Global Ultrasonic Flaw Detector Market Growth 2023-2029

Global Ultrasonic Flaw Detector Market Growth 2023-2029

Ultrasonic flaw detection is basically a comparative technique. Using appropriate reference standards along with a knowledge of sound wave propagation and generally accepted test procedures, a trained operator identifies specific echo patterns corresponding to the echo response from good parts and from representative flaws. Ultrasonic Flaw Detectors include conventional Ultrasonic Flaw Detector, phased array instruments, TOFD Ultrasonic Flaw Detector etc.

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

This Insight Report provides a comprehensive analysis of the global Ultrasonic Flaw Detector 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 Ultrasonic Flaw Detector portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Ultrasonic Flaw Detector market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Ultrasonic Flaw Detector 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 Ultrasonic Flaw Detector.

The global Ultrasonic Flaw Detector market size is projected to grow from US$ 309.2 million in 2022 to US$ 471.9 million in 2029; it is expected to grow at a CAGR of 471.9 from 2023 to 2029.

The global market is dominated by some players, top 5 manufacturers occupy for over 54% of global market share. Baker Hughes (GE) is the largest producer, and Olympus is the second. They account for about 16% and nearly 12% of the global market, respectively.

In terms of application areas, ultrasonic flaw detectors are the most used in Manufacturing and Machinery, accounting for about 22%. The applications in Energy, Aerospace, Oil & Gas and Automotive are basically the same, at about 15%.

This report presents a comprehensive overview, market shares, and growth opportunities of Ultrasonic Flaw Detector market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Conventional Ultrasonic Flaw instruments
Phased Array Ultrasonic Flaw Detector
TOFD Ultrasonic Flaw Detector

Segmentation by application
Energy
Aerospace
Oil & Gas
Manufacturing and Machinery
Automotive
Railways

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.
Baker Hughes (GE)
Olympus
Sonatest
Sonotron NDT
Karldeutsch
Proceq
Zetec
Kropus
Centurion NDT
Nova Instruments(NDT Systems)
Hitachi Power Solutions
Modsonic
Ryoden Shonan Electronics Corporation
KJTD
Novotest
Dakota Ultrasonics
Mitech
Siui
Nantong YouLian
Doppler
Suzhou Fuerte
Wuhan Zhongke Innovation
RDM

Key Questions Addressed in this Report

What is the 10-year outlook for the global Ultrasonic Flaw Detector market?

What factors are driving Ultrasonic Flaw Detector market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Ultrasonic Flaw Detector market opportunities vary by end market size?

How does Ultrasonic Flaw Detector break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

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