According to Stratistics MRC, the Global X-ray Inspection Systems Technology is accounted for $469.89 million in 2017 and is expected to reach $1,063.48 million by 2026 growing at a CAGR of 9.5% during the forecast period. The growth is driven by the adoption of technology in the food and pharmaceutical industry, and the aviation sector and demand for technically advanced systems are the key driving factors for the market growth. However, contaminants like glass, stones, and ceramics are the factors hindering the market.
X-ray inspection systems are used to detect minute defects in any product or metal by destructive means. These inspection techniques cover a wide range of sectors such as automotive, food and pharmaceuticals and many more, from inspection of cracks in materials to the detection of external matter into materials. The increased usage of minute products and their assembly in the electronics industry requires quality inspection, which can detect hidden defects.
Based on the dimension, the 3D segment is expected to have a huge demand during the forecast period as it is a computer graphics that use a three-dimensional representation of geometric data, it keep on growing at a significant rate. Based on Geography, North America is estimated to have a lucrative growth owing to the presence of major market players, being technically advanced and high adoption rate among various industries.
Some of the key players profiled in the X-ray Inspection Systems Technology include Anritsu Industrial Solutions, Aolong Group, Bosello High Technology, DanDong Huari, GE Measurement & Control, Ishida, Loma, Mettler-Toledo International, Nikon Metrology, Nordson, North Star Imaging, Sesotec GmbH, Shi, VJ Technologies and YXLON International.