Non-Destructive Testing (NDT) Market by Solution (Instruments, Software, Testing Services), Method (Volumetric, Surface Examination), End-User (Oil & Gas, Automotive & Heavy Engineering, Aerospace & Defense, Power Generation)- Global Forecast to 2028
The global non-destructive testing (NDT) market is expected to grow at a CAGR of 7.4% from 2021 to 2028 to reach $15.07 billion by 2028.
Succeeding an extensive secondary and primary research and in-depth analysis of the market scenario, the report carries out an impact analysis of the key industry drivers, restraints, and opportunities. Factors such as stringent government regulations regarding the safety of assets, rising need to assess the structural integrity of aging infrastructure, and application of advanced materials in manufacturing processes are driving the growth of this market. However, the lack of proper training for NDT personnel and high cost of NDT equipment, maintenance, and inventory are expected to hinder the growth of this market to a certain extent.
The global non-destructive testing market is segmented based on solution (instruments, software, testing services, and ancillary services), method (volumetric examination, surface examination, visual examination, and others), and end user (oil & gas, automotive & heavy engineering, aerospace & defense, power generation, manufacturing, public infrastructure, medical & healthcare, and others). The study also evaluates industry competitors and analyses the market at the country and regional level.
Based on solution, the NDT market is segmented into instruments, software, testing services, and ancillary services. In 2021, the testing services segment is expected to command the largest share of the non-destructive testing market. The large share of this segment can be attributed to factors such as increasing demand for safety standards in process industries, assessing the health of aging public infrastructure, and increasing efficiency of assets in industries.
Based on method, the NDT market has been categorized into volumetric examination, surface examination, visual examination, and others. In 2021, the volumetric examination segment is projected to command the largest share of the market. The widespread use of volumetric examination in the oil & gas industry for the inspection of pipelines is one of the major drivers for the growth of this segment.
Based on end user, the NDT market has been divided oil & gas, automotive & heavy engineering, aerospace & defense, power generation, manufacturing, public infrastructure, medical & healthcare, and others. In 2021, the oil & gas sector is poised to account for the largest share of the market. This large share can be attributed to the increasing demand for energy; growing importance of safety, integrity, reliability of plant & machineries; and various environmental protection laws and other regulations.
On the basis of geography, the NDT market was segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa). In 2021, North America is expected to account for the largest share of the global non-destructive testing market, followed by Asia-Pacific.
The key players operating in the global non-destructive testing market are Mistras Group Inc. (U.S.), Olympus Corporation (Japan), Nikon Metrology Inc. (U.S.), Magnaflux Corporation (U.S.), Zetec Inc. (U.S.), Eddfyi Technologies (Canada), YXLON International GmbH (Germany), Sonatest Ltd. (U.K.), Carestream Health (U.S.), Intertek Group Plc (U.K.), and SGS SA (U.S.).
Non-destructive Testing Market Scope
The global non-destructive testing (NDT) market is expected to grow at a CAGR of 7.4% from 2021 to 2028 to reach $15.07 billion by 2028.
Succeeding an extensive secondary and primary research and in-depth analysis of the market scenario, the report carries out an impact analysis of the key industry drivers, restraints, and opportunities. Factors such as stringent government regulations regarding the safety of assets, rising need to assess the structural integrity of aging infrastructure, and application of advanced materials in manufacturing processes are driving the growth of this market. However, the lack of proper training for NDT personnel and high cost of NDT equipment, maintenance, and inventory are expected to hinder the growth of this market to a certain extent.
The global non-destructive testing market is segmented based on solution (instruments, software, testing services, and ancillary services), method (volumetric examination, surface examination, visual examination, and others), and end user (oil & gas, automotive & heavy engineering, aerospace & defense, power generation, manufacturing, public infrastructure, medical & healthcare, and others). The study also evaluates industry competitors and analyses the market at the country and regional level.
Based on solution, the NDT market is segmented into instruments, software, testing services, and ancillary services. In 2021, the testing services segment is expected to command the largest share of the non-destructive testing market. The large share of this segment can be attributed to factors such as increasing demand for safety standards in process industries, assessing the health of aging public infrastructure, and increasing efficiency of assets in industries.
Based on method, the NDT market has been categorized into volumetric examination, surface examination, visual examination, and others. In 2021, the volumetric examination segment is projected to command the largest share of the market. The widespread use of volumetric examination in the oil & gas industry for the inspection of pipelines is one of the major drivers for the growth of this segment.
Based on end user, the NDT market has been divided oil & gas, automotive & heavy engineering, aerospace & defense, power generation, manufacturing, public infrastructure, medical & healthcare, and others. In 2021, the oil & gas sector is poised to account for the largest share of the market. This large share can be attributed to the increasing demand for energy; growing importance of safety, integrity, reliability of plant & machineries; and various environmental protection laws and other regulations.
On the basis of geography, the NDT market was segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa). In 2021, North America is expected to account for the largest share of the global non-destructive testing market, followed by Asia-Pacific.
The key players operating in the global non-destructive testing market are Mistras Group Inc. (U.S.), Olympus Corporation (Japan), Nikon Metrology Inc. (U.S.), Magnaflux Corporation (U.S.), Zetec Inc. (U.S.), Eddfyi Technologies (Canada), YXLON International GmbH (Germany), Sonatest Ltd. (U.K.), Carestream Health (U.S.), Intertek Group Plc (U.K.), and SGS SA (U.S.).
Non-destructive Testing Market Scope
By Solution
- Instrumentation
- Detectors
- Transducers & Probes
- Gauges
- Scanners
- Microscopes
- Others (UV Lamps, Indicators, & Meters)
- Software
- Testing Services
- Acoustic Emission Testing
- Eddy Current Testing
- Alternating Current Field Measurement (ACFM)
- Remote-Field Testing (RFT)
- Eddy-Current Array (ECA)
- Magnetic Particle Testing
- Liquid Penetrant Testing
- Radiography Testing
- X-ray Testing
- Gamma-Ray Testing
- Computed Radiography
- Film Radiography
- Direct Radiography (Real-time)
- Ultrasonic Testing
- Straight Beam Testing
- Angle Beam Testing
- Immersion Testing
- Guided Wave Testing
- Phased Array Testing
- Time-of-flight Diffraction (TOFD)
- Visual Testing
- Unaided Visual Inspection
- Aided Visual Inspection
- Others
- Ancillary Services
- Equipment Rental Services
- Training Services
- Calibration Services
By End User
- Oil & Gas
- Automotive & Heavy Engineering
- Aerospace and Defense
- Power Generation
- Manufacturing
- Public Infrastructure
- Medical & Healthcare
- Others
By Method
- Volumetric Examination
- Surface Examination
- Visual Examination
- Others
By Geography
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific (APAC)
- China
- Japan
- India
- Rest of Asia-Pacific (RoAPAC)
- Latin America
- Middle East and Africa
Table of Contents
1. Introduction
2. Research Methodology
4. The Impact of COVID-19
5. Market Insights
6. Global Non-Destructive Testing Market, by Offering
7. Global Non-Destructive Testing Market, by Method
8. Global Non-Destructive Testing Market, by End User
9. Global Non-Destructive Testing Market, by Geography
10. Competitive Landscape
11. Company Profiles (Business Overview, Financial Overview, Product Portfolio, and Strategic Developments)
12. Appendix
Companies Mentioned
- Mistras Group Inc.
- Olympus Corporation
- Nikon Metrology Inc.
- Magnaflux Corporation
- Zetec Inc.
- Eddfyi Technologies
- YXLON International GmbH
- Sonatest Ltd.
- Carestream Health
- Intertek Group Plc
- SGS SA
