San Francisco, CA -- (SBWIRE) -- 09/17/2020 -- Industrial Computed Tomography Equipment Market: Overview

Godfrey Hounsfield introduced industrial computed tomography (CT) equipment in 1972 with the invention of the CT scanner for medical imaging. The invention earned him a Nobel Prize in medicine, which he shared with Allan McLeod Cormack. Industrial computed tomography equipment market has been used in many industries for internal inspection of components. A few main use for industrial computed tomography equipment are reverse engineering applications, metrology, flaw detection, assembly analysis, and failure analysis. In medical imaging, industrial imaging comprises both computed tomographic and non-tomographic radiography.

On the basis of end-users, the global industrial computed tomography equipment market is segmented into automotive, aerospace, electronics, and oil and gas. Among these, automotive segment is expected to lead the global industrial computed tomography equipment market. This is attributable to the rising demand for improved quality control across manufacturing processes that will drive the industrial computed tomography equipment market.

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Industrial Computed Tomography EquipmentMarket: Drivers and Restraints

The healthcare industry is experiencing prosperous and significant development on product innovation, and industrial computed tomography equipment market is experiencing similar growth factors. As this consists of incredible potential for development and revenue generation for key players, especially who manufactures technologically advanced products globally. These advancements are driving growth of the global industrial computed tomography equipment market.

Industrial computed tomography equipment is a cost intensive capital equipment and its high cost is forecasted to hamper affordability, particularly in developing and underdeveloped region. Refurbished and used industrial computed tomography equipment is available at significant low cost compared to brand new equipment. Availability of such equipment will restrain industry growth to some extent.

Nonetheless, increasing prevalence of chronic diseases globally is expected to exist as a highly impacting factor for industrial computed tomography equipment market's growth. This could reduce effects of most restraints affecting the market.

Industrial Computed Tomography Equipment Market: Notable Development

One of the emerging names in the industry, YXLON has a broad range of front-line industrial computed tomography equipment and X-ray equipment. These are designed to support all the inspection needs of different industries. The company develops specialized systems for use in areas such as electronics, aerospace, metrology, automotive, and applications. The application of industrial computed tomography equipment for non-destructive parts inspection is expanding rapidly. Other key firms are experimenting with advanced technologies to make certain systems capable of providing the best inspection results.

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Industrial Computed Tomography Equipment Market: Geographical Outlook

North America industrial computed tomography equipment market accounts for the largest revenue share in the forthcoming years. This is due to availability of CT equipment coupled with high healthcare expenditure. Furthermore, favorable government initiatives that support development in CT devices will positively influence the market growth. North America industrial computed tomography equipment market is matured therefore; new players will find it difficult to take hold of major shares. Already recognized players can leverage this opportunity, as the threat of new players are still low.

Industrial Computed Tomography Equipment Market: Competitive Landscape

The industrial computed tomography equipment market appears to be moderately fragmented with the presence of several players. This market research report will help clients identify new growth opportunities and design unique growth strategies. This can be achieved by providing a comprehensive analysis of the market's competitive landscape and offering information on the products offered by companies. The prime players in global industrial computed tomography equipment market are Bruker, GENERAL ELECTRIC, Nikon Corporation, OMRON Corporation, and ZEISS International.

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