku Corporation
  • VJ Technologies

 

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“The global industrial computed tomography (CT) market has been witnessing significant growth due to technological advancements and the rising demand for non-destructive testing solutions across industries. CT scanning, also known as computed tomography, utilizes X-ray technology to create detailed cross-sectional images of objects, providing valuable insights into their internal structure and composition. The automotive industry's increasing adoption of CT scanning for quality control purposes, without the need for disassembly, has contributed to market growth. Similarly, the aerospace and defense sector rely on CT scanning to ensure the structural integrity of critical components, enhancing safety and reliability. Other sectors, such as healthcare and electronics, are also adopting CT scanning for medical device manufacturing, research, and quality control purposes. While North America and Europe currently dominate the market, the Asia-Pacific region is expected to witness significant growth due to rapid industrialization and infrastructure development. Overall, the industrial CT market is poised for further expansion, offering opportunities for market players, and contributing to global economic growth.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

Industrial Computed Tomography Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Offering (Equipment, Services), By Type (High-voltage CT, Micro CT, Others), By Scanning Technique (Fan-beam CT, Cone-beam CT, Others), By Application (Flaw Detection and Inspection, Failure Analysis, Assembly Analysis, Dimensioning and Tolerancing Analysis, Others), By Vertical (Oil & Gas, Aerospace and Defense, Automotive, Electronics, Others), By Region, By Competition”, has evaluated the future growth potential of Global Industrial Computed Tomography Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Industrial Computed Tomography Market.

 

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