Non Destructive Testing Market

Non-Destructive Testing Market witnessed USD 7,160 million in 2020, growing at a robust CAGR of 13.2% during forecast period.

Introduction of the Non-Destructive Testing Market Report

Non-destructive testing (NDT) refers to the testing and analysis techniques for evaluating the properties of a material, component, or system in an industry for characteristic differences, welding defects and discontinuities without destroying the serviceability of the part or system. Various non-destructive testing including acoustic emission testing, electromagnetic testing, laser testing methods, leak testing, magnetic flux leakage, liquid penetrant testing, neutron radiographic testing, radiographic testing, infrared testing, ultrasonic testing, vibration analysis, and visual testing are used in industries.

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Market Dynamic

Key Drivers and Emerging Trends

Rising industrialization; growth in the manufacturing activities, rising urbanization coupled with extensive infrastructural construction in developing nations such as India and China; increasing oil and gas projects in Middle East and North America are some of the major reasons expected to drive the demand of non-destructive testing equipment and services for detecting faults and structural integrity. In addition, the non-destructive testing ensures product integrity and reliability, control manufacturing processes, lower production costs and maintain a uniform quality level which further augments the market growth. Moreover, advancements in non-destructive testing including ultrasonic technology and radiographic testing, and laser testing together with the  increasing awareness amongst the manufacturers regarding the use of NDT is expected to provide huge growth opportunities to the market over the forecast period.

Restraint in the Non-Destructive Testing Market

However, the high cost of non-destructive equipment and technical complexities involved in their deployment is expected to restraint the market growth. Additionally, lack of a skilled workforce to perform non-destructive testing is further limiting the growth of the non-destructive testing market size.

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Type – Segment Analysis

Based on the type, the services segment is expected to grow at a significant rate over the forecast period. This can be attributed to the increasing demand of inspection services for inspecting flaws, corrosion, and other weaknesses in industrial machinery and structures that can be rectified in a timely and cost-effective manner. Rising demand for training services for the installation and maintenance of non-destructive testing equipment is further contributing to the market growth.

Technology – Segment Analysis

Based on the technology, ultrasonic testing segment is expected to grow at a high rate over the forecast period owing to its various benefits including highly automated operation capability; can be performed on all types of materials; high accuracy and reproducibility in flaws detection. Additionally, ultrasonic testing is widely used for checking the quality of welds in pipes for the offshore oil industry, flaw detection and evaluation of materials in aerospace, military, and marine industries, which is further propels the market demand.

Industry Vertical – Segment Analysis

Based on the industry vertical, the power and energy segment is projected to witness a notable CAGR over the forecast period primarily due to the rapidly rising power demand and increasing number of power grids, solar power plants, and hydroelectric power plants across the globe. According to the U.S. Energy Information Administration, the world energy consumption will rise nearly 50% by 2050 owing to the growing global population at the rate of 0.7% per year. Moreover, growing use of ultrasonic inspection for wall thickness measurement and scale detection, eddy current techniques for crack detection, remote visual inspection at the turbine sections in the energy sector is augmenting the market growth.

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Regional – Segment Analysis:

Based on region, Asia-Pacific is anticipated to grow at a prominent rate during the forecast period. This is primarily due to the rapid economic development; growing number of industries including aerospace, construction, automotive; and automation adoption in manufacturing industries. In addition, the Make in India initiative by the government of India; Made in China 2025; and Manufacture Innovation 3.0 in South Korea for boosting the manufacturing industry is likely to positively impact the market growth in Asia-Pacific region.

Top Market Players

Several leading Non Destructive Testing companies operating in the market, include, General Electric Company, Ashtead Technology Ltd., Eddyfi, Fischer Technologies Inc., Nikon Metrology N.V., Mistras Group, Sonatest, YXLON International, Zetec, Inc., and Olympus Corporation among others. 

Key Developments: 

• • In 2019, Olympus Corporation launched the DSX1000 digital microscope, which significantly improves users’ inspection workflow and enables the analysis of a wide variety of samples with a single tool.

Segments covered in the Report:

The global Non Destructive Testing market has been segmented on the basis of type, technology, industry vertical, and key regions. Based on type, the market is segmented into services and equipment. Based on technology, the market is segmented into visual testing, magnetic particle testing, liquid penetrant testing, eddy current testing, ultrasonic testing, radiographic testing, and others. Based on by industry vertical, the market is segmented into oil & gas, manufacturing, aerospace and defence, construction, automotive, power and energy, and other. 

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Key questions answered in this research report:

• • At what pace is global Non Destructive Testing Market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Non Destructive Testing Market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Non Destructive Testing Market?
  • Which type generated maximum revenues in 2020 and identify the most promising type during the forecast period?
  • What are the various industry verticals of global Non Destructive Testing Market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Non-Destructive Testing Market by Type

• • Services
  • Equipment

Global Non-Destructive Testing Market by Technology

• • Visual Testing
  • Magnetic Particle Testing
  • Liquid Penetrant Testing
  • Eddy Current Testing
  • Ultrasonic Testing
  • Radiographic Testing
  • Others

Global Non-Destructive Testing Market by Industry Vertical

• • Oil & Gas
  • Manufacturing
  • Aerospace and Defence
  • Construction
  • Automotive
  • Power and Energy
  • Others

Global Non-Destructive Testing Market by Region

• • North America Non Destructive Testing Market (Option 1: As a part of the free 25% customization)
    • North America Non Destructive Testing Market by Type
    • North America Non Destructive Testing Market by Technology
    • North America Non Destructive Testing Market by Industry Vertical
    • US Non Destructive Testing Market All-Up
    • Canada Non Destructive Testing Market All-Up
  • Europe Non Destructive Testing Market (Option 2: As a part of the free 25% customization)
    • Europe Non Destructive Testing Market by Type
    • Europe Non Destructive Testing Market by Technology
    • Europe Non Destructive Testing Market by Industry Vertical
    • UK Non Destructive Testing Market All-Up
    • Germany Non Destructive Testing Market All-Up
    • France Non Destructive Testing Market All-Up
    • Spain Non Destructive Testing Market All-Up
    • Rest of Europe Non Destructive Testing Market All-Up
  • Asia-Pacific Non Destructive Testing Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Non Destructive Testing Market by Type
    • Asia-Pacific Non Destructive Testing Market by Technology
    • Asia-Pacific Non Destructive Testing Market by Industry Vertical
    • China Non Destructive Testing Market All-Up
    • India Non Destructive Testing Market All-Up
    • Japan Non Destructive Testing Market All-Up
    • Rest of APAC Non Destructive Testing Market All-Up
  • RoW Non Destructive Testing Market (Option 4: As a part of the free 25% customization)
    • RoW Non Destructive Testing Market by Type
    • RoW Non Destructive Testing Market by Technology
    • RoW Non Destructive Testing Market by Industry Vertical
    • Brazil Non Destructive Testing Market All-Up
    • South Africa Non Destructive Testing Market All-Up
    • Saudi Arabia Non Destructive Testing Market All-Up
    • UAE Non Destructive Testing Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Non Destructive Testing Market All-Up

Major Players Operating in the Non-Destructive Testing Market (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • General Electric Company
  • Ashtead Technology Ltd. 
  • Eddyfi 
  • Fischer Technologies Inc. 
  • Nikon Metrology N.V.
  • Mistras Group
  • Sonatest 
  • YXLON International
  • Zetec, Inc.
  • Olympus Corporation