Petrochemical and Gas Segment is Expected to be the Fastest Growing During Forecast Period for MEA Industrial Radiography Market during 2019–2028

According to a new market research study on “MEA Industrial Radiography Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Technique and End-User Industry,” is expected to reach US$ 78.27 million by 2028 from US$ 42.68 million in 2021. The market is estimated to grow at a CAGR of 9.0% from 2021 to 2028. The report provides trends prevailing in the MEA industrial radiography market along with the drivers and restraints pertaining to the market growth. Growing importance for border security is the major factor driving the growth of the MEA industrial radiography market. However, radiation hazards, government regulations, and inadequacy of high skilled labour may hinder the growth of MEA industrial radiography market.

Among the countries in the Middle East & Africa, Iran reported the highest number of COVID-19 cases. Moreover, Turkey, Saudi Arabia, the UAE, Egypt, Morocco, and Kuwait are among the other countries in the region that faced notable disruptive effects of the COVID-19 pandemic. The lockdown measures were imposed only in a few countries, which witnessed the rapid spread of the infection. However, in line with the global trend, the industrial radiography market in MEA witnessed a negative effect of the pandemic. The demand for new industrial radiography staggered, and since manufacturing facilities faced logistic issues and raw material procurement issues, the overall manufacturing schedule was impacted too. However, the situation improved from the beginning of 2021, as the demand for x-ray inspection solution slightly increased in various industries such as petrochemical and aerospace. The COVID-19 pandemic has a negative impact on the industrial radiography market in major MEA countries.

The MEA industrial radiography market is segmented on the basis of technique, end-user industry, and country. Based on technique, the market is bifurcated into digital radiography and film-based radiography. In 2020, the digital radiography segment held the largest share MEA industrial radiography market. By end-user industry, the market is segmented into petrochemical and gas, power generation, manufacturing, aerospace, automotive & transportation, and others. In 2020, the automotive & transportation segment held the largest share MEA industrial radiography market. Based on country, the market is segmented into South Africa, Saudi Arabia, UAE, and rest of MEA. In 2020, the UAE held the largest share MEA industrial radiography market. 

Anritsu, Fujifilm Corporation, GENERAL ELECTRIC, Nikon Corporation, NOVO DR LTD SHIMADZU CORPORATION, and ZEISS International are among the leading companies in the MEA industrial radiography market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, ZEISS Applies Artificial Intelligence to 3D X-ray Microscope Reconstruction Technologies.