Pune, India -- (SBWIRE) -- 12/21/2015 -- According to a new market research report "Industrial Radiography Market by Imaging Technique (Film-Based and Digital), Industry (Petrochemical and Gas, Power Generation, Manufacturing, Aerospace, and Automotive and Transportation), and Geography - Global Analysis and Forecast to 2020", the global industrial radiography market is expected to grow at a CAGR of 8.2% between 2015 and 2020 and reach USD 539.0 Million by 2020.

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The increasing adoption of modern industrial radiography techniques in the automotive and aerospace industry has helped to improve the productivity of manufacturing plants while reducing the wastage significantly. The automotive and transportation application currently dominates the overall industrial radiography market. Industrial radiography has become one of the important tools for automotive manufacturers to engineer products of high quality with tighter tolerances, while also providing them a way to inspect the products during the production.

Industrial radiography uses the ionizing electromagnetic radiation method to inspect materials for hidden flaws by using the capability of short-wavelength electromagnetic radiations such as X-rays and gamma rays, to penetrate various materials. This market is expected to witness high growth in industries such as petrochemical and gas, power generation, manufacturing, aerospace, automotive and transportation, and others between 2015 and 2020. Of these, the market for the petrochemical and gas industry is expected to grow at the highest CAGR of 9.1% between 2015 and 2020.

General Electric (U.S.), the leading player in the industrial radiography market, is engaged in the design, manufacturing, and sale of advanced sensing and measurement solutions. The company develops products such as sensing elements, devices, instruments, and systems which are used to monitor, protect, control, and validate critical processes and applications. The company's industrial radiography solution fulfills critical requirements for distinctive applications and delivers productivity, quality, and safety. The company has comprehensive industrial radiography product portfolio including software solutions and also has a strong global presence.

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COMET Holding AG (Switzerland) follows General Electric (U.S.) in terms of market ranking. This company is a global provider of high-quality systems, components, and services in X-ray, e-beam, and RF technologies. With high-quality components, systems, and services, the company helps its customers worldwide to maximize the quality, reliability, and efficiency of their products and processes. COMET, YXLON, and e-beam are the company's three strong brands which serve different markets. YXLON X-ray systems for non-destructive testing are supplied to customers in the automotive, aerospace, and electronics sectors. The company has a significant presence in different geographical regions, namely, the Americas, Europe, the Middle East & Africa, and Asia-Pacific.

Key players in the industrial radiography market are 3DX-RAY LTD. (U.K.), Anritsu Corporation (Japan), Bosello High Technology srl (Italy), PerkinElmer, Inc. (U.S.), General Electric (U.S.), FujiFilm Holdings Corporation (Japan), Nikon Corporation (Japan), Shimadzu Corporation (Japan), Mettler-Toledo International Inc. (Switzerland), and COMET Holding AG (Switzerland) among others.

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