Industrial Computed Tomography Equipment Market | High Demand from the Auto Industry to Drive Growth
Baker Hughes Co., Bruker Corp., Carl Zeiss AG, General Electric Co., Illinois Tool Works Inc., Nikon Corp., OMRON Corp., and ProCon X Ray GmbH are some of the key market vendors
The Global Industrial computed tomography (CT) equipment market is projected to grow by $ 51.50 million, accelerating at a CAGR of almost 3.63% till 2025 owing to factors such as technological benefits of using industrial CT. 3D CT reconstruction models can be directly compared with CAD models and other CT models to display differences or similarities in measurements, densities, and voids. There are several improvements in modern industrial computed tomography equipment scanning which make it a more viable option for inspection applications.
In addition, renewed demand from the oil and gas sector is a key trend that is expected to drive market growth. The use of portable industrial computed tomography equipment offers flexibility with respect to carrying out inspection activities in different locations and positions. Similarly, for pipelines, portable CT equipment can be used at different pipeline points for inspection. The automotive and aerospace industries can also benefit from the adoption of portable radiography equipment. The equipment used for testing minute components needs to be small and portable.
This research report delineates all the growth drivers that will boost market growth along with a detailed analysis of the market segments, trends and challenges that are likely to impact market growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.
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Industrial Computed Tomography Equipment Market: Segments and Geographical Regions
- This report segments the market End-user (automotive, aerospace, electronics, oil and gas, and others), Application (flaw detection and inspection, metrology, assembly analysis, and reverse engineering), and Geography (APAC, Europe, North America, South America, and MEA).
- Growth by the automotive segment will be significant during the forecast period. It is driven primarily by the extensive demand for fool-proof quality control across the manufacturing process so as to verify the structural integrity of cars.
- 40% of the market growth will originate from APAC during the forecast period with China and Japan being the key markets for industrial computed tomography equipment in the region. Market growth in this region will be faster than the growth of the market in Europe, MEA, and North America due to substantial investments in the automotive value chain, especially in manufacturing and R&D facilities.
- This research report will provide insights into the current market share of each segment along with growth projections for the next five years. Request our Free Sample Report
Industrial Computed Tomography Equipment Market: Vendor Analysis
- The market is fragmented due to the presence of several players.
- The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
- Baker Hughes Co., Bruker Corp., Carl Zeiss AG, General Electric Co., Illinois Tool Works Inc., Nikon Corp., OMRON Corp., ProCon X Ray GmbH, Shimadzu Corp., and YXLON International GmbH are some of the major market participants.
Market Segmentation by End-user
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- Industrial Computed Tomography Equipment Market Split by End-user
- Automotive
- Aerospace
- Electronics
- Oil and gas
- Others
- Industrial Computed Tomography Equipment Market Split by Application
- Flaw detection and inspection
- Metrology
- Assembly analysis
- Reverse engineering
- Industrial Computed Tomography Equipment Market Split by Geography
- APAC
- Europe
- North America
- South America
- MEA
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2020-2025
- MEA - Market size and forecast 2020-2025
- Europe - Market size and forecast 2020-2025
- North America - Market size and forecast 2020-2025
- South America - Market size and forecast 2020-2025
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Competitive scenario
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Baker Hughes Co.
- Bruker Corp.
- Carl Zeiss AG
- General Electric Co.
- Illinois Tool Works Inc.
- Nikon Corp.
- OMRON Corp.
- ProCon X Ray GmbH
- Shimadzu Corp.
- YXLON International GmbH
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The report provides insights into the following FAQs:
- What is the market CAGR?
The market will accelerate at a CAGR of almost 3.63%.
- What is the incremental growth of the market?
The market is expected to grow by $ 51.50 mn through 2021-2025.
- What is a key factor driving this market?
Technological benefits of using industrial CT will drive market growth over the forecast period.
- What are the key regions covered in this market research report?
APAC, Europe, North America, South America, and MEA are the key regions featured in this research report.
- Which is the leading geographic region for this market:
40% growth will originate from APAC
- Who are the leading market vendors?
The leading vendors in this market are Baker Hughes Co., Bruker Corp., Carl Zeiss AG, General Electric Co., Illinois Tool Works Inc., Nikon Corp., OMRON Corp., ProCon X Ray GmbH, Shimadzu Corp., and YXLON International GmbH
- What are the market segments covered in this report?
The market is segmented by End-user (automotive, aerospace, electronics, oil and gas, and others), Application (flaw detection and inspection, metrology, assembly analysis, and reverse engineering), and Geography (APAC, Europe, North America, South America, and MEA)
