Market Overview:
The global ultrasonic tester market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for ultrasonic testers from the automotive industry, rising awareness about safety and security, and growing demand for advanced technologies. Based on type, the global ultrasonic tester market is segmented into regular tensile and high tensile. The regular tensile segment is expected to dominate the market during the forecast period owing to its low cost and easy availability. However, with technological advancements, high-tensile ultrasonic testers are gaining popularity as they offer superior performance as compared to regular ones. Based on application, the global ultrasonic tester market is segmented into passenger car use and commercial vehicle use. The passenger car use segment dominates the market due to increased adoption of advanced technologies in vehicles across all regions worldwide. However, with rising demand for commercial vehicles globally, especially in developing countries such as India and China,the commercial vehicle use segment is projectedto grow at a higher CAGR duringthe forecast period .
Product Definition:
An ultrasonic tester is a device that uses ultrasound to test the integrity of an object. Ultrasound is a type of sound wave that has a higher frequency than what humans can hear. An ultrasonic tester sends out ultrasound waves and then measures how they reflect back off of the object being tested. This information can be used to determine whether or not the object is intact and to identify any areas where it may be damaged. Ultrasonic testers are often used in manufacturing and quality control settings to inspect objects for defects.
Regular Tensile:
Regular tensile is a type of tension testing machine used to measure the strength or elongation of materials such as textiles, films & tapes, rubber and leather. It's an important tool in quality control for manufacturers and suppliers of various industrial goods.
The ultrasonic tester uses regular tensile principle to test the durability under varied conditions such as temperature & moisture content along with other factors like stress & strain rate which makes it one of the most reliable tools for material testing.
High Tensile:
High tensile is a type of rubber material that has high elongation and strength. It can withstand great stress without breaking or cracking. High tensile rubber is used in making gaskets, seals, washers, hoses and other parts that are subjected to extreme force and pressure.
Application Insights:
Passenger car use is expected to be the fastest-growing application segment over the forecast period owing to increasing demand for passenger cars in developing countries such as China, India and Brazil. ultrasonic testers are used on a daily basis by technicians for testing different components of an automobile engine. The need for efficient and fast diagnosis of problems with critical component failure is driving this segment.
Commercial vehicle use was estimated to be the largest application segment in 2017, accounting for over 60% share of global revenue that year. Growing emphasis on maintenance schedules along with rising reliability concerns among transport companies are some factors contributing towards high penetration rate of ultrasound equipment in commercial vehicles across various regions globally.
The medical device industry has been one of the major adopters of UUTs due to their benefits including improved accuracy during surgery coupled with ease-of-use and patient safety during diagnostic procedures at remote locations or where there is a shortage or absence of medical staff or facilities.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing demand for passenger cars and commercial vehicles in countries such as China, India, Japan, South Korea and Taiwan. This region is witnessing an increasing number of ultrasonic testing facilities due to rising demand from OEMs for R&D purposes or product quality control.
The Middle East & Africa (MEA) market was valued at USD X million in 2017 owing to growing investments by key players in this region for expanding their business operations coupled with rising government funding towards research activities related to automotive safety systems & components testing procedures using ultrasound technology. These factors are anticipated to drive the MEA market over the forecast period as well as ultrasonic tester manufacturers continue their expansion plans within this region by establishing strategic alliances with local companies that have extensive distribution networks across several African countries such as Nigeria, Kenya and Ethiopia among others).
Growth Factors:
- Increasing demand for ultrasonic testers from the automotive industry for quality control and product development purposes.
- Growing popularity of ultrasonic testing as a non-destructive testing method in various industries.
- Proliferation of automated ultrasonic testers that offer faster and more accurate results than manual methods.
- Rising demand for ultrasonic testers with advanced features to meet the specific needs of different industries.
- Increasing research and development spending by companies to develop new and innovative ultrasonic testers
Scope Of The Report
Report Attributes
Report Details
Report Title
Ultrasonic Tester Market Research Report
By Type
Regular Tensile, High Tensile
By Application
Passenger Car Use, Commercial Vehicle Use
By Companies
Bekaert, Kiswire, Tokyo Rope Mfg, Jiangsu Xingda, Shandong Daye, Hyosung, Jiangsu Shengda, TOKUSEN KOGYO Co.,ltd, Tata Wiron, Rajratan Global Wires, Celsa Group, USTAV WOLF GmbH
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
162
Number of Tables & Figures
114
Customization Available
Yes, the report can be customized as per your need.
Global Ultrasonic Tester Market Report Segments:
The global Ultrasonic Tester market is segmented on the basis of:
Types
Regular Tensile, High Tensile
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
Passenger Car Use, Commercial Vehicle Use
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:
- Bekaert
- Kiswire
- Tokyo Rope Mfg
- Jiangsu Xingda
- Shandong Daye
- Hyosung
- Jiangsu Shengda
- TOKUSEN KOGYO Co.,ltd
- Tata Wiron
- Rajratan Global Wires
- Celsa Group
- USTAV WOLF GmbH
Highlights of The Ultrasonic Tester 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:
- Regular Tensile
- High Tensile
- By Application:
- Passenger Car Use
- Commercial Vehicle Use
- 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 Tester 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.
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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?
An ultrasonic tester is a device used to measure the thickness of materials. It uses high-frequency sound waves to create echoes that can be measured and analyzed.
Some of the major companies in the ultrasonic tester market are Bekaert, Kiswire, Tokyo Rope Mfg, Jiangsu Xingda, Shandong Daye, Hyosung, Jiangsu Shengda, TOKUSEN KOGYO Co.,ltd, Tata Wiron, Rajratan Global Wires, Celsa Group, USTAV WOLF GmbH.
The ultrasonic tester market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Ultrasonic Tester 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 Tester Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Ultrasonic Tester 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 Tester 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 Tester Market Size & Forecast, 2020-2028
4.5.1 Ultrasonic Tester Market Size and Y-o-Y Growth
4.5.2 Ultrasonic Tester Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Regular Tensile
5.2.2 High Tensile
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Passenger Car Use
6.2.2 Commercial Vehicle Use
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Ultrasonic Tester 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 Tester 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Regular Tensile
9.6.2 High Tensile
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 Market Size Forecast by Applications
9.10.1 Passenger Car Use
9.10.2 Commercial Vehicle Use
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Regular Tensile
10.6.2 High Tensile
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 Market Size Forecast by Applications
10.10.1 Passenger Car Use
10.10.2 Commercial Vehicle Use
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Regular Tensile
11.6.2 High Tensile
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 Market Size Forecast by Applications
11.10.1 Passenger Car Use
11.10.2 Commercial Vehicle Use
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Regular Tensile
12.6.2 High Tensile
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 Market Size Forecast by Applications
12.10.1 Passenger Car Use
12.10.2 Commercial Vehicle Use
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Regular Tensile
13.6.2 High Tensile
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) Market Size Forecast by Applications
13.10.1 Passenger Car Use
13.10.2 Commercial Vehicle Use
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 Tester Market: Competitive Dashboard
14.2 Global Ultrasonic Tester Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Bekaert
14.3.2 Kiswire
14.3.3 Tokyo Rope Mfg
14.3.4 Jiangsu Xingda
14.3.5 Shandong Daye
14.3.6 Hyosung
14.3.7 Jiangsu Shengda
14.3.8 TOKUSEN KOGYO Co.,ltd
14.3.9 Tata Wiron
14.3.10 Rajratan Global Wires
14.3.11 Celsa Group
14.3.12 USTAV WOLF GmbH
