The global market for Non-Destructive Test (NDT) Services is estimated at US$10.2 Billion in 2023 and is projected to reach US$17.2 Billion by 2030, growing at a CAGR of 7.8% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the NDT market is driven by several factors, including technological advancements, increasing complexity of industrial materials and structures, and stringent safety regulations. The adoption of advanced NDT technologies, such as automated ultrasonic testing and digital radiography, is being fueled by the need for more precise and reliable inspection methods. Industries are increasingly investing in quality assurance to prevent costly failures and ensure compliance with regulatory standards.
The scarcity of skilled NDT professionals is also prompting the adoption of automated solutions that can deliver consistent and accurate results. Additionally, the expansion of infrastructure projects and the aging of existing structures are creating a sustained demand for NDT services to ensure their safety and longevity. As businesses strive to optimize their operations and enhance product reliability, the adoption of NDT technologies is expected to rise, further driving market growth.
The growth in the NDT market is driven by several factors, including technological advancements, increasing complexity of industrial materials and structures, and stringent safety regulations. The adoption of advanced NDT technologies, such as automated ultrasonic testing and digital radiography, is being fueled by the need for more precise and reliable inspection methods. Industries are increasingly investing in quality assurance to prevent costly failures and ensure compliance with regulatory standards.
The scarcity of skilled NDT professionals is also prompting the adoption of automated solutions that can deliver consistent and accurate results. Additionally, the expansion of infrastructure projects and the aging of existing structures are creating a sustained demand for NDT services to ensure their safety and longevity. As businesses strive to optimize their operations and enhance product reliability, the adoption of NDT technologies is expected to rise, further driving market growth.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Visual Inspection Testing (VT) segment, which is expected to reach US$2.6 Billion by 2030 with a CAGR of a 8.2%. The Magnetic Particle Testing (mpt) & Electromagnetic Testing segment is also set to grow at 7.7% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $3.8 Billion in 2023, and China, forecasted to grow at an impressive 11.3% CAGR to reach $2.6 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Non-Destructive Test (NDT) Services Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Non-Destructive Test (NDT) Services Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Non-Destructive Test (NDT) Services Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as ABB Ltd., ALS Ltd., Durr Dental AG, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 166 Featured):
- ABB Ltd.
- ALS Ltd.
- Durr Dental AG
- Applus+ Servicios Tecnologicos, S.L
- Ashtead Technology Ltd.
- Eddyfi Technologies
- Bureau Veritas SA
- Amerapex Corporation
- Applied Technical Services, Inc.
- Dacon Inspection Services Co.,Ltd.
- Dekra SE
- DURR NDT GmbH & Co. KG
- Becht Engineering Company
- Carmelec
- APB Resources
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISCANADAJAPANCHINAFRANCEGERMANYITALYUNITED KINGDOMSPAINRUSSIAREST OF EUROPEAUSTRALIAINDIASOUTH KOREAREST OF ASIA-PACIFICLATIN AMERICAARGENTINABRAZILMEXICOREST OF LATIN AMERICAMIDDLE EASTAFRICAIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
EUROPE
ASIA-PACIFIC
Companies Mentioned
- ABB Ltd.
- ALS Ltd.
- Durr Dental AG
- Applus+ Servicios Tecnologicos, S.L
- Ashtead Technology Ltd.
- Eddyfi Technologies
- Bureau Veritas SA
- Amerapex Corporation
- Applied Technical Services, Inc.
- Dacon Inspection Services Co.,Ltd.
- Dekra SE
- DURR NDT GmbH & Co. KG
- Becht Engineering Company
- Carmelec
- APB Resources
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 731 |
| Published | November 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 10.2 Billion |
| Forecasted Market Value ( USD | $ 17.2 Billion |
| Compound Annual Growth Rate | 7.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 15 |
