Report Id: MDUTM0122
Ultrasonic Testing Market Size by Type (Time-Of-Flight Diffraction, Phased Array, Immersion Testing and Guided-Wave), By Application (Flaw Detection, Material Thickness, Dimensional Measurement and Others), By Industry Vertical (Chemical & Petrochemical, Oil & Gas, Energy & Power, Automotive, Food & Beverages, Healthcare and Others), By Packaging (Canned, Bottled, Draught), By Region (North America, Europe, Asia-Pacific, Rest of the World), Market Analysis Report, Forecast 2023-2028
The Ultrasonic Testing Market is expected to be around US$ 5.20 Billion by 2028 at a CAGR of 7% in the given forecast period.
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CLICK HERENorth America
7
South America
3
Europe
5
APAC
8
Others
6
MARKET SNAPSHOT
Major Players
- Baker Hughes
- MISTRAS Group
- Olympus Corporation
- Intertek
- Sonatest
Study period:
Fastest Growing Market:
2023-2028
APAC
Base Year:
Largest Market:
2022
North America
CAGR:
7
REPORT DESCRIPTION
The Ultrasonic Testing Market is expected to be around US$ 5.20 Billion by 2028 at a CAGR of 7% in the given forecast period.
Ultrasonic testing has the ability to identify internal effects as well as the dearth of radiation which is involved in this kind of testing. These aspects are projected to fuel the growth of the market for ultrasonic testing. Rise in the portable phased array ultrasonic testing equipment, development in the ultrasonic testing market, and government directives are anticipated to fuel ultrasonic testing market growth. In addition to this, the automation in various sectors such as aerospace & defense, healthcare, industries, among others has increasing applications. Considering the present trend of automation, it is anticipated that its application is projected to increase over time. Furthermore, the increasing disposable income and rising automobile consumption also fuel this market's growth prospects over the forecast period.
The global Ultrasonic Testing market is segregated on the basis of Type as Time-Of-Flight Diffraction, Phased Array, Immersion Testing and Guided-Wave. Based on Application the global Ultrasonic Testing market is segmented in Flaw Detection, Material Thickness, Dimensional Measurement and Others. Based on Industry Vertical the global Ultrasonic Testing market is segmented in Chemical & Petrochemical, Oil & Gas, Energy & Power, Automotive, Food & Beverages, Healthcare and Others.
The global Ultrasonic Testing market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Ultrasonic Testing market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Rivalry
Baker Hughes, Olympus Corporation, MISTRAS Group, Intertek, Sonatest, Zetec, Inc., T.D. Williamson Inc., Bosello High Technology Srl., Eddyfi, Magnaflux, Fischer Technology Inc., Cygnus Instruments Ltd., NDT Global GmbH, Acuren, LynX Inspection, and others are among the major players in the global Ultrasonic Testing market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.
The Ultrasonic Testing Market has been segmented as below:
Ultrasonic Testing Market, By Type
- Time-Of-Flight Diffraction
- Phased Array
- Immersion Testing
- Guided-Wave
Ultrasonic Testing Market, By Application
- Flaw Detection
- Material Thickness
- Dimensional Measurement
- Others
Ultrasonic Testing Market, By Industry Vertical
- Chemical & Petrochemical
- Oil & Gas
- Energy & Power
- Automotive
- Food & Beverages
- Healthcare
- Others
Ultrasonic Testing Market, By Region
- North America
- Europe
- Asia-Pacific
- Rest of the World
Ultrasonic Testing Market, By Company
- Baker Hughes
- Olympus Corporation
- MISTRAS Group
- Intertek
- Sonatest
- Zetec, Inc.
- T.D. Williamson Inc.
- Bosello High Technology Srl.
- Eddyfi
- Magnaflux
- Fischer Technology Inc.
- Cygnus Instruments Ltd.
- NDT Global GmbH
- Acuren
- LynX Inspection
The report covers:
- Global Ultrasonic Testing market sizes from 2021 to 2028, along with CAGR for 2023-2028
- Market size comparison for 2022 vs 2028, with actual data for 2022, estimates for 2023 and forecast from 2024 to 2028
- Global Ultrasonic Testing market trends, covering comprehensive range of consumer trends & manufacturer trends
- Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Ultrasonic Testing market
- Major market opportunities and challenges in forecast timeframe to be focused
- Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
- Comprehensive company profiles of the key industry players
Report Scope:
The global Ultrasonic Testing market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Ultrasonic Testing market share. Major industry players with significant revenue share include Baker Hughes, Olympus Corporation, MISTRAS Group, Intertek, Sonatest, Zetec, Inc., T.D. Williamson Inc., Bosello High Technology Srl., Eddyfi, Magnaflux, Fischer Technology Inc., Cygnus Instruments Ltd., NDT Global GmbH, Acuren, LynX Inspection, and others.
Reasons to Buy this Report:
- Gain detailed insights on the Ultrasonic Testing industry trends
- Find complete analysis on the market status
- Identify the Ultrasonic Testing market opportunities and growth segments
- Analyse competitive dynamics by evaluating business segments & product portfolios
- Facilitate strategy planning and industry dynamics to enhance decision making
Customization
Customized report as per the requirement can be offered with appropriate recommendations
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1. Introduction
1.1. Key Points
1.2. Report Description
1.3. Markets Covered
1.4. Stakeholders
2. Research Methodology
2.1. Research Scope
2.2. Market Research Process
2.3. Research Data Analysis
2.3.1.1. Secondary Research
2.3.1.2. Primary Research
2.3.1.3. Models for Estimation
2.4. Market Size Estimation
2.4.1. Bottom-Up Approach- Segmental Market Analysis
2.4.2. Top-Down Approach- Parent Market Analysis
3. Executive Summary
4. Market Overview
4.1. Introduction
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. Porter's Five Force Analysis
5. Ultrasonic Testing Market, By Type
5.1. Introduction
5.2. Time-Of-Flight Diffraction
5.2.1. Market Overview
5.2.2. Market Size and Forecast
5.3. Phased Array
5.3.1. Market Overview
5.3.2. Market Size and Forecast
5.4. Immersion Testing
5.4.1. Market Overview
5.4.2. Market Size and Forecast
5.5. Guided-Wave
5.5.1. Market Overview
5.5.2. Market Size and Forecast
6. Ultrasonic Testing Market, By Application
6.1. Introduction
6.2. Flaw Detection
6.2.1. Market Overview
6.2.2. Market Size and Forecast
6.3. Material Thickness
6.3.1. Market Overview
6.3.2. Market Size and Forecast
6.4. Dimensional Measurement
6.4.1. Market Overview
6.4.2. Market Size and Forecast
6.5. Others
6.5.1. Market Overview
6.5.2. Market Size and Forecast
7. Ultrasonic Testing Market, By Industry Vertical
7.1. Introduction
7.2. Chemical & Petrochemical
7.2.1. Market Overview
7.2.2. Market Size and Forecast
7.3. Oil & Gas
7.3.1. Market Overview
7.3.2. Market Size and Forecast
7.4. Energy & Power
7.4.1. Market Overview
7.4.2. Market Size and Forecast
7.5. Automotive
7.5.1. Market Overview
7.5.2. Market Size and Forecast
7.6. Food & Beverages
7.6.1. Market Overview
7.6.2. Market Size and Forecast
7.7. Healthcare
7.7.1. Market Overview
7.7.2. Market Size and Forecast
7.8. Others
7.8.1. Market Overview
7.8.2. Market Size and Forecast
8. Ultrasonic Testing Market, By Geography
8.1. Introduction
8.2. North America
8.2.1. North America Ultrasonic Testing, By Type
8.2.2. North America Ultrasonic Testing, By Application
8.2.3. North America Ultrasonic Testing, By Industry Vertical
8.3. Europe
8.3.1. Europe Ultrasonic Testing, By Type
8.3.2. Europe Ultrasonic Testing, By Application
8.3.3. Europe Ultrasonic Testing, By Industry Vertical
8.4. Asia-Pacific
8.4.1. Asia-Pacific Ultrasonic Testing, By Type
8.4.2. Asia-Pacific Ultrasonic Testing, By Application
8.4.3. Asia-Pacific Ultrasonic Testing, By Industry Vertical
8.5. Rest of the World
8.5.1. Rest of the World Ultrasonic Testing, By Type
8.5.2. Rest of the World Ultrasonic Testing, By Application
8.5.3. Rest of the World Ultrasonic Testing, By Industry Vertical
9. Competitive Insights
9.1. Key Insights
9.2. Company Market Share Analysis
9.3. Strategic Outlook
9.3.1. Mergers & Acquisitions
9.3.2. New Product Developments
9.3.3. Portfolio/Production Capacity Expansions
9.3.4. Joint Ventures, Collaborations, Partnerships & Agreements
9.3.5. Others
10. Company Profiles
10.1. Baker Hughes
10.1.1. Company Overview
10.1.2. Product/Service Landscape
10.1.3. Financial Overview
10.1.4. Recent Developments
10.2. Olympus Corporation
10.2.1. Company Overview
10.2.2. Product/Service Landscape
10.2.3. Financial Overview
10.2.4. Recent Developments
10.3. MISTRAS Group
10.3.1. Company Overview
10.3.2. Product/Service Landscape
10.3.3. Financial Overview
10.3.4. Recent Developments
10.4. Intertek
10.4.1. Company Overview
10.4.2. Product/Service Landscape
10.4.3. Financial Overview
10.4.4. Recent Developments
10.5. Sonatest
10.5.1. Company Overview
10.5.2. Product/Service Landscape
10.5.3. Financial Overview
10.5.4. Recent Developments
10.6. Zetec, Inc.
10.6.1. Company Overview
10.6.2. Product/Service Landscape
10.6.3. Financial Overview
10.6.4. Recent Developments
10.7. T.D. Williamson Inc.
10.7.1. Company Overview
10.7.2. Product/Service Landscape
10.7.3. Financial Overview
10.7.4. Recent Developments
10.8. Bosello High Technology Srl.
10.8.1. Company Overview
10.8.2. Product/Service Landscape
10.8.3. Financial Overview
10.8.4. Recent Developments
10.9. Eddyfi
10.9.1. Company Overview
10.9.2. Product/Service Landscape
10.9.3. Financial Overview
10.9.4. Recent Developments
10.10. Magnaflux
10.10.1. Company Overview
10.10.2. Product/Service Landscape
10.10.3. Financial Overview
10.10.4. Recent Developments
10.11. Fischer Technology Inc.
10.11.1. Company Overview
10.11.2. Product/Service Landscape
10.11.3. Financial Overview
10.11.4. Recent Developments
10.12. Cygnus Instruments Ltd.
10.12.1. Company Overview
10.12.2. Product/Service Landscape
10.12.3. Financial Overview
10.12.4. Recent Developments
10.13. NDT Global GmbH
10.13.1. Company Overview
10.13.2. Product/Service Landscape
10.13.3. Financial Overview
10.13.4. Recent Developments
10.14. Acuren
10.14.1. Company Overview
10.14.2. Product/Service Landscape
10.14.3. Financial Overview
10.14.4. Recent Developments
10.15. LynX Inspection
10.15.1. Company Overview
10.15.2. Product/Service Landscape
10.15.3. Financial Overview
10.15.4. Recent Developments
The Ultrasonic Testing Market has been segmented as below:
Ultrasonic Testing Market, By Type
- Time-Of-Flight Diffraction
- Phased Array
- Immersion Testing
- Guided-Wave
Ultrasonic Testing Market, By Application
- Flaw Detection
- Material Thickness
- Dimensional Measurement
- Others
Ultrasonic Testing Market, By Industry Vertical
- Chemical & Petrochemical
- Oil & Gas
- Energy & Power
- Automotive
- Food & Beverages
- Healthcare
- Others
Ultrasonic Testing Market, By Region
- North America
- Europe
- Asia-Pacific
- Rest of the World
Ultrasonic Testing Market, By Company
- Baker Hughes
- Olympus Corporation
- MISTRAS Group
- Intertek
- Sonatest
- Zetec, Inc.
- T.D. Williamson Inc.
- Bosello High Technology Srl.
- Eddyfi
- Magnaflux
- Fischer Technology Inc.
- Cygnus Instruments Ltd.
- NDT Global GmbH
- Acuren
- LynX Inspection
Got a question? We've got answers. If you have some other questions, see our support center.
What is the predicted growth rate of Ultrasonic Testing market?
The market is expected to grow at a CAGR of 7% during the study period (2023-2028)
How big is the Ultrasonic Testing market value?
The Ultrasonic Testing Market is expected to be around US$ 5.20 Billion by 2028
What is the segment’s covered for the Ultrasonic Testing market?
The segment included in Ultrasonic Testing market is include Type, Application, Industry Vertical and region.
Who are the major key vendors in Ultrasonic Testing market?
Some key players operating in the Ultrasonic Testing market is Baker Hughes, Olympus Corporation, MISTRAS Group, Intertek, Sonatest, Zetec, Inc., T.D. Williamson Inc., Bosello High Technology Srl
What are the different forms of the report available?
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• Spreadsheet/ Workbook
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