Non-destructive Testing Market
Non-destructive Testing Market Size, Share and Forecast to 2025 Update Available - Forecast 2024-2030
Non-destructive testing is used for the inspection of different materials and components without changing or destroying the material effectiveness. The testing is used in each step of the item construction. This method is useful in flaw detection, leak detection, stress measurement, inspection, and potential damage evaluation among others. The global non-destructive testing market is expected to grow at a significant rate over the forecast period. The major driver contributing to the growth of the market include rapid urbanization and increasing industrialization and development activities among others. In addition, technological advancement in developing countries and advancement in areas such as electronic and automation are also augmenting market growth. However, factors such as high cost of non-destructive testing equipment and lack of trained personnel may hamper the growth of the non-destructive testing market over the forecast period.
The global non-destructive testing market can be segmented on the basis of type, industry, and region. On the basis of the type, it can be further classified into magnetic particle testing, radiographic testing, ultrasonic testing, eddy current testing, visual testing, and others. Among these, the ultrasonic testing segment is expected to hold the largest market share for the forecast period. This is mainly due to the more accurate detection of the defect and the portable feature that make it easier to handle. On the basis of the industry, it can be further classified into aerospace & defense, automotive, construction, oil and gas, and others. The oil and gas segment is expected to capture the major market share. While the manufacturing segment is expected to show high growth in the market. It is mainly due to the application of non-destructive testing to decrease defect while production in the automotive industry. It is also used to check the compatibility of automotive components.
The global non-destructive testing market is further analyzed and segmented on the basis of regions into North America, Europe, Asia-Pacific, and Rest of the World. North America is expected to dominate the market in terms of market share. This is mainly due to the more penetration of non-destructive testing methods across various industry verticals. Moreover, the significant presence of major market players such as General Electric Co. (GE Inspection Technologies, LP), MISTRAS Group, Inc. and Sonatest Ltd. is also augmenting the market growth of the region. However, Asia-Pacific is considered to witness the fastest market growth in the global non-destructive testing market during the forecast period. Rapid urbanization and increasing awareness about the method in countries such as China and India are driving the market in this region.
Furthermore, the market consists of several market players which are operating in the global Non-destructive testing market. General Electric Co. (GE Inspection Technologies, LP), NDT Global GmbH & Co. KG, Olympus Corp., MISTRAS Group, Inc., and YXLON International GmbH are some of the major market players operating in the market. These companies adopt various strategies such as partnership & collaborations, finding a new market or product innovations in their core competency in order to stay competitive in the market. For instance, In December 2017, Mistras Group, Inc. acquired West Penn Non-Destructive Testing, LLC, a provider of non-destructive testing services mainly in the aerospace segment. The deal was signed at $74 million and was done to increase the aerospace business of the company.
Research Methodology:
The market study of the global non-destructive testing market is incorporated by extensive primary and secondary research conducted by a research team. Secondary research has been conducted to refine the available data to break down the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.
Secondary Sources Include:
- Financial reports of companies involved in the market
- Authentic Public Databases
- Whitepapers, research-papers and news blogs
- Company websites and their product catalog.
The report is intended for non-destructive testing device manufacturers, research organizations, investment companies, government organizations for overall market analysis and competitive analysis. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.
Market Segmentation:
- Global Non-destructive testing Market Research and Analysis by Type
- Global Non-destructive testing Market Research and Analysis by Industry
The Report Covers:
- Comprehensive research methodology of the global non-destructive testing market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the global non-destructive testing market.
- Insights about market determinants which are stimulating the global non-destructive testing market.
- Detailed and extensive market segments with regional distribution of forecast revenues.
- Extensive profiles and recent developments of market players.
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
1.2.3. By Stakeholders
2. Market Overview and Insights
2.1. Scope of the Study
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
2.3. Rules & Regulations
3. Competitive Landscape
3.1. Company Share Analysis
3.2. Key Strategy Analysis
3.3. Key Company Analysis
3.3.1. General Electric Co. (GE Inspection Technologies, LP)
3.3.1.1. Overview
3.3.1.2. Financial Analysis
3.3.1.3. SWOT Analysis
3.3.1.4. Recent Developments
3.3.2. NDT Global GmbH & Co. KG
3.3.2.1. Overview
3.3.2.2. Financial Analysis
3.3.2.3. SWOT Analysis
3.3.2.4. Recent Developments
3.3.3. Olympus Corp.
3.3.3.1. Overview
3.3.3.2. Financial Analysis
3.3.3.3. SWOT Analysis
3.3.3.4. Recent Developments
3.3.4. MISTRAS Group, Inc.
3.3.4.1. Overview
3.3.4.2. Financial Analysis
3.3.4.3. SWOT Analysis
3.3.4.4. Recent Developments
3.3.5. YXLON International GmbH
3.3.5.1. Overview
3.3.5.2. Financial Analysis
3.3.5.3. SWOT Analysis
3.3.5.4. Recent Developments
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Non-Destructive Testing Market by Type
5.1.2 Magnetic Particle Testing
5.1.3 Radiographic testing
5.1.4 Ultrasonic Testing
5.1.5 Eddy Current Testing
5.1.6 Visual Testing
5.1.7 Others (Liquid Penetrant Testing)
5.2. Global Non-Destructive Testing Market by Industry
5.2.1. Aerospace & Defense
5.2.2. Automotive
5.2.3. Construction
5.2.4. Oil and Gas
5.2.5. Others (Manufacturing)
6. Regional Analysis
6.1. North America
6.1.1. US
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. Acuren Group, Inc.
7.2. Ashtead Technology Ltd.
7.3. Cygnus Instruments Ltd.
7.4. Eddyfi NDT Inc.
7.5. Fisher Technology Inc.
7.6. FPrimeC Solutions Inc.
7.7. Fujifilm Holdings Corp.
7.8. General Electric Co. (GE Inspection Technologies, LP)
7.9. Illinois Tool Works Inc. (Magnaflux)
7.10. Intertek Group PLC
7.11. Jireh Industries Ltd.
7.12. Labquip NDT Ltd.
7.13. LynX Inspection
7.14. Magnetic Analysis Corp.
7.15. MISTRAS Group, Inc.
7.16. NDT Global GmbH & Co. KG
7.17. Nikon Corp. (Nikon Metrology NV)
7.18. Olympus Corp.
7.19. Oneida Research Services, Inc.
7.20. SGS SA
7.21. Sonatest Ltd.
7.22. T.D. Williamson, Inc.
7.23. YXLON International GmbH
7.24. ZEISS Group (Bosello High Technology SRL)
7.25. Zetec, Inc.
1. GLOBAL NON-DESTRUCTIVE TESTING MARKET RESEARCH AND ANALYSIS BY TYPE, 2019-2025($ MILLION)
2. GLOBAL MAGNETIC PARTICLE NON-DESTRUCTIVE TESTING MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2025($ MILLION)
3. GLOBAL RADIOGRAPHIC NON-DESTRUCTIVE TESTING MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025($ MILLION)
4. GLOBAL ULTRASONIC NON-DESTRUCTIVE TESTING MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025($ MILLION)
5. GLOBAL EDDY CURRENT NON-DESTRUCTIVE TESTING MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025($ MILLION)
6. GLOBAL VISUAL NON-DESTRUCTIVE TESTING MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025($ MILLION)
7. GLOBAL OTHERS NON-DESTRUCTIVE TESTING MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025($ MILLION)
8. GLOBAL NON-DESTRUCTIVE TESTING MARKET RESEARCH AND ANALYSIS BY INDUSTRY, 2018-2025($ MILLION)
9. GLOBAL NON-DESTRUCTIVE IN AEROSPACE & DEFENSE MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025($ MILLION)
10. GLOBAL NON-DESTRUCTIVE IN AUTOMOTIVE MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025($ MILLION)
11. GLOBAL NON-DESTRUCTIVE IN CONSTRUCTION MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025($ MILLION)
12. GLOBAL NON-DESTRUCTIVE IN OIL AND GAS MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025($ MILLION)
13. GLOBAL NON-DESTRUCTIVE IN OTHER INDUSTRIES MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025($ MILLION)
14. GLOBAL NON-DESTRUCTIVE TESTING MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2018-2025($ MILLION)
15. NORTH AMERICAN NON-DESTRUCTIVE TESTING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025($ MILLION)
16. NORTH AMERICAN NON-DESTRUCTIVE TESTING MARKET RESEARCH AND ANALYSIS BY TYPE, 2018-2025($ MILLION)
17. NORTH AMERICAN NON-DESTRUCTIVE TESTING MARKET RESEARCH AND ANALYSIS BY INDUSTRY, 2018-2025($ MILLION)
18. EUROPEAN NON-DESTRUCTIVE TESTING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025($ MILLION)
19. EUROPEAN NON-DESTRUCTIVE TESTING MARKET RESEARCH AND ANALYSIS BY TYPE, 2018-2025($ MILLION)
20. EUROPEAN NON-DESTRUCTIVE TESTING MARKET RESEARCH AND ANALYSIS BY INDUSTRY, 2018-2025($ MILLION)
21. ASIA-PACIFIC NON-DESTRUCTIVE TESTING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025($ MILLION)
22. ASIA-PACIFIC NON-DESTRUCTIVE TESTING MARKET RESEARCH AND ANALYSIS BY TYPE 2018-2025($ MILLION)
23. ASIA-PACIFIC NON-DESTRUCTIVE TESTING MARKET RESEARCH AND ANALYSIS BY INDUSTRY, 2018-2025($ MILLION)
24. REST OF THE WORLD NON-DESTRUCTIVE TESTING MARKET RESEARCH AND ANALYSIS BY TYPE, 2018-2025($ MILLION)
25. REST OF THE WORLD NON-DESTRUCTIVE TESTING MARKET RESEARCH AND ANALYSIS BY INDUSTRY, 2018-2025($ MILLION)
1. GLOBAL NON-DESTRUCTIVE TESTING MARKET SHARE BY TYPE, 2018 VS 2025(%)
2. GLOBAL NON-DESTRUCTIVE TESTING MARKET SHARE BY INDUSTRY, 2018 VS 2025(%)
3. GLOBAL NON-DESTRUCTIVE TESTING MARKET SHARE BY GEOGRAPHY, 2018 VS 2025(%)
4. US NON-DESTRUCTIVE TESTING MARKET SIZE, 2018-2025($ MILLION)
5. CANADA NON-DESTRUCTIVE TESTING MARKET SIZE, 2018-2025($ MILLION)
6. UK NON-DESTRUCTIVE TESTING MARKET SIZE, 2018-2025($ MILLION)
7. FRANCE NON-DESTRUCTIVE TESTING MARKET SIZE, 2018-2025($ MILLION)
8. GERMANY NON-DESTRUCTIVE TESTING MARKET SIZE, 2018-2025($ MILLION)
9. ITALY NON-DESTRUCTIVE TESTING MARKET SIZE, 2018-2025($ MILLION)
10. SPAIN NON-DESTRUCTIVE TESTING MARKET SIZE, 2018-2025($ MILLION)
11. ROE NON-DESTRUCTIVE TESTING MARKET SIZE, 2018-2025($ MILLION)
12. INDIA NON-DESTRUCTIVE TESTING MARKET SIZE, 2018-2025($ MILLION)
13. CHINA NON-DESTRUCTIVE TESTING MARKET SIZE, 2018-2025($ MILLION)
14. JAPAN NON-DESTRUCTIVE TESTING MARKET SIZE, 2018-2025($ MILLION)
15. REST OF ASIA-PACIFIC NON-DESTRUCTIVE TESTING MARKET SIZE, 2018-2025($ MILLION)
16. REST OF THE WORLD NON-DESTRUCTIVE TESTING MARKET SIZE, 2018-2025($ MILLION)
