Filament-wound composites (FWC) are prone to high void contents, with large and complex-shape voids. It is critical to characterise these voids accurately to understand their effect on part strength. The characterization depends on the accuracy of the analysis technique, for example X-ray computed tomography and the subsequent void segmentation. This paper compares conventional greyscale thresholding to deep-learning (DL) based segmentation. The processing steps for both techniques are discussed. The greyscale thresholding contains segmentation errors due to the simple one-parameter algorithm and the pre-processing operations required for segmentation. This reduces the accuracy of void characterisation. The DL-based segmentation is found to be more accurate for characterisation of void size, shape, and location. The processing-time and system requirements are discussed, helping to determine the suitable segmentation technique based on desired results.