The demand for 3D printing, increased use in the automotive and aerospace industries, and the requirement for better quality control in manufacturing processes are just a few of the factors propelling the industrial computed tomography market. One of the main end-users of computed tomography (CT) systems is the automotive sector. For quality control and checking automobile parts for flaws, these methods are widely employed. Computed tomography is additionally employed in the aerospace sector to evaluate aircraft parts.
The demand for greater quality control in manufacturing processes is a persistent driver of the industrial computed tomography market. Additionally, the aerospace and automotive industries have been employing this technology to examine the interior makeup of items for a number of years. CT is also used in the electronics sector to inspect printed circuit boards. CT is used by the casting industry to examine the interior makeup of casts and identify flaws.
Industrial Computed Tomography has a number of benefits, including the ability to provide precise images of internal body regions that can be used to diagnose issues like tumours or wounds. Procedures like biopsies or surgery can be guided using industrial computed tomography. The cost of Industrial Computer Tomography is lower than that of other imaging techniques.
Using specialised x-ray equipment, industrial computed tomography (CT) creates detailed images, or scans, of various body regions. The diagnosis of issues like tumours or injuries frequently involves the use of CT scanning. Additionally, it can be utilised to direct treatments like surgery or biopsies.
At a CAGR of 8.6% over the projected period, it is anticipated that the market for industrial computed tomography would increase from USD 1.1 billion in 2020 to USD 2.5 billion by 2031.
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The high price of CT scanners is one of the key factors limiting this market's expansion. Another obstacle to the market's expansion is the dearth of qualified employees to run CT scanners. However, it is anticipated that the growing number of applications in the automotive and aerospace sectors would open up the potential for market expansion.
GE Healthcare (US), Siemens Healthineers (Germany), Philips Healthcare (Netherlands), Koninklijke Philips N.V. (Netherlands), Hitachi, Ltd. (Japan), Shimadzu Corporation (Japan), Toshiba Medical Systems Corporation (Japan), and others are some of the major players in the industrial computed tomography market.
Segment Analysis
The most lucrative market segment is expected to be the high-energy industrial CT type.
According to type, the industrial computed tomography market is divided into three groups: mini-focus industrial CT, low-energy industrial CT, and high-energy industrial CT. In 2020, high-energy industrial CT had the biggest market share, and throughout the forecast period, it is anticipated to increase at the highest CAGR. Due to its capacity to pierce heavy materials and detect minor flaws, this market is predicted to expand. Due to its lower cost compared to high-energy CT scanners, low-energy industrial CT is predicted to be the second-largest category. Because it can scan small items, the mini-focus industrial CT market is anticipated to expand at a moderate CAGR over the projected period.
The Most Popular Application Segment in Automotive
The industrial computed tomography market is segmented based on application into casting, electronics, automotive, aerospace, and others. Due to the expanding need for 3D printing in the automotive sector, the automotive sector maintained the greatest market share in 2020. The application area for 3D printed parts in the aerospace sector is anticipated to increase at the quickest rate. Due to the rising need for 3D-printed circuit boards, the electronics industry is predicted to expand significantly. Due to the rising need for 3D-printed moulds and dies, the casting segment is anticipated to expand at a moderate rate. Medical, dental plaster, and other services are included in the Others section. Due to the rising demand for 3D-printed medical implants and prosthetics, the Others section is anticipated to expand at a moderate rate.
The region of North America will provide adequate financing avenues
Due to the presence of top manufacturers in this region, North America held the biggest market share by region in 2020. Due to the rising demand for CT scanners in China and India, Asia Pacific is anticipated to have the greatest growth. Due to the availability of established healthcare infrastructure and government funding for R&D activities, the Europe region is anticipated to grow at a moderate rate. Due to a lack of knowledge regarding CT technology and a lack of government backing for R&D initiatives, the South American and Middle Eastern & African regions are anticipated to grow more slowly.
COVID-19 Impact and Market Status
Because of the COVID-19 pandemic's effects on global trade and industry, the industrial CT market has been significantly impacted globally. The demand for industrial CT systems has significantly decreased in 2020 as a result of the lockdown measures put in place by various governments. The pandemic has also resulted in a shortage of raw materials and components, which has slowed the market's expansion further. As important end users of industrial CT systems, the automotive and aerospace sectors have also had an impact on market growth. The market is anticipated to rebound in 2021 when the world economy begins to gradually revive. The expansion of the mini-focus industrial CT market is also being fueled by the expanding need for miniature products and components in the electronics sector. Due to the increasing demand for precise dimensional measurements of castings, the casting industry is another significant end-user of industrial CT systems.
Latest Innovations in the Global Industrial Computed Tomography Market: A Snapshot
• Phoenix X-Ray Systems introduced the PHX 3D CT scanner for industrial applications in January 2019.
• Nikon Metrology debuted its new XT H 225 ST CT system for industrial applications in February 2019.
• The EXPLORER Frontier 16 slice CT system, a new industrial CT system from GE Healthcare, was introduced in May 2019.
• The new ZEISS Computed Tomography CT-Pilot 2.0 for industrial applications was introduced by Carl Zeiss AG in November 2019.
Industrial Computed Tomography Market Scope
| Metrics | Details |
| Base Year | 2023 |
| Historic Data | 2018-2022 |
| Forecast Period | 2024-2031 |
| Study Period | 2018-2031 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2031 | USD 2.5 billion |
| Growth Rate | CAGR of 8.6% during 2021-2031 |
| Segment Covered | by Type, by Application, Regions |
| Regions Covered | North America, Europe, Asia Pacific, South America, Middle East and Africa |
| Key Players Profiled | GE Healthcare (US), Siemens Healthineers (Germany), Philips Healthcare (Netherlands), Koninklijke Philips N.V. (Netherlands), Hitachi, Ltd. (Japan), Shimadzu Corporation (Japan), Toshiba Medical Systems Corporation (Japan), and others |
Key Segment of Global Industrial Computed Tomography Market
By Type Overview (USD Billion)
• High Energy Industrial CT
• Low Energy Industrial CT
• Mini-Focus Industrial CT
By Application Overview (USD Billion)
• Automotive
• Aerospace
• Electronics
• Casting
• Others
By Region Overview (USD Billion)
North America
• USA
• Canada
Asia Pacific
• China
• India
• Japan
• Rest of Asia Pacific
South America
• Mexico
• Brazil
• Rest of North America
Europe
• Germany
• France
• UK
• Rest of Europe
Middle East and Africa
Frequently Asked Questions (FAQ) :
Industrial Computed Tomography Market is projected to reach USD 2.5 billion by 2031.
The Industrial Computed Tomography market is estimated to grow at a CAGR of 8.6% during 2021-2031
Key companies covered in the Industrial Computed Tomography market are GE Healthcare (US), Siemens Healthineers (Germany), Philips Healthcare (Netherlands), Koninklijke Philips N.V. (Netherlands), Hitachi, Ltd. (Japan), Shimadzu Corporation (Japan), Toshiba Medical Systems Corporation (Japan), and others