The Non-destructive Testing (NDT) in the Aerospace and Defense Market was valued at USD 6.8 billion last year and is expected to reach a value of USD 15.16 billion by the end of the forecast period while registering a CAGR of 15.74% during the forecast period. Non-destructive testing tools also lower production costs while preserving a constant level of quality. The main drivers of the growth of the non-destructive testing equipment market globally are strict government safety regulations for quality control, ensuring machine safety and reliability, and rising demand to improve the quality and longevity of the machines. The aerospace and aviation industries depend heavily on non-destructive testing.
The NDT in the Aerospace and Defense Market is quite competitive and moderately fragmented. This is due to the presence of significant players such as Mistras Group, Fujifilm NDT Systems, GE Measurement and Control, NikonMetrology Inc., Magnaflux Corporation, etc. Prominent companies are entering into collaborations and launching innovative solutions to increase their market share.
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