Industrial RT for Non-Destructive Testing Market by Component and Application - Opportunity Analysis and Industry Forecast, 2014-2022

  • ID: 4580525
  • Report
  • 464 pages
  • Allied Analytics LLP
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Industrial radiography testing (RT) is a method of non-destructive testing, which examines the internal structure and integrity of the specimen and its components. RT aids in identification of hidden defects or discontinuities in the product/material. RT systems utilize gamma rays produced by a radioactive isotope or X-rays produced by an X-ray tube for non-destructive inspection or testing. The type of rays to be used depends on the size and thickness of the object. These RT systems are composed of detectors, source, controllers, display device, and a container of different shapes that contains other portable or stationary devices. In addition, these systems are expected to have a transformative effect on construction products, manufacturing applications, automotive, defense applications, and others in the coming future.

Increase in oil & gas and power generation projects, stringent safety government regulations, and rise in need for extending the life of obsolete infrastructure drive the growth of the global industrial RT for non-destructive testing (NDT) market. However, the time-consuming nature of the RT system and high implementation cost restrain this market growth. Increase in demand for radiography testers by automotive manufacturers to produce high-quality products with tighter tolerances is expected to provide lucrative opportunities for market expansion.

The global industrial RT for non-destructive testing market is segmented based on system type, service type, application, and region. The system type segment is divided into portable NDT, automatic X-ray inspection (AXI) system, X-ray inspection system, security check system, and computed tomography (CT) system.

By service type, the market is classified into inspection & testing service, consulting service, and training service. Applications covered in the study include aerospace & defense, automotive, construction, electronics & semiconductors, energy & power, explosive ordnance disposal (EOD) & improvised explosive device (IED), heavy industries, manufacturing, marine, oil & gas, security, transportation, food, drugs & drinks, and others. Based on region, the market is analyzed across North America (U.S., Mexico, and Canada), Latin America (Brazil, Others), Europe (UK, Germany, France, Russia, and others), Middle East (Saudi Arabia, Iran, and Others), China, Japan, Asia (India, Taiwan, Korea, and Others), Oceania (Australia, and Others), and Africa, and others.

Major companies profiled in the report include as Vitrox Corporation Berhad, Shimadzu corporation, Anritsu, Nagoya electric Works CO., LTD, Yxlon international, Smiths Detection, ADANI, Rapiscan Systems, DuRR NDT GmbH & Co. KG, Krystalvision Image Systems Pvt. Ltd, Saki Corporation, North Star Imaging, Inc., Computerised Information Technology Ltd., RayScan Technologies GmbH, VJ Group, Inc., Metrix NDT Ltd, Nikon Metrology, Omron, Teledyne ICM, Vidisco, Zetec, 3DX-RAY, COMET Group, and Olympus.

KEY BENEFITS FOR STAKEHOLDERS

This study includes the analytical depiction of the Industrial RT for non-destructive testing market along with current trends and future estimations to determine the imminent investment pockets.
The report presents information regarding key drivers, restraints, and opportunities.
The current market is quantitatively analyzed from 2014 to 2022 to highlight the financial competency of the industry.
Porter’s Five Forces analysis illustrates the potency of the buyers and suppliers in the industrial RT industry.

KEY MARKET SEGMENTS

By System Type

Portable NDT
Automatic X-ray Inspection (AXI) System
X-ray Inspection System
Security Check System
Computed Tomography (CT) System

By Application

Aerospace & Defense
Automotive
Construction
Electronics & Semiconductors
Energy & Power
Explosive Ordnance Disposal (EOD) &
Improvised Explosive Device (IED)
Heavy Industries

By Service Type

Inspection & Testing Service
Consulting Service
Training Service
Manufacturing
Marine
Oil & Gas
Security
Transportation
Food, Drugs, & Drinks
Others (Archaeology and Forensics

By Geography

North America
U.S.
Canada
Mexico
Latin America
Brazil
Others
Europe
UK
Germany
France
Russia
Others
Middle East
Saudi Arabia
Iran
Others
China
Japan
Asia
India
Taiwan
Korea
Others
Oceania
Australia
Others
Africa and Others
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CHAPTER 1 INTRODUCTION
1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

CHAPTER 2 EXECUTIVE SUMMARY
2.1. CXO PERSPECTIVE

CHAPTER 3 MARKET OVERVIEW
3.1. MARKET DEFINITION AND SCOPE
3.2. PORTERS FIVE FORCES ANALYSIS
3.2.1. Bargaining power of buyers
3.2.2. Bargaining power of suppliers
3.2.3. Threat of substitutes
3.2.4. Threat of new entrants
3.2.5. Intensity of competitive rivalry
3.3. PESTLE ANALYSIS
3.4. MARKET DYNAMICS
3.4.1. Drivers
3.4.1.1. Increase in applications of NDT in oil & gas and nuclear power sectors
3.4.1.2. Stringent safety government regulations
3.4.1.3. Optimizing maintenance process in industries to ensure safety and improve efficiency of machines
3.4.2. Restraint
3.4.2.1. Lack of skilled and qualified professionals
3.4.3. Opportunity
3.4.3.1. Increase in demand for automated testing systems
3.5. MARKET & TECHNOLOGY TRENDS
3.6. MARKET SHARE ANALYSIS, 2016
3.6.1. Player market share,2016
3.6.2. List of main product models of main players.

CHAPTER 4 INDUSTRIAL RT FOR NON-DESTRUCTIVE TESTING MARKET, BY SYSTEM TYPE
4.1. OVERVIEW
4.1.1. Market size and forecast
4.2. PORTABLE NDT
4.2.1. Introduction
4.2.2. Key market trends, growth factors, and opportunities
4.2.3. Market size and forecast
4.3. AUTOMATIC X-RAY INSPECTION (AXI) SYSTEM
4.3.1. Introduction
4.3.2. Key market trends, growth factors, and opportunities
4.3.3. Market size and forecast
4.4. X-RAY INSPECTION SYSTEM
4.4.1. Introduction
4.4.2. Key market trends, growth factors, and opportunities
4.4.3. Market size and forecast
4.5. SECURITY CHECK SYSTEM
4.5.1. Introduction
4.5.2. Key market trends, growth factors, and opportunities
4.5.3. Market size and forecast
4.6. COMPUTED TOMOGRAPHY (CT) SYSTEM
4.6.1. Introduction
4.6.2. Key market trends, growth factors, and opportunities
4.6.3. Market size and forecast

CHAPTER 5 INDUSTRIAL RT FOR NON-DESTRUCTIVE TESTING MARKET, BY SERVICE
5.1. OVERVIEW
5.1.1. Market size and forecast
5.2. INSPECTION & TESTING SERVICE
5.2.1. Introduction
5.2.2. Key market trends, growth factors, and opportunities
5.2.3. Market size and forecast
5.3. CONSULTING SERVICE
5.3.1. Introduction
5.3.2. Key market trends, growth factors, and opportunities
5.3.3. Market size and forecast
5.4. TRAINING SERVICE
5.4.1. Introduction
5.4.2. Key market trends, growth factors, and opportunities
5.4.3. Market size and forecast

CHAPTER 6 INDUSTRIAL RT FOR NON-DESTRUCTIVE TESTING MARKET, BY APPLICATION
6.1. OVERVIEW
6.1.1. Market size and forecast
6.2. AEROSPACE & DEFENSE
6.2.1. Introduction
6.2.2. Key market trends, growth factors, and opportunities
6.2.3. Market size and forecast
6.3. AUTOMOTIVE
6.3.1. Introduction
6.3.2. Key market trends, growth factors, and opportunities
6.3.3. Market size and forecast
6.4. CONSTRUCTION
6.4.1. Introduction
6.4.2. Key market trends, growth factors, and opportunities
6.4.3. Market size and forecast
6.5. ELECTRONICS & SEMICONDUCTORS
6.5.1. Introduction
6.5.2. Key market trends, growth factors, and opportunities
6.5.3. Market size and forecast
6.6. ENERGY & POWER
6.6.1. Introduction
6.6.2. Key market trends, growth factors, and opportunities
6.6.3. Market size and forecast
6.7. EXPLOSIVE ORDNANCE DISPOSAL (EOD) & IMPROVISED EXPLOSIVE DEVICE (IED)
6.7.1. Introduction
6.7.2. Key market trends, growth factors, and opportunities
6.7.3. Market size and forecast
6.8. HEAVY INDUSTRIES
6.8.1. Introduction
6.8.2. Key market trends, growth factors, and opportunities
6.8.3. Market size and forecast
6.9. MANUFACTURING
6.9.1. Introduction
6.9.2. Key market trends, growth factors, and opportunities
6.9.3. Market size and forecast
6.10. MARINE
6.10.1. Introduction
6.10.2. Key market trends, growth factors, and opportunities
6.10.3. Market size and forecast
6.11. OIL & GAS
6.11.1. Introduction
6.11.2. Key market trends, growth factors, and opportunities
6.11.3. Market size and forecast
6.12. SECURITY
6.12.1. Introduction
6.12.2. Key market trends, growth factors, and opportunities
6.12.3. Market size and forecast
6.13. TRANSPORTATION
6.13.1. Introduction
6.13.2. Key market trends, growth factors, and opportunities
6.13.3. Market size and forecast
6.14. FOOD, DRUGS & DRINKS
6.14.1. Introduction
6.14.2. Key market trends, growth factors, and opportunities
6.14.3. Market size and forecast
6.15. OTHERS (ARCHAEOLOGY, FORENSICS, AND OTHERS)
6.15.1. Introduction
6.15.2. Key market trends, growth factors, and opportunities
6.15.3. Market size and forecast

CHAPTER 7 INDUSTRIAL RT FOR NON-DESTRUCTIVE TESTING MARKET, BY GEOGRAPHY
7.1. OVERVIEW
7.2. NORTH AMERICA
7.2.1. Introduction
7.2.2. Key market trends, growth factors, and opportunities
7.2.3. Market size and forecast
7.2.4. U.S.
7.2.4.1. Market size and forecast
7.2.5. Canada
7.2.5.1. Market size and forecast
7.2.6. Mexico
7.2.6.1. Market size and forecast
7.3. LATIN AMERICA
7.3.1. Introduction
7.3.2. Key market trends, growth factors, and opportunities
7.3.3. Market size and forecast
7.3.4. Brazil
7.3.4.1. Market size and forecast
7.3.5. Others
7.3.5.1. Market size and forecast
7.4. EUROPE
7.4.1. Introduction
7.4.2. Key market trends, growth factors, and opportunities
7.4.3. Market size and forecast
7.4.4. UK
7.4.4.1. Market size and forecast
7.4.5. Germany
7.4.5.1. Market size and forecast
7.4.6. France
7.4.6.1. Market size and forecast
7.4.7. Russia
7.4.7.1. Market size and forecast
7.4.8. Others
7.4.8.1. Market size and forecast
7.5. MIDDLE EAST
7.5.1. Introduction
7.5.2. Key market trends, growth factors, and opportunities
7.5.3. Market size and forecast
7.5.4. Saudi Arabia
7.5.4.1. Market size and forecast
7.5.5. Iran
7.5.5.1. Market size and forecast
7.5.6. Others
7.5.6.1. Market size and forecast
7.6. CHINA
7.6.1. Introduction
7.6.2. Key market trends, growth factors, and opportunities
7.6.3. Market size and forecast
7.7. JAPAN
7.7.1. Introduction
7.7.2. Key market trends, growth factors, and opportunities
7.7.3. Market size and forecast
7.8. ASIA
7.8.1. Introduction
7.8.2. Key market trends, growth factors, and opportunities
7.8.3. Market size and forecast
7.8.4. India
7.8.4.1. Market size and forecast
7.8.5. Taiwan
7.8.5.1. Market size and forecast
7.8.6. Korea
7.8.6.1. Market size and forecast
7.8.7. Others
7.8.7.1. Market size and forecast
7.9. OCEANIA
7.9.1. Introduction
7.9.2. Key market trends, growth factors, and opportunities
7.9.3. Market size and forecast
7.9.4. Australia
7.9.4.1. Market size and forecast
7.9.5. Others
7.9.5.1. Market size and forecast
7.10. AFRICA AND OTHERS
7.10.1. Introduction
7.10.2. Key market trends, growth factors, and opportunities
7.10.3. Market size and forecast
7.10.4. Africa
7.10.4.1. Market size and forecast
7.10.5. Others
7.10.5.1. Market size and forecast

CHAPTER 8 COMPANY PROFILES
8.1. VITROX CORPORATION BERHAD
8.1.1. Company overview
8.1.2. Business Performance
8.1.3. Sales and services channel
8.2. SHIMADZU CORPORATION
8.2.1. Company overview
8.2.2. Business Performance
8.2.3. Sales and services channel
8.3. ANRITSU
8.3.1. Company overview
8.3.2. Business Performance
8.3.3. Sales and services channel
8.4. NAGOYA ELECTRIC WORKS CO., LTD.
8.4.1. Company overview
8.4.2. Business Performance
8.4.3. Sales and services channel
8.5. YXLON INTERNATIONAL
8.5.1. Company overview
8.5.2. Business Performance
8.5.3. Sales and services channel
8.6. SMITHS DETECTION
8.6.1. Company overview
8.6.2. Business Performance
8.6.3. Sales and services channel
8.7. ADANI
8.7.1. Company overview
8.7.2. Business Performance
8.7.3. Sales and services channel
8.8. RAPISCAN SYSTEMS
8.8.1. Company overview
8.8.2. Business Performance
8.8.3. Sales and services channel
8.9. DURR NDT GMBH & CO. KG
8.9.1. Company overview
8.9.2. Business Performance
8.9.3. Sales and services channel
8.10. KRYSTALVISION IMAGE SYSTEMS PVT. LTD.
8.10.1. Company overview
8.10.2. Business Performance
8.10.3. Sales and services channel
8.11. SAKI CORPORATION
8.11.1. Company overview
8.11.2. Business Performance
8.11.3. Sales and services channel
8.12. NORTH STAR IMAGING, INC.
8.12.1. Company overview
8.12.2. Business Performance
8.12.3. Sales and services channel
8.13. COMPUTERISED INFORMATION TECHNOLOGY LTD.
8.13.1. Company overview
8.13.2. Business Performance
8.13.3. Sales and services channel
8.14. RAYSCAN TECHNOLOGIES GMBH
8.14.1. Company overview
8.14.2. Business Performance
8.14.3. Sales and services channel
8.15. VJ GROUP, INC.
8.15.1. Company overview
8.15.2. Business Performance
8.15.3. Sales and services channel
8.16. METRIX NDT LTD
8.16.1. Company overview
8.16.2. Business performance
8.17. NIKON METROLOGY
8.17.1. Company overview
8.17.2. Business performance
8.17.3. Sales and service channels
8.18. OMRON
8.18.1. Company overview
8.18.2. Business performance
8.18.3. Sales and service channels
8.19. TELEDYNE ICM
8.19.1. Company overview
8.19.2. Business Performance
8.19.3. Sales and services channel
8.20. VIDISCO
8.20.1. Company overview
8.20.2. VIDISCO: Business performance
8.21. ZETEC
8.21.1. Company overview
8.21.2. Business performance
8.21.3. Sales and service channels
8.22. 3DX-RAY
8.22.1. Company overview
8.22.2. Business performance
8.22.3. Sales and service channels
8.23. BRUKER
8.23.1. Company overview
8.23.2. Business performance
8.23.3. Sales and service channels
8.24. COMET GROUP
8.24.1. Company overview
8.24.2. Business performance
8.24.3. Sales and service channels
8.25. OLYMPUS
8.25.1. Company overview
8.25.2. Business performance
8.25.3. Sales and service channels
8.26. NOVO DR LTD.
8.26.1. Company overview
8.26.2. Business performance
8.26.3. Sales and service channels
8.27. LOGOS IMAGING LLC
8.27.1. Company overview
8.27.2. Business performance
8.27.3. Sales and service channels
8.28. NUCTECH COMPANY LIMITED
8.28.1. Company overview
8.28.2. Business performance
8.28.3. Sales and service channels
8.29. KUB TECHNOLOGIES, INC.
8.29.1. Company overview
8.29.2. Business performance
8.29.3. Sales and service channels
8.30. MULTIVAC
8.30.1. Company overview
8.30.2. Business performance
8.30.3. Sales and services channel
8.31. YAMAHA MOTOR CO., LTD.
8.31.1. Company overview
8.31.2. Business Performance
8.31.3. Sales and services channel
8.32. ISHIDA CO., LTD.
8.32.1. Company overview
8.32.2. Business Performance
8.32.3. Sales and services channel
8.33. TEST RESEARCH, INC.
8.33.1. Company overview
8.33.2. Business Performance
8.33.3. Sales and services channel
8.34. RIGAKU CORPORATION
8.34.1. Company overview
8.34.2. Business Performance
8.34.3. Sales and services channel
8.35. X-RIS
8.35.1. Company overview
8.35.2. Business Performance
8.35.3. Sales and services channel
8.36. XAVIS
8.36.1. Company overview
8.36.2. Business Performance
8.36.3. Sales and services channel
8.37. MARIETTA NDT
8.37.1. Company overview
8.37.2. Business Performance
8.37.3. Sales and services channel
8.38. PONY INDUSTRY
8.38.1. Company overview
8.38.2. Business Performance
8.38.3. Sales and services channel
8.39. CARL ZEISS
8.39.1. Company overview
8.39.2. Sales and Service Channel
8.40. TOSHIBA IT & CONTROL SYSTEMS CORPORATION
8.40.1. Company overview
8.40.2. Business Performance
8.40.3. Sales and Service Channel
8.41. SCANNA MSC
8.41.1. Company overview
8.41.2. Business Performance
8.41.3. Sales and services channel
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According to a recent report titled, Global Industrial RT for Non-Destructive Testing Market by Component and Application: Opportunity Analysis and Industry Forecast, 2014-2022, the Industrial RT for non-destructive testing market size was valued at $491 million in 2014, and is projected to reach at $1,088 million by 2022, growing at a CAGR of 10.1% from 2016 to 2022.

RT system is used for testing materials for defects to avoid equipment failure. These systems are used to maximize the efficiency of a product. Radiographic testing is conducted under stringent settings to avoid mishaps, without contaminating the tested products. It acts as a preventative measure in industries utilizing volatile or high-pressure equipment and machinery. In addition, RT systems are ensure reliability of equipment by eliminating the risk of oversight or inaccuracy. Thus, the impact of this factor is high, and is expected to maintain its effects of the market growth during the forecast period.

The aerospace & defense and oil & gas sectors constituted the largest market share in 2015, owing to the presence of large shale oil & gas reserves in countries such as the U.S., the UK, Germany, China, France, and Italy. Surge in operations in the aerospace & defense sector, particularly in the testing sector of the U.S. drives the RT system market, as NDT inspection plays a vital role in the functioning of aircrafts, satellites, and others. Presently, portable NDT segment holds the largest market share, as the adoption of computed tomography is expected to increase over the next five years due to enhanced accuracy and efficiency.

North America is projected to hold the largest market size in the global industrial RT for NDT market. The Asia-Pacific market is in its growth phase, owing to increase in infrastructure projects and power plants.

In 2014, Portable NDT account for 34%, owing to its ability to detect internal and hidden defect/discontinuity along with its high penetrating power and accuracy. However, computed tomography system segment is anticipated to witness significant growth in the coming years, owing to its high accuracy and efficiency.

The inspection and testing segment held the largest market share of 52% in 2014, and is expected to grow at a CAGR of 9.9% during the forecast period.

In 2015, aerospace & defense sector contributed a significant revenue share of over 13.5% in the overall market.

Key findings of the Industrial RT For Non-destructive Testing Market:

Portable NDT are projected to continue to maintain their leading position during the forecast period.
Aerospace & defense application would continue to maintain its leading position till 2022.
North America region is expected to exhibit promising growth rate over the forecast period.

The key players profiled in the report include Vitrox Corporation Berhad, Shimadzu corporation, Anritsu, Nagoya electric Works CO., LTD, Yxlon international, Smiths Detection, ADANI, Rapiscan Systems, DuRR NDT GmbH & Co. KG, Krystalvision Image Systems Pvt. Ltd, Saki Corporation, North Star Imaging, Inc., Computerised Information Technology Ltd., RayScan Technologies GmbH, VJ Group, Inc., Metrix NDT Ltd, Nikon Metrology, Omron, Teledyne ICM, Vidisco, Zetec, 3DX-RAY, COMET Group, and Olympus, among others. These market players focus on the development of new technology, launch of novel products with innovative variations, and adoption of partnership and collaboration as key strategies in order to establish their position in the market.
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