Global Nondestructive Testing Equipment Market 2023-2027

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $2,500	180 Pages	TechNavio	February, 2023	INF17792645

Best Price Guarantee
Price	from $2,500
Length	180 Pages
Publisher	TechNavio
Published Date	February, 2023
SKU	INF17792645

Global Nondestructive Testing (NDT) Equipment Market 2023-2027

Technavio has been monitoring the nondestructive testing (NDT) equipment market and is forecast to grow by $848.26 mn during 2022-2027, accelerating at a CAGR of 5.95% during the forecast period. Our report on the nondestructive 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 nondestructive testing (NDT) equipment market is segmented as below:

By Product Type

Ultrasonic testing equipment
Radiography testing equipment
Visual testing equipment
Others

By End-user

Oil and gas
Power generation
Aerospace and defense
Automotive and transportation
Others

By Geography

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 nondestructive testing (NDT) equipment market growth during the next few years. Also, advent of new types of materials for manufacturing will lead to sizable demand in the market.

Technavio 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. Our report on the nondestructive testing(NDT) equipment market covers the following areas:

Nondestructive testing (NDT) equipment market sizing
Nondestructive testing (NDT) equipment market forecast
Nondestructive testing (NDT) equipment market industry analysis

Technavio's 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 nondestructive testing (NDT) equipment market vendors that include Acuren, Ashtead technology, Carl Zeiss AG, Eddyfi NDT Inc., FPrimeC Solutions Inc., FUJIFILM Corp., General Electric Co., HELMUT FISCHER GMBH INSTITUT FUR ELEKTRONIK UND MESSTECHNIK, Illinois Tool Works Inc., Labquip NDT Ltd., Mistras Group Inc., MME Group, Nikon Corp., Roper Technologies Inc., Sonatest Inc., TWI Ltd., YXLON International GmbH, Zetec Inc., Cygnus Instruments Ltd., and Olympus Corp. Also, the nondestructive 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.

Technavio 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. Technavio's 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.

Executive Summary
- Market overview
  - Table Executive Summary – Chart on Market Overview
  - Table Executive Summary – Data Table on Market Overview
  - Table Executive Summary – Chart on Global Market Characteristics
  - Table Executive Summary – Chart on Market by Geography
  - Table Executive Summary – Chart on Market Segmentation by Product Type
  - Table Executive Summary – Chart on Market Segmentation by End-user
  - Table Executive Summary – Chart on Incremental Growth
  - Table Executive Summary – Data Table on Incremental Growth
  - Table Executive Summary – Chart on Vendor Market Positioning
Market Landscape
- Market ecosystem
  - Table Parent market
  - Table Market Characteristics
Market Sizing
- Market definition
  - Table Offerings of vendors included in the market definition
- Market segment analysis
  - Table Market segments
- Market size 2022
- Market outlook: Forecast for 2022-2027
  - Table Chart on Global - Market size and forecast 2022-2027 ($ million)
  - Table Data Table on Global - Market size and forecast 2022-2027 ($ million)
  - Table Chart on Global Market: Year-over-year growth 2022-2027 (%)
  - Table Data Table on Global Market: Year-over-year growth 2022-2027 (%)
Historic Market Size
- Global nondestructive testing(NDT) equipment market 2017 - 2021
  - Table Historic market size – Data table on global nondestructive testing(NDT) equipment market 2017 - 2021 ($ million)
- Product type Segment Analysis 2017 - 2021
  - Table Historic market size – Product type segment 2017 - 2021 ($ million)
- End-user Segment Analysis 2017 - 2021
  - Table Historic market size – End-user segment 2017 - 2021 ($ million)
- Geography Segment Analysis 2017 - 2021
  - Table Historic market size – Geography segment 2017 - 2021 ($ million)
- Country Segment Analysis 2017 - 2021
  - Table Historic market size – Country segment 2017 - 2021 ($ million)
Five Forces Analysis
- Five forces summary
  - Table Five forces analysis - Comparison between 2022 and 2027
- Bargaining power of buyers
  - Table Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
- Bargaining power of suppliers
  - Table Bargaining power of suppliers – Impact of key factors in 2022 and 2027
- Threat of new entrants
  - Table Threat of new entrants – Impact of key factors in 2022 and 2027
- Threat of substitutes
  - Table Threat of substitutes – Impact of key factors in 2022 and 2027
- Threat of rivalry
  - Table Threat of rivalry – Impact of key factors in 2022 and 2027
- Market condition
  - Table Chart on Market condition - Five forces 2022 and 2027
Market Segmentation by Product Type
- Market segments
  - Table Chart on Product Type - Market share 2022-2027 (%)
  - Table Data Table on Product Type - Market share 2022-2027 (%)
- Comparison by Product Type
  - Table Chart on Comparison by Product Type
  - Table Data Table on Comparison by Product Type
- Ultrasonic testing equipment - Market size and forecast 2022-2027
  - Table Chart on Ultrasonic testing equipment - Market size and forecast 2022-2027 ($ million)
  - Table Data Table on Ultrasonic testing equipment - Market size and forecast 2022-2027 ($ million)
  - Table Chart on Ultrasonic testing equipment - Year-over-year growth 2022-2027 (%)
  - Table Data Table on Ultrasonic testing equipment - Year-over-year growth 2022-2027 (%)
- Radiography testing equipment - Market size and forecast 2022-2027
  - Table Chart on Radiography testing equipment - Market size and forecast 2022-2027 ($ million)
  - Table Data Table on Radiography testing equipment - Market size and forecast 2022-2027 ($ million)
  - Table Chart on Radiography testing equipment - Year-over-year growth 2022-2027 (%)
  - Table Data Table on Radiography testing equipment - Year-over-year growth 2022-2027 (%)
- Visual testing equipment - Market size and forecast 2022-2027
  - Table Chart on Visual testing equipment - Market size and forecast 2022-2027 ($ million)
  - Table Data Table on Visual testing equipment - Market size and forecast 2022-2027 ($ million)
  - Table Chart on Visual testing equipment - Year-over-year growth 2022-2027 (%)
  - Table Data Table on Visual testing equipment - Year-over-year growth 2022-2027 (%)
- Others - Market size and forecast 2022-2027
  - Table Chart on Others - Market size and forecast 2022-2027 ($ million)
  - Table Data Table on Others - Market size and forecast 2022-2027 ($ million)
  - Table Chart on Others - Year-over-year growth 2022-2027 (%)
  - Table Data Table on Others - Year-over-year growth 2022-2027 (%)
- Market opportunity by Product Type
  - Table Market opportunity by Product Type ($ million)
  - Table Data Table on Market opportunity by Product Type ($ million)
Market Segmentation by End-user
- Market segments
  - Table Chart on End-user - Market share 2022-2027 (%)
  - Table Data Table on End-user - Market share 2022-2027 (%)
- Comparison by End-user
  - Table Chart on Comparison by End-user
  - Table Data Table on Comparison by End-user
- Oil and gas - Market size and forecast 2022-2027
  - Table Chart on Oil and gas - Market size and forecast 2022-2027 ($ million)
  - Table Data Table on Oil and gas - Market size and forecast 2022-2027 ($ million)
  - Table Chart on Oil and gas - Year-over-year growth 2022-2027 (%)
  - Table Data Table on Oil and gas - Year-over-year growth 2022-2027 (%)
- Power generation - Market size and forecast 2022-2027
  - Table Chart on Power generation - Market size and forecast 2022-2027 ($ million)
  - Table Data Table on Power generation - Market size and forecast 2022-2027 ($ million)
  - Table Chart on Power generation - Year-over-year growth 2022-2027 (%)
  - Table Data Table on Power generation - Year-over-year growth 2022-2027 (%)
- Aerospace and defense - Market size and forecast 2022- 2027
  - Table Chart on Aerospace and defense - Market size and forecast 2022-2027 ($ million)
  - Table Data Table on Aerospace and defense - Market size and forecast 2022-2027 ($ million)
  - Table Chart on Aerospace and defense - Year-over-year growth 2022-2027 (%)
  - Table Data Table on Aerospace and defense - Year-over-year growth 2022-2027 (%)
- Automotive and transportation - Market size and forecast 2022-2027
  - Table Chart on Automotive and transportation - Market size and forecast 2022-2027 ($ million)
  - Table Data Table on Automotive and transportation - Market size and forecast 2022-2027 ($ million)
  - Table Chart on Automotive and transportation - Year-over-year growth 2022-2027 (%)
  - Table Data Table on Automotive and transportation - Year-over-year growth 2022-2027 (%)
- Others - Market size and forecast 2022-2027
  - Table Chart on Others - Market size and forecast 2022-2027 ($ million)
  - Table Data Table on Others - Market size and forecast 2022-2027 ($ million)
  - Table Chart on Others - Year-over-year growth 2022-2027 (%)
  - Table Data Table on Others - Year-over-year growth 2022-2027 (%)
- Market opportunity by End-user
  - Table Market opportunity by End-user ($ million)
  - Table Data Table on Market opportunity by End-user ($ million)
Customer Landscape
- Customer landscape overview
  - Table Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Geographic Landscape
- Geographic segmentation
  - Table Chart on Market share by geography 2022-2027 (%)
  - Table Data Table on Market share by geography 2022-2027 (%)
- Geographic comparison
  - Table Chart on Geographic comparison
  - Table Data Table on Geographic comparison
- North America - Market size and forecast 2022-2027
  - Table Chart on North America - Market size and forecast 2022-2027 ($ million)
  - Table Data Table on North America - Market size and forecast 2022-2027 ($ million)
  - Table Chart on North America - Year-over-year growth 2022-2027 (%)
  - Table Data Table on North America - Year-over-year growth 2022-2027 (%)
- APAC - Market size and forecast 2022-2027
  - Table Chart on APAC - Market size and forecast 2022-2027 ($ million)
  - Table Data Table on APAC - Market size and forecast 2022-2027 ($ million)
  - Table Chart on APAC - Year-over-year growth 2022-2027 (%)
  - Table Data Table on APAC - Year-over-year growth 2022-2027 (%)
- Europe - Market size and forecast 2022-2027
  - Table Chart on Europe - Market size and forecast 2022-2027 ($ million)
  - Table Data Table on Europe - Market size and forecast 2022-2027 ($ million)
  - Table Chart on Europe - Year-over-year growth 2022-2027 (%)
  - Table Data Table on Europe - Year-over-year growth 2022-2027 (%)
- South America - Market size and forecast 2022-2027
  - Table Chart on South America - Market size and forecast 2022-2027 ($ million)
  - Table Data Table on South America - Market size and forecast 2022-2027 ($ million)
  - Table Chart on South America - Year-over-year growth 2022-2027 (%)
  - Table Data Table on South America - Year-over-year growth 2022-2027 (%)
- Middle East and Africa - Market size and forecast 2022- 2027
  - Table Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
  - Table Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
  - Table Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
  - Table Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- US - Market size and forecast 2022-2027
  - Table Chart on US - Market size and forecast 2022-2027 ($ million)
  - Table Data Table on US - Market size and forecast 2022-2027 ($ million)
  - Table Chart on US - Year-over-year growth 2022-2027 (%)
  - Table Data Table on US - Year-over-year growth 2022-2027 (%)
- China - Market size and forecast 2022-2027
  - Table Chart on China - Market size and forecast 2022-2027 ($ million)
  - Table Data Table on China - Market size and forecast 2022-2027 ($ million)
  - Table Chart on China - Year-over-year growth 2022-2027 (%)
  - Table Data Table on China - Year-over-year growth 2022-2027 (%)
- Russia - Market size and forecast 2022-2027
  - Table Chart on Russia - Market size and forecast 2022-2027 ($ million)
  - Table Data Table on Russia - Market size and forecast 2022-2027 ($ million)
  - Table Chart on Russia - Year-over-year growth 2022-2027 (%)
  - Table Data Table on Russia - Year-over-year growth 2022-2027 (%)
- India - Market size and forecast 2022-2027
  - Table Chart on India - Market size and forecast 2022-2027 ($ million)
  - Table Data Table on India - Market size and forecast 2022-2027 ($ million)
  - Table Chart on India - Year-over-year growth 2022-2027 (%)
  - Table Data Table on India - Year-over-year growth 2022-2027 (%)
- UK - Market size and forecast 2022-2027
  - Table Chart on UK - Market size and forecast 2022-2027 ($ million)
  - Table Data Table on UK - Market size and forecast 2022-2027 ($ million)
  - Table Chart on UK - Year-over-year growth 2022-2027 (%)
  - Table Data Table on UK - Year-over-year growth 2022-2027 (%)
- Market opportunity by geography
  - Table Market opportunity by geography ($ million)
  - Table Data Tables on Market opportunity by geography ($ million)
Drivers, Challenges, and Trends
- Market drivers
  - Increase in oil and gas and power generation projects
  - Growing regulatory compliance requirements for preventing accidents
  - Growing demand for RVI in aerospace industry
- Market challenges
  - Growing availability of pre-used variants of NDT equipment
  - Growing dependence on third-party service providers for NDT
  - Stringent regulations on NDT
- Impact of drivers and challenges
  - Table Impact of drivers and challenges in 2022 and 2027
- Market trends
  - Rising demand for ultrasonic testing equipment
  - Advent of new types of materials for manufacturing
  - Growing demand for NDT in AM
Vendor Landscape
- Overview
- Vendor landscape
  - Table Overview on Criticality of inputs and Factors of differentiation
- Landscape disruption
  - Table Overview on factors of disruption
- Industry risks
  - Table Impact of key risks on business
Vendor Analysis
- Vendors covered
  - Table Vendors covered
- Market positioning of vendors
  - Table Matrix on vendor position and classification
- Ashtead technology
  - Table Ashtead technology - Overview
  - Table Ashtead technology - Product / Service
  - Table Ashtead technology - Key offerings
- Carl Zeiss AG
  - Table Carl Zeiss AG - Overview
  - Table Carl Zeiss AG - Business segments
  - Table Carl Zeiss AG - Key offerings
  - Table Carl Zeiss AG - Segment focus
- Cygnus Instruments Ltd.
  - Table Cygnus Instruments Ltd. - Overview
  - Table Cygnus Instruments Ltd. - Product / Service
  - Table Cygnus Instruments Ltd. - Key offerings
- Eddyfi NDT Inc.
  - Table Eddyfi NDT Inc. - Overview
  - Table Eddyfi NDT Inc. - Product / Service
  - Table Eddyfi NDT Inc. - Key offerings
- FUJIFILM Corp.
  - Table FUJIFILM Corp. - Overview
  - Table FUJIFILM Corp. - Business segments
  - Table FUJIFILM Corp. - Key news
  - Table FUJIFILM Corp. - Key offerings
  - Table FUJIFILM Corp. - Segment focus
- General Electric Co.
  - Table General Electric Co. - Overview
  - Table General Electric Co. - Business segments
  - Table General Electric Co. - Key news
  - Table General Electric Co. - Key offerings
  - Table General Electric Co. - Segment focus
- HELMUT FISCHER GMBH
  - Table HELMUT FISCHER GMBH - Overview
  - Table HELMUT FISCHER GMBH - Product / Service
  - Table HELMUT FISCHER GMBH - Key offerings
- Illinois Tool Works Inc.
  - Table Illinois Tool Works Inc. - Overview
  - Table Illinois Tool Works Inc. - Business segments
  - Table Illinois Tool Works Inc. - Key offerings
  - Table Illinois Tool Works Inc. - Segment focus
- Mistras Group Inc.
  - Table Mistras Group Inc. - Overview
  - Table Mistras Group Inc. - Business segments
  - Table Mistras Group Inc. - Key offerings
  - Table Mistras Group Inc. - Segment focus
- MME Group
  - Table MME Group - Overview
  - Table MME Group - Product / Service
  - Table MME Group - Key offerings
- Nikon Corp.
  - Table Nikon Corp. - Overview
  - Table Nikon Corp. - Business segments
  - Table Nikon Corp. - Key news
  - Table Nikon Corp. - Key offerings
  - Table Nikon Corp. - Segment focus
- Olympus Corp.
  - Table Olympus Corp. - Overview
  - Table Olympus Corp. - Business segments
  - Table Olympus Corp. - Key news
  - Table Olympus Corp. - Key offerings
  - Table Olympus Corp. - Segment focus
- Sonatest Inc.
  - Table Sonatest Inc. - Overview
  - Table Sonatest Inc. - Product / Service
  - Table Sonatest Inc. - Key offerings
- YXLON International GmbH
  - Table YXLON International GmbH - Overview
  - Table YXLON International GmbH - Product / Service
  - Table YXLON International GmbH - Key offerings
- Zetec Inc.
  - Table Zetec Inc. - Overview
  - Table Zetec Inc. - Product / Service
  - Table Zetec Inc. - Key offerings
Appendix
- Scope of the report
  - Market definition
  - Objectives
  - Notes and caveats
- Inclusions and exclusions checklist
  - Table Inclusions checklist
  - Table Exclusions checklist
- Currency conversion rates for US$
  - Table Currency conversion rates for US$
- Research methodology
  - Table Research methodology
  - Table Validation techniques employed for market sizing
  - Table Information sources
- List of abbreviations
  - Table List of abbreviations