Non-Destructive Testing (NDT) And Inspection Market 2023 - By Share, Current Trends, Opportunities, Growth Size And Forecast To 2032

The global non-destructive testing market size is projected to reach USD 13.30 billion by the end of 2027.

According to a report published by Fortune Business Insights, titled “Non-Destructive Testing (NDT) Market Size, Share & COVID-19 Impact Analysis, By Technique (Ultrasonic Testing, Visual Inspection Testing, Magnetic Particle Testing, Liquid Penetrant Testing, Eddy-Current Testing, Radiographic Testing, and Acoustic Emission Testing) By Method (Visual Inspection, Surface Inspection, Volumetric Inspection, and Others), By Service (Ultrasonic Inspection, Equipment Rental Services, Calibration Services, and Training Services), By Vertical (Manufacturing, Oil & Gas, Aerospace, Public Infrastructure, Automotive, Power Generation, and Others)and Regional Forecast, 2020-2027,” the market was worth USD 8.42 billion in 2019 and will exhibit a CAGR of 9.25% during the forecast period, 2020-2027.Non-destructive testing is an advanced method that is primarily used to detect and evaluate several defects in materials that are used in aerospace industry.

The rise of the aerospace industry in the past few years has created several growth opportunities for the companies operating in the global NDT market.

Subsequently, the presence of several large scale companies in the United States will have a huge impact on the growth of the regional market.

As of 2019, the market in North America was worth USD 3.09 billion and this value is projected to increase further in the coming years.

List of the Leading Companies Profiled in the Global Non-destructive Testing Market are:Acuren Inspection Inc. (The U.S.)Ashtead Technology (The U.K.)Bosello High Technology Srl (Italy)Cygnus Instruments Ltd (The U.K.)Eddyfi (Canada)Fischer Technology Inc. (The U.S.)Fprimec Solutions Inc. (Canada)General Electric (The U.S.)Ipromar Pte Ltd (Singapore)Labquip NDT Limited (The U.K.)LynX Inspection (Canada)Magnaflux Corporation (The U.S.)Mistras Group (The U.S.)NDT Global GmbH & Co. Kg (The U.S.)Nikon Metrology (Japan)Olympus Corporation (Japan)Sonatest Ltd. (The U.K.)TD Williamson, Inc. (The U.S.)YXLON International GmbH (Denmark) Industry Developments:June 2019: Testia announced the launch of a latest version of its ultrasonic testing device named as a smart UE1 device.

The global Model Based Testing market is likely to gain momentum in the coming years and exhibit a CAGR of 6% says a recent report published by Fact.MR.

The impact of the COVID-19 pandemic on the global Non-Destructive Testing market is thoroughly discussed in the report.

The imposition of lockdown by the governments of all nations worldwide resulted in huge losses for most businesses.

However, the healthcare sector gained promising revenues on account of the increasing number of patients, rising demand for safety kits, and growing panic and tension amongst the common man.

Several institutions have invested heavily and engaged in deep research and development so as to come up with an antidote to fight the novel coronavirus.

Request to View Sample of Research Report @ https://www.factmr.com/connectus/sample?flag=S_id=4665The report on the Non-Destructive Testing market elaborates the possibility of trading and investment and certain tricks up the sleeve for gaining a positive edge in the market during the forecast period.

COVID-19 Impact Analysis on Non-Destructive Testing Instruments Market report published by Value Market Research provides a detailed market analysis comprising market size, share, value, growth and trends for the period 2020-2027.

Moreover, this market report also covers regional and country markets in detail.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.

The major players in the non-destructive testing instruments market include Gеnеrаl Еlесtrіс, Оlуmрuѕ Соrроrаtіоn, Міѕtrаѕ, Nіkоn, Маgnаfluх, YХLОN, Fuјіfіlm, Ѕоnаtеѕt, Zеtес, Іnс., Воѕеllо Ніgh Тесhnоlоgу ѕrl and Unіоn.

This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Non-Destructive Testing Instruments Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/non-destructive-testing-instruments-market/download-sampleMarket DynamicsThe market is mainly driven by strict rules imposed by various governments regarding public safety and quality of the product.

Further, growing construction activities across the globe and rising demand for electricity due to rapid urbanization and the growing population bolstered the demand over the forecast period.

However, high initial investment costs may hamper the market to some extent.The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis.

Rising demand among the end-use industries for non-destructive testing services drives the growth of the market.

Additionally, innovation and advancement in technology and increasing market for non-destructive testing services is adding fuel to the growth of the non-destructive testing services market.MISTRAS Group, Inc., Olympus Corporation, GE Inspection Technologies, Intertek Group PLC, SGS S.A., Olympus Corporation, and Nikon Metrology are some of the leading players in the market.

MITRAS Group offers advanced NDT services, traditional NDT services, engineering services and NDT centres of excellence for all consumer demands related to non-destructive testing services.The company focusses on offering innovative solutions and keeps up with the fast pace of the technological advancements.

Rise in demand to ensure safety and growing government regulations are some of the major factors driving the growth of non-destructive testing services market.

With the focus on promoting the adoption of non-destructive testing services and the convenience provided to consumers, the global non-destructive testing services market is expected to grow.Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/5580Segmental AnalysisThe global non-destructive testing services market is segmented by type, technique, application and vertical.

The vertical segment is further classified into aerospace & defense, automotive, oil & gas, infrastructure, and power.

Non-Destructive Testing Services Market 2021New Study Reports " Non-Destructive Testing Services Market 2021 Global Market Demand, Opportunities, Challenges, Strategies and Forecasts 2023" has been Added on MarketResearchFuture.Report Summary:According to Market Research Future Analysis, the global non-destructive testing services market is estimated to generate revenue of approximately USD 26 billion by 2023 growing at a CAGR of 8% during the forecast period 2017-2023.This report provides in depth study of Non-Destructive Testing Services Market using SWOT analysis i.e.

In addition to it, various growth factors, restraints, and opportunities are also analyzed for the market to study the in-depth understanding of the market.This report also analyzes the impact of Coronavirus COVID-19 on the Non-Destructive Testing Services industry.Key PlayersThe report has profiled some of the Important players prevalent in the global like – MISTRAS Group, Inc. (U.S.), Olympus Corporation (Japan), GE Inspection Technologies (U.S.), Intertek Group PLC (U.K.), SGS S.A. (Switzerland), Olympus Corporation (Japan), Nikon Metrology, Inc. (U.S.), Ashtead Technology, Inc. (U.S.), Sonatest Ltd. (U.K), Bosello High Technology S.R.L.

The company focusses on offering innovative solutions and keeps up with the fast pace of the technological advancements.

With the focus on promoting the adoption of non-destructive testing services and the convenience provided to consumers, the global non-destructive testing services market is expected to grow.Request for Free Sample Report of “Non-Destructive Testing Services” Market @ https://www.marketresearchfuture.com/sample_request/5580The global non-destructive testing services market is segmented by type, technique, application and vertical.

This is owing to the increasing demand for non-destructive testing services market in the aerospace and defense sector.

These non-destructive testing services help in ensuring safety during the production of complex aircraft accessories.

In this article, we have discussed What are the Techniques & Applications of Non-Destructive Testing.

It is a collection of techniques that incudes testing of equipment and machinery many more things for safety.

To continue to read more click here. 

On the basis of technology, it is divided into ultrasonic testing, magnetic particle testing, radiography testing, electromagnetic testing, visual testing and others.

By end-use industry, the non-destructive testing equipment market is classified into oil & gas, power generation, automotive, aerospace and defense, manufacturing and others.Get Sample Copy of The Activated Alumina Market Report 2020@ https://brandessenceresearch.com/requestSample/PostId/387*The sample pages of this report is immediately accessible on-demand.

**Non-Destructive Testing Equipment Market is Valued at USD 2.48 Billion in 2018 and Expected to Reach USD 4.07 Billion by 2025 with a CAGR of 7.3% Over the Forecast Period.Market Analysis of Non-Destructive Testing Equipment-Non-destructive testing (NDT) is analysis technique used by engineers to detect defects in materials and structures, either during manufacturing or while in service without harming the object.

Non-destructive testing equipment are made up for quality control of materials and structures, while they are used to detect the defects caused by stress, wear, fatigue, corrosion and other factors, which are used in manufacturing, fabrication and service industries.The regions covered in this Non-Destructive Testing Equipment Market report are North America, Europe, Asia-Pacific and Rest of the World.

On the basis of country level, market of non-destructive testing equipment market is sub divided into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.Key Players–Global Non-Destructive Testing Equipment Market report covers prominent players likeMistras Group,SGS Group,Olympus Corporation,Bureau Veritas S.A., GE Inspection Technologies,YXLON International, Nikon Metrology,Eddyfi, Sonatest Ltd.,Magnaflux Corporation,Zetec Inc.

Stringent Government Regulations Regarding the Safety and Industries Standard are the key Growth Factors Driving the Global Non-Destructive Testing Equipment Market.Industries are focusing on improvement of quality of product and non defective products and for that non destructive testing are required and foster the market growth.