Global Ultrasonic NDT Equipment Market to Reach $26.2 Billion by 2030
The global market for Ultrasonic NDT Equipment estimated at US$17.4 Billion in the year 2022, is projected to reach a revised size of US$26.2 Billion by 2030, growing at a CAGR of 5.3% over the analysis period 2022-2030. Oil & Gas, one of the segments analyzed in the report, is projected to record 5.1% CAGR and reach US$8.9 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Power Generation segment is readjusted to a revised 5.5% CAGR for the next 8-year period.The U.S. Market is Estimated at $5.1 Billion, While China is Forecast to Grow at 4.8% CAGR
The Ultrasonic NDT Equipment market in the U.S. is estimated at US$5.1 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$4.6 Billion by the year 2030 trailing a CAGR of 4.8% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.4% and 4.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4% CAGR.Select Competitors (Total 46 Featured) -
- Cygnus Instruments Inc.
- Danatronics Corporation
- Eddyfi Technologies
- James Instruments, Inc.
- NDT Systems, Inc.
- Sonotron NDT
- Trinity NDT
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- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
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Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERSIV. COMPETITION
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Ultrasonic NDT Equipment - Global Key Competitors Percentage Market Share in 2022 (E)
- Impact of Covid-19 and a Looming Global Recession
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
4. GLOBAL MARKET PERSPECTIVE
- Table 1: World Recent Past, Current & Future Analysis for Ultrasonic NDT Equipment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
- Table 2: World Historic Review for Ultrasonic NDT Equipment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 3: World 16-Year Perspective for Ultrasonic NDT Equipment by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2014, 2023 & 2030
- Table 4: World Recent Past, Current & Future Analysis for Oil & Gas by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
- Table 5: World Historic Review for Oil & Gas by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 6: World 16-Year Perspective for Oil & Gas by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
- Table 7: World Recent Past, Current & Future Analysis for Power Generation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
- Table 8: World Historic Review for Power Generation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 9: World 16-Year Perspective for Power Generation by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
- Table 10: World Recent Past, Current & Future Analysis for Aerospace & Defense by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
- Table 11: World Historic Review for Aerospace & Defense by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 12: World 16-Year Perspective for Aerospace & Defense by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
- Table 13: World Recent Past, Current & Future Analysis for Automotive & Transportation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
- Table 14: World Historic Review for Automotive & Transportation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 15: World 16-Year Perspective for Automotive & Transportation by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
- Table 16: World Recent Past, Current & Future Analysis for Foundry by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
- Table 17: World Historic Review for Foundry by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 18: World 16-Year Perspective for Foundry by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
- Table 19: World Recent Past, Current & Future Analysis for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
- Table 20: World Historic Review for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 21: World 16-Year Perspective for Other End-Uses by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2023 & 2030
- Table 22: World Ultrasonic NDT Equipment Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
III. MARKET ANALYSIS
- UNITED STATES
- Ultrasonic NDT Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
- Table 23: USA Recent Past, Current & Future Analysis for Ultrasonic NDT Equipment by End-Use - Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 24: USA Historic Review for Ultrasonic NDT Equipment by End-Use - Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 25: USA 16-Year Perspective for Ultrasonic NDT Equipment by End-Use - Percentage Breakdown of Value Sales for Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses for the Years 2014, 2023 & 2030
- CANADA
- Table 26: Canada Recent Past, Current & Future Analysis for Ultrasonic NDT Equipment by End-Use - Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 27: Canada Historic Review for Ultrasonic NDT Equipment by End-Use - Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 28: Canada 16-Year Perspective for Ultrasonic NDT Equipment by End-Use - Percentage Breakdown of Value Sales for Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses for the Years 2014, 2023 & 2030
- JAPAN
- Ultrasonic NDT Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
- Table 29: Japan Recent Past, Current & Future Analysis for Ultrasonic NDT Equipment by End-Use - Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 30: Japan Historic Review for Ultrasonic NDT Equipment by End-Use - Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 31: Japan 16-Year Perspective for Ultrasonic NDT Equipment by End-Use - Percentage Breakdown of Value Sales for Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses for the Years 2014, 2023 & 2030
- CHINA
- Ultrasonic NDT Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
- Table 32: China Recent Past, Current & Future Analysis for Ultrasonic NDT Equipment by End-Use - Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 33: China Historic Review for Ultrasonic NDT Equipment by End-Use - Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 34: China 16-Year Perspective for Ultrasonic NDT Equipment by End-Use - Percentage Breakdown of Value Sales for Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses for the Years 2014, 2023 & 2030
- EUROPE
- Ultrasonic NDT Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
- Table 35: Europe Recent Past, Current & Future Analysis for Ultrasonic NDT Equipment by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
- Table 36: Europe Historic Review for Ultrasonic NDT Equipment by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 37: Europe 16-Year Perspective for Ultrasonic NDT Equipment by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2014, 2023 & 2030
- Table 38: Europe Recent Past, Current & Future Analysis for Ultrasonic NDT Equipment by End-Use - Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 39: Europe Historic Review for Ultrasonic NDT Equipment by End-Use - Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 40: Europe 16-Year Perspective for Ultrasonic NDT Equipment by End-Use - Percentage Breakdown of Value Sales for Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses for the Years 2014, 2023 & 2030
- FRANCE
- Ultrasonic NDT Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
- Table 41: France Recent Past, Current & Future Analysis for Ultrasonic NDT Equipment by End-Use - Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 42: France Historic Review for Ultrasonic NDT Equipment by End-Use - Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 43: France 16-Year Perspective for Ultrasonic NDT Equipment by End-Use - Percentage Breakdown of Value Sales for Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses for the Years 2014, 2023 & 2030
- GERMANY
- Ultrasonic NDT Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
- Table 44: Germany Recent Past, Current & Future Analysis for Ultrasonic NDT Equipment by End-Use - Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 45: Germany Historic Review for Ultrasonic NDT Equipment by End-Use - Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 46: Germany 16-Year Perspective for Ultrasonic NDT Equipment by End-Use - Percentage Breakdown of Value Sales for Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses for the Years 2014, 2023 & 2030
- ITALY
- Table 47: Italy Recent Past, Current & Future Analysis for Ultrasonic NDT Equipment by End-Use - Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 48: Italy Historic Review for Ultrasonic NDT Equipment by End-Use - Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 49: Italy 16-Year Perspective for Ultrasonic NDT Equipment by End-Use - Percentage Breakdown of Value Sales for Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses for the Years 2014, 2023 & 2030
- UNITED KINGDOM
- Ultrasonic NDT Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
- Table 50: UK Recent Past, Current & Future Analysis for Ultrasonic NDT Equipment by End-Use - Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 51: UK Historic Review for Ultrasonic NDT Equipment by End-Use - Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 52: UK 16-Year Perspective for Ultrasonic NDT Equipment by End-Use - Percentage Breakdown of Value Sales for Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses for the Years 2014, 2023 & 2030
- REST OF EUROPE
- Table 53: Rest of Europe Recent Past, Current & Future Analysis for Ultrasonic NDT Equipment by End-Use - Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 54: Rest of Europe Historic Review for Ultrasonic NDT Equipment by End-Use - Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 55: Rest of Europe 16-Year Perspective for Ultrasonic NDT Equipment by End-Use - Percentage Breakdown of Value Sales for Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses for the Years 2014, 2023 & 2030
- ASIA-PACIFIC
- Ultrasonic NDT Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
- Table 56: Asia-Pacific Recent Past, Current & Future Analysis for Ultrasonic NDT Equipment by End-Use - Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 57: Asia-Pacific Historic Review for Ultrasonic NDT Equipment by End-Use - Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 58: Asia-Pacific 16-Year Perspective for Ultrasonic NDT Equipment by End-Use - Percentage Breakdown of Value Sales for Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses for the Years 2014, 2023 & 2030
- REST OF WORLD
- Table 59: Rest of World Recent Past, Current & Future Analysis for Ultrasonic NDT Equipment by End-Use - Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 60: Rest of World Historic Review for Ultrasonic NDT Equipment by End-Use - Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 61: Rest of World 16-Year Perspective for Ultrasonic NDT Equipment by End-Use - Percentage Breakdown of Value Sales for Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses for the Years 2014, 2023 & 2030
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Cygnus Instruments Inc.
- Danatronics Corporation
- Eddyfi Technologies
- James Instruments, Inc.
- NDT Systems, Inc.
- Sonotron NDT
- Trinity NDT
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 196 |
Published | April 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 17.4 Billion |
Forecasted Market Value ( USD | $ 26.2 Billion |
Compound Annual Growth Rate | 5.2% |
Regions Covered | Global |