Non-Destructive Testing (NDT) Equipment Market Size- By Testing Method, By Technique, By Industry Vertical- Regional Outlook, Competitive Strategies and Segment Forecast to 2032

Non-Destructive Testing (NDT) Equipment Market Size- By Testing Method, By Technique, By Industry Vertical- Regional Outlook, Competitive Strategies and Segment Forecast to 2032

Global Non-Destructive Testing (NDT) Equipment Market Overview

According to SPER Market Research, the Global Non-Destructive Testing Equipment Market is estimated to reach USD 9.33 billion by 2032 with a CAGR of 8.95 %. The technique of non-destructive testing (NDT) is used to find flaws and discontinuities in materials, components, and structures. The NDT market is anticipated to expand significantly as a result of ongoing advancements in robotics, automation, oil & gas, electronics, and robotics, as well as an increase in demand for high-quality machinery. Businesses must be certified for quality in compliance with regulations, which include the ISO 9001 quality management system and other certifications for quality control and assurance.

Impact of COVID-19 on the Global Non-Destructive Testing Equipment Market

The global non-destructive testing equipment market has been significantly affected by the COVID-19 pandemic, similar to most other industries, according to Akash Samal. The pandemic resulted in reduced global trade, industrial output, and manufacturing activities, leading to a temporary decrease in demand for NDT equipment. This was mainly due to the temporary closure of factories and industrial plants, which resulted in fewer inspection and testing services being required.

Scope of the Report:

Report Metric Details
Market size available for years 2019-2032
Base year considered 2021
Forecast period 2022-2032
Segments covered

By Testing Method, By Technique, By Industry Vertical
Regions covered Asia-Pacific, Europe, Middle East and Africa, North America, Latin America

Companies Covered Applus Services, Baker Hughes, Bureau Veritas S.A., Fujifilm Corporation, Innospection Limited, Intertek Group Plc., Mistras Group Inc., Nikon Metrology NV, OkoNDT Group, Olympus Corporation,

Global Non-Destructive Testing Equipment Market Segmentation:

By Testing Method: Based on the Testing Method, Global Non-Destructive Testing Equipment Market is segmented as; Eddy Current Testing, Liquid Penetrant Testing, Radiography Testing, Ultrasonic Testing and Others.

By Industry Vertical: Based on the Industry Vertical, Global Non-Destructive Testing Equipment Market is segmented as; Aerospace and Defense, Automotive and Transportation, Energy and Power, Infrastructure, Oil and Gas, Others

By Region: With a sizable revenue share, North America emerged as the main segment. This is credited to the widespread use of NDT techniques, the accessibility of a qualified workforce, and the abundance of non-destructive testing training facilities in the area.