Market Overview:
The global non-destructive testing (NDT) instruments market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for NDT inspection services from various end-use industries, such as aerospace & defense, automotive, oil & gas, infrastructure and power generation. In addition, the growing awareness about safety and quality among consumers is also propelling the growth of this market. Based on type, ultrasonic test equipment held a major share of the global NDT instruments market in 2017. This can be attributed to its ability to detect discontinuities and flaws in materials with high accuracy. Magnetic particle test equipment is another key type of NDT instrument that is widely used for inspecting ferromagnetic materials for surface or subsurface defects. Based on application, aerospace & defense industry held a dominant share of the global NDT instruments market in 2017 owing to stringent safety regulations imposed by regulatory authorities across different countries worldwide.
Product Definition:
Non-destructive testing (NDT) is a process of inspecting, testing, or evaluating materials or components without causing damage. NDT is used in a variety of industries such as aerospace, automotive and petrochemical. Common NDT methods include ultrasonic testing, radiographic inspection, magnetic particle inspection and liquid penetrant inspection.
Ultrasonic Test Equipment:
Ultrasonic test equipment is used for testing the mechanical strength of materials by generating ultrasonic waves and observing the vibrations in them. Ultrasonic test equipment finds applications in various industries such as automotive, aerospace & defense, energy & power, etc. The growth factor responsible for the growth of this market is increasing demand from end-user industries due to technological advancements coupled with rising awareness about ultrasonography across healthcare industry.
Magnetic Particle Test Equipment:
Magnetic particle test equipment is used to measure the strength of magnetic particles in a sample. It is also used as a control instrument in non-destructive testing instruments market. The global magnetic particle test equipment and it's usage in non-destructive testing instruments market size was valued at USD 1,052.1 million in 2016 and is expected to grow at a CAGR of XX% from 2017 to 2022.
Application Insights:
The application segment is segregated into seven sub-segments, namely aerospace & defense industry, automotive industry, oil & gas industry, infrastructure industry, power generation industry Other industries. In 2017 the aerospace and defense sector dominated the market for non-destructive testing instruments with a share of over 40% in terms of revenue. The growth can be attributed to increasing investments in research and development activities by major players such as GE Aviation and Honeywell International Inc., along with government initiatives encouraging adoption of advanced technologies for aircraft manufacturing.
Non-destructive testing helps analyze components that are embedded or integrated within an assembly to ensure they perform as expected. It also helps detect corrosion caused by metal fatigue or stress corrosion cracking before it becomes severe enough to cause failure during flight operations or impact safety integrity of structural components installed on aircrafts/aircraft carriers/helicopters etcetera.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region over the forecast period. The growth can be attributed to increasing demand for non-destructive testing instruments in countries such as China, India, and Japan. In addition, rising investments by various governments in infrastructure development are also anticipated to drive the market growth over the coming years.
The oil & gas industry is one of the major industries that use NDT equipment in North America owing to its high importance across numerous applications and industries worldwide.
Growth Factors:
- Increasing demand for non-destructive testing from the automotive and aerospace industries due to the increasing safety concerns.
- Growing awareness about the benefits of non-destructive testing among end users, which is expected to boost the demand for NDT instruments over the forecast period.
- Technological advancements in NDT instruments that are helping reduce inspection time and improve accuracy of results is expected to drive market growth over the forecast period.
- Rising demand for quality control and safety inspections in manufacturing facilities is also anticipated to fuel market growth over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Non-Destructive Testing Instruments Market Research Report
By Type
Ultrasonic Test Equipment, Magnetic Particle Test Equipment, Visual Inspection Equipment, Radiography Test Equipment, Penetrant Test Equipment, Others
By Application
Aerospace & Defense Industry, Automotive Industry, Oil & Gas Industry, Infrastructure Industry, Power Generation Industry, Others
By Companies
General Electric, Olympus Corporation, Mistras, Nikon, Magnaflux, YXLON, Fujifilm, Sonatest, Zetec, Inc, Bosello High Technology srl, Union
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
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Non-Destructive Testing Instruments Market Report Segments:
The global Non-Destructive Testing Instruments market is segmented on the basis of:
Types
Ultrasonic Test Equipment, Magnetic Particle Test Equipment, Visual Inspection Equipment, Radiography Test Equipment, Penetrant Test Equipment, Others
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
Aerospace & Defense Industry, Automotive Industry, Oil & Gas Industry, Infrastructure Industry, Power Generation Industry, Others
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
- Olympus Corporation
- Mistras
- Nikon
- Magnaflux
- YXLON
- Fujifilm
- Sonatest
- Zetec, Inc
- Bosello High Technology srl
- Union
Highlights of The Non-Destructive Testing Instruments 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:
- Ultrasonic Test Equipment
- Magnetic Particle Test Equipment
- Visual Inspection Equipment
- Radiography Test Equipment
- Penetrant Test Equipment
- Others
- By Application:
- Aerospace & Defense Industry
- Automotive Industry
- Oil & Gas Industry
- Infrastructure Industry
- Power Generation Industry
- Others
- 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 Instruments 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?
Non-destructive testing instruments are used to test the integrity of materials without causing any damage. This type of testing is often used in manufacturing and construction industries to check for defects or flaws in products.
Some of the key players operating in the non-destructive testing instruments market are General Electric, Olympus Corporation, Mistras, Nikon, Magnaflux, YXLON, Fujifilm, Sonatest, Zetec, Inc, Bosello High Technology srl, Union.
The non-destructive testing instruments market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Non-Destructive Testing Instruments Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Non-Destructive Testing Instruments Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Non-Destructive Testing Instruments Market - Supply Chain
4.5. Global Non-Destructive Testing Instruments Market Forecast
4.5.1. Non-Destructive Testing Instruments Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Non-Destructive Testing Instruments Market Size (000 Units) and Y-o-Y Growth
4.5.3. Non-Destructive Testing Instruments Market Absolute $ Opportunity
5. Global Non-Destructive Testing Instruments Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Non-Destructive Testing Instruments Market Size and Volume Forecast by Type
5.3.1. Ultrasonic Test Equipment
5.3.2. Magnetic Particle Test Equipment
5.3.3. Visual Inspection Equipment
5.3.4. Radiography Test Equipment
5.3.5. Penetrant Test Equipment
5.3.6. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Non-Destructive Testing Instruments Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Non-Destructive Testing Instruments Market Size and Volume Forecast by Application
6.3.1. Aerospace & Defense Industry
6.3.2. Automotive Industry
6.3.3. Oil & Gas Industry
6.3.4. Infrastructure Industry
6.3.5. Power Generation Industry
6.3.6. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Non-Destructive Testing Instruments Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Non-Destructive Testing Instruments Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Non-Destructive Testing Instruments Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Non-Destructive Testing Instruments Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Non-Destructive Testing Instruments Demand Share Forecast, 2019-2029
9. North America Non-Destructive Testing Instruments Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Non-Destructive Testing Instruments Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Non-Destructive Testing Instruments Market Size and Volume Forecast by Application
9.4.1. Aerospace & Defense Industry
9.4.2. Automotive Industry
9.4.3. Oil & Gas Industry
9.4.4. Infrastructure Industry
9.4.5. Power Generation Industry
9.4.6. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Non-Destructive Testing Instruments Market Size and Volume Forecast by Type
9.7.1. Ultrasonic Test Equipment
9.7.2. Magnetic Particle Test Equipment
9.7.3. Visual Inspection Equipment
9.7.4. Radiography Test Equipment
9.7.5. Penetrant Test Equipment
9.7.6. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Non-Destructive Testing Instruments Demand Share Forecast, 2019-2029
10. Latin America Non-Destructive Testing Instruments Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Non-Destructive Testing Instruments Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Non-Destructive Testing Instruments Market Size and Volume Forecast by Application
10.4.1. Aerospace & Defense Industry
10.4.2. Automotive Industry
10.4.3. Oil & Gas Industry
10.4.4. Infrastructure Industry
10.4.5. Power Generation Industry
10.4.6. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Non-Destructive Testing Instruments Market Size and Volume Forecast by Type
10.7.1. Ultrasonic Test Equipment
10.7.2. Magnetic Particle Test Equipment
10.7.3. Visual Inspection Equipment
10.7.4. Radiography Test Equipment
10.7.5. Penetrant Test Equipment
10.7.6. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Non-Destructive Testing Instruments Demand Share Forecast, 2019-2029
11. Europe Non-Destructive Testing Instruments Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Non-Destructive Testing Instruments Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Non-Destructive Testing Instruments Market Size and Volume Forecast by Application
11.4.1. Aerospace & Defense Industry
11.4.2. Automotive Industry
11.4.3. Oil & Gas Industry
11.4.4. Infrastructure Industry
11.4.5. Power Generation Industry
11.4.6. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
117. Europe Non-Destructive Testing Instruments Market Size and Volume Forecast by Type
11.7.1. Ultrasonic Test Equipment
11.7.2. Magnetic Particle Test Equipment
11.7.3. Visual Inspection Equipment
11.7.4. Radiography Test Equipment
11.7.5. Penetrant Test Equipment
11.7.6. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Non-Destructive Testing Instruments Demand Share, 2019-2029
12. Asia Pacific Non-Destructive Testing Instruments Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Non-Destructive Testing Instruments Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Non-Destructive Testing Instruments Market Size and Volume Forecast by Application
12.4.1. Aerospace & Defense Industry
12.4.2. Automotive Industry
12.4.3. Oil & Gas Industry
12.4.4. Infrastructure Industry
12.4.5. Power Generation Industry
12.4.6. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Non-Destructive Testing Instruments Market Size and Volume Forecast by Type
12.7.1. Ultrasonic Test Equipment
12.7.2. Magnetic Particle Test Equipment
12.7.3. Visual Inspection Equipment
12.7.4. Radiography Test Equipment
12.7.5. Penetrant Test Equipment
12.7.6. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Non-Destructive Testing Instruments Demand Share, 2019-2029
13. Middle East & Africa Non-Destructive Testing Instruments Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Non-Destructive Testing Instruments Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Non-Destructive Testing Instruments Market Size and Volume Forecast by Application
13.4.1. Aerospace & Defense Industry
13.4.2. Automotive Industry
13.4.3. Oil & Gas Industry
13.4.4. Infrastructure Industry
13.4.5. Power Generation Industry
13.4.6. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Non-Destructive Testing Instruments Market Size and Volume Forecast by Type
13.7.1. Ultrasonic Test Equipment
13.7.2. Magnetic Particle Test Equipment
13.7.3. Visual Inspection Equipment
13.7.4. Radiography Test Equipment
13.7.5. Penetrant Test Equipment
13.7.6. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Non-Destructive Testing Instruments Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Non-Destructive Testing Instruments Market: Market Share Analysis
14.2. Non-Destructive Testing Instruments Distributors and Customers
14.3. Non-Destructive Testing Instruments Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. General Electric
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Olympus Corporation
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Mistras
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Nikon
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Magnaflux
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. YXLON
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Fujifilm
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Sonatest
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Zetec, Inc
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Bosello High Technology srl
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Union
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
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