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Industrial Radiography Testing - Global Market Trajectory & Analytics

  • ID: 4805805
  • Report
  • April 2021
  • Region: Global
  • 199 Pages
  • Global Industry Analysts, Inc
Global Industrial Radiography Testing Market to Reach $1.6 Billion by 2027

Amid the COVID-19 crisis, the global market for Industrial Radiography Testing estimated at US$977.5 Million in the year 2020, is projected to reach a revised size of US$1.6 Billion by 2027, growing at a CAGR of 7.1% over the analysis period 2020-2027. Aerospace & Defense, one of the segments analyzed in the report, is projected to record a 8.2% CAGR and reach US$213.2 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Energy & Power segment is readjusted to a revised 6.5% CAGR for the next 7-year period.

The U.S. Market is Estimated at $264.3 Million, While China is Forecast to Grow at 10.9% CAGR

The Industrial Radiography Testing market in the U.S. is estimated at US$264.3 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$350.3 Million by the year 2027 trailing a CAGR of 10.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.9% and 6.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.6% CAGR.

Construction Segment to Record 7.5% CAGR

In the global Construction segment, USA, Canada, Japan, China and Europe will drive the 6.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$81 Million in the year 2020 will reach a projected size of US$129.4 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$217.2 Million by the year 2027, while Latin America will expand at a 8.9% CAGR through the analysis period.

Select Competitors (Total 43 Featured):
  • American Testing Services
  • Applied Technical Services, Inc.
  • Comet Holding AG (Comet Group)
  • GE Measurement & Control
  • Hamamatsu Photonics KK
  • Intertek Group PLC
  • Mistras Group, Inc.
  • Nikon Metrology NV
  • Rigaku Americas Holding Company, Inc.
  • TEAM Industries
  • Teledyne DALSA, Inc.
  • YXLON International GmbH
Frequently Asked Questions about the Global Market for Industrial Radiography Testing

What is the estimated value of the Global Market for Industrial Radiography Testing?

The Global Market for Industrial Radiography Testing was estimated to be valued at $977.5 Million in 2020.

What is the growth rate of the Global Market for Industrial Radiography Testing?

The growth rate of the Global Market for Industrial Radiography Testing is 7.3%, with an estimated value of $1600.0 Million by 2027.

What is the forecasted size of the Global Market for Industrial Radiography Testing?

The Global Market for Industrial Radiography Testing is estimated to be worth $1600.0 Million by 2027.
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  • Influencer Market Insights
  • World Market Trajectories
  • Industrial Radiography Testing to Register Rapid Growth
  • Impact of Covid-19 and a Looming Global Recession
  • Various Strategies from Select Players
  • Wide Range of Applications to Bode Well for the Market
  • Steady Growth in Demand for CT Scanners to Bode Well for Industrial Radiography Testing Market
  • Rising Demand for Air Passengers to Support Market Growth
  • Exhibit 1: Total Global Passengers in Billions: 2016 - 2036
  • Growth in Automotive Industry to Support Market Growth

  • Active Players in United States
  • Active Players in Canada
  • Active Players in Japan
  • Active Players in China
  • Active Players in France
  • Active Players in Germany
  • Active Players in Italy
  • Active Players in United Kingdom
  • Active Players in Spain
  • Active Players in Russia
  • Active Players in Rest of Europe
  • Active Players in Australia
  • Active Players in India
  • Active Players in South Korea
  • Active Players in Rest of Asia-Pacific
  • Active Players in Argentina
  • Active Players in Brazil
  • Active Players in Mexico
  • Active Players in Rest of Latin America
  • Active Players in Iran
  • Active Players in Israel
  • Active Players in Saudi Arabia
  • Active Players in United Arab Emirates
  • Active Players in Rest of Middle East
  • Active Players in Africa

  • Total Companies Profiled: 43
Note: Product cover images may vary from those shown