Flaw detectors Market 2021 by Investment Feasibility, Sales, Production and Company Introduction | expected to grow at a CAGR of 3.2% and is anticipated to reach around USD 350 million by 2025
The global flaw detectors market in 2020 was approximately USD 285 million. The market is expected to grow at a CAGR of 3.2% and is anticipated to reach around USD 350 million by 2025. The market for flaw detectors/testers is projected to grow rapidly, which is driven primarily by significant infrastructure advancements and automation in manufacturing processes in nations such as India and China.
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Few other factors which are driving the growth of flaw detectors/testers market include the development of portable phased array ultrasonic testing equipment, requirement for a reliable non-destructive testing technique for fiberglass and carbon fiber composites in manufacturing, growth in ultrasonic testing services market, and government mandates. However, the factors such as dearth of well-trained operators will hamper the market growth.
The market for flaw detectors is intensely competitive and is highly fragmented. The vendors in the flaw detectors market compete based on product portfolio, product differentiation, applications, and the pricing of products. The rise in technological innovations in designing the products for better quality, ease of use and better performance is expected to continue to intensify the level of competition among the companies to expand their product portfolios by incorporating innovative features, into their products. Eddyfi Technologies launched new M2M Mantis™, PAUT flaw detector with TFM.
The key players in the market are Olympus, Sonatest, GE, MODSONIC, Magnetic Analysis Corporation, Danatronics, Acoustic Control Systems, HUATEC Group, Oceanscan, Australian NDT Sales, ROOP TELSONIC ULTRASONIX, Silverwing, OKO Association, RDM, Vibronics and Others.
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Based On The Type, The Global Flaw Detectors Market Segmented Into
Magnetic Flaw Detectors
Ultrasonic Flaw Detector
Based On The Of Application, The Global Flaw Detectors Market Segmented Into
Boiler and Pressure Vessel
Based On The Region, The Global Flaw Detectors Market Segmented Into
Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America [United States, Canada, Mexico]
Middle East & Africa [GCC, North Africa, South Africa]
South America [Brazil, Argentina, Columbia, Chile, Peru]
The Global Flaw Detectors Market-Company Profile Analysis
Magnetic Analysis Corporation
Acoustic Control Systems
Australian NDT Sales
ROOP TELSONIC ULTRASONIX
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