Connect with us

Technology

Industrial X-Ray Inspection System Market to Be Worth $1.33 Billion by 2031 – Exclusive Report by Meticulous Research®

Published

5 months ago

on

REDDING, Calif., June 17, 2024 /PRNewswire/ — According to a new market research report titled, ‘Industrial X-Ray Inspection System Market by Component, Imaging Technique (Digital Imaging, Film-based Imaging), Dimension (2D X-Ray System, 3D X-Ray System, End-use Industry (Electronics & Semiconductors), and Geography—Forecast to 2031,’ the global industrial X-ray inspection system market is projected to reach $1.33 billion by 2031, at a CAGR of 10.7% from 2024–2031.

Download Sample Report Now- https://www.meticulousresearch.com/download-sample-report/cp_id=5148 

Industrial X-ray inspection systems are utilized to detect defects or flaws in products without causing any destruction or requiring disassembly. These systems find applications across various industries, such as oil & gas, electronics, semiconductors, automotive, and aerospace. Industrial X-ray inspection systems are increasingly being adopted across these industries to ensure the detection of defects with high efficiency, precision, and speed while maintaining product quality. These systems play an important role in product R&D, manufacturing, fabrication, and installation processes.

The growth of the global industrial X-ray inspection system market is driven by stringent government regulations regarding the safety of assets, increasing consumer awareness regarding quality standards, and rising security concerns in strategic infrastructure installations. However, high equipment and maintenance costs restrain the growth of this market.

Furthermore, increasing automation in digital X-ray inspection systems, miniaturization of X-ray inspection systems for higher mobility, and increasing user-friendly interfaces due to technological advancements are expected to offer growth opportunities for the stakeholders in this market. However, the lack of qualified personnel is a major challenge impacting the growth of the industrial X-ray inspection system market. Additionally, the rising application of AI in X-ray inspection systems and the increasing adoption of CT inspection for production line application are prominent trends in this market.

Get a Glimpse Inside: Request Sample Pages- https://www.meticulousresearch.com/request-sample-report/cp_id=5148 

The global industrial X-ray inspection system market is segmented by component (hardware, software, support services, consumables), imaging technique (digital imaging {direct radiography, computed radiography, computed tomography}, film-based imaging), dimension (2D X-ray systems, 3D X-ray systems), End-use Industry (electronics & semiconductors, aerospace, automotive, public infrastructure, power generation, oil & gas, food & beverages, manufacturing, other end-use industry), and geography. The study also evaluates industry competitors and analyses the market at the country and regional levels.

Based on component, the global industrial X-ray inspection system market is segmented into hardware, software, support services, and consumables. In 2024, the hardware segment is expected to account for the largest share of the industrial X-ray inspection system market. The segment’s large market share is attributed to the rising adoption of X-ray inspection systems due to technological advancements in radiation sources, tubes, and flat-panel detectors, increasing R&D investments, and growing demand for CT inspection for production line applications. However, the software segment is projected to register the highest CAGR during the forecast period.

Based on Imaging Technique, the industrial X-ray inspection system market is segmented into digital imaging and film-based imaging. In 2024, the digital imaging segment is expected to account for the larger share of the industrial X-ray inspection system market. This segment’s large market share is attributed to the advantages of digital imaging, such as the low radiation requirements for image production, enhanced image quality, rapid processing time, quick image sharing & easy storage, and low operation & maintenance costs. Moreover, the digital imaging segment is projected to register the highest CAGR during the forecast period.

Based on Dimension, the global industrial X-ray inspection system market is segmented into 2D X-ray systems and 3D X-ray systems. In 2024, the 2D X-ray system segment is expected to account for the larger share of the global industrial X-ray inspection system market. This segment’s large market share is attributed to the increasing demand for 2D X-ray systems in the electronics and semiconductors sector, technological advancements, rapid industrialization in emerging economies, and the growing need to minimize radiation emissions and reduce operational costs. However, the 3D X-ray systems segment is projected to register the highest CAGR during the forecast period.

Have Specific Research Needs? Request a Customized Report- https://www.meticulousresearch.com/request-customization/cp_id=5148 

Based on End-use Industry, the global industrial X-ray inspection system market is segmented into electronics & semiconductors, aerospace, automotive, public infrastructure, power generation, oil & gas, food & beverages, manufacturing, and other end-use industries. In 2024, the electronics & semiconductors segment is expected to account for the largest share of the global industrial X-ray inspection system market. This segment’s large market share can be attributed to the increasing consumer awareness regarding quality standards, the increasing automation of digital X-ray inspection systems, and the large-scale digitalization, automation, and miniaturization of electronic devices. Moreover, the electronics & semiconductors segment is projected to register the highest CAGR during the forecast period.

Based on Geography, the global industrial X-ray inspection system market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, North America is expected to account for the largest share of the global industrial X-ray inspection system market. North America’s significant market share can be attributed to stringent government safety regulations, increasing automation in digital X-ray inspection systems, the presence of prominent market players in the region, and the rising adoption of CT inspection for production line applications.

However, the market in Europe is projected to register the highest CAGR during the forecast period. The growth of this regional market can be attributed to the rising demand for remote visual inspection in the aerospace sector, stringent safety guidelines and protocols implemented by the European Union, and increasing usage of automated Non-Destructive Testing (NDT) devices in the power industry due to growing investments in nuclear plants.

The key players operating in the global industrial X-ray inspection system market are North Star Imaging, Inc. (U.S.) (A part of Illinois Tool Works Inc.), Nikon Metrology, Inc. (U.S.) (A part of Nikon Corporation), Nordson Corporation (U.S.), YXLON International GmbH (Germany) (A part of Comet Group), VJ Group, Inc. (U.S.), 3DX-RAY Ltd (U.K.) (A part of Image Scan Holdings plc), VisiConsult X-ray Systems & Solutions GmbH (Germany), METTLER TOLEDO. (U.S.), Maha X-ray Equipment Private Limited (India), Baker Hughes Company (U.S.), Ishida Co., Ltd. (Japan), Carl Zeiss AG (Germany), Thermo Fisher Scientific Inc. (U.S.), Hamamatsu Photonics K.K. (Japan), and Matsusada Precision Inc. (U.S.).

Browse In-depth Report Now- https://www.meticulousresearch.com/product/industrial-x-ray-inspection-system-market-5148 

Scope of the Report:

Global Industrial X-ray Inspection System Market Assessment—by Component

HardwareSoftwareSupport ServicesConsumables

Global Industrial X-ray Inspection System Market Assessment—by Imaging Technique

Digital ImagingDirect RadiographyComputed RadiographyComputed TomographyFilm-based Imaging

Global Industrial X-ray Inspection System Market Assessment—by Dimension

2D X-Ray Systems3D X-Ray Systems

Global Industrial X-ray Inspection System Market Assessment—by End-Use Industry

Electronics & Semiconductors                         PCB Inspection   Solder Joint Inspection     Wafer InspectionAutomated Optical Inspection         Other Applications             Aerospace                           Aircraft Maintenance         Composite Material Analysis           Public Infrastructure                           Airport Security   Railway Tracks   Bridges & Tunnels             Power Generation                             Nuclear Power Plants       Renewable Energy PlantsNon-Renewable Energy Plants       Oil & Gas                             Subsea Pipeline Monitoring             Transmission Pipeline Monitoring Storage Tank Monitoring Refinery Plant Monitoring                 Manufacturing                     Product Quality Control     Plant Health Monitoring   Additive Manufacturing     Food & Beverages             AutomotiveOther End-use Industries                  

Global Industrial X-ray Inspection System Market Assessment—by Geography

North AmericaU.S.CanadaEuropeU.K.GermanyFranceSpainItalyNetherlandsSwitzerlandRest of EuropeAsia-PacificChinaJapanIndiaSingaporeSouth KoreaAustralia & New ZealandRest of Asia-PacificLatin AmericaBrazilMexicoRest of Latin AmericaMiddle East & AfricaSaudi ArabiaUAERest of the Middle East & Africa

Unlock Opportunities: Buy Now- https://www.meticulousresearch.com/Checkout/69189910 

Related Reports:

X-ray Inspection Systems Market for Electronics & Semiconductors by Component (Hardware, Software, Services, Consumables), Imaging Technique (Film-based Imaging, Digital Imaging), Dimension (2D X-ray, 3D X-ray), Application, and Geography – Global Forecast to 2029

Digital X-ray Systems Market by Product (Fixed [Ceiling, Floor], Portable, Detectors, Software & Services), Technology (Computed, Direct), Application (Orthopedic & Trauma, Breast, Chest & Lung), and End User (Hospital, Imaging Center) – Global Forecast to 2030

About Meticulous Research®

Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.

Contact:
Mr. Khushal Bombe
Meticulous Market Research Inc.
1267 Willis St, Ste 200 Redding,
California, 96001, U.S.
USA: +1-646-781-8004
Europe : +44-203-868-8738
APAC: +91 744-7780008
Email- sales@meticulousresearch.com  
Visit Our Website: https://www.meticulousresearch.com/
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research
Content Source: https://www.meticulousresearch.com/pressrelease/369/industrial-x-ray-inspection-system-market-2031

Logo: https://mma.prnewswire.com/media/1757980/Meticulous_Research_Logo_1.jpg

 

View original content:https://www.prnewswire.co.uk/news-releases/industrial-x-ray-inspection-system-market-to-be-worth-1-33-billion-by-2031—exclusive-report-by-meticulous-research-302174151.html

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Arctech’s SkyWings Empowers the World’s Largest Single-Capacity PV Power Plant Built on Coal Mining Subsidence Area

Published

53 minutes ago

on

November 18, 2024

By

ORDOS, China, Nov. 17, 2024 /PRNewswire/ — Arctech, the world’s solar tracking and racking solutions provider, announced that its 1P single-axis dual-row solar tracking system SkyWings has facilitated the on-time grid connection of Mengxi Blue Ocean Photovoltaic Power Station, the world’s largest single-capacity solar plant built on coal mining subsidence area. By adopting SkyWings, the plant’s annual average grid-connected capacity is enhanced by an impressive 7.41%, greatly improving the ROI.

SkyWings, equipped with Arctech’s synchronous multi-point drive mechanism and innovative torque tube design with exceptional bending and torsion resistance, can maintain normal operation even in wind speeds of up to 18m/s (level 8 gale), resulting in an increase of up to 2% in power generation. Powered by its second-generation AI algorithm, SkyWings can calculate the optimum tracker tilt across various terrains and environments, enabling real-time shading avoidance and leading to an additional energy generation boost of up to 8%.

Moreover, to better accommodate the irregular and undulating topography of the plant, Arctech provided a customized SkyWings solar tracking solution that incorporates terrain following capabilities. The tolerance for undulation between adjacent rows is set at 20% in the east-west direction and 15% in the north-south direction. Additionally, Arctech tailored the design of post height to maximize space beneath the solar panels, facilitating agrivoltaics practices. Consequently, farmers are now able to cultivate crops and raise livestock underneath solar panels, achieving both economic and ecological benefits.

To mitigate pollution and ecological damage to the grassland during both construction and operation, SkyWings employs one-piece H-shaped steel piles, while the construction team utilizes on-site static pressure construction. Moreover, following 25 years of safe power station operation, approximately 90% of the steel pipe piles of SkyWings remain suitable for recycling purposes, thereby reducing waste discharge by around 60% compared to traditional concrete piles.

Upon operation, this plant is expected to generate 5.7 billion kilowatt-hours of electricity annually, sufficient to power two million households. Each year, it can save 1.71 million tons of standard coal and reduce carbon dioxide emissions by about 4.7 million tons — equivalent to planting 62,700 hectares of trees.

The utilization of Arctech’s SkyWings in this plant further demonstrates its versatility as a solar tracking system capable of adapting to diverse scenarios, including agrivoltaics, irregular terrains, coal mining subsidence areas, and more.

View original content to download multimedia:https://www.prnewswire.com/news-releases/arctechs-skywings-empowers-the-worlds-largest-single-capacity-pv-power-plant-built-on-coal-mining-subsidence-area-302306745.html

SOURCE Arctech

Continue Reading

Technology

Compport Welcomes HR Leader Krish Shankar to its Board of Advisors, Strengthening its Global Mission to Transform Compensation Practices

Published

53 minutes ago

on

November 18, 2024

By

NEW DELHI and SINGAPORE, Nov. 18, 2024 /PRNewswire/ — Compport, one of Asia’s fastest growing compensation software providers, proudly welcomes Krish Shankar to its Board of Advisors.

With nearly four decades of experience leading human resources functions across some of the world’s most renowned organizations, Krish brings unparalleled expertise and insight to Compport’s mission of transforming compensation practices worldwide.

Compport has steadily established a strong presence in the compensation technology space, with solid foundations in India and Southeast Asia and a growing footprint in North America and the EU. As pay transparency and equity become increasingly critical topics, Compport is passionately committed to empowering organizations, to create fair and competitive rewards structures. With its highly configurable and competent modular solutions, Compport is setting new standards and redefining the future of compensation management, globally.

Krish Shankar, a distinguished and inspirational human resources leader, brings extensive experience across diverse industries, including technology, telecommunications, and consumer goods. He has held pivotal HR leadership roles at prominent organizations, such as Bharti Airtel, Philips, and Hindustan Unilever, where he played a role in shaping their future and served as a true inspiration to many HR colleagues. Most recently, Krish served as the Group Head of Human Resource Development at Infosys. He served as President of the National HRD Network in India (2019–2021) and was honoured with XLRI’s Distinguished Alumni Award, in 2019. He is the author of Catalyse: Power up Your People Ecosystem, a key resource for HR leaders, offering insights on building strong organizational culture and talent ecosystems.

“We are honoured and thrilled to welcome Krish to our Board of Advisors,” said Sachin Bajaj, Founder & CEO of Compport. “The addition of Krish Shankar, a highly experienced leader in the technology and consumer industries, as a board advisor brings invaluable expertise. His deep understanding of HR and the rewards domain will enhance Compport’s ability to deliver solutions that are both highly responsive and tailored to the evolving needs of our clients, ensuring they remain competitive and agile in today’s complex compensation landscape.”

Navneet Rattan, Compport’s COO, Partner and Global Product Head, highlighted Krish’s impact on the Indian market: “Krish’s leadership will be pivotal, as we elevate HR practices in India and beyond. With his guidance, Compport will advance its mission to set new benchmarks in compensation technology.”

“Having closely observed Compport’s impressive journey, I am excited to join the advisory board. I look forward to contributing to Compport’s vision of transforming compensation on a global scale through innovative technology — delivering solutions that make transparency and equity attainable and aligned with the expectations of today’s workforce worldwide,” said Krish Shankar.

As Compport continues to scale its global footprint and enhance its suite of solutions, Krish’s deep expertise will play a pivotal role in driving their innovation and excellence.

His contribution will strengthen Compport’s commitment to empowering companies worldwide, with powerful tools to build fair, transparent, and competitive reward strategies that inspire and motivate talent in today’s dynamic landscape.

About Compport

Compport is a leading SaaS platform providing advanced compensation and people analytics software. It is used in 35+ countries and trusted by some of the world’s largest organizations. The platform is incredibly configurable and supports a full range of rewards processes, including annual and ad-hoc salary reviews, bonus structuring, total rewards statements, sales incentives, long-term incentives (LTI), and pay equity initiatives. With Compport, HR and total rewards leaders can efficiently design, budget, and forecast compensation plans, while empowering managers to digitally review and communicate pay details — all in one seamless platform.

For media inquiries, please contact: 

Akash Bhat
Head of Marketing, Compport
akash.bhat@compport.com

Photo: https://mma.prnewswire.com/media/2559103/Krish_Shankar_Compport.jpg
Logo: https://mma.prnewswire.com/media/2345356/4556195/Compport_Logo.jpg

 

View original content to download multimedia:https://www.prnewswire.com/in/news-releases/compport-welcomes-hr-leader-krish-shankar-to-its-board-of-advisors-strengthening-its-global-mission-to-transform-compensation-practices-302307825.html

Continue Reading

Technology

Qingdao’s Laoshan district boosts innovative growth

Published

53 minutes ago

on

November 18, 2024

By

QINGDAO, China, Nov. 18, 2024 /PRNewswire/ — A news report from chinadaily.com.cn: 

Important in Qingdao’s development strategy, Laoshan district is a city of science and technology that is a fertile ground for innovation and a number of strategic emerging industries and future industries.

In 1994, the initial batch of high-tech enterprises in Qingdao began to congregate in Laoshan. Over the past 30 years, Laoshan has focused on expanding and strengthening the value chains of seven key industries including artificial intelligence, virtual reality, and modern finance.

The district has attracted a large number of innovative enterprises, including nine unicorn companies, 28 nationally recognized specialized and new “little giant” enterprises, 47 provincial-level gazelle enterprises, and 920 high-tech enterprises, all of which are among the top in the city in terms of quantity.

Laoshan district currently has the highest density of scientific and technological innovation in Shandong, with 178 high-tech enterprises per 10,000 companies, 52 national and provincial-level scientific research institutions, and 160 academicians and high-level talents.

By 2023, the proportion of the output value of high-tech industries in Laoshan district to the total output value of large-scale industries reached 86.55 percent, with the leading industry scale exceeding 180 billion yuan ($25.33 billion). Laoshan district has been selected as one of the nation’s top 100 industrial zones for two consecutive years.

Taking virtual reality as an example, as early as 2016, Laoshan district proposed that it become China’s virtual reality industry capital. In 2022, Qingdao constructed an industrial park featuring virtual reality in Laoshan, which has a planned area of over 2,000 mu (133.33 hectares), aiming to create an internationally leading highland for the virtual reality industry.

With the establishment of the industrial park, Laoshan district has vigorously attracted industry-leading enterprises and high-growth companies, as well as top talents in virtual reality. Currently, the park has attracted leading consumer-facing companies such as Douyin Pico and Dapeng VR, as well as core supporting enterprises such as electroacoustic components manufacturer GoerTek and Chinese virtual reality headset maker Pico. Shipments of high-end VR products from leading companies in the park account for over 80 percent of the domestic market.

In 2023, the scale of the virtual reality industry in Laoshan district surpassed 18 billion yuan, a year-on-year increase of 50 percent, and the virtual reality industry cluster was selected as a provincial-level future industry cluster.

Photo – https://mma.prnewswire.com/media/2560110/QINGDAO.jpg

View original content:https://www.prnewswire.co.uk/news-releases/qingdaos-laoshan-district-boosts-innovative-growth-302308048.html

Continue Reading

Trending