Industrial Computed Tomography Market Latest Trends, Industry Growth And Forecast To 2030: Grand View Research Inc.

 

Industrial Computed Tomography Market Growth & Trends

The global industrial computed tomography market size is expected to reach USD 1,116.5 million by 2030, registering a CAGR of 7.4% during the forecast period, according to a new report by Grand View Research, Inc. Industrial computed tomography is a non-destructive testing method for examining components such as aluminum and plastics. It is a type of radiography testing used to detect flaws in components without contact. It is increasingly used across various industries, including electronics, automotive, and oil & gas, among others. The COVID-19 pandemic negatively affected the market due to lockdowns and government travel restrictions, reducing industrial production worldwide. Growing industrialization and the rising adoption of additive manufacturing techniques across industries are driving the growth of the market for industrial computed tomography. 

The benefits offered by industrial CT include improved product design and manufacturing cost reduction and reduced product failure instances. These benefits are expected to boost the adoption of industrial CT scanners in the industries. Industrial CT scanners offer high-quality inspection images detailing the product under inspection. This improves the inspection process across industries.

Based on offering, the market is divided into exploratory equipment and services. The wide availability of various software-enabled computed tomography scanners is driving the growth of the segment. Based on type, the market is divided into high-voltage CT, micro CT, and others. High-voltage CT scanners are used for large and dense components, whereas micro CT scanners are used for small to medium-sized components.

The market players are introducing innovative solutions for industrial computed tomography to improve offerings. For instance, in February 2022, Comet Group announced the launch of a new computed tomography system called YXLON UX50. The system is based on the Geminy software platform. It is designed for foundry and automotive industries for production environment.

Some of the key players include Nikon Corporation; OMRON Corporation; Baker Hughes Company; Comet Group; ZEISS Group; Shimadzu Corporation; North Star Imaging Inc. (Illinois Tool Works Inc.); Werth Inc.; Rigaku Corporation; and VJ Technologies. These key players are adopting different development strategies, such as product launches and others, to expand their presence and market share.

In April 2023, Japan-based Nikon Corporation announced the launch of two new X-ray computed tomography inspection systems. The two variants, VOXLS 30 M 450 and VOXLS 30 C 450 deliver continuous X-ray power of up to 450 watts. The new systems have applications such as scanning large turbine blades and 3D-printed parts.

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Industrial Computed Tomography Market Report Highlights

• The increasing need to reduce product recall instances and improve overall product quality drives the market growth
• The services segment is projected to grow at the fastest CAGR over the forecast period
• The high-voltage CT segment is expected to dominate the market in 2022 with a revenue share of 42.7% and is expected to expand at a CAGR of 7.5% from 2023 to 2030
• The cone-beam CT segment is projected to grow at the fastest CAGR of 7.9% over the forecast period
• The flaw detection and inspection segment held the largest revenue share in 2022 and is expected to expand at a CAGR of 8.6% from 2023 to 2030
• The electronics segment is projected to grow at the fastest CAGR of 8.5% over the forecast period

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Industrial Computed Tomography Market Segmentation

Grand View Research has segmented the global industrial computed tomography market based on offering, type, scanning technique, application, vertical, and region:

Industrial Computed Tomography Offering Outlook (Revenue, USD Million, 2017 - 2030)

• Equipment
• Services

Industrial Computed Tomography Type Outlook (Revenue, USD Million, 2017 - 2030)

• High-voltage CT
• Micro CT
• Others

Industrial Computed Tomography Scanning Technique Outlook (Revenue, USD Million, 2017 - 2030)

• Fan-beam CT
• Cone-beam CT
• Others

Industrial Computed Tomography Application Outlook (Revenue, USD Million, 2017 - 2030)

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

Industrial Computed Tomography Vertical Outlook (Revenue, USD Million, 2017 - 2030)

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

Industrial Computed Tomography Regional Outlook (Revenue, USD Million, 2017 - 2030)

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

List of Key Players in the Industrial Computed Tomography Market

• Nikon Corporation
• OMRON Corporation
• Baker Hughes Company
• Comet Group
• ZEISS Group
• Shimadzu Corporation
• North Star Imaging Inc. (Illinois Tool Works Inc.)
• Werth Inc.
• Rigaku Corporation
• VJ Technologies

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.