In 2022, the market for industrial X-ray films reached US$ 58.6 million. Industrial X-ray film demand is anticipated to reach US$ 62.4 million in 2023. The demand is expected to grow at a 5.3% CAGR between 2023 and 2033, according to the prediction. By the end of 2033, revenue is projected to reach about US$ 104.4 million.
The global industrial X-ray films market is set to be driven by growing demand from the automotive sector. Increased production of automobiles has spurred the demand for high standards of quality in manufacturing processes. To detect flaws in key components, including welds, castings, and composite materials, X-ray films are employed.
The automobile industry’s emphasis on safety has led to more in-depth component inspections that necessitate X-ray testing. X-ray films assist researchers in examining the characteristics of novel materials and their applicability for automobiles as automotive materials develop.
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Automotive producers are obligated by strict laws to follow particular inspection requirements, which include the usage of X-ray films. X-ray images help find defects that can be hidden from view as components get smaller and more complex. Non-destructive testing is made possible using X-ray films, guaranteeing that components are still intact following inspection.
Early defect detection reduces manufacturing waste and boosts production effectiveness. X-ray inspection aids in component design optimization, improving durability and performance in automobiles.
The Need for industrial X-ray films is also projected to be pushed by the growing automation of X-ray inspection. Automation makes inspection procedures quicker, which increases the need for X-ray films to keep up with the quickening speed.
Small imperfections can be found by automated methods, thereby increasing the demand for precise, high-quality X-ray films. Automation makes it possible to check complex components, further raising the demand for X-ray films that can clearly show complex features and structures.
The Need for dependable and consistent X-ray films might surge as automated X-ray inspection becomes crucial to quality control. As non-destructive testing gains traction as a result of automation, X-ray films that allow in-depth analysis without inflicting harm are required. Demand for X-ray films is set to be fueled by the use of automation in predictive maintenance to evaluate the state of equipment and spot possible problems.
Key Takeaways from Industrial X-ray Films Market Study
- The global market for industrial X-ray films is expected to reach a valuation of US$ 104.4 million by 2033.
- Sales of industrial X-ray films are likely to expand at 5.3% CAGR over the forecast period.
- The United Kingdom industrial x-ray films industry is poised to surpass a valuation of US$ 3.7 million by 2033.
- Japan industrial x-ray films industry is estimated to reach a market valuation of US$ 15.1 million by 2033.
- Based on end use, the oil & gas segment is estimated to propel at a CAGR of 5.1% during the forecast period 2023 to 2033.
“Integration of automation is likely to create new opportunities for the industrial x-ray films industry players during the assessment period. Leading manufacturers might invest in research & development to enhance film sensitivity and image quality.” – says a lead analyst at Future Market Insights (FMI).
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Competitive Landscape
Key manufacturers are offering a range of film types to cater to different industry needs. They are focusing on launching traditional computed radiography as well as digital radiography.
They are also developing specialized films for applications such as non-destructive testing and aerospace. They are further creating eco-friendly films with reduced chemical usage and waste generation.
Key Companies Profiled
- China Aerospace Science and Technology Corporation
- Foma Bohemia spol. s r.o.
- FUJIFILM Holdings Corporation
- General Electric Company
- Konica Minolta, Inc.
Leading Companies in the Industrial X-ray Films Market-
- General Electric Company (GE) is a pioneer in the fields of power, renewable energy, and aerospace. It is a leader in the delivery of solutions in fields such as data analytics, materials science, and additive manufacturing. GE is mainly recognized for its work in the aerospace, power, and renewable energy sectors.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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