Global Ultrasonic Testing Market Growth (Status and Outlook) 2023-2029

Global Ultrasonic Testing Market Growth (Status and Outlook) 2023-2029

Ultrasonic testing is a family of non-destructive testing techniques based on the propagation of ultrasonic waves in the object or material tested.

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

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

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

The global Ultrasonic Testing market size is projected to grow from US$ 2414.6 million in 2022 to US$ 3440.1 million in 2029; it is expected to grow at a CAGR of 5.2% from 2023 to 2029.

United States market for Ultrasonic Testing is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

China market for Ultrasonic Testing is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Europe market for Ultrasonic Testing is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Global key Ultrasonic Testing players cover General Electric, Olympus, Sonatest, Sonotron NDT, Karl Deutsch, Proceq, Zetec, Magnaflux and MISTRAS Group, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.

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

Market Segmentation:

Segmentation by type
Ultrasonic Flaw Detectors
Ultrasonic Thickness Gauges
Transducers & Probes
Industrial Scanners
Tube Inspection Systems
Ultrasonic Bond Testers
Others

Segmentation by application
Aerospace & Defense
Automotive
Oil & Gas
Infrastructure
Power Generation
Manufacturing
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
Sonatest
Sonotron NDT
Karl Deutsch
Proceq
Zetec
Magnaflux
MISTRAS Group
Kropus
Centurion NDT
NDT Systems (Nova Instruments)
Hitachi Power Solutions
Modsonic
RYOSHO
Dakota Ultrasonics
PCE Instruments
Eddyfi Technologies
SONOTEC
TecScan System
Cygnus Instruments
Zeal International

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