Industrial Computed Tomography Equipment Market Size, Share, Growth, and Industry Analysis, Segmentation By Type (Stationary Computed Tomography Equipment and Portable Computed Tomography Equipment), By Application (Car, Aerospace, Electronic Products, Oil And Gas and Others) and Regional Forecast to 2032

Updated On: 06 May 2024

INDUSTRIAL COMPUTED TOMOGRAPHY EQUIPMENT MARKET REPORT OVERVIEW

The global industrial computed tomography equipment market size was USD 206.4 million in 2022 and the market is projected to touch USD 397.6 million by 2032, exhibiting a CAGR of 6.8% during the forecast period.

One sort of scanning technology that is widely utilized in many industries, including the automotive, aerospace, electronics, and healthcare sectors, is industrial computed tomography (CT) equipment. Comprehensive 3D photographs of items may be obtained using it, enabling accurate measurements and non-destructive testing. X-ray sources, detectors, and complex software are the components of industrial CT equipment, which assembles the collected data into crisp, detailed pictures.

COVID-19 Impact: COVID-19 Accelerated the Market Growth with Increasing Automation in Inspection and Testing Techniques

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

The industrial CT equipment market has had a surge in acceptance due to the COVID-19 epidemic, as businesses look to balance productivity demands with the security and effectiveness of their manufacturing operations. This has increased industry need for CT scanning even more. In conclusion, there will be significant growth in the industrial CT equipment market in the upcoming years. The COVID-19 pandemic, technology improvements, favourable government laws, and the growing demand for sophisticated inspection and testing methods are the main drivers propelling the market's growth. The market is anticipated to grow significantly over the projected period, especially in the automotive, aerospace, and healthcare sectors, with a predicted CAGR of 12%.

LATEST TRENDS

"3D Printing  and Additive Manufacturing to Tumble Up the Market Shares"

Laminated modeling based on 3D printing has advanced significantly with new technology. The 3D printing technique progressed from the prototype stage to the manufacturing stage as end users included it into the manufacturing process. The demand for radiography rises with additive manufacturing, and CT is the preferred x-ray inspection method among end users.Because CT equipment can provide 3D cross-sectional scans and accurate measurements of intricate components, it is utilized for sophisticated inspection and quality control applications. An further development in CT equipment is the use of machine learning and artificial intelligence (AI) algorithms, which allow for enhanced picture processing and automatic fault identification. Furthermore, there's a rising need for small, portable CT equipment that may be used for on-site examinations and improve workflow efficiency.

INDUSTRIAL COMPUTED TOMOGRAPHY EQUIPMENT MARKET SEGMENTATION

• By Type

Based on type the global market can be categorized into Stationary Computed Tomography Equipment and Portable Computed Tomography Equipment.

• By Application

Based on application the global market can be categorized into car, aerospace, electronic products, oil and gas and others.

Automotive Industry: Internal parts, welds, and the general assembly of automobile parts are all inspected using industrial CT. This covers castings, molded plastic parts, engine parts, and gearboxes. It assists in locating flaws, structural problems, and porosity in elements such as suspension, braking systems, and cylinder heads.

Aerospace: The aerospace industry uses CT to check for flaws or delaminations in composite materials used in aircraft components. It helps in confirming the accuracy of assembly and finding any concealed defects in intricate aerospace parts like fuel injection systems and turbine blades.

Electronic Products: Printed circuit boards (PCBs) may be examined using industrial CT to check for flaws in soldering, internal connections, and other concerns without causing harm to the electronic components. It is used to check for flaws or manufacturing problems in electronic components such as chips, wire bonds, and connections.

Oil and Gas Industry: Without requiring disassembly, industrial CT inspects internal pipeline features and welds for flaws, corrosion, or obstructions. It is employed to verify the structural integrity of vital parts such as pressure vessels, pumps, and valves.

Others: CT is used to examine the quality and internal structure of medical implants, including dental prosthesis and orthopedic implants. By giving comprehensive 3D views of component parts and identifying any manufacturing flaws, it contributes to the quality assurance of medical equipment. Industrial CT is used to check injection-molded plastic components for flaws and internal structure to make sure the parts fulfill quality requirements. It facilitates the analysis of rubber and plastic materials' porosity and density. Reverse engineering software may make comprehensive 3D models of existing components for redesign or replication using industrial CT. It helps with difficult assembly inspection, making sure that every part fits together properly and according to design guidelines.

DRIVING FACTORS

"Automotive Industry Application to Gain Traction and Amplify the Market Growth"

Some of the most important items in terms of quality, ranging from tiny electronic sensors to completely integrated vehicle components, are integrated by the automobile sector. The majority of businesses have CT and X-ray systems built with efficiency and repeatability in mind to guarantee that the machinery always functions safely and accurately. Automotive manufacturers use CT technology to evaluate important parts like piston engines and turbines in a single pass, saving time and money. Millions of automobiles are produced and sold annually in the area due to increased urbanization and population growth. The whole supply chain needs to be effective in order to sustain this high production rate, and each subcontractor needs to deliver both quantity and quality on schedule. Due to the necessity for speed, accuracy, and durability, computed tomography is being used in automation to adapt to robotized manufacturing lines, which is now widely used in the automobile sector.

"Rising Demand for Portable Radiography Equipments to Accelerate the Market Sales"

Strong gamma-ray sources, routine operation and exposure of x-ray equipment used for industrial purposes in the area, crucial equipment availability, a variety of working situations, and frequently used procedures are all part of the needs and advantages of industrial radiography.These days, portable industrial x-ray equipment doesn't have any trouble producing high-quality pictures. Modern high-frequency technology uses only ordinary power connections to deliver excellent performance in a small package. The NDT industry's range of inspection techniques is made possible by the X-ray equipment's integrated interface, lightweight design, and easy operation. Moreover, a lot of businesses are concentrating on creating cutting-edge radiography equipment for diverse uses. Vision Medical Equipments Pvt. Ltd., for example, sells portable X-ray equipment, such as welding tools and portable X-ray scanners.

RESTRAINING FACTOR

"Limited Penetration and Limited for Certain Materials to Deprive the Market Growth"

Despite being an effective tool for non-destructive testing and inspection, industrial computed tomography (CT) equipment has several drawbacks. When working with dense or thick materials, the penetration of X-rays or other radiation may be restricted. This restriction may make it more difficult to thoroughly check some kinds of components. Certain materials may be difficult to adequately check with CT, such as those with high absorption or low X-ray attenuation. This restriction may have an impact on the caliber of outcomes for particular uses. Hence, such factors are expected to hinder the industrial computed tomography equipment market growth during the forecast period.

INDUSTRIAL COMPUTED TOMOGRAPHY EQUIPMENT MARKET REGIONAL INSIGHTS

The market is primarily segregated into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa.

"Asia Pacific to Lead the Market with Rapid Industrialization and Increasing Investments in Automotive and Aerospace Sectors"

Asia Pacific to lead the industrial computed tomography equipment market share. The industrial CT equipment industry is expanding rapidly at the moment. The market is driven by a number of reasons, including growing automation and robots in various sectors, technical improvements in CT imaging, and strict government regulations pertaining to quality and safety standards. Growth in the automotive and aerospace sectors is predicted to be strong, and the Asia-Pacific region as a whole—especially China and Japan—will see fast industrialization.

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market through Innovation and Market Expansion"

Important industry players have a big impact on the market and are crucial in determining customer preferences and market dynamics. These major firms provide consumers easy access to a vast array of clothing alternatives through their huge retail networks and online platforms. Product adoption has increased as a result of their strong worldwide presence and well-known brand, which has also enhanced consumer trust and loyalty. These industry titans also consistently fund R&D, bringing cutting-edge designs, materials, and clever features to industrial computed tomography equipment to meet changing customer demands and preferences. These big businesses' combined efforts have a big impact on the market's future direction and level of competition.

List of Market Players Profiled

• Bruker (Germany)
• GENERAL ELECTRIC (U.S)
• Nikon Corporation (Japan)
• OMRON Corporation (Japan)
• ZEISS International (Germany).

INDUSTRIAL DEVELOPMENT

• November 2022: It was revealed that Bruker has purchased Inscopix, Inc., a Mountain View, California-based manufacturer of tiny microscopes and miniscopes.
• December 2020: A long-term strategic relationship between Vivo and Zeiss was launched with the aim of collaboratively promoting and developing innovative breakthroughs in mobile image technology. The Vivo X60 series will include the first "Vivo Zeiss co-engineered imaging system." The partnership agreement between Vivo and Zeiss calls for the creation of the Vivo Zeiss Imaging Lab, a collaborative R&D initiative aimed at developing cutting-edge mobile imaging technology for Vivo's flagship smartphones.

REPORT COVERAGE

The report includes a thorough SWOT analysis and offers predictions for market growth in the future. It explores a broad range of market categories and possible applications that might have an impact on the market's trajectory in the upcoming years, as well as key aspects that contribute to the market's growth. The research provides a comprehensive overview of the market's components and identifies possible growth opportunities by taking into account both historical turning points and present trends.