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

Report Overview

The global industrial computed tomography market was valued at USD 502.6 million in 2021 and is projected to grow at a CAGR of 7.5% and is expected to reach USD 1113.57 million during the forecast period (2023-32). Market growth has been aided by the increasing use of additive manufacturing techniques across all industries (e.g., aerospace, defense, electronics, etc.).

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.

Global Industrial Computed Tomography Market Scope:

Offering analysis

Based on ‘Offering,’ the ‘Equipment’ segment dominated the Industrial computed tomography market, accounting for over 59.2% of global revenues in 2021. Companies used to prefer to purchase CT scanners (including the line and cone beam) because of confidentiality issues during product design.

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 2021. 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 the purpose of 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 are increasingly using 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 2023 to 2032, 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 Offering

• Equipment
• Services

By Application

• Flaw Detection & Inspection
• 3D Printing Technology

By Vertical

• Oil & Gas
• Aerospace & Defense
• Automotive
• Electronics
• Other Verticals

Market Dynamics:

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 the primary strategies players use in the Industrial Computed Tomography market.

Increasing demand for 3D printing technology in healthcare, automotive, electronics, and other fields is driving 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.

Regional Analysis

North America was the dominant regional segment, accounting for over 32.3% 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 the presence of 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 2021 and 2028. This is due to the increasing adoption of industrial CT systems for the purposes of 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

Market Share & Key Players Analysis:

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.

Industrial Computed Tomography Кеу Маrkеt Рlауеrѕ:

• Nikon Metrology NV
• OMRON Corporation
• Baker Hughes Company
• YXLON International
• ZEISS Group
• VJ Group
• Rigaku Corporation
• Shimadzu Corporation
• Werth Inc.
• North Star Imaging Inc.
• Koning Corporation
• Fujifilm Holdings Corporation
• Other Key Players

These are the major companies in the market.