The Non-Destructive Testing Equipment Market size is estimated at USD 3.02 billion in 2024, and is expected to reach USD 4.28 billion by 2029, growing at a CAGR of 7.20% during the forecast period (2024-2029).
The non-destructive testing (NDT) equipment market concentration is moderately high with the presence of key players like Olympus Corporation, Baker Hughes, YXLON International GmbH (COMET Holding AG), OkoNDT group, and Applus+ Laboratories, among others. Players in the market are adopting strategies such as partnerships and acquisitions to enhance their product offerings and gain sustainable competitive advantage. For instance,
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