Non-Destructive Testing (NDT) and Inspection Market: A Deep Dive into the Industry's Key Applications and Technologies

The study on the Global Non-Destructive Testing (NDT) and Inspection market is the latest report covering the impact analysis of the currently ongoing COVID-19 pandemic. The pandemic has directly affected the market by causing disruptions in the global supply chains and indirectly by inducing financial difficulties. The Non-Destructive Testing (NDT) and Inspection market has witnessed dynamic changes in trends and demands owing to the ongoing COVID-19 pandemic. The report provides a detailed outlook on how the pandemic has affected the key segments of the Non-Destructive Testing (NDT) and Inspection industry. The report includes an in-depth impact analysis of the COVID-19 pandemic on the overall Non-Destructive Testing (NDT) and Inspection industry

The global Non-Destructive Testing (NDT) and Inspection market size was USD 9.61 Billion in 2022 and is expected to register a rapid revenue CAGR of 10.1% during the forecast period, according to latest analysis by Emergen Research. Rapid industrialization and urbanization in various emerging countries and high rate of adoption of NDT and inspection equipment in growing industries, such as electronics and robotics, are a key factors driving market revenue growth.

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Market Overview:

The research report on the Non-Destructive Testing (NDT) and Inspection market is formulated through extensive primary and secondary research along with qualitative and quantitative analysis of vital aspects of the market. The insightful data is further validated and verified by the industry professionals. The report strives to offer deeper insights into the overall market scenario of the Non-Destructive Testing (NDT) and Inspection business sphere.

Report Objective: The primary objective of this report is to provide the manufacturers, distributors, suppliers, and buyers engaged in this sector with access to a deeper and improved understanding of the global Non-Destructive Testing (NDT) and Inspection market.

Competitive Terrain:

The global Non-Destructive Testing (NDT) and Inspection industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.

The leading market contenders listed in the report are:

Fischer Technology, Inc., General Electric, MISTRAS Group, Olympus Corporation, Eddyfi, Magnaflux, NDT Global, T.D. Williamson, Inc., Nikon Metrology Inc., and Acuren

The research study examines historic data from 2018 and 2020 to draw forecasts until 2028. The timeline makes the report an invaluable resource for readers, investors, and stakeholders looking for key insights in readily accessible documents with the information presented in the form of tables, charts, and graphs.

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Market Segmentations of the Non-Destructive Testing (NDT) and Inspection Market

This market is segmented based on Types, Applications, and Regions. The growth of each segment provides accurate forecasts related to production and sales by Types and Applications, in terms of volume and value for the period between 2020 and 2028. This analysis can help readers looking to expand their business by targeting emerging and niche markets. Market share data is given on both global and regional levels. Regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Research analysts assess the market positions of the leading competitors and provide competitive analysis for each company. For this study, this report segments the global Non-Destructive Testing (NDT) and Inspection market on the basis of product, application, and region:

Segments Covered in this report are:

  • Testing Outlook (Revenue, USD Billion; 2019-2032)

    • Visual Testing (VT)
      • General visual inspection
      • Aided visual inspection
        1. Endoscopes
        2. Borescopes
        3. Videoscopes
    • Magnetic Particle Testing (MPT)
    • Eddy-Current Testing (ECT)
    • Radiographic Testing (RT)
      1. Computed radiography
      2. Gamma ray testing
      3. X-ray testing
      4. Film radiography
      5. Direct radiography
    • Ultrasonic Testing (UT)
      1. Angle beam testing
      2. Immersion testing
      3. Straight beam testing
      4. Guided wave testing
      5. Time-Of-Flight Diffraction (TOFD)
      6. Phased array testing
      7. Process Compensated Resonance Testing (PCRT)
    • Liquid Penetrant Testing (LPT)
    • Acoustic Emission Testing (AET)
    • Others

  • Method Outlook (Revenue, USD Billion; 2019-2032)

    • Surface inspection
    • Visual inspection
    • Volumetric inspection
    • Others

  • Service Outlook (Revenue, USD Billion; 2019-2032)

    • Inspection services
    • Calibration services
    • Equipment rental services
    • Training services

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Regional Outlook of the Non-Destructive Testing (NDT) and Inspection Market

The global Non-Destructive Testing (NDT) and Inspection market has been categorized into several important geographical regions, including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In this section, authors of the report have studied the presence of the global Non-Destructive Testing (NDT) and Inspection market across major geographies. Moreover, the estimated market share, market size, revenue contribution, sales network and distribution channel, and other crucial elements of each regional segment have been detailed in the report.

Key Points of the Geographical Analysis:

  • Data and information related to the consumption rate in each region
  • Estimated increase in the consumption rate
  • Proposed growth of the market share of each region
  • Geographical contribution to market revenue
  • Expected growth rate of the regional markets

Key takeaways of the Global Non-Destructive Testing (NDT) and Inspection Market report:

  • The report sheds light on the fundamental Non-Destructive Testing (NDT) and Inspection market drivers, restraints, opportunities, threats, and challenges.
  • It elaborates on the new, promising arenas in the leading market regions.
  • It examines the latest research & development projects and technological innovations taking place in the key regional segments.
  • The research report reviews the regulatory framework for creating new opportunities in various regions of the market
  • It focuses on the new revenue streams for the players in the emerging markets.
  • Furthermore, the report offers vital details about the rising revenue shares and the sizes of the key product segments.

Table of Contents

  1. Executive Summary
  2. Research Methodology
  3. Market Overview
  4. Regional Landscape
  5. Global Market Analysis and Forecast by Types
  6. Global Market Analysis and Forecast by Applications
  7. Global Market Analysis and Forecast by Regions
  8. North America Market Analysis and Forecast
  9. Europe Market Analysis and Forecast
  10. Asia Pacific Market Analysis and Forecast
  11. Latin America Market Analysis and Forecast
  12. Middle East & Africa Market Analysis and Forecast
  13. Competitive Landscape

In conclusion, the Non-Destructive Testing (NDT) and Inspection Market report is an exhaustive database that will help readers formulate lucrative strategies. The Non-Destructive Testing (NDT) and Inspection Market report studies the latest economic scenario with value, drivers, constraints, growth opportunities,  challenges, demand and supply ratio, production capacity, import/export status, growth rate, and others. Additionally, the report also undertakes SWOT Analysis and Porter’s Five Forces Analysis to study the leading companies.

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