Asia Pacific Industrial Computed Tomography Market By Application (Flaw Detection & Inspection, Failure Analysis, Assembly Analysis, Dimensioning & Tolerancing Analysis and Others), By Offering (Equipment and Services), By Vertical (Automotive, Electronics, Aerospace & Defense, Oil & Gas and Others), By Country, Growth Potential, COVID-19 Impact Analysis Report and Forecast, 2021 - 2027
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Get in-depth analysis of the COVID-19 impact on the Asia Pacific Industrial Computed Tomography Market
Market Report Description
The Asia Pacific Industrial Computed Tomography Market would witness market growth of 8.6% CAGR during the forecast period (2021-2027).
Industrial X-ray and CT systems are capable of bringing high accuracy and measuring internal and external dimensions at the same time without destroying the part. In addition, they offer additional insight through the fourth dimension of material density and structure, thereby making X-ray technology must-have equipment in the production toolbox.
One of the major catalysts for the growth of the industrial CT scanning systems is how the technology for digital detectors has enhanced. As the digital detectors have become advanced in obtaining superior image quality, the increment in the detector sizes has also enabled makers who create larger parts to adopt industrial CT scanning efficiently.
The Asia Pacific industrial computed tomography market would be fuelled by the surge in the requirement for early diagnosis, the high inclination for minimally invasive diagnostic techniques, growing global rates of targeted diseases along with a growing geriatric population, rising advantages of CT scans in comparison to other imaging modalities, and technological developments. Additionally, the growing demands from the industrial sector would boost the growth of the regional market.
The region was hit hard by the outbreak of the COVID-19 pandemic and witnessed the closure of factories, disruption in the supply chain, and economic slowdown. Due to these aspects, the growth of the regional market was hampered for a certain time period. However, the growth of the regional market would be credited to the growing deployment of industrial CT systems for testing & inspection uses among different industries like aerospace & defense, electronics, and automotive. These factors are expected to fuel the regional industrial computed tomography market during the forecast period.
The China market dominated the Asia Pacific Electronics Industrial Computed Tomography Market by Country 2020, thereby, achieving a market value of $15.2 million by 2027. The Japan market is showcasing a CAGR of 7.1% during (2021 - 2027). Additionally, The India market is anticipated to grow at a CAGR of 8.4% during (2021 - 2027).
Based on Application, the market is segmented into Flaw Detection & Inspection, Failure Analysis, Assembly Analysis, Dimensioning & Tolerancing Analysis and Others. Based on Offering, the market is segmented into Equipment and Services. Based on Vertical, the market is segmented into Automotive, Electronics, Aerospace & Defense, Oil & Gas and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Omron Corporation, Carl Zeiss AG, Shimadzu Corporation, Baker Hughes Company, Comet Holding AG (YXLON International), VJ Group, Inc., Werth, Inc. (Werth Messtechnik GmbH), Rigaku Corporation, Illinois Tools Works, Inc. (North Star Imaging, Inc.), and Nikon Corporation (Nikon Metrology NV)
Scope of the Study
Market Segments Covered in the Report:
- Flaw Detection & Inspection
- Failure Analysis
- Assembly Analysis
- Dimensioning & Tolerancing Analysis
- Aerospace & Defense
- Oil & Gas
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Omron Corporation
- Carl Zeiss AG
- Shimadzu Corporation
- Baker Hughes Company
- Comet Holding AG (YXLON International)
- VJ Group, Inc.
- Werth, Inc. (Werth Messtechnik GmbH)
- Rigaku Corporation
- Illinois Tools Works, Inc. (North Star Imaging, Inc.)
- Nikon Corporation (Nikon Metrology NV)
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