The world today is moving forward amidst change, with challenges and opportunities surging like tides, never ceasing. In the wave of technological development, X-ray inspection equipment is becoming an indispensable tool for many industries due to its precision and efficiency. Its technological progress has not only promoted the improvement of downstream product quality but also brought revolutionary impetus to the development of intelligent manufacturing.
Facing complex and ever-changing market competition, X-ray inspection equipment technology continues to iterate, and downstream application fields are constantly expanding. From the high-precision semiconductor field to the fields of casting, welding, and material inspection that require extremely high energy and penetration performance, to the consumer-related fields, enterprises with core X-ray inspection equipment technology are pioneering new territories, continuously accumulating advantages, occupying higher market shares, and leading market development.
Globally, the X-ray inspection equipment market, which has a century-long development history, is undergoing new changes due to the rise of Chinese enterprises. Leading Chinese companies adhere to the path of technological innovation, promote the construction of new productive forces, are customer-oriented, deeply cultivate key technologies across the entire X-ray inspection equipment industry chain, and demonstrate their ambition to become global leaders.
Looking ahead, X-ray inspection technology will continue to cultivate and iterate in the industry. We are committed to presenting a comprehensive and detailed market competition picture for this ever-changing market through rigorous and in-depth industry research, for the enjoyment of readers.
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Industrial X-ray inspection equipment is widely used in semiconductors, electronic manufacturing, new energy batteries, food inspection, security inspection, as well as general industrial fields such as casting, welding, materials, mineral processing, power, and archaeology. In the past, X-ray inspection technology was long dominated by European, American, and Japanese companies; currently, after achieving core component/technology breakthroughs and domestic substitution, Chinese companies are accelerating their overseas layout, with a steady increase in global market share.
Core components and technologies include X-ray sources, detectors, and AI imaging software: The X-ray source is the most critical component in X-ray inspection equipment, with micro-focus X-ray sources and high-power X-ray sources having extremely high technical barriers. With the technological breakthroughs of Chinese companies, the future market scale of industrial X-ray sources in China will exceed 8 billion RMB, with the micro-focus X-ray source market exceeding 5 billion RMB.
The global and Chinese industrial X-ray inspection equipment markets maintain a strong growth trend, expanding at a compound annual growth rate of 13.1% and 15.1% respectively from 2020 to 2024. With the rapid advancement of intelligent manufacturing, by 2030, the market scale of industrial X-ray inspection equipment in China will reach 348.5 billion RMB, and the global market scale will exceed 1030.0 billion RMB.
In 2024, the markets for X-ray inspection equipment in China's semiconductor and electronic manufacturing, new energy battery, and casting welding fields will have a high concentration. Among them, Chinese companies' market shares in these three sub-fields are about 14%, 75%, and 28%, respectively. Domestic substitution has made significant progress in the new energy battery field and still has significant room for improvement in the semiconductor and casting welding fields.
Industrial X-ray inspection equipment is accelerating its development towards 3D/CT, online automation, AI intelligence, globalization, and high-end domestic products. There is significant room for domestic substitution in the high-end market, and new industry trends will reshape the global market competition pattern. COMET, ZEISS, Baker Hughes, and Raytheon are leading enterprises in the global and Chinese industrial X-ray inspection equipment markets. Chinese leading companies have demonstrated their development potential to leapfrog into global leadership by strengthening independent R&D capabilities and global strategic layout.
