Industrial Computed Tomography Market Latest Trends, Industry Growth And Forecast To 2028: Grand View Research Inc.

 Industrial Computed Tomography Market Growth & Trends

The global industrial computed tomography market size is expected to reach USD 765.8 million by 2028, registering a CAGR of 7.5% from 2021 to 2028, according to a new report by Grand View Research, Inc. The increasing use of CT scanners in industries, such as automotive, electronics, oil & gas, and aerospace among several others, is anticipated to boost the market growth over the forecast period. Moreover, a rise in the demand for advanced electronics is expected to support market growth.

Industrial computed tomography systems are increasingly being used for inspecting and testing the internal and external structure & design of various complex parts and components without destructing/disassembling the product. Additive manufacturing technology is increasingly being used for the production of multiple complex parts and structures. Therefore, to inspect the product’s conformity with the original CAD designs, industrial CT scanners are used to determine the structure, dimensions, design, and tolerance of these products without altering their structure/form.

The benefits offered by industrial CT scanners, including manufacturing cost reduction, improved product design, and performance, as well as reduced product failure instances, are also expected to boost their adoption amongst the manufacturers. Moreover, these scanners provide high-quality inspection images that ease the inspection process and provide detailed information about the product under examination. Furthermore, assembly analysis is increasingly being done using the industrial computed tomography systems in the automotive industry that does not require the assembled systems to be disassembled for inspection. These benefits are expected to drive market growth over the forecast period.

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Industrial Computed Tomography Market Report Highlights

• The market is majorly driven by the growing need to improve the overall product quality and reduce product recall instances
• The service segment is anticipated to register the fastest CAGR from 2021 to 2028 due to the high cost of CT scanner equipment
• The flaw detection & inspection segment held the largest share in 2020 and is also anticipated to register the fastest CAGR from 2021 to 2028
• The electronics vertical segment is expected to record the fastest CAGR of over 8.5% during the forecast period
• This growth is credited to the growing demand for various electronic devices, such as smartphones, tablets, and laptops
• North America was the largest regional market in 2020 due to the high manufacturing activities in the region across various industries, such as automotive, electronics, and oil & gas

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Industrial Computed Tomography Market Segmentation

Grand View Research has segmented the global industrial computed tomography market on the basis of offering, application, vertical, and region:

Industrial CT Offering Outlook (Revenue, USD Million, 2017 - 2028)

• Equipment
  • Line Beam Scanners
  • Cone Beam Scanners
• Services

Industrial CT Application Outlook (Revenue, USD Million, 2017 - 2028)

• Flaw Detection & Inspection
• Failure Analysis
• Assembly Analysis
• Dimensioning & Tolerancing Analysis
• Others

Industrial CT Vertical Outlook (Revenue, USD Million, 2017 - 2028)

• Oil & Gas
• Aerospace and Defense
• Automotive
• Electronics
• Others

Industrial CT Regional Outlook (Revenue, USD Million, 2017 - 2028)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa

List of Key Players of Industrial Computed Tomography Market

• Nikon Metrology NV
• OMRON Corp.
• Baker Hughes Company
• YXLON International
• ZEISS Group
• VJ Group
• Rigaku Corp.
• Shimadzu Corp.
• Werth, Inc.
• North Star Imaging, Inc.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.