Press release
Non-destructive testing in Aerospace and Defense market is expected grow at a CAGR of nearly 10.43% during 2018 – 2023| Major Vendors- FUJIFILM NDT SYSTEMS, GE MEASUREMENT AND CONTROL, MAGNAFLUX CORPORATION, FLIR SYSTEMS, INC., amongst others.
North America to Dominate the MarketNorth America holds a large market amongst others and is expected to do the same in forecasted year. This market is shifting towards Asia Pacific, where China is expected to be a market leader by 2035. Due to growing regional tensions in the Middle East, North Korea, and the South China Sea, the demand for defense products is growing, which may lead to an increase in defense budgets.
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The ultrasonic testing segment in the aerospace industry is expected to grow at a high pace, owing to its usage in sub-surface inspection method. In the aerospace & defense sector, the common sub-surface inspection technique is an ultrasonic testing to locate voids, cracks, and laminations, as well as to inspect welds and measure thickness Growing Passenger travel in airlines due to low prices, is a major factor driving the NDT Market in A&D.
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Market Segments:
Non-destructive testing in Aerospace and Defense market is segmented by:
1. Technology: Radiography Testing, Ultrasonic Testing, Magnetic Particle Testing and Electromagnetic Testing, Liquid Penetrant Testing, Visual Inspection, Eddy Current
2. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa
Key Recent Developments
• November 2017: Olympus Corporation partnered with Librestream and started offering Librestream’s Onsite platform to provide additional functionality to its product portfolio.
• November 2017: Applus advanced its capabilities of the industrial grade UAV drone systems, by acquiring a new state-of-the-art UAV-based LiDAR scanner.
• August 2016: Mistras entered a strategic partnership with Safran Aircraft Engines, a Safran Group company, for ten years. It will serve as the primary provider of nondestructive (NDT) and destructive testing (DT) services for the company.
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