Non-Destructive Testing & Inspection Market by Solution (Equipment, Services), Method (Surface Inspection, Visual Inspection, Volumetric Inspection), Technique, Industry - Global Forecast 2024-2030

Non-Destructive Testing & Inspection Market by Solution (Equipment, Services), Method (Surface Inspection, Visual Inspection, Volumetric Inspection), Technique, Industry - Global Forecast 2024-2030

The Non-Destructive Testing & Inspection Market size was estimated at USD 11.58 billion in 2023 and expected to reach USD 12.45 billion in 2024, at a CAGR 7.65% to reach USD 19.40 billion by 2030.

Non-Destructive Testing & Inspection (NDT & NDI) refers to a group of analysis techniques used in science and industry to assess the properties of a material, component, or system without causing damage. Increasing safety regulations and quality control standards are driving demand for NDT services. Rising automation in the industrial manufacturing and infrastructure sectors increases the adoption of non-destructive testing & inspection (NDT & NDI). However, the high cost associated with non-destructive testing equipment coupled with a shortage of skilled and qualified personnel for inspection services may impede the market growth. Nevertheless, technological advancements resulting in new application areas for NDT equipment and increasing deployment of the ultrasonic test method are expected to create potential opportunities for market growth.

Regional Insights

The non-destructive testing (NDT) and inspection market is evolving in the Asia Pacific region due to its growing manufacturing sector, and the consumer need in this region revolves around ensuring product quality and reliability, especially in industries such as automotive, aerospace, and infrastructure. Furthermore, patents in advanced ultrasonic and radiographic testing techniques signify the nation's push toward innovation, further increasing the market growth. In the Americas, the demand for Non-Destructive Testing and inspection is driven by the necessity to maintain aging infrastructure and the stringent regulatory environment. Customers in North America prefer comprehensive service offerings that include equipment, training, and post-sales support. Europe, the Middle East, and Africa (EMEA) exhibit diverse market dynamics regarding NDT and inspection. The EU's advanced manufacturing base has a steady demand for updated NDT processes aligned with its stringent quality standards. The Middle East's growth is attributed to its oil and gas sector, while Africa's market is developing, with a focus on infrastructure and power generation.

Market Insights

• Market Dynamics
  
  The market dynamics represent an ever-changing landscape of the Non-Destructive Testing & Inspection Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.
  • Market Drivers
    • Rising Automation in the Industrial Manufacturing and Infrastructure Sectors
    • Development of Radiographic Testing Equipment
    • Increasing Awareness Amongst the Manufacturers Regarding the Use of Non-Destructive Testing
    • Market Restraints
      • High Cost Associated with Non-Destructive Testing Equipment Coupled with Dearth of Skilled and Qualified Personnel for Inspection Services
      • Market Opportunities
        • Increasing Demand for Non-Destructive Testing and Inspection Services from the Power Generation Industry
        • Technological Advancements Resulting in New Application Areas for NDT Equipment
        • Increasing Deployment of the Ultrasonic Test Method
        • Market Challenges
          • Reluctance to Adopt New NDT Techniques and Increased Complexity of Machines and Structures
          • Market Segmentation Analysis
            • Solution: Proliferating usage of NDT calibration services as it is critical for quality control and compliance in safety-sensitive environments
            • Method: Increasing usage of volumetric inspection method as it provides insight into the material's consistency and detects internal defects
            • Technique: Burgeoning adoption of direct radiography technique as it allows for immediate interpretation
            • Industry: Evolving utilization of non-destructive testing and inspection in manufacturing and construction
            • Market Disruption Analysis
            • Porter’s Five Forces Analysis
            • Value Chain & Critical Path Analysis
            • Pricing Analysis
            • Technology Analysis
            • Patent Analysis
            • Trade Analysis
            • Regulatory Framework Analysis
            FPNV Positioning Matrix
            
            The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Non-Destructive Testing & Inspection Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
            
            Market Share Analysis
            
            The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Non-Destructive Testing & Inspection Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
            
            Recent Developments
            • Voliro Partners with the 3 Leading US NDT Inspection Service Providers Acuren, MISTRAS, and TEAM.
              
              Voliro has formed strategic alliances with Acuren, MISTRAS, and TEAM, three of the foremost NDT service providers in the United States. This collaboration aims to enhance the infrastructure inspection capabilities through advanced technology integration.
              
              Spirox and Southport Launch Industry-first Non-Destructive SiC Defect Inspection System: Saving Significant Costs and Increasing Output; Targeting the Compound Semiconductor Market
              
              Spirox Corporation, in collaboration with Southport Engineering, announced the groundbreaking launch of a first-of-its-kind, non-destructive Silicon Carbide (SiC) defect inspection system, a pioneering solution specifically designed to serve the rapidly growing compound semiconductor market. This novel system promises to deliver substantial cost savings and augment production yield by enabling early detection of material defects.
              
              Portable X-ray Product Line Launched For Industrial Non-Destructive Testing
              
              Scanna-MSC has unveiled its newest x-ray solutions tailored to the industrial Non-Destructive Testing (NDT) domain. This innovative product family champions the integrity of materials and structures by facilitating an advanced, non-invasive analysis method for evaluating their quality and durability. It allows for a meticulous inspection without causing any damage, ensuring that products, equipment, and components can be assessed with utmost precision and reliability.
            Strategy Analysis & Recommendation
            
            The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Non-Destructive Testing & Inspection Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
            
            Key Company Profiles
            
            The report delves into recent significant developments in the Non-Destructive Testing & Inspection Market, highlighting leading vendors and their innovative profiles. These include Applus+, Ashtead Technology Ltd., Bureau Veritas S.A., Carl Zeiss AG, Comet Yxlon GmbH, Cygnus Instruments Ltd, DEKRA SE, Duemme S.P.A., Eddyfi Technologies, Fischer Technology Inc., FORCE Technology, Fujifilm Holdings Corporation, Geecy Apave Pvt. Ltd., General Electric Company, Hatch Ltd., Intertek Group PLC, ITIS B.V., Labquip NDT Limited, Magnaflux Corporation, MISTRAS Group, NDT Corrosion Control Services Co., Nikon Corporation, Olympus Corporation, SGS S.A., Sigma NDT Services, Sonatest Ltd., T.D. Williamson, Inc., TEAM Inc., and Zetec, Inc..
            
            Market Segmentation & Coverage
            
            This research report categorizes the Non-Destructive Testing & Inspection Market to forecast the revenues and analyze trends in each of the following sub-markets:
            • Solution
              • Equipment
              • Services
                • Calibration Services
                • Equipment Rental Services
                • Inspection Services
                • Training Services
                • Method
                  • Surface Inspection
                  • Visual Inspection
                  • Volumetric Inspection
                  • Technique
                    • Acoustic Emission Testing (AET)
                    • Eddy-Current Testing (ECT)
                    • Liquid Penetrant Testing (LPT)
                    • Magnetic Particle Testing (MPT)
                    • Near-Infrared Spectroscopy
                    • Radiographic Testing (RT)
                      • Computed Radiography
                      • Direct Radiography (Real-Time)
                      • Film Radiography
                      • Gamma-Ray Testing
                      • X-Ray Testing
                      • Terahertz Imaging
                      • Ultrasonic Testing (UT)
                        • Angle Beam Testing
                        • Guided Wave Testing
                        • Immersion Testing
                        • Phased Array Testing
                        • Straight Beam Testing
                        • Time-Of-Flight Diffraction (TOFD)
                        • Visual Inspection Testing (VT)
                          • Aided Visual Inspection
                          • General Visual Inspection
                          • Industry
                            • Automotive & Transport
                            • Chemicals & Materials
                            • Consumer Goods & Services
                            • Energy & Natural Resources
                            • Food & Beverage
                            • Government & Public Infrastructure
                            • Healthcare
                            • Manufacturing & Construction
                            • Military Aerospace & Defense
                            • Oil & Gas
                            • Pharmaceuticals
                            • Telecommunications & Computing
                            • Region
                              • Americas
                                • Argentina
                                • Brazil
                                • Canada
                                • Mexico
                                • United States
                                  • California
                                  • Florida
                                  • Illinois
                                  • New York
                                  • Ohio
                                  • Pennsylvania
                                  • Texas
                                  • Asia-Pacific
                                    • Australia
                                    • China
                                    • India
                                    • Indonesia
                                    • Japan
                                    • Malaysia
                                    • Philippines
                                    • Singapore
                                    • South Korea
                                    • Taiwan
                                    • Thailand
                                    • Vietnam
                                    • Europe, Middle East & Africa
                                      • Denmark
                                      • Egypt
                                      • Finland
                                      • France
                                      • Germany
                                      • Israel
                                      • Italy
                                      • Netherlands
                                      • Nigeria
                                      • Norway
                                      • Poland
                                      • Qatar
                                      • Russia
                                      • Saudi Arabia
                                      • South Africa
                                      • Spain
                                      • Sweden
                                      • Switzerland
                                      • Turkey
                                      • United Arab Emirates
                                      • United Kingdom
                                      
                                      
                                      Please Note: PDF & Excel + Online Access - 1 Year