Industrial Computed Tomography Market Size (2024 - 2029)

The industrial CT scanning market is experiencing growth driven by increased demand for automated detection and monitoring systems, particularly in the wake of pandemic-related workforce limitations. This demand is further fueled by governmental incentives aimed at boosting industrial testing and monitoring systems. The market is also expanding due to the application of CT scanning technology in food production for enhanced quality inspections, as well as significant opportunities in the aerospace and defense sectors. The need for non-destructive testing to meet stringent industry standards is contributing to the market's expansion, as it supports safe and reliable inspections, thereby facilitating growth in production and inspection processes.

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Market Size of Industrial Computed Tomography Industry

Industrial Computed Tomography Market Size
Study Period 2019 - 2029
Market Size (2024) USD 502.00 Million
Market Size (2029) USD 773.45 Million
CAGR (2024 - 2029) 9.03 %
Fastest Growing Market Asia Pacific
Largest Market North America

Major Players

Industrial Computed Tomography Market Key Players

*Disclaimer: Major Players sorted in no particular order

Industrial Computed Tomography Market Analysis

The Industrial Computed Tomography Market size is estimated at USD 502 million in 2024, and is expected to reach USD 773.45 million by 2029, growing at a CAGR of 9.03% during the forecast period (2024-2029).

The pandemic virus has limited employees working on the production lines by replacing them with automated detection and monitoring systems. This has been increasing the demand for the computed tomography in the industrial sector. For instance, the South Korean government is offering an impetus up to KRW 20 billion (USD 16.8 million) to cover relocation and facility costs for firms relocating to regions outside the capital and up to KRW 15 billion to tech firms relocating to the capital region of Seoul. This is expected to boost the demand for industrial testing, detection, and monitoring systems, thereby augmenting the market for the computed tomography.

  • There is an increasing interest in applying CT scanning technology into food production facilities for foreign body detection. The primary drivers include retailers demanding higher quality inspection regimes that cannot be provided by metal detection technology alone and a desire for improved product quality, opening up new customer bases, or maintaining margins with existing customers by delivering high-quality products.
  • The aerospace and defense (A&D) industry is positioned for strong global growth, with Asia-Pacific leading the way, with around 40% of the demand accounting for 16,930 deliveries. This makes for an A&D service market of USD 3.365 billion (source: Cyient, 2019). The growing demand for commercial jets from emerging regions (as witnessed in the increase in the delivery orders by key vendors such as Airbus over the last two years) is expected to open up new opportunities in the aerospace industry.
  • Also, Collins Aerospace Systems, in June 2019, made a strategic investment in Singapore by developing an aerospace innovation hub for additive manufacturing and MRO processes. Such investments prompt the market opportunity for industrial CT in the aerospace and defense sector.
  • Consequently, with the intensification of growth of the A&D industry, industrial X-ray (DR) and computed tomography (CT) systems for non-destructive testing can meet the most critical aerospace/defense standards and ensure safe and reliable inspection of aircraft parts and materials, thereby supporting the operator at the inspection process, and also boosting the production of prototypes, as well as for spot-check sample inspection, paving the way for the growth of industrial CT market in the domain.

Industrial Computed Tomography Industry Segmentation

Industrial CT scanning uses high-powered x-rays to penetrate the internal geometries of an object, creating a perfect inspection tool for high-value parts where destructive testing is financially prohibitive. The market study covers the end-user industry such as Aerospace, Automotive, Electronics, and Oil & Gas among others. The region covered in the study includes North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa as part of the study.

Application
Flaw Detection and Inspection
Failure Analysis
Assembly Analysis
Other Applications
End User Industry
Aerospace
Automotive
Electronics
Oil and Gas
Other End User Industries
Geography
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
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Industrial Computed Tomography Market Size Summary

The industrial computed tomography (CT) market is poised for significant growth, driven by increasing demand across various sectors such as aerospace, defense, and food production. The shift towards automation in production lines, accelerated by the pandemic, has heightened the need for advanced detection and monitoring systems, including CT technology. This trend is further supported by government initiatives, such as those in South Korea, which provide financial incentives for companies to enhance their technological capabilities. The aerospace and defense industry, particularly in the Asia-Pacific region, is expected to be a major contributor to market expansion, with the growing demand for commercial jets and the need for non-destructive testing systems to meet stringent safety standards. The integration of CT scanning technology in food production facilities also reflects a broader trend towards higher quality inspection regimes, driven by retailer demands and the pursuit of improved product quality.

In Europe, the industrial CT market is bolstered by the automotive and aerospace industries, which are subject to strict safety regulations and require preventive maintenance of equipment. Countries like the United Kingdom, Germany, France, and Russia are at the forefront of this market development, with significant investments in aerospace and defense, as well as digitalization initiatives. The competitive landscape of the industrial CT market is characterized by the presence of key players who are expanding their global footprint through strategic collaborations and acquisitions. Innovations in CT technology, such as those introduced by ZEISS and Nikon, are enhancing the capabilities of non-destructive measurement and testing systems, further driving market growth. As industries continue to prioritize performance and quality, the industrial CT market is expected to experience robust expansion in the coming years.

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Industrial Computed Tomography Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Introduction to Market Drivers and Restraints

    3. 1.3 Market Drivers

      1. 1.3.1 Technology Improvements in Resolution and Image Processing

      2. 1.3.2 Intensifying Demand for Portable Radiography Equipment

    4. 1.4 Market Restraints

      1. 1.4.1 High Acquisition and Maintenace Cost of Industrial CT systems

    5. 1.5 Industry Attractiveness - Porter's Five Force Analysis

      1. 1.5.1 Threat of New Entrants

      2. 1.5.2 Bargaining Power of Buyers/Consumers

      3. 1.5.3 Bargaining Power of Suppliers

      4. 1.5.4 Threat of Substitute Products

      5. 1.5.5 Intensity of Competitive Rivalry

    6. 1.6 Assessment of the COVID-19 Impact on the Industrial Computed Tomography Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 Application

      1. 2.1.1 Flaw Detection and Inspection

      2. 2.1.2 Failure Analysis

      3. 2.1.3 Assembly Analysis

      4. 2.1.4 Other Applications

    2. 2.2 End User Industry

      1. 2.2.1 Aerospace

      2. 2.2.2 Automotive

      3. 2.2.3 Electronics

      4. 2.2.4 Oil and Gas

      5. 2.2.5 Other End User Industries

    3. 2.3 Geography

      1. 2.3.1 North America

      2. 2.3.2 Europe

      3. 2.3.3 Asia Pacific

      4. 2.3.4 Latin America

      5. 2.3.5 Middle East and Africa

Industrial Computed Tomography Market Size FAQs

The Industrial Computed Tomography Market size is expected to reach USD 502.00 million in 2024 and grow at a CAGR of 9.03% to reach USD 773.45 million by 2029.

In 2024, the Industrial Computed Tomography Market size is expected to reach USD 502.00 million.

Industrial Computed Tomography Market Report Snapshots

Industrial CT Scanning Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)