openPR Logo
Press release

Global Non-Destructive Testing Market || in Aerospace and Defence worth US$ 2.8 Billion in 2020

02-11-2020 07:53 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Prophecy Market Insights

Prophecy Market Insights

Prophecy Market Insights

The report "Global Non-Destructive Testing Market In Aerospace and Defence, By Type (Service and Equipment), By Technology (Radiography Testing and Ultrasonic Testing, Magnetic Particle Testing and Electromagnetic Testing, Liquid Penetrant Testing, Visual Inspection, and Eddy Current), and Region - Global Forecast to 2030" Global non-destructive testing market in aerospace and defence grow up to the US $ 2.8 billion in 2020. The rise in investment in the aerospace and defence by the government is the major propelling factor for the growth of the global market. Additionally, the increasing complexity of the infrastructure and machine to rise in scale and capability of industrial machines and infrastructure is another driving factor for the growth of the target market. Nevertheless, the growing need for advanced non- destructive testing solution can create an opportunity for the growth of the global market.

Key Highlights:

In 2017, Mistras Group acquired West Penn Non- Destructive Testing LLC to provide the wide variety of the non- destructive testing services at the in- house facilities which focused on aerospace customers.
Key Market Insights from the report:

The global non-destructive testing market in aerospace and defence accounted for US $2.8 billion in 2020 and is projected to register a moderate CAGR of 10.60% over the forecast period. The market report has been segmented based on type, technology, and region.

By type, The Equipment is the dominating segment in the target market due to equipment provides more safety and support to the automation
By technology, Radiography testing is the dominating segment due to it enable product reliability, providing the information to prevent accidents and save a life
By region, the market in the North America region is blooming the target market because North America is the leader in the aerospace and defence sector.
Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on " Global Non-Destructive Testing Market In Aerospace and Defence", By Type (Service and Equipment), By Technology (Radiography Testing and Ultrasonic Testing, Magnetic Particle Testing and Electromagnetic Testing, Liquid Penetrant Testing, Visual Inspection, and Eddy Current), and by Region - global forecast till 2030

To know the upcoming trends and insights prevalent in this market, click the link below:

Links:https://prophecymarketinsights.com/market_insight/Global-Nondestructive-Testing-Market-in-4057

The prominent player operating in the global non-destructive testing market in aerospace and defence includes Mistras Group, Fujifilm NDT Systems, GE Measurement and Control, Magnaflux Corporation, Nikon Metrology, Inc., Olympus Corporation, SGS Group, Intertek Group PLC, Applus Services, S.A., Yxlon International GmbH

About Prophecy Market Insights

Prophecy Market Insights is specialized market research, analytics, marketing/business strategy, and solutions that offers strategic and tactical support to clients for making well-informed business decisions and to identify and achieve high-value opportunities in the target business area. We also help our clients to address business challenges and provide the best possible solutions to overcome them and transform their business.

Contact Us:

Sales

Prophecy Market Insights

Email- sales@prophecymarketinsights.com

Prophecy is a specialized market research, analytics, marketing and business strategy, and solutions company that offer strategic and tactical support to clients for making well-informed business decisions and to identify and achieve high value opportunities in the target business area. Also, we help our client to address business challenges and provide best possible solutions to overcome them and transform their business.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Global Non-Destructive Testing Market || in Aerospace and Defence worth US$ 2.8 Billion in 2020 here

News-ID: 1926700 • Views:

More Releases from Prophecy Market Insights

Floating Power Plant Market: Powering the Future of Renewable Energy
Floating Power Plant Market: Powering the Future of Renewable Energy
Introduction The Floating Power Plant Market is rapidly emerging as a transformative solution to the world's growing energy needs. With increasing global demand for sustainable, flexible, and decentralized power generation, floating power plants (FPPs) are gaining traction as they can be deployed in offshore waters, lakes, and reservoirs. These plants integrate renewable energy sources like wind, solar, and wave energy with conventional power systems, providing a reliable energy mix. Driven by rising
AI-Enabled Kitchen Appliances Market: Driving the Future of Smart Living
AI-Enabled Kitchen Appliances Market: Driving the Future of Smart Living
Introduction The AI-Enabled Kitchen Appliances Market is experiencing unprecedented growth as artificial intelligence becomes a core component of modern homes. With the rise of smart homes, connected devices, and consumer demand for convenience, AI-driven appliances are redefining the way people cook, store, and manage food. From refrigerators that track expiry dates to ovens that auto-adjust based on recipes, these innovations are revolutionizing kitchens worldwide. Industry forecasts suggest that the market will witness
Europe Dominates 2024 Residential Energy Storage Market, Poised for 9.5% CAGR Growth
Europe Dominates 2024 Residential Energy Storage Market, Poised for 9.5% CAGR Gr …
The Residential Energy Storage Market is witnessing strong momentum, expected to grow from USD 2.8 billion in 2024 to USD 6.8 billion by 2035, expanding at a robust CAGR of 9.5% (2025-2030). Europe led the global market in 2024 owing to its significant investments in renewable energy integration, supportive government policies, and growing demand for energy independence. Unlock the full potential of the Residential Energy Storage Market with in-depth insights, market
Commercial Refrigeration Equipment - A Cornerstone for Food Quality and Sustainability, Market to Reach USD 71.8 Billion by 2035
Commercial Refrigeration Equipment - A Cornerstone for Food Quality and Sustaina …
The Commercial Refrigeration Equipment Market is set for significant expansion, growing from USD 43.0 billion in 2024 to USD 71.8 billion by 2035, progressing at a CAGR of 5.3% (2025-2035). The Asia Pacific region held the largest share in 2024 and continues to dominate due to rising demand for advanced refrigeration solutions across retail, foodservice, and cold-chain logistics. Gain in-depth insights into the Commercial Refrigeration Equipment Market, including regional forecasts, emerging

All 5 Releases


More Releases for Testing

Global Testing Market Size - By Product Type(Terpene Profiling Testing,Heavy Met …
Market Overview and Report Coverage testing refers to the scientific analysis and evaluation of products to ensure their safety, potency, and compliance with regulatory standards. This process typically involves testing for profiles, contaminants, pesticides, heavy metals, and microbial residues. As becomes increasingly legalized for medicinal and recreational use across various regions, the demand for reliable testing services is growing, ensuring consumers receive high-quality
Sterility Testing Market, Sterility Testing Market Analysis, Sterility Testing M …
"According to the research report, the global synthetic biology market was valued at USD 13.07 billion in 2022 and is expected to reach USD 71.51 billion by 2032, to grow at a CAGR of 18.5% during the forecast period." Request Our Free Sample Report for Synthetic Biology Market Insights and Emerging Trends @ https://www.polarismarketresearch.com/industry-analysis/synthetic-biology-market/request-for-sample Report Overview Polaris Market Research, a leading global market research and consulting company, has recently published its latest report
Hemato Oncology Testing Market Global Hemato Oncology Testing Market, Hemato Onc …
Global Hemato Oncology Testing Market Research report is an in-depth study of the market Analysis. Along with the most recent patterns and figures that uncovers a wide examination of the market offer. This report provides exhaustive coverage on geographical segmentation, latest demand scope, growth rate analysis with industry revenue and CAGR status. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study
Test Automation Market | latest automation testing tools, automation testing too …
Market Research Reports Search Engine (MRRSE) has been serving as an active source to cater intelligent research report to enlighten both readers and investors. This research study titled “Test Automation Market “ The “Test Automation Market” report provides analysis of the global test automation market for the period 2015–2025, wherein the years from 2017 to 2025 is the forecast period and 2016 is considered as the base year. The report precisely
Molecular Diagnostics Market Application On Infectious Disease Testing, Cardiova …
Worldwide Market Reports recently released “Global Molecular Diagnostics Market Research Report 2017” that centers around the latest developing trends and technologies in the Molecular Diagnostics Market having Five Years of forecast period from 2017 to 2022 and considering Market status study from 2017 to 2022. During the research, noteworthy data was collected in order to shape the research document and make it a valuable resource for managers, industry executives and other
Test Automation Market Quadruples by 2023; with a ~ 15.34 % of Whooping CAGR | C …
New Market Research Reports Title "Test Automation Market 2018" Has Been Added to Crystal Market Research Report database. Test Automation Market - Competitive Insights: The leading players in the market are Cognizant Corporation, IBM, Hewlett-Packard, Capgemini, Tata Consultancy Services and Infosys. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry. The Test