The Europe Industrial Computed Tomography Market would witness market growth of 6.2% CAGR during the forecast period (2021-2027).
The industrial CT systems are installed in the automotive industry at several phases of the manufacturing process that involve pre-production inspection, production inspection, parts sorting, and failure investigation. The scanners create accurate metrology data that allows the user to confirm the alignment of the parts with the real CAD designs, which, as a result, assists in enhancing the overall quality of the product.
Moreover, dimensioning analysis is also performed at various intervals during the production process, combined with the tolerance analysis of the manufactured parts. Furthermore, various automotive players are putting hefty investments in creating and using sophisticated CT technology for automotive applications. For example, in July 2018, BMW Group reported that the company is utilizing a sophisticated CT system for prototype development, production, and analysis applications. Thus, the unparalleled utility and application of CT scanners in the automotive sector would create new growth avenues for the segment.
The massive demand from the aerospace and aerospace industry is expected to boost the European industrial CT market in the next few years. Factors such as stringent safety norms by various governments and preventive maintenance of industrial equipment are responsible for the massive growth of the regional market. Russia, Germany, the UK, and France are some of the leading countries of the region which are witnessing high demand for the industrial CT market.
The British aerospace & defense sector is extremely massive with the existence of firms such as BAE Systems, which is one of the leading defense contractors in the world. In addition, a growing number of health and environmental concerns are encouraging the governments to install and implement various kinds of supportive initiatives meant at enhancing the performance of the aerospace industry at handling radiation protection. These aspects are taking the European industrial computed tomography market to expand further.
The Germany market dominated the Europe Services Industrial Computed Tomography Market by Country 2020, thereby, achieving a market value of $22.2 million by 2027. The UK market is exhibiting a CAGR of 6.6% during (2021 - 2027). Additionally, The France market is poised to witness a CAGR of 8.3% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Industrial Computed Tomography Market Size will Hit $719.2 Million by 2027, at a CAGR of 6.9%
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)
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