Automotive and Transportation Segment to Dominate Europe Industrial Radiography Market during 2019–2028

According to a new market research study on “Europe Industrial Radiography Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Technique and End-User Industry,” is expected to reach US$ 307.88 million by 2028 from US$ 172.46 million in 2021. The market is estimated to grow at a CAGR of 8.6% from 2021 to 2028. The report provides trends prevailing in the Europe industrial radiography market along with the drivers and restraints pertaining to the market growth. Rising importance of quality control is the major factor driving the growth of the Europe industrial radiography market. However, radiation hazards, government regulations, and scarcity of high skilled labour may hinder the growth of Europe industrial radiography market.

Europe witnessed a varying impact of the COVID-19 pandemic across its economically diverse countries. For instance, countries such as Germany, the UK, the Netherlands, and France imposed stringent government restrictions and closed their borders to curb the virus spread. Additionally, countries such as Italy, Russia, and Spain witnessed a significant surge in COVID-19 cases, which led them to shut down businesses and manufacturing operations for a few months. However, numerous European countries witnessed a swift recover from the quarter 4 of 2020. Irrespective of the surge in the number of COVID-19 cases and the shutting down of business operations for months, manufacturers had to continue the production of essential products, resume it earlier than other businesses. This severely impacted the number of businesses associated or involved in manufacturing operations, such as x-ray machines manufacturers. Further, since manufacturing facilities in the region were completely shut down for months, the manufacturers of industrial radiography faced several challenges related to procuring raw material and keeping up with the overall stock. However, since the beginning of 2021, governments of countries in Europe expedited the vaccination process, and currently the number of COVID-19 cases in the region has drastically reduced. Seeing this, the government authorities have now opened up the economies. Furthermore, countries such as Germany are heavily investing in offshore wind generation projects. Germany is the birthplace of Industry 4.0, and enterprises investing in digitalization will require a high level of testing labs. Manufacturers can better handle spare parts thanks to real-time monitoring and improved analytics, which would drive the growth of the industrial radiography market in the coming years. The COVID-19 pandemic has a negative impact on the industrial radiography market in major countries of Europe.

The Europe industrial radiography market is segmented on the basis of technique, end-user industry, and country. Based on technique, the market is bifurcated into digital radiography and film-based radiography. In 2020, the digital radiography segment held the largest share Europe industrial radiography market. By end-user industry, the market is segmented into petrochemical and gas, power generation, manufacturing, aerospace, automotive & transportation, and others. In 2020, the automotive & transportation segment held the largest share Europe industrial radiography market. Based on country, the market is segmented into Germany, France, Italy, UK, Russia, and rest of Europe. In 2020, Germany held the largest share Europe industrial radiography market. 

3DX-RAY, Anritsu, Comet Group, Fujifilm Corporation, GENERAL ELECTRIC, METTLER TOLEDO, Nikon Corporation, SHIMADZU CORPORATION, and ZEISS International are among the leading companies in the Europe industrial radiography market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, 3DX-RAY supply THREATSCAN-LSC PORTABLE X-RAY SCANNER SYSTEMS to BRITAIN’S ROYAL AIR FORCE