New York, August 06, 2018: This report provides qualitative and quantitative information about the global NDT market. It identifies the market application gaps, emerging technologies, the need for new product launches, and high potential geographic regions and countries. It also provides a segmentation of the market, tracking the market size, market share, revenue projections, and financial portfolio, covering a broad spectrum of the different methods, end-user, applications, and techniques of NDT industry.
The Global Non Destructive testing market is projected to reach USD 22.20 Billion by 2022, at a CAGR of 7.80% from 2015 to 2022.
Non Destructive Testing (NDT) is viewed as an essential need in commercial ventures, for example, in aviation industry, oil and gas industry, petroleum industry, and in construction sector. Developments in the NDT equipment market have expanded economically after the presentation of cutting edge X-ray equipment, for example, micro focus X-ray apparatuses, integrated X-ray tubes, glass X-ray tubes with window, radiation protected X-ray tools, etc.
Additionally, the forecast period offers huge potential growth for technologies such as computed tomography, phased array ultrasonic testing, and data management tools as these techniques are more efficient in terms of deriving accurate results.
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Who should buy this report?
Aerospace & Defense Industry
Automotive Industry
Oil & Gas Industry
Power Plants
NDT Equipment Manufacturers
Original Equipment Manufacturers (OEMs)
Software Solution Providers
Component Suppliers
Turbine Manufacturers
Ship Hull Manufacturers etc.
Scope of the Report
This research report categorizes the NDT market into the following segments and sub-segments:
The Non Destructive Testing NDT Market is segmented on the Basis of Method Type, End-User Type, Technique Type, Application Type and Geographical Analysis. By Method Type this market is segmented on the basis of Ultrasonic testing, Radiography testing , Liquid Penetrant testing , Magnetic particle testing , Eddy-current testing and Visual inspection. By End-User Type this market is segmented on the basis of Oil & gas industry, Aerospace & Defense industry, Automotive industry, Infrastructure Industry and Power generation industry.
By Technique Type this market is segmented on the basis of Surface Examination technique, Volumetric Examination Technique, Condition Monitoring technique, Integrity Examination technique and Other non-destructive techniques. By Application Type this market is segmented on the basis of Flaw detection , Leak detection, Dimensional measurement, Estimation of physical properties, Chemical Composition Determination and Stress & Structure Analysis. By Geographical Analysis this market is segmented on the basis of G7 Nations, BRICS and Rest of the World.G7 Nations is segmented into U.S, Canada, Japan, Italy, France, Germany and U.K. BRICS is segmented into Brazil, Russia, India, China, South Africa and U.K..Rest of the World is segmented into South Korea, Saudi Arabia and Others
Over the past few years, demand for Non Destructive Testing (NDT) services has expanded rapidly. As the US economy has recovered from the depths of the recession and as a result of it corporate profit margins have expanded and fueled capital expenditure. NDT sector will get future boost from the growing technological innovation and as a result NDT services will become more cost effective and efficient for end users.
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Table of Contents
1 INTRODUCTION
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
5.1 Introduction
5.2 Market Evolution
5.3 Market Segmentation
5.3.1 By Method
5.3.2 By Technique
5.3.3 By Application
5.3.4 By Component
5.3.5 By End User
5.4 Market Dynamics
5.4.1 Drivers
5.4.1.1 Extending the Useful Life of Aging Infrastructure
5.4.1.2 Outsourcing of Non-Core Activities and Technical Resource Constraints
5.4.1.3 Stringent Safety Regulations Formulated By Governments
5.4.1.4 Emergence of Industrial Internet of Things
5.4.2 Restraints
5.4.2.1 Lack of Skilled Professionals
5.4.2.2 High Cost of Advanced Non-Destructive Testing Equipment
5.4.3 Opportunities
5.4.3.1 New Power Generation Projects
5.4.3.2 Integration of Robotic Technology
5.4.3.3 Increasing Use of Advanced Materials
5.4.3.4 Large-Scale Infrastructure Projects
5.4.4 Challenges
5.4.4.1 Price Volatility of Natural Gas and Crude Oil
5.4.4.2 Reluctance Towards the Adoption of New Non-Destructive Testing Techniques By End Users
5.4.5 Winning Imperatives
5.4.5.1 Expanding End User Market
5.4.5.2 Expanding Geographical Reach
5.4.6 Burning Issues
5.4.6.1 Lack of Skilled Workforce and Increasing Mechanical Complications
5.4.6.2 Rapid Industrial Transformation
6 Industry Trends
7 Non-Destructive Testing Market, By Method
8 Non-Destructive Testing Market, By Technique
9 Non-Destructive Testing Market, By Application
10 Non-Destructive Testing Market, By Component
11 Non-Destructive Testing Market, By End User
12 Non-Destructive Testing Market, By Region
13 Competitive Landscape
14 Company Profiles
14.1 Introduction
14.1.1 Financial Highlights
14.2 Olympus Corporation
14.3 Mistras Group, Inc.
14.4 Intertek Group PLC
14.5 SGS S.A.
14.6 GE Measurement & Control
14.7 Nikon Metrology, Inc.
14.8 Ashtead Technology, Inc.
14.9 Sonatest Ltd.
14.10 Bosello High Technology S.R.L.
14.11 Fujifilm Holding Corporation
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