Global Ultrasonic Testing Market, By Type (Time-Of-Flight Diffraction, Phased Array, Immersion Testing and Guided-Wave), Application (Flaw Detection, Material Thickness, Dimensional Measurement and Others), Industry Vertical (Chemical and Petrochemical, Oil and Gas, Energy and Power, Automotive, Food and Beverages, Healthcare and Others), Country (U.S., Canada, Mexico, 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, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of the Middle East & Africa)-Industry Trends and Forecast to 2029
Market Analysis and Insights Global Ultrasonic Testing Market
The ultrasonic testing market is expected to witness market growth at a rate of 7.90% in the forecast period of 2022 to 2029. Data Bridge Market Research report on ultrasonic testing market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the number of applications of ultrasonic testing across the defense and aerospace sector for detecting internal flaws with higher accuracy is escalating the growth of ultrasonic testing market.
Ultrasonic testing is known to be a sort of non-destructive testing mechanism where ultrasonic pulse waves with a central frequency of 0.1 – 15 MHz are transmitted into any material to identify any kind of internal defect within the material. This sort of ultrasonic testing can also be utilized for the inspection of flaw detection or evaluation, high-speed rotating engine parts, material thickness and dimensional measurement.
Major factors that are expected to boost the growth of the ultrasonic testing market in the forecast period are the advancement of portable phased array ultrasonic testing equipment. Furthermore, the growing demand for reliable non-destructive testing technique for fiberglass and carbon fiber composites in manufacturing is further anticipated to propel the growth of the ultrasonic testing market. Moreover, the development in ultrasonic testing market services is further estimated to cushion the growth of the ultrasonic testing market. On the other hand, the restrictions of manual ultrasonic testing in detecting early stages of damage is further projected to impede the growth of the ultrasonic testing market in the timeline period.
In addition, the prospects in power generation sector will further provide potential opportunities for the growth of the ultrasonic testing market in the coming years. However, the decline in the prices of oil and gas might further challenge the growth of the ultrasonic testing market in the near future.
This ultrasonic testing market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized 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 the ultrasonic testing 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 Ultrasonic Testing Market Scope and Market Size
The ultrasonic testing market is segmented on the basis of type, application and industry vertical. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them in making strategic decisions for the identification of core market applications.
- On the basis of type, the ultrasonic testing market is segmented into time-of-flight diffraction, phased array, immersion testing and guided-wave.
- On the basis of application, the ultrasonic testing market is segmented into flaw detection, material thickness, dimensional measurement and others.
- On the basis of industry vertical, the ultrasonic testing market is segmented into chemical and petrochemical, oil and gas, energy and power, automotive, food and beverages, healthcare and others.
Ultrasonic Testing Market Country Level Analysis
The ultrasonic testing market is analyzed, and market size insights and trends are provided by country, type, application and industry vertical as referenced above.
The countries covered in the ultrasonic testing market report are the U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of the Middle East and Africa (MEA) as a part of the Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the ultrasonic testing market due to the rise in the use of the UT technique for railway inspections. Furthermore, the occurrence of major key players will further boost the growth of the ultrasonic testing market in the region during the forecast period. Asia-Pacific is projected to observe significant amount of growth in the ultrasonic testing market due to the increasing manufacturing industry. Moreover, the exponential development of the public infrastructure vertical is further anticipated to propel the growth of the ultrasonic testing market in the region in the coming years.
The country section of the ultrasonic testing market report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as consumption volumes, production sites, and volumes, import-export analysis, price trend analysis, cost of raw materials, downstream and upstream value chain analysis are some of the major 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, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The ultrasonic testing market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kinds of products for the ultrasonic testing market, the impact of technology using lifeline curves, and changes in healthcare regulatory scenarios and their impact on the ultrasonic testing market. The data is available for the historic period 2010-2020.
Competitive Landscape and Ultrasonic Testing Market Share Analysis
The ultrasonic testing market competitive landscape provides details by a competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, 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 the ultrasonic testing market.
Some of the major players operating in the ultrasonic testing market are Baker Hughes, Olympus Corporation., MISTRAS, Intertek Group plc, Sonatest, Zetec, Inc., T.D. Williamson Inc., Bosello High Technology srl, Eddyfi, Magnaflux, Fischer Technology Inc., Cygnus Instruments Ltd., NDT Systems Inc, Acuren, LynX Inspection Inc., Tecscan Systems Inc., Ashtead Technology., Amerapex Corporation., General Electric Company, and American Society for Nondestructive Testing among others.
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