Middle East & Africa Industrial Radiography Market
The industrial radiography market in Middle East & Africa is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of the MEA. The region is projected to witness a rapid rise in urbanization and industrialization in the coming years, which would further drive the growth of diverse industries in the future. The MEA has a significant number of oil and gas facilities. Also, oil and gas pipelines are spread across the region and a few pipelines are connecting to Europe. Thus, the adoption of industrial radiography is notable across the MEA. In addition, favorable government policies for strengthening the oil & gas industry in the MEA are contributing to the growth of the industrial radiography market in the region. Moreover, the oil and gas-rich countries are focusing to shift their focus on other sectors, such as manufacturing. For instance, Dubai has established the biggest industrial centers to draw the attention of new manufacturers and encourage them to work in new plants. Further, the governments of countries in the MEA have realized the importance of the automotive industry and are taking initiatives to support the growth of the automotive manufacturing industry in the region. For instance, the Government of South Africa launched South African Automotive Masterplan (SAAM). The plan aims to broaden and deepen the local value chains. Additionally, the automotive manufacturers in South Africa are focusing on strengthening their position in the country. For instance, in 2018, Mahindra SA opened its vehicle assembly facility in Durban, South Africa. In January 2020, Toyota announced that it would invest ~US$ 266.21 million in its parts distribution and manufacturing projects in South Africa. Meanwhile, in recent years, the civil aviation sectors in countries such as Saudi Arabia, Qatar, the UAE, and Kuwait have matured. According to the Federal Aviation Administration, the aviation industry is experiencing an annual rate of 10% in the Middle East. Similarly, African countries are experiencing growth in the aviation industry owing to the rising air passenger count due to advances in the liberalization of air service agreements. The IATA projects are expecting growth in annual passengers by almost 5.9% over the next 20 years. A few of the leading aircraft manufacturers in the MEA are Israel Aerospace Industries, Elbit Systems Ltd., and Turkish Aerospace Industries. To meet the demands of their respective customers, these manufacturers strive to pace up their manufacturing facilities and production lines. Further, the rise in aircraft fleet would surge MRO activities in the coming years. Thus, all these factors are projected to generate lucrative opportunities for the industrial radiography market players during the forecast period.
Among the countries in the Middle East & Africa, Iran reported the highest number of COVID-19 cases. Moreover, Turkey, Saudi Arabia, the UAE, Egypt, Morocco, and Kuwait are among the other countries in the region that faced notable disruptive effects of the COVID-19 pandemic. The lockdown measures were imposed only in a few countries, which witnessed the rapid spread of the infection. However, in line with the global trend, the industrial radiography market in MEA witnessed a negative effect of the pandemic. The demand for new industrial radiography staggered, and since manufacturing facilities faced logistic issues and raw material procurement issues, the overall manufacturing schedule was impacted too. However, the situation improved from the beginning of 2021, as the demand for x-ray inspection solution slightly increased in various industries such as petrochemical and aerospace. The COVID-19 pandemic has a negative impact on the industrial radiography market in major MEA countries.
Strategic insights for the Middle East & Africa Industrial Radiography provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 42.68 Million |
| Market Size by 2028 | US$ 78.27 Million |
| Global CAGR (2021 - 2028) | 9.0% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Technique
|
| Regions and Countries Covered | Middle East and Africa
|
| Market leaders and key company profiles |
The geographic scope of the Middle East & Africa Industrial Radiography refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The industrial radiography market in MEA is expected to grow from US$ 42.68 million in 2021 to US$ 78.27 million by 2028; it is estimated to grow at a CAGR of 9.0% from 2021 to 2028. Growing MRO operation; from the past few years, the rising aviation industry has been propelling the demand for aircraft maintenance, repair, and overhaul (MRO) services. A few of the aircraft MRO businesses are Guangzhou Aircraft Maintenance Engineering Co., Ltd. (GAMECO), China; MTU Maintenance; and ExecuJet Haite Aviation Services China Co., Ltd. Huge spending on aviation infrastructure, economic growth, and increasing passenger count are among the factors propelling the adoption of aircraft MRO services. Moreover, the increasing number of middle-class travelers, is the main factor contributing to the growth of air travel, which is consequently increasing the need for aircraft MRO services in the region. The radiography technique is one of the most used techniques for inspecting aircraft components as it reduces overall downtime and cost subsequently. MRO companies across the region are engaged in the rapid adoption of radiography systems to ensure efficient and time-saving MRO procedures. With a rising fleet of wide-body and narrow-body aircraft, the airlines are demanding reliable and versatile systems for inspecting aircraft. Thus, it would create lucrative business opportunities for the players in the industrial radiography market in the coming years. This is bolstering the growth of the industrial radiography market.
Based on technique, the market is bifurcated into digital radiography and film-based radiography. In 2020, the digital radiography segment held the largest share MEA 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 MEA industrial radiography market.
A few major primary and secondary sources referred to for preparing this report on the industrial radiography market in MEA are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Anritsu, Fujifilm Corporation, GENERAL ELECTRIC, Nikon Corporation, NOVO DR LTD SHIMADZU CORPORATION, and ZEISS International among others.
The Middle East & Africa Industrial Radiography Market is valued at US$ 42.68 Million in 2021, it is projected to reach US$ 78.27 Million by 2028.
As per our report Middle East & Africa Industrial Radiography Market, the market size is valued at US$ 42.68 Million in 2021, projecting it to reach US$ 78.27 Million by 2028. This translates to a CAGR of approximately 9.0% during the forecast period.
The Middle East & Africa Industrial Radiography Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East & Africa Industrial Radiography Market report:
The Middle East & Africa Industrial Radiography Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East & Africa Industrial Radiography Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East & Africa Industrial Radiography Market value chain can benefit from the information contained in a comprehensive market report.
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