Non-Destructive Testing (NDT) Market By Test Method (Magnetic Particle Testing, Eddy Current Testing, Radiographic Testing, Visual Testing, Liquid Penetrant Testing, Ultrasonic Testing) Vertical (Manufacturing, Construction, Power Generation, Oil & Gas, Aerospace and Defense, Automotive, Others) - Global Industry Analysis & Forecast to 2025
Industry Outlook and Trend Analysis
The Non-Destructive Testing (NDT) Market has encountered significant development over the recent years and is anticipated to grow tremendously over the forecast period. Rising manufacturing exercises in developed and developing countries is one of the main patterns animating business sector development. Progressions in technology are prompting advancement of cutting edge non-destructive testing procedures with enhanced security and determination of errors, which is ready to help the development of the market. Expanding awareness among producers in regards to advantages of NDT is probably going to increase the entrance of NDT systems over the estimate time frame.
Based on test method, Radiographic testing segment is anticipated to encounter substantial development over the upcoming years. The development of the segment can be credited to its ability to determine errors in equipment or components with the help of propelled equipment such as industrial CT scanners. On the basis of vertical, the manufacturing industry is foreseen to observe significant development over the forecast period owing to increasing production volumes across the globe.
North America commanded the market in 2017, with a share of over 35.0% based on revenue. This is attributable to broad adoption of NDT systems over various end-user areas, accessibility of skilled employees, and existence of various NDT preparing organizations in the district.
Rest of Europe
Rest of Asia-Pacific
Rest of South America
Middle East and Africa
Rest of MEA
The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
Eddyfi NDT Inc
Ashtead Technology Ltd
Fisher Technologies, Inc
Mistras Group, Inc
Yxlon International GmbH
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2025?
What will be the industry market growth from 2015 to 2025?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?