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Nondestructive Testing Equipment Market By Testing Method, By Technique, By Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2020-2030

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    Report

  • 255 Pages
  • March 2022
  • Region: Global
  • Allied Market Research
  • ID: 5640417
Description Jump to:
The non-destructive testing(NDT) equipment market was valued at $3.55 billion in 2020, and is projected to reach $8.12 billion by 2030, growing at a CAGR of 8.7% from 2021 to 2030.

NDT refers to the method of examining materials/components to detect the defects/discontinuity to prevent equipment failure. The report covers analysis of the NDT equipment market. NDT acts as a preventive measure in industries where volatile or high-pressure equipment and machinery are manufactured or used. The main aim of NDT is to identify and resolve issues that otherwise would prove harmful. In addition, NDT equipment is reliable as it eliminates risk of oversight or inaccuracy.

The scope of report discusses potential opportunities for key players to enter the Latin America NDT equipment market. Furthermore, it provides an in-depth analysis of the market, outlining current trends, key driving factors, and key area of investment. The report includes Porter’s five forces analysis to understand competitive scenario of industry and role of each stakeholder in the value chain. Moreover, it features strategies adopted by key market players to strengthen their foothold in the market.

The NDT equipment market is segmented on the basis of testing method, technique, industry vertical, and region. Depending on testing method, it is classified into ultrasonic testing, radiography testing, visual inspection testing, magnetic particle testing & electromagnetic testing, eddy current testing, liquid penetrant testing, and others. According to technique, it is categorized into volumetric examination, surface examination, and others. As per the industry vertical, it is fragmented into oil & gas, energy & power, aerospace & defense, automotive & transportation, infrastructure, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA along with its prominent countries.

The key players profiled in NDT equipment industry include Ashtead Technology, Carestream Health, General Electric, Intertek Group, Mistras Group, Nikon Metrology, Olympus Corporation, Sonatest, SGS SA, and Zetec.

These key players have adopted strategies, such as product portfolio expansion, mergers & acquisitions, agreements, regional expansion, and collaborations to enhance their market penetration.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the nondestructive testing equipment market analysis from 2020 to 2030 to identify the prevailing nondestructive testing equipment market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the nondestructive testing equipment market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global nondestructive testing equipment market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments


By Testing Method

  • Ultrasonic Testing
  • Radiography Testing
  • Visual Inspection Testing
  • Magnetic Particle Testing And Electromagnetic Testing
  • Eddy Current Testing
  • Liquid Penetrant Testing
  • Others

By Technique

  • Volumetric Examination
  • Surface Examination
  • Others

By Industry Vertical

  • Oil And Gas
  • Energy And Power
  • Aerospace And Defense
  • Automotive And Transportation
  • Infrastructure
  • Others

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Ukraine
  • Germany
  • France
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest Of Asia Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa

Key Market Players

  • Mistras Group, Inc.
  • nikon metrology
  • Olympus
  • sonatest ltd
  • sgs
  • zetec
  • ashtead technology
  • carestream health
  • General Electric
  • Intertek Group plc

 

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Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
CHAPTER 4: NONDESTRUCTIVE TESTING EQUIPMENT MARKET, BY TESTING METHOD
4.1 Overview
4.1.1 Market size and forecast
4.2 Ultrasonic Testing
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Radiography Testing
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 Visual Inspection Testing
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country
4.5 Magnetic Particle Testing And Electromagnetic Testing
4.5.1 Key market trends, growth factors and opportunities
4.5.2 Market size and forecast, by region
4.5.3 Market analysis by country
4.6 Eddy Current Testing
4.6.1 Key market trends, growth factors and opportunities
4.6.2 Market size and forecast, by region
4.6.3 Market analysis by country
4.7 Liquid Penetrant Testing
4.7.1 Key market trends, growth factors and opportunities
4.7.2 Market size and forecast, by region
4.7.3 Market analysis by country
4.8 Others
4.8.1 Key market trends, growth factors and opportunities
4.8.2 Market size and forecast, by region
4.8.3 Market analysis by country
CHAPTER 5: NONDESTRUCTIVE TESTING EQUIPMENT MARKET, BY TECHNIQUE
5.1 Overview
5.1.1 Market size and forecast
5.2 Volumetric Examination
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Surface Examination
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 Others
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
CHAPTER 6: NONDESTRUCTIVE TESTING EQUIPMENT MARKET, BY INDUSTRY VERTICAL
6.1 Overview
6.1.1 Market size and forecast
6.2 Oil And Gas
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.3 Energy And Power
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country
6.4 Aerospace And Defense
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market analysis by country
6.5 Automotive And Transportation
6.5.1 Key market trends, growth factors and opportunities
6.5.2 Market size and forecast, by region
6.5.3 Market analysis by country
6.6 Infrastructure
6.6.1 Key market trends, growth factors and opportunities
6.6.2 Market size and forecast, by region
6.6.3 Market analysis by country
6.7 Others
6.7.1 Key market trends, growth factors and opportunities
6.7.2 Market size and forecast, by region
6.7.3 Market analysis by country
CHAPTER 7: NONDESTRUCTIVE TESTING EQUIPMENT MARKET, BY REGION
7.1 Overview
7.1.1 Market size and forecast
7.2 North America
7.2.1 Key trends and opportunities
7.2.2 North America Market size and forecast, by Testing Method
7.2.3 North America Market size and forecast, by Technique
7.2.4 North America Market size and forecast, by Industry Vertical
7.2.5 North America Market size and forecast, by country
7.2.5.1 U.S.
7.2.5.1.1 Market size and forecast, by Testing Method
7.2.5.1.2 Market size and forecast, by Technique
7.2.5.1.3 Market size and forecast, by Industry Vertical
7.2.5.2 Canada
7.2.5.2.1 Market size and forecast, by Testing Method
7.2.5.2.2 Market size and forecast, by Technique
7.2.5.2.3 Market size and forecast, by Industry Vertical
7.2.5.3 Mexico
7.2.5.3.1 Market size and forecast, by Testing Method
7.2.5.3.2 Market size and forecast, by Technique
7.2.5.3.3 Market size and forecast, by Industry Vertical
7.3 Europe
7.3.1 Key trends and opportunities
7.3.2 Europe Market size and forecast, by Testing Method
7.3.3 Europe Market size and forecast, by Technique
7.3.4 Europe Market size and forecast, by Industry Vertical
7.3.5 Europe Market size and forecast, by country
7.3.5.1 Ukraine
7.3.5.1.1 Market size and forecast, by Testing Method
7.3.5.1.2 Market size and forecast, by Technique
7.3.5.1.3 Market size and forecast, by Industry Vertical
7.3.5.2 Germany
7.3.5.2.1 Market size and forecast, by Testing Method
7.3.5.2.2 Market size and forecast, by Technique
7.3.5.2.3 Market size and forecast, by Industry Vertical
7.3.5.3 France
7.3.5.3.1 Market size and forecast, by Testing Method
7.3.5.3.2 Market size and forecast, by Technique
7.3.5.3.3 Market size and forecast, by Industry Vertical
7.3.5.4 Rest of Europe
7.3.5.4.1 Market size and forecast, by Testing Method
7.3.5.4.2 Market size and forecast, by Technique
7.3.5.4.3 Market size and forecast, by Industry Vertical
7.4 Asia-Pacific
7.4.1 Key trends and opportunities
7.4.2 Asia-Pacific Market size and forecast, by Testing Method
7.4.3 Asia-Pacific Market size and forecast, by Technique
7.4.4 Asia-Pacific Market size and forecast, by Industry Vertical
7.4.5 Asia-Pacific Market size and forecast, by country
7.4.5.1 China
7.4.5.1.1 Market size and forecast, by Testing Method
7.4.5.1.2 Market size and forecast, by Technique
7.4.5.1.3 Market size and forecast, by Industry Vertical
7.4.5.2 Japan
7.4.5.2.1 Market size and forecast, by Testing Method
7.4.5.2.2 Market size and forecast, by Technique
7.4.5.2.3 Market size and forecast, by Industry Vertical
7.4.5.3 India
7.4.5.3.1 Market size and forecast, by Testing Method
7.4.5.3.2 Market size and forecast, by Technique
7.4.5.3.3 Market size and forecast, by Industry Vertical
7.4.5.4 South Korea
7.4.5.4.1 Market size and forecast, by Testing Method
7.4.5.4.2 Market size and forecast, by Technique
7.4.5.4.3 Market size and forecast, by Industry Vertical
7.4.5.5 Rest Of Asia Pacific
7.4.5.5.1 Market size and forecast, by Testing Method
7.4.5.5.2 Market size and forecast, by Technique
7.4.5.5.3 Market size and forecast, by Industry Vertical
7.5 LAMEA
7.5.1 Key trends and opportunities
7.5.2 LAMEA Market size and forecast, by Testing Method
7.5.3 LAMEA Market size and forecast, by Technique
7.5.4 LAMEA Market size and forecast, by Industry Vertical
7.5.5 LAMEA Market size and forecast, by country
7.5.5.1 Latin America
7.5.5.1.1 Market size and forecast, by Testing Method
7.5.5.1.2 Market size and forecast, by Technique
7.5.5.1.3 Market size and forecast, by Industry Vertical
7.5.5.2 Middle East
7.5.5.2.1 Market size and forecast, by Testing Method
7.5.5.2.2 Market size and forecast, by Technique
7.5.5.2.3 Market size and forecast, by Industry Vertical
7.5.5.3 Africa
7.5.5.3.1 Market size and forecast, by Testing Method
7.5.5.3.2 Market size and forecast, by Technique
7.5.5.3.3 Market size and forecast, by Industry Vertical
CHAPTER 8: COMPANY LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Key developments
CHAPTER 9: COMPANY PROFILES
9.1 Mistras Group, Inc.
9.1.1 Company overview
9.1.2 Company snapshot
9.1.3 Operating business segments
9.1.4 Product portfolio
9.1.5 Business performance
9.1.6 Key strategic moves and developments
9.2 nikon metrology
9.2.1 Company overview
9.2.2 Company snapshot
9.2.3 Operating business segments
9.2.4 Product portfolio
9.2.5 Business performance
9.2.6 Key strategic moves and developments
9.3 Olympus
9.3.1 Company overview
9.3.2 Company snapshot
9.3.3 Operating business segments
9.3.4 Product portfolio
9.3.5 Business performance
9.3.6 Key strategic moves and developments
9.4 sonatest ltd
9.4.1 Company overview
9.4.2 Company snapshot
9.4.3 Operating business segments
9.4.4 Product portfolio
9.4.5 Business performance
9.4.6 Key strategic moves and developments
9.5 sgs
9.5.1 Company overview
9.5.2 Company snapshot
9.5.3 Operating business segments
9.5.4 Product portfolio
9.5.5 Business performance
9.5.6 Key strategic moves and developments
9.6 zetec
9.6.1 Company overview
9.6.2 Company snapshot
9.6.3 Operating business segments
9.6.4 Product portfolio
9.6.5 Business performance
9.6.6 Key strategic moves and developments
9.7 ashtead technology
9.7.1 Company overview
9.7.2 Company snapshot
9.7.3 Operating business segments
9.7.4 Product portfolio
9.7.5 Business performance
9.7.6 Key strategic moves and developments
9.8 carestream health
9.8.1 Company overview
9.8.2 Company snapshot
9.8.3 Operating business segments
9.8.4 Product portfolio
9.8.5 Business performance
9.8.6 Key strategic moves and developments
9.9 General Electric
9.9.1 Company overview
9.9.2 Company snapshot
9.9.3 Operating business segments
9.9.4 Product portfolio
9.9.5 Business performance
9.9.6 Key strategic moves and developments
9.10 Intertek Group plc
9.10.1 Company overview
9.10.2 Company snapshot
9.10.3 Operating business segments
9.10.4 Product portfolio
9.10.5 Business performance
9.10.6 Key strategic moves and developments
LIST OF TABLES
Table 1. Global Nondestructive Testing Equipment Market, by Testing Method, 2020-2030, ($Million)
Table 2. Nondestructive Testing Equipment Market Revenue, for Ultrasonic Testing, by Region, 2020-2030, ($Million)
Table 3. Nondestructive Testing Equipment Market Ultrasonic Testing by Country, 2020-2030, ($Million)
Table 4. Nondestructive Testing Equipment Market Revenue, for Radiography Testing, by Region, 2020-2030, ($Million)
Table 5. Nondestructive Testing Equipment Market Radiography Testing by Country, 2020-2030, ($Million)
Table 6. Nondestructive Testing Equipment Market Revenue, for Visual Inspection Testing, by Region, 2020-2030, ($Million)
Table 7. Nondestructive Testing Equipment Market Visual Inspection Testing by Country, 2020-2030, ($Million)
Table 8. Nondestructive Testing Equipment Market Revenue, for Magnetic Particle Testing and Electromagnetic Testing, by Region, 2020-2030, ($Million)
Table 9. Nondestructive Testing Equipment Market Magnetic Particle Testing and Electromagnetic Testing by Country, 2020-2030, ($Million)
Table 10. Nondestructive Testing Equipment Market Revenue, for Eddy Current Testing, by Region, 2020-2030, ($Million)
Table 11. Nondestructive Testing Equipment Market Eddy Current Testing by Country, 2020-2030, ($Million)
Table 12. Nondestructive Testing Equipment Market Revenue, for Liquid Penetrant Testing, by Region, 2020-2030, ($Million)
Table 13. Nondestructive Testing Equipment Market Liquid Penetrant Testing by Country, 2020-2030, ($Million)
Table 14. Nondestructive Testing Equipment Market Revenue, for Others, by Region, 2020-2030, ($Million)
Table 15. Nondestructive Testing Equipment Market Others by Country, 2020-2030, ($Million)
Table 16. Global Nondestructive Testing Equipment Market, by Technique, 2020-2030, ($Million)
Table 17. Nondestructive Testing Equipment Market Revenue, for Volumetric Examination, by Region, 2020-2030, ($Million)
Table 18. Nondestructive Testing Equipment Market Volumetric Examination by Country, 2020-2030, ($Million)
Table 19. Nondestructive Testing Equipment Market Revenue, for Surface Examination, by Region, 2020-2030, ($Million)
Table 20. Nondestructive Testing Equipment Market Surface Examination by Country, 2020-2030, ($Million)
Table 21. Nondestructive Testing Equipment Market Revenue, for Others, by Region, 2020-2030, ($Million)
Table 22. Nondestructive Testing Equipment Market Others by Country, 2020-2030, ($Million)
Table 23. Global Nondestructive Testing Equipment Market, by Industry Vertical, 2020-2030, ($Million)
Table 24. Nondestructive Testing Equipment Market Revenue, for Oil and Gas, by Region, 2020-2030, ($Million)
Table 25. Nondestructive Testing Equipment Market Oil and Gas by Country, 2020-2030, ($Million)
Table 26. Nondestructive Testing Equipment Market Revenue, for Energy and Power, by Region, 2020-2030, ($Million)
Table 27. Nondestructive Testing Equipment Market Energy and Power by Country, 2020-2030, ($Million)
Table 28. Nondestructive Testing Equipment Market Revenue, for Aerospace and Defense, by Region, 2020-2030, ($Million)
Table 29. Nondestructive Testing Equipment Market Aerospace and Defense by Country, 2020-2030, ($Million)
Table 30. Nondestructive Testing Equipment Market Revenue, for Automotive and Transportation, by Region, 2020-2030, ($Million)
Table 31. Nondestructive Testing Equipment Market Automotive and Transportation by Country, 2020-2030, ($Million)
Table 32. Nondestructive Testing Equipment Market Revenue, for Infrastructure, by Region, 2020-2030, ($Million)
Table 33. Nondestructive Testing Equipment Market Infrastructure by Country, 2020-2030, ($Million)
Table 34. Nondestructive Testing Equipment Market Revenue, for Others, by Region, 2020-2030, ($Million)
Table 35. Nondestructive Testing Equipment Market Others by Country, 2020-2030, ($Million)
Table 36. Nondestructive Testing Equipment Market, by Region, 2020-2030, ($Million)
Table 37. North America Nondestructive Testing Equipment Market, by Testing Method, 2020-2030, ($Million)
Table 38. North America Nondestructive Testing Equipment Market, by Technique, 2020-2030, ($Million)
Table 39. North America Nondestructive Testing Equipment Market, by Industry Vertical, 2020-2030, ($Million)
Table 40. North America Nondestructive Testing Equipment Market, by Country, 2020-2030, ($Million)
Table 41. U.S. Nondestructive Testing Equipment Market by Testing Method 2020-2030, ($Million)
Table 42. U.S. Nondestructive Testing Equipment Market by Technique 2020-2030, ($Million)
Table 43. U.S. Nondestructive Testing Equipment Market by Industry Vertical 2020-2030, ($Million)
Table 44. Canada Nondestructive Testing Equipment Market by Testing Method 2020-2030, ($Million)
Table 45. Canada Nondestructive Testing Equipment Market by Technique 2020-2030, ($Million)
Table 46. Canada Nondestructive Testing Equipment Market by Industry Vertical 2020-2030, ($Million)
Table 47. Mexico Nondestructive Testing Equipment Market by Testing Method 2020-2030, ($Million)
Table 48. Mexico Nondestructive Testing Equipment Market by Technique 2020-2030, ($Million)
Table 49. Mexico Nondestructive Testing Equipment Market by Industry Vertical 2020-2030, ($Million)
Table 50. Europe Nondestructive Testing Equipment Market, by Testing Method, 2020-2030, ($Million)
Table 51. Europe Nondestructive Testing Equipment Market, by Technique, 2020-2030, ($Million)
Table 52. Europe Nondestructive Testing Equipment Market, by Industry Vertical, 2020-2030, ($Million)
Table 53. Europe Nondestructive Testing Equipment Market, by Country, 2020-2030, ($Million)
Table 54. Ukraine Nondestructive Testing Equipment Market by Testing Method 2020-2030, ($Million)
Table 55. Ukraine Nondestructive Testing Equipment Market by Technique 2020-2030, ($Million)
Table 56. Ukraine Nondestructive Testing Equipment Market by Industry Vertical 2020-2030, ($Million)
Table 57. Germany Nondestructive Testing Equipment Market by Testing Method 2020-2030, ($Million)
Table 58. Germany Nondestructive Testing Equipment Market by Technique 2020-2030, ($Million)
Table 59. Germany Nondestructive Testing Equipment Market by Industry Vertical 2020-2030, ($Million)
Table 60. France Nondestructive Testing Equipment Market by Testing Method 2020-2030, ($Million)
Table 61. France Nondestructive Testing Equipment Market by Technique 2020-2030, ($Million)
Table 62. France Nondestructive Testing Equipment Market by Industry Vertical 2020-2030, ($Million)
Table 63. Rest of Europe Nondestructive Testing Equipment Market by Testing Method 2020-2030, ($Million)
Table 64. Rest of Europe Nondestructive Testing Equipment Market by Technique 2020-2030, ($Million)
Table 65. Rest of Europe Nondestructive Testing Equipment Market by Industry Vertical 2020-2030, ($Million)
Table 66. Asia-Pacific Nondestructive Testing Equipment Market, by Testing Method, 2020-2030, ($Million)
Table 67. Asia-Pacific Nondestructive Testing Equipment Market, by Technique, 2020-2030, ($Million)
Table 68. Asia-Pacific Nondestructive Testing Equipment Market, by Industry Vertical, 2020-2030, ($Million)
Table 69. Asia-Pacific Nondestructive Testing Equipment Market, by Country, 2020-2030, ($Million)
Table 70. China Nondestructive Testing Equipment Market by Testing Method 2020-2030, ($Million)
Table 71. China Nondestructive Testing Equipment Market by Technique 2020-2030, ($Million)
Table 72. China Nondestructive Testing Equipment Market by Industry Vertical 2020-2030, ($Million)
Table 73. Japan Nondestructive Testing Equipment Market by Testing Method 2020-2030, ($Million)
Table 74. Japan Nondestructive Testing Equipment Market by Technique 2020-2030, ($Million)
Table 75. Japan Nondestructive Testing Equipment Market by Industry Vertical 2020-2030, ($Million)
Table 76. India Nondestructive Testing Equipment Market by Testing Method 2020-2030, ($Million)
Table 77. India Nondestructive Testing Equipment Market by Technique 2020-2030, ($Million)
Table 78. India Nondestructive Testing Equipment Market by Industry Vertical 2020-2030, ($Million)
Table 79. South Korea Nondestructive Testing Equipment Market by Testing Method 2020-2030, ($Million)
Table 80. South Korea Nondestructive Testing Equipment Market by Technique 2020-2030, ($Million)
Table 81. South Korea Nondestructive Testing Equipment Market by Industry Vertical 2020-2030, ($Million)
Table 82. Rest of Asia-Pacific Nondestructive Testing Equipment Market by Testing Method 2020-2030, ($Million)
Table 83. Rest of Asia-Pacific Nondestructive Testing Equipment Market by Technique 2020-2030, ($Million)
Table 84. Rest of Asia-Pacific Nondestructive Testing Equipment Market by Industry Vertical 2020-2030, ($Million)
Table 85. LAMEA Nondestructive Testing Equipment Market, by Testing Method, 2020-2030, ($Million)
Table 86. LAMEA Nondestructive Testing Equipment Market, by Technique, 2020-2030, ($Million)
Table 87. LAMEA Nondestructive Testing Equipment Market, by Industry Vertical, 2020-2030, ($Million)
Table 88. LAMEA Nondestructive Testing Equipment Market, by Country, 2020-2030, ($Million)
Table 89. Latin America Nondestructive Testing Equipment Market by Testing Method 2020-2030, ($Million)
Table 90. Latin America Nondestructive Testing Equipment Market by Technique 2020-2030, ($Million)
Table 91. Latin America Nondestructive Testing Equipment Market by Industry Vertical 2020-2030, ($Million)
Table 92. Middle East Nondestructive Testing Equipment Market by Testing Method 2020-2030, ($Million)
Table 93. Middle East Nondestructive Testing Equipment Market by Technique 2020-2030, ($Million)
Table 94. Middle East Nondestructive Testing Equipment Market by Industry Vertical 2020-2030, ($Million)
Table 95. Africa Nondestructive Testing Equipment Market by Testing Method 2020-2030, ($Million)
Table 96. Africa Nondestructive Testing Equipment Market by Technique 2020-2030, ($Million)
Table 97. Africa Nondestructive Testing Equipment Market by Industry Vertical 2020-2030, ($Million)
Table 98. Mistras Group, Inc.: Company Snapshot
Table 99. Mistras Group, Inc.: Operating Segments
Table 100. Mistras Group, Inc.: Product Portfolio
Table 101. Mistras Group, Inc.: Net Sales
Table 102. Mistras Group, Inc.: Key Stratergies
Table 103. Nikon Metrology: Company Snapshot
Table 104. Nikon Metrology: Operating Segments
Table 105. Nikon Metrology: Product Portfolio
Table 106. Nikon Metrology: Net Sales
Table 107. Nikon Metrology: Key Stratergies
Table 108. Olympus: Company Snapshot
Table 109. Olympus: Operating Segments
Table 110. Olympus: Product Portfolio
Table 111. Olympus: Net Sales
Table 112. Olympus: Key Stratergies
Table 113. Sonatest Ltd: Company Snapshot
Table 114. Sonatest Ltd: Operating Segments
Table 115. Sonatest Ltd: Product Portfolio
Table 116. Sonatest Ltd: Net Sales
Table 117. Sonatest Ltd: Key Stratergies
Table 118. Sgs: Company Snapshot
Table 119. Sgs: Operating Segments
Table 120. Sgs: Product Portfolio
Table 121. Sgs: Net Sales
Table 122. Sgs: Key Stratergies
Table 123. Zetec: Company Snapshot
Table 124. Zetec: Operating Segments
Table 125. Zetec: Product Portfolio
Table 126. Zetec: Net Sales
Table 127. Zetec: Key Stratergies
Table 128. Ashtead Technology: Company Snapshot
Table 129. Ashtead Technology: Operating Segments
Table 130. Ashtead Technology: Product Portfolio
Table 131. Ashtead Technology: Net Sales
Table 132. Ashtead Technology: Key Stratergies
Table 133. Carestream Health: Company Snapshot
Table 134. Carestream Health: Operating Segments
Table 135. Carestream Health: Product Portfolio
Table 136. Carestream Health: Net Sales
Table 137. Carestream Health: Key Stratergies
Table 138. General Electric: Company Snapshot
Table 139. General Electric: Operating Segments
Table 140. General Electric: Product Portfolio
Table 141. General Electric: Net Sales
Table 142. General Electric: Key Stratergies
Table 143. Intertek Group plc: Company Snapshot
Table 144. Intertek Group plc: Operating Segments
Table 145. Intertek Group plc: Product Portfolio
Table 146. Intertek Group plc: Net Sales
Table 147. Intertek Group plc: Key Stratergies
LIST OF FIGURES
Figure 1. Nondestructive Testing Equipment Market Segmentation
Figure 2. Nondestructive Testing Equipment Market, 2020-2030
Figure 3. Nondestructive Testing Equipment Market, 2020-2030
Figure 4. Top Investment Pockets, by Region
Figure 5. Porter Five-1
Figure 6. Porter Five-2
Figure 7. Porter Five-3
Figure 8. Porter Five-4
Figure 9. Porter Five-5
Figure 10. Top Player Positioning
Figure 11. Nondestructive Testing Equipment Market:Drivers, Restraints and Opportunities
Figure 11. Nondestructive Testing Equipment Market, by Testing Method, 2020 (%)
Figure 12. Comparative Share Analysis of Ultrasonic Testing Nondestructive Testing Equipment Market, 2020-2030 (%)
Figure 13. Comparative Share Analysis of Radiography Testing Nondestructive Testing Equipment Market, 2020-2030 (%)
Figure 14. Comparative Share Analysis of Visual Inspection Testing Nondestructive Testing Equipment Market, 2020-2030 (%)
Figure 15. Comparative Share Analysis of Magnetic Particle Testing and Electromagnetic Testing Nondestructive Testing Equipment Market, 2020-2030 (%)
Figure 16. Comparative Share Analysis of Eddy Current Testing Nondestructive Testing Equipment Market, 2020-2030 (%)
Figure 17. Comparative Share Analysis of Liquid Penetrant Testing Nondestructive Testing Equipment Market, 2020-2030 (%)
Figure 18. Comparative Share Analysis of Others Nondestructive Testing Equipment Market, 2020-2030 (%)
Figure 19. Nondestructive Testing Equipment Market, by Technique, 2020 (%)
Figure 20. Comparative Share Analysis of Volumetric Examination Nondestructive Testing Equipment Market, 2020-2030 (%)
Figure 21. Comparative Share Analysis of Surface Examination Nondestructive Testing Equipment Market, 2020-2030 (%)
Figure 22. Comparative Share Analysis of Others Nondestructive Testing Equipment Market, 2020-2030 (%)
Figure 23. Nondestructive Testing Equipment Market, by Industry Vertical, 2020 (%)
Figure 24. Comparative Share Analysis of Oil and Gas Nondestructive Testing Equipment Market, 2020-2030 (%)
Figure 25. Comparative Share Analysis of Energy and Power Nondestructive Testing Equipment Market, 2020-2030 (%)
Figure 26. Comparative Share Analysis of Aerospace and Defense Nondestructive Testing Equipment Market, 2020-2030 (%)
Figure 27. Comparative Share Analysis of Automotive and Transportation Nondestructive Testing Equipment Market, 2020-2030 (%)
Figure 28. Comparative Share Analysis of Infrastructure Nondestructive Testing Equipment Market, 2020-2030 (%)
Figure 29. Comparative Share Analysis of Others Nondestructive Testing Equipment Market, 2020-2030 (%)
Figure 30. Nondestructive Testing Equipment Market by Region, 2020
Figure 31. U.S. Nondestructive Testing Equipment Market, 2020-2030 ($Million)
Figure 32. Canada Nondestructive Testing Equipment Market, 2020-2030 ($Million)
Figure 33. Mexico Nondestructive Testing Equipment Market, 2020-2030 ($Million)
Figure 34. Ukraine Nondestructive Testing Equipment Market, 2020-2030 ($Million)
Figure 35. Germany Nondestructive Testing Equipment Market, 2020-2030 ($Million)
Figure 36. France Nondestructive Testing Equipment Market, 2020-2030 ($Million)
Figure 37. Rest of Europe Nondestructive Testing Equipment Market, 2020-2030 ($Million)
Figure 38. China Nondestructive Testing Equipment Market, 2020-2030 ($Million)
Figure 39. Japan Nondestructive Testing Equipment Market, 2020-2030 ($Million)
Figure 40. India Nondestructive Testing Equipment Market, 2020-2030 ($Million)
Figure 41. South Korea Nondestructive Testing Equipment Market, 2020-2030 ($Million)
Figure 42. Rest of Asia-Pacific Nondestructive Testing Equipment Market, 2020-2030 ($Million)
Figure 43. Latin America Nondestructive Testing Equipment Market, 2020-2030 ($Million)
Figure 44. Middle East Nondestructive Testing Equipment Market, 2020-2030 ($Million)
Figure 45. Africa Nondestructive Testing Equipment Market, 2020-2030 ($Million)
Figure 46. Top Winning Strategies, by Year
Figure 47. Top Winning Strategies, by Development
Figure 48. Top Winning Strategies, by Company
Figure 49. Product Mapping of Top 10 Players
Figure 50. Competitive Dashboard
Figure 51. Competitive Heatmap of Top 10 Key Players
Figure 52. Mistras Group, Inc. Net Sales, ($Million)
Figure 53. Nikon Metrology.: Net Sales, ($Million)
Figure 54. Olympus.: Net Sales, ($Million)
Figure 55. Sonatest Ltd.: Net Sales, ($Million)
Figure 56. Sgs.: Net Sales, ($Million)
Figure 57. Zetec.: Net Sales, ($Million)
Figure 58. Ashtead Technology.: Net Sales, ($Million)
Figure 59. Carestream Health.: Net Sales, ($Million)
Figure 60. General Electric.: Net Sales, ($Million)
Figure 61. Intertek Group PLC.: Net Sales, ($Million)

Executive Summary

The NDT market forecast holds high potential in infrastructure and automotive & transportation industry vertical. Presently, rapid development in smart infrastructure and vehicle technology have resulted in desire to adopt this technology, particularly in the developing countries such as China, India, Brazil, Mexico, and UAE. Companies in the nondestructive testing equipment industry adopt various innovative techniques to provide customers with advanced and innovative features which is lucrative for the nondestructive testing equipment market size.

Non destructive testing machine features enhanced functionality & accuracy and quick & cost-effective monitoring and reporting procedure. It is used to address a variety of difficulties in the process with goal of increasing quality and productivity which increases the nondestructive testing equipment market share globally.

Leak detections are increasingly used in oil & petroleum industry, chemical industry, and air conditioning & refrigeration industry. Usage of leak detectors prevent potential accidents and risk analysis for future concerns. This technology promotes safe orientation among users in various situations. Governments all across the globe are setting up regulations to promote adoption of leak detectors among various industry verticals. For instance, the U.S. federal government regulates pipelines through the Code of Federal Regulations (CFR) 49, which insist adoption of leak detectors. In addition, the air conditioning and refrigeration industry uses leak detectors to measure and prohibit carbon dioxide to reduce global warming potential, which is assisting the nondestructive testing equipment market growth.

COVID-19 Impact Analysis

COVID-19 has caused overall semiconductor industry to mobilize quickly and to make short-term decisions with long-term implications. Semiconductor companies operate in a complex ecosystem, working across value chain with numerous raw materials, assembly, test, package, and equipment suppliers and partners, globally.

The demand from wireless communication segment is expected to increase due to factors such as increased broadband usage, higher demand for cloud services, and video streaming. In addition, in medium to long term, COVID-19 is expected to further push up the need for digital transformation, technologies such as 5G, internet of things, artificial intelligence, and intelligent edge computing for future optimization.

The end users of NDT inspection equipment represent mixed trends during the COVID-19 pandemic. Industry vertical such as transportation and construction show minimal demand for its services. However, demand for NDT equipment from defense sector, power plants, and oil & refineries remain unaffected. Furthermore, quality check and maintenance of products, components, or structures is of important for every industry. As a result, budget remains unaffected even in the pandemic.

According to nondestructive testing equipment market trends, aging infrastructure, including roads, buildings, and aircraft, provide a new measurement and monitoring challenges for NDT equipment engineers and technicians. The trend in nondestructive testing machine increases emphasis on use of NDT to improve productivity of manufacturing processes. Quantitative non-destructive testing (QNDT) increases amount of information about failure modes and speed with which information can be obtained and facilitates development of in-line measurements for process control.

New equipment in nondestructive testing equipment market analysis is being developed to reduce involvement of operator as much as possible through automating functions and computerizing results. Continuous technical developments result in novel and improved techniques for carrying out NDT. Presently, product development allow NDT to be carried out in cheaper and effective way.

Companies Mentioned

  • Mistras Group, Inc.
  • nikon metrology
  • Olympus
  • sonatest ltd
  • sgs
  • zetec
  • ashtead technology
  • carestream health
  • General Electric
  • Intertek Group plc

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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Table Information

Report AttributeDetails
No. of Pages255
PublishedMarch 2022
Forecast Period2020 - 2030
Estimated Market Value ( USD ) in 2020 $ 3.55 billion
Forecasted Market Value ( USD ) by 2030 $ 8.12 billion
Compound Annual Growth Rate8.6%
Regions CoveredGlobal
No. of Companies Mentioned10

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