Market Overview:
Ultrasonic NDT Testing Equipment is used to detect and measure discontinuities in materials. Ultrasonic waves are passed through the material and the reflected waves are analyzed to identify any flaws. The global ultrasonic NDT testing equipment market is expected to grow at a CAGR of 5.5% during the forecast period 2018-2030. The growth of this market can be attributed to the increasing demand for ultrasonic NDT testing equipment from various end-use industries such as oil & gas, power generation, transportation & automotive, and others.
Product Definition:
Ultrasonic NDT Testing Equipment is equipment that uses ultrasound to inspect and test materials. Ultrasound is a type of sound wave that has a higher frequency than the human ear can hear. It is used to detect flaws and defects in materials, including metals, plastics, and composites. Ultrasonic NDT Testing Equipment can be used to find cracks, porosity, discontinuities, and other flaws in these materials.
Flaw Detector:
Flaw detector is an electronic device used to detect the presence of flaws in a material or product. It works on the principle of ultrasound wave reflection which helps in detecting internal defects or faults in products. The ultrasonic NDT testing equipment market is expected to witness significant growth over the forecast period owing to its increasing demand across various application areas such as aerospace & defense, automotive, electronics and electrical among others.
Thickness Gauge:
The thickness gauge is a device used to measure the depth of an object. It is usually made up of a flexible shaft with a head at one end and a tail at the other. The flexible shaft allows for easy movement in any direction, but it has limits set by its construction that make it unable to go deeper than the tail or thinner than the head.
Application Insights:
The oil & gas application segment accounted for the largest market share in 2017 and is projected to grow at a CAGR of XX% over the forecast period. The growth can be attributed to the rising demand for advanced equipment that helps in detecting cracks, corrosion, porosity and other abnormalities early during drilling operations.
The power generation industry requires ultrasonic inspection for various applications including steam generators, boiler tubes/tubes within turbines/generators etc., The transportation & automotive sector is expected to witness substantial growth owing to extensive use of metal components in vehicles across all major regions such as North America and Europe. Ultrasonic inspections are carried out before sale or delivery of vehicles so that defects can be detected early on so that they can be repaired prior to vehicle acceptance or dispatch from a manufacturing facility thus avoiding any potential downtime or holdup associated therewith.
Regional Analysis:
Asia Pacific region accounted for the largest revenue share in 2017 and is anticipated to continue its dominance over the forecast period. This can be attributed to increasing number of projects in various industries, such as oil & gas, power generation, manufacturing, and others. In addition, rising demand for advanced ultrasonic equipment from countries like China and India coupled with growing need for quality control during manufacturing processes is expected to drive this regional market over the forecast period.
The Middle East & Africa (MEA) region is projected to grow at a lucrative rate due to presence of significant oil reserves across countries such as Saudi Arabia and UAE. In addition, rapid growth of end-use industries including aerospace & defense; automotive; food processing; pharmaceuticals; mining among others will boost product demand in MEA region over the forecast period.
Growth Factors:
- Increasing demand for ultrasonic NDT testing equipment from the automotive and aerospace industries due to the growing need for quality control and safety inspection.
- Rising demand for ultrasonic NDT testing equipment from the oil & gas industry as a result of increasing exploration and production activities across the globe.
- Growing popularity of ultrasonic NDT testing equipment among small-and medium-sized enterprises (SMEs) due to its low cost and easy operability.
- Proliferation of digital technologies that are helping in improving accuracy and efficiency of ultrasonic NDT testing procedures.
Scope Of The Report
Report Attributes
Report Details
Report Title
Ultrasonic NDT Testing Equipment Market Research Report
By Type
Flaw Detector, Thickness Gauge, Other
By Application
Oil & Gas, Power Generation, Transportation & Automotive
By Companies
General Electric, Mistras, Olympus, Ashtead Technology, Nikon Metrology, Illinois Tool Works, Zetec, Eddyfi Technologies, YXLON International, NDT Global, Bosello High Technology, Cygnus Instruments, Sonatest
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
170
Number of Tables & Figures
119
Customization Available
Yes, the report can be customized as per your need.
Global Ultrasonic NDT Testing Equipment Market Report Segments:
The global Ultrasonic NDT Testing Equipment market is segmented on the basis of:
Types
Flaw Detector, Thickness Gauge, Other
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, Power Generation, Transportation & Automotive
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:
- General Electric
- Mistras
- Olympus
- Ashtead Technology
- Nikon Metrology
- Illinois Tool Works
- Zetec
- Eddyfi Technologies
- YXLON International
- NDT Global
- Bosello High Technology
- Cygnus Instruments
- Sonatest
Highlights of The Ultrasonic NDT Testing 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:
- Flaw Detector
- Thickness Gauge
- Other
- By Application:
- Oil & Gas
- Power Generation
- Transportation & Automotive
- 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 Ultrasonic NDT Testing 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?
Ultrasonic NDT equipment is a type of testing equipment that uses ultrasonic waves to inspect objects and materials. Ultrasonic waves are very high frequency sound waves that are used to create images of the inside of objects. This technology can be used to detect defects in materials, such as cracks, corrosion, and missing pieces.
Some of the major players in the ultrasonic ndt testing equipment market are General Electric, Mistras, Olympus, Ashtead Technology, Nikon Metrology, Illinois Tool Works, Zetec, Eddyfi Technologies, YXLON International, NDT Global, Bosello High Technology, Cygnus Instruments, Sonatest.
The ultrasonic ndt testing equipment market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Ultrasonic NDT Testing 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 Ultrasonic NDT Testing Equipment Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Ultrasonic NDT Testing 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 Ultrasonic NDT Testing 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 Ultrasonic NDT Testing Equipment Market Size & Forecast, 2018-2028
4.5.1 Ultrasonic NDT Testing Equipment Market Size and Y-o-Y Growth
4.5.2 Ultrasonic NDT Testing Equipment Market Absolute $ Opportunity
Chapter 5 Global Ultrasonic NDT Testing 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 Ultrasonic NDT Testing Equipment Market Size Forecast by Type
5.2.1 Flaw Detector
5.2.2 Thickness Gauge
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Ultrasonic NDT Testing 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 Ultrasonic NDT Testing Equipment Market Size Forecast by Applications
6.2.1 Oil & Gas
6.2.2 Power Generation
6.2.3 Transportation & Automotive
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Ultrasonic NDT Testing 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 Ultrasonic NDT Testing 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 Ultrasonic NDT Testing Equipment Analysis and Forecast
9.1 Introduction
9.2 North America Ultrasonic NDT Testing 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 Ultrasonic NDT Testing Equipment Market Size Forecast by Type
9.6.1 Flaw Detector
9.6.2 Thickness Gauge
9.6.3 Other
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 Ultrasonic NDT Testing Equipment Market Size Forecast by Applications
9.10.1 Oil & Gas
9.10.2 Power Generation
9.10.3 Transportation & Automotive
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 Ultrasonic NDT Testing Equipment Analysis and Forecast
10.1 Introduction
10.2 Europe Ultrasonic NDT Testing 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 Ultrasonic NDT Testing Equipment Market Size Forecast by Type
10.6.1 Flaw Detector
10.6.2 Thickness Gauge
10.6.3 Other
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 Ultrasonic NDT Testing Equipment Market Size Forecast by Applications
10.10.1 Oil & Gas
10.10.2 Power Generation
10.10.3 Transportation & Automotive
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 Ultrasonic NDT Testing Equipment Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Ultrasonic NDT Testing 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 Ultrasonic NDT Testing Equipment Market Size Forecast by Type
11.6.1 Flaw Detector
11.6.2 Thickness Gauge
11.6.3 Other
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 Ultrasonic NDT Testing Equipment Market Size Forecast by Applications
11.10.1 Oil & Gas
11.10.2 Power Generation
11.10.3 Transportation & Automotive
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 Ultrasonic NDT Testing Equipment Analysis and Forecast
12.1 Introduction
12.2 Latin America Ultrasonic NDT Testing 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 Ultrasonic NDT Testing Equipment Market Size Forecast by Type
12.6.1 Flaw Detector
12.6.2 Thickness Gauge
12.6.3 Other
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 Ultrasonic NDT Testing Equipment Market Size Forecast by Applications
12.10.1 Oil & Gas
12.10.2 Power Generation
12.10.3 Transportation & Automotive
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) Ultrasonic NDT Testing Equipment Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Ultrasonic NDT Testing 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) Ultrasonic NDT Testing Equipment Market Size Forecast by Type
13.6.1 Flaw Detector
13.6.2 Thickness Gauge
13.6.3 Other
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) Ultrasonic NDT Testing Equipment Market Size Forecast by Applications
13.10.1 Oil & Gas
13.10.2 Power Generation
13.10.3 Transportation & Automotive
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 Ultrasonic NDT Testing Equipment Market: Competitive Dashboard
14.2 Global Ultrasonic NDT Testing Equipment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 General Electric
14.3.2 Mistras
14.3.3 Olympus
14.3.4 Ashtead Technology
14.3.5 Nikon Metrology
14.3.6 Illinois Tool Works
14.3.7 Zetec
14.3.8 Eddyfi Technologies
14.3.9 YXLON International
14.3.10 NDT Global
14.3.11 Bosello High Technology
14.3.12 Cygnus Instruments
14.3.13 Sonatest
