Acumen Research and Consulting Industrial Radiography Equipment Market | Page 3
Therefore, during the projected period, the manufacturing segment is expected
to grow to a significant 7% CAGR.
Regional Snapshots
Geographical aspects are divided into North America, Europe, the Asia-Pacific,
the Middle East & Africa and South America, the world’s industrial radiography
equipment markets. North America, followed by Europe, was the leading market
in 2018. Due to growing popularity and increased use of industrial radiographs
in different industries in the region, market in Asia-Pacific is projected to
increase by maximum CAGR from 2019 to 2026. During the forecast period,
North America is expected to hold a substantial share of the global market for
industrial radiography equipment. This growth is primarily due to the growing
demand for industrial x-ray equipment from different industries in the region
such as aerospace and defense, semiconductors, oil and gas, and production.
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Key Players & Strategies
The key players in the world market for industrial Radiography equipment focus
on developing and marketing new products to achieve competitiveness and
improve their brand positioning in the market. In November 2018, for instance,
Fujifilm has announced that they will add to their portfolio digital radiography
solutions, two new digital radiography equipment, i.e. Calneo Dual (only
available in Japan) and the FDR ES.
In addition, major players form strategic alliances with peers and less well-
established players to gain market share. Fujifilm Corporation, Shimadzu
Corporation, Comet Group, Nikon Corporation and North Star Imaging are the
key players in the global market for industrial radiography equipments.
The market seems fragmented and the competitive environment is quite intense
in the presence of several companies including Anritsu and Comet Holding.
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