Non-Destructive Testing (NDT) Market: By Offerings (Services, Equipment), By Test Methods (Traditional Methods, Ded Ultrasonic Testing)and Geography, and Region (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa)—Forecast till 2028

Description

Market Overview:

Non-Destructive Testing (NDT) Market size was valued at USD 18.3 billion during 2019 and is projected to rise from USD 19.09 billion in 2023 to USD 34.2 billion by 2031, increasing at a CAGR of 7.9% in the forecast period (2024-2031).Non-destructive testing (NDT), or non-destructive testing and inspection, is a multidisciplinary field that participates in quality assurance with materials science. It includes examining and evaluating materials, components, or assemblies without cooperating with usability. Using different testing methods, proficient technicians can detect cracks, voids, inclusions, weld discontinuities, and improperly accumulated subcomponents.NDT is crucial in confirming product integrity and dependability, controlling manufacturing procedures, decreasing production costs, and maintaining dependable quality standards.

Market Size for Global Non-Destructive Testing (NDT) Marketon the Basis of Revenues in USD Bn , 2018-2023

Source: Maven Market Research

What Factors are leading to the Growth of Global Non-Destructive Testing (NDT) Market:

• The rising adoption of ultrasonic testing techniques is largely propelled by their effectiveness in detecting defects and the ease of functioning ultrasonic equipment compared to other NDT approaches. In addition, the simplicity of this testing method proposes that improvements in ultrasonic technology are likely to endure.
• The increase in automation within the industrial manufacturing and infrastructure sectors has considerably boosted the need for flaw detection, comprising the identification of cracks, porosity, and manufacturing defects. Consequently, compliance with industrial safety standards has become a key driver of growth in the NDT market globally.
• Growing awareness among producers about the benefits of Non-destructive Testing (NDT) is projected to improve the implementation of NDT techniques during the coming years.

Which Industry Trends have been Fueling the Growth?

Rising demand for quality assurance in various industries will boost market growth: Non-Destructive Testing (NDT) services and equipment are important for confirming material truthfulness and quality, detecting defects, and averting failures or accidents. Industries including aerospace, automotive, manufacturing, oil and gas, and power generation prioritize quality assurance to confirm the safety, reliability, and performance of their products and infrastructure. Additionally, innovations in NDT techniques, including Computed Tomography (CT), phased array ultrasonic, and distant visual inspection, have enhanced precision, effectiveness, and the capability to detect secreted flaws.

Strict Safety Regulations Drives the Global Market Growth: Governments and regulatory bodies across the globe are implementing stringent safety regulations to protect public health and the environment. Industries must obey these quality and safety standards to comply with the regulations. Non-Destructive Testing (NDT) methods are essential in helping industries meet these requirements by recognizing defects in structures, pipelines, and several other equipment. Moreover, NDT supports detect risks connected to product failures, structural defects, and security hazards, enabling for early problem detection and timely remedial actions. This decreases the likelihood of expensive product failures, downtime, and accidents, eventually saving industries money on repairs and maintenance.

What is the Current Structure for Global Non-Destructive Testing (NDT) Market?

By Offering, the Service Segment Dominates the Market Growth

The services segment led the market in 2022, accounting highest value of revenue, and is estimated to remain dominant during the coming years. A key reason end-users outsource NDT operations is the high initial pricing of non-destructive equipment, along with the technical difficulties of deployment and installation. Additionally, the shortage of skilled personnel proficient in NDT limits the extensive adoption of NDT equipment across the globe. Moreover, stringent government standards on workplace security further incentivize end-users to outsource NDT functions to third-party service providers.

By Test Method, Traditional Test Method Segment Registers the Largest Market Share in the Global Market

The traditional test method segment held the largest market share, primarily propelled by the growing utilization of traditional NDT methods including visual testing, magnetic particle testing, liquid penetrant testing, eddy current testing, ultrasonic testing, and radiographic testing. Ultrasonic testing stands out owing to its portability, ease of use, and ability to deliver precise results compared to other traditional NDT approaches. As a result, the acceptance of ultrasonic testing is experiencing significant growth and is expected to continue advancing during the coming years.

By Region, North America Held the Largest Market Revenue Share in the Global Market

North America appeared as the dominant segment, capturing the highest revenue share. This dominance is accredited to the widespread adoption of NDT techniques across different applications, the existence of a highly skilled workforce, and numerous non-destructive testing training institutes across the region. Furthermore, the region’s growth is estimated to be positively propelled by the usage of shale oil for power generation across the United States and Canada. The increasing emphasis on utilizing NDT to safeguard unforeseen system failures is also estimated to propel the regional market.

Competitive Analysis

Companies in the non-destructive testing NDT market are significantly funding their efforts in introducing new services and products to expand their customer base. Market players in the global market are funding dissimilar research and development activities to expand their footprint globally coupled with implementing different growth strategies including joint ventures, new product launches, mergers and acquisitions, collaboration, and others to offer people different benefits. The non-destructive testing (NDT) services market major players such as MISTRAS Group, Inc. (U.S.),Olympus Corporation (Japan),GE Inspection Technologies (U.S.),SGS S.A. (Switzerland),Olympus Corporation (Japan),Intertek Group PLC (U.K.),Nikon Metrology, Inc. (U.S.),Sonatest Ltd. (U.K),Bosello High Technology S.R.L. (Italy),Fujifilm Holdings Corporation (Japan) and Ashtead Technology, Inc. (U.S.).

Market Segmentation

Global Non-Destructive Testing (NDT) Market, By Offering

• Services
• Inspection Services
• Training Services
• Support and Maintenance Services
• Others
• Equipment

Global Non-Destructive Testing (NDT) Market, By Test Methods

• Traditional NDT Method
• Visual Testing
• Magnetic Particle Testing
• Liquid Penetrant Testing
• Eddy Current Testing
• Ultrasonic Testing
• Radiographic Testing
• Ded Ultrasonic Testing (AUT)igital Radiography (DR)
• Phased Array Ultrasonic Testing (PAUT)
• Pulsed Eddy Current (PEC)
• Time-Of-Flight Diffraction (TOFD)
• Alternating Current Field Measurement (ACFM)
• Automat

Global Non-Destructive Testing (NDT) Market, by Region

• North America
  • US
  • Canada
• Europe
  • Germany
  • UK
  • Russia
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Indonesia
  • Malaysia
  • Rest of Asia-Pacific
• Latin America
  • Mexico
  • Brazil
  • Argentina
  • Rest of Latin America
• Middle East & Africa
  • GCC Countries
  • Turkey
  • South Africa
  • Rest of Middle East & Africa

Market Players Included

• Fujifilm Holdings Corporation
• Mistras Group, Inc.
• Zetec Inc.
• Ashtead Technology Ltd.
• Nikon Corporation
• Eddyfi Technologies Inc.
• Sonatest Ltd.
• Magnetic Analysis Corporation
• Yxlon International GmbH
• Comet Group
• Fischer Technology Inc.
• D. Williamson, Inc.
• ZK Inspection Group Co., Ltd.
• Bureau Veritas S.A.
• Intertek Group plc
• MFE Enterprises, Inc.