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Global Industrial Computed Tomography Market: Overview

The growing usage of techniques of additive manufacturing in production processes across sectors such as electronics, military, aerospace, and automotive is likely to aid growth of the market. In addition, improvements in sensor and digital detector technology have opened the way for a greater acceptance of industrial computed tomography (CT) scanners in the market. Additive manufacturing, commonly known as 3D printing, entails the development of complex patterns and structures that would be extremely expensive and impossible to manufacture utilizing traditional techniques. These constructions are created by applying material layer by layer, resulting in a one-piece structure. These factors are likely to foster growth of the global industrial computed tomography market in the years to come.

Transparency market research offers a comprehensive understanding of the global industrial computed tomography market through this report. It provides well-researched data on a wide variety of market aspects in order to provide useful business input for profit making.

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Global Industrial Computed Tomography Market: Notable Developments

Rigaku Corp. purchased Xwinsys Technology Development Ltd., an Israeli business that provides X-ray technology-based metrology solutions, in July 2019. The purchase was made with the intention of creating new in-line X-ray metrology equipment for the purpose of semiconductor processes, MEMS, electronics devices and packaging, and various other applications.

The noted players that are operational in the global industrial computed tomography market are North Star Imaging, Inc., Baker Hughes Company, Nikon Metrology NV, YXLON International, Rigaku Corporation, and ZEISS Group.

Global Industrial Computed Tomography Market: Key Trends

Below-mentioned market trends and opportunities mark the global industrial computed tomography market:

High Demand from the Aerospace Sector to Spell Growth for the Market

High-powered x-rays are utilized in industrial CT scanning to infiltrate an object's interior geometries, making it an ideal inspection technique for various high-value parts when destructive testing is too expensive. Most aerospace businesses have CT and X-ray systems developed for repeatability and efficiency to guarantee operation of equipment safely and accurately every time, ranging from a small electronic sensor to a complete composite helicopter rotor blade. To save time and money, aircraft manufacturers choose CT technology that can check big parts such as piston engines and turbines and in one single cycle. Industrial CT equipment may be used to examine and evaluate the density and uniformity of these super alloy elements. The huge volume of sales of these equipments from such firms or sectors has the potential to fuel expansion of the global industrial computed tomography market. The use of x-ray computed tomography for dimensional metrology in the aerospace sector for making dimensional measurements on industrial parts has numerous advantages, including the ability to make non-destructive tests that are typically unachievable with conventional measuring methods.

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Global Industrial Computed Tomography Market: Geographical Analysis

In 2020, North America ended up leading the global industrial computed tomography market, accounting for a considerable chunk of the total revenue. Over the next several years, the region will continue to grow at a rapid rate. The regional market is anticipated to expand as leading industry players increase their spending in the acceptance of new and sophisticated technologies. The region's thriving automotive and electronics sectors, as well as the existence of industry participants like Yxlon International GmbH, Nikon Metrology NV, and Baker Hughes Co., are all expected to support market expansion in the coming years. Asia Pacific is expected to be one of the rapidly growing regional markets in the forthcoming years.

The growing usage of industrial CT systems for the purpose of testing and inspection purposes across many industries, such as military, aerospace, electronics, and automotive might be linked to this rise. The region is regarded as the manufacturing hub for electronics and automotive businesses. In addition, the Asia Pacific area has the greatest quantity of oil and gas production in the world. All these factors are likely to generate demand for industrial computed tomography in the years to come.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Industrial Computed Tomography Market