Industrial Radiography Equipment Market
The market for Industrial Radiography Equipment was estimated at $1.3 billion in 2024; it is anticipated to increase to $2.4 billion by 2030, with projections indicating growth to around $3.9 billion by 2035.
Global Industrial Radiography Equipment Market Outlook
Revenue, 2024
Forecast, 2034
CAGR, 2025 - 2034
The Industrial Radiography Equipment industry revenue is expected to be around $1.5 billion in 2025 and expected to showcase growth with 10.3% CAGR between 2025 and 2034. This impressive growth can primarily be attributed to the increasing application of Industrial Radiography Equipment across various industries such as aerospace, automotive, and power generation. Ensuring material integrity, verifying product reliability, and enhancing safety protocols have been the primary drivers bolstering the demand for this innovative tool. Coupled with stringent government regulations for ensuring occupational safety, the relevance of Industrial Radiography Equipment in the modern industrial landscape continues unabated.
Industrial Radiography Equipment, often recognized for its non-destructive testing capabilities, provides detailed internal and external images of components by utilizing high-energy radiation. This equipment is critical in detecting defects that may not only be visible to the naked eye. Apart from traditional applications in manufacturing and production lines, recent trends indicate a rising demand in pipeline inspection, especially in the oil and gas sector.
Market Key Insights
- The Industrial Radiography Equipment market is projected to grow from $1.3 billion in 2024 to $3.6 billion in 2034. This represents a CAGR of 10.3%, reflecting rising demand across Non-Destructive Testing, Petrochemical & Gas Industry and Aircraft Maintenance.
- GE Inspection Technologies, Nikon Metrology, North Star Imaging Inc. are among the leading players in this market, shaping its competitive landscape.
- U.S. and Germany are the top markets within the Industrial Radiography Equipment market and are expected to observe the growth CAGR of 7.5% to 10.8% between 2024 and 2030.
- Emerging markets including Indonesia, Mexico and UAE are expected to observe highest growth with CAGR ranging between 9.9% to 12.9%.
- Transition like The Shift to Digital is expected to add $101 million to the Industrial Radiography Equipment market growth by 2030.
- The Industrial Radiography Equipment market is set to add $2.2 billion between 2024 and 2034, with manufacturer targeting Corrosion Mapping & Weld Inspection Application projected to gain a larger market share.
- With Rising non-destructive testing applications, and Industry 4.0 and automation, Industrial Radiography Equipment market to expand 167% between 2024 and 2034.
