The global micro computed tomography (micro-CT) market is poised for significant growth, with its valuation expected to rise from USD 258.8 million in 2024 to USD 721.8 million by 2034. This growth represents a compound annual growth rate (CAGR) of 10.8% during the forecast period. In 2023, the sector generated USD 233.6 million in revenue. The rise in market demand is driven by the growing need for non-destructive testing (NDT) solutions across a variety of industries, including aerospace, automotive, and manufacturing.
Micro computed tomography has emerged as a vital tool for providing highly detailed internal imaging of objects without causing any damage, making it an invaluable asset in industries requiring precise analysis. Unlike traditional methods, micro-CT offers non-invasive insights into the internal structure of complex parts, enabling manufacturers to inspect components for defects, structural integrity, and quality control without compromising the sample. This has led to its increasing adoption in sectors such as aerospace, automotive, and material science, where product reliability and safety are paramount.
The capability of micro-CT to deliver detailed 3D imaging with high resolution is fueling its use in research and development, quality control, and production processes. Industries focused on improving efficiency, reducing production costs, and ensuring product safety are embracing micro-CT as an essential part of their inspection and testing protocols. Additionally, advancements in micro-CT technology are making it more accessible and efficient, further boosting its appeal for a wide range of applications.
Key Takeaways:
- Market Growth: The micro-CT market is projected to grow from USD 258.8 million in 2024 to USD 721.8 million by 2034, at a CAGR of 10.8%.
- Non-Destructive Testing: The demand for non-destructive testing methods is driving the adoption of micro-CT technology across industries such as aerospace, automotive, and manufacturing.
- Industry Adoption: Micro-CT is increasingly used in quality control, research, and production to inspect and analyze components without damaging them.
- Technological Advancements: Ongoing advancements in micro-CT technology are enhancing its capabilities and making it more accessible for a wide range of applications.
With industries across various sectors embracing non-destructive testing and the advantages of advanced imaging techniques, the micro-CT market is set for robust growth. The increasing demand for precise, reliable, and efficient inspection methods provides a strong foundation for continued expansion in the years to come.
Key Growth Drivers
- Increasing Demand for Non-Destructive Testing: A significant driver for the micro-CT market is the rising adoption of non-destructive testing methods across various industries, including aerospace, automotive, and manufacturing. Micro-CT technology provides detailed internal imaging without damaging the samples, making it invaluable for quality control and research.
- Advancements in Imaging Technology: Continuous improvements in micro-CT technology enhance its efficiency, resolution, and user-friendliness. The integration of AI and machine learning into micro-CT systems is also revolutionizing image analysis and processing.
- Application Across Multiple Sectors: The versatility of micro-CT applications, ranging from biomedical research to material science, is expanding its market reach. In particular, sectors such as life sciences and materials testing are increasingly relying on micro-CT for detailed analysis.
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Regional Insights
- North America: Expected to maintain a leading position in the market due to a high concentration of key players and advanced research facilities.
- Asia Pacific: Anticipated to exhibit the fastest growth, particularly in India, driven by advancements in technology and increased accessibility.
Competitive Landscape
The competitive landscape of the sector is defined by the existence of numerous prominent competitors who dominate the sector. Key players dominate the industry with cutting edge technology and diverse product offerings.
The industry giants retain their supremacy by leveraging strong research and development capabilities and global distribution networks.
New entrants, which include smaller specialized enterprises, focus on specific applications and cost effective solutions, helping to diversify the industry. The competitive climate encourages continual innovation, with companies working to improve image resolution, user interface, and integration with new technology.
Recent Industry Developments
- In December 2023, PerkinElmer announced the purchase of Covaris. The deal will improve Covaris expansion potential while also broadening PerkinElmer’s existing life sciences portfolio in the rapidly developing diagnostics sector.
Key Players
- Bruker Corporation
- PerkinElmer
- Thermo Fisher Scientific
- Zeiss
- NeoScan
- Sanying Precision Instruments Co.Ltd
- North Star Imaging Inc
- SCANCO Medical AG
- TESCAN
Key Segments of Micro Computed Tomography Industry
By Product Type:
By product type, the industry is divided into in-vivo and ex-vivo.
By Application:
By application, the industry is divided into life sciences, orthopedics, dentistry, agribio, material science and geology/oil and gas geology
By Region:
Key countries of North America, Latin America, Western Europe, South Asia, East Asia, Eastern Europe and Middle East & Africa have been covered in the report.
Author By:
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
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 over 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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