PUBLISHER: KBV Research | PRODUCT CODE: 1457233
PUBLISHER: KBV Research | PRODUCT CODE: 1457233
The Europe NDT and Inspection Market would witness market growth of 10.0% CAGR during the forecast period (2023-2030).
The Germany market dominated the Europe NDT and Inspection Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,344.3 million by 2030. The UK market is exhibiting a CAGR of 9% during (2023 - 2030). Additionally, The France market would experience a CAGR of 10.8% during (2023 - 2030).
The NDT and inspection landscape have witnessed dynamic trends and innovations driven by technological advancements and industry demands. The integration of AI and ML technologies is revolutionizing NDT processes. Advanced algorithms enable automated defect recognition, predictive maintenance, and real-time data analysis. AI-driven solutions enhance the efficiency and accuracy of inspections, allowing for more proactive and data-driven decision-making.
Furthermore, the advent of Industry 4.0 has ushered in a new era of digitalization in NDT. IoT (Internet of Things) sensors and connected devices enable continuous monitoring of assets, providing real-time insights into their condition. Innovations in sensor technologies have expanded the capabilities of NDT. Ultrasonic, radiographic, and electromagnetic sensors are becoming more sophisticated, allowing for more precise and comprehensive inspections.
The EU automotive sector strongly emphasizes maintaining high-quality standards. NDT and inspection technologies ensure that automotive components and materials meet stringent quality assurance requirements. As per the data provided by Eurostat in 2023, over the past five years, the passenger automobile fleet in practically all EU Member States has increased, surpassing the EU's total of 250 million cars. Poland has the most vehicles per thousand people, followed by Italy and Luxembourg. Thus, Europe's growing automotive and aerospace sectors will boost the demand for its procedures in the region.
Based on Offering, the market is segmented into Services (Inspection Services, Equipment Rental Services, Calibration Services, and Training Services) and Technique (Ultrasonic Testing (UT), Magnetic Particle Testing (MPT), Radiographic Testing (RT), Acoustic Emission Testing (AET), Visual Testing (VT), Liquid Penetrant Testing (LPT) and Eddy-Current Testing (ECT)s). Based on Vertical, the market is segmented into Manufacturing, Public Infrastructure, Automotive, Power Generation, Aerospace, Oil & Gas and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
List of Key Companies Profiled
Europe NDT and Inspection Market Report Segmentation
By Offering
By Vertical
By Country