Non-Destructive Testing (NDT) Market Size By Method (Volumetric Inspection, Surface Inspection, Visual Inspection), By Technology (Ultrasonic Inspection, Radiography Testing, Eddy Current Testing), By Application (Oil & Gas, Manufacturing, Government, Automotive, Energy, Aerospace) & Forecast, 2023 - 2032
Non-Destructive Testing (NDT) Market is anticipated to depict strong growth during 2023–2032 owing to the increasing outsourcing of testing requirements from large corporations and state-owned establishments to external specialists. This is done to lower the company’s costs and focus on its core competencies. The service also assists the firm in efficiently using its employees, capital, and other technological resources.
Overall, the non-destructive testing (NDT) industry is segmented in terms of method, technology, application, and business.
Based on the method, the surface inspection segment is projected to grow considerably during 2023–2032. The segmental growth can be credited to the increasing pressure on manufacturing facilities to reduce the number of product surface irregularities. In addition, the wide application of surface inspection across industries such as automobile, food, web inspection, nonwovens, metal, paper, semiconductor, and electrical and electronics will assist the product demand.
Considering the technology, the dye penetration testing segment will be valued at over USD 2 billion by 2032. The technological growth is likely to come from its surging demand as it detects castings, forgings, and weldments. The technique is also widely used to detect surface flaws or defects, such as in forgings, weldments, and castings. In addition, extensive use of such technologies in aerospace, oil & gas, petrochemical, and power generation organizations will boost their penetration in the coming years.
In terms of application, the aerospace industry held over 10% market share in 2022 and is anticipated to gain strong momentum during the forecast period. Increasing use of non-destructive testing for monitoring and testing critical components without impacting their structural integrity will help the segment growth.
Regionally, the North America non–destructive testing market will garner notable gains during the anticipated timespan owing to the implementation of several supportive government regulations that have encouraged firms to deploy NDT services. Besides, the presence of several oil refineries and the rising domestic production of natural gas & oil have also surged the widespread adoption of NDT services. Apart from this, the wide penetration of innovative technologies across several industry sectors will also promote the use of NDT solutions in American countries.
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