North America Industrial Radiography Market Share and Forecast by 2028
Historic Data: 2019-2020 | Base Year: 2021 | Forecast Period: 2022-2028North America Industrial Radiography Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Technique (Film-Based Radiography and Digital Radiography) and End-User Industry (Manufacturing, Aerospace, Automotive and Transportation, Power Generation, Petrochemical and Gas, and Others)
- Report Date : Oct 2021
- Report Code : TIPRE00025204
- Category : Electronics and Semiconductor
- Status : Published
- Available Report Formats :
- No. of Pages : 77
The industrial radiography market in North America is expected to grow from US$ 209.43 million in 2021 to US$ 342.26 million by 2028; it is estimated to grow at a CAGR of 7.3% from 2021 to 2028.
The US, Canada, and Mexico are major economies in North America. Increasing importance for border security is the major factor driving the growth of the North America industrial radiography market. Innovative active interrogation approaches to identify threats to national security are required to protect a country’s airports, borders, and ports. All detection approaches need a source of energetic particles for inducing specific reactions that are major signatures for detecting fissile material or conventional explosives or to perform imaging. The most instant perceived threats and their essential materials comprise conventional explosives, special nuclear materials, mass destruction weapons, chemical agents, and contraband. The radiography technology can be utilized to scan cargo to guarantee that nothing is being smuggled into the country. By utilizing industrial radiography technology, it is possible to distinguish between different materials. Also, the governments are investing a significant amount in border security by deploying the latest technologies at borders. The growth in the construction and expansion of airports is anticipated to boost the demand for industrial radiography, which is further anticipated to drive the market in North America.
In North America, the US recorded the largest number of COVID-19 cases, with more than 20 million cases. In addition, California, Texas, Florida, and New York are among the majorly affected areas in the country. The federal government in the country did not impose nationwide lockdown in 2020. However, the governors of a few states decided to impose lockdown in their respective states. The lockdown hindered the operations of various industries, including manufacturing and aerospace. However, essential industries, such as fast-moving consumer goods (FMCG) and pharmaceutical, had to continue their operations. North America dominated the industrial radiography market owing to the presence of the world's largest aerospace sector in the US and the large automotive industry in Mexico, where radiography is widely used. Companies are increasingly focusing on decreasing radiation-related dangers and favoring portable solutions, prompting them to rethink their product line. The impact of the COVID-19 pandemic on the market was not only from the demand side but also from the supply side. Since manufacturing facilities in the region were not operational for months, supply chain was disrupted as well as the procurement of raw material was interrupted. Due to this, OEMs saw prominent challenge in keeping up with the quarterly revenue. Therefore, the COVID-19 pandemic has a negative impact on the industrial radiography market in the major North American countries.
- This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
North America Industrial Radiography Market Segmentation
North America Industrial Radiography Market – By Technique
- Film-based Radiography
- Digital Radiography
North America Industrial Radiography Market – By End-User Industry
- Manufacturing
- Aerospace
- Automotive and Transportation
- Power Generation
- Petrochemical and Gas
- Others
North America Industrial Radiography Market – By Country
- US
- Canada
- Mexico
North America Industrial Radiography Market-Companies Mentioned
- Anritsu
- Comet Group
- Fujifilm Corporation
- GENERAL ELECTRIC
- METTLER TOLEDO
- Nikon Corporation
- SHIMADZU CORPORATION
- ZEISS International
North America Industrial Radiography Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 209.43 Million |
| Market Size by 2028 | US$ 342.26 Million |
| Global CAGR (2021 - 2028) | 7.3% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Technique
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
Market Research & Consulting
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
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- Anritsu
- Comet Group
- Fujifilm Corporation
- GENERAL ELECTRIC
- METTLER TOLEDO
- Nikon Corporation
- SHIMADZU CORPORATION
- ZEISS International
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