The X-Ray Automatic Vision Inspection System Market is anticipated to be valued at USD 875.50 Million by 2023, from USD 545.0 Million in 2017, growing at a CAGR of 6.52% between 2017 and 2023.
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X-Ray Automatic Vision Inspection System Market Overview:
The main factors driving the growth of this market carry stringent government regulations due to security matters, growing consumer awareness building the bar of safety and quality standards, and market from both developed and developing economies.
The X-Ray Automatic Vision Inspection System Market for digital imaging is anticipated to grow at a higher CAGR during the projected period in this market. The digital imaging technique requires the use of the latest technologies such as sensors, processors, and communication fields. The benefits of using this technique add instant image preview, reduced cost, enhanced image display, and high-speed processing than film-based imaging technique. Also, the operations based on digital imaging techniques are simple to use and safe. These factors collectively support its adoption in the X-Ray automatic vision inspection systems over the conventional film-based imaging technique.
X-Ray automatic vision inspection system market for the building vertical is expected to grow at the largest CAGR between 2017 and 2023. Various types of assets such as durable or nondurable consumer good, microelectronics components, and equipment have to state regulatory standard testing before they reach the consumers. This system is used in manufacturing plants to investigate and monitor regular activities for damages or irregularities, and regulate the equipment according to test recommended values, which, in turn, is encouraging the growth of this market.
X-Ray Automatic Vision Inspection System Market Geographical Insights:
The Americas is anticipated to hold the largest share of the market during 2017–2023. The Americas is home to the main players of an X-ray inspection system such as North Star Imaging, VJ Group, Inc. and General Electric Co. The well-developed production, oil and gas, and aerospace industries in this area are boosting the growth of the X-ray inspection system market as these methods are widely used for dimension measurement, routine inspection, and maintenance across these industries.
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KeyPlayers of the X-Ray Automatic Vision Inspection System Market:
The contentious landscape of this market presents an attractive picture where a large number of big and small players have grown a force to reckon with. The important players in this market are Nikon Metrology NV (Belgium), North Star Imaging, Inc. (US), VJ Group, Inc. (US), 3DX-RAY Ltd. (UK), Nordson DAGE (UK), YXLON International GmbH (Germany), VisiConsult X-ray Systems & Solutions GmbH (Germany),Mettler-Toledo International Inc.(Switzerland), Smiths Detection, Inc. (the UK), and General Electric Co. (US).
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