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Exploring the Global Microfocus X-Ray Sources Market Size Journey from USD 121.36 Million to a Projected USD 189.67 Million, At a CAGR of 5.72%



New York, NY, Aug. 12, 2023 (GLOBE NEWSWIRE) — Zion Market Research has published a new research report titled “Microfocus X-Ray Sources Market By Type (Open-Type And Sealed-Type), By Application (Electronic, Medical Science, And Casting Inspection), And By Region – Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030” in its research database.

“According to the latest research study, the demand of global Microfocus X-Ray Sources Market size & share in terms of revenue was valued at USD 121.36 million in 2022 and it is expected to surpass around USD 189.67 million mark by 2030, growing at a compound annual growth rate (CAGR) of approximately 5.72% during the forecast period 2023 to 2030.”

What are Microfocus X-Ray Sources? How big is the Microfocus X-Ray Sources Industry?

Microfocus X-Ray Sources Report Coverage & Overview:

Microfocus X-ray generators are designed for both 3D and 2D non-destructive examination. Additionally, the small focal point inherent in microfocus X-ray technology prevents the occurrence of image blurring, ensuring enlarged and sharply defined X-ray images. Specifically, microfocus X-rays find application in the non-destructive inspection of industrial specimens, utilizing their capacity for high-resolution imaging and magnification. It’s worth noting that a microfocus X-ray source enables the comprehensive scrutiny of objects through magnified X-ray images, serving as a means to obtain pictures with exceptional levels of detail.

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Global Microfocus X-Ray Sources Market: Growth Dynamics

Surge in elderly population susceptible to orthopedic ailments to expedite the global market space

The rise in the geriatric population prone to chronic diseases such as orthopedic disorders and cancer will proliferate the expansion of the microfocus x-ray sources market across the globe. The demand for the product has been accelerated as a result of recent developments in the design of the microfocus x-ray source. Aside from this, the constant emergence of new technologies for boosting image quality and the increased focus of industry players on product innovations will pave the way for the expansion of the market around the world. In addition to this, the market will expand as a result of the constant appearance of new technologies. The introduction of novel product advancements will make a beneficial contribution to the overall earnings of the global market.

For instance, in April 2023, Nikon Corporation, a key Japanese firm manufacturing digital SLR cameras, introduced VOXLS 40 C 450, a high-performing X-ray and CT System. The strategic move is predicted to expand the scope of demand for microfocus X-ray sources in the coming years. In September 2020, Waygate Technologies, a global provider of non-destructive testing solutions & a key division of Baker Hughes Digital Solutions, introduced next-gen industrial 3D CT tools and 2D radiography referred to as Phoenix V/tome/x S240. Such moves will provide a strong platform for the growth of the global market.

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Report Scope

Report Attribute Details
Market Size in 2022 USD 121.36 million in 2022
Projected Market Size in 2030 USD 189.67 million
CAGR Growth Rate 5.72% CAGR
Base Year 2022
Forecast Years 2023-2030
Key Market Players Microfocus X-Ray Systems, Excillum, Unicomp Technology, Source 1 X-Ray, CANON ANELVA CORPORATION, Nikon Metrology, Hamamatsu Photonics, Micro X-Ray, X-RAY WorX GmbH, Anton Paar India Pvt. Ltd, Oxford Instruments, Trufocus, Panalytical, Incoatec, Aolong, SIGRAY, Bruker Corporation, Spellman High Voltage, Kyoritsu Electric, Nordson-Dage, and Rigaku.
Key Segment By Type, By Application, and By Region
Major Regions Covered North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa
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Microfocus X-Ray Sources Market: Segmentation Analysis

The global microfocus X-ray sources market is sectored into type, application, and region.

In type terms, The worldwide market for microfocus X-ray sources is categorized into two distinct segments: open-type and sealed-type. Furthermore, the open-type segment, which captured approximately sixty-six percent of the global market share in 2022, is projected to achieve the highest Compound Annual Growth Rate (CAGR) over the subsequent eight years. The segment’s expansion in the upcoming years can be ascribed to the remarkable capabilities provided by open-type microfocus X-ray sources, combined with their cost-effectiveness. It has been reported that open-type microfocus X-ray sources can effectively identify defects smaller than 5 microns and are also suitable for thicker items.

Based on the application, The worldwide microfocus X-ray sources sector is divided into three main segments: electronics, medical science, and casting inspection. Furthermore, the casting inspection category, which made a substantial contribution to the global market share in 2022, is anticipated to achieve global industry leadership in the forthcoming years. The segment’s significant growth over the expected period can be attributed to the extensive application of microfocus X-ray sources in the nondestructive assessment of castings, particularly for identifying internal defects within them.

The global Microfocus X-Ray Sources market is segmented as follows:

By Type

  • Open Type
  •  Sealed Type

By Application

  • Electronic
  • Medical Science
  • Casting Inspection

Browse the full “Microfocus X-Ray Sources Market By Type (Open-Type And Sealed-Type), By Application (Electronic, Medical Science, And Casting Inspection), And By Region – Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030” Report at

Competitive Landscape

Some of the main competitors dominating the global Microfocus X-Ray Sources market include – 

  • Microfocus X-Ray Systems
  • Excillum
  • Unicomp Technology
  • Source 1 X-Ray
  • Nikon Metrology
  • Hamamatsu Photonics
  • Micro X-Ray
  • X-RAY WorX GmbH
  • Anton Paar India Pvt. Ltd
  • Oxford Instruments
  • Trufocus
  • Panalytical
  • Incoatec
  • Aolong
  • Bruker Corporation
  • Spellman High Voltage
  • Kyoritsu Electric
  • Nordson-Dage
  • Rigaku.

Key Insights from Primary Research:

  • As per the analysis shared by our research analyst, the global microfocus X-ray sources market is projected to expand annually at the annual growth rate of around 5.72% over the forecast timespan (2023-2030)
  • In terms of revenue, the global microfocus X-ray sources market size was evaluated at nearly $121.36 million in 2022 and is expected to reach $189.67 million by 2030.
  • The global microfocus X-ray sources market is anticipated to record massive growth over the forecast period owing to the constant emergence of new technologies for increasing image quality and the growing focus of industry players on product innovations.
  • In terms of type, the open type segment is slated to register the fastest CAGR over the analysis period.
  • On the basis of application, the casting inspection segment is predicted to dominate the segmental surge over the forecast period.
  • Region-wise, the European microfocus X-ray sources market is projected to register the highest CAGR during the assessment timeline.

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Key questions answered in this report:

  • What is the market size and growth rate forecast for Microfocus X-Ray Sources industry?
  • What are the main driving factors propelling the Microfocus X-Ray Sources Market forward?
  • What are the leading companies in the Microfocus X-Ray Sources Industry?
  • What segments does the Microfocus X-Ray Sources Market cover?
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Key Offerings:

  • Market Size & Forecast by Revenue | 2023−2030
  • Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
  • Market Segmentation – A detailed analysis By Type, By Application, and By Region
  • Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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Regional Analysis:

The Asia-Pacific region is projected to hold a significant portion of the global market share throughout the analysis period.

In 2022, Asia-Pacific commanded more than fifty percent of the total microfocus X-ray sources market share globally. This region is expected to maintain its dominance by generating substantial market revenue over the anticipated timeframe. The driving force behind the region’s market expansion during this assessment period can be attributed to the presence of influential industry players in countries like China and Japan. Additionally, the widespread utilization of this product in sectors such as healthcare, electronics, and casting will play a pivotal role in propelling regional market growth in the coming years. Notably, Japan and China will be pivotal in steering revenue growth for the regional market.

Moreover, the microfocus X-ray sources sector in Europe is poised to exhibit the highest Compound Annual Growth Rate (CAGR) within the assessment period. This growth can be attributed to the robust healthcare infrastructure in the continent, coupled with a rising demand for the product across various end-use domains. Furthermore, countries such as France, Germany, Spain, Finland, and the UK are identified as significant revenue contributors in the region, poised to substantially enhance the overall industry revenue.

By Region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • France
    • UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia Pacific
  • The Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East & Africa
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America

Microfocus X-ray Sources Market: Opportunities

The huge demand for dose reduction methods can open new vistas of growth for the global market during the forecast timeline

Humungous demand for improvement in image quality and the need for enhancing workflow efficiencies will open new growth opportunities for the global microfocus x-ray sources market. Furthermore, the need for dose-reduction techniques will enlarge the scope of the global market demand. The emergence of new technologies for improving the resolution quality of images will create new vistas of growth for the global market.

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Artificial Intelligence

Hohem Shines at IFA and IBC Exhibitions with Innovative AI Tracking Stabilizers




SHENZHEN, China, Sept. 30, 2023 /PRNewswire/ — Recently, Hohem, a trailblazer in the gimbal market, showcased its innovation at two renowned international exhibitions – the IFA exhibition in Berlin from September 3 to September 5, and the IBC exhibition in Amsterdam from September 15 to September 18. These exhibitions are significant platforms for industry players to present their latest innovations and connect with enthusiasts.

The IFA exhibition, a global hub for consumer electronics, saw Hohem presenting a range of sought-after smartphone gimbal and camera stabilizers, such as iSteady M6 and iSteady MT2. The magnetic AI tracker is much to the delight of photography enthusiasts. With this sensor, users can enjoy a smooth AI tracking experience without the need for an app or Bluetooth connection. By simply facing the AI sensor and making gestures, iSteady MT2 and iSteady M6 swiftly and accurately tracks the subject, capturing facial and body movements even in challenging scenarios.
At IFA, Hohem shared the stage with industry giants like DJI, Zhiyun, Huawei and Apple, underlining its position amidst renowned brands in the smart imaging arena. The booth design, characterized by a blend of deep black and vibrant orange, was a visual treat, adding a touch of sophistication and modernity.
Following IFA, Hohem participated in the IBC exhibition, a prestigious event in the broadcasting industry. The booth, mirroring the design theme from IFA, presented Hohem’s innovative applications of smart imaging technology in broadcasting. This event also featured industry stalwarts like Canon, Sony and Nikon, further enriching the discourse on broadcasting technology and imaging. Furthermore, the Hohem MIC-01 Wireless Microphone has received recognition and acknowledgment from industry competitors, establishing Hohem as a key player in the gimbal market.
In the coming days, Hohem will continue to uphold its brand mission of “Create a more straightforward way of recording memorable moments with tech” and introduce more user-friendly and efficient smart imaging devices. Hohem aspires to earn the trust and admiration of consumers globally, emerging as a go-to brand in the smart imaging landscape.
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Artificial Intelligence

Digital Twin Market size worth USD 133.7 Billion, Globally, by 2030 at 38.1% CAGR: Verified Market Research®




The “Global Digital Twin Market Size By Type, By Technology, By Industry, By Geographic Scope And Forecast” report has been published by Verified Market Research®. The report provides an in-depth analysis of the global Digital Twin Market, including its growth prospects, market trends, and market challenges.
JERSEY CITY, N.J., Sept. 29, 2023 /PRNewswire/ — The Global Digital Twin Market is projected to grow at a CAGR of 38.1% from 2023 to 2030, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 7.2 Billion in 2022 and is expected to reach USD 133.7 Billion by the end of the forecast period.

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202 – Pages
126 – Tables
37 – Figures
Global Digital Twin Market Sees Unprecedented Growth Amidst Pandemic Challenges
The global Digital Twin Market is experiencing remarkable growth, transforming industries and revolutionizing decision-making processes across the board. A Digital Twin, a virtual replication of physical entities or systems, is driving innovation and operational efficiency across healthcare, pharmaceuticals, automotive, transportation, and aerospace sectors.
Digital Twin Market Drivers and Industry Insights:
Amid the challenges posed by the COVID-19 pandemic, the healthcare and pharmaceutical sectors have embraced Digital Twin technology, leveraging its capabilities for drug experimentation, patient monitoring, and medication impact assessments. The energy & power sector is emerging as a significant driver of Digital Twin adoption, with the manufacturing industry optimizing operations through its integration.
Digital Twin Market Outlook and Future Prospects:
The global Digital Twin market’s outlook remains promising, driven by the imperative need for data-driven decision-making and enhanced operational efficiency. Through real-time data analysis and predictive modeling, Digital Twins enable organizations to anticipate and optimize the performance of products and processes throughout their lifecycle. The market’s growth is further propelled by ongoing advancements in technology, fostering a landscape of innovation and strategic collaborations.
North America stands at the forefront of the Digital Twin revolution, serving as a key innovation center and early adopter of Digital Twins and associated technologies. Major industry players, including General Electric (US), have significantly invested in the sector, underlining the region’s market leadership. Their contributions are shaping the industry’s future, driving research, and fostering advancements that will redefine how businesses operate in the digital age.
Digital Twin Market Key Players
The “Global Digital Twin Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Swim AI, Robert Bosch, Oracle, SAP, Ansys, Siemens AG, Microsoft Corporation, PTC, IBM, and General Electric.
The Digital Twin market represents a pivotal shift in how industries approach decision-making and operational efficiency. As we navigate the challenges brought forth by the pandemic, Digital Twins offer a beacon of innovation, enabling organizations to thrive in an increasingly digital world
To get market data, market insights, financial statements and a comprehensive analysis of the Global Digital Twin Market, please Contact Verified Market Research®.
Based on the research, Verified Market Research® has segmented the global Digital Twin Market into Type, Technology, Industry, And Geography.
Digital Twin Market, by Typeo  System Digital Twin
o  Process Digital twin
o  Product Digital Twin
Digital Twin Market, by Technologyo  Big Data Analytics
o  5G
o  AR, VR, and MR
o  AI and ML
o  Blockchain
Digital Twin Market, by Industryo  Retail
o  Telecommunication
o  Agriculture
o  Healthcare
o  Automotive and Transportation
o  Others
Digital Twin Market, by Geographyo  North America
U.SCanadaMexicoo  Europe
GermanyFranceU.KRest of Europeo  Asia Pacific
ChinaJapanIndiaRest of Asia Pacifico  ROW
Middle East & AfricaLatin AmericaBrowse Related Reports:
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Artificial Intelligence

Public Key Infrastructure (PKI) Market worth $13.8 billion by 2028 – Exclusive Report by MarketsandMarkets™




PKI will continue to be used by organisations for secure digital communications, identity management, and data protection in an increasingly linked and digitised world because to its flexibility to adapt to new technologies and security issues
CHICAGO, Sept. 29, 2023 /PRNewswire/ — The global Public Key Infrastructure Market is estimated to be worth USD 5.5 billion in 2023 and is projected to reach USD 13.8 billion by 2028, at a CAGR of 20.2% during the forecast period, according to a new report by MarketsandMarkets™.

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358 – Tables 56 – Figures300 – Pages
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Scope of the Report
Report Metrics
Market size available for years
Base year considered
Forecast period
Forecast units
Value (USD) Million/Billion
Segments Covered
By offering, deployment mode, organization size, application, and vertical
Region covered
North America, Europe, Asia Pacific, Middle East and Africa, and Latin America
Companies covered
Thales (France), Entrust Datacard (US), DigiCert (US), ManageEngine (US), Microsoft (US), HID Global (US), Google (US), AWS (US), AppViewX (US), Venafi (US), Nexus (Sweden), Sectigo (US), Futurex (US), GlobalSign (US), WISeKey (Switzerland), Cygnacom Solutions (US), Keyfactor (US), SECARDEO GmbH (Germany), Blue Ridge Networks (US), Softlock (Egypt), (US), LAWtrust (South Africa), SecureMetric (Malaysia), Stormshield (France), and Enigma Information Security Systems (US)
The PKI market is being propelled by a convergence of factors in today’s digitally connected world. The escalating volume and complexity of cyberattacks have made robust security a paramount concern for organizations, prompting increased demand for PKI’s encryption, authentication, and digital signature capabilities. Secondly, regulatory compliance requirements, such as GDPR and HIPAA, mandate secure data handling and encryption, compelling organizations to adopt PKI solutions. The rise of digital transformation initiatives, remote work, and the Internet of Things further fuel the need for PKI to safeguard digital interactions, protect sensitive data, and establish trust in online transactions. As the digital landscape continues to expand and evolve, PKI remains the linchpin for ensuring cybersecurity, making it a pivotal driver in the cybersecurity market.
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By offering, the services segment to register the highest growth rate during the forecast period
The services segment of the PKI market is poised to register the highest growth rate during the forecast period, underlining the critical role of expert services in enabling organizations to harness the full potential of PKI solutions. Implementing and managing PKI can be complex, involving intricate cryptographic processes and security considerations. As cybersecurity threats evolve, organizations recognize the need for specialized expertise in securing digital identities and data. PKI service providers offer invaluable support, consultation, and implementation services to ensure a seamless and secure PKI deployment. Their role extends to customizing PKI solutions to align with the unique infrastructure of each organization, integrating PKI seamlessly into existing systems, and providing managed PKI services to streamline certificate management. Furthermore, PKI service providers play a vital role in ensuring compliance with stringent regulatory standards and industry best practices. Their training and support services empower organizations to maximize the benefits of PKI while maintaining the highest levels of security.
Based on vertical, the healthcare segment is to grow at the highest CAGR during the forecast period
The healthcare sector is poised to experience the highest compound annual growth rate within the PKI market during the forecast period, signaling a significant shift towards robust security and digital trust solutions. Several key factors contribute to this remarkable growth trajectory. The healthcare sector deals with highly sensitive patient data, making data security and patient privacy paramount concerns. PKI’s encryption and authentication capabilities provide a robust framework for safeguarding electronic health records, ensuring the integrity of medical data, and enabling secure sharing of patient information among healthcare providers. The COVID-19 pandemic has accelerated the adoption of telemedicine and remote healthcare services. The need for secure and trusted digital identities and communications has surged as the healthcare industry increasingly relies on digital platforms for remote consultations, diagnosis, and patient monitoring. PKI plays a pivotal role in enabling secure telehealth services, ensuring that patient data remains confidential and unaltered during remote interactions.
North America to hold the largest market share during the forecast period.
North America holds the largest market share during the forecast period in the PKI market, underscoring the region’s strong emphasis on cybersecurity, digital innovation, and regulatory compliance. North America is home to many enterprises, financial institutions, healthcare organizations, and government agencies, all of which rely heavily on robust cybersecurity solutions like PKI to protect sensitive data and ensure secure online transactions. The region’s recognition of PKI as a fundamental element of cybersecurity strategy drives its substantial market share. The United States, in particular, has a highly developed cybersecurity ecosystem, with numerous cybersecurity companies, research institutions, and government initiatives focused on enhancing digital security. This environment fosters innovation and adoption of advanced PKI solutions to address emerging threats.
Top Key Companies in Public Key Infrastructure (PKI) Market:
The major players in the Public Key Infrastructure Market are Thales (France), Entrust Datacard (US), DigiCert (US), ManageEngine (US), Microsoft (US), HID Global (US), Google (US), AWS (US), AppViewX (US), Venafi (US), Nexus (Sweden), Sectigo (US), Futurex (US), GlobalSign (US), WISeKey (Switzerland), Cygnacom Solutions (US), Keyfactor (US), SECARDEO GmbH (Germany), Blue Ridge Networks (US), Softlock (Egypt), (US), LAWtrust (South Africa), SecureMetric (Malaysia), Stormshield (France), and Enigma Information Security Systems (US).
Recent Developments
April 2023 – Thales adds new phishing-resistant hybrid authenticators to its Passwordless Authentication for Microsoft Azure Active Directory Customers offering.April 2023 – Entrust Introduces Zero Trust Ready Solutions for Multi-Cloud Key Compliance, Next-Generation HSM, and Passwordless AuthenticationJanuary 2023 – A comprehensive digital trust system that combines public key infrastructure (PKI), certificate management, and certificate authority (CA) services was introduced by DigiCert. A significant product launch is Trust Lifecycle Manager, which is currently accessible as a component of the DigiCert ONE platform.February 2022 – To increase public trust in the cloud, Thales announced the continuation of its cooperation with Google Cloud. Organizations can confidently use the Google Cloud Platform (GCP) if the connection is stronger. The technique known as ubiquitous data encryption, which combines Thales’ Cypher Trust Cloud Key Manager and Google Cloud’s Confidential Computing, is activated. Customers can create and manage the encryption keys for data sent to Google Confidential Cloud Computing using the Thales Cypher Trust Data Security Gateway.Inquire Before Buying @
Public Key Infrastructure (PKI) Market Advantages:
Using cryptographic techniques to shield data from unauthorised access and manipulation, PKI offers a solid framework for protecting digital communications and transactions.Sensitive data is kept private and secure during transmission and storage because to PKI’s data encryption capabilities.Organisations are able to confirm the identity of users and devices before authorising access to sensitive resources thanks to PKI, which enables secure user and device authentication.Digital signatures can be created and verified with PKI, protecting the integrity and legitimacy of electronic documents and transactions.PKI offers non-repudiation, which makes it impossible for participants to claim they were not involved in a transaction because digital signatures serve as evidence of validity.Through techniques like S/MIME (encrypt/Multipurpose Internet Mail Extensions), PKI can encrypt email connections and protect the confidentiality and integrity of email information.Organisations can authorise access to systems and data based on certificate validation using PKI-based access controls, which provides an additional layer of protection.By issuing and managing digital certificates, PKI facilitates identity management by streamlining user access and account management.PKI offers a secure framework for data protection and identity verification, assisting organisations in adhering to legal and compliance standards.Report Objectives:
To define, describe, and forecast the Public Key Infrastructure Market based on segments based on offering, deployment mode, organization size, application, and vertical with regions covered.To forecast the size of the market segments with respect to five regions: North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America.To provide detailed information on the major factors (drivers, opportunities, threats, and challenges) influencing the growth of the Public Key Infrastructure Market.To analyze each submarket with respect to individual growth trends, prospects, and contributions to the global Public Key Infrastructure Market.To analyze opportunities in the market for stakeholders by identifying high-growth segments of the global Public Key Infrastructure Market.To profile the key market players, such as top and emerging vendors; provide a comparative analysis based on their business overviews, product offerings, and business strategies; and illustrate the market’s competitive landscape.To track and analyze competitive developments in the market, such as new product launches, product enhancements, partnerships, acquisitions, and agreements and collaborations.Browse Adjacent Market: Information Security Market Research Reports & Consulting
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