The global non-destructive testing equipment market is expected to reach US$ 14.5 billion by 2028; growing at a CAGR of 7.2% from 2021 to 2028.
Non-Destructive testing (NDT) method is used for safety assessment and quality control purposes. NDT is a method which is involved in testing methods to examine flaw detections of an object, material or system without diminishing its future functionality. Technological advancement in sensors, IOT, and wireless sensors are adding the demand for NDT due to its astonishing accuracy in testing results. Testing is well equipped with optical positioning system and A.I supported software.
Market Dynamics
Non-Destructive Testing (NDT) is tremendously valuable method for timely valuation and detection of faults in products. Increasing complication of machinery, rise in demand of precise product, government regulations to ensure workforce safety and rising quality control are the crucial factors which augments the growth of non- destructive testing market and services. Evidences from the past infrastructure failures like leakage in nuclear refineries, pipeline explosions and blasts have fired the demand of NDT and equipment inspection and its services. Utilization and adaptability of developing digital imaging technology adds to cost-effectiveness of the advanced NDT equipment methods. The capability of continuous data collection, storage, online inspection, advanced simulation of data in real-time, and interpretation of the information are also possible with new NDT equipment techniques. These techniques are creating greater opportunities in the market. For example, in case of oil and gas, it helps in analyzing the internal and external corrosion of the pipeline similarly in nuclear power plant, this technique is used for inspecting fuel rods, small valves, waste containers, and waste management. In aerospace industry, it plays the primary role in designing, manufacturing, and maintenance of an aircraft. It is the accurate methodology to test aircraft component and materials without any destruction. Lack of skilled and qualified persons hampers the inspection, resulting in limited market growth of non-destructive testing market. Developing economies like India, China, Malaysia, and Brazil are undergo rapid infrastructural developments in sectors like bridges construction, dams, railways, power plants, and refineries. Ultrasonic technique (UT) is probable to be major contributor in the NDT and inspection market.
Non- Destructive Testing (NDT) Market is categorized into by technique, method, services, vertical and geography. On the basis of technique, it is segmented into ultrasonic testing, visual testing, magnetic particle testing, liquid penetrant testing, eddy current testing, radiographic testing, Acoustic Emission Testing and others. Further, ultrasonic testing is sub categorized into Straight beam testing, Angle beam testing, Immersion ultrasound testing, phased array testing, Time-of-flight diffraction testing and guided wave testing. Visual testing is sub segmented into General Visual Inspection, Aided Visual Inspection. Eddy current is sub segmented into alternating current field measurement (ACFM), Remote field-testing (RFT) and Eddy-current arrays (ECA). Radio testing is sub segmented into X-ray Testing, Gamma Ray Testing, Computed Radiography, Film Radiography and Direct Radiography and others is sub categorized into Terahertz imaging and Near-Infrared Spectroscopy. Method is sub categorized into Visual Inspection, Surface Inspection, Volumetric Inspection and others. Services are sub categorized into Inspection Services, Ultrasonic Inspection which is further sub categorized into Radiographic Inspection, Visual Inspection, Magnetic Particle Inspection, Advanced Eddy-Current Inspection and Liquid Penetrant Inspection, Training Services, Equipment Rental Services and Calibration services. Vertical is sub categorized into Manufacturing, Oil & Gas, Aerospace, Public Infrastructure, Automotive, Power Generation and others which is further is sub segmented into Marine Medical & Health and Plastics and Polymers.
The prominent players involved in the Non- Destructive Testing (NDT) Equipment market are General Electric, Olympus Corporation, MISTRAS Group, Nikon Metrology, Ashtead Technology, YXLON International, Sonatest, Zetec Inc, T.D, Williamson Inc, Bosello High Technology, Eddyfi, Magnaflux, Fischer Technology, Cygnus Instruments Ltd, NDT Global GmbH, Acuren, and LynX Inspection among others.
Market Segmentation and Scope of Global Non-Destructive Testing Market
The prominent players involved in the Non- Destructive Testing (NDT) Equipment market are:
Payment Options