Non-Destructive Testing Market Outlook To 2031: Trends, Growth Drivers & Forecast | Most Leading Companies - Olympus Corporation, GE Measurement and Control Solutions

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.

The Non-Destructive Testing Market report, released by DataM Intelligence, offers comprehensive insights and thorough analysis of major market trends, growth prospects, and emerging challenges. With a strong focus on actionable intelligence, DataM Intelligence equips businesses with the knowledge needed to make strategic decisions and maintain a competitive advantage. Utilizing a blend of qualitative and quantitative research methodologies, the firm delivers in-depth reports that support clients in understanding complex market dynamics, fostering strategic development, and capturing new opportunities in today's rapidly changing global environment.

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Evolving Market Forces and Opportunities:

The Non-Destructive Testing (NDT) Market refers to the global industry focused on technologies and services used to evaluate the integrity, properties, or defects of materials, components, or systems without causing damage. NDT methods like ultrasonic, radiographic, magnetic particle, eddy current, and visual inspection are widely used in industries such as aerospace, automotive, oil & gas, power generation, and manufacturing to ensure safety, quality, and compliance.

Key Industry Players Driving 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.

Industry Development:

On June 27, 2023, Creaform, a leading provider of portable 3D measurement solutions and engineering services, launched the latest version of its non-destructive testing (NDT) software platform, VXintegrity. This updated platform is designed to assess surface damage and is available to NDT service providers across a wide range of industries.

On January 31, 2023, Scanna-MSC, a well-known supplier of portable X-ray systems and detection equipment for the defense and security sectors, unveiled its newest X-ray product line specifically developed for the industrial non-destructive testing market. NDT plays a vital role in evaluating the quality and integrity of products, equipment, and components without causing any damage.

Research Methodology:

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 Overview for Non-Destructive Testing Market:

⇥ 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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