Ultrasonic Testing Market by Type (Acoustography, Guided Wave Testing, Immersion Testing), Equipment (Bond Testers, Flaw Detectors, Imaging Systems), Service, Vertical - Global Forecast 2024-2030

Ultrasonic Testing Market by Type (Acoustography, Guided Wave Testing, Immersion Testing), Equipment (Bond Testers, Flaw Detectors, Imaging Systems), Service, Vertical - Global Forecast 2024-2030


The Ultrasonic Testing Market size was estimated at USD 3.60 billion in 2023 and expected to reach USD 3.90 billion in 2024, at a CAGR 8.51% to reach USD 6.38 billion by 2030.

Global Ultrasonic Testing Market

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Ultrasonic Testing Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis 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: 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 examination of the current state of vendors in the Ultrasonic Testing Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. 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 this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Ultrasonic Testing Market, highlighting leading vendors and their innovative profiles. These include Applus Services, S.A., Ashtead Technology Ltd., Cygnus Instruments Ltd, Eddyfi Technologies, Fujifilm Holdings Corporation, General Electric Company, Institution of Mechanical Engineers, Intertek Group PLC, Johnson & Allen Ltd, MAGNAFLUX Corporation, Magnetic Analysis Corporation, Mistras Group, Olympus Corporation, Sonatest Ltd, and T.D. Williamson, Inc..

Market Segmentation & Coverage

This research report categorizes the Ultrasonic Testing Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
Acoustography
Guided Wave Testing
Immersion Testing
Phased Array
Equipment
Bond Testers
Flaw Detectors
Imaging Systems
Industrial Scanners
Thickness Gauges
Transducers & Probes
Tube Inspection Systems
Service
Calibration Services
Equipment Rental Services
Inspection Services
Training Services
Vertical
Aerospace
Automotive
Government Infrastructure
Healthcare
Manufacturing
Marine
Oil & Gas
Power Generation
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

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Ultrasonic Testing Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Ultrasonic Testing Market?
3. What are the technology trends and regulatory frameworks in the Ultrasonic Testing Market?
4. What is the market share of the leading vendors in the Ultrasonic Testing Market?
5. Which modes and strategic moves are suitable for entering the Ultrasonic Testing Market?

Note: PDF & Excel + Online Access - 1 Year


1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Ultrasonic Testing Market, by Region
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Increasing expansion of new infrastructure development
5.1.1.2. Rising applications of ultrasonic testing across aerospace and defense sector
5.1.1.3. High investments in power grid infrastructure for expanding electricity network
5.1.2. Restraints
5.1.2.1. High cost associated with automated ultrasonic testing
5.1.3. Opportunities
5.1.3.1. Adoption of ultrasonic testing equipment in the oil & gas industry
5.1.3.2. Ongoing innovations in ultrasonic testing
5.1.4. Challenges
5.1.4.1. Lack of skilled technicians and professionals for testing and maintenance
5.2. Market Segmentation Analysis
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter’s Five Forces Analysis
5.5.1. Threat of New Entrants
5.5.2. Threat of Substitutes
5.5.3. Bargaining Power of Customers
5.5.4. Bargaining Power of Suppliers
5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework
6. Ultrasonic Testing Market, by Type
6.1. Introduction
6.2. Acoustography
6.3. Guided Wave Testing
6.4. Immersion Testing
6.5. Phased Array
7. Ultrasonic Testing Market, by Equipment
7.1. Introduction
7.2. Bond Testers
7.3. Flaw Detectors
7.4. Imaging Systems
7.5. Industrial Scanners
7.6. Thickness Gauges
7.7. Transducers & Probes
7.8. Tube Inspection Systems
8. Ultrasonic Testing Market, by Service
8.1. Introduction
8.2. Calibration Services
8.3. Equipment Rental Services
8.4. Inspection Services
8.5. Training Services
9. Ultrasonic Testing Market, by Vertical
9.1. Introduction
9.2. Aerospace
9.3. Automotive
9.4. Government Infrastructure
9.5. Healthcare
9.6. Manufacturing
9.7. Marine
9.8. Oil & Gas
9.9. Power Generation
10. Americas Ultrasonic Testing Market
10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States
11. Asia-Pacific Ultrasonic Testing Market
11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam
12. Europe, Middle East & Africa Ultrasonic Testing Market
12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom
13. Competitive Landscape
13.1. FPNV Positioning Matrix
13.2. Market Share Analysis, By Key Player
13.3. Competitive Scenario Analysis, By Key Player
14. Competitive Portfolio
14.1. Key Company Profiles
14.1.1. Applus Services, S.A.
14.1.2. Ashtead Technology Ltd.
14.1.3. Cygnus Instruments Ltd
14.1.4. Eddyfi Technologies
14.1.5. Fujifilm Holdings Corporation
14.1.6. General Electric Company
14.1.7. Institution of Mechanical Engineers
14.1.8. Intertek Group PLC
14.1.9. Johnson & Allen Ltd
14.1.10. MAGNAFLUX Corporation
14.1.11. Magnetic Analysis Corporation
14.1.12. Mistras Group
14.1.13. Olympus Corporation
14.1.14. Sonatest Ltd
14.1.15. T.D. Williamson, Inc.
14.2. Key Product Portfolio
15. Appendix
15.1. Discussion Guide
15.2. License & Pricing
FIGURE 1. ULTRASONIC TESTING MARKET RESEARCH PROCESS
FIGURE 2. ULTRASONIC TESTING MARKET SIZE, 2023 VS 2030
FIGURE 3. ULTRASONIC TESTING MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. ULTRASONIC TESTING MARKET SIZE, BY REGION, 2023 VS 2030 (%)
FIGURE 5. ULTRASONIC TESTING MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 6. ULTRASONIC TESTING MARKET DYNAMICS
FIGURE 7. ULTRASONIC TESTING MARKET SIZE, BY TYPE, 2023 VS 2030 (%)
FIGURE 8. ULTRASONIC TESTING MARKET SIZE, BY TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 9. ULTRASONIC TESTING MARKET SIZE, BY EQUIPMENT, 2023 VS 2030 (%)
FIGURE 10. ULTRASONIC TESTING MARKET SIZE, BY EQUIPMENT, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 11. ULTRASONIC TESTING MARKET SIZE, BY SERVICE, 2023 VS 2030 (%)
FIGURE 12. ULTRASONIC TESTING MARKET SIZE, BY SERVICE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 13. ULTRASONIC TESTING MARKET SIZE, BY VERTICAL, 2023 VS 2030 (%)
FIGURE 14. ULTRASONIC TESTING MARKET SIZE, BY VERTICAL, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 15. AMERICAS ULTRASONIC TESTING MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 16. AMERICAS ULTRASONIC TESTING MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 17. UNITED STATES ULTRASONIC TESTING MARKET SIZE, BY STATE, 2023 VS 2030 (%)
FIGURE 18. UNITED STATES ULTRASONIC TESTING MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 19. ASIA-PACIFIC ULTRASONIC TESTING MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 20. ASIA-PACIFIC ULTRASONIC TESTING MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 21. EUROPE, MIDDLE EAST & AFRICA ULTRASONIC TESTING MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 22. EUROPE, MIDDLE EAST & AFRICA ULTRASONIC TESTING MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 23. ULTRASONIC TESTING MARKET, FPNV POSITIONING MATRIX, 2023
FIGURE 24. ULTRASONIC TESTING MARKET SHARE, BY KEY PLAYER, 2023

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