Industrial Computed Tomography Market Size & Share, By Offering (Equipment, Services), Type, Scanning Technique, Application, Vertical, Regional Forecast, Industry Players, Growth Statistics Report 2024-2032

Market Outlook:

Industrial Computed Tomography Market crossed USD 682.66 Million in 2023 and is predicted to reach USD 1.31 Billion by end of the year 2032, growing at over 7.5% CAGR between 2024 and 2032.

• Base Year Value (2023): USD 682.66 Million
• CAGR (2024-2032): 7.5%
• Forecast Year Value (2032): USD 1.31 Billion
• Historical Data Period: 2019-2023
• Largest Region: Asia Pacific
• Forecast Period: 2024-2032

Market Dynamics:

Growth Drivers & Opportunity:

The industrial computed tomography market is influenced by several growth drivers. One major driver is the increasing demand for non-destructive testing technologies across various industries such as automotive, aerospace, and electronics. This is due to the ability of industrial computed tomography to provide high-quality, 3D inspection of complex internal structures without damaging the sample. Moreover, another key factor driving market growth is the rising adoption of additive manufacturing technologies, which require advanced inspection methods like industrial computed tomography to ensure product quality and integrity. Additionally, the growing trend of automation and digitization in manufacturing processes is expected to further drive the market growth.

Report Scope

Report Coverage	Details
Segments Covered	Offering, Type, Scanning Technique, Application, Vertical
Regions Covered	• North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA)
Company Profiled	Nikon, OMRON, Baker Hughes Company, Comet Group, ZEISS Group, Shimadzu, North Star Imaging, Werth, Rigaku, VJ Technologies

Industry Restraints:

Despite the positive growth outlook, the industrial computed tomography market also faces certain restraints. One key constraint is the high initial investment required for purchasing and installing industrial computed tomography systems. This can be a significant barrier for small and medium-sized enterprises looking to adopt this technology. Another restraint is the lack of skilled professionals with expertise in operating and interpreting data from industrial computed tomography systems. The shortage of trained workforce hinders the widespread adoption of this technology in various industries.

Regional Forecast:

North America:

The industrial computed tomography market in North America is expected to witness significant growth due to the presence of key market players and increasing adoption of advanced technologies in industries such as automotive, aerospace, and electronics. The U.S. and Canada are the major contributors to the market growth in this region, with advancements in CT technology and growing demand for non-destructive testing driving the market expansion.

Asia Pacific:

In Asia Pacific, countries such as China, Japan, and South Korea are experiencing a surge in demand for industrial computed tomography solutions. Rapid industrialization, increasing investments in research and development, and rising awareness about the benefits of CT scanning in quality control and inspection processes are major factors driving market growth in this region.

Europe:

Europe, particularly the United Kingdom, Germany, and France, is also witnessing a steady growth in the industrial computed tomography market. The presence of well-established industries, stringent quality standards, and growing emphasis on improving manufacturing processes are fueling the adoption of CT technology in various sectors. The region is expected to offer lucrative opportunities for market players in the coming years.

Segmentation Analysis:

In terms of segmentation, the global Industrial Computed Tomography market is analyzed on the basis of Offering, Type, Scanning Technique, Application, Vertical.

Industrial Computed Tomography Market:

The Industrial Computed Tomography Market is segmented by offering into equipment and services. The equipment segment is expected to witness significant growth due to the increasing demand for advanced imaging technology in various industries. On the other hand, the services segment is projected to grow as more companies opt for outsourcing CT scanning services to reduce costs and improve efficiency.

Type:

The Industrial Computed Tomography Market is further segmented by type into cone beam CT and spiral CT. Cone beam CT technology is anticipated to dominate the market as it offers high-resolution imaging and is increasingly being adopted in industries such as automotive, aerospace, and electronics. Spiral CT technology, on the other hand, is expected to witness steady growth due to its ability to provide 3D imaging of larger objects.

Scanning Technique:

In terms of scanning technique, the Industrial Computed Tomography Market is segmented into fan beam scanning and helical scanning. Fan beam scanning is likely to be the preferred choice for industries requiring high-speed scanning and precise results. Helical scanning, on the other hand, is expected to witness growth in applications where 3D imaging of complex components is needed.

Application:

The Industrial Computed Tomography Market is segmented by application into flaw detection, assembly analysis, metrology, and reverse engineering. Flaw detection is expected to be the largest application segment, driven by the need for non-destructive testing in industries such as automotive and aerospace. Assembly analysis and metrology applications are also anticipated to witness significant growth due to the increasing focus on quality control and precision engineering.

Vertical:

Lastly, the Industrial Computed Tomography Market is segmented by vertical into automotive, aerospace, electronics, and others. The automotive industry is expected to be the largest vertical segment, driven by the growing demand for CT scanning in manufacturing processes. The aerospace and electronics industries are also anticipated to witness substantial growth, fueled by the need for advanced imaging technology in quality assurance and R&D activities.

Competitive Landscape:

The competitive landscape in the Industrial Computed Tomography Market is characterized by a mix of established players and emerging companies focusing on technological advancements and innovative applications. Key factors driving competition include the increasing demand for non-destructive testing techniques across various industries, the advancement of CT technology facilitating higher resolution imaging, and the integration of artificial intelligence for improved data analysis. Companies are striving to differentiate their offerings through enhanced software solutions, faster scanning processes, and improved portability of CT systems. Strategic collaborations, mergers, and acquisitions are also prevalent as firms aim to expand their market presence and enhance their technological capabilities.

Top Market Players

- GE Measurement & Control Solutions

- Nikon Metrology

- Carl Zeiss AG

- YXLON International

- Varex Imaging Corporation

- North Star Imaging

- Rigaku Corporation

- COMET Group

- Leiden Measurement Equipment

- Waygate Technologies