London, United Kingdom, August 30, 2017 --(PR.com
)-- Driven by stringent government regulations, enhancing security concerns, increasing consumer awareness, rising safety and quality standards, strong demand from developed and emerging countries, the global market for X-ray inspection systems is projected to see stable healthy growth during 2017-2023, registering a 6.51% CAGR. By late 2023, the value of the X-ray inspection system market will likely reach USD 860.5 million.
Meantime, growth in this market can be hampered by such factors as the risk of radiation exposure and high cost of X-ray inspection systems.
The digital imaging technique will likely grab the biggest share of the overall X-ray inspection system market through 2023. This is attributed to the rising usage of systems based on digital imaging for the detection of damages, 3D visualization ability and reduction in time of image processing.
Amid end-use verticals, the oil and gas industry is poised to capture the largest market share through 2023.
Regionally, the highest growth rates during 2017-2023 are anticipated in the APAC X-ray inspection system market. The major growth drivers of this regional market comprise ongoing infrastructure developments, rising automation in manufacturing processes in counties like India, Japan and China, and constantly rising demand for X-ray inspection systems in the regional oil and gas, and power generation sectors.
Cutting-edge research publication “X-ray Inspection System Market by Technique, Dimension, Vertical and Geography - Global Forecast to 2023
” drawn up by MarketsandMarkets (M&M) has been recently added at MarketPublishers.com. This study presents a comprehensive analysis of the market performance at different geographical scales, features the market dynamics and key growth influencing factors, touches upon competitive landscape, includes a detailed market segmentation analysis and gives future forecasts through 2023.
Many other topical research studies can be found at MarketPublishers.com.
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