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Global Non-destructive Testing Market Analysis By Component (Services, Equipment), By Test Method (Traditional NDT Method (Visual Testing, Magnetic Particle Testing, Liquid Penetrant Testing, Eddy Current Testing, Ultrasonic Testing, Radiographic Testing), Digital/Advanced NDT Method (Digital Radiography (DR), Phased Array Ultrasonic Testing (PAUT), Pulsed Eddy Current (PEC), Time-Of-Flight Diffraction (TOFD), Alternating Current Field Measurement (ACFM), Automated Ultrasonic Testing (AUT))), By End-user (Oil & Gas, Manufacturing, Aerospace and Defense, Construction, Automotive, Power Generation, Others) & Forecast

  • PUBLISHED ON
  • 2024-10-03
  • NO OF PAGES
  • 275
  • CATEGORY
  • Electronics & Communication
Market Overview:
The global Non-destructive Testing market was valued at USD 21.77 billion in 2022 and expected to grow at a CAGR of 7.5% during the forecast period. Non-destructive testing (NDT) is a method of evaluating the properties of materials or components without causing any damage to the object being tested. NDT techniques are used to detect, locate, and quantify defects and irregularities in a wide range of materials and structures, including metals, composites, ceramics, and plastics.

Report Scope

Report Attributes

Description

Market Size in 2022

USD 21,770 Million

Market Forecast in 2033

USD 34,160 Million

CAGR % 2023-2033

7.5%

Base Year

2022

Historic Data

2019-2021

Forecast Period

2023-2033

Report USP

Production, Consumption, company share, company heatmap, company production capacity, growth factors and more

Segments Covered

Test method and end user

Regional Scope

North America, Europe, APAC, South America and Middle East and Africa

Country Scope

U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria

Key Companies

Ashtead Technology, Eddyfi, Fischer Technologies Inc, General Electric, Nikon Corporation, Mistras Group, Olympus Corporation, Sonatest, Yxlon International, Zetec, Inc, MME Group, TWI Ltd, Others,


NDT techniques can be used to assess a variety of properties, including surface and subsurface defects, thickness measurements, material composition, and mechanical properties. The methods used for NDT include visual inspection, radiographic testing, ultrasonic testing, magnetic particle testing, eddy current testing, and others.
Visual inspection involves the examination of a component or material with the naked eye or a magnifying device to identify surface defects. Radiographic testing uses X-rays or gamma rays to examine the internal structure of a component and detect defects or irregularities. Ultrasonic testing uses high-frequency sound waves to penetrate materials and detect internal flaws, while magnetic particle testing uses magnetic fields and particles to detect surface and near-surface cracks and defects. Eddy current testing uses electromagnetic induction to detect surface and subsurface flaws in conductive materials.

NDT is used in a variety of industries, including aerospace, automotive, construction, manufacturing, and power generation. It is a critical part of quality control and safety assurance, helping to identify potential defects and prevent catastrophic failures. NDT also plays an important role in research and development, as it enables engineers and scientists to evaluate the properties of new materials and components without causing any damage.

Covid-19 Impact:
The COVID-19 pandemic has had a significant impact on the non-destructive testing (NDT) industry, both positively and negatively. Here are some of the ways in which the pandemic has affected the NDT industry:

Disruption of supply chains: The pandemic has disrupted global supply chains, causing delays in the delivery of NDT equipment and materials. This has resulted in longer lead times and higher costs for some NDT products.
Reduced demand in some industries: The pandemic has caused a reduction in demand for NDT services in certain industries, such as aerospace and automotive, as production and maintenance activities have been curtailed due to lockdowns and travel restrictions.
Increased demand in other industries: On the other hand, the pandemic has also increased the demand for NDT services in some industries, such as power generation and infrastructure, as governments have increased investments in these areas to stimulate the economy.
Shift towards remote testing: The pandemic has accelerated the trend towards remote and automated NDT testing, as social distancing measures have made it difficult to perform on-site inspections. This has led to an increase in the use of technologies such as drones, robotics, and remote monitoring.
Health and safety concerns: The pandemic has also raised health and safety concerns for NDT personnel, who may need to work in close proximity to others during inspections. This has led to the implementation of new safety protocols, such as the use of personal protective equipment and social distancing measures.

Overall, the impact of the pandemic on the NDT industry has been mixed, with both positive and negative effects. While some industries have seen a reduction in demand for NDT services, others have seen an increase in demand. The pandemic has also accelerated the trend towards remote and automated testing, which is likely to have a long-term impact on the industry.

Market Dynamics:

Drivers:

  • Growing demand for safety and quality assurance: In industries such as aerospace, automotive, oil and gas, and construction, safety and quality assurance are critical. NDT plays a key role in ensuring the safety and reliability of components and structures, leading to an increasing demand for NDT services.
  • Increasing need for inspection and maintenance: As infrastructure and industrial assets age, there is a growing need for inspection and maintenance to ensure their continued safe operation. NDT techniques provide a non-destructive way to inspect these assets, leading to an increased demand for NDT services.
  • Technological advancements: Advances in technology have led to the development of new NDT techniques and equipment, making NDT faster, more accurate, and more cost-effective. This has increased the adoption of NDT across industries.
  • Regulations and standards: Many industries are subject to regulations and standards that require the use of NDT to ensure safety and quality. This has led to an increased demand for NDT services and equipment.
  • Increasing focus on sustainability: The increasing focus on sustainability in industries such as energy and transportation has led to an increased demand for NDT services to ensure the safety and reliability of sustainable technologies such as wind turbines and electric vehicles.
Overall, the increasing need for safety and quality assurance, inspection and maintenance, technological advancements, regulations and standards, and sustainability are driving the growth of the NDT industry. As industries continue to evolve, it is likely that the demand for NDT services will continue to grow.

Restraints:

  • High costs of equipment and training: The cost of NDT equipment can be high, and specialized training is required to operate it. This can make it difficult for small and medium-sized enterprises to adopt NDT technology and services.
  • Lack of standardization: NDT techniques and equipment are not always standardized across industries, which can lead to confusion and inefficiencies. This can be a barrier to adoption, as it can make it difficult for businesses to compare and evaluate NDT services.
  • Limited knowledge and awareness: Many businesses may not be aware of the benefits of NDT or may not have the knowledge to implement it effectively. This can lead to a lack of demand for NDT services and a slower adoption rate.
  • Difficulty in inspecting certain materials: Some materials, such as composites and polymers, can be difficult to inspect using traditional NDT techniques. This can limit the usefulness of NDT in certain industries.
  • Lack of skilled labor: Skilled NDT technicians are in high demand, and there is a shortage of qualified personnel in some regions. This can limit the availability and quality of NDT services.
Overall, the high costs of equipment and training, lack of standardization, limited knowledge and awareness, difficulty in inspecting certain materials, and lack of skilled labor can be restraining factors for the growth of the NDT industry. Addressing these issues can help to accelerate the adoption of NDT and unlock its potential benefits.

Regional Analysis:
North America: The North American region is a mature market for NDT with a significant demand for inspection and maintenance services across industries such as aerospace, defense, automotive, and oil & gas. The region has a high adoption rate of advanced NDT technologies such as phased array ultrasonics, digital radiography, and computed tomography. The US and Canada are the major contributors to the NDT market in the region.
Europe: Europe is another mature market for NDT, with significant demand for NDT services in industries such as automotive, aerospace, and energy. The region has a well-established NDT infrastructure, with a large number of NDT equipment manufacturers and service providers. Germany, the UK, and France are the major contributors to the NDT market in the region.
Asia-Pacific: The Asia-Pacific region is the fastest-growing market for NDT, driven by the increasing demand for inspection and maintenance services in industries such as oil & gas, power generation, and transportation. The region has a large number of small and medium-sized enterprises, which creates significant growth opportunities for NDT service providers. The major contributors to the NDT market in the region are China, India, Japan, and South Korea.
Middle East & Africa: The Middle East & Africa region is a growing market for NDT, driven by the increasing demand for inspection services in the oil & gas industry. The region has a large number of oil & gas production facilities and pipelines, which creates significant demand for NDT services. The major contributors to the NDT market in the region are Saudi Arabia, the UAE, and Qatar.

Overall, the NDT market has significant growth potential across regions, driven by the increasing demand for safety and quality assurance, inspection and maintenance, and technological advancements. The regional variations in demand, technology adoption, and growth potential create significant opportunities for NDT equipment manufacturers and service providers to expand their businesses globally.

Competitive Landscape:
The global Non-destructive Testing market is highly competitive and fragmented with the presence of several players. These companies are constantly focusing on new product development, partnerships, collaborations, and mergers and acquisitions to maintain their market position and expand their geographical presence.

Some of the key players operating in the market are:
• Ashtead Technology
• Eddyfi
• Fischer Technologies Inc
• General Electric
• Nikon Corporation
• Mistras Group
• Olympus Corporation
• Sonatest
• Yxlon International
• Zetec, Inc
• MME Group
• TWI Ltd
• Others

Segments
By Component
• Services
• Equipment

By Test Method
• Traditional NDT Method
o Visual Testing
o Magnetic Particle Testing
o Liquid Penetrant Testing
o Eddy Current Testing
o Ultrasonic Testing
o Radiographic Testing
• Digital/Advanced NDT Method
o Digital Radiography (DR)
o Phased Array Ultrasonic Testing (PAUT)
o Pulsed Eddy Current (PEC)
o Time-Of-Flight Diffraction (TOFD)
o Alternating Current Field Measurement (ACFM)
o Automated Ultrasonic Testing (AUT)

By End-user
• Oil & Gas
• Manufacturing
• Aerospace and Defense
• Construction
• Automotive
• Power Generation
• Others

By Geography
• North America
o U.S.
o Canada
o Mexico
• Europe
o U.K.
o Germany
o France
o Italy
o Spain
o Russia
• Asia-Pacific
o Japan
o China
o India
o Australia
o South Korea
o ASEAN
• Latin America
o Brazil
o Argentina
o Colombia
• MEA
o South Africa
o Saudi Arabia
o UAE
o Egypt

Why to buy this Report?
The report provides quantitative and qualitative aspect for the market in terms of value and volume, along with supporting market trends, challenges, restraints.
The report provides an in depth analysis from both production and consumption point of view at the regional and country level. Key Factors considered within the report scope are Production capacity by countries/regions, average price, consumption ratio, revenue earned and gross margin.The report provides competitive analysis of around 30-50 companies operated in the market, these companies are bifurcated into niche players, the leaders and major contenders.

The companies are analyzed in terms of following factors such as:

  • Business Model
  • Production Capacity, Revenue, Sales, Gross Margin
  • Key Business Strategy
  • SWOT Analysis

In terms of competitive landscape, the report provides distinctive factors that would help the end user in taking a key decision within the business:

  • Company Share Analysis from 2018-2022
  • Company Analysis by Revenue and Sales
  • Company Production Capacity, Gross Margin
  • Company Share Analysis by Application/End Use
  • Company Share Analysis by Product/Specification

Quality Assurance Process

  1. We Market Research’s Quality Assurance program strives to deliver superior value to our clients.

We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.

Market Research Process




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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.


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