Non-Destructive Testing Market Growth | Key Trends, Technologies, & Forecast 2024-2031 | Top key players - Team Inc, Applus Services, Mistras Group Inc.

The Global Non-Destructive Testing Market reached USD 9.9 billion in 2022 and is expected to reach USD 19.2 billion by 2030, growing with a CAGR of 10.1% during the forecast period 2024-2031.

Non-Destructive Testing Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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The Non-Destructive Testing (NDT) Market focuses on methods used to inspect and evaluate materials and structures without causing damage. Techniques like ultrasound, radiography, eddy current, and magnetic particle testing are commonly employed in industries such as aerospace, automotive, construction, and energy. The market is growing due to increasing demand for safety, quality control, and regulatory compliance, along with advancements in NDT technologies to detect defects and ensure structural integrity.

List of the Key Players in the Non-Destructive Testing Market:

Olympus Corporation, GE Measurement and Control Solutions, Team Inc, Applus Services, Mistras Group Inc, SGS Group, Fujifilm Corporation, Bureau Veritas SA, Nikon Metrology NV and Intertek Group PLC.

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Industry Development:

On 27 June 2023, Creaform, a leading provider of portable 3D measurement solutions and engineering services, released the latest version of its non-destructive testing software platform, VXintegrity. The software is designed to perform surface damage assessments and is accessible to all non-destructive testing service companies across various sectors.

On 31 January 2023, Scanna-MSC, a renowned provider of portable x-ray systems and detection equipment for the Defense and Security sectors, introduced its latest x-ray product family tailored for the industrial non-destructive testing market. Non-Destructive Testing (NDT) is a critical process used to test the quality of various products, equipment, and components without causing any damage to them.

Growth Forecast Projected:

The Global Non-Destructive Testing Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Non-Destructive Testing Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Segment Covered in the Non-Destructive Testing Market:

By Technique: Ultrasonic Testing, Visual Inspection Testing, Magnetic Particle Testing, Liquid Penetrant Testing, Eddy Current Testing, Radiographic Testing, Acoustic Emission Testing.

By End User: Oil and Gas, Manufacturing, Aerospace and Defense, Construction, Automotive, Power Generation.

Regional Analysis for Non-Destructive Testing Market:

The regional analysis of the Non-Destructive Testing Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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People Also Ask:

➠ What is the global sales, production, consumption, import, and export value of the Non-Destructive Testing market?

➠ Who are the leading manufacturers in the global Non-Destructive Testing industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global Non-Destructive Testing industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the Non-Destructive Testing market?

➠ What are the various sales, marketing, and distribution channels in the global industry?

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