Market Overview:
The global non-destructive testing (NDT) equipment market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for NDT services from various end-use industries, such as oil & gas, aerospace & defense, automotive, and other industries. In addition, the growing awareness about safety and quality among consumers is also fueling the demand for NDT services and equipment. The portable segment is expected to grow at a higher CAGR than the stationary segment during the forecast period. This can be attributed to its advantages over stationary systems such as easy transportation and installation, low cost of ownership, and flexibility in terms of usage. In terms of application, oil & gas accounted for the largest share of the global NDT equipment market in 2017. This can be attributed to increased investments by oil & gas companies in exploration and production activities across regions such as North America and Latin America. The aerospace & defense sector is projected to grow at a highest CAGR during 2018–2030 owing to increasing demand for new aircrafts across developed countries such as UASA (United States), Europe Japan etc.
Product Definition:
Non-destructive testing (NDT) is a wide group of analysis techniques used to examine the properties of a material or component without causing damage. NDT equipment is important because it allows for the inspection of materials and components without causing any harm. This enables engineers and technicians to identify potential problems and make necessary repairs before they become more serious and costly.
Portable:
Portable NDT equipment is expected to witness significant growth over the forecast period owing to its increasing demand in non-destructive testing (NDT) application. The market for portable NDT equipment has been witnessing growth due to factors such as growing awareness of safety and health issues, government regulations, technological advancements and cost benefits associated with the use of this equipment.
Stationary:
Stationary and it's usage in NDT equipment market is used for inspection, maintenance, repair of various types of machines and devices. It helps to identify problems with the device under test without any movement or operation. The market is segmented on the basis of product type which includes stationary testing equipment, portable testing equipment & software & services.
The global stationary.
Application Insights:
The oil & gas segment dominated the global NDT equipment market in 2017 and is expected to witness significant growth over the forecast period. The growing demand for advanced testing solutions that help identify leaks, corrosion, and other problems in pipelines is expected to drive the demand for NDT equipment in this sector. In addition, increasing investments by major oil companies such as BP plc., Royal Dutch Shell plc., and Statoil ASA are likely to propel industry expansion over the coming years.
Aerospace & defense accounted for a considerable share of 19% of overall revenue in 2017 owing to rising product adoption across various applications including engine components, aircraft structures, aerospace electronics systems/components/surfaces etc. Growing passenger traffic coupled with high spending on aerospace R&D is anticipated fuel industry expansion over next eight years particularly across Europe and North America regions where majority of aircraft parts are manufactured these days.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region over the forecast period. The growth can be attributed to increasing investments in infrastructure development and manufacturing sectors. In addition, rising demand for consumer electronics and automobiles is anticipated to drive product adoption across this region.
North America accounted for a significant share of global revenue in 2017 owing to growing oil & gas industry coupled with aerospace & defense spending by countries such as the U.S., Canada, and Mexico among others.
The Middle East & Africa (MEA) market also has potential growth opportunities for NDT equipment manufacturers due tomilitary modernization programs along with expanding oil production capacities especially from Saudi Arabia.
Growth Factors:
- Increasing demand for non-destructive testing from the automotive and aerospace industries
- Growing popularity of digital radiography and ultrasonic testing methods
- Rising investment in research and development for advanced NDT technologies
- Proliferation of counterfeit products in global markets
- Increasing awareness about the benefits of non-destructive testing among end users
Scope Of The Report
Report Attributes
Report Details
Report Title
Non-Destructive Testing (NDT) Equipment Market Research Report
By Type
Portable, Stationary
By Application
Oil & Gas, Aerospace & Defense, Automotive, Other
By Companies
Comet, Fujifilm, Teledyne Dalsa, Rigaku, Shimadzu, Vidisco, QSA Global, SEC, Marietta, Spellman, Dandong NDT Equipment, Dandong HuaRI Science Electric, Shenzhen Zoan
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
200
Number of Tables & Figures
140
Customization Available
Yes, the report can be customized as per your need.
Global Non-Destructive Testing (NDT) Equipment Market Report Segments:
The global Non-Destructive Testing (NDT) Equipment market is segmented on the basis of:
Types
Portable, Stationary
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Oil & Gas, Aerospace & Defense, Automotive, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Comet
- Fujifilm
- Teledyne Dalsa
- Rigaku
- Shimadzu
- Vidisco
- QSA Global
- SEC
- Marietta
- Spellman
- Dandong NDT Equipment
- Dandong HuaRI Science Electric
- Shenzhen Zoan
Highlights of The Non-Destructive Testing (NDT) Equipment Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Portable
- Stationary
- By Application:
- Oil & Gas
- Aerospace & Defense
- Automotive
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Non-Destructive Testing (NDT) Equipment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Non-destructive testing (NDT) equipment is used to inspect and test objects without causing any damage. This can be done by using a variety of methods, including ultrasound, x-rays, magnetic resonance imaging (MRI), and laser scanning. NDT can help identify problems with products before they cause serious damage or failure.
Some of the major players in the non-destructive testing (ndt) equipment market are Comet, Fujifilm, Teledyne Dalsa, Rigaku, Shimadzu, Vidisco, QSA Global, SEC, Marietta, Spellman, Dandong NDT Equipment, Dandong HuaRI Science Electric, Shenzhen Zoan.
The non-destructive testing (ndt) equipment market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Non-Destructive Testing (NDT) Equipment Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Non-Destructive Testing (NDT) Equipment Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Non-Destructive Testing (NDT) Equipment Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Non-Destructive Testing (NDT) Equipment Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Non-Destructive Testing (NDT) Equipment Market Size & Forecast, 2018-2028 4.5.1 Non-Destructive Testing (NDT) Equipment Market Size and Y-o-Y Growth 4.5.2 Non-Destructive Testing (NDT) Equipment Market Absolute $ Opportunity
Chapter 5 Global Non-Destructive Testing (NDT) Equipment Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Non-Destructive Testing (NDT) Equipment Market Size Forecast by Type
5.2.1 Portable
5.2.2 Stationary
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Non-Destructive Testing (NDT) Equipment Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Non-Destructive Testing (NDT) Equipment Market Size Forecast by Applications
6.2.1 Oil & Gas
6.2.2 Aerospace & Defense
6.2.3 Automotive
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Non-Destructive Testing (NDT) Equipment Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Non-Destructive Testing (NDT) Equipment Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Non-Destructive Testing (NDT) Equipment Analysis and Forecast
9.1 Introduction
9.2 North America Non-Destructive Testing (NDT) Equipment Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Non-Destructive Testing (NDT) Equipment Market Size Forecast by Type
9.6.1 Portable
9.6.2 Stationary
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Non-Destructive Testing (NDT) Equipment Market Size Forecast by Applications
9.10.1 Oil & Gas
9.10.2 Aerospace & Defense
9.10.3 Automotive
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Non-Destructive Testing (NDT) Equipment Analysis and Forecast
10.1 Introduction
10.2 Europe Non-Destructive Testing (NDT) Equipment Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Non-Destructive Testing (NDT) Equipment Market Size Forecast by Type
10.6.1 Portable
10.6.2 Stationary
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Non-Destructive Testing (NDT) Equipment Market Size Forecast by Applications
10.10.1 Oil & Gas
10.10.2 Aerospace & Defense
10.10.3 Automotive
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Non-Destructive Testing (NDT) Equipment Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Non-Destructive Testing (NDT) Equipment Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Non-Destructive Testing (NDT) Equipment Market Size Forecast by Type
11.6.1 Portable
11.6.2 Stationary
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Non-Destructive Testing (NDT) Equipment Market Size Forecast by Applications
11.10.1 Oil & Gas
11.10.2 Aerospace & Defense
11.10.3 Automotive
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Non-Destructive Testing (NDT) Equipment Analysis and Forecast
12.1 Introduction
12.2 Latin America Non-Destructive Testing (NDT) Equipment Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Non-Destructive Testing (NDT) Equipment Market Size Forecast by Type
12.6.1 Portable
12.6.2 Stationary
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Non-Destructive Testing (NDT) Equipment Market Size Forecast by Applications
12.10.1 Oil & Gas
12.10.2 Aerospace & Defense
12.10.3 Automotive
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Non-Destructive Testing (NDT) Equipment Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Non-Destructive Testing (NDT) Equipment Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Non-Destructive Testing (NDT) Equipment Market Size Forecast by Type
13.6.1 Portable
13.6.2 Stationary
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Non-Destructive Testing (NDT) Equipment Market Size Forecast by Applications
13.10.1 Oil & Gas
13.10.2 Aerospace & Defense
13.10.3 Automotive
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Non-Destructive Testing (NDT) Equipment Market: Competitive Dashboard
14.2 Global Non-Destructive Testing (NDT) Equipment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Comet
14.3.2 Fujifilm
14.3.3 Teledyne Dalsa
14.3.4 Rigaku
14.3.5 Shimadzu
14.3.6 Vidisco
14.3.7 QSA Global
14.3.8 SEC
14.3.9 Marietta
14.3.10 Spellman
14.3.11 Dandong NDT Equipment
14.3.12 Dandong HuaRI Science Electric
14.3.13 Shenzhen Zoan