Valued to be $589.6 Million by 2026, Industrial Digital Radiography Slated for Robust Growth Worldwide

SAN FRANCISCO, Sept. 17, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Industrial Digital Radiography - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 5; Released: April 2021
Executive Pool: 1092
Companies: 34 - Players covered include 3DX-Ray; American testing services; Anritsu; Applied Technical Services Inc.; Ashtead technology Ltd.; Bosello High Technology; Comet Group; Fujifilm; General Electric; Mettler-Toledo; Mistras Group Inc.; Nikon; Nordson dage; North Star Imaging; Perkinelmer; Shimadzu; Teledyne DALSA; Thales Group; TUV Rheinland AG; TWI and Others.
Coverage: All major geographies and key segments
Segments: Imaging Technology (Computed Tomography, Computed Radiography, Direct Radiography); End-Use (Automotive, Oil & Gas, Aerospace & Defense, Manufacturing, Power Generation, Other End-Uses)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

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ABSTRACT-

Global Industrial Digital Radiography Market to Reach $589.6 Million by 2026
Amid the COVID-19 crisis, the global market for Industrial Digital Radiography estimated at US$416.9 Million in the year 2020, is projected to reach a revised size of US$589.6 Million by 2026, growing at a CAGR of 5.8% over the analysis period. Computed Tomography, one of the segments analyzed in the report, is projected to record a 5.3% CAGR and reach US$249.4 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Computed Radiography segment is readjusted to a revised 5.8% CAGR for the next 7-year period.

The U.S. Market is Estimated at $132.6 Million in 2021, While China is Forecast to Reach $104.2 Million by 2026
The Industrial Digital Radiography market in the U.S. is estimated at US$132.6 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$104.2 Million by the year 2026 trailing a CAGR of 5.4% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.5% and 4.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.8% CAGR.

Direct Radiography Segment to Reach US$164.8 Million by the year 2026
In the global Direct Radiography segment, USA, Canada, Japan, China and Europe will drive the 6.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$89.9 Million in the year 2020 will reach a projected size of US$140.2 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More

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Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.