COVID-19 Impact Review: What to Expect from Non-Destructive Testing Industry in 2020? | Know the Challenges and Trend Analysis

The Global Non-Destructive Testing Market is expected to reach USD 11.5 billion in 2018 and is expected to reach USD 21.6 billion in 2026, growing at a CAGR of 8.2% by 2027.
The ripple effect of Coronavirus-COVID19 on the Non-Destructive Testing Market needs to become part of strategy discussions to emerge strong. The Analyst team is meticulously tracking the impact and relevance to all the sectors in the Non-Destructive Testing Market. Key data sets include Revenue Impact analysis, Disruptions and New opportunities in the Supply Chain, Revised Vendor Landscape Mix, New opportunities mapping, and more.

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Non-destructive testing (NDT) or Non-destructive evaluation (NDE) refers to techniques, which are used to detect, locate and assess defects or flaws in materials or structures or fabricated components without affecting their continued usefulness or serviceability. This important and growing industry is involved in applying these proven techniques and procedures to the full range of engineering structures.
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Worldwide Non-Destructive Testing Market inspect reports consolidate market designs nuances, genuine scene, feature assessment, cost structure, capability, bargains, net advantage, and movement and measuring of business.

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Non-Destructive Testing Market Segmentation:
Following Top Key players are profiled in this Market Study:
SGS SA (Switzerland), Bureau Veritas SA (France), Intertek Group PLC (UK), Olympus Corporation (Japan), MISTRAS Group, Inc. (US), Fujifilm Corporation (Japan), General Electric Company (US), Nikon Corporation (Japan), Yxlon International GmbH (US), and Sonatest Ltd. (UK), among others

This Non-Destructive Testing Market report analyzed by By End-use Industry: Oil & Gas, Aerospace & Defense, Manufacturing, Construction, Automotive, Others

Based on Industry Vertical, the manufacturing segment contributes a major share in the global market.
Based on Industry Vertical, the market has been segmented into oil & gas, aerospace & defense, manufacturing, construction, automotive, and others. The manufacturing segment accounted to register a remarkable share of 34% in the global market. The high demand for a range of testing methods for checking the quality of the quality is driving the segmental growth in the market. Non-destructive testing finds its application in the manufacturing of automotive and aerospace components.

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Regional Analysis:
North America
Europe
Asia Pacific
LATAM
Middle East Africa

Asia Pacific to exhibit the fastest growth in the global market throughout the forecast period
Asia Pacific is projected to witness the fastest growth rate, at a CAGR of 29%, in the global non-destructive testing market during the forecast period. This growth is mainly attributed to the rising manufacturing sector in the emerging economies of the region, such as India and China. Moreover, the presence of some of the key market players in the region, namely Olympus Corporation and Fujifilm Corporation, is another factor that significantly drives the growth of the market in Asia Pacific.

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