Non-Destructive Testing Market Forecast to Grow at 7.60% CAGR from 2024 to 2031 | SkyQuest Technology

Non-Destructive Testing (NDT) Market Size, Share, Growth Analysis, By Technique (NDT, Radiographic Testing), By Offering (Services, Equipment), By Vertical (Manufacturing, Public Infrastructure), By Region - Industry Forecast 2024-2031
Non-Destructive Testing Market [https://www.skyquestt.com/report/non-destructive-testing-market] size was valued at USD 16.80 billion in 2022, and is poised to grow from USD 18.08 billion in 2023 to USD 32.48 billion by 2031, growing at a CAGR of 7.60% over the forecast period (2024-20231).

The increasing manufacturing activities across the emerging and emerged economies is driving the non-destructive testing market. The rising technological advancements have enabled the development of advanced non-destructive testing procedure with enhanced safety and accurate fault detection. Furthermore, the growing awareness among the manufacturers about the usage of non-destructive testing (NDT) is also enhancing the incorporation of NDT techniques in various processes. The usage of NDT methods in projects enables faster completion owing to the initial identification of faults in complex areas and irregular surfaces. This minimization of failures in projects that can led to fatality is massively driving the non-destructive testing market. Furthermore, the efficiency of fault detection and smoothness of operations are also increasing with innovative technology ultrasonic equipment compared to the other NDT machine, is positively influencing the adoption of ultrasonic testing method. The advancements and easy usage of ultrasonic technology is further progressing the testing procedure. Various advanced technologies like ultrasound, radiography, and magnetic particle testing are allowing non-invasive inspections, driving the market further. The NDT market provides its services to a wide range of sectors like aerospace, construction, manufacturing, and medical. It ensures safety, quality control, and regulatory compliance of these industries. With growing focus on safety and quality assurance, the NDT market is constantly witnessing a steady growth, boosted by technological developments and strict industry standards.

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Top Players in the Global Non-Destructive Testing Market

* Fujifilm Holdings Corporation
* Mistras Group, Inc.
* Zetec Inc.
* Ashtead Technology Ltd.
* Nikon Corporation
* Eddyfi Technologies Inc.
* Sonatest Ltd.
* Magnetic Analysis Corporation
* Yxlon International GmbH
* Comet Group
* Fischer Technology Inc.
* T.D. Williamson, Inc.
* ZK Inspection Group Co., Ltd.
* Bureau Veritas S.A.
* Intertek Group plc
* MFE Enterprises, Inc.
* Acuren Inspection, Inc.
* NDT Global GmbH & Co. KG

Rising Technological Advancement to Increase Ability to Access Hazardous Areas to Propel Market Growth

Latest technological developments like portable and handheld NDT devices and drones are immensely boosting the market growth. The portable and handheld NDT devices are compact tools that offers flexibility, ease of usage, and mobility during various inspection situations like field inspection or remote locations. Portable devices allow technicians to perform inspection rapidly and efficiently, without the necessity of large, stationary equipment. During drone inspection the technicians utilize unmanned aerial vehicles (UAVs) that are embedded with cameras and sensors for performing NDT inspections. With developments in drone technology, inspectors are extensively using the as remote visual inspection (RVI) tools. This mitigates the requirement for manual collection of visual data in certain cases where it might not be possible or risky for humans to go. Furthermore, there are many benefits of drones like capability to access difficult-to-reach areas, capture high-resolution images, and collect data from elevated or risky locations.

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Segments covered

Technique

Traditional NDT Method (Visual Testing, Magnetic Particle Testing, Liquid Penetrant Testing, Eddy Current Testing, Ultrasonic Testing, Radiographic Testing), Digital/Advanced NDT Method (Digital Radiography (DR), Phased Array Ultrasonic Testing (PAUT), Pulsed Eddy Current (PEC), Time-Of-Flight Diffraction (TOFD), Alternating Current Field Measurement (ACFM), Automat)

Offering

Services (Inspection Services, Support and Maintenance Services, Training Services, Others), Equipment

Vertical

Manufacturing, Oil & Gas (Upstream, Midstream, Downstream), Aerospace, Public Infrastructure, Automotive, Power Generation, Others

Emergence of New Materials to Drive Efficiency and Speed of Inspection

One of the latest trends in the NDT market is the advent of new materials. In recent times, manufacturers have started experimenting with new types of materials in their manufacturing procedure to fulfil the changing needs of the end-users. For example, in the automotive and aerospace sectors, several latest grades of advanced high-strength steel are being utilized, like advanced high-strength steel (AHSS) 101. Lightweight materials are being used by OEMs for the body of the vehicles, along with chassis, interior, and other applications. One of the popular choices among OEM manufacturers are lightweight. NDT is also utilized for inspecting plastic parts. Throughout the plastic injection moldingprocedure, eachtransformation in the molding process can create delay and become expensive. It is vital to utilize a method that can easily find issues. NDT is popular method that provides precision and speed, minimizing the process timings and expense. These factors are positively influencing the market development.

* Videray Technologies Inc launched their latest development PXT in Februray 2024. This solution is a 140 KB transmission X-ray generator. It offers better safety, ease of use, and powerful inspectionabilities.
* Voliropartnered with Acuren, MISTRAS and TEAM, in January 2024. The aim was to improve organization's position in the industry and focus on the demand for advanced solutions in NDT inspections.
* In March 2024, Flyability introduced their ultrasonic thickness measurement UTM payload developed for Elios 3 drone, in March 2024. The company have partnered with sickness instruments who are specialists in ultrasonic testing.

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Strict Safety Regulations to Increase Usage of NDT Technologies for Inspection to Drive Market Growth

Strict safety rules and regulations formed by government bodies is also driving the NDT market. The growing safety regulations throughout different end-users and countries are increasing the usage and adoption of NDT technology along with evaluation methods. Several organizations utilize NDT as a proactive safety measures as it is necessary by the law of that country. Many government facilities and regional agencies globally have implemented strict measures ensure safety, particularly in construction and mining projects. These measures have encouraged the utilization of NDT and other evaluation methods, increasing the growth of the market.

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