Global Non-Destructive Testing and Inspection Market, By Technique (Ultrasonic Testing, Visual Inspection Testing, Magnetic Particle Testing, Liquid Penetrant Testing, Eddy-Current Testing, Radiographic Testing, Acoustic Emission Testing, Others), Method (Visual Inspection, Surface Inspection, Volumetric Inspection, Other Methods), Service (Inspection Services, Equipment Rental Services, Calibration Services, Training Services), Vertical (Manufacturing, Oil & Gas, Aerospace, Public Infrastructure, Automotive, Power Generation, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Non-Destructive Testing and Inspection Market
Non-destructive testing and inspection market will reach at an estimated value of USD 6.54 billion by 2028 and grow at a CAGR of 7.55% in the forecast period of 2021 to 2028. Rise in the continuous technological advancement in automation, robotics, and electronics acts as an essential factor driving the non-destructive testing and inspection market.
Non-destructive testing (NDT) methods are basically used primarily in engineering industries to assess the numerous properties of structures, equipment, materials, and components without causing damage.
Rise in the preference of IoT devices is a crucial factor accelerating the market growth, also increase in the strict regulations of government regarding the safety of instruments and increase in the awareness regarding benefits of NDT are the major factors among others boosting the non-destructive testing and inspection market. Moreover, rise in the research and development activities in the market and increase in the demand from emerging economies will further create new opportunities for non-destructive testing and inspection market in the forecast period mentioned above.
However, high cost of equipment and its maintenance and lack of qualified and skilled personnel are the majors among others restraining the market growth, and will further challenge the non-destructive testing and inspection market in the forecast period mentioned above.
This non-destructive testing and inspection market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on non-destructive testing and inspection market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Non-Destructive Testing and Inspection Market Scope and Market Size
Non-destructive testing and inspection market is segmented on the basis of technique, method, service and vertical. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of technique, non-destructive testing and inspection market is segmented into ultrasonic testing, visual inspection testing, magnetic particle testing, liquid penetrant testing, eddy-current testing, radiographic testing, acoustic emission testing and others.
- Based on method, the non-destructive testing and inspection market is segmented into visual inspection, surface inspection, volumetric inspection and other methods.
- Based on service, the non-destructive testing and inspection market is segmented into inspection services, equipment rental services, calibration services and training services.
- The non-destructive testing and inspection market is also segmented on the basis of vertical into manufacturing, oil & gas, aerospace, public infrastructure, automotive, power generation and others.
Non-Destructive Testing and Inspection Market Scope Country Level Analysis
Non-destructive testing and inspection market is analysed and market size, volume information is provided by country, technique, method, service and vertical as referenced above.
The countries covered in the non-destructive testing and inspection market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the non-destructive testing and inspection market due to rise in the rapid infrastructural development and automation adoption in manufacturing industries in countries such as India and China in this region.
The country section of the non-destructive testing and inspection market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Non-Destructive Testing and Inspection Market Share Analysis
Non-destructive testing and inspection market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to non-destructive testing and inspection market.
The major players covered in non-destructive testing and inspection market report are GENERAL ELECTRIC, MISTRAS Group, Inc., Olympus Corporation, Ashtead Technology Ltd, Nikon Metrology NV, Magnaflux, Zetec, Inc., Eddyfi, YXLON International, Sonatest, Fischer Measurement Technologies India Private Limited, NDT Global, FTH, LLC., Bosello High Technology srl, Labquip NDT, FPrimeC Solutions Inc., LynX Inspection, Cygnus Instruments and Acuren among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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