The global nondestructive testing equipment market is expected to grow at a CAGR of 4.5% during the forecast period, to reach USD 3.2 billion by 2030 from USD 2.6 billion in 2018. The growth of this market is driven by the increasing demand for NDT equipment in various industries such as oil & gas, energy & power, aerospace & defense, automotive & transportation and infrastructure sectors.
The global nondestructive testing equipment market is segmented on the basis of type into ultrasonic testing, radiography testing, visual inspection testing, magnetic particle testing and electromagnetic testing; on the basis of application into oil & gas industry (including upstream and downstream), energy & power industry (including nuclear power plants), aerospace & defense industry (including military aircrafts), automotive industry (including passenger cars) and infrastructure sector; and on the basis of region into North America (US, Canada), Latin America (Mexico), Europe (Germany, France) Asia Pacific excluding Japan) and Middle East Africa).
Some Of The Growth Factors Of This Market:
- The need for NDT equipment is increasing due to the increased demand for quality assurance in manufacturing.
Industry Growth Insights published a new data on “Nondestructive Testing Equipment Market”. The research report is titled “Nondestructive Testing Equipment Market research by Types (Ultrasonic Testing, Radiography Testing, Visual Inspection Testing, Magnetic Particle Testing & Electromagnetic Testing, Eddy-Current Testing, Liquid Penetrant Testing, Others (Thermography Testing, Acoustic Emission, Terahertz Imaging, and Infrared Testing)), By Applications (Oil & Gas, Energy & power, Aerospace & Defense, Automotive & transportation, Infrastructure, Others), By Players/Companies General Electric, Olympus, Fujifilm, Eddyfi, Pfinder, Nikon, Ashtead, Sonatest, Bosello High Technology, Magnaflux, Socomore and Zetec, Yxlon, Mistras”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Nondestructive Testing Equipment Market Research Report
By Type
Ultrasonic Testing, Radiography Testing, Visual Inspection Testing, Magnetic Particle Testing & Electromagnetic Testing, Eddy-Current Testing, Liquid Penetrant Testing, Others (Thermography Testing, Acoustic Emission, Terahertz Imaging, and Infrared Testing)
By Application
Oil & Gas, Energy & power, Aerospace & Defense, Automotive & transportation, Infrastructure, Others
By Companies
General Electric, Olympus, Fujifilm, Eddyfi, Pfinder, Nikon, Ashtead, Sonatest, Bosello High Technology, Magnaflux, Socomore and Zetec, Yxlon, Mistras
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
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Nondestructive Testing Equipment Market Report Segments:
The global Nondestructive Testing Equipment market is segmented on the basis of:
Types
Ultrasonic Testing, Radiography Testing, Visual Inspection Testing, Magnetic Particle Testing & Electromagnetic Testing, Eddy-Current Testing, Liquid Penetrant Testing, Others (Thermography Testing, Acoustic Emission, Terahertz Imaging, and Infrared Testing)
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, Energy & power, Aerospace & Defense, Automotive & transportation, Infrastructure, 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
- Fujifilm
- Eddyfi
- Pfinder
- Nikon
- Ashtead
- Sonatest
- Bosello High Technology
- Magnaflux
- Socomore and Zetec
- Yxlon
- Mistras
Highlights of The Nondestructive 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:
- Ultrasonic Testing
- Radiography Testing
- Visual Inspection Testing
- Magnetic Particle Testing & Electromagnetic Testing
- Eddy-Current Testing
- Liquid Penetrant Testing
- Others (Thermography Testing, Acoustic Emission, Terahertz Imaging, and Infrared Testing)
- By Application:
- Oil & Gas
- Energy & power
- Aerospace & Defense
- Automotive & transportation
- Infrastructure
- 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 Nondestructive 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
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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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?
Nondestructive testing equipment is a type of testing equipment used to inspect and test materials without causing damage.
Some of the major companies in the nondestructive testing equipment market are General Electric, Olympus, Fujifilm, Eddyfi, Pfinder, Nikon, Ashtead, Sonatest, Bosello High Technology, Magnaflux, Socomore and Zetec, Yxlon, Mistras.
The nondestructive testing equipment market is expected to grow at a compound annual growth rate of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Nondestructive Testing Equipment 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. Nondestructive Testing Equipment Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Nondestructive Testing Equipment Market - Supply Chain
4.5. Global Nondestructive Testing Equipment Market Forecast
4.5.1. Nondestructive Testing Equipment Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Nondestructive Testing Equipment Market Size (000 Units) and Y-o-Y Growth
4.5.3. Nondestructive Testing Equipment Market Absolute $ Opportunity
5. Global Nondestructive Testing Equipment 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. Nondestructive Testing Equipment Market Size and Volume Forecast by Type
5.3.1. Ultrasonic Testing
5.3.2. Radiography Testing
5.3.3. Visual Inspection Testing
5.3.4. Magnetic Particle Testing & Electromagnetic Testing
5.3.5. Eddy-Current Testing
5.3.6. Liquid Penetrant Testing
5.3.7. Others (Thermography Testing, Acoustic Emission, Terahertz Imaging, and Infrared Testing)
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Nondestructive Testing Equipment 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. Nondestructive Testing Equipment Market Size and Volume Forecast by Application
6.3.1. Oil & Gas
6.3.2. Energy & power
6.3.3. Aerospace & Defense
6.3.4. Automotive & transportation
6.3.5. Infrastructure
6.3.6. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Nondestructive Testing Equipment 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. Nondestructive Testing Equipment 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 Nondestructive Testing Equipment 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. Nondestructive Testing Equipment 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 Nondestructive Testing Equipment Demand Share Forecast, 2019-2026
9. North America Nondestructive Testing Equipment 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 Nondestructive Testing Equipment 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 Nondestructive Testing Equipment Market Size and Volume Forecast by Application
9.4.1. Oil & Gas
9.4.2. Energy & power
9.4.3. Aerospace & Defense
9.4.4. Automotive & transportation
9.4.5. Infrastructure
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 Nondestructive Testing Equipment Market Size and Volume Forecast by Type
9.7.1. Ultrasonic Testing
9.7.2. Radiography Testing
9.7.3. Visual Inspection Testing
9.7.4. Magnetic Particle Testing & Electromagnetic Testing
9.7.5. Eddy-Current Testing
9.7.6. Liquid Penetrant Testing
9.7.7. Others (Thermography Testing, Acoustic Emission, Terahertz Imaging, and Infrared Testing)
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 Nondestructive Testing Equipment Demand Share Forecast, 2019-2026
10. Latin America Nondestructive Testing Equipment 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 Nondestructive Testing Equipment 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 Nondestructive Testing Equipment Market Size and Volume Forecast by Application
10.4.1. Oil & Gas
10.4.2. Energy & power
10.4.3. Aerospace & Defense
10.4.4. Automotive & transportation
10.4.5. Infrastructure
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 Nondestructive Testing Equipment Market Size and Volume Forecast by Type
10.7.1. Ultrasonic Testing
10.7.2. Radiography Testing
10.7.3. Visual Inspection Testing
10.7.4. Magnetic Particle Testing & Electromagnetic Testing
10.7.5. Eddy-Current Testing
10.7.6. Liquid Penetrant Testing
10.7.7. Others (Thermography Testing, Acoustic Emission, Terahertz Imaging, and Infrared Testing)
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 Nondestructive Testing Equipment Demand Share Forecast, 2019-2026
11. Europe Nondestructive Testing Equipment 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 Nondestructive Testing Equipment 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 Nondestructive Testing Equipment Market Size and Volume Forecast by Application
11.4.1. Oil & Gas
11.4.2. Energy & power
11.4.3. Aerospace & Defense
11.4.4. Automotive & transportation
11.4.5. Infrastructure
11.4.6. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Nondestructive Testing Equipment Market Size and Volume Forecast by Type
11.7.1. Ultrasonic Testing
11.7.2. Radiography Testing
11.7.3. Visual Inspection Testing
11.7.4. Magnetic Particle Testing & Electromagnetic Testing
11.7.5. Eddy-Current Testing
11.7.6. Liquid Penetrant Testing
11.7.7. Others (Thermography Testing, Acoustic Emission, Terahertz Imaging, and Infrared Testing)
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 Nondestructive Testing Equipment Demand Share, 2019-2026
12. Asia Pacific Nondestructive Testing Equipment 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 Nondestructive Testing Equipment 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 Nondestructive Testing Equipment Market Size and Volume Forecast by Application
12.4.1. Oil & Gas
12.4.2. Energy & power
12.4.3. Aerospace & Defense
12.4.4. Automotive & transportation
12.4.5. Infrastructure
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 Nondestructive Testing Equipment Market Size and Volume Forecast by Type
12.7.1. Ultrasonic Testing
12.7.2. Radiography Testing
12.7.3. Visual Inspection Testing
12.7.4. Magnetic Particle Testing & Electromagnetic Testing
12.7.5. Eddy-Current Testing
12.7.6. Liquid Penetrant Testing
12.7.7. Others (Thermography Testing, Acoustic Emission, Terahertz Imaging, and Infrared Testing)
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 Nondestructive Testing Equipment Demand Share, 2019-2026
13. Middle East & Africa Nondestructive Testing Equipment 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 Nondestructive Testing Equipment 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 Nondestructive Testing Equipment Market Size and Volume Forecast by Application
13.4.1. Oil & Gas
13.4.2. Energy & power
13.4.3. Aerospace & Defense
13.4.4. Automotive & transportation
13.4.5. Infrastructure
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 Nondestructive Testing Equipment Market Size and Volume Forecast by Type
13.7.1. Ultrasonic Testing
13.7.2. Radiography Testing
13.7.3. Visual Inspection Testing
13.7.4. Magnetic Particle Testing & Electromagnetic Testing
13.7.5. Eddy-Current Testing
13.7.6. Liquid Penetrant Testing
13.7.7. Others (Thermography Testing, Acoustic Emission, Terahertz Imaging, and Infrared Testing)
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 Nondestructive Testing Equipment Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Nondestructive Testing Equipment Market: Market Share Analysis
14.2. Nondestructive Testing Equipment Distributors and Customers
14.3. Nondestructive Testing Equipment 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
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Fujifilm
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Eddyfi
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Pfinder
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Nikon
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Ashtead
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. Bosello High Technology
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Magnaflux
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Socomore and Zetec
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Yxlon
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Mistras
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
