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Non-Destructive Testing Equipment Market Report and Forecast 2024-2032

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    Report

  • 209 Pages
  • June 2024
  • Region: Global
  • Expert Market Research
  • ID: 5982111

Market Outlook

According to this report, the non-destructive testing equipment market size reached a value of USD 3.45 billion in 2023. Aided by the increasing demand for quality assurance and safety in industrial applications and the growing applications of non-destructive testing equipment across various sectors, the market is projected to further grow at a CAGR of 6.5% between 2024 and 2032 to reach a value of USD 6.07 billion by 2032.

Non-destructive testing equipment is used to evaluate the properties of a material, component, or system without causing damage. Non-destructive testing techniques include ultrasonic testing, radiographic testing, magnetic particle testing, liquid penetrant testing, and eddy current testing, among others. The key benefits of non-destructive testing equipment include ensuring product reliability, detecting flaws and defects, and enhancing safety and performance in industrial applications, making them indispensable in various sectors such as aerospace, automotive, oil and gas, and construction.

The economic growth and industrial development in many regions are contributing to the increased demand for non-destructive testing equipment. As sectors expand and new infrastructure projects are undertaken, the need for reliable and efficient inspection and quality control solutions is increasing. This economic prosperity is supporting the growth of the non-destructive testing equipment market in various regions.

The increasing consumer preference for quality assurance and safety in industrial applications is driving the non-destructive testing equipment market growth. With the growing awareness of the importance of maintaining high standards in manufacturing and construction, there has been a significant shift towards using advanced non-destructive testing techniques, leading to a surge in demand. Additionally, the rising trend of automation and digitalisation in sectors has further contributed to the increasing popularity of non-destructive testing equipment, as they offer reliable and efficient solutions for inspection and quality control.

The expanding applications of non-destructive testing equipment in various sectors also play a significant role in propelling the market. In the aerospace sector, non-destructive testing equipment is used to inspect aircraft components and structures to ensure their integrity and safety. In the automotive sector, non-destructive testing techniques are utilised to detect defects in vehicle parts and assemblies, ensuring high-quality production. Moreover, the oil and gas sector use non-destructive testing equipment to inspect pipelines, tanks, and other infrastructure to prevent leaks and failures, enhancing safety and operational efficiency.

Further, the growing focus on technological advancements and innovation in non-destructive testing equipment has led to the development of advanced solutions with enhanced capabilities such as real-time data analysis, remote monitoring, and automated inspection. These innovations have significantly improved the accuracy and efficiency of non-destructive testing processes, making them more appealing to industries. This trend is expected to boost the non-destructive testing equipment market expansion in the coming years, consequently driving up the non-destructive testing equipment market share.

Ultrasonic testing equipment includes non-destructive testing techniques that use high-frequency sound waves to detect flaws and measure material thickness. The demand for ultrasonic testing is driven by its high accuracy and versatility in various applications.

Radiographic testing equipment includes non-destructive testing techniques that use X-rays or gamma rays to inspect the internal structure of materials. The demand for radiographic testing is driven by its ability to detect hidden defects and provide detailed imaging.

As per the non-destructive testing equipment market analysis, magnetic particle testing equipment includes non-destructive testing techniques that use magnetic fields to detect surface and near-surface defects in ferromagnetic materials. The demand for magnetic particle testing is driven by its simplicity and effectiveness in detecting surface cracks.

Liquid penetrant testing equipment includes non-destructive testing techniques that use dye penetrants to detect surface-breaking defects in non-porous materials. The demand for liquid penetrant testing is driven by its ease of use and effectiveness in detecting surface flaws.

Market Segmentation

The market can be divided based on method, technology, end use, and region.

Market Breakup by Method

  • Visual Inspection
  • Surface Inspection
  • Volumetric Inspection

Market Breakup by Technology

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

Market Breakup by End Use

  • Oil and Gas
  • Power and Energy
  • Aerospace and Defence
  • Automotive and Transportation
  • Construction
  • Others

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Europe

Competitive landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in global non-destructive testing equipment market. some of the major players explored in the report are as follows:
  • Baker Hughes Company (Waygate Technologies)
  • Mistras Group, Inc.
  • Previan Technologies, Inc. (Eddyfi Technologies)
  • FUJIFILM Corporation
  • Comet AG
  • Sonatest Ltd.
  • Zetec, Inc.
  • Magnaflux
  • Vidisco Ltd.
  • Others

Table of Contents

1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Non-Destructive Testing Equipment Market Analysis
8.1 Key Industry Highlights
8.2 Global Non-Destructive Testing Equipment Historical Market (2018-2023)
8.3 Global Non-Destructive Testing Equipment Market Forecast (2024-2032)
8.4 Global Non-Destructive Testing Equipment Market by Method
8.4.1 Visual Inspection
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Surface Inspection
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Volumetric Inspection
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 Global Non-Destructive Testing Equipment Market by Technology
8.5.1 Magnetic Particle Testing Equipment
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Liquid Penetrant Testing Equipment
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Radiography Testing Equipment
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Ultrasonic Testing Equipment
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Visual Inspection Equipment
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Eddy Current Equipment
8.5.6.1 Historical Trend (2018-2023)
8.5.6.2 Forecast Trend (2024-2032)
8.5.7 Others
8.6 Global Non-Destructive Testing Equipment Market by End Use
8.6.1 Oil and Gas
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Power and Energy
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Aerospace and Defense
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Automotive and Transportation
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Construction
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
8.6.6 Others
8.7 Global Non-Destructive Testing Equipment Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Non-Destructive Testing Equipment Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Non-Destructive Testing Equipment Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Non-Destructive Testing Equipment Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Non-Destructive Testing Equipment Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Non-Destructive Testing Equipment Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Baker Hughes Company (Waygate Technologies)
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Mistras Group, Inc.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.2.5 Certifications
15.2.3 Previan Technologies, Inc. (Eddyfi Technologies)
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 FUJIFILM Corporation
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Comet AG
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Sonatest Ltd.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Zetec, Inc.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Magnaflux
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Vidisco Ltd.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Non-Destructive Testing Equipment Market: Key Industry Highlights, 2018 and 2032
2. Global Non-Destructive Testing Equipment Historical Market: Breakup by Method (USD Billion), 2018-2023
3. Global Non-Destructive Testing Equipment Market Forecast: Breakup by Method (USD Billion), 2024-2032
4. Global Non-Destructive Testing Equipment Historical Market: Breakup by Technology (USD Billion), 2018-2023
5. Global Non-Destructive Testing Equipment Market Forecast: Breakup by Technology (USD Billion), 2024-2032
6. Global Non-Destructive Testing Equipment Historical Market: Breakup by End Use (USD Billion), 2018-2023
7. Global Non-Destructive Testing Equipment Market Forecast: Breakup by End Use (USD Billion), 2024-2032
8. Global Non-Destructive Testing Equipment Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Non-Destructive Testing Equipment Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Non-Destructive Testing Equipment Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Non-Destructive Testing Equipment Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Non-Destructive Testing Equipment Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Non-Destructive Testing Equipment Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Non-Destructive Testing Equipment Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Non-Destructive Testing Equipment Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Non-Destructive Testing Equipment Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Non-Destructive Testing Equipment Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Non-Destructive Testing Equipment Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Non-Destructive Testing Equipment Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global Non-Destructive Testing Equipment Market Structure

Companies Mentioned

  • Baker Hughes Company (Waygate Technologies)
  • Mistras Group, Inc.
  • Previan Technologies, Inc. (Eddyfi Technologies)
  • FUJIFILM Corporation
  • Comet AG
  • Sonatest Ltd.
  • Zetec, Inc.
  • Magnaflux
  • Vidisco Ltd.

Methodology

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Table Information