NDT and Inspection Market by Technique, Service, Method, Vertical, Application and Region

Description

The NDT and inspection market is expected to reach USD 18.4 billion by 2029 from USD 11.6 billion in 2024, at a CAGR of 9.6% during the 2024-2029 period. The adoption of NDT and inspection techniques and services is witnessing widespread acceptance globally, as they prove instrumental in evaluating various components and materials for flaw detection without causing harm. Factors such as the increasing complexity of machinery, a growing need for precise product usage specifications, stringent government regulations to ensure workforce safety, and heightened quality control requirements are pivotal in propelling the NDT and inspection equipment and services market growth. Instances of infrastructure failures, like nuclear refinery leakages and pipeline explosions, have prompted governments worldwide to enforce stringent safety regulations, contributing to the rising demand for NDT and inspection services.

Scope of the Report
Years Considered for the Study	2020-2029
Base Year	2023
Forecast Period	2024-2029
Units Considered	Value (USD Billion)
Segments	By Technique, Service, Method, Vertical, Application and Region
Regions covered	North America, Europe, APAC, RoW

Governments globally endorse using NDT and inspection technologies to manage workforce and manufacturing activities effectively. Notably, regulatory bodies, such as the American Society for Nondestructive Testing (ASNT), the American Society for Testing Material (ASTM) International, the International Organization for Standardization (ISO), and the European Committee for Standardization (CEN), play a significant role in developing and publishing industrial standards. These organizations have introduced various standards, emphasizing the importance of NDT qualification and certification, contributing to the growing prominence of NDT and inspection techniques and services.

In addition, ASTM standards, such as E703-14 for electromagnetic sorting of non-ferrous metals, E213-14e1 for ultrasonic testing of metal pipes and tubing, and E155-15 for reference radiographs for the inspection of aluminum and magnesium castings, guide inspection activities. Regulatory bodies like the Petroleum and Natural Gas Regulatory Board (PNGRB) in India and the Bureau of Ocean Energy Management (BOEM) in the US further oversee and regulate activities related to refining, processing, storage, transportation, and distribution, reinforcing the importance of NDT and inspection in ensuring compliance and safety within these sectors

"Emphasis on sustainability and eco-friendly practices leads to increase in the demand of NDT and Inspection market."

In an era where environmental consciousness is paramount, clients are actively seeking non-destructive testing (NDT) methods and equipment with minimal ecological impact. Suppliers embracing sustainability not only address client concerns but also tap into a broader clientele base. The forefront of this movement is marked by the development of green NDT practices.

Utilizing environmentally conscious methods and cutting-edge technologies, the NDT industry is working towards a reduction in the ecological footprint of inspections. Green NDT goes beyond specific techniques; it embodies a philosophy ingrained in the entire inspection process.

Practitioners, guided by sustainability principles, make conscientious choices at every stage, from equipment design to waste disposal. This holistic approach ensures a comprehensive reduction in the environmental impact of NDT practices.

Despite the immense promise that green NDT holds, challenges persist. Developing universally accepted standards for eco-friendly techniques, managing the transition from conventional methods to sustainable alternatives, and raising awareness about the importance of such choices are ongoing endeavors.

However, the commitment of the NDT community to sustainable progress serves as a driving force in finding solutions to these challenges. As the industry strives towards greener practices, it not only contributes to environmental conservation but also sets a precedent for responsible and sustainable advancements in Non-Destructive Testing.

"Services of NDT and Inspection market is expected to have the largest market share from 2024-2029."

NDT inspection and control technology is gaining prominence in various end-user industries due to the rise in NDT service providers and increasing demand for NDT and inspection services, particularly in the manufacturing and power generation sectors. Across industries, the adoption of NDT and inspection technology is crucial during engineering, assembly, and operational phases. The identification of discontinuities, defects, or faults in products, components, or materials is essential to enhance quality and plant reliability.

This chapter encompasses inspection services, equipment rental services, training services, and calibration services. Inspection services include magnetic particle testing, radiographic testing, Eddy-current testing, ultrasonic testing, liquid penetrant testing, and visual testing. These services prove invaluable in rectifying defective components early in the process, preventing the need to address issues at later stages. Conducting defect detection using NDT technology in the initial stages not only saves time and resources but also upholds consistent standards and product quality. Beyond averting potential calamities, it ensures the safety of workers and equipment.

Given the high costs associated with various NDT and inspection tools, purchasing them outright may not be financially viable. Consequently, the market for rental and training services is anticipated to witness significant growth.

"Inspection services of NDT and Inspection market is projected to have the largest market size in the forecast period."

NDT inspection services leverage advanced NDT equipment to scrutinize new infrastructures and conduct proactive maintenance activities on existing structures. This technique proves invaluable in affirming the robustness of materials, identifying potential instabilities, evaluating performance, and pinpointing defective components. The spectrum of NDT inspection services primarily encompasses ultrasonic inspection, radiographic inspection, visual inspection, surface inspection, advanced Eddy-current inspection, and liquid penetrant testing. Leading the domain of NDT inspection services are prominent entities such as Olympus Corporation (Japan), Sonatest (UK), and MISTRAS Group (US). Additionally, NDT Global (UK) specializes in providing comprehensive inline inspection services (ILI) tailored for onshore and offshore pipelines globally, aligning seamlessly with the diverse requirements of their clients.

"China is expected to have the largest market share in the Asia Pacific region for NDT and Inspection from 2024-2029."

China is poised to maintain its dominance in the Asia Pacific NDT and inspection market, holding the largest market share in the coming years. Despite having well-established in-house inspection facilities, there is a persistent high demand for NDT and inspection techniques in China, particularly within the manufacturing and oil & gas sectors. The ongoing exploration of shale gas sites in the country is anticipated to further drive the demand for NDT and inspection technology during the forecast period.

China's government approval for the production of commercial aircraft, including large passenger planes, presents a significant opportunity for domestic manufacturing. The country is also actively engaged in designing and constructing jets, offering substantial potential for players in the NDT and inspection market. Various projects, such as the development of aircraft, nuclear power plants, and new airports, generate demand for NDT and inspection techniques, particularly from the defense and power generation industries.

The rapid infrastructural development in China emerges as a notable opportunity for the NDT and inspection market, with the automotive production sector expected to experience substantial growth in the forecast period, further boosting the demand for NDT and inspection equipment and services within the automotive vertical. China's robust economic growth has fueled expansions in energy, infrastructure, manufacturing, construction, and transportation industries. As China solidifies its global standing, the government is adapting its NDT and inspection equipment procurement policy, especially for military and aerospace applications, to align with international standards for quality and safety. Soundwel, a key player in the country, actively contributes to the NDT and inspection market.

In October 2019, Intertek expanded its service offerings for products intended for use in hazardous locations or explosive atmospheres through a collaboration with the National Supervision and Inspection Center for Explosion Protection and Safety of Instrumentation (NEPSI) in China

The break-up of the profile of primary participants in the NDT and Inspection market-

By Company Type: Tier 1 - 26%, Tier 2 - 32%, Tier 3 - 42%
By Designation Type: C Level - 52%, Director Level - 23%, Others - 25%
By Region Type: North America - 44%, Europe -29 %, Asia Pacific - 23%, RoW - 4%,

The major players in the NDT and Inspection market are General Electric (US), MISTRAS Group (US), Olympus Corporation (Japan), Ashtead Technology (Scotland), Nikon Metrology NV (UK), SGS Societe Generale De Surveillance SA, (Switzerland), Magnaflux (US), Eddyfi Technologies (Canada), Sonatest (UK), Intertek Group plc (UK), Applus+ (Spain), Bureau Veritas (France), Comet Group (Switzerland), TUV Rheinland (Germany), FISCHER TECHNOLOGY INC. (US), Acuren (US), CREAFORM (Canada), Vidisco Ltd. (Israel), DEKRA (Germany), Team, Inc. (US), Labquip NDT (US), Cygnus Instruments Ltd. (UK), FPrimeC Solutions Inc. (Canada), Carestream Health (US), and Element Materials Technology (UK).

Research Coverage

The report segments the NDT and Inspection market and forecasts its size based and region. The report also provides a comprehensive review of drivers, restraints, opportunities, and challenges influencing market growth. The report also covers qualitative aspects in addition to the quantitative aspects of the market.

Reasons to buy the report:

The report will help the market leaders/new entrants in this market with information on the closest approximate revenues for the overall NDT and Inspection market and related segments. This report will help stakeholders understand the competitive landscape and gain more insights to strengthen their position in the market and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, opportunities, and challenges.

The report provides insights on the following pointers:

Analysis of key drivers (Surge in demand for structural health monitoring of infrastructure and maintenance needs), restraints (Lack of proficient and qualified personnel for conducting NDT and inspection services), opportunities (Extensive infrastructure advancements in Asia Pacific, Europe, and South America), and challenges (Growing complexity of industrial structure and machines)
Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the NDT and Inspection market
Market Development: Comprehensive information about lucrative markets - the report analyses the NDT and Inspection market across varied regions.
Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the NDT and Inspection market
Competitive Assessment: In-depth assessment of market shares, growth strategies, and product offerings of leading players like SGS Societe Generale De Surveillance SA (Switzerland), Intertek Group plc (UK), General Electric (US), Applus+ (Spain), and Olympus Corporation (Japan).

Product Code: SE 2860

1 INTRODUCTION

1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
- 1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 STUDY SCOPE
- 1.3.1 MARKETS COVERED
- FIGURE 1 NDT AND INSPECTION MARKET SEGMENTATION
- 1.3.2 REGIONAL SCOPE
- 1.3.3 YEARS CONSIDERED
- 1.3.4 CURRENCY CONSIDERED
1.4 LIMITATIONS
1.5 STAKEHOLDERS
1.6 SUMMARY OF CHANGES
1.7 RECESSION IMPACT

2 RESEARCH METHODOLOGY

2.1 RESEARCH DATA
- FIGURE 2 NDT AND INSPECTION MARKET: RESEARCH DESIGN
- 2.1.1 SECONDARY DATA
  - 2.1.1.1 Key data from secondary sources
  - 2.1.1.2 Key secondary sources
- 2.1.2 PRIMARY DATA
  - 2.1.2.1 Key data from primary sources
  - 2.1.2.2 Key supply-side participants for primary interviews
  - 2.1.2.3 Breakdown of primary interviews
  - 2.1.2.4 Key industry insights
- 2.1.3 SECONDARY AND PRIMARY RESEARCH
2.2 MARKET SIZE ESTIMATION
- FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE): REVENUE GENERATED BY KEY PLAYERS FROM NDT AND INSPECTION MARKET
- FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (SUPPLY SIDE): ILLUSTRATION OF REVENUE ESTIMATION OF KEY PLAYERS IN NDT AND INSPECTION MARKET
- FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 3 (DEMAND SIDE) -BOTTOM-UP ESTIMATION OF NDT AND INSPECTION MARKET BASED ON REGION
- 2.2.1 BOTTOM-UP APPROACH
  - 2.2.1.1 Approach to derive market size using bottom-up analysis
- FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
- 2.2.2 TOP-DOWN APPROACH
  - 2.2.2.1 Approach to derive market size using top-down analysis
- FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
2.3 MARKET SHARE ESTIMATION
2.4 DATA TRIANGULATION
- FIGURE 8 DATA TRIANGULATION
2.5 RISK ASSESSMENT
- TABLE 1 RISK ASSESSMENT
2.6 PARAMETERS CONSIDERED TO ANALYZE IMPACT OF RECESSION ON NDT AND INSPECTION MARKET
2.7 RESEARCH ASSUMPTIONS
2.8 RESEARCH LIMITATIONS

3 EXECUTIVE SUMMARY

3.1 IMPACT OF RECESSION
- FIGURE 9 NDT AND INSPECTION MARKET: IMPACT OF RECESSION
- FIGURE 10 SERVICE SEGMENT TO HOLD LARGEST MARKET SHARE IN 2029
- FIGURE 11 ULTRASONIC TESTING (UT) SEGMENT TO HOLD LARGEST MARKET SHARE IN 2024
- FIGURE 12 POWER SEGMENT TO HOLD LARGEST MARKET SHARE IN 2029
- FIGURE 13 ASIA PACIFIC NDT AND INSPECTION MARKET TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD

4 PREMIUM INSIGHTS

4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN NDT AND INSPECTION MARKET
- FIGURE 14 INCREASED DEMAND FOR STRUCTURAL HEALTH MONITORING AND MAINTENANCE OF INFRASTRUCTURE TO CREATE LUCRATIVE OPPORTUNITIES FOR MARKET PLAYERS
4.2 NDT AND INSPECTION MARKET, BY SERVICE
- FIGURE 15 INSPECTION SERVICES SEGMENT TO ACCOUNT FOR LARGEST SHARE OF NDT AND INSPECTION MARKET IN 2024
4.3 NDT AND INSPECTION MARKET, BY METHOD
- FIGURE 16 VOLUMETRIC INSPECTION SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
4.4 NDT AND INSPECTION MARKET, BY REGION
- FIGURE 17 INDIAN NDT AND INSPECTION MARKET TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD

5 MARKET OVERVIEW

5.1 INTRODUCTION
5.2 MARKET DYNAMICS
- FIGURE 18 NDT AND INSPECTION MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
- 5.2.1 DRIVERS
  - 5.2.1.1 Implementation of stringent safety regulations to ensure public safety and product quality
  - 5.2.1.2 Increased adoption in electronics, automation, and robotics industries to extend equipment lifespan, enhance production efficiency, and improve product quality
  - 5.2.1.3 Growing use of AI and IoT technologies in NDT and inspection
  - 5.2.1.4 Increased demand for structural health monitoring and maintenance of infrastructure
  - 5.2.1.5 Adoption of flexible pricing models by testing solution providers
- FIGURE 19 NDT AND INSPECTION MARKET: IMPACT ANALYSIS OF DRIVERS
- 5.2.2 RESTRAINTS
  - 5.2.2.1 Lack of skilled technicians for conducting NDT and inspection
  - 5.2.2.2 High cost of NDT equipment and related technologies
- FIGURE 20 NDT AND INSPECTION MARKET: IMPACT ANALYSIS OF RESTRAINTS
- 5.2.3 OPPORTUNITIES
  - 5.2.3.1 Extensive infrastructure development in Asia Pacific, Europe, and South America
  - 5.2.3.2 Growing demand for NDT and inspection services in power industry
  - 5.2.3.3 Advancements in NDT and inspection techniques and emergence of new technologies
  - 5.2.3.4 Growing demand for miniaturized and portable NDT devices
  - 5.2.3.5 Growing emphasis on sustainability and eco-friendly practices
- FIGURE 21 NDT AND INSPECTION MARKET: IMPACT ANALYSIS OF OPPORTUNITIES
- 5.2.4 CHALLENGES
  - 5.2.4.1 Growing complexity of industrial structures and machines
  - 5.2.4.2 High replacement costs associated with automated NDT and inspection equipment
- FIGURE 22 NDT AND INSPECTION MARKET: IMPACT ANALYSIS OF CHALLENGES
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS' BUSINESSES
- FIGURE 23 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS' BUSINESSES
5.4 PRICING ANALYSIS
- 5.4.1 AVERAGE SELLING PRICE (ASP) OF ULTRASONIC TESTING TECHNIQUES OFFERED BY KEY PLAYER
- FIGURE 24 AVERAGE SELLING PRICE (ASP) OF ULTRASONIC TESTING TECHNIQUES OFFERED BY KEY PLAYER, 2023 (USD)
- TABLE 2 AVERAGE SELLING PRICE (ASP) OF ULTRASONIC TESTING TECHNIQUES OFFERED BY KEY PLAYER, 2023 (USD)
- 5.4.2 INDICATIVE PRICING OF PORTABLE FLOW DETECTORS USED IN ULTRASONIC TESTING, BY REGION
- TABLE 3 INDICATIVE PRICING OF PORTABLE FLOW DETECTORS USED IN ULTRASONIC TESTING, BY REGION, 2023 (USD)
5.5 SUPPLY CHAIN ANALYSIS
- FIGURE 25 NDT AND INSPECTION MARKET: SUPPLY CHAIN ANALYSIS
- 5.5.1 RAW MATERIAL PROVIDERS
- 5.5.2 COMPONENT SUPPLIERS
- 5.5.3 EQUIPMENT DESIGNERS AND MANUFACTURERS
- 5.5.4 SALES EXECUTIVES AND DISTRIBUTORS, SERVICE PROVIDERS, AND VERTICALS
5.6 ECOSYSTEM MAPPING
- TABLE 4 COMPANIES AND THEIR ROLES IN NDT AND INSPECTION ECOSYSTEM
- FIGURE 26 NDT AND INSPECTION MARKET: ECOSYSTEM MAPPING
5.7 TECHNOLOGY ANALYSIS
- 5.7.1 TRENDS AND TECHNOLOGIES SHAPING NDT AND INSPECTION MARKET
  - 5.7.1.1 Green NDT
  - 5.7.1.2 Drone inspection
  - 5.7.1.3 Real-time NDT for predictive maintenance with IoT integration
  - 5.7.1.4 Use of Artificial Intelligence (AI) for defect detection
5.8 PATENT ANALYSIS
- 5.8.1 DOCUMENT TYPE
- TABLE 5 PATENTS FILED AND GRANTED
- FIGURE 27 PATENTS APPLIED AND GRANTED, 2014-2023
- 5.8.2 PUBLICATION TREND
- FIGURE 28 NUMBER OF PATENTS PUBLISHED PER YEAR, 2014-2023
- 5.8.3 JURISDICTION ANALYSIS
- FIGURE 29 JURISDICTION ANALYSIS, 2013-2022
- 5.8.4 TOP PATENT OWNERS
- FIGURE 30 TOP 10 PATENT OWNERS, 2014-2023
- TABLE 6 TOP 20 PUBLISHED PATENT OWNERS IN LAST 10 YEARS
- TABLE 7 NDT AND INSPECTION MARKET: LIST OF MAJOR PATENTS, 2022-2023
5.9 TRADE DATA ANALYSIS
- FIGURE 31 COUNTRY-WISE EXPORT DATA FOR HS CODE 9013-COMPLIANT PRODUCTS, 2018-2022 (%)
- TABLE 8 EXPORT DATA FOR HS CODE 9013-COMPLIANT PRODUCTS, BY COUNTRY, 2018-2022 (USD THOUSAND)
- FIGURE 32 COUNTRY-WISE IMPORT DATA FOR HS CODE 9013-COMPLIANT PRODUCTS, 2018-2022 (%)
- TABLE 9 IMPORT SCENARIO FOR HS CODE 9013-COMPLIANT PRODUCTS, BY COUNTRY, 2018-2022 (USD THOUSAND)
5.10 KEY CONFERENCES AND EVENTS, 2023-2024
- TABLE 10 NDT AND INSPECTION MARKET: KEY CONFERENCES AND EVENTS, 2023-2024
5.11 CASE STUDY ANALYSIS
- 5.11.1 PIPELINE OPERATOR ENHANCED PIPELINE INTEGRITY BY DEPLOYING ADVANCED INSPECTION TECHNOLOGIES BY NDT GLOBAL
- 5.11.2 INSPECTION INNERSPEC TECHNOLOGIES INC. INTRODUCED INNOVATIVE NDT TECHNOLOGIES FOR INSPECTION AND MONITORING OF BOLT LOAD IN SERVICE
- 5.11.3 NDT GLOBAL REVOLUTIONIZED NGL PIPELINE INSPECTION WITH ADVANCED ULTRASONIC CRACK DETECTION TECHNOLOGY
5.12 TARIFF AND REGULATORY LANDSCAPE
- TABLE 11 MFN TARIFF LEVIED ON HS CODE 903190-COMPLIANT PRODUCTS EXPORTED BY GERMANY, 2023
- 5.12.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
- TABLE 12 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
- TABLE 13 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
- TABLE 14 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
- TABLE 15 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.13 PORTER'S FIVE FORCES ANALYSIS
- FIGURE 33 NDT AND INSPECTION MARKET: PORTER'S FIVE FORCES ANALYSIS
- TABLE 16 NDT AND INSPECTION MARKET: PORTER'S FIVE FORCES ANALYSIS
- 5.13.1 INTENSITY OF COMPETITIVE RIVALRY
- 5.13.2 THREAT OF NEW ENTRANTS
- 5.13.3 THREAT OF SUBSTITUTES
- 5.13.4 BARGAINING POWER OF BUYERS
- 5.13.5 BARGAINING POWER OF SUPPLIERS
5.14 KEY STAKEHOLDERS AND BUYING CRITERIA
- 5.14.1 KEY STAKEHOLDERS IN BUYING PROCESS
- FIGURE 34 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY VERTICAL
- TABLE 17 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY VERTICAL (%)
- 5.14.2 BUYING CRITERIA
- FIGURE 35 KEY BUYING CRITERIA, BY VERTICAL
- TABLE 18 KEY BUYING CRITERIA, BY VERTICAL

6 NDT AND INSPECTION MARKET, BY TECHNIQUE

6.1 INTRODUCTION
- FIGURE 36 ULTRASONIC TESTING (UT) SEGMENT TO ACCOUNT FOR LARGEST SHARE OF NDT AND INSPECTION MARKET IN 2029
- TABLE 19 NDT AND INSPECTION MARKET, BY TECHNIQUE, 2020-2023 (USD MILLION)
- TABLE 20 NDT AND INSPECTION MARKET, BY TECHNIQUE, 2024-2029 (USD MILLION)
- TABLE 21 TECHNIQUE: NDT AND INSPECTION MARKET, BY VERTICAL, 2020-2023 (USD MILLION)
- TABLE 22 TECHNIQUE: NDT AND INSPECTION MARKET, BY VERTICAL, 2024-2029 (USD MILLION)
- TABLE 23 TECHNIQUE: NDT AND INSPECTION MARKET, BY REGION, 2020-2023 (USD MILLION)
- TABLE 24 TECHNIQUE: NDT AND INSPECTION MARKET, BY REGION, 2024-2029 (USD MILLION)
- TABLE 25 MANUFACTURING: NDT AND INSPECTION MARKET FOR TECHNIQUE, BY REGION, 2020-2023 (USD MILLION)
- TABLE 26 MANUFACTURING: NDT AND INSPECTION MARKET FOR TECHNIQUE, BY REGION, 2024-2029 (USD MILLION)
- TABLE 27 OIL & GAS: NDT AND INSPECTION MARKET FOR TECHNIQUE, BY REGION, 2020-2023 (USD MILLION)
- TABLE 28 OIL & GAS: NDT AND INSPECTION MARKET FOR TECHNIQUE, BY REGION, 2024-2029 (USD MILLION)
- TABLE 29 AEROSPACE: NDT AND INSPECTION MARKET FOR TECHNIQUE, BY REGION, 2020-2023 (USD MILLION)
- TABLE 30 AEROSPACE: NDT AND INSPECTION MARKET FOR TECHNIQUE, BY REGION, 2024-2029 (USD MILLION)
- TABLE 31 PUBLIC INFRASTRUCTURE: NDT AND INSPECTION MARKET FOR TECHNIQUE, BY REGION, 2020-2023 (USD MILLION)
- TABLE 32 PUBLIC INFRASTRUCTURE: NDT AND INSPECTION MARKET FOR TECHNIQUE, BY REGION, 2024-2029 (USD MILLION)
- TABLE 33 AUTOMOTIVE: NDT AND INSPECTION MARKET FOR TECHNIQUE, BY REGION, 2020-2023 (USD MILLION)
- TABLE 34 AUTOMOTIVE: NDT AND INSPECTION MARKET FOR TECHNIQUE, BY REGION, 2024-2029 (USD MILLION)
- TABLE 35 POWER: NDT AND INSPECTION MARKET FOR TECHNIQUE, BY REGION, 2020-2023 (USD MILLION)
- TABLE 36 POWER: NDT AND INSPECTION MARKET FOR TECHNIQUE, BY REGION, 2024-2029 (USD MILLION)
- TABLE 37 OTHER VERTICALS: NDT AND INSPECTION MARKET FOR TECHNIQUE, BY REGION, 2020-2023 (USD MILLION)
- TABLE 38 OTHER VERTICALS: NDT AND INSPECTION MARKET FOR TECHNIQUE, BY REGION, 2024-2029 (USD MILLION)
6.2 ULTRASONIC TESTING (UT)
- 6.2.1 RISING USE IN VARIOUS INDUSTRIES TO HARNESS HIGH-FREQUENCY SOUND WAVES FOR MATERIAL INSPECTION AND THICKNESS MEASUREMENT TO DRIVE MARKET
- 6.2.2 STRAIGHT BEAM TESTING
- 6.2.3 ANGLE BEAM TESTING
- 6.2.4 IMMERSION TESTING
- 6.2.5 PHASED ARRAY TESTING
- 6.2.6 TIME-OF-FLIGHT DIFFRACTION (TOFD)
- 6.2.7 GUIDED WAVE TESTING
- TABLE 39 ULTRASONIC TESTING: NDT AND INSPECTION MARKET, BY VERTICAL, 2020-2023 (USD MILLION)
- TABLE 40 ULTRASONIC TESTING: NDT AND INSPECTION MARKET, BY VERTICAL, 2024-2029 (USD MILLION)
6.3 VISUAL TESTING (VT)
- 6.3.1 GROWING ADOPTION FOR SURFACE EVALUATION AND ANALYSIS OF COMPONENTS, MATERIALS, AND STRUCTURES TO DRIVE MARKET
- 6.3.2 GENERAL VISUAL INSPECTION
- 6.3.3 AIDED VISUAL INSPECTION
- 6.3.4 BORESCOPES
- 6.3.5 ENDOSCOPES
- 6.3.6 VIDEOSCOPES
- TABLE 41 VISUAL TESTING: NDT AND INSPECTION MARKET, BY VERTICAL, 2020-2023 (USD MILLION)
- TABLE 42 VISUAL TESTING: NDT AND INSPECTION MARKET, BY VERTICAL, 2024-2029 (USD MILLION)
6.4 MAGNETIC PARTICLE TESTING (MPT)
- 6.4.1 INCREASING DEMAND IN UNDERWATER INSPECTIONS TO DRIVE MARKET
- TABLE 43 MAGNETIC PARTICLE TESTING: NDT AND INSPECTION MARKET, BY VERTICAL, 2020-2023 (USD MILLION)
- TABLE 44 MAGNETIC PARTICLE TESTING: NDT AND INSPECTION MARKET, BY VERTICAL, 2024-2029 (USD MILLION)
6.5 LIQUID PENETRANT TESTING (LPT)
- 6.5.1 GROWING NEED FOR LIQUID PENETRANT TESTING OF DIVERSE MATERIALS TO DRIVE MARKET
- TABLE 45 LIQUID PENETRANT TESTING: NDT AND INSPECTION MARKET, BY VERTICAL, 2020-2023 (USD MILLION)
- TABLE 46 LIQUID PENETRANT TESTING: NDT AND INSPECTION MARKET, BY VERTICAL, 2024-2029 (USD MILLION)
6.6 EDDY-CURRENT TESTING (ECT)
- 6.6.1 HIGH USE FOR MATERIAL ANALYSIS IN AEROSPACE AND MANUFACTURING VERTICALS TO FUEL MARKET GROWTH
- 6.6.2 ALTERNATING CURRENT FIELD MEASUREMENT (ACFM)
- 6.6.3 REMOTE FIELD TESTING (RFT)
- 6.6.4 EDDY-CURRENT ARRAY (ECA)
- TABLE 47 EDDY-CURRENT ARRAY: NDT AND INSPECTION MARKET, BY VERTICAL, 2020-2023 (USD MILLION)
- TABLE 48 EDDY-CURRENT ARRAY: NDT AND INSPECTION MARKET, BY VERTICAL, 2024-2029 (USD MILLION)
6.7 RADIOGRAPHIC TESTING (RT)
- 6.7.1 INCREASING USE TO IDENTIFY SURFACE AND INTERNAL IRREGULARITIES TO DRIVE MARKET
- 6.7.2 X-RAY TESTING
- 6.7.3 GAMMA RAY TESTING
- 6.7.4 COMPUTED RADIOGRAPHY
- 6.7.5 FILM RADIOGRAPHY
- 6.7.6 DIRECT RADIOGRAPHY (REAL TIME)
- TABLE 49 RADIOGRAPHIC TESTING: NDT AND INSPECTION MARKET, BY VERTICAL, 2020-2023 (USD MILLION)
- TABLE 50 RADIOGRAPHIC TESTING: NDT AND INSPECTION MARKET, BY VERTICAL, 2024-2029 (USD MILLION)
6.8 ACOUSTIC EMISSION TESTING (AET)
- 6.8.1 GROWING DEMAND IN METALS INDUSTRY TO FUEL MARKET GROWTH
- TABLE 51 ACOUSTIC EMISSION TESTING: NDT AND INSPECTION MARKET, BY VERTICAL, 2020-2023 (USD MILLION)
- TABLE 52 ACOUSTIC EMISSION TESTING: NDT AND INSPECTION MARKET, BY VERTICAL, 2024-2029 (USD MILLION)
6.9 OTHER TECHNIQUES
- 6.9.1 TERAHERTZ IMAGING
- TABLE 53 APPLICATIONS OF TERAHERTZ IMAGING, BY INDUSTRY
- 6.9.2 NEAR-INFRARED SPECTROSCOPY
- TABLE 54 APPLICATIONS OF NEAR-INFRARED SPECTROSCOPY, BY INDUSTRY
- TABLE 55 OTHER TECHNIQUES: NDT AND INSPECTION MARKET, BY VERTICAL, 2020-2023 (USD MILLION)
- TABLE 56 OTHER TECHNIQUES: NDT AND INSPECTION MARKET, BY VERTICAL, 2024-2029 (USD MILLION)

7 NDT AND INSPECTION MARKET, BY SERVICE

7.1 INTRODUCTION
- FIGURE 37 INSPECTION SERVICES SEGMENT TO ACCOUNT FOR LARGEST SHARE OF NDT AND INSPECTION MARKET IN 2029
- TABLE 57 NDT AND INSPECTION MARKET, BY SERVICE, 2020-2023 (USD MILLION)
- TABLE 58 NDT AND INSPECTION MARKET, BY SERVICE, 2024-2029 (USD MILLION)
- TABLE 59 SERVICE: NDT AND INSPECTION MARKET, BY VERTICAL, 2020-2023 (USD MILLION)
- TABLE 60 SERVICE: NDT AND INSPECTION MARKET, BY VERTICAL, 2024-2029 (USD MILLION)
- TABLE 61 SERVICE: NDT AND INSPECTION MARKET, BY REGION, 2020-2023 (USD MILLION)
- TABLE 62 SERVICE: NDT AND INSPECTION MARKET, BY REGION, 2024-2029 (USD MILLION)
- TABLE 63 MANUFACTURING: NDT AND INSPECTION MARKET FOR SERVICE, BY REGION, 2020-2023 (USD MILLION)
- TABLE 64 MANUFACTURING: NDT AND INSPECTION MARKET FOR SERVICE, BY REGION, 2024-2029 (USD MILLION)
- TABLE 65 OIL & GAS: NDT AND INSPECTION MARKET FOR SERVICE, BY REGION, 2020-2023 (USD MILLION)
- TABLE 66 OIL & GAS: NDT AND INSPECTION MARKET FOR SERVICE, BY REGION, 2024-2029 (USD MILLION)
- TABLE 67 AEROSPACE: NDT AND INSPECTION MARKET FOR SERVICE, BY REGION, 2020-2023 (USD MILLION)
- TABLE 68 AEROSPACE: NDT AND INSPECTION MARKET FOR SERVICE, BY REGION, 2024-2029 (USD MILLION)
- TABLE 69 PUBLIC INFRASTRUCTURE: NDT AND INSPECTION MARKET FOR SERVICE, BY REGION, 2020-2023 (USD MILLION)
- TABLE 70 PUBLIC INFRASTRUCTURE: NDT AND INSPECTION MARKET FOR SERVICE, BY REGION, 2024-2029 (USD MILLION)
- TABLE 71 AUTOMOTIVE: NDT AND INSPECTION MARKET FOR SERVICE, BY REGION, 2020-2023 (USD MILLION)
- TABLE 72 AUTOMOTIVE: NDT AND INSPECTION MARKET FOR SERVICE, BY REGION, 2024-2029 (USD MILLION)
- TABLE 73 POWER: NDT AND INSPECTION MARKET FOR SERVICE, BY REGION, 2020-2023 (USD MILLION)
- TABLE 74 POWER: NDT AND INSPECTION MARKET FOR SERVICE, BY REGION, 2024-2029 (USD MILLION)
- TABLE 75 OTHER VERTICALS: NDT AND INSPECTION MARKET FOR SERVICE, BY REGION, 2020-2023 (USD MILLION)
- TABLE 76 OTHER VERTICALS: NDT AND INSPECTION MARKET FOR SERVICE, BY REGION, 2024-2029 (USD MILLION)
7.2 INSPECTION SERVICES
- 7.2.1 GROWING NEED TO ENHANCE INFRASTRUCTURE INTEGRITY THROUGH ADVANCED NDT INSPECTION SERVICES TO DRIVE MARKET
- 7.2.2 ULTRASONIC INSPECTION
- 7.2.3 RADIOGRAPHIC INSPECTION
- 7.2.4 VISUAL INSPECTION
- 7.2.5 MAGNETIC PARTICLE INSPECTION
- 7.2.6 ADVANCED EDDY-CURRENT INSPECTION
- 7.2.7 LIQUID PENETRANT INSPECTION
- TABLE 77 INSPECTION SERVICES: NDT AND INSPECTION MARKET, BY VERTICAL, 2020-2023 (USD MILLION)
- TABLE 78 INSPECTION SERVICES: NDT AND INSPECTION MARKET, BY VERTICAL, 2024-2029 (USD MILLION)
7.3 EQUIPMENT RENTAL SERVICES
- 7.3.1 FINANCIAL, TECHNICAL, AND OPERATIONAL ADVANTAGES ASSOCIATED WITH EQUIPMENT RENTAL SERVICES TO DRIVE DEMAND
- TABLE 79 EQUIPMENT RENTAL SERVICES: NDT AND INSPECTION MARKET, BY VERTICAL, 2020-2023 (USD MILLION)
- TABLE 80 EQUIPMENT RENTAL SERVICES: NDT AND INSPECTION MARKET, BY VERTICAL, 2024-2029 (USD MILLION)
7.4 CALIBRATION SERVICES
- 7.4.1 INCREASING DEMAND FOR PRECISE TESTING EQUIPMENT TO FUEL MARKET GROWTH
- TABLE 81 CALIBRATION SERVICES: NDT AND INSPECTION MARKET, BY VERTICAL, 2020-2023 (USD MILLION)
- TABLE 82 CALIBRATION SERVICES: NDT AND INSPECTION MARKET, BY VERTICAL, 2024-2029 (USD MILLION)
7.5 TRAINING SERVICES
- 7.5.1 INCREASED NEED FOR HIGHLY SKILLED TECHNICAL PROFESSIONALS TO DRIVE DEMAND
- TABLE 83 TRAINING SERVICES: NDT AND INSPECTION MARKET, BY VERTICAL, 2020-2023 (USD MILLION)
- TABLE 84 TRAINING SERVICES: NDT AND INSPECTION MARKET, BY VERTICAL, 2024-2029 (USD MILLION)

8 NDT AND INSPECTION MARKET, BY METHOD

8.1 INTRODUCTION
- FIGURE 38 VOLUMETRIC INSPECTION SEGMENT TO LEAD NDT AND INSPECTION MARKET FROM 2024 TO 2029
- TABLE 85 NDT AND INSPECTION MARKET, BY METHOD, 2020-2023 (USD MILLION)
- TABLE 86 NDT AND INSPECTION MARKET, BY METHOD, 2024-2029 (USD MILLION)
8.2 VISUAL INSPECTION
- 8.2.1 RISE IN USE OF VISUAL INSPECTION AS ECONOMICAL SURFACE INSPECTION METHOD TO DRIVE MARKET
8.3 SURFACE INSPECTION
- 8.3.1 IMPLEMENTATION OF SURFACE INSPECTION TECHNIQUE TO IDENTIFY CRACKS AND DISCONTINUITIES ON COMPONENT SURFACES TO FUEL MARKET GROWTH
8.4 VOLUMETRIC INSPECTION
- 8.4.1 NEED TO ASSESS STRUCTURAL INTEGRITY OF COMPONENTS TO DRIVE DEMAND
8.5 OTHER METHODS

9 NDT AND INSPECTION MARKET, BY VERTICAL

9.1 INTRODUCTION
- TABLE 87 NDT AND INSPECTION REQUIREMENTS OF DIFFERENT VERTICALS
- FIGURE 39 POWER SEGMENT TO HOLD LARGEST MARKET SHARE IN 2024
- TABLE 88 NDT AND INSPECTION MARKET, BY VERTICAL, 2020-2023 (USD MILLION)
- TABLE 89 NDT AND INSPECTION MARKET, BY VERTICAL, 2024-2029 (USD MILLION)
9.2 MANUFACTURING
- 9.2.1 INCREASED DEMAND FOR NDT AND INSPECTION TECHNIQUES TO ENSURE CONTINUOUS AND SECURE OPERATION OF VARIOUS EQUIPMENT TO DRIVE MARKET
- 9.2.2 ADVANCED NDT AND INSPECTION TECHNIQUES USED IN MANUFACTURING VERTICAL
  - 9.2.2.1 Electromagnetic acoustic transducer (EMAT) technique
- TABLE 90 MANUFACTURING: NDT AND INSPECTION MARKET, BY TECHNIQUE AND SERVICE, 2020-2023 (USD MILLION)
- TABLE 91 MANUFACTURING: NDT AND INSPECTION MARKET, BY TECHNIQUE AND SERVICE, 2024-2029 (USD MILLION)
- TABLE 92 MANUFACTURING: NDT AND INSPECTION MARKET, BY REGION, 2020-2023 (USD MILLION)
- TABLE 93 MANUFACTURING: NDT AND INSPECTION MARKET, BY REGION, 2024-2029 (USD MILLION)
9.3 OIL & GAS
- 9.3.1 INCREASING DEMAND FOR NDT AND INSPECTION SERVICES TO MONITOR PIPELINES, STORAGE TANKS, AND REFINING EQUIPMENT TO BOOST MARKET GROWTH
- 9.3.2 REFINERIES
- 9.3.3 TRANSMISSION PIPELINES
- 9.3.4 SUBSEA PIPELINES
- 9.3.5 STORAGE TANKS
- 9.3.6 ADVANCED NDT TECHNIQUES USED IN OIL & GAS VERTICAL
  - 9.3.6.1 Long-range ultrasonic technique (LRUT)
  - 9.3.6.2 Positive metal identification technique
- TABLE 94 OIL & GAS: NDT AND INSPECTION MARKET, BY TECHNIQUE AND SERVICE, 2020-2023 (USD MILLION)
- TABLE 95 OIL & GAS: NDT AND INSPECTION MARKET, BY TECHNIQUE AND SERVICE, 2024-2029 (USD MILLION)
- TABLE 96 OIL & GAS: NDT AND INSPECTION MARKET, BY REGION, 2020-2023 (USD MILLION)
- TABLE 97 OIL & GAS: NDT AND INSPECTION MARKET, BY REGION, 2024-2029 (USD MILLION)
9.4 AEROSPACE
- 9.4.1 GROWING USE OF NDT AND INSPECTION TO DETECT AND PREVENT FLAWS IN AIRCRAFT COMPONENTS TO DRIVE MARKET
- TABLE 98 APPLICATIONS OF NDT AND INSPECTION TECHNIQUES IN AEROSPACE VERTICAL
- TABLE 99 NDT AND INSPECTION METHODS USED IN AEROSPACE VERTICAL
- 9.4.2 AIRCRAFT ENGINE PART PRODUCTION
- 9.4.3 COMPOSITE AIRFRAME MANUFACTURING
- 9.4.4 AIRCRAFT MAINTENANCE
- TABLE 100 ESSENTIAL NDT AND INSPECTION TECHNIQUES FOR AIRCRAFT MAINTENANCE
- 9.4.5 MATERIAL ANALYSIS
- 9.4.6 ADVANCED NDT AND INSPECTION TECHNIQUES USED IN AEROSPACE VERTICAL
  - 9.4.6.1 Dynamic thermography
  - 9.4.6.2 Air-coupled ultrasound
  - 9.4.6.3 Dynamic interferometry
- TABLE 101 AEROSPACE: NDT AND INSPECTION MARKET, BY TECHNIQUE AND SERVICE, 2020-2023 (USD MILLION)
- TABLE 102 AEROSPACE: NDT AND INSPECTION MARKET, BY TECHNIQUE AND SERVICE, 2024-2029 (USD MILLION)
- TABLE 103 AEROSPACE: NDT AND INSPECTION MARKET, BY REGION, 2020-2023 (USD MILLION)
- TABLE 104 AEROSPACE: NDT AND INSPECTION MARKET, BY REGION, 2024-2029 (USD MILLION)
9.5 PUBLIC INFRASTRUCTURE
- 9.5.1 GROWING USE OF NDT AND INSPECTION TECHNIQUES TO ENSURE INFRASTRUCTURE SAFETY TO DRIVE MARKET
- 9.5.2 MILITARY & DEFENSE
- 9.5.3 AIRPORT SECURITY
- 9.5.4 RAILWAYS
- 9.5.5 BRIDGES AND TUNNELS
- 9.5.6 BORDER CROSSING
- 9.5.7 NUCLEAR WASTE STORAGE AND DECOMMISSIONING
- 9.5.8 ADVANCED NDT AND INSPECTION TECHNIQUES USED IN PUBLIC INFRASTRUCTURE VERTICAL
  - 9.5.8.1 Impact echo
  - 9.5.8.2 Ground penetrating radars (GPRs)
- TABLE 105 PUBLIC INFRASTRUCTURE: NDT AND INSPECTION MARKET, BY TECHNIQUE AND SERVICE, 2020-2023 (USD MILLION)
- TABLE 106 PUBLIC INFRASTRUCTURE: NDT AND INSPECTION MARKET, BY TECHNIQUE AND SERVICE, 2024-2029 (USD MILLION)
- TABLE 107 PUBLIC INFRASTRUCTURE: NDT AND INSPECTION MARKET, BY REGION, 2020-2023 (USD MILLION)
- TABLE 108 PUBLIC INFRASTRUCTURE: NDT AND INSPECTION MARKET, BY REGION, 2024-2029 (USD MILLION)
9.6 AUTOMOTIVE
- 9.6.1 ADOPTION OF NDT AND INSPECTION TECHNIQUES TO ENSURE SAFETY AND QUALITY OF AUTOMOBILE COMPONENTS DURING MANUFACTURING PROCESS TO FUEL MARKET GROWTH
- TABLE 109 ADVANTAGES OF USING DIFFERENT NDT AND INSPECTION TECHNOLOGIES IN AUTOMOTIVE VERTICAL
- 9.6.2 ADVANCED NDT AND INSPECTION TECHNIQUES USED IN AUTOMOTIVE VERTICAL
  - 9.6.2.1 High-energy digital radiography
- TABLE 110 AUTOMOTIVE: NDT AND INSPECTION MARKET, BY TECHNIQUE AND SERVICE, 2020-2023 (USD MILLION)
- TABLE 111 AUTOMOTIVE: NDT AND INSPECTION MARKET, BY TECHNIQUE AND SERVICE, 2024-2029 (USD MILLION)
- TABLE 112 AUTOMOTIVE: NDT AND INSPECTION MARKET, BY REGION, 2020-2023 (USD MILLION)
- TABLE 113 AUTOMOTIVE: NDT AND INSPECTION MARKET, BY REGION, 2024-2029 (USD MILLION)
9.7 POWER
- 9.7.1 USE OF NDT TO IDENTIFY STRUCTURAL DEFECTS AND ENSURE OPERATIONAL RELIABILITY TO BOOST MARKET GROWTH
- 9.7.2 NUCLEAR POWER PLANTS
- TABLE 114 APPLICATIONS OF NDT AND INSPECTION TECHNIQUES IN NUCLEAR POWER PLANTS
- 9.7.3 WIND TURBINES
- 9.7.4 SOLAR POWER
- 9.7.5 FOSSIL FUEL ENERGY PLANTS
- 9.7.6 ADVANCED NDT AND INSPECTION TECHNIQUES USED IN POWER VERTICAL
  - 9.7.6.1 Galvano static pulse measurement
  - 9.7.6.2 Ultrasonic pulse echo testing
- TABLE 115 POWER: NDT AND INSPECTION MARKET, BY TECHNIQUE AND SERVICE, 2020-2023 (USD MILLION)
- TABLE 116 POWER: NDT AND INSPECTION MARKET, BY TECHNIQUE AND SERVICE, 2024-2029 (USD MILLION)
- TABLE 117 POWER: NDT AND INSPECTION MARKET, BY REGION, 2020-2023 (USD MILLION)
- TABLE 118 POWER: NDT AND INSPECTION MARKET, BY REGION, 2024-2029 (USD MILLION)
9.8 OTHER VERTICALS
- 9.8.1 MARINE
- 9.8.2 MEDICAL & HEALTHCARE
- 9.8.3 PLASTICS & POLYMERS
- TABLE 119 OTHER VERTICALS: NDT AND INSPECTION MARKET, BY TECHNIQUE AND SERVICE, 2020-2023 (USD MILLION)
- TABLE 120 OTHER VERTICALS: NDT AND INSPECTION MARKET, BY TECHNIQUE AND SERVICE, 2024-2029 (USD MILLION)
- TABLE 121 OTHER VERTICALS: NDT AND INSPECTION MARKET, BY REGION, 2020-2023 (USD MILLION)
- TABLE 122 OTHER VERTICALS: NDT AND INSPECTION MARKET, BY REGION, 2024-2029 (USD MILLION)

10 NDT AND INSPECTION MARKET, BY APPLICATION

10.1 INTRODUCTION
- FIGURE 40 KEY APPLICATIONS OF NDT AND INSPECTION TECHNIQUES
10.2 FLAW DETECTION
- 10.2.1 INCREASING SIGNIFICANCE OF FLAW DETECTION FOR QUALITY CONTROL IN INDUSTRIAL INSPECTIONS TO DRIVE DEMAND
- TABLE 123 DIFFERENT TYPES OF ULTRASONIC TRANSDUCERS USED IN FLAW DETECTION
10.3 STRESS AND STRUCTURE ANALYSIS
- 10.3.1 RISING IMPORTANCE OF STRESS AND STRUCTURAL ANALYSIS TO IDENTIFY DEFECTS WITHIN STRUCTURE OF TEST OBJECTS TO DRIVE MARKET
- TABLE 124 NDT TECHNIQUES TO DETECT STRUCTURAL DAMAGES
10.4 LEAK DETECTION
- 10.4.1 ENHANCEMENT OF PIPELINE RELIABILITY USING ADVANCED LEAK DETECTION SYSTEMS TO DRIVE MARKET
- TABLE 125 LEAK TESTING TECHNIQUES
10.5 DIMENSIONAL MEASUREMENT
- 10.5.1 USE OF DIMENSIONAL MEASUREMENT FOR OBJECT ASSESSMENT AND INSPECTION TO DRIVE MARKET
- TABLE 126 DIMENSIONAL MEASUREMENT TECHNIQUES
- TABLE 127 OBJECTIVES OF DIMENSIONAL MEASUREMENTS
10.6 PHYSICAL PROPERTIES ESTIMATION
- 10.6.1 ADOPTION OF NDT AND INSPECTION TO ASSESS PHYSICAL PROPERTIES OF TESTED OBJECTS TO DRIVE MARKET
10.7 WELD VERIFICATION
- 10.7.1 NEED TO ENSURE QUALITY OF WELD IN SEVERE LOADING CONDITIONS TO DRIVE DEMAND
10.8 CHEMICAL COMPOSITION DETERMINATION
- 10.8.1 USE OF CHEMICAL COMPOSITION EXAMINATION IN MANUFACTURING PROCESSES FOR QUALITY ASSURANCE TO DRIVE MARKET
  - 10.8.1.1 Plasma emission spectrograph
  - 10.8.1.2 Corrosion resistance testing
10.9 OTHER APPLICATIONS
- TABLE 128 OTHER APPLICATIONS OF NDT AND INSPECTION

11 NDT AND INSPECTION MARKET, BY REGION

11.1 INTRODUCTION
- FIGURE 41 NDT AND INSPECTION MARKET, BY REGION
- FIGURE 42 NORTH AMERICA TO ACCOUNT FOR LARGEST SHARE OF NDT AND INSPECTION MARKET IN 2029
- TABLE 129 NDT AND INSPECTION MARKET, BY REGION, 2020-2023 (USD MILLION)
- TABLE 130 NDT AND INSPECTION MARKET, BY REGION, 2024-2029 (USD MILLION)
11.2 NORTH AMERICA
- FIGURE 43 NORTH AMERICA: NDT AND INSPECTION MARKET SNAPSHOT
- TABLE 131 NORTH AMERICA: NDT AND INSPECTION MARKET, BY COUNTRY, 2020-2023 (USD MILLION)
- TABLE 132 NORTH AMERICA: NDT AND INSPECTION MARKET, BY COUNTRY, 2024-2029 (USD MILLION)
- TABLE 133 NORTH AMERICA: NDT AND INSPECTION MARKET, BY VERTICAL, 2020-2023 (USD MILLION)
- TABLE 134 NORTH AMERICA: NDT AND INSPECTION MARKET, BY VERTICAL, 2024-2029 (USD MILLION)
- 11.2.1 NORTH AMERICAN NDT AND INSPECTION MARKET: RECESSION IMPACT
- 11.2.2 US
  - 11.2.2.1 Rising defense expenditures and aircraft production to fuel market growth
- 11.2.3 CANADA
  - 11.2.3.1 Increasing demand for advanced material testing to drive market
- 11.2.4 MEXICO
  - 11.2.4.1 High emphasis on urban mobility and expansion of natural gas pipeline network to fuel market growth
11.3 EUROPE
- FIGURE 44 EUROPE: NDT AND INSPECTION MARKET SNAPSHOT
- TABLE 135 EUROPE: NDT AND INSPECTION MARKET, BY COUNTRY, 2020-2023 (USD MILLION)
- TABLE 136 EUROPE: NDT AND INSPECTION MARKET, BY COUNTRY, 2024-2029 (USD MILLION)
- TABLE 137 EUROPE: NDT AND INSPECTION MARKET, BY VERTICAL, 2020-2023 (USD MILLION)
- TABLE 138 EUROPE: NDT AND INSPECTION MARKET, BY VERTICAL, 2024-2029 (USD MILLION)
- 11.3.1 EUROPEAN NDT AND INSPECTION MARKET: RECESSION IMPACT
- 11.3.2 UK
  - 11.3.2.1 Growth in aircraft export to drive demand
- 11.3.3 GERMANY
  - 11.3.3.1 Growing demand for NDT and inspection services and equipment in automotive vertical to drive market
- 11.3.4 FRANCE
  - 11.3.4.1 Increased use of NDT and inspection services and equipment in aerospace vertical to fuel market growth
- 11.3.5 ITALY
  - 11.3.5.1 Expansion of oil refining capacity and shale gas development to drive market
- 11.3.6 REST OF EUROPE
11.4 ASIA PACIFIC
- FIGURE 45 ASIA PACIFIC: NDT AND INSPECTION MARKET SNAPSHOT
- TABLE 139 ASIA PACIFIC: NDT AND INSPECTION MARKET, BY COUNTRY, 2020-2023 (USD MILLION)
- TABLE 140 ASIA PACIFIC: NDT AND INSPECTION MARKET, BY COUNTRY, 2024-2029 (USD MILLION)
- TABLE 141 ASIA PACIFIC: NDT AND INSPECTION MARKET, BY VERTICAL, 2020-2023 (USD MILLION)
- TABLE 142 ASIA PACIFIC: NDT AND INSPECTION MARKET, BY VERTICAL, 2024-2029 (USD MILLION)
- 11.4.1 ASIA PACIFIC NDT AND INSPECTION MARKET: RECESSION IMPACT
- 11.4.2 CHINA
  - 11.4.2.1 Rapid infrastructure development and expanding automotive vertical to drive demand
- 11.4.3 JAPAN
  - 11.4.3.1 Expanding nuclear power generation sector to propel market
- 11.4.4 INDIA
  - 11.4.4.1 Increased demand for NDT equipment and inspection techniques in manufacturing sector to drive market
- 11.4.5 REST OF ASIA PACIFIC
11.5 ROW
- FIGURE 46 MIDDLE EAST TO ACCOUNT FOR LARGEST SHARE OF ROW NDT AND INSPECTION MARKET IN 2029
- TABLE 143 ROW: NDT AND INSPECTION MARKET, BY REGION, 2020-2023 (USD MILLION)
- TABLE 144 ROW: NDT AND INSPECTION MARKET, BY REGION, 2024-2029 (USD MILLION)
- FIGURE 47 OIL & GAS SEGMENT TO ACCOUNT FOR LARGEST SHARE OF ROW NDT AND INSPECTION MARKET IN 2029
- TABLE 145 ROW: NDT AND INSPECTION MARKET, BY VERTICAL, 2020-2023 (USD MILLION)
- TABLE 146 ROW: NDT AND INSPECTION MARKET, BY VERTICAL, 2024-2029 (USD MILLION)
- 11.5.1 ROW NDT AND INSPECTION MARKET: IMPACT OF RECESSION
- 11.5.2 MIDDLE EAST
  - 11.5.2.1 High investment in infrastructure development to drive market
- TABLE 147 MIDDLE EAST: NDT AND INSPECTION MARKET, BY REGION, 2020-2023 (USD MILLION)
- TABLE 148 MIDDLE EAST: NDT AND INSPECTION MARKET, BY REGION, 2024-2029 (USD MILLION)
  - 11.5.2.2 GCC Countries
    - 11.5.2.2.1 Increasing infrastructure development attributed to economic diversification efforts to drive market
  - 11.5.2.3 Rest of Middle East
- 11.5.3 AFRICA
  - 11.5.3.1 Booming power vertical to fuel demand
- 11.5.4 SOUTH AMERICA
  - 11.5.4.1 Rising demand for NDT equipment and inspection techniques in oil & gas and power verticals to drive market

12 COMPETITIVE LANDSCAPE

12.1 OVERVIEW
12.2 KEY STRATEGIES ADOPTED BY MAJOR PLAYERS
- FIGURE 48 NDT AND INSPECTION MARKET: OVERVIEW OF KEY STRATEGIES ADOPTED BY LEADING PLAYERS, 2021-2023
12.3 MARKET SHARE ANALYSIS, 2023
- TABLE 149 NDT AND INSPECTION MARKET: DEGREE OF COMPETITION
- FIGURE 49 NDT AND INSPECTION MARKET SHARE ANALYSIS, 2023
12.4 REVENUE ANALYSIS, 2019-2023
- FIGURE 50 NDT AND INSPECTION MARKET: REVENUE ANALYSIS OF FIVE KEY COMPANIES, 2019-2023
12.5 COMPANY EVALUATION MATRIX, 2023
- FIGURE 51 NDT AND INSPECTION MARKET: COMPANY EVALUATION MATRIX, 2023
- 12.5.1 STARS
- 12.5.2 PERVASIVE PLAYERS
- 12.5.3 EMERGING LEADERS
- 12.5.4 PARTICIPANTS
- 12.5.5 COMPANY FOOTPRINT
  - 12.5.5.1 Overall footprint
- TABLE 150 OVERALL COMPANY FOOTPRINT
- TABLE 151 COMPANY SERVICE FOOTPRINT
  - 12.5.5.2 Vertical footprint
- TABLE 152 COMPANY VERTICAL FOOTPRINT
  - 12.5.5.3 Regional footprint
- TABLE 153 COMPANY REGION FOOTPRINT
12.6 STARTUP/SMALL AND MEDIUM-SIZED ENTERPRISE (SME) EVALUATION MATRIX, 2023
- FIGURE 52 NDT AND INSPECTION MARKET: STARTUP/SME EVALUATION MATRIX, 2023
- 12.6.1 PROGRESSIVE COMPANIES
- 12.6.2 RESPONSIVE COMPANIES
- 12.6.3 DYNAMIC COMPANIES
- 12.6.4 STARTING BLOCKS
- 12.6.5 COMPETITIVE BENCHMARKING
  - 12.6.5.1 List of key startups/SMEs
- TABLE 154 NDT AND INSPECTION MARKET: DETAILED LIST OF KEY STARTUPS/SMES
  - 12.6.5.2 Competitive benchmarking of key startups/SMEs
- TABLE 155 NDT AND INSPECTION MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
12.7 COMPANY VALUATION, 2022
- FIGURE 53 NDT AND INSPECTION MARKET: COMPANY VALUATION, 2022
12.8 FINANCIAL METRICS, 2022
- FIGURE 54 NDT AND INSPECTION MARKET: FINANCIAL METRICS, 2022
12.9 COMPETITIVE SCENARIOS AND TRENDS
- 12.9.1 PRODUCT LAUNCHES
- TABLE 156 NDT AND INSPECTION MARKET: PRODUCT LAUNCHES, APRIL 2022-NOVEMBER 2023
- 12.9.2 DEALS
- TABLE 157 NDT AND INSPECTION MARKET: DEALS, JANUARY 2022-NOVEMBER 2023

13 COMPANY PROFILES

13.1 INTRODUCTION
13.2 KEY PLAYERS
- 13.2.1 GENERAL ELECTRIC
  - 13.2.1.1 Business overview
- TABLE 158 GENERAL ELECTRIC: COMPANY OVERVIEW
- FIGURE 55 GENERAL ELECTRIC: COMPANY SNAPSHOT
  - 13.2.1.2 Products/Solutions/Services offered
- TABLE 159 GENERAL ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  - 13.2.1.3 Recent developments
    - 13.2.1.3.1 Product launches
- TABLE 160 GENERAL ELECTRIC: PRODUCT LAUNCHES
- TABLE 161 GENERAL ELECTRIC: DEALS
  - 13.2.1.4 MnM view
    - 13.2.1.4.1 Key strengths/Right to win
    - 13.2.1.4.2 Strategic choices
    - 13.2.1.4.3 Weaknesses/Competitive threats
- 13.2.2 MISTRAS GROUP
  - 13.2.2.1 Business overview
- TABLE 162 MISTRAS GROUP: COMPANY OVERVIEW
- FIGURE 56 MISTRAS GROUP: COMPANY SNAPSHOT
  - 13.2.2.2 Products/Solutions/Services offered
- TABLE 163 MISTRAS GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  - 13.2.2.3 Recent developments
    - 13.2.2.3.1 Deals
- TABLE 164 MISTRAS GROUP: DEALS
  - 13.2.2.4 MnM view
    - 13.2.2.4.1 Key strengths/Right to win
    - 13.2.2.4.2 Strategic choices
    - 13.2.2.4.3 Weaknesses/Competitive threats
- 13.2.3 OLYMPUS CORPORATION
  - 13.2.3.1 Business overview
- TABLE 165 OLYMPUS CORPORATION: COMPANY OVERVIEW
- FIGURE 57 OLYMPUS CORPORATION: COMPANY SNAPSHOT
  - 13.2.3.2 Products/Solutions/Services offered
- TABLE 166 OLYMPUS CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  - 13.2.3.3 Recent developments
    - 13.2.3.3.1 Product launches
- TABLE 167 OLYMPUS CORPORATION: PRODUCT LAUNCHES
- TABLE 168 OLYMPUS CORPORATION: DEALS
  - 13.2.3.4 MnM view
    - 13.2.3.4.1 Key strengths/Right to win
    - 13.2.3.4.2 Strategic choices
    - 13.2.3.4.3 Weaknesses/Competitive threats
- 13.2.4 ASHTEAD TECHNOLOGY
  - 13.2.4.1 Business overview
- TABLE 169 ASHTEAD TECHNOLOGY: COMPANY OVERVIEW
- FIGURE 58 ASHTEAD TECHNOLOGY: COMPANY SNAPSHOT
  - 13.2.4.2 Products/Solutions/Services offered
- TABLE 170 ASHTEAD TECHNOLOGY: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  - 13.2.4.3 Recent developments
    - 13.2.4.3.1 Product launches
- TABLE 171 ASHTEAD TECHNOLOGY: PRODUCT LAUNCHES
- TABLE 172 ASHTEAD TECHNOLOGY: DEALS
  - 13.2.4.4 MnM view
    - 13.2.4.4.1 Key strengths/Right to win
    - 13.2.4.4.2 Strategic choices
    - 13.2.4.4.3 Weaknesses/Competitive threats
- 13.2.5 NIKON METROLOGY NV
- TABLE 173 NIKON METROLOGY NV: COMPANY OVERVIEW
  - 13.2.5.1 Products/Solutions/Services offered
- TABLE 174 NIKON METROLOGY NV: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  - 13.2.5.2 Recent developments
    - 13.2.5.2.1 Product launches
- TABLE 175 NIKON METROLOGY NV: PRODUCT LAUNCHES
- TABLE 176 NIKON METROLOGY NV: DEALS
  - 13.2.5.3 MnM view
    - 13.2.5.3.1 Key strengths/Right to win
    - 13.2.5.3.2 Strategic choices
    - 13.2.5.3.3 Weaknesses/Competitive threats
- 13.2.6 SGS SOCIETE GENERALE DE SURVEILLANCE SA.
  - 13.2.6.1 Business overview
- TABLE 177 SGS SOCIETE GENERALE DE SURVEILLANCE SA.: COMPANY OVERVIEW
- FIGURE 59 SGS SOCIETE GENERALE DE SURVEILLANCE SA.: COMPANY SNAPSHOT
  - 13.2.6.2 Products/Solutions/Services offered
- TABLE 178 SGS SOCIETE GENERALE DE SURVEILLANCE SA.: PRODUCTS/SOLUTIONS/ SERVICES OFFERED
  - 13.2.6.3 Recent developments
    - 13.2.6.3.1 Deals
- TABLE 179 SGS SOCIETE GENERALE DE SURVEILLANCE SA.: DEALS
- 13.2.7 MAGNAFLUX
  - 13.2.7.1 Business overview
- TABLE 180 MAGNAFLUX: COMPANY OVERVIEW
  - 13.2.7.2 Products/Solutions/Services offered
- TABLE 181 MAGNAFLUX: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  - 13.2.7.3 Recent developments
    - 13.2.7.3.1 Product launches
- TABLE 182 MAGNAFLUX: PRODUCT LAUNCHES
- 13.2.8 EDDYFI TECHNOLOGIES
  - 13.2.8.1 Business overview
- TABLE 183 EDDYFI TECHNOLOGIES: COMPANY OVERVIEW
  - 13.2.8.2 Products/Solutions/Services offered
- TABLE 184 EDDYFI TECHNOLOGIES: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  - 13.2.8.3 Recent developments
    - 13.2.8.3.1 Product launches
- TABLE 185 EDDYFI TECHNOLOGIES: PRODUCT LAUNCHES
- TABLE 186 EDDYFI TECHNOLOGIES: DEALS
- 13.2.9 SONATEST
  - 13.2.9.1 Business overview
- TABLE 187 SONATEST: COMPANY OVERVIEW
  - 13.2.9.2 Products/Solutions/Services offered
- TABLE 188 SONATEST: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  - 13.2.9.3 Recent developments
    - 13.2.9.3.1 Product launches
- TABLE 189 SONATEST: PRODUCT LAUNCHES
- TABLE 190 SONATEST: DEALS
- 13.2.10 INTERTEK GROUP PLC
  - 13.2.10.1 Business overview
- TABLE 191 INTERTEK GROUP PLC: COMPANY OVERVIEW
- FIGURE 60 INTERTEK GROUP PLC: COMPANY SNAPSHOT
  - 13.2.10.2 Products/Solutions/Services offered
- TABLE 192 INTERTEK GROUP PLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  - 13.2.10.3 Recent developments
    - 13.2.10.3.1 Product launches
- TABLE 193 INTERTEK GROUP PLC: PRODUCT LAUNCHES
- TABLE 194 INTERTEK GROUP PLC: DEALS
- TABLE 195 INTERTEK GROUP PLC: OTHERS
13.3 OTHER PLAYERS
- 13.3.1 APPLUS+
- 13.3.2 BUREAU VERITAS
- 13.3.3 COMET GROUP
- 13.3.4 TUV RHEINLAND
- 13.3.5 FISCHER TECHNOLOGY INC.
- 13.3.6 ACUREN
- 13.3.7 CREAFORM
- 13.3.8 VIDISCO LTD.
- 13.3.9 DEKRA
- 13.3.10 TEAM, INC.
- 13.3.11 LABQUIP NDT
- 13.3.12 CYGNUS INSTRUMENTS LTD.
- 13.3.13 FPRIMEC SOLUTIONS INC.
- 13.3.14 CARESTREAM HEALTH
- 13.3.15 ELEMENT MATERIALS TECHNOLOGY

14 APPENDIX

14.1 INSIGHTS FROM INDUSTRY EXPERTS
14.2 DISCUSSION GUIDE
14.3 KNOWLEDGESTORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
14.4 CUSTOMIZATION OPTIONS
14.5 RELATED REPORTS
14.6 AUTHOR DETAILS

NDT and Inspection Market by Technique (Ultrasonic Testing, Visual, Magnetic Particle, Liquid Penetration, Eddy-Current, Radiographic, Acoustic Emission), Service, Method, Vertical, Application and Region - Global Forecast to 2029