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Global Industrialization And Urbanization Fueling Growth In NDT And Inspection Market: A Key Factor Shaping the Future of the Non-Destructive Testing (NDT) And Inspection Market in 2025
Non Destructive Testing NDT And Inspection
Industrialization and urbanization are increasing rapidly worldwide, which is likely to fuel the expansion of the NDT and inspection market in the near future. For example, the United Nations Trade and Development reported a rise in the world's urban population by 56.9 billion in 2022. The rapidly-developing manufacturing sectors, such as aerospace, are making significant investments in NDT and inspection services for regular quality checks, detecting infrastructure failure, and other uses. Businesses are also partnering with NDT service providers to conduct training sessions to ensure production efficiency through comprehensive education and quality training. For instance, according to the Luxembourg-based government agency Eurostat, the EU saw a 5% increase in industrial production in 2022 compared to 2021. Moreover, steel demand is projected to increase by 0.4% in 2022, totalling 1,840.2 million tons (Mt), and is anticipated to grow a further 2.2% in 2023, reaching 1,881.4 Mt. Consequently, the swift pace of industrialization and urbanization worldwide is boosting the growth of the NDT and inspection market.
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What is the projected compound annual growth rate (CAGR) of the non-destructive testing (ndt) and inspection market from 2025 to 2034, and what factors influence it?
The market size for non-destructive testing (NDT) and inspection has seen a robust growth in recent years. It is anticipated to rise from $9.61 billion in 2024 to $10.35 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 7.7%. The notable growth during the historic period is due to the escalating adoption of NDT in the aerospace sector and the soaring demand for NDT techniques in the oil and gas industry.
Anticipations of robust expansion are on the horizon for the non-destructive testing (NDT) and inspection market. The industry is projected to increase to a value of $14.12 billion by 2029, with a compound annual growth rate (CAGR) of 8.1%. The predicted market growth during this period is primarily associated with factors such as burgeoning urbanization, heightened research and development initiatives, and an increasing demand for NDT inspection services within the sector of power generation. Key trends identified for this forecast period encompass progressing developments in digital radiography, a surge in ultrasonic testing (UT) innovations, a rise in robotics and automation, the adoption of infrared thermography, an emphasis on digital NDT and data analytics, and revolutionary product innovations.
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What are the most significant trends transforming the non-destructive testing (ndt) and inspection market today?
The progression of technology is a major trend propelling the Non-Destructive Testing (NDT) and inspection market. Prime organizations within this industry are concentrating on creating tech-based solutions for NDT, aiming to solidify their standing. A case in point is VCxray Inspection Service, a subdivision of VisiConsult specialising in industrial X-ray technology, which in April 2022, unveiled x.OS. This X-ray operating system is utilised in the sphere of non-destructive examination (NDT) and represents an inventive software approach for industrial X-ray scrutiny.
What are the major segments of the non-destructive testing (ndt) and inspection market and their role in driving growth?
The non-destructive testing (NDT) and inspection market covered in this report is segmented -
1) By Technique: Magnetic Particle Testing, Ultrasonic Testing, Visual Testing, Liquid Penetrant Testing, Eddy-Current Testing, Radiographic Testing, Acoustic Emission Testing, Other Techniques
2) By Method: Visual Inspection, Surface Inspection, Volumetric Inspection, Other Methods
3) By Vertical: Manufacturing, Oil and Gas, Aerospace, Public Infrastructure, Automotive, Power Generation, Other Verticals
Subsegments:
1) By Magnetic Particle Testing (MPT): Surface And Subsurface Defects Detection, Magnetic Field Generation Methods (Permanent, Electromagnetic), Application Areas (Metal Components, Welds)
2) By Ultrasonic Testing (UT): Pulse-Echo Method, Through-Transmission Method, Thickness Gauging, Flaw Detection In Materials
3) By Visual Testing (VT): Direct Visual Inspection (DVI), Remote Visual Inspection (RVI), Use Of Optical Instruments (Borescopes, Endoscopes)
4) By Liquid Penetrant Testing (LPT): Fluorescent Vs. Visible Dye Penetrants, Surface Preparation Techniques, Post-Application Inspection Methods
5) By Eddy-Current Testing (ECT): Conductivity And Coating Thickness Measurement, Detection Of Surface And Near-Surface Defects, Applications In Aerospace And Manufacturing
6) By Radiographic Testing (RT): X-ray Vs. Gamma-ray Techniques, Film And Digital Radiography, Applications In Welding And Casting Inspection
7) By Acoustic Emission Testing (AET): Monitoring Of Active Defects In Structures, High-Frequency Signal Detection, Applications In Pressure Vessels And Tanks
8) By Other Techniques: Thermography (Infrared Testing), Laser Testing, Fiber Optic Testing, Microwave Testing
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Which regions are key players in the growth of the non-destructive testing (ndt) and inspection market?
North America was the largest region in the NDT and inspection market in 2024. The regions covered in the non-destructive testing (NDT) and inspection market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the key firms paving the way for growth in the non-destructive testing (ndt) and inspection market?
Major companies operating in the non-destructive testing (NDT) and inspection market include SGS Group, TEAM Inc., Applus Services, Baker Hughes Company, Mistras Group Inc., Acuren Inspection Inc., Intertek Group Plc., Bureau Veritas S.A., Yxlon International Gmbh, MME Group, Arora Technologies (P) Limited, Fischer Measurement Technologies (India) Pvt. Ltd., General Electric Company, Nikon Corporation, Olympus Corporation, Magnetec Inspections Inc., Hojin Industrial Co. Ltd., Dan Dong Hua Ri Science Electric Co Ltd., CGN Nuclear Technology Development Co. Ltd., TWI Ltd., Ashtead Technology, Eddyfi UK Limited, TSC Subsea Limited, Sonatest Ltd., Energodiagnostika Co. Ltd, Magnaflux Corp, Scanna MSC, Fprimec Solutions Inc ., Applied Technical Services, TCR Arabia Company, NDT Corrosion Control Services Co., HQTS Group, Sigma Specialized Inspection Co LLC, Sonatest, Ashtead Technology, Zeiss
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What Is Covered In The Non-Destructive Testing (NDT) And Inspection Global Market Report?
• Market Size Forecast: Examine the non-destructive testing (ndt) and inspection market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the non-destructive testing (ndt) and inspection market for a structured understanding.
• Key Players Overview: Analyze major players in the non-destructive testing (ndt) and inspection market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the non-destructive testing (ndt) and inspection market.
• Segment Contributions: Evaluate how different segments drive overall growth in the non-destructive testing (ndt) and inspection market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the non-destructive testing (ndt) and inspection market.
• Industry Challenges: Identify potential risks and obstacles affecting the non-destructive testing (ndt) and inspection market.
• Competitive Landscape: Review strategic developments in the non-destructive testing (ndt) and inspection market, including expansions, agreements, and new product launches.
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