Global Industrial Computed Tomography Market

Industrial Computed Tomography Market Size, Share, Growth Analysis, By Offering(Equipment, Line Beam Scanners), By Application(Flaw Detection & Inspection, Failure Analysis), By Vertical(Oil & Gas, Aerospace and Defense) - Industry Forecast 2024-2031

Report ID: SQMIG15E2411 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 95 | Figures: 66

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Industrial Computed Tomography Market size was valued at USD 339.52 million in 2021 and is poised to grow from USD 360.23 million in 2022 to USD 578.50 million by 2030, growing at a CAGR of 6% in the forecast period (2023-2030).

The market for industrial CT equipment and services is moderately consolidated and expected to face high competition due to the presence of numerous providers. Prominent players in the market are adopting innovative strategies and focusing on product development to gain a competitive advantage. For instance, in May 2022, Shimadzu Corporation, based in Japan, introduced the XSeeker 8000, a compact and lightweight X-ray CT system capable of producing images of various samples, including aluminum die-cast and resin-molded parts. Through this product launch, the company aimed to enhance its offerings and meet the evolving needs of its customers. 'Nikon Metrology NV', 'OMRON Corp.', 'Baker Hughes Company', 'YXLON International', 'ZEISS Group', 'VJ Group', 'Rigaku Corp.', 'Shimadzu Corp.', 'Werth, Inc.', 'North Star Imaging, Inc.'

The increasing use of additive manufacturing in various industries is driving the demand for industrial computed tomography. CT scanning enables non-destructive testing and validation of complex 3D printed parts.

Increased Applications in Research and Development:: The industrial CT market is expanding its applications in research and development activities. CT scanning is being used to study and analyze materials, components, and prototypes during the product development phase. This enables manufacturers to identify flaws, optimize designs, and improve product performance, ultimately reducing time-to-market and development costs.

In 2022, Asia Pacific emerged as the dominant region in the industrial CT market, holding a revenue share of 33.6%. It is projected to experience the fastest CAGR of 8.2% throughout the forecast period. The region boasts prominent market players like Nikon Corporation, OMRON Corporation, and Shimadzu Corporation, and benefits from high manufacturing activities in countries such as China, Japan, and India. The significant share in Manufacturing Value Added (MVA) held by Asia & Oceania, as reported by United Nations Industrial Development Organization (UNIDO), further drives market growth in the region.

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Global Industrial Computed Tomography Market

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