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The Industrial Computed Tomography Equipment Market is projected to grow by USD 147.3 million from 2024-2028, driven by rising demand from the oil and gas industry – Technavio

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NEW YORK, Sept. 10, 2024 /PRNewswire/ — Report on how AI is driving market transformation- The global industrial computed tomography equipment market  size is estimated to grow by USD 147.3 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 8.46%  during the forecast period. Renewed demand from the oil and gas industry is driving market growth, with a trend towards rising demand for portable radiography equipment. However, high cost of industrial computed tomography equipment  poses a challenge. Key market players include Avonix Imaging, Baker Hughes Co., Blue Star Ltd., Bruker Corp., Carl Zeiss AG, Comet Yxlon GmbH, CyXplus SAS, Dandong Aolong Radiative Instrument Group Co. Ltd., General Electric Co., Nikon Corp., North Star Imaging Inc., OMRON Corp., Pinnacle X ray Solutions Inc., ProCon X Ray GmbH, Rigaku Corp., RX Solutions, Shanghai Eastimage Equipment Co. Ltd., Shimadzu Corp., VJ Group Inc., and Werth Messtechnik GmbH.

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Application (Flaw detection and inspection, Assembly analysis, Failure analysis, and Others), End-user (Automotive, Aerospace, Electronics, Oil and gas, and Others), and Geography (APAC, Europe, North America, South America, and Middle East and Africa)

Region Covered

APAC, Europe, North America, South America, and Middle East and Africa

Key companies profiled

Avonix Imaging, Baker Hughes Co., Blue Star Ltd., Bruker Corp., Carl Zeiss AG, Comet Yxlon GmbH, CyXplus SAS, Dandong Aolong Radiative Instrument Group Co. Ltd., General Electric Co., Nikon Corp., North Star Imaging Inc., OMRON Corp., Pinnacle X ray Solutions Inc., ProCon X Ray GmbH, Rigaku Corp., RX Solutions, Shanghai Eastimage Equipment Co. Ltd., Shimadzu Corp., VJ Group Inc., and Werth Messtechnik GmbH

Key Market Trends Fueling Growth

Portable industrial computed tomography (CT) equipment is increasingly preferred by businesses in industries like oil and gas, automotive, and aerospace. The equipment’s mobility allows for inspections at various locations and positions, making it particularly useful for industries with geographically dispersed assets. In oil and gas, a single CT system can serve multiple rigs and pipeline points. Companies such as Bruker, ProCon X-Ray GmbH, and Nikon provide portable CT solutions. Bruker’s SKYSCAN 1174 and ProCon X-Ray’s CT-PORTABLE models cater to small objects and various materials. These compact, portable systems reduce testing expenses by enabling inspections at vendors’ locations, thereby eliminating high installation costs. This trend is anticipated to fuel the growth of the global industrial CT equipment market.

The Industrial Computed Tomography (CT) Equipment Market is experiencing significant growth due to increasing adoption of advanced software solutions, artificial intelligence, and machine learning in image reconstruction and visualization tools. Industrial CT solutions are becoming essential for industries like aerospace and defense, nuclear power, and MRO processes, where precise dimensional analysis and failure analysis are crucial. Companies like Cyient, Collins Aerospace Systems, and Exact Metrology are leading the way with innovative CT scanning technology. However, challenges such as compatibility issues, image resolution, noise reduction, and artifacts persist. Safety concerns and data management are also key considerations. The market is witnessing educational initiatives to raise awareness and build technical expertise. Key players are investing in 3D metrology, fan-beam CT, cone-beam CT, and non-destructive testing for applications in aircraft parts, materials, and additive manufacturing. GDF Suez, Areva, McLaren, and the defense sector are also adopting CT technology for various applications.

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Market Challenges

Industrial computed tomography (CT) equipment is utilized by product manufacturers to ensure quality and safety in their production processes. OEMs in the automotive and aerospace industries are particularly interested in CT equipment due to its potential to enhance inspection quality and productivity, while reducing maintenance and ownership costs. However, the high cost of industrial CT systems, which can range from USD300,000 to over USD1,200,000 for advanced models, poses a significant challenge for small- and medium-sized enterprises (SMEs). These enterprises may find it difficult to justify the investment due to longer return on investment timelines. In contrast, medical CT equipment, which ranges from USD60,000 to USD300,000, is more affordable and accessible for a wider range of end-users. Despite the benefits, the high cost of industrial CT equipment may hinder market growth, particularly for SMEs in cost-sensitive industries.The Industrial Computed Tomography (CT) Equipment Market is witnessing significant growth due to increasing demand from various sectors like Aerospace and Defense, Automotive, Electronics, Nuclear Power, and MRO processes. CT scanning technology is essential for flaw detection and quality assurance in these industries. Companies like Cyient and Collins Aerospace Systems are leading providers of CT scanning services and equipment. Additive manufacturing and Industrial X-ray are key applications driving the market. CT systems help in non-destructive testing of aircraft parts, nuclear fuel rods, and electronic components. High-precision, high-resolution 3D imaging enables detection of even the smallest defects or faults, ensuring product quality and safety. Major players focus on innovation to meet safety standards and offer advanced services. For instance, McLaren uses CT scanning for automotive racing car engine analysis. GDF Suez, Areva, and Defense industries use CT systems for nuclear fuel inspection. CT scanners provide 3D visualization of internal structures, revealing material properties and structural flaws. The Equipment, Services, and Inspection sectors benefit from this technology, ensuring reliability and precision in their offerings.

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Segment Overview 

This industrial computed tomography equipment market report extensively covers market segmentation by

Application 1.1 Flaw detection and inspection1.2 Assembly analysis1.3 Failure analysis1.4 OthersEnd-user 2.1 Automotive2.2 Aerospace2.3 Electronics2.4 Oil and gas2.5 OthersGeography 3.1 APAC3.2 Europe3.3 North America3.4 South America3.5 Middle East and Africa

1.1 Flaw detection and inspection-  The Industrial Computed Tomography (CT) Equipment market is experiencing steady growth due to increasing demand from various industries such as automotive, aerospace, and pharmaceuticals. CT equipment provides detailed, three-dimensional images of internal structures, enhancing product design, quality control, and diagnostic capabilities. Companies invest in this technology to improve efficiency, reduce costs, and gain a competitive edge. Market leaders include GE Healthcare, Siemens Healthineers, and Philips Healthcare.

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Research Analysis

Industrial Computed Tomography (CT) equipment is revolutionizing non-destructive testing and inspection in various industries, including aerospace and defense, automotive, electronics, and MRO processes. CT scanning technology, also known as Industrial X-ray, utilizes high-energy radiation to produce cross-sectional images of complex structures, enabling flaw detection and quality assurance in aircraft parts, materials, and components. This technology is essential for safety and product quality in industries where precision and defect-free production are critical. Companies like Cyient and Collins Aerospace Systems are at the forefront of implementing CT scanning technology in the aerospace sector for flaw detection and material analysis. Areva, in the defense sector, also uses CT scanners for quality control and safety inspections. The electronics sector benefits from CT scanning for precision inspection of intricate components, while the automotive sector uses it for analyzing engine parts and assembly lines. Overall, CT scanning technology is a game-changer in the inspection sector, contributing significantly to the equipment and services sectors.

Market Research Overview

Industrial Computed Tomography (CT) equipment is revolutionizing non-destructive testing and inspection in various industries, including aerospace and defense, automotive, electronics, nuclear power, and MRO processes. CT scanning technology uses high-resolution X-ray technology to create 3D images of internal structures, enabling the detection of even the smallest defects, flaws, and faults. Industrial CT systems provide precision, reliability, and safety, ensuring product quality and adherence to safety standards. The adoption of CT scanning technology is increasing due to awareness, educational initiatives, and the availability of advanced software solutions, including image reconstruction, visualization tools, and machine learning algorithms. However, challenges such as compatibility issues, image resolution, noise reduction, artifacts, safety issues, and data management remain. Industrial CT solutions are used in industries like aerospace and defense for flaw detection in aircraft parts, materials, and components. In the nuclear power sector, CT scanning is used for failure analysis, assembly analysis, and dimensional analysis. The automotive sector uses CT scanning for quality assurance, while the electronics sector benefits from its use in 3D metrology and material properties analysis. Industrial CT systems are essential for safety, quality control, and product development in various industries, including Cyient, Collins Aerospace Systems, McLaren, GDF Suez, Areva, and defense organizations. The use of CT scanning technology in the inspection sector is transforming the equipment and services sectors by providing high-precision, non-destructive testing and inspection solutions.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationFlaw Detection And InspectionAssembly AnalysisFailure AnalysisOthersEnd-userAutomotiveAerospaceElectronicsOil And GasOthersGeographyAPACEuropeNorth AmericaSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Technology

VibeBeats Launches AI-Powered Music Streaming Service for Businesses globally

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Vibebeats AI gives cafés, gyms, retailers, bars and hotels fully licensed, AI-curated streaming music for business from any phone, tablet or browser — no hardware, no lock-in contracts, no licensing paperwork — from A$29 a month with a 7-day free trial.

BRISBANE, Australia, July 24, 2026 /PRNewswire-PRWeb/ — VibeBeats Launches AI-Powered Music Streaming Service for Businesses globally

VibeBeats gives venues fully licensed, AI-curated Music at a fraction of the cost — one app, one licence, one platform.

Vibebeats AI gives cafés, gyms, retailers, bars and hotels fully licensed, AI-curated streaming music for business from any phone, tablet or browser — no hardware, no lock-in contracts, no licensing paperwork — from A$29 a month with a 7-day free trial.

Most venues playing music through consumer apps are doing it on the wrong licence. VibeBeats, an Australian-built, AI-powered streaming music for business platform, has launched across Australia and worldwide to fix that — turning any phone, tablet or browser into a fully licensed venue sound system in under five minutes. One agreement covers commercial performance rights across OneMusic and APRA AMCOS in Australia, and ASCAP, BMI, PRS and other rights bodies internationally — the same platform serving a café in Melbourne or a gym in London.

The “Spotify for business” that actually exists

Every month, thousands of venue owners worldwide search for “Spotify for business” — a product that doesn’t exist. Consumer streaming accounts are licensed for personal use only, leaving businesses that play them exposed under copyright law in Australia and virtually every other market. VibeBeats fills that gap: a business music streaming service where the commercial music rights are handled under one agreement — no separate music licence for business paperwork to manage.

“The number one thing we see is venue owners assuming it’s fine to play their personal Spotify account in the café — most don’t realise a licence fee even applies,” said Damien King, founder of VibeBeats. “It’s not bad intent. Licensing is complex, and when you’re running a small business there are a hundred competing priorities. VibeBeats solves it with one app, one licence, one platform.”

What VibeBeats delivers

Fully Licensed for Commercial Use — one agreement covers the rights that would otherwise involve OneMusic, APRA AMCOS, ASCAP, BMI, PRS and more.No Hardware Required — any phone, tablet or browser becomes the venue sound system — set up in under five minutes.AI-Curated Background Music for Business — stations matched to venue type and time of day, from morning coffee trade to peak gym floor to late-night bar.Smart Scheduling — playlists by daypart, with music that keeps running through connection drops.Multi-Venue Dashboard — manage every location from a single account.Simple Pricing — from A$29 per month per venue with a 7-day free trial — no lock-in contracts.

Pricing and availability

VibeBeats is available now from $29AUD/$20US per month per venue, and globally, with a 7-day free trial at vibebeats.ai. Purpose-built stations are available for cafés, gyms, retail and in-store environments, bars and hotels.

About VibeBeats

VibeBeats is an AI-powered commercial music streaming platform for businesses, offering direct-licensed music for cafés, restaurants, bars, retail stores, gyms and hotels. One agreement covers commercial performance rights that would otherwise involve PROs, OneMusic, APRA AMCOS, ASCAP, BMI, PRS and more. Australian-built and available globally, VibeBeats AI streams to any device with no proprietary hardware required. Learn more at vibebeats.ai.

VibeBeats is not affiliated with Spotify.

Media Contact

Damien King, Vibebeats AI, 61 0408009067, hello@vibebeats.ai, https://vibebeats.ai

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Inside information: Valmet initiates a strategic review to evaluate a potential separation of its two segments

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Valmet Oyj’s stock exchange release (inside information) on July 24, 2026 at 9.01a.m. EEST 

ESPOO, Finland, July 24, 2026 /PRNewswire/ — The Board of Directors of Valmet Oyj (“Valmet” or the “Company”) has decided to initiate a strategic review to evaluate a potential separation of its two core businesses, Biomaterial Solutions and Services, and Process Performance Solutions, into two standalone publicly listed companies. The review will focus on assessing whether a separation of the two businesses and their operation as separately listed companies on Nasdaq Helsinki would create additional value for shareholders compared with the current combined structure.

Both Valmet’s core businesses report as separate segments and they have grown into large, mostly independent profitable businesses, each with strong market positions and scale that allow them to succeed independently. With the recent completion of the Severn acquisition taking Process Performance Solutions to approximately EUR 1.7 billion in annual net sales and the renewed operating model now firmly in place, the Board believes this is the right time to assess whether a separation would unlock shareholder value by enabling each business to better realise its full potential.

The Board also notes that the two core businesses operate relatively independently as they serve mainly different customer industries, exhibit distinct business drivers, and have different capital allocation profiles. Biomaterial Solutions and Services is a global technology and lifecycle services business focused on the pulp, board, paper, tissue and energy industries, where its competitive advantage is anchored in a vast installed base, advanced technology, global presence, strong customer references and global services penetration. Process Performance Solutions is a mission-critical automation and flow control business serving a diversified set of industries. Over the past decade, it has evolved from a business primarily focused on pulp and paper into a diversified industrial platform, with close to 70 percent of net sales generated from other industries today.

Based on the Board’s initial assessment, a separation would allow each business to pursue sustainable profitable growth opportunities more independently and efficiently, with the potential for sharper management focus, greater agility, more tailored capital allocation, and more flexible access to external capital to support both organic and inorganic growth. The Board will also assess whether, if implemented, a separation would improve transparency, simplify governance, and allow capital markets to better recognize the full value of both businesses.

Pekka Vauramo, Chair of the Board, said:
“The Board continuously evaluates how to create the greatest long-term value for Valmet’s shareholders. Today, Valmet consists of two strong businesses with distinct markets, growth opportunities and capital allocation needs. Through this review, we will assess whether they can create more value as independent companies than they can together. We will only proceed with a separation if we conclude after detailed analysis that separation is clearly in the best interests of our shareholders.” 

Thomas Hinnerskov, President and CEO of Valmet, said:
“Both of our businesses are well positioned, with strong customer relationships and market positions, as well as talented employees. The review reflects the strength and maturity of both businesses, which we have built through strong execution, organic growth and strategic investments into sizeable and successful operations with the scale, capabilities and opportunities to create further value both together and, potentially, as independent companies. This review does not change our commitment to our customers or our strategy. It is a priority for us to preserve the strength of our full offering and the value our customers gain from services, automation and technology working together. Throughout the process, our focus remains on serving our customers and delivering value for their success.”

Although the strategic review has been initiated, there is no guarantee that the review will result in any transaction, including a separation. The Board will only execute or recommend changes to the Group’s structure if clear evidence of enhanced shareholder value creation can be attained. Valmet will provide an update on the review latest in connection with the publication of its full-year 2026 results.

Further information, please contact:

For investors: Pekka Rouhiainen, VP, Investor Relations, Valmet, tel. +358 10 672 0020

For media: Valmet Communications, media@valmet.com

VALMET

Katri Hokkanen
CFO

Pekka Rouhiainen
VP, Investor Relations

DISTRIBUTION:
Nasdaq Helsinki
Major media
www.valmet.com

Valmet is a global technology leader in serving process industries. We work with our customers throughout the lifecycle, delivering cutting-edge technologies and services, as well as mission-critical automation and flow control solutions. Backed by more than 225 years of industrial experience and a global team of 18,500 professionals close to customers, we are uniquely positioned to transform industries toward a regenerative tomorrow.

In 2025, Valmet’s net sales totaled approximately EUR 5.2 billion. Our head office is in Espoo, Finland, and we have experts in approximately 40 countries around the world. Valmet’s shares are listed on Nasdaq Helsinki.

Follow us on valmet.com | X | LinkedIn | Facebook | YouTube | Instagram |

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Securitas AB Interim Report Q2 2026 | January-June

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STOCKHOLM, July 24, 2026 /PRNewswire/ — 

APRIL–JUNE 2026

Total sales MSEK 37 843 (38 564)Organic sales growth 0 percent (5)Adjusted organic sales growth, 3 percent*Real sales growth within technology and solutions 5 percent (4)Operating income before amortization MSEK 2 824 (2 798)Operating margin 7.5 percent (7.3)Adjusted operating margin, 7.6 percent (7.5)*Items affecting comparability (IAC) MSEK –46 (–166) Earnings per share, SEK 2.88 (2.56)Earnings per share before IAC, SEK 2.94 (2.79)Cash flow from operating activities 87 percent (106)

JANUARY–JUNE 2026

Total sales MSEK 74 054 (78 170)Organic sales growth 0 percent (4)Adjusted organic sales growth, 2 ­percent*Real sales growth within technology and solutions 4 percent (5)Operating income before amortization MSEK 5 283 (5 323)Operating margin 7.1 percent (6.8)Adjusted operating margin, 7.3 ­percent (7.1)*Items affecting comparability (IAC) MSEK 138 (–243) whereof MSEK 213 (–5) related to divestitures Earnings per share, SEK 5.68 (4.86)Earnings per share before IAC, SEK 5.40 (5.15)Cash flow from operating activities 65 percent (56)Net debt/EBITDA ratio 2.2 (2.4) 

*A new key ratio, operating margin adjusted for the government business within SCIS in the process of being closed down, was added as of the second quarter 2025. A new key ratio, organic sales growth adjusted for the same business, was added as of the third quarter 2025. Refer to note 5 for further information.

Comments from the President and CEO

“Continued profitability improvement”

Organic sales growth in the second quarter, adjusted for the close-down of the SCIS government business, was 3 percent. Organic sales growth in North America was supported by both the Guarding and Technology business units, while active portfolio management had a hampering effect on organic sales growth in Europe. 

Real sales growth in technology and solutions reached 5 percent in the second quarter, supported by good performance in Technology in North America. Commercial activity remained healthy in the global technology business with strong growth in installation order intake and backlog.

We execute on our strategy with the share of technology and solutions increasing across all segments but we are not fully satisfied with the overall growth. We have built a strong and differentiated technology-led offering and we are intensifying our efforts to commercialize the capabilities we have built.

We delivered an improved adjusted operating margin in the second quarter, reaching 7.6 percent (7.5), driven by both the technology and solutions and the security services business lines. Operating income increased 3 percent and earnings per share 7 percent. For the first six months earnings per share increased 11 percent.

Cash generation was good, cor­re­spond­ing to 87 percent (106) of oper­at­ing income in the quarter, and 65 per­cent (56) for the first six months of the year. The net debt to EBITDA ratio was 2.2 (2.4).

THE TRUSTED PARTNER IN INTELLIGENCE-LED SECURITY

Our recently announced 2030 strategy positions Securitas as the trusted partner in intelligence-led security, combining global presence and deep security expertise with advanced data, analytics and technology. By leveraging actionable risk intelligence and a more consultative approach, we aim to move further up the value chain, delivering proactive, insight-driven security and strengthening our role as a strategic advisor to clients. In an increasingly complex risk environment, growing demand for professional security ­ser­vices supports our continued growth and competitive position.

The close-down of the SCIS govern­ment business is progressing accord­ing to plan and is expected to be concluded by year-end. As no further activities remain, the strategic as­sess­­­ment program was concluded in the second quarter of 2026.

The shift toward technology and solutions continues to drive prof­itabil­ity improvements. We are also strength­en­ing the performance of our security services business and, as of the second quarter of 2026, have completed portfolio management actions related to underperforming contracts in Europe. Going forward, portfolio optimization will continue as part of normal business operations, with a sustained focus on contract profitability.

CREATING LONG-TERM SHAREHOLDER VALUE

In conjunction with the launch of our strategy, we have updated the Group’s financial targets for the period through 2030. The revised targets include a new headline target of achieving 10 percent average annual earnings per share growth over a business cycle, alongside targets for cash flow, leverage and dividend policy. With a strong focus on quality and innovation, we are accelerating our transformation and remain confident in our ability to deliver sustainable earnings growth and create long-term shareholder value.

Magnus Ahlqvist
President and CEO

PRESENTATION OF THE INTERIM REPORT

Analysts and media are invited to participate in a telephone ­conference on July 24, 2026, at 9.30 a.m. (CEST) where President and CEO Magnus Ahlqvist and CFO Matteo Dall’Ora will present the report and answer questions. The ­telephone conference will also be audio cast live via Securitas’ website www.securitas.com

To follow the audio cast of the telephone conference via the web, please follow the link
www.securitas.com/en/investors/financial-reports-and-presentations/

A recorded version of the audio cast will be available at www.securitas.com/en/investors/financial-reports-and-presentations/
after the ­telephone conference.

For further information, please contact:
Micaela Sjökvist, Vice President, Investor Relations +46 76 116 7443

ABOUT SECURITAS

Securitas is a world-leading safety and security solutions partner that helps make your world a safer place. Nine decades of deep experience means we see what others miss. By leveraging technology in partnership with our clients, ­combined with an innovative, holistic approach, we’re transforming the security ­industry. With approximately 322 000 employees in 44 markets, we see a ­different world and ­create sustainable value for our clients by protecting what matters most – their people and assets.

Group financial targets

Securitas has the following financial targets:

Average annual earnings per share growth of 10 percent over a business cycle, excluding items affecting comparability and adjusted for changes in exchange rates, with a >10 percent operating margin ambition long-termOperating cash flow of 80–90 percent of operating income before amortizationNet debt to EBITDA below 2.5xDividend policy of 50–60 percent of annual net income over a business cycle, with excess capital returned to shareholders once stra-tegic growth priorities are met

Securitas AB (publ.)
P.O. Box 12307, SE-102 28 Stockholm, Sweden
Visiting address:
Lindhagensplan 70
Telephone: +46 10 470 30 00
Corporate registration number: 556302-7241

www.securitas.com

This is information that Securitas AB is obliged to make public pursuant to the EU Market Abuse Regulation.
The information was submitted for publication, through the agency of the contact person set out above,
at 8.00 a.m. (CEST) on Friday, July 24, 2026.

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