Global Industrial Computed Tomography Market; By Offering (Equipment, Services), By Application (Flaw Detection & Inspection, 3D Printing Technology), By Vertical (Oil & Gas, Aerospace & Defense), as well as By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends, and Forecast: 2023-2032
- Published date: Dec 2023
- Report ID: 13665
- Number of Pages: 308
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Report Overview
The Global Industrial Computed Tomography Market size is expected to be worth around USD 986.8 Million by 2033, From USD 520.8 Million by 2023, growing at a CAGR of 8.90% during the forecast period from 2024 to 2033.
Industrial Computed Tomography (CT) employs X-rays for non-destructive testing, enabling 3D imaging of internal structures in industrial components. This technology examines complex assemblies, providing precise, high-resolution images crucial for flaw detection, dimensional analysis, and material characterization. It aids in inspecting intricate parts, identifying defects, and ensuring product quality across industries like aerospace, automotive, and electronics.
CT’s versatility enables the examination of various materials, from plastics to metals, contributing to enhanced quality control and efficient failure analysis. Its non-invasive nature and ability to capture internal structures without dismantling items make it indispensable for comprehensive quality assessment in manufacturing and research.
This market has indexed an increase in industrial computed tomography scanners due to technological advances in sensor and digital detection technology. 3D printing is also known as additive manufacturing. It involves complex designs and structures being produced that are difficult or expensive to make using traditional manufacturing techniques. Layering materials do this on top of each other to create a single-piece structure.
This Industrial Computed Tomography market report gives a detailed analysis of the market size, share, growth, key trends, market opportunities, growth factors, competitive landscape, and other key factors.
Key Takeaways
- Market Growth: The Industrial Computed Tomography Market displays significant growth potential, projected to escalate from USD 520.8 million in 2023 to USD 986.8 million in 2033, showcasing a robust Compound Annual Growth Rate (CAGR) of 8.90%.
- Regional Dominance: Asia-Pacific (APAC) emerges as the dominant region, commanding a notable 35% share, signifying substantial market presence and demand for industrial CT technologies in the APAC industrial landscape.
- Segmentation Insights:
- Technology Preference: X-ray CT Scanners lead with a significant 41% share, indicating their prevalent usage in industrial applications for comprehensive imaging and analysis.
- Component Focus: Hardware constitutes a substantial 45.5% share, emphasizing the critical role of hardware components in facilitating CT scanning processes.
- Industry Vertical Specification: Healthcare holds a noteworthy 35% share, highlighting the adoption of CT technology in the healthcare industry for diagnostic purposes.
- Application Emphasis: Flaw Detection and Analysis represent a significant 26% share, underlining the use of CT in identifying and analyzing defects or irregularities in materials or products.
Market Dynamics and Industry Analysis:
- Rapid Market Expansion: The market exhibits rapid and substantial growth, driven by advancements in CT technology, its increasing adoption across industries, and the rising need for accurate and non-destructive testing methods.
- APAC Market Dominance: APAC’s dominance underscores the region’s robust industrial and healthcare sectors, driving the demand for CT scanning technology.
- Technology, Hardware, and Healthcare Applications: The dominance of X-ray CT scanners, hardware components, and healthcare applications highlights the wide-ranging use of CT technology across industries, particularly in healthcare diagnostics and industrial flaw detection.
This analysis highlights the Industrial Computed Tomography Market’s significant growth trajectory, driven by technological advancements, increased industrial adoption, and its integral role in flaw detection and healthcare diagnostics. The rapid growth rate and segmentation dominance signify a thriving market with substantial potential for continuous expansion and sustained relevance in diverse industry applications.
Driving Factors
The industrial computed tomography market is driven by increasing demand for non-destructive testing solutions in various industries. The need for accurate, non-invasive inspection methods propels CT’s adoption in the aerospace, automotive, and electronics sectors, ensuring product quality and safety.
Technological advancements, offering higher resolutions and faster scanning speeds, fuel market growth. Additionally, stringent quality standards and regulations in manufacturing push CT for flaw detection and dimensional analysis.
The ability of CT to examine internal structures without component disassembly fosters efficiency in failure analysis, driving its prominence as a preferred solution for comprehensive quality control in industrial settings.
Restraining Factors
As 3D printing technology moves from the prototyping stage into the production stage, the CT market continues to grow. The use of additive manufacturing has seen a dramatic increase in the production of various items based on 3D modeling. This has increased the demand for radiography tests such as CT to examine the internal geometry of 3D printed objects.
The increasing use of computed tomography in additive production activities in conjunction with 3D printers will drive this market. Aircraft Original Equipment Manufacturers (OEMs) focus on CT technologies to examine major components like turbines and piston engines in one run to reduce costs and time.
Aerospace computed tomography has indexed a surge in demand due to the need for high precision and reliability for complex parts subjected to high temperatures. CT can also be used to inspect small and medium components, such as welded tubes and aluminum castings. The high adoption of aerospace techniques drives expansion prospects in the industrial CT market.
Industrial computed tomography presents a challenge in that data can be corrupted. Noise from certain machines can also cause data corruption. This results in inaccurate results and limits the use of an industry’s computed tomography system. Product launches, acquisitions, and R&D are players’ primary strategies in the Industrial Computed Tomography market.
Growth Opportunities
Increasing demand for 3D printing technology in healthcare, automotive, electronics, and other fields drives the market expansion during the forecast period. Furthermore, sensor and digital detector technology advances have opened the way to a greater appreciation of commercial computed tomography (CT) scanners in the marketplace.
Growth opportunities in the industrial computed tomography market are abundant. Technological advancements continue to enhance CT’s capabilities, enabling higher resolutions, faster scan times, and improved accuracy, expanding its applications across diverse industries. The rising demand for quality assurance and stringent regulatory compliance in manufacturing bolsters CT’s adoption of flaw detection and component analysis.
Moreover, the increasing complexity of industrial components and materials drives the need for non-destructive testing, offering substantial growth potential. Collaborations with research institutions and ongoing R&D endeavors further drive innovation, opening avenues for CT’s integration into new sectors and applications, and solidifying its role as a pivotal tool for non-invasive inspection and quality control.
Trending Factors
Trending factors in the industrial computed tomography market encompass several aspects. The growing preference for digitalization and Industry 4.0 initiatives accelerates CT’s adoption, integrating it into automated production lines for seamless inspection. The increasing use of CT in additive manufacturing for verifying 3D-printed components signifies a notable trend.
Furthermore, the expansion of CT technology into new sectors like cultural heritage preservation and medical research amplifies its applications. The evolving demand for higher-resolution imaging and faster processing capabilities, driven by advancements in software and hardware, aligns with the market’s ongoing trends, positioning industrial computed tomography as a transformative technology across diverse industries.
Offering Analysis
This factor has led to a significant market share for this segment. The high equipment price discourages numerous small and medium-sized organizations from purchasing products, which limits this segment’s economic growth.
The ‘Services’ segment is anticipated to register the fastest CAGR, at 9.2%, between 2023 and 2032. High service segment growth has been possible due to the capital-intensive nature of industrial CT scanners. Due to their low cost, companies outsource CT services to third-party providers. This helps them to reduce capital investments significantly.
Application Analysis
In terms of Application, this Industrial computed tomography market’s largest segment, the ‘Flaw & Inspection’ segment, accounted for over 27.4% of global revenues in 2022. The increasing necessity for product inspection to discover any fault, fracture, damage, or variance in a specified product has been the primary driver of this segment’s high revenue share.
The usage of industrial CT systems for product inspection aids manufacturers in significantly lowering production/manufacturing expenses. Furthermore, industrial CT scanners can swiftly test and evaluate tiny faults that traditional inspection methods cannot efficiently and effectively trace.
3D printing technology is growing in popularity, and parts are generally becoming more complex. This is contributing to this segment’s rapid rate of growth. CT scanners can also be used for other purposes, such as failure analysis, assembly analysis, as well as dimensioning & toleration analysis.
Additionally, these scanners offer top-quality inspection images, which ease the inspection process and provide comprehensive details on the product being examined.
Over the forecast period, the ‘Assembly Analysis’ segment is expected to experience a significant increase in demand. The automotive, aerospace, and electronics industries increasingly use assembly analysis to analyze assembled products and gain insights into the condition of small/minor components.
Vertical Analysis
Regarding Vertical, in 2021, the ‘Automotive’ segment accounted for more than 35.3% of total Industrial computed tomography market revenues. The automotive industry uses industrial CT systems in various stages of the manufacturing process. These include pre-production inspections and production inspections.
Parts sorting is also done, and failure investigations are also performed. These scanners produce precise metrology data, allowing a user to verify the conformity of parts with original CAD designs. This, in turn, helps improve product quality. Dimensioning analysis and tolerance analysis are also performed during the production process.
Furthermore, several automakers invest heavily in developing and deploying advanced CT technology for automotive applications. For example, the BMW Group revealed in July 2018 that it is adopting a sophisticated CT system for prototype creation, analysis, and production applications. As a result, the unrivaled usability and applicability of CT scanners in the automotive sector further drive segment development.
Other verticals that utilize industrial computed tomography systems are the oil & gas, aerospace & defense, and electronics sectors. From 2024 to 2033, the ‘Electronics’ segment will experience a CAGR of over 9.2%. The electronics industry increasingly uses CT scanning as a non-destructive inspection method to examine internal parts and molded circuits.
This helps to verify whether components are working properly. This segment is slated to be driven by the growing demand for electronic devices, their increased manufacturing, and effective quality control protocols.
Key Market Segmentation:
By Technology
- X-ray CT Scanners
- Cone-Beam CT Scanners
- Fan-Beam CT Scanners
- Other CT Technologies
By Component
- Hardware
- Detectors
- X-ray Sources
- Cooling Systems
- Others
By Software
- Image Reconstruction Software
- Data Analysis Software
- Visualization Software
- Others
By Services
- Installation and Maintenance Services
- Training and Support Services
- Consulting Services
By Industry Vertical
- Automotive
- Aerospace and Defense
- Electronics and Semiconductors
- Oil and Gas
- Manufacturing
- Healthcare
- Geology and Mining
- Other Industry Verticals
By Application
- Dimensional Measurement
- Flaw Detection and Analysis
- Assembly Analysis
- Material Testing
- Reverse Engineering
- Non-Destructive Testing (NDT)
- Other Applications
Regional Analysis
North America was the dominant regional segment, accounting for over 35% of global revenues in 2021. Over the next few years, this region is slated to grow at a substantial CAGR. Regional market growth will be driven by industry leaders’ increasing investments in new and advanced technologies.
The Industrial computed tomography Market growth will also be supported by this region’s strong electronics and automotive industries and major market players such as Baker Hughes Co., Nikon Metrology NV, and Yxlon International GmbH.
The Asia Pacific is anticipated to be the fastest-growing regional market between 2023 and 2033. This is due to the increasing adoption of industrial CT systems for inspection and testing across various industries, such as the electronics, aerospace, defense, and automotive sectors.
This region is a hub for electronics and automotive manufacturing companies. The Asia Pacific also has the world’s highest oil & natural gas production.
Key Regions and Countries Covered іn This Rероrt:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Russia
- Spain
- Rest of Europe
- APAC
- China
- Japan
- South Korea
- India
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- GCC
- South Africa
- Israel
- Rest of MEA
With the presence of several service and equipment providers, the Industrial computed tomography market is relatively well-consolidated. These companies implement various strategic steps to increase their respective market presence and gain an edge over their competitors.
To gain more customers and expand a company’s reach, these companies often leverage partnerships and acquisitions to increase their reach and expertise. Key companies included in this market report are Nikon Metrology NV, OMRON Corporation, Baker Hughes Company, YXLON International, Shimadzu Corporation, ZEISS Group, Koning Corporation, and others companies.
Кеу Маrkеt Рlауеrѕ:
- GE Measurement & Control Solutions
- Siemens AG
- Nikon Metrology
- ZEISS Group
- YXLON International
- North Star Imaging
- Rigaku Corporation
- Carl Zeiss Industrial Metrology
- Shimadzu Corporation
- Werth Messtechnik
- 3D Systems
- Avonix Imaging
- Other Key Players
Report Scope
Report Features Description Market Value (2022) USD 520.8 Million Forecast Revenue (2032) USD 986.80 Million CAGR (2023-2032) 8.90% Base Year for Estimation 2023 Historic Period 2017-2023 Forecast Period 2024-2033 Report Coverage Revenue Forecast, Market Dynamics, COVID-19 Impact, Competitive Landscape, Recent Developments Segments Covered Technology(X-ray CT Scanners, Cone-Beam CT Scanners, Fan-Beam CT Scanners, Other CT Technologies), Component(Hardware, Detectors, X-ray Sources, Cooling Systems, Others), Software(Image, Reconstruction Software, Data Analysis Software, Visualization Software, Others), Services(Installation and Maintenance Services, Training and Support Services, Consulting Services), Industry Vertical(Automotive, Aerospace and Defense, Electronics and Semiconductors, Oil and Gas, Manufacturing, Healthcare, Geology and Mining, Other Industry Verticals), Application(Dimensional Measurement, Flaw Detection and Analysis, Assembly Analysis, Material Testing, Reverse Engineering, Non-Destructive Testing (NDT), Other Applications) Regional Analysis North America – The US, Canada, & Mexico; Western Europe – Germany, France, The UK, Spain, Italy, Portugal, Ireland, Austria, Switzerland, Benelux, Nordic, & Rest of Western Europe; Eastern Europe – Russia, Poland, The Czech Republic, Greece, & Rest of Eastern Europe; APAC – China, Japan, South Korea, India, Australia & New Zealand, Indonesia, Malaysia, Philippines, Singapore, Thailand, Vietnam, & Rest of APAC; Latin America – Brazil, Colombia, Chile, Argentina, Costa Rica, & Rest of Latin America; Middle East & Africa – Algeria, Egypt, Israel, Kuwait, Nigeria, Saudi Arabia, South Africa, Turkey, United Arab Emirates, & Rest of MEA Competitive Landscape GE Measurement & Control Solutions, Siemens AG, Nikon Metrology, ZEISS Group, YXLON International, North Star Imaging, Rigaku Corporation, Carl Zeiss Industrial Metrology, Shimadzu Corporation, Werth Messtechnik, 3D Systems, Avonix Imaging, Other Key Players Customization Scope Customization for segments, region/country-level will be provided. Moreover, additional customization can be done based on the requirements. Purchase Options We have three licenses to opt for Single User License, Multi-User License (Up to 5 Users), Corporate Use License (Unlimited User and Printable PDF) Frequently Asked Questions (FAQ)
What are the main business areas for the Industrial Computed Tomography Market?North America and APAC are the largest market share in Industrial Computed Tomography Market.
What is the Industrial Computed Tomography Market Size in the Year 2023?The Global Industrial Computed Tomography Market size was USD 520.8 Million by 2023, growing at a CAGR of 8.90%.
What is the Estimated Industrial Computed Tomography Market CAGR During the Forecast Period?The Global Industrial Computed Tomography Market size is expected to grow at a CAGR of 8.90% during the forecast period from 2024 to 2033.
What is the Industrial Computed Tomography Market Size Estimated During the Forecast Period?The Global Industrial Computed Tomography Market size is expected to be worth around USD 986.8 Million during the forecast period from 2024 to 2033.
Industrial Computed Tomography MarketPublished date: Dec 2023add_shopping_cartBuy Now get_appDownload Sample - GE Measurement & Control Solutions
- Siemens AG
- Nikon Metrology
- ZEISS Group
- YXLON International
- North Star Imaging
- Rigaku Corporation
- Carl Zeiss Industrial Metrology
- Shimadzu Corporation
- Werth Messtechnik
- 3D Systems
- Avonix Imaging
- Other Key Players
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