Global Non-Destructive Testing Instruments Market Growth (Status and Outlook) 2023-2029

Global Non-Destructive Testing Instruments Market Growth (Status and Outlook) 2023-2029

Non-destructive testing instruments are a wide group of equipment used in science and industry to evaluate the properties of a material, component or system without causing damage. Common NDT methods include ultrasonic, magnetic-particle, liquid penetrant, radiographic, remote visual inspection, eddy-current testing, and low coherence interferometry.

LPI (LP Information)' newest research report, the “Non-Destructive Testing Instruments Industry Forecast” looks at past sales and reviews total world Non-Destructive Testing Instruments sales in 2022, providing a comprehensive analysis by region and market sector of projected Non-Destructive Testing Instruments sales for 2023 through 2029. With Non-Destructive Testing Instruments sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Non-Destructive Testing Instruments industry.

This Insight Report provides a comprehensive analysis of the global Non-Destructive Testing Instruments landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Non-Destructive Testing Instruments portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Non-Destructive Testing Instruments market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Non-Destructive Testing Instruments and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Non-Destructive Testing Instruments.

The global Non-Destructive Testing Instruments market size is projected to grow from US$ 4550.8 million in 2022 to US$ 6850.3 million in 2029; it is expected to grow at a CAGR of 6.0% from 2023 to 2029.

Global Non-Destructive Testing Instruments key players include General Electric, Olympus Corporation, Fujifilm, Nikon, etc. Global top four manufacturers hold a share about 35%.

North America is the largest market, with a share over 35%, followed by Asia-Pacific and Europe, both have a share about 50 percent.

In terms of product, Ultrasonic Test Equipment is the largest segment, with a share about 33%. And in terms of application, the largest application is Oil & Gas Industry, followed by Aerospace & Defense Industry, Automotive Industry, Infrastructure Industry, Power Generation Industry, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of Non-Destructive Testing Instruments market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type

Ultrasonic Test Equipment

Magnetic Particle Test Equipment

Visual Inspection Equipment

Radiography Test Equipment

Penetrant Test Equipment

Others

Segmentation by application

Aerospace and Defense Industry

Automotive Industry

Oil and Gas Industry

Infrastructure Industry

Power Generation Industry

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

General Electric

Olympus Corporation

Mistras

Nikon

Magnaflux

YXLON

Fujifilm

Sonatest

Zetec

Bosello High Technology

Union

Please note: The report will take approximately 2 business days to prepare and deliver.