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Non-Destructive Testing Market to Worth USD 33.73 Billion by 2030 | At a Striking CAGR of 11.5 %

09-30-2024 07:47 AM CET | Aerospace & Defense

Press release from: Fortune Business Insights

Non-Destructive Testing Market

Non-Destructive Testing Market

The global non-destructive testing market was valued at USD 14.28 billion in 2022 and is projected to grow from USD 15.78 billion in 2023 to USD 33.73 billion by 2030, with a compound annual growth rate (CAGR) of 11.5% during the forecast period. In 2022, North America led the non-destructive testing market, holding a market share of 37.54%.

Fortune Business Insightsโ„ข shares this information in its report titled "Global Non-Destructive Testing Market Size, 2023-2030."

๐†๐ž๐ญ ๐€ ๐…๐ซ๐ž๐ž ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐๐ƒ๐… ๐๐ซ๐จ๐œ๐ก๐ฎ๐ซ๐ž:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/non-destructive-testing-ndt-market-103596

๐‹๐ข๐ฌ๐ญ ๐จ๐Ÿ ๐Š๐ž๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ ๐๐ซ๐จ๐Ÿ๐ข๐ฅ๐ž๐ ๐ข๐ง ๐ญ๐ก๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: -
โ€ฃ Applus Services, S.A. (Spain)
โ€ฃ Bureau Veritas SA (France)
โ€ฃ Commet Holding AG (Switzerland)
โ€ฃ Intertek Group PLC (U.K.)
โ€ฃ Mistras Group (U.S.)
โ€ฃ Nikon Metrology Inc. (Japan)
โ€ฃ Olympus Corporation (Japan)
โ€ฃ Previan Technologies Inc. (Canada)
โ€ฃ SGS S.A (U.S.)
โ€ฃ Team Inc. (Germany)
โ€ฃ TรœV Rheinland AG (U.S.)
โ€ฃ Waygate Technologies Inc. (Germany)

๐‚๐Ž๐•๐ˆ๐ƒ-๐Ÿ๐Ÿ— ๐ˆ๐ฆ๐ฉ๐š๐œ๐ญ:
๐ƒ๐ข๐ฌ๐ซ๐ฎ๐ฉ๐ญ๐ข๐จ๐ง๐ฌ ๐ข๐ง ๐“๐ก๐ž ๐’๐ฎ๐ฉ๐ฉ๐ฅ๐ฒ ๐‚๐ก๐š๐ข๐ง๐ฌ ๐‡๐š๐ ๐Œ๐š๐ฃ๐จ๐ซ ๐ˆ๐ฆ๐ฉ๐š๐œ๐ญ ๐Ž๐ง ๐ญ๐ก๐ž ๐€๐ฏ๐š๐ข๐ฅ๐š๐›๐ข๐ฅ๐ข๐ญ๐ฒ ๐š๐ง๐ ๐ƒ๐ž๐ฅ๐ข๐ฏ๐ž๐ซ๐ฒ ๐จ๐Ÿ ๐๐ƒ๐“
During the time of COVID-19 pandemic, disruptions in the supply chains had major impact on the availability and delivery of NDT equipment and services. Additionally, reduction in demand from various industries, such as manufacturing, aerospace, automotive, and oil and gas, lead to sharp decline in product demand.

๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง: ๐๐จ๐ง-๐ƒ๐ž๐ฌ๐ญ๐ซ๐ฎ๐œ๐ญ๐ข๐ฏ๐ž ๐“๐ž๐ฌ๐ญ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ
๐’๐ž๐ซ๐ฏ๐ข๐œ๐ž ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ ๐ญ๐จ ๐ƒ๐จ๐ฆ๐ข๐ง๐š๐ญ๐ž ๐ƒ๐ฎ๐ž ๐ญ๐จ ๐ƒ๐ž๐ฆ๐š๐ง๐ ๐Ÿ๐จ๐ซ ๐๐ฎ๐š๐ฅ๐ข๐ญ๐ฒ ๐ˆ๐ง๐ฌ๐ฉ๐ž๐œ๐ญ๐ข๐จ๐ง ๐’๐ž๐ซ๐ฏ๐ข๐œ๐ž๐ฌ
On the basis of offering, the non-destructive testing market is divided into equipment and service. Service segment dominates the share and is also set to lead with high demand for quality inspection services from various end user industries.

๐•๐จ๐ฅ๐ฎ๐ฆ๐ž๐ญ๐ซ๐ข๐œ ๐ˆ๐ง๐ฌ๐ฉ๐ž๐œ๐ญ๐ข๐จ๐ง ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ ๐ญ๐จ ๐‹๐ž๐š๐ ๐ƒ๐ฎ๐ž ๐ญ๐จ ๐‘๐ข๐ฌ๐ข๐ง๐  ๐‚๐จ๐ฆ๐ฉ๐ฅ๐ž๐ฑ๐ข๐ญ๐ฒ ๐จ๐Ÿ ๐๐ซ๐จ๐๐ฎ๐œ๐ญ๐ฌ ๐š๐ง๐ ๐Œ๐š๐ญ๐ž๐ซ๐ข๐š๐ฅ๐ฌ
On the basis of method, the market is divided into visual inspection, surface inspection, volumetric inspection, and others. Volumetric inspection segment dominates the market due to rising complexity and diversity of products and materials.

๐”๐ฅ๐ญ๐ซ๐š๐ฌ๐จ๐ง๐ข๐œ ๐“๐ž๐ฌ๐ญ๐ข๐ง๐  ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ ๐ญ๐จ ๐‹๐ž๐š๐ ๐ƒ๐ฎ๐ž ๐ญ๐จ ๐ˆ๐ง๐œ๐ซ๐ž๐š๐ฌ๐ข๐ง๐  ๐๐ฎ๐ฆ๐›๐ž๐ซ ๐จ๐Ÿ ๐ˆ๐ง๐Ÿ๐ซ๐š๐ฌ๐ญ๐ซ๐ฎ๐œ๐ญ๐ฎ๐ซ๐ž ๐๐ซ๐จ๐ฃ๐ž๐œ๐ญ๐ฌ
On the basis of technique, the market is divided into ultrasonic testing, visual inspection testing, magnetic particle testing, liquid penetrant testing, eddy-current testing, radiographic testing, acoustic emission testing, and others. Ultrasonic testing dominates the segment due to expansion of infrastructure projects.

๐Ž๐ข๐ฅ & ๐†๐š๐ฌ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ ๐ญ๐จ ๐‹๐ž๐š๐ ๐ƒ๐ฎ๐ž ๐ญ๐จ ๐‘๐ข๐ฌ๐ข๐ง๐  ๐ƒ๐ž๐ฆ๐š๐ง๐ ๐Ÿ๐จ๐ซ ๐๐ƒ๐“
On the basis of vertical, the market is divided into manufacturing, oil & gas, aerospace, public infrastructure, automotive, power generation, and others. The oil & gas segment is set to dominate due to rising demand for NDT from oil & gas infrastructure.
Geographically, the market is studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

๐€๐ฌ๐ค ๐Ÿ๐จ๐ซ ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐š๐ญ๐ข๐จ๐ง:
https://www.fortunebusinessinsights.com/enquiry/ask-for-customization/non-destructive-testing-ndt-market-103596

๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐‚๐จ๐ฏ๐ž๐ซ๐š๐ ๐ž
The report provides a detailed analysis of the top segments and the latest trends in the non-destructive testing market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the key players of Non-Destructive Testing (NDT).

๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ ๐š๐ง๐ ๐‘๐ž๐ฌ๐ญ๐ซ๐š๐ข๐ง๐ญ๐ฌ
๐‘๐ข๐ฌ๐ข๐ง๐  ๐ƒ๐ž๐ฆ๐š๐ง๐ ๐Ÿ๐จ๐ซ ๐๐ฎ๐š๐ฅ๐ข๐ญ๐ฒ ๐€๐ฌ๐ฌ๐ฎ๐ซ๐š๐ง๐œ๐ž ๐Ÿ๐ซ๐จ๐ฆ ๐•๐š๐ซ๐ข๐จ๐ฎ๐ฌ ๐„๐ง๐-๐”๐ฌ๐ž๐ซ ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐ž๐ฌ ๐๐ซ๐จ๐ฉ๐ž๐ฅ๐ฌ ๐ญ๐ก๐ž ๐ƒ๐ž๐ฆ๐š๐ง๐ ๐Ÿ๐จ๐ซ ๐๐ƒ๐“
Rising demand for quality assurance from various end-user industries is anticipated to drive the Non-Destructive Testing (NDT) market growth. Industries such as aerospace, automotive, manufacturing, oil and gas, and power generation are considered for quality assurance which is set to be highly important. Advancements, such as Computed Tomography (CT), phased array ultrasonic, and remote visual inspection, have enhanced precision, effectiveness, and the capability to identify concealed flaws.
However, lack of skilled workforce and high costs of equipment are expected to hamper the market growth.

๐‘๐ž๐ ๐ข๐จ๐ง๐š๐ฅ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ
๐๐จ๐ซ๐ญ๐ก ๐€๐ฆ๐ž๐ซ๐ข๐œ๐š ๐ญ๐จ ๐‹๐ž๐š๐ ๐ƒ๐ฎ๐ž ๐ญ๐จ ๐๐ซ๐ž๐ฌ๐ž๐ง๐œ๐ž ๐จ๐Ÿ ๐Ž๐„๐Œ๐ฌ ๐š๐ง๐ ๐’๐ž๐ซ๐ฏ๐ข๐œ๐ž ๐๐ซ๐จ๐ฏ๐ข๐๐ž๐ซ๐ฌ
North America holds the largest part in the non-destructive testing market share due to OEMs and service providers in the region. The market stood at USD 5.36 billion in 2022 with various acquisition strategies among key market players.
Europe to have the second-largest market share due to increasing demand for Non-Destructive Testing (NDT) and emphasis on the usage of renewable sources of energy.

๐‚๐จ๐ฆ๐ฉ๐ž๐ญ๐ข๐ญ๐ข๐ฏ๐ž ๐‹๐š๐ง๐๐ฌ๐œ๐š๐ฉ๐ž
๐Œ๐š๐ซ๐ค๐ž๐ญ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ ๐€๐ซ๐ž ๐Ž๐ฉ๐ญ๐ข๐ง๐  ๐Ÿ๐จ๐ซ ๐•๐š๐ซ๐ข๐จ๐ฎ๐ฌ ๐๐ฎ๐ฌ๐ข๐ง๐ž๐ฌ๐ฌ ๐’๐ญ๐ซ๐š๐ญ๐ž๐ ๐ข๐ž๐ฌ
The key Non-Destructive Testing (NDT) players are Applus Services, S.A., Bureau Veritas SA, Commet Holding AG, Intertek Group PLC, Mistras Group, and others. The market players have been focusing on mergers & acquisitions, emerging markets, technological advancements, and product innovations.

๐†๐ž๐ญ ๐š ๐๐ฎ๐จ๐ญ๐ž ๐๐จ๐ฐ:
https://www.fortunebusinessinsights.com/enquiry/sample/non-destructive-testing-ndt-market-103596

๐Š๐ž๐ฒ ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ƒ๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ฆ๐ž๐ง๐ญ
โ€ข May 2023- Previan Technologies, Inc. acquired Sensor Networks, Inc. (SNI) to integrate the SNI into the Previan Group allowing them to leverage Non-Destructive Testing (NDT) solutions offered by Eddyfi Technologies.

๐‘๐ž๐š๐ ๐‘๐ž๐ฅ๐š๐ญ๐ž๐ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ:
Ultrasonic Testing Market
https://www.fortunebusinessinsights.com/ultrasonic-testing-market-104865

Airborne Fire Control Radar Market
https://www.fortunebusinessinsights.com/airborne-fire-control-radar-market-104048

Automatic Dependent Surveillance Broadcast Market
https://www.fortunebusinessinsights.com/automatic-dependent-surveillance-broadcast-ads-b-market-103355

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐”๐ฌ:
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๐€๐›๐จ๐ฎ๐ญ ๐”๐ฌ:
Fortune Business Insightsโ„ข offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

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