Non-Destructive Testing Market, By Offering, By Technique, By Vertical, By Geography

Description

The non-destructive testing market is estimated to be valued at US$ 17.33 Bn in 2024 and is expected to reach US$ 33.21 Bn by 2031, growing at a compound annual growth rate (CAGR) of 9.7% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 17.33 Bn
Historical Data for:	2019 To 2023	Forecast Period:	2024 To 2031
Forecast Period 2024 to 2031 CAGR:	9.70%	2031 Value Projection:	US$ 33.21 Bn

Figure. Non-Destructive Testing Market Share (%), By Region, 2024

Non-Destructive Testing (NDT) refers to a wide range of analysis techniques used in science and industry to evaluate the properties of a material, component, or system without causing damage. It is a group of analysis techniques used in industry to evaluate the properties of materials or components without causing damage. It includes methods such as ultrasonic, radiographic, liquid penetrant, magnetic particle, eddy-current, acoustic emission, and visual testing. NDT allows manufacturers to assess materials and components without compromising their integrity. Additionally, NDT methods help detect internal imperfections or discontinuities which are not normally visible. This has made NDT methods increasingly useful in the manufacturing sector across various industries including oil and gas, aerospace, automotive, etc. for quality control and assurance.

Market Dynamics:

The non-destructive testing market is driven by growing infrastructure development activities across various industries globally. Rising needs for quality control and assurance is a major driver as NDT helps manufacturers detect internal defects in materials and components non-invasively. Moreover, stringent safety and quality regulations especially in industries like oil & gas and aerospace are boosting the adoption of advanced NDT technologies. However, high costs associated with NDT equipment and skilled workforce required to operate such equipment poses a challenge for smaller businesses. On the other hand, growing focus on predictive maintenance and condition monitoring using techniques like ultrasonic and acoustic emission provides lucrative opportunities for market players. Additionally, rapid industrialization and manufacturing activities in developing nations also augments growth prospects for the Non-Destructive Testing (NDT) market.

Key Features of the Study:

This report provides an in-depth analysis of the global non-destructive testing market, and provides market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2024-2031), considering 2023 as the base year.
It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players.
It profiles key players in the global non-destructive testing market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies.
Key companies covered as a part of this study include Previan Technologies, Inc., Bureau Veritas, Fischer Technology Inc. (Helmut Fischer), MISTRAS Group, Comet Group (YXLON International), MME Group, TWI Ltd., Nikon Corporation, Olympus Corporation, Sonatest, Acuren, Intertek Group plc, CREAFORM, Vidisco Ltd., SGS S.A., and General Electric.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
The global non-destructive testing market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global non-destructive testing market.

Detailed Segmentation-

By Offering
- Equipment
- Service
By Technique
- Ultrasonic Testing
- Visual Inspection Testing
- Magnetic Particle Testing
- Liquid Penetrant Testing
- Eddy-Current Testing
- Radiographic Testing
- Acoustic Emission Testing
- Others
By Vertical
- Manufacturing
- Oil & Gas
- Aerospace
- Public Infrastructure
- Automotive
- Power Generation
- Others
By Regional
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
- Africa
Key Players
- Previan Technologies, Inc.
- Bureau Veritas
- Fischer Technology Inc. (Helmut Fischer)
- MISTRAS Group
- Comet Group (YXLON International)
- MME Group
- TWI Ltd.
- Nikon Corporation
- Olympus Corporation
- Sonatest
- Acuren
- Intertek Group plc
- CREAFORM
- Vidisco Ltd.
- SGS S.A.
- General Electric

Product Code: CMI5350

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Offering
- Market Snippet, By Technique
- Market Snippet, By Vertical
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- Opportunities
Regulatory Scenario
Industry Trend
Merger and Acquisitions
New System Launches/Approvals
Impact of the COVID-19 Pandemic

4. Global Non-Destructive Testing Market, By Offering, 2019-2031 (US$ Billion)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
Equipment
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
Service
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)

5. Global Non-Destructive Testing Market, By Technique, 2019-2031 (US$ Billion)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
Ultrasonic Testing
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
Visual Inspection Testing
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
Magnetic Particle Testing
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
Liquid Penetrant Testing
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
Eddy-Current Testing
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
Radiographic Testing
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
Acoustic Emission Testing
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
Others
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)

6. Global Non-Destructive Testing Market, By Vertical, 2019-2031 (US$ Billion)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
Manufacturing
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
Oil & Gas
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
Aerospace
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
Public Infrastructure
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
Automotive
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
Power Generation
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
Others
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)

7. Global Non-Destructive Testing Market, By Region, 2019-2031 (US$ Billion)

Introduction
- Market Share Analysis, By Region, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
North America
- Regional Trends
- Market Size and Forecast, By Offering, 2019-2031 (US$ Billion)
- Market Size and Forecast, By Technique, 2019-2031 (US$ Billion)
- Market Size and Forecast, By Vertical, 2019-2031 (US$ Billion)
- Market Share Analysis, By Country, 2019 and 2031 (%)
  - U.S.
  - Canada
  - Europe
- Regional Trends
- Market Size and Forecast, By Offering, 2019-2031 (US$ Billion)
- Market Size and Forecast, By Technique, 2019-2031 (US$ Billion)
- Market Size and Forecast, By Vertical, 2019-2031 (US$ Billion)
- Market Share Analysis, By Country, 2019 and 2031 (%)
  - U.K.
  - Germany
  - Italy
  - France
  - Russia
  - Rest of Europe
  - Asia Pacific
- Regional Trends
- Market Size and Forecast, By Offering, 2019-2031 (US$ Billion)
- Market Size and Forecast, By Technique, 2019-2031 (US$ Billion)
- Market Size and Forecast, By Vertical, 2019-2031 (US$ Billion)
- Market Share Analysis, By Country, 2019 and 2031 (%)
  - China
  - India
  - ASEAN
  - Australia
  - South Korea
  - Japan
  - Rest of Asia Pacific
  - Latin America
- Regional Trends
- Market Size and Forecast, By Offering, 2019-2031 (US$ Billion)
- Market Size and Forecast, By Technique, 2019-2031 (US$ Billion)
- Market Size and Forecast, By Vertical, 2019-2031 (US$ Billion)
- Market Share Analysis, By Country, 2019 and 2031 (%)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
  - Middle East & Africa
- Regional Trends
- Market Size and Forecast, By Offering, 2019-2031 (US$ Billion)
- Market Size and Forecast, By Technique, 2019-2031 (US$ Billion)
- Market Size and Forecast, By Vertical, 2019-2031 (US$ Billion)
- Market Share Analysis, By Country, 2019 and 2031 (%)
  - GCC Countries
  - South Africa
  - Rest of the Middle East & Africa

8. Competitive Landscape

Company Profiles
- Previan Technologies, Inc.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Bureau Veritas
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Fischer Technology Inc. (Helmut Fischer)
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- MISTRAS Group
- Comet Group (YXLON International)
- MME Group
- TWI Ltd.
- Nikon Corporation
- Olympus Corporation
- Sonatest
- Acuren
- Intertek Group plc
- CREAFORM
- Vidisco Ltd.
- SGS S.A.
- General Electric

9. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

10. Research Methodology

References
Research Methodology
About us and Sales Contact