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Global Industrial Computed Radiography Market to reach USD XXX billion by the end of 2029

Global Industrial Computed Radiography Market Size study & Forecast, by Application (Oil & Gas, Petrochemical & Chemical, Foundries, Aerospace & Defense) and Regional Analysis, 2022-2029

Product Code: OIRIA-92845876
Publish Date: 16-11-2022
Page: 200

Global Industrial Computed Radiography Market is valued approximately at USD XXX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XXX% over the forecast period 2022-2029. Industrial Computed Radiography is a computerized radiography. This is a type of non-destructive testing (NDT). This is used to examine the safety and integrity of assemblies and elements produced. The Industrial Computed Radiography market is expanding because of factors such as growing aerospace & defense, oil & gas industries, healthcare, industrial & manufacturing industries and growing need for non-destructive testing in the global market. The market is anticipated to grow in the near future, owing to technological advancement in the Industrial Computed Radiography and rising investments in the Industrial Computed Radiography.

According to Statistiches Bundesamt, revenue of Repair & Maintenance of aircraft & spacecraft industry, is expected to amount USD 231 Million, by the year end 2024 from USD 226 Million in the year 2022 and USD 2.2K, in the year 2021. Additionally, rising investments in the Aerospace sector has also propelled the growth of the Industrial Computed Radiography Market. according to the India Brand Equity Foundation, in February 2021, 34 aerospace and defense firms invested a total of USD 32.29 Crore. The main objective of this investment was to boost the growth of Aviation business in Karnataka. Further, Abhyuday Bharat defense cluster invested USD 12.92 crore, Gopalan Aerospace Ltd invested USD 5.66 crore whereas Alpha Design Technology invested USD 3.23 crore, and Tesbl Aerospace Corporation, invested USD 3.23 crore, and others. Further, according to the Geospatial World, in May 2020, the Chinese firms have invested over and above USD 1850 Million, by the year 2020 from USD 900 Million, in the year 2014. However, High installation costs and stringent governmental regulation in the market may halt market growth.

The key regions considered for the Global Industrial Computed Radiography Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to rising healthcare industry in the region. According to U.S. Centers for Medicare & Medicaid Services, By the end of 2028, the global healthcare market is expected to be worth USD 665.37 billion. In 2020, the US spent USD 4.1 trillion on national healthcare, or USD 12,530 per person and is expected to increase to USD 6.2 trillion by 2028. Asia Pacific is expected to grow significantly during the forecast period, owing to rising technological innovations. This is because countries like India, China, Japan, South Korea, Australia and other countries are majorly developed and developing. These countries are growing at a rapid pace and have a higher market share globally. Which makes their customer base rising in the market. in order to compete in the dynamic market, the region is adapting itself as per changing market conditions.

Major market player included in this report are:
Carestream Health India
Durr Ndt Gmbh & Co. Kg
Baker Hughes
Fujifilm Corporation
Applus Services Sa
Rigaku Corporation
Shawcor Ltd
Bluestar Limited
Virtual Media Integration
Acuren

Recent Developments in the Market:
 In February 2022, The Canadian government revealed a large investment in the country’s semiconductor and photonics businesses. The USD 177 million investment is expected to strengthen Canada’s position as a global leader in photonics and could support semiconductors research and production. In Canada, there are more than 100 domestic and international semiconductor businesses engaged in microchip development and research. It has more than 30 applied research laboratories and five commercial establishments in fields such compound semiconductors, microelectromechanical systems (MEMS), and sophisticated packaging.
Global Industrial Computed Radiography Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Application, and Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Application:
Oil & Gas
Petrochemical & Chemical
Foundries
Aerospace & Defense

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. Industrial Computed Radiography Market, by region, 2019-2029 (USD Billion)
1.2.2. Industrial Computed Radiography Market, by Application, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Industrial Computed Radiography Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Industrial Computed Radiography Market Dynamics
3.1. Industrial Computed Radiography Market Impact Analysis (2019-2029)
3.1.1. Market Drivers
3.1.1.1. Increasing aerospace & defence, oil & gas industries, industrial & manufacturing industries
3.1.1.2. Growing need for non-destructive testing in the global market
3.1.2. Market Challenges
3.1.2.1. High installation costs
3.1.2.2. Stringent governmental regulation in the market
3.1.3. Market Opportunities
3.1.3.1. Technological advancements in the Industrial Computed Radiography
3.1.3.2. Rising investments in the Industrial Computed Radiography
Chapter 4. Global Industrial Computed Radiography Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economic
4.3.3. Social
4.3.4. Technological
4.4. Investment Adoption Model
4.5. Analyst Recommendation & Conclusion
4.6. Top investment opportunity
4.7. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Industrial Computed Radiography Market, by Application
6.1. Market Snapshot
6.2. Global Industrial Computed Radiography Market by Application, Performance – Potential Analysis
6.3. Global Industrial Computed Radiography Market Estimates & Forecasts by Application 2019-2029 (USD Billion)
6.4. Industrial Computed Radiography Market, Sub Segment Analysis
6.4.1. Oil & Gas
6.4.2. Petrochemical & Chemical
6.4.3. Foundries
6.4.4. Aerospace & Defence
Chapter 7. Global Industrial Computed Radiography Market, Regional Analysis
7.1. Industrial Computed Radiography Market, Regional Market Snapshot
7.2. North America Industrial Computed Radiography Market
7.2.1. U.S. Industrial Computed Radiography Market
7.2.1.1. Application breakdown estimates & forecasts, 2019-2029
7.2.2. Canada Industrial Computed Radiography Market
7.3. Europe Industrial Computed Radiography Market Snapshot
7.3.1. U.K. Industrial Computed Radiography Market
7.3.2. Germany Industrial Computed Radiography Market
7.3.3. France Industrial Computed Radiography Market
7.3.4. Spain Industrial Computed Radiography Market
7.3.5. Italy Industrial Computed Radiography Market
7.3.6. Rest of Europe Industrial Computed Radiography Market
7.4. Asia-Pacific Industrial Computed Radiography Market Snapshot
7.4.1. China Industrial Computed Radiography Market
7.4.2. India Industrial Computed Radiography Market
7.4.3. Japan Industrial Computed Radiography Market
7.4.4. Australia Industrial Computed Radiography Market
7.4.5. South Korea Industrial Computed Radiography Market
7.4.6. Rest of Asia Pacific Industrial Computed Radiography Market
7.5. Latin America Industrial Computed Radiography Market Snapshot
7.5.1. Brazil Industrial Computed Radiography Market
7.5.2. Mexico Industrial Computed Radiography Market
7.6. Rest of The World Industrial Computed Radiography Market

Chapter 8. Competitive Intelligence
8.1. Top Market Strategies
8.2. Company Profiles
8.2.1. Carestream Health India
8.2.1.1. Key Information
8.2.1.2. Overview
8.2.1.3. Financial (Subject to Data Availability)
8.2.1.4. Product Summary
8.2.1.5. Recent Developments
8.2.2. Durr Ndt Gmbh & Co. Kg
8.2.3. Baker Hughes
8.2.4. Fujifilm Corporation
8.2.5. Applus Services SA
8.2.6. Rigaku Corporation
8.2.7. Shawcor Ltd
8.2.8. Bluestar Limited
8.2.9. Virtual Media Integration
8.2.10. Acuren Inc
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Data Collection:
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In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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