Global Non-Destructive Testing Equipment Market (2019-2025) | Analysis, Size, Revenue, Trends, Growth, Forecast, Industry, Outlook, Value & Segmentation

Latest 2023 Developments of the Global Non-Destructive Testing Equipment Market

Global Non-Destructive Testing Equipment Market is witnessing innovation as Nikon introduced the Accurate Precision Distance Scanning (APDIS) laser radar in October 2020, which delivers precise measurements for improving the efficiency and quality of products in a variety of industries. Olympus Corporation announced the debut of a digital microscope in June 2019, which improves users' inspection workflow and allows them to analyze a variety of materials with a single piece of equipment. Furthermore, ultrasonic testing equipment is being connected with software tools that can significantly speed up analysis and uncover inconsistencies in metals or composites.

Mergers And Acquisition:

• On 04 Dec 2020, Olympus Corporation announced that it entered into an agreement to acquire Veran Medical Technologies, Inc., a leading provider of advanced medical devices.
• On 03 Nov 2020, Olympus Corporation acquired FH ORTHO SAS, an international orthopaedic company.
• On 24 Sept 2019, MISTRAS Group acquired New Century Software, a leading pipeline data management provider.
• On 22 April 2021, Bureau Veritas acquired Bradley Construction Management.
• On 13 May 2021, Intertek Group plc announced that it entered into an agreement to acquire SAI Global Assurance, a leading provider of assurance services.

Global Non-Destructive Testing Equipment Market Synopsis

The Global Non-Destructive Testing Equipment Market is expected to grow owing to the rising demand for quality and standardized products due to an increase in manufacturing failures and stringent industrial government laws. Moreover, the booming manufacturing and construction industry would further propel the demand for NDT equipment globally. With a rise in awareness and adoption of NDT techniques, the Non-Destructive Testing Equipment market demand is projected to rise at a global level.

According to 6Wresearch, Global Non-Destructive Testing (NDT) equipment market size is anticipated to grow during 2019-2025. North America region has accounted for the maximum demand in the non-destructive equipment market globally owing to growing demand in the oil and gas sector majorly at the power generation projects using shale oil in the U.S. However, the Asia-Pacific region is expected to register high growth during the forecast period due to booming manufacturing, construction, and power generation sectors.

By technology, ultrasonic testing has registered a major share in the market as they are portable, easy to use, and provides highly accurate results as compared to traditional techniques. Radiographic testing is also expected to witness significant growth however, the costs incurred in implementing this technique are considerably high, which might impede the growth of this segment.  

The oil & gas sector has the maximum market share in the use of NDT techniques. With growing awareness, NDT techniques are used in various other sectors such as aerospace and defence and automotive manufacturing.

The global non-destructive testing equipment market report thoroughly covers the market, by technology, end-users, and regions including North America, Latin America, Europe, Asia Pacific and the Middle East, and Africa and key countries. The global non-destructive testing equipment market outlook report provides an unbiased and detailed analysis of the ongoing global non-destructive testing equipment market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

At the global level, the non-destructive testing equipment market is classified based on the NDT testing method and many testing methods such as visual inspection testing, ultrasonic testing, magnetic particle testing, radiography testing, liquid penetrant testing, eddy-current testing, electromagnetic testing, and others. With the in-depth analysis, the global non-destructive equipment testing market is based on the stakeholders. The market is providing a platform for future and current trends with the attractiveness of the market is going to potency and garner the sizable market share. According to the study, the in-depth analysis of the drive is to highlight insights into the growth opportunities of the industry. There are a lot of key players in the market Magnaflux, Yxlon International, Olympus Corporation, Intertek Group, SGS S.A., Ashtead Technology, Mistras Group, and General Electric. 

The non-destructive testing is referred to as the examination of components/ materials to detect the discontinuity/defects of the components and materials due to failure in the equipment. This is used to safeguard product quality, engineering structures, and performance upon production. On the based of the non-destructive testing equipment market is classified the radiography testing, visual inspection testing, liquid penetrant testing, eddy-current testing, electromagnetic testing, magnetic particle testing, ultrasonic testing, and others. The report is provided by the stakeholders and an in-depth analysis of the non-destructive equipment testing market. There are a lot in market trends companies the current market trend with the future market trends and they do depth analysis of the global non-destructive equipment testing market companies going to exploit the market potency. The study provides an in-depth analysis of the highlight and growth opportunities of the prevailing industry.

The global non-destructive testing equipment market is anticipated to witness sound growth potential in the upcoming six years on the back of the growth of several sectors such as the oil & gas and the construction industry. On the basis of end-users, Aerospace & Defense is expected to dominate the overall market revenues owing to rising the need for maintenance coupled with inspection for defects and repair work required for the increased efficiency of aircraft equipment such as landing gears and aircraft engines to ensure the uninterpretable fleets and is expected to generate lucrative opportunity for non-destructive devices and would garner the potential growth of global non-destructive testing equipment market in the coming years.

Key Highlights of the Report:

• Global Non-Destructive Testing Equipment Market Overview
• Global Non-Destructive Testing Equipment Market Outlook
• Global Non-Destructive Testing Equipment Market Forecast
• Historical Data of Global Non-Destructive Testing Equipment Market Revenues & Volume for the Period 2015-2018
• Global Non-Destructive Testing Equipment Market Size and Global Non-Destructive Testing Equipment Market Forecast of Revenues & Volume, Until 2025
• Historical Data of Global Non-Destructive Testing Equipment Market Revenues and Volume, By Technology, for the Period 2015-2018
• Market Size & Forecast of Global Non-Destructive Testing Equipment Market Revenues and Volume, By Technology, Until 2025
• Historical Data of Global Non-Destructive Testing Equipment Market Revenues and Volume, By End Users, for the Period 2015-2018
• Market Size & Forecast of Global Non-Destructive Testing Equipment Market Revenues and Volume, By End Users, Until 2025
• Historical Data of North America Non-Destructive Testing Equipment Market Revenues and Volume, for the Period 2015-2018
• Market Size & Forecast of North America Non-Destructive Testing Equipment Market Revenues and Volume, Until 2025
• Historical Data of Latin America Non-Destructive Testing Equipment Market Revenues and Volume, for the Period 2015-2018
• Market Size & Forecast of Latin America Non-Destructive Testing Equipment Market Revenues and Volume, Until 2025
• Historical Data of Europe Non-Destructive Testing Equipment Market Revenues and Volume, for the Period 2015-2018
• Market Size & Forecast of Europe Non-Destructive Testing Equipment Market Revenues and Volume, Until 2025
• Historical Data of Asia Pacific Non-Destructive Testing Equipment Market Revenues and Volume, for the Period 2015-2018
• Market Size & Forecast of Asia Pacific Non-Destructive Testing Equipment Market Revenues and Volume, Until 2025
• Historical Data of MEA Non-Destructive Testing Equipment Market Revenues and Volume, for the Period 2015-2018
• Market Size & Forecast of MEA Non-Destructive Testing Equipment Market Revenues and Volume, Until 2025
• Market Drivers and Restraints
• Global Non-Destructive Testing Equipment Market Price Trends
• Global Non-Destructive Testing Equipment Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Global Non-Destructive Testing Equipment Market Share, By Regions
• Global Non-Destructive Testing Equipment Market Share, By Players
• Global Non-Destructive Testing Equipment Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Markets Covered

The Global Non-Destructive Testing Equipment Market report provides a detailed analysis of the following market segments:

By Technology:

• Ultrasonic Testing (UT)
• Radiography Testing (RT)
• Electromagnetic Testing (ET)
• Visual Inspection Testing (VT)
• Liquid Penetrant Test
• Other

By End Uses:

• Power Generation
• Oil and Gas
• Aerospace and Defense
• Automotive
• Railways
• Construction
• Manufacturing
• Others

By Regions:

• North America
• Latin America
• Europe
• Asia Pacific
• The Middle East and Africa