The Global Non-Destructive Testing and Inspection Market accounted for USD 7.5 billion in 2016 growing at a CAGR of 8.0% during the forecast period of 2017 to 2024.
The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Global Non-Destructive Testing and Inspection Market, By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa), By Technique (Ultrasonic Testing (UT), Visual Testing, Magnetic Particle Testing (MPT), Liquid Penetrant Testing (LPT), Eddy Current Testing (ECT), Radiographic Testing (RT), Acoustic Emission Testing (AET)); By Method (Visual Inspection, Surface Inspection, Volumetric Inspection) By Service (Inspection Services, Equipment Rental Services, Calibration Services, Training Services), By Vertical (Manufacturing, Oil & Gas, Aerospace & Defense, Public Infrastructure, Automotive, Power Generation) – Industry Trends and Forecast to 2024
Non-destructive testing and inspection is a non-invasive inspection technique used to testing, or evaluating materials, components or assemblies for discontinuities, or differences in characteristics without causing damage to the serviced part or system. These testing services are performed in variety of industries such as manufacturing, oil & gas, aerospace & defense, public infrastructure, automotive, power generation to comply with a wide variety of industry standards, government contracts, and unique customer requirements.
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Major Market Drivers:
- Rising adoption of IOT solutions
- Continuous advancements in electronics, and automation & robotics
- Strong government to safety and product quality regulations
- Increasing need for the capability of aging assets
Market Segmentation: Global Non-Destructive Testing and Inspection Market
The non-destructive testing and inspection market is segmented on the basis of technique into Ultrasonic Testing (UT), Visual Testing, Magnetic Particle Testing (MPT), Liquid Penetrant Testing (LPT), Eddy Current Testing (ECT), Radiographic Testing (RT), Acoustic Emission Testing (AET), and Other Techniques.
The global non-destructive testing and inspection market is also segmented on the basis of method into visual inspection, surface inspection, volumetric inspection, and other methods.
On the basis of service, the global non-destructive testing and inspection market is further segmented into inspection services, equipment rental services, calibration services, and training services.
On the basis of end-user, the global non-destructive testing and inspection market is further segmented manufacturing, oil & gas, aerospace & defense, public infrastructure, automotive, power generation.
On the basis of geography, global non-destructive testing and inspection market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
In 2017, North America is expected to dominate the market.
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Company Share Analysis: Global Non-Destructive Testing and Inspection Market
The report for non-destructive testing and inspection market include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is registered in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges, measure providers ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others.
The report also measures technology life line curve and market time line to analyze and do more affective investments.
Major Market Competitors: Global Non-Destructive Testing and Inspection Market
Some of the major players of the global non-destructive testing and inspection market are General Electric Company, Olympus Corporation, Ashtead Technology Ltd., MISTRAS Group Inc., Nikon Corporation, Magnaflux Corporation, Zetec Inc., Sonatest Ltd., Sonotron NDT, Bosello High Tech SRL, Yxlon International GMBH, Fischer Technology Inc., Eddyfi NDT Inc., FujiFilm Corporation, ibg NDT Systems Corporation, Institut Dr. Foerster GmbH & Co. KG., KARL STORZ GmbH & Co.
KG, Magnetic Analysis Corporation, NDTS India (P) Limited, among others.
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