Non-Destructive Testing and Inspection Market Demand, Key Players, SWOT Analysis And Forecast 2022-2027

According to the latest report by IMARC Group, titled "Non-Destructive Testing and Inspection Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", The global non-destructive testing and inspection market is expected to exhibit a CAGR of 7.4% during 2022-2027.

Non-destructive testing (NDT) is a quality assurance management tool that detects and evaluates the properties of a substance and system in a safe, reliable, and cost-effective manner. Besides this, it also provides several other benefits, including comprehensive testing, product reliability and less downtime and waste. It relies on several non-invasive inspection techniques that can be performed during or after manufacturing without affecting the integrity of the unit. As a result, it is widely utilized across multiple industries to evaluate flaws, reduce chances of failure and increase reliability. Since the quality is regulated by codes and standards that are fixed by different industries based on their requirement, there has been a considerable rise in the adoption of NDT and inspection tools.

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Global Non-Destructive Testing and Inspection Industry Demand Analysis:

The growing demand for high-quality products among the masses is driving the global market. Moreover, numerous initiatives undertaken by the governments of several countries for ensuring public safety and product quality are significantly supporting the demand for NDT and inspection tools on the global level. Along with this, continual technological advancement in sensors and the advent of the Internet of things (IoT) is propelling the market growth. With continual advancements in non-destructive testing technology, the demand for radiographic testing equipment is increasing, which is market growth favorably. Other factors, such as the growing trend of automation and robotics, increasing electricity utilization and the growing investments by leading players in extensive research and development (R&D) activities to develop cost-effective pedestal and modular NDT systems, are also influencing the market growth.

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Key Market Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players. Some of these players include Ashtead Technology Ltd., Bosello High Technology (Carl Zeiss AG), Fischer Technology Inc., Magnaflux GmbH (Illinois Tool Works Inc.), MISTRAS Group Inc., NDT Global GmbH & Co. KG (Eddyfi NDT Inc.), Nikon Metrology NV, Olympus Corporation, Sonatest NDA Limited, T.D. Williamson Inc., YXLON International GmbH (Comet Holding AG) and Zetec Inc. (Roper Technologies, Inc.).

Breakup by Technique:

• Visual Testing
• Magnetic Particle Testing
• Liquid Penetrant Testing
• Eddy-Current Testing
• Ultrasonic Testing
• Radiographic Testing
• Acoustic Emission Testing
• Others


Breakup by Method:

• Visual Inspection
• Surface Inspection
• Volumetric Inspection
• Others


Breakup by Vertical:

• Manufacturing
• Oil and Gas
• Aerospace
• Public Infrastructure
• Automotive
• Power Generation
• Others

Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

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