Global Non-destructive Testing (NDT) Equipment Market 2024-2028
Non-Destructive Testing (NDT) Equipment Market 2024-2028
The non-destructive testing (NDT) equipment market is forecasted to grow by USD 866 mn during 2023-2028, accelerating at a CAGR of 5.79% during the forecast period. The report on the non-destructive testing (NDT) equipment 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 increase in oil and gas and power generation projects, growing regulatory compliance requirements for preventing accidents, and growing demand for RVI in aerospace industry.
Technavio's non-destructive testing (NDT) equipment market is segmented as below:
By End-user
- Oil and Gas
- Power generation
- Aerospace and defense
- Automotive and transportation
- Others
By Product Type
- Ultrasonic testing equipment
- Radiography testing equipment
- Visual testing equipment
- Others
By Geographical Landscape
- North America
- APAC
- Europe
- South America
- Middle East and Africa
This study identifies the rising demand for ultrasonic testing equipment as one of the prime reasons driving the non-destructive testing (NDT) equipment market growth during the next few years. Also, advent of new types of materials for manufacturing and growing demand for NDT in am will lead to sizable demand in the market.
The report on the non-destructive testing (NDT) equipment market covers the following areas:
- Non-destructive testing (NDT) equipment market sizing
- Non-destructive testing (NDT) equipment market forecast
- Non-destructive testing (NDT) equipment 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 (NDT) equipment market vendors that include Acuren, Ashtead technology Ltd., Carl Zeiss AG, Cygnus Instruments Ltd., Eddyfi Technologies, FPrimeC Solutions Inc., FUJIFILM Corp., General Electric Co., HELMUT FISCHER GMBH, Illinois Tool Works Inc., Labquip NDT Ltd., Mistras Group Inc., MME Group, Nikon Corp., Olympus Corp., Roper Technologies Inc., Sonatest Inc., TWI Ltd., YXLON International GmbH, and Zetec Inc.. Also, the non-destructive testing (NDT) equipment 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 research - both primary and secondary. 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 the accurate market growth.