Non Destructive Testing (NDT) is viewed as an essential need in commercial ventures, for example, in aviation industry, oil and gas industry, petroleum industry, and in construction sector. Developments in the NDT equipment market have expanded economically after the presentation of cutting edge X-ray equipment, for example, micro focus X-ray apparatuses, integrated X-ray tubes, glass X-ray tubes with window, radiation protected X-ray tools, etc.
The Global Non Destructive testing market is expected to be around US$ 29 Billion By 2027, at a CAGR of 7.80% from 2021 to 2027.
Over the past few years, demand for Non Destructive Testing (NDT) services has expanded rapidly. As the US economy has recovered from the depths of the recession and as a result of it corporate profit margins have expanded and fueled capital expenditure. NDT sector will get future boost from the growing technological innovation and as a result NDT services will become more cost effective and efficient for end users.
Additionally, the forecast period offers huge potential growth for technologies such as computed tomography, phased array ultrasonic testing, and data management tools as these techniques are more efficient in terms of deriving accurate results.
This report provides qualitative and quantitative information about the global NDT market. It identifies the market application gaps, emerging technologies, the need for new product launches, and high potential geographic regions and countries. It also provides a segmentation of the market, tracking the market size, market share, revenue projections, and financial portfolio, covering a broad spectrum of the different methods, end-user, applications, and techniques of NDT industry.
Who Should Buy this Report?
Aerospace & Defense Industry
Automotive Industry
Oil & Gas Industry
Power Plants
NDT Equipment Manufacturers
Original Equipment Manufacturers (OEMs)
Software Solution Providers
Component Suppliers
Turbine Manufacturers
Ship Hull Manufacturers etc.
chapter 1 INTRODUCTION
1.1 Key Take Aways
1.2 Report Description
1.3 Markets Covered
1.4 Stakeholders
1.5 Research Methodology
1.5.1 Market Size
1.5.2 Market Share
1.5.3 Key Data Points From Secondary Sources
1.5.4 Key Data Points From Primary Sources
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Breakdown of Primaries
2.2 Factor Analysis
2.2.1 Introduction
2.2.2 Demand-Side Indicators
2.2.2.1 Increase in Renewable Energy Use
2.2.2.2 Pipeline Network Safety
2.2.2.3 Growth in Aircraft Fleet Size
2.2.3 Supply-Side Indicators
2.2.3.1 Increased R&D Activities
2.2.3.2 Development of Efficient Materials
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Market Breakdown & Data Triangulation
2.5 Research Assumptions & Limitations
2.5.1 Assumptions
2.5.2 Limitations
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in NDT Market
4.2 Non-Destructive Testing Market, By End User
4.3 Non-Destructive Testing Market, By Method
4.4 Opportunities in Non-Destructive Testing Market: Regional Analysis
4.5 Non-Destructive Testing Market, By Technique
4.6 BRICS Non-Destructive Testing Market, By End User
4.7 Life Cycle Analysis, By Region
5 Market Overview
5.1 Introduction
5.2 Market Evolution
5.3 Market Segmentation
5.3.1 By Method
5.3.2 By Technique
5.3.3 By Application
5.3.4 By Component
5.3.5 By End User
5.4 Market Dynamics
5.4.1 Drivers
5.4.1.1 Extending the Useful Life of Aging Infrastructure
5.4.1.2 Outsourcing of Non-Core Activities and Technical Resource Constraints
5.4.1.3 Stringent Safety Regulations Formulated By Governments
5.4.1.4 Emergence of Industrial Internet of Things
5.4.2 Restraints
5.4.2.1 Lack of Skilled Professionals
5.4.2.2 High Cost of Advanced Non-Destructive Testing Equipment
5.4.3 Opportunities
5.4.3.1 New Power Generation Projects
5.4.3.2 Integration of Robotic Technology
5.4.3.3 Increasing Use of Advanced Materials
5.4.3.4 Large-Scale Infrastructure Projects
5.4.4 Challenges
5.4.4.1 Price Volatility of Natural Gas and Crude Oil
5.4.4.2 Reluctance Towards the Adoption of New Non-Destructive Testing Techniques By End Users
5.4.5 Winning Imperatives
5.4.5.1 Expanding End User Market
5.4.5.2 Expanding Geographical Reach
5.4.6 Burning Issues
5.4.6.1 Lack of Skilled Workforce and Increasing Mechanical Complications
5.4.6.2 Rapid Industrial Transformation
6 Industry Trends
6.1 Introduction
6.2 Emerging Technology Trends
6.2.1 Cloud Testing: Integrated Innovation Technology
6.2.2 Robotic Integrated Technology
6.2.2.1 Film X-Ray vs Digital Radiography
6.2.3 Industrial Internet of Things (IIoT)
6.3 Product Launches
6.4 Technological Advancements
6.5 Innovation & Patent Registrations
6.6 Non-Destructive Testing Regulatory Bodies, By Region
6.7 Average Selling Price, 2016
7 Non-Destructive Testing Market, By Method
7.1 Introduction
7.2 Visual Inspection
7.3 Magnetic Particle Testing
7.4 Liquid Penetrant Testing
7.5 Ultrasonic Testing
7.6 Radiography Testing
7.7 Eddy Current Testing
7.8 Others
7.8.1 Terahertz Imaging
7.8.2 Magnetic Resonance Imaging
7.8.3 Acoustic Emission Testing
7.8.4 Near Infrared Spectroscopy
7.8.5 Optical Microscopic Testing
7.8.6 Thermographic Testing
8 Non-Destructive Testing Market, By Technique
8.1 Introduction
8.2 Surface Examination
8.3 Volumetric Examination
8.4 Condition Monitoring
8.5 Integrity Examination Technique
8.6 Others
9 Non-Destructive Testing Market, By Application
9.1 Introduction
9.2 Flaw Detection
9.3 Leak Detection
9.4 Dimensional Measurement
9.5 Physical Property Determination
9.6 Chemical Composition Determination
9.7 Plasma Emission Spectrography
9.8 Corrosion Resistance Testing
9.9 Stress & Structure Analysis
9.10 Others
10 Non-Destructive Testing Market, By Component
10.1 Introduction
10.2 Equipment
10.3 Services
11 Non-Destructive Testing Market, By End User
11.1 Introduction
11.2 Aerospace & Defense
11.3 Automotive
11.4 Oil & Gas
11.5 Infrastructure
11.6 Power Generation
11.7 Others
12 Non-Destructive Testing Market, By Region
12.1 Introduction
12.2 G7 Nations
12.2.1 By End User
12.2.2 By Method
12.2.3 By Technique
12.2.4 By Country
12.2.4.1 U.S.
12.2.4.1.1 By End User
12.2.4.1.2 By Method
12.2.4.2 Germany
12.2.4.2.1 By End User
12.2.4.2.2 By Method
12.2.4.3 Japan
12.2.4.3.1 By End User
12.2.4.3.2 By Method
12.2.4.4 U.K.
12.2.4.4.1 By End User
12.2.4.4.2 By Method
12.2.4.5 France
12.2.4.5.1 By End User
12.2.4.5.2 By Method
12.2.4.6 Canada
12.2.4.6.1 By End User
12.2.4.6.2 By Method
12.2.4.7 Italy
12.2.4.7.1 By End User
12.2.4.7.2 By Method
12.3 BRICS
12.3.1 By End User
12.3.2 By Method
12.3.3 By Technique
12.3.4 By Country
12.3.4.1 China
12.3.4.1.1 By End User
12.3.4.1.2 By Method
12.3.4.2 India
12.3.4.2.1 By End User
12.3.4.2.2 By Method
12.3.4.3 Russia
12.3.4.3.1 By End User
12.3.4.3.2 By Method
12.3.4.4 Brazil
12.3.4.4.1 By End User
12.3.4.4.2 By Method
12.3.4.5 South Africa
12.3.4.5.1 By End User
12.3.4.5.2 By Method
12.4 Rest of the World (RoW)
12.4.1 By End User
12.4.2 By Method
12.4.3 By Technique
12.4.4 By Country
12.4.4.1 Saudi Arabia
12.4.4.1.1 By End User
12.4.4.1.2 By Method
12.4.4.2 South Korea
12.4.4.2.1 By End User
12.4.4.2.2 By Method
12.4.4.3 Others
12.4.4.3.1 By End User
12.4.4.3.2 By Method
13 Competitive Landscape
13.1 Introduction
13.2 Brand Analysis
13.3 Market Share Analysis
13.4 Competitive Situations and Trends
13.4.1 New Product Launches
13.4.2 Acquisitions, Partnerships, Joint Ventures, and Agreements
13.4.3 Contracts
13.4.4 Expansions
14 Company Profiles
14.1 Introduction
14.1.1 Financial Highlights
14.2 Olympus Corporation
14.3 Mistras Group, Inc.
14.4 Intertek Group PLC
14.5 SGS S.A.
14.6 GE Measurement & Control
14.7 Nikon Metrology, Inc.
14.8 Ashtead Technology, Inc.
14.9 Sonatest Ltd.
14.10 Bosello High Technology S.R.L.
14.11 Fujifilm Holding Corporation
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