Non-Destructive Testing And Inspection Market 2024-2028
The non-destructive testing and inspection market is forecasted to grow by USD 5956.4 mn during 2023-2028, accelerating at a CAGR of 7.1% during the forecast period. The report on the non-destructive testing and inspection market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing non-destructive testing and inspection training initiatives, increase in oil and gas and power generation projects, and growing demand for remote visual inspection.
Technavio's non-destructive testing and inspection market is segmented as below:
- By Method
- Traditional methods
- Advanced methods
- By Industry Application
- Oil and gas
- Manufacturing
- Power generation
- Construction
- Others
- By Geographical Landscape
- North America
- APAC
- Europe
- Middle East and Africa
- South America
This study identifies the rising demand for advanced non-destructive testing and inspection as one of the prime reasons driving the non-destructive testing and inspection market growth during the next few years. Also, emergence of ai and ml in non-destructive testing and inspection and increasing inorganic growth by vendors will lead to sizable demand in the market.
The report on the non-destructive testing and inspection market covers the following areas:
- Non-Destructive Testing And Inspection Market sizing
- Non-Destructive Testing And Inspection Market forecast
- Non-Destructive Testing And Inspection Market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading non-destructive testing and inspection market vendors that include Acuren Corp., Axess Group, Baker Hughes Co., Bureau Veritas, Creaform Inc., Evident Corp, IRC Engineering Services Pvt. Ltd., Mistras Group Inc., MME Group, Nikon Corp., NTS Unitek, OKOndt Group, Previan Technologies Inc., SGS SA, TCR Engineering Services Private Ltd., Trinity NDT WeldSolutions Pvt. Ltd., TWI Ltd., Vertech Group, Vibrant NDT Services, and Zetec Inc.. Also, the non-destructive testing and inspection market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.