The global Non-Destructive Testing (NDT) and Inspection market size was USD 9.61 Billion in 2022 and is expected to register a rapid revenue CAGR of 10.1% during the forecast period, according to latest analysis by Emergen Research. Rapid industrialization and urbanization in various emerging countries and high rate of adoption of NDT and inspection equipment in growing industries, such as electronics and robotics, are a key factors driving market revenue growth.
The Non-Destructive Testing (NDT) and Inspection Market report also offers details about market size, market share, revenue growth, and CAGR during the forecast period. The report also offers key insights about top companies in the market along with a thorough SWOT analysis, Porter’s Five Forces analysis, and feasibility analysis to offer competitive edge to the readers. The report focuses on the recent trends, major challenges and opportunities, and limitations pertaining to the ongoing pandemic.
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Competitive Terrain:
The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Non-Destructive Testing (NDT) and Inspection market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
The leading market contenders listed in the report are:
Fischer Technology, Inc., General Electric, MISTRAS Group, Olympus Corporation, Eddyfi, Magnaflux, NDT Global, T.D. Williamson, Inc., Nikon Metrology Inc., and Acuren
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Emergen Research has segmented the global Non-Destructive Testing (NDT) and Inspection market on the basis of type, application, end-use, and region:
Testing Outlook (Revenue, USD Billion; 2019-2032)
- Visual Testing (VT)
- General visual inspection
- Aided visual inspection
- Endoscopes
- Borescopes
- Videoscopes
- Magnetic Particle Testing (MPT)
- Eddy-Current Testing (ECT)
- Radiographic Testing (RT)
- Computed radiography
- Gamma ray testing
- X-ray testing
- Film radiography
- Direct radiography
- Ultrasonic Testing (UT)
- Angle beam testing
- Immersion testing
- Straight beam testing
- Guided wave testing
- Time-Of-Flight Diffraction (TOFD)
- Phased array testing
- Process Compensated Resonance Testing (PCRT)
- Liquid Penetrant Testing (LPT)
- Acoustic Emission Testing (AET)
- Others
- Visual Testing (VT)
Method Outlook (Revenue, USD Billion; 2019-2032)
- Surface inspection
- Visual inspection
- Volumetric inspection
- Others
Service Outlook (Revenue, USD Billion; 2019-2032)
- Inspection services
- Calibration services
- Equipment rental services
- Training services
The various regions analyzed in the report include:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Objectives of the Report:
- Analysis and estimation of the Non-Destructive Testing (NDT) and Inspection Market size and share for the projected period of 2022-2030
- Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
- Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Non-Destructive Testing (NDT) and Inspection Market
- Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
- Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities
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