Rising Standards for Safety and Quality Control Drive Adoption of Industrial X-Ray Inspection Systems, According to New Report by Global Industry Analysts, Inc.
GIA announces the release of a comprehensive global report on Industrial X-Ray Inspection Systems markets. Global market for Industrial X-Ray Inspection Systems is projected to exceed US$600 million by 2018, primarily driven by tightening product quality standards, growth in developing economies, widening applications and technology advancements.
San Jose, CA (PRWEB) June 06, 2013
Follow us on LinkedIn — Primarily known for their non-intrusive approach to screening, X-ray inspection systems are fast emerging as one of the most important tools in testing applications. Initially, the adoption of X-ray systems for industrial applications remained limited due to their complexity, slow processing speeds, and safety issues. However, upgradation in software, coupled with technical advancement in hardware such as X-ray sources, detectors and tubes, has significantly improved the overall efficiency and ease-of-use of X-ray inspection systems. Consequently, the application range of X-ray systems is fast expanding from R&D to production line testing. With their ability to detect contaminants, defects and inconsistencies in products, X-ray systems are witnessing wide usage across various industries for quality control purposes.
Noted for its benefits and savings, Digital Radiography (DR) is currently one of the most sought after industrial X-ray inspection systems. DR offer several advantages over conventional film radiography systems such as cost savings, improved efficiency, computer-aided image interpretation, as well as capability to conveniently share, archive and retrieve images. Technological advancements such as multifocus and nanofocus systems; FPDs (Flat Panel Detectors); 2D and 3D systems and sophisticated computing software are facilitating the use of these systems in various applications. With its low cost advantage, FPDs are increasingly pushing image intensifiers to the backburner by becoming the most preferred choice in automotive and aerospace industries.
The next-generation systems are equipped with wider screening range, more tunnel sizes, increased portability, high quality resolution, and easy-to-navigate user interface. Advanced technologies such as 4D computed tomography are capable of capturing a varied range of critical internal structures as well as enhancing real time monitoring capabilities. With the integration of more functional elements and 3D structures, Computed Tomography is gaining opportunities in the electronics market for inspection of miniature components. The latest X-ray inspection systems penetrating the food industry come with a host of enhanced features such as multi-lane and multi-view capabilities in addition to user-friendly on screen diagnostics and improved graphical interfaces that enable users to carry on multiple inspection procedures.
As stated by the new market research report on Industrial X-Ray Inspection Systems, Asia-Pacific America represents the largest and fastest growing market worldwide. Buoyed by positive indicators such as increased investment in infrastructure projects, swift recovery of the electronics and manufacturing industry, government safety regulations, and increased investments in R&D, growth opportunities in the region are expected to remain robust.
Despite the present volatile economic conditions and poor investor confidence, X-ray inspection systems market continues to sustain revenue growth, given the diverse end-use spread. While budget sequestration in the US and concerns over debt levels in European countries are expected to restrain revenues from government-funded customers in the near term, the industry continues to gain favor from markets such as the food and electronics sector as companies undertake investment initiatives as a proactive measure to accelerate revenues in the medium-term In Europe, the X-ray inspection devices market continues to be sluggish owing to the prevailing economic slump wherein deferrals in investment in new technologies coupled with inclination towards tested and tried techniques are deterring new order intakes.
Key players covered in the report include 3DX-RAY Ltd., Eriez Manufacturing Co., Mettler-Toledo International Inc., Nikon Metrology NV, Nordson DAGE, North Star Imaging Inc., Shimadzu Corporation, and YXLON International GmbH among others.
The research report titled “Industrial X-Ray Inspection Systems: A Global Strategic Business Report” announced by Global Industry Analysts, Inc., provides a comprehensive review of market trends, issues, drivers, company profiles, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections US$ for major geographic markets including the US, Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of World. Segments analyzed include Computed Tomography (CT), Radiography, and Film-based Systems.
For more details about this comprehensive market research report, please visit — http://www.strategyr.com/Industrial_X_Ray_Inspection_Systems_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world’s largest and reputed market research firms.
Global Industry Analysts, Inc.
Web Site: http://www.StrategyR.com/
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