According to the research report titled ‘Global Industrial Radiography Market Size study, By Type (Film-based Radiography, Digital Radiography), By End-User (Petrochemical & Gas, Power Generation, Manufacturing, Aerospace, Automotive & Transportation), and Regional Forecasts 2022-2028’, available with MarketStudyReport, global industrial radiography market was worth USD 575.09 billion in 2021 and is anticipated to register 8.1% CAGR during the forecast period to reach USD 992.01 billion by the year 2028.

Seasoned analysts cite that global industrial radiography market growth is creditable to booming automotive and aerospace industries, increased inspection accuracy due to the integration of cutting-edge software, and strict government regulations.

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For instance, according to Crescendo Worldwide, the global automotive industry grew by about 3% in 2018, and it is anticipated that annual auto sales will total to 110 million units by 2022.

For the unversed, industrial radiography is a non-destructive testing technique that examines the parts and materials using ionization radiation to find & measure flaws and deterioration in the quality that might cause engineering constructions to fail. In
manufacturing facilities, surface contamination of products as well as cracks and faults are found using industrial radiography.

Furthermore, increasing economical advancements and rising R&D investments are expected to bolster industry outlook in the coming years.

However, the high deployment costs of the equipment, and concerns about radiation risk associated with utilization of X-Rays and gamma rays may stifle market expansion during the stipulated timeframe.

Based on type terrain, worldwide industrial radiography marketplace is divided into digital radiography and film-based radiography. In terms of end-user scope, the industry is branched into automotive & transportation, aerospace, manufacturing, power generation, and petrochemical & gas.

Regionally, Europe accounts for a significant industry share at present, owing to expanding government support, and rising investments in R&D activities. Whereas Asia Pacific market is slated to grow decently over the analysis timeframe, on the back of flourishing end-user sectors, and presence of developing nations like China and India.

Coming onto the competitive terrain, Comet Holding AG, Nikon Corporation, Mettler-Toledo International Inc., Shimadzu Corporation, FUJIFILM Holdings Corporation, PerkinElmer Inc., General Electric Company, Anritsu Corporation, Bosello High Technology S.r.l., and 3DX-RAY Ltd. are the leading players in global industrial radiography market.