There has been a growing demand for fault detections in the industry, such as cracks, porosity, manufacturing disorders, and increasing automation in the industrial manufacturing and infrastructure sectors. Henceforth, compliance with industrial safety rules is also a primary factor responsible for the growth of the non-destructive testing market. The shortage of skilled and professional personnel to perform the non-destructive testing activities is a factor to hamper the non-destructive testing market growth. Non-destructive testing is a testing method for proper evaluation and diagnosis of defects and flaws in products. In the production procedure, it is an essential quality control tool that helps in the early detection of surface and subsurface defects in work-in-progress and finished products. For recognizing defects and structural morality in industrial assets and public infrastructures such as industrial buildings, pipeline systems, bridges, railway lines, and factory machinery, the non-destructive testing method is used. The Non-Destructive Testing Market is estimated to grow at the rate of 6.9% CAGR by 2026.
Non-Destructive Testing Market based on Offering
• Non-destructive Testing Services
• Non-destructive Testing Equipment
Non-Destructive Testing Market based on Testing Method
• Visual Testing
• Magnetic Particle Testing
• Liquid Penetrant Testing
• Eddy Current Testing
• Ultrasonic Testing
• Radiographic Testing
Non-Destructive Testing Market based on Vertical
• Oil & Gas
• Manufacturing
• Aerospace and Defense
• Construction
• Automotive
• Power Generation
• Others
Non-Destructive Testing Market based on Geography
• North America
• Europe
• Asia Pacific
• Rest of the World
On the basis of offering, the market is bifurcated into non-destructive testing services and non-destructive testing equipment. The non-destructive testing services segment has a more significant revenue contribution in the market share. The stringent government rules about work safety are influencing the end-users to outsource non-destructive testing activities to third parties service providers.
The ultrasonic testing segment is anticipated to be the highest-growing test method segment in the non-destructive testing market. This growth is ascribed to the rising adoption of ultrasonic detectors in production processes. Ultrasonic detectors are easy to use, portable, and offer accurate outcomes compared to conventional non-destructive testing methods. Hence, the adoption of ultrasonic testing improves at a substantial rate and is estimated to improve in the forecast period.
The non-destructive testing market is further segmented as per the vertical. Non-destructive testing has been used widely in the oil and gas vertical. Test methods including ultrasonic and eddy current have been adapted to spot the pipes' cracks below the ground and upwards. However, with the rising awareness, non-destructive testing methods are being adopted in various applications, including aerospace, defense, and automotive manufacturing.
According to the regional market, North America is dominating the non-destructive testing market. This is due to the deployment of non-destructive testing methods among various applications, availability of skilled and professional personnel, and increasing emphasis on non-destructive testing to prevent unanticipated failures of systems expected to fuel the regional market.
Increasing complications in machinery, increasing requirements of accurate product usage specifications, stringent government regulations to ensure workforce safety, and strict requirements of quality control are the key factors that augment the growth of the global market non-destructive testing. Previous evidence of infrastructure failures has precipitated governments worldwide to implement restricted safety regulations, which have boosted the demand for non-destructive testing equipment and services.
The global non-destructive testing market is dominated by General Electric, Bosello High Technology srl, Olympus Corporation, Cygnus Instruments Ltd., T.D. Williamson Inc., Fischer Technology Inc., YXLON International, Sonatest, MISTRAS Group, Nikon Metrology, Ashtead Technology, Zetec, Inc., Eddyfi, and Magnaflux.
As a result, non-destructive testing methods play a prominent role in everyday life and are mandatory to ensure the safety and reliability of materials, products, and machinery. Furthermore, the increasing awareness about the safety of the workforce in the various sectors, more specifically in aerospace and defense, is increasing the demand for non-destructive testing.
• The report includes an in-depth quantitative analysis of the non-destructive testing market, which assists the shareholders in capitalizing on the present market trends.
• Further, the study will help understand the market player’s capabilities and strategies, such as technical innovations, mergers and acquisitions, and joint ventures.
• This research of the non-destructive testing market also consists of comprehensive insights about technical innovations in the methods.
• In addition, this report will offer the geographical analysis of the non-destructive testing market to understand the market penetration across the world.
Table of Contents
1. Executive Summary
2. Industry Outlook
2.1. Industry Overview
2.2. Industry Trends
3. Market Snapshot
3.1. Market Definition
3.2. Market Outlook
3.2.1. Porter Five Forces
3.3. Related Markets
4. Market characteristics
4.1. Market Overview
4.2. Market Segmentation
4.3. Market Dynamics
4.3.1. Drivers
4.3.2. Restraints
4.3.3. Opportunities
4.4. DRO - Impact Analysis
5. Offering: Market Size & Analysis
5.1. Overview
5.2. Non-destructive Testing Services
5.3. Non-destructive Testing Equipment
6. Testing Method: Market Size & Analysis
6.1. Overview
6.2. Visual Testing
6.3. Magnetic Particle Testing
6.4. Liquid Penetrant Testing
6.5. Eddy Current Testing
6.6. Ultrasonic Testing
6.7. Radiographic Testing
7. Vertical: Market Size & Analysis
7.1. Overview
7.2. Oil & Gas
7.3. Manufacturing
7.4. Aerospace and Defense
7.5. Construction
7.6. Automotive
7.7. Power Generation
7.8. Others
8. Geography: Market Size & Analysis
8.1. Overview
8.2. North America
8.3. Europe
8.4. Asia Pacific
8.5. Rest of the World
9. Competitive Landscape
9.1. Competitor Comparison Analysis
9.2. Market Developments
9.2.1. Mergers and Acquisitions, Legal, Awards, Partnerships
9.2.2. Product Launches and execution
10. Vendor Profiles
10.1. General Electric
10.1.1. Overview
10.1.2. Financial Overview
10.1.3. Product Offerings
10.1.4. Developments
10.1.5. Business Strategy
10.2. Bosello High Technology SRL
10.2.1. Overview
10.2.2. Financial Overview
10.2.3. Product Offerings
10.2.4. Developments
10.2.5. Business Strategy
10.3. Olympus Corporation
10.3.1. Overview
10.3.2. Financial Overview
10.3.3. Product Offerings
10.3.4. Developments
10.3.5. Business Strategy
10.4. Cygnus Instruments Ltd.
10.4.1. Overview
10.4.2. Financial Overview
10.4.3. Product Offerings
10.4.4. Developments
10.4.5. Business Strategy
10.5. T.D. Williamson Inc.
10.5.1. Overview
10.5.2. Financial Overview
10.5.3. Product Offerings
10.5.4. Developments
10.5.5. Business Strategy
10.6. Fischer Technology Inc.
10.6.1. Overview
10.6.2. Financial Overview
10.6.3. Product Offerings
10.6.4. Developments
10.6.5. Business Strategy
10.7. YXLON International
10.7.1. Overview
10.7.2. Financial Overview
10.7.3. Product Offerings
10.7.4. Developments
10.7.5. Business Strategy
10.8. Sonatest
10.8.1. Overview
10.8.2. Financial Overview
10.8.3. Product Offerings
10.8.4. Developments
10.8.5. Business Strategy
10.9. MISTRAS Group
10.9.1. Overview
10.9.2. Financial Overview
10.9.3. Product Offerings
10.9.4. Developments
10.9.5. Business Strategy
10.10. Nikon Metrology
10.10.1. Overview
10.10.2. Financial Overview
10.10.3. Product Offerings
10.10.4. Developments
10.10.5. Business Strategy
11. Companies to Watch
11.1. Ashtead Technology
11.1.1. Overview
11.1.2. Products & Services
11.1.3. Business Strategy
11.2. Zetec, Inc.
11.2.1. Overview
11.2.2. Products & Services
11.2.3. Business Strategy
11.3. Eddyfi
11.3.1. Overview
11.3.2. Products & Services
11.3.3. Business Strategy
11.4. Magnaflux
11.4.1. Overview
11.4.2. Products & Services
11.4.3. Business Strategy
12. Analyst Opinion
13. Annexure
13.1. Report Scope
13.2. Market Definitions
13.3. Research Methodology
13.3.1. Data Collation and In-house Estimation
13.3.2. Market Triangulation
13.3.3. Forecasting
13.4. Report Assumptions
13.5. Declarations
13.6. Stakeholders
13.7. Abbreviations

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