Press release
What's Driving the NDT Service Market Trends? | Applus+, DEKRA, Mistras Group, Inc., NDT Global, NIKON METROLOGY, SGS, TEAM, Inc., TUV Nord, TÜV Rheinland Group, TÜV SÜD
NDT Service Market
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When it comes to the types of technology being used in the non-destructive testing services, it is imperative to note that this industry has been proactive in its adoption of modern technologies such as artificial intelligence and Internet of Things (IoT). This technological integration has assisted NDT service market to make inroads in numerous business verticals such as aerospace and energy.
Company profiled in NDT service market report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
o Applus+
o DEKRA
o Mistras Group, Inc.
o NDT Global
o NIKON METROLOGY
o SGS
o TEAM, Inc.
o TUV Nord
o TÜV Rheinland Group
o TÜV SÜD
Speaking of the growth of the NDT service market in geographical terms, Europe held more than 30 percent of the revenue share of this business vertical in the year 2018. Presence of numerous well-known companies such as Bureau Veritas, SGS, and Intertek in the region has been a crucial factor in reaching out to a large customer base. In addition to this, stringent regulatory guidelines - rolled out by European Union along with various local governments - mandating the usage of NDT services to ensure product and employee safety has assisted the industry players to reach high potential growth areas.
Elaborating further on the leading position of Europe, it has also helped that the region's aviation sector is on a roll with a clearance of a massive backlog of aircraft orders being concluded recently. To put things in perspective, prominent aircraft manufacturers such as Airbus and Boeing have a record backlog of more than 12,000 new aircraft that are to be manufactured by the year 2025, creating humongous growth opportunities for the Europe NDT service market in the forthcoming years.
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Considering the humble beginnings of the NDT service industry, it is prudent to mention that drastic enhancements over the years have increased the usage of these services across numerous applications. This growth trajectory of the NDT service market is certain to continue in the coming years, which claims that this business vertical would surpass a decent remuneration scale of about USD 4.5 billion by 2025.
Some Points From Table Of Content: -
Chapter 4. Competitive Landscape, 2018
4.1. Introduction
4.2. Company market share, 2018
4.3. Merger & acquisition landscape
4.4. Competive analysis of major market players, 2018
4.4.1. ALS
4.4.2. Applus
4.4.3. Bureau Veritas
4.4.4. Dekra
4.4.5. Intertek
4.4.6. Mistras
4.4.7. NDT Global
4.4.8. Nikon Metrology
4.4.9. SGS
4.5. Other prominnet vendors
Chapter 5. Global NDT Service Market, By Method
5.1. Key trends, by method
5.2. Volumetic inspection
5.2.1. Market estimates and forecast, 2014 - 2025
5.3. Surface inspection
5.3.1. Market estimates and forecast, 2014 - 2025
5.4. Visual inspection
5.4.1. Market estimates and forecast, 2013-2024
Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/non-destructive-testing-ndt-service-market
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