Global Ultrasonic NDT Equipment Market to grow at a CAGR of 5.89% during 2016-2020 - GE Inspection Technologies, Olympus, Sonatest

Ultrasonic is one of the types of NDT equipment. NDT is a method of finding discontinuity in a test material without harming the material. Ultrasonic equipment uses high-frequency sound energy to conduct examinations and make measurements. The frequency used for ultrasonic testing is in the range of 500 KHz to 20 MHz. Ultrasonic testing equipment also examines the internal structure or thickness of the material and helps to detect discontinuity within the test material. It is widely used in the oil and gas, power generation, aerospace and defense, automobile, and fabrication industries. High accuracy, reliability, reproduction of output, material characterization, no potential health hazards, and no damage to the test material are some of the advantages of ultrasonic NDT equipment.

The global ultrasonic NDT equipment market to grow at a CAGR of 5.89% during the period 2016-2020. The report covers the present scenario and the growth prospects of the global ultrasonic NDT equipment market for 2016-2020. To calculate the market size, the report covers the present scenario and the growth prospects of the global ultrasonic NDT equipment market for the period 2015-2020.

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The market is divided into the following segments based on geography:
- APAC
- Europe
- North America
- ROW

Technavio's report, Global Ultrasonic NDT Equipment Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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Key vendors
- GE Inspection Technologies
- Olympus
- Sonatest

Other prominent vendors
- Danatronics
- Eddyfi
- James Instruments
- NDT Systems
- PaR Systems
- Qualitest International
- Trinity NDT

Market driver
- Emergence of new avenues for natural gas market.
- For a full, detailed list, view our report

Market challenge
- Necessity for price-sensitive and multiple technology solutions.
- For a full, detailed list, view our report

Market trend
- Ultrasonic testing for case-hardened components and laser-welded tailored blanks.
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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