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Non Destructive Testing (NDT) Market by Method (UT, RT, LPT, MPT, ECT, VI), End-User (Aerospace & Defense, Power Generation, Infrastructure, Oil & Gas, Automotive), Technique, Application & Region (G7, BRICS, RoW) – Global Forecast to 2020

  • ID: 3517277
  • December 2015
  • Region: Global, BRICS
  • 184 Pages
  • Markets and Markets
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The Non-Destructive Testing Market is Estimated to be Valued at USD 12.98 Billion in 2015 and is Projected to Reach USD 18.88 Billion by 2020 at a CAGR of 7.78%

FEATURED COMPANIES

  • Ashtead Technology, Inc
  • GE Measurement & Control
  • Intertek Group PLC.
  • Mistras Group, Inc.
  • Nikon Metrology, Inc
  • Olympus Corporation
  • MORE

This report provides qualitative and quantitative information about the global NDT market. It identifies the market application gaps, emerging technologies, the need for new product launches, and high potential geographic regions and countries. It also provides a segmentation of the market, tracking the market size, market share, revenue projections, and financial portfolio, covering a broad spectrum of the different methods, end-user, applications, and techniques of NDT industry.

NDT is considered a basic need in industries such as aerospace, oil & gas, petroleum, and construction, among others. Innovations in the NDT equipment market have increased commercially after the introduction of advanced X-ray equipment such as micro focus X-ray tools, integrated X-ray equipment, glass X-ray tubes with window, radiation shielded X-ray equipment, and so on. Furthermore, the forecast period offers huge growth potential for technologies such as computed tomography, phased array ultrasonic testing, and data management tools as these techniques are more efficient in terms of deriving accurate results.

The research methodology used to estimate and forecast the NDT market begins READ MORE >

Note: Product cover images may vary from those shown
2 of 5

FEATURED COMPANIES

  • Ashtead Technology, Inc
  • GE Measurement & Control
  • Intertek Group PLC.
  • Mistras Group, Inc.
  • Nikon Metrology, Inc
  • Olympus Corporation
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Geographic Scope
1.3.3 Years Considered for the Study
1.4 Currency & Pricing
1.5 Distribution Channel Participants
1.6 Limitations
1.7 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Key Data From Secondary Sources
2.1.3 Primary Data
2.1.4 Key Data From Primary Sources
2.1.4.1 Breakdown of Primaries
2.2 Factor Analysis
2.2.1 Introduction
2.2.2 Demand-Side Indicators
2.2.2.1 Global Investment in Renewable Energy
2.2.2.2 Pipeline Network Safety
2.2.2.3 Total Fleets Size
2.2.3 Supply Side Analysis
2.2.3.1 Increased R&D Activities
2.2.3.2 Advancements in Efficient Materials
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Market Breakdown & Data Triangulation
2.4.1 Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in NDT Market
4.2 Non-Destructive Testing Market
4.3 Non-Destructive Testing Equipment Market, By Method
4.4 Opportunities in Market
4.5 BRICS Non-Destructive Testing Market, By Technique
4.6 BRICS Market, By End User
4.7 Life Cycle Analysis, By Region

5 Market Overview
5.1 Introduction
5.2 Market Evolution
5.3 Market Segmentation
5.3.1 Non-Destructive Testing Market, By Method
5.3.2 Market, By Application
5.3.3 Market, By Technique
5.3.4 Market, By Region
5.3.5 Market, By End User
5.4 Market Dynamics
5.4.1 Drivers
5.4.1.1 Extending the Useful Life of Aging Infrastructure
5.4.1.2 Outsourcing of Non-Core Activities and Technical Resource Constraints
5.4.1.3 Stringent Safety Government Regulations
5.4.1.4 Maintenance Optimization By Industry for Safety Assurance & Efficient Operations
5.4.1.5 Traditional NDT Approach Towards Testing is Being Replaced By Monitoring
5.4.2 Restraints
5.4.2.1 Lack of Skilled Professionals
5.4.3 Opportunities
5.4.3.1 New Power Generation Projects in the U.S
5.4.3.2 Significant Shift From Equipment to Service Industry
5.4.3.3 Increasing Use of Advanced Materials
5.4.4 Challenges
5.4.4.1 Reluctance Towards the Adoption of New NDT Techniques By End Users
5.4.5 Winning Imperatives
5.4.5.1 Expanding End-User Market
5.4.5.2 Expanding Geographical Reach
5.4.6 Burning Issues
5.4.6.1 Lack of Skilled Workforce and Increasing Mechanical Complications
5.4.6.2 Rapid Industrial Transformation

6 Industry Trends
6.1 Introduction
6.2 Value-Chain Analysis
6.3 Supply Chain Analysis
6.4 Industry Trends
6.5 Porter’s Five Forces Analysis
6.5.1 Threat of New Entrants
6.5.2 Threat of Substitutes
6.5.3 Bargaining Power of Suppliers
6.5.4 Bargaining Power of Buyers
6.5.5 Intensity of Competitive Rivalry

7 Non-Destructive Testing Market, By Method
7.1 Introduction
7.2 Ultrasonic Testing
7.3 Radiography Testing
7.4 Liquid Penetrant Testing
7.5 Magnetic Particle Testing
7.6 Eddy-Current Testing
7.7 Visual Inspection

8 Non-Destructive Testing Market, By End User
8.1 Introduction
8.2 Aerospace & Defense Industry
8.3 Automotive Industry
8.4 Oil & Gas Industry
8.5 Infrastructure Industry
8.6 Power Generation Industry

9 Non-Destructive Testing Market, By Technique
9.1 Introduction
9.2 Surface Examination Technique
9.3 Volumetric Examination Technique
9.4 Condition Monitoring Technique
9.5 Integrity Examination Technique
9.6 Other Non-Destructive Techniques

10 Non-Destructive Testing Market, By Application
10.1 Introduction
10.2 Flaw Detection
10.3 Leak Detection
10.4 Dimensional Measurement
10.5 Estimation of Physical Properties
10.6 Chemical Composition Determination
10.6.1 Plasma Emission Spectrography
10.6.2 Corrosion Resistance Testing
10.7 Stress & Structure Analysis
10.8 Others

11 Non-Destructive Testing Market, By Region
11.1 Introduction
11.2 G7 Nations
11.2.1 G7 Nations: Non-Destructive Testing Market Size, By End User
11.2.2 G7 Nations: Market Size, By Method
11.2.3 U.S
11.2.3.1 U.S.: Non-Destructive Testing Market Size, By End User
11.2.3.1.1 U.S.: Energy and Fuel Consumption Forecast
11.2.3.1.2 U.S.: Energy and Fuel Consumption Forecast
11.2.3.2 U.S.: Market Size, By Method
11.2.4 Germany
11.2.4.1 Germany: Market Size, By End User
11.2.4.2 Germany: Market Size, By Method
11.2.5 Japan
11.2.5.1 Japan: Non-Destructive Testing Market Size, By End User
11.2.5.2 Japan: Market Size, By Method
11.2.6 U.K
11.2.6.1 U.K.: Non-Destructive Testing Market Size, By End User
11.2.6.2 U.K.: Market Size, By Method
11.2.7 France
11.2.7.1 France: Market Size, By End User
11.2.7.2 France: Market Size, By Method
11.2.8 Canada
11.2.8.1 Canada: Non-Destructive Testing Market Size, By End User
11.2.8.2 Canada: Market Size, By Method
11.2.9 Italy
11.2.9.1 Italy: Non-Destructive Testing Market Size, By End User
11.2.9.2 Italy: Market Size, By Method
11.3 BRICS
11.3.1 BRICS: Non-Destructive Testing Market Size, By Country
11.3.2 BRICS: Market Size, By End User
11.3.3 BRICS: Market Size, By Technique
11.3.4 BRICS: Market Size, By Method
11.3.5 China
11.3.5.1 China: Non-Destructive Testing Market Size, By End User
11.3.5.2 China: Market Size, By Method
11.3.6 India
11.3.6.1 India: Non-Destructive Testing Market Size, By End User
11.3.6.2 India: Market Size, By Method
11.3.7 Russia
11.3.7.1 Russia: Market Size, By End User
11.3.7.2 Russia: Market Size, By Method
11.3.8 Brazil
11.3.8.1 Brazil: Non-Destructive Testing Market Size, By End User
11.3.8.2 Brazil: Market Size, By Method
11.3.9 South Africa
11.3.9.1 South Africa: Market Size, By End User
11.3.9.2 South Africa: Market Size, By Method
11.4 Rest of the World
11.4.1 RoW: Non-Destructive Testing Market Size, By Country
11.4.2 RoW: Market Size, By End User
11.4.3 RoW: Market Size, By Technique
11.4.4 RoW: Market Size, By Method
11.4.5 Saudi Arabia
11.4.5.1 Saudi Arabia: Non-Destructive Testing Market Size, By End User
11.4.5.2 Saudi Arabia: Market Size, By Method
11.4.6 South Korea
11.4.6.1 South Korea: Non-Destructive Testing Market Size, By End User
11.4.6.2 South Korea: Market Size, By Method

12 Competitive Landscape
12.1 Introduction
12.2 Market Share Analysis
12.3 Competitive Situation and Trends
12.3.1 New Product Launches
12.3.2 Acquisitions, Partnerships, and Agreements
12.3.3 Contracts
12.3.4 Geographic Expansion

13 Company Profiles
13.1 Introduction
13.2 Olympus Corporation
13.2.1 Business Overview
13.2.2 Product Offerings
13.2.3 Recent Developments
13.2.4 SWOT Analysis
13.2.5 MnM View
13.3 Mistras Group, Inc.
13.3.1 Business Overview
13.3.2 Service Offerings
13.3.3 Recent Developments
13.3.4 SWOT Analysis
13.3.5 MnM View
13.4 Intertek Group PLC.
13.4.1 Business Overview
13.4.2 Service Offerings
13.4.3 Recent Developments
13.4.4 SWOT Analysis
13.4.5 MnM View
13.5 SGS SA
13.5.1 Business Overview
13.5.2 Service Offerings
13.5.3 Recent Developments
13.5.4 SWOT Analysis
13.5.5 MnM View
13.6 GE Measurement & Control
13.6.1 Business Overview
13.6.2 Service Offerings
13.6.3 Recent Developments
13.6.4 SWOT Analysis
13.6.5 MnM View
13.7 Nikon Metrology, Inc
13.7.1 Business Overview
13.7.2 Product Offerings
13.7.3 Recent Developments
13.8 Ashtead Technology, Inc
13.8.1 Business Overview
13.8.2 Service Offerings
13.8.3 Recent Developments
13.9 Sonatest Ltd
13.9.1 Business Overview
13.9.2 Product Offerings
13.9.3 Recent Developments
13.10 Bosello High Technology S.R.L
13.10.1 Business Overview
13.10.2 Product Offerings
13.11 Fujifilm Holding Corporation
13.11.1 Business Overview
13.11.2 Product Offerings
13.11.3 Recent Developments

14 Appendix
14.1 Discussion Guide
14.2 Introducing RT: Real Time Market Intelligence
14.3 Available Customizations
14.4 Related Reports

List of Tables

Table 1 New Investment in Renewable Energy, By Country, 2014
Table 2 Total Length of the Pipeline Network, By Country in Kilometers in 2013
Table 3 Total Fleets Size, 2012-2013
Table 4 Bargaining Power of Buyers is Expected to Have High Influence
Table 5 Threat of New Entrants
Table 6 Threat of Substitutes
Table 7 Bargaining Power of Suppliers
Table 8 Bargaining Power of Buyers
Table 9 Non-Destructive Testing Market Size, By Method, 2013-2020 (USD MN)
Table 10 Non-Destructive Testing Equipment Market Size, 2013-2020 (USD MN)
Table 11 Non-Destructive Testing Service Market Size, 2013-2020 (USD MN)
Table 12 Ultrasonic Testing in Nd T Market, By Region, 2013-2020 (USD MN)
Table 13 Radiographic Testing in Non-Destructive Testing Market, By Region,2013-2020 (USD MN)
Table 14 Liquid Penetrant Testing in Market, By Region,2013-2020 (USD MN)
Table 15 Magnetic Particle Testing in Market, By Region, 2013-2020 (USD MN)
Table 16 Eddy-Current Testing in Market, By Region,2013-2020 (USD MN)
Table 17 Visual Inspection in Market, By Region, 2013-2020 (USD MN)
Table 18 Non-Destructive Testing Market Size, By End User, 2013-2020 (USD MN)
Table 19 Non-Destructive Testing Equipment Market Size, By End User, 2013- 2020 (USD MN)
Table 20 Non-Destructive Testing Service Market Size, By End User, 2013-2020 (USD MN)
Table 21 NDT Market in Aerospace & Defense Industry, By Region, 2013-2020 (USD MN)
Table 22 Automotive Industry, By End User, By Region, 2013-2020 (USD MN)
Table 23 Oil & Gas Industry, By End User, By Region, 2013-2020 (USD MN)
Table 24 Infrastructure Industry, By End User, By Region, 2013-2020 (USD MN)
Table 25 Power Generation Industry, By End User, By Region, 2013-2020 (USD MN)
Table 26 Global Non-Destructive Testing Market Size, By Technique, 2013-2020 (USD MN)
Table 27 Surface Examination Technique Market Size, By Region, 2013-2020 (USD MN)
Table 28 Volumetric Examination Technique Market Size, 2013-2020 (USD MN)
Table 29 Condition Monitoring Technique Market Size, By Region, 2013-2020 (USD MN)
Table 30 Integrity Examination Technique Market Size, By Region, 2013-2020 (USD MN)
Table 31 Other Non-Destructive Technique Market Size, By Region, 2013-2020 (USD MN)
Table 32 Ultrasonic Transducers for Flaw Detection
Table 33 Companies and Their Flaw Detection Products
Table 34 Types of Leak Testing
Table 35 Companies and Their Dimension Measurement Products
Table 36 Dimensional Measurement Evaluation
Table 37 Companies and Their Products for Physical Property Determination
Table 38 Ultrasonic Velocity and Concrete Structure Condition
Table 39 NDT Techniques for Stress & Structures Damages
Table 40 Other NDT Applications
Table 41 Global Non-Destructive Testing Market Size, 2013-2020 (USD MN)
Table 42 Global Market Size, By Equipment, 2013-2020 (USD MN)
Table 43 Global Market Size, By Service, 2013-2020 (USD MN)
Table 44 Global Market Size, By Region, 2013-2020 (USD MN)
Table 45 Market Size, By G7 Nations, 2013-2020 (USD MN)
Table 46 G7 Nations: Market Size, By End User, 2013- 2020 (USD MN)
Table 47 G7 Nations: Market Size, By Method, 2013-2020 (USD MN)
Table 48 U.S.: Non-Destructive Testing Market Size, By End User, 2013-2020 (USD MN)
Table 49 U.S.: Energy and Fuel Consumption Forecast, 2015-2035 (Btu)
Table 50 U.S.: Non-Destructive Testing Market Size, By Method, 2013-2020 (USD MN)
Table 51 Germany: Market Size, By End User, 2013-2020 (USD MN)
Table 52 Germany: Market Size, By Method, 2013-2020 (USD MN)
Table 53 Japan: Non-Destructive Testing Market Size, By End User, 2013-2020 (USD MN)
Table 54 Japan: Market Size, By Method, 2013-2020 (USD MN)
Table 55 U.K.: Market Size, By End User, 2013-2020 (USD MN)
Table 56 U.K.: Market Size, By Method, 2013-2020 (USD MN)
Table 57 France: Non-Destructive Testing Market Size, By End User, 2013-2020 (USD MN)
Table 58 France: Market Size, By Method, 2013-2020 (USD MN)
Table 59 Canada: Market Size, By End User, 2013-2020 (USD MN)
Table 60 Canada: Market Size, By Method, 2013-2020 (USD MN)
Table 61 Italy: Non-Destructive Testing Market Size, By End User, 2013-2020 (USD MN)
Table 62 Italy: Market Size, By Method, 2013-2020 (USD MN)
Table 63 BRICS : Non-Destructive Testing Market Size, By Country, 2013-2020 (USD MN)
Table 64 BRICS: Market Size, By End User, 2013-2020 (USD MN)
Table 65 BRICS: Market Size, By Technique, 2013-2020 (USD MN)
Table 66 BRICS: Market Size, By Method, 2013-2020 (USD MN)
Table 67 China: Market Size, By End User, 2013-2020 (USD MN)
Table 68 China: Market Size, By Method, 2013-2020 (USD MN)
Table 69 India: Non-Destructive Testing Market Size, By End User, 2013-2020 (USD MN)
Table 70 India: Market Size, By Method, 2013-2020 (USD MN)
Table 71 Russia: Market Size, By End User, 2013-2020 (USD MN)
Table 72 Russia: Market Size, By Method, 2013-2020 (USD MN)
Table 73 Brazil: Non-Destructive Testing Market Size, By End User, 2013-2020(USD MN)
Table 74 Brazil: Market Size, By Method, 2013-2020 (USD MN)
Table 75 South Africa: Market Size, By End User, 2013-2020 (USD MN)
Table 76 South Africa: Market Size, By Method, 2013-2020 (USD MN)
Table 77 RoW: Non-Destructive Testing Market Size, By Country, 2013-2020 (USD MN)
Table 78 RoW: Market Size, By End User, 2013-2020 (USD MN)
Table 79 RoW: Market Size, By Technique, 2013-2020(USD MN)
Table 80 RoW: Market Size, By Method, 2013-2020 (USD MN)
Table 81 Saudi Arabia: Non-Destructive Testing Market Size, By End User, 2013-2020 (USD MN)
Table 82 Saudi Arabia: Market Size, By Method, 2013-2020 (USD MN)
Table 83 South Korea: Market Size, By End User, 2013-2020 (USD MN)
Table 84 South Korea: Market Size, By Method, 2013-2020 (USD MN)
Table 85 New Product Launches, 2013-2015
Table 86 Acquisitions, Partnerships, and Agreements, 2014 - 2015
Table 87 Contracts, 2014-2015
Table 88 Geographic Expansion, 2014-2015

List of Figures

Figure 1 Markets Covered: Non-Destructive Testing Market
Figure 2 Report Flow
Figure 3 Research Design
Figure 4 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 5 Global New Investment in Renewable Energy, 2008-2014
Figure 6 Global New Investment in Renewable Energy By Sector, 2013
Figure 7 Total Length of the Pipeline Network, By Country in Kilometres in 2013
Figure 8 Total Fleets Size, 2012-2013
Figure 9 Market Size Estimation Methodology: Bottom-Up Approach
Figure 10 Market Size Estimation Methodology: Top-Down Approach
Figure 11 Data Triangulation
Figure 12 Non-Destructive Testing Market Snapshot (2015 vs 2020): Market for Oil & Gas Industry Projected to Hold the Largest Market Share
Figure 13 G7 Nations Lead the Non-Destructive Testing Market, 2013-2020
Figure 14 BRICS Countries to Grow at the Highest CAGR During the Forecast Period
Figure 15 India to Be the Most Prospective Market to Invest in the Next Five Years
Figure 16 New Product Launch Was the Key Growth Strategy From 2013 to 2015
Figure 17 Attractive Opportunities in Market, 2015-2020
Figure 18 Oil & Gas Industry is the Most Lucrative Among End Users, 2013-2020
Figure 19 Ultrasonic Testing Equipment Market to Be the Largest Among All the Segments By Method, 2015-2020
Figure 20 G7 Nations are Expected to Hold the Largest Market Share
Figure 21 BRICS Non-Destructive Testing Market, By Technique, 2015 & 2020
Figure 22 BRICS Market, By End User, 2015-2020
Figure 23 BRICS NDT Market is Expected to Grow at the Highest Rate
Figure 24 Non-Destructive Testing Market: Technological Evolution
Figure 25 Market, By Method
Figure 26 Market, By Application
Figure 27 Non-Destructive Testing Market, By Technique
Figure 28 Market, By Region
Figure 29 Market, By End User
Figure 30 Strict Government Regulations and Increased Demand of NDT Techniques Driving the Market
Figure 31 Aging Infrastructure: Relationship Between Maintenance, Condition, & Time
Figure 32 Worldwide Infrastructure Development in Different Sectors, USD Trillion, 2010 to 2025
Figure 33 Professional Age Profiles in the NDT Industry in Europe, 2010
Figure 34 Non-Destructive Testing Market Value-Chain Analysis
Figure 35 Non-Destructive Testing Supply Chain Analysis
Figure 36 Technological Developments is A Growing Trend in the Nondestructive Testing Market
Figure 37 Porter’s Five Forces Analysis (2015): Continuous Improvement of Technology in the Market Affects the Market Positively
Figure 38 Porter’s Five Forces Analysis - 2015
Figure 39 The Threat of New Entrants
Figure 40 The Threat of Substitutes
Figure 41 Bargaining Power of Suppliers
Figure 42 Bargaining Power of Buyers
Figure 43 Visual Inspection Method Segment is Expected to Dominate the NDT Market in 2015
Figure 44 NDT Method Comparison
Figure 45 Long Range Ultrasonic Inspection Program
Figure 46 G7 Nations to Dominate the Ultrasonic Testing Segment Over the Next Five Years
Figure 47 Radiographic Testing in NDT Market, 2015-2020
Figure 48 Liquid Penetrant Testing in Non-Destructive Testing Market, 2015-2020
Figure 49 Magnetic Particle Testing in Market, 2015-2020
Figure 50 Eddy-Current Testing in Market, 2015-2020
Figure 51 Visual Inspection in Non-Destructive Testing Market, 2015-2020
Figure 52 Oil & Gas Industry Dominates the NDT Market in 2015
Figure 53 NDT Market Future Outlook, By End User
Figure 54 BRICS to Dominate the Aerospace & Defense Industry in the NDT Market Over the Next Five Years
Figure 55 Automotive Industry in Global NDT Market, 2015-2020
Figure 56 Oil & Gas Industry in Global NDT Market, 2015-2020
Figure 57 Infrastructure Industry in Global NDT Market, 2015-2020
Figure 58 Power Generation Industry in Global NDT Market
Figure 59 Study of Innovative NDT Technique Concept for Detection of Surface Cracks
Figure 60 Condition Monitoring Technique is Expected to Grow at the Highest Rate During the Forecast Period
Figure 61 G7 Nations Expected to Dominate the Surface Examination Technique Over the Next Five Years
Figure 62 BRICS is Expected to Register the Highest CAGR for Volumetric Examination Technique From 2015 to 2020
Figure 63 G7 Nations to Capture the Largest Share of Condition Monitoring Technique Segment During the Forecast Period
Figure 64 BRICS to Dominate the Integrity Technique Segment During the Forecast Period
Figure 65 The USIs Estimated to Capture the Largest Market Share of the Nondestructive Testing Market in G7 Nations in 2015
Figure 66 Oil and Natural Gas are the Majorly Consumed Energy and Fuel Sources in the U.S
Figure 67 BRICS Snapshot: India is Expected to Show the Highest Growth Rate During the Forecast Period
Figure 68 BRICS: Non-Destructive Testing Market Size, By Country, 2015 vs 2020 (USD MN)
Figure 69 China: Market Size, By End User, 2015 vs 2020 (USD MN)
Figure 70 India: Non Destructive Testing Market Size, By End User, 2015 vs 2020 (USD MN)
Figure 71 Russia: Non-Destructive Testing Market Size, By End User, 2015 vs 2020 (USD MN)
Figure 72 Brazil: Market Size, By End User, 2015 vs 2020 (USD MN)
Figure 73 Increasing Oil and Gas Activity in Africa Driving Economic Growth By 2025
Figure 74 NDT Inspection Services Market in South Africa
Figure 75 South Africa: Non-Destructive Testing Market Size, By End User, 2015 vs 2020 (USD MN)
Figure 76 Oil & Gas Industry is Expected to Dominate the RoW Market
Figure 77 RoW: Non-Destructive Testing Market Size, By Country, 2015 vs 2020 (USD MN)
Figure 78 Saudi Arabia: Non Destructive Testing Market Size, By End User, 2015 vs 2020 (USD MN)
Figure 79 South Korea: Market Size, By End User, 2015 vs 2020 (USD MN)
Figure 80 Companies Adopted Contracts & New Product Launches as Key Growth Strategies From 2012 to 2015
Figure 81 NDT Market Share Analysis, By Key Player, 2014
Figure 82 Number of Patent Applications Filed By Olympus Corporation in Japan in Core Competence Areas
Figure 83 Number of Patent Applications Filed By Olympus Corporation Overseas in Core Competence Areas
Figure 84 NDT Market Witnessed Significant Growth From 2013 to 2015
Figure 85 New Product Launch Was the Key Growth Strategy Between 2013 and 2015
Figure 86 Regional Revenue Mix of Top Five Market Players
Figure 87 Olympus Corporation: Company Snapshot
Figure 88 Olympus Corporation: SWOT Analysis
Figure 89 Mistras Group, Inc.: Company Snapshot
Figure 90 Mistras Group, Inc.: SWOT Analysis
Figure 91 Intertek Group PLC: Company Snapshot
Figure 92 Intertek Group PLC: SWOT Analysis
Figure 93 SGS SA: Company Snapshot
Figure 94 SGS SA: SWOT Analysis
Figure 95 GE Measurement & Control: Company Snapshot
Figure 96 GE Measurement & Control: SWOT Analysis

Note: Product cover images may vary from those shown
3 of 5

FEATURED COMPANIES

  • Ashtead Technology, Inc
  • GE Measurement & Control
  • Intertek Group PLC.
  • Mistras Group, Inc.
  • Nikon Metrology, Inc
  • Olympus Corporation
  • MORE

The non-destructive testing market is estimated to be valued at USD 12.98 Billion in 2015 and is projected to reach USD 18.88 Billion by 2020, at a CAGR of 7.78% from 2015 to 2020. The growth of this market is driven by the increased interest from end users in order to gain operations efficiency. Technological advancements have increased the overall industrial development within a wide range of sectors. Aerospace & defense, power generation, oil & gas, and automotive are some of the leading sectors which use NDT techniques to ascertain the quality of end products as well as related material during manufacturing. The growth of this market is propelled by government safety regulations in G7 nations and BRICS ecosystem.

The oil & gas and power generation sectors registered the highest growth in almost all G7 countries. Huge shale oil & gas reserves in countries such as the U.S., the U.K., Germany, France, and Italy have increased the NDT market in these particular countries phenomenally.

The increased power generation operation, especially in the nuclear energy sector in the U.S., is also driving the NDT market significantly since NDT inspection plays an important role in the functioning of the power generation sector.

The aviation industry in France, the U.K., and Italy is progressing at a high rate due to substantial tourism growth in these countries. This is contributing majorly towards the growth of the NDT market since NDT techniques are applicable in the aerospace/aviation industry at every level, right from manufacturing to the periodic maintenance programs. Therefore, NDT equipment market has a huge potential to grow in the collective market of G7 nations.

The NDT market, by region, is led by the G7 nations segment which includes the U.S., the U.K., Germany, Japan, France, Canada, and Italy. The G7 nations hold the largest market share of the global NDT market in 2015. Extensive investments in shale oil & gas exploration along with focus towards generating nuclear energy by the major developed countries are the prime reasons behind the growth of the NDT market.

The high cost of equipment and lack of qualified technicians are some of the key factors that limit the growth of this market globally. In addition to this, reluctance towards the adoption of new inspection methods poses a key challenge for industry players.

The global NDT market is diversified and competitive, with the majority of players from the North American and European regions. The market is dominated by companies based on their core competencies. New product launch is the key strategy being adopted by industry players to grow in the NDT market. Companies are focusing on accuracy and precision of non-destructive testing devices. Advancement in technology is helping them produce detailed images of various anomalies. Key players in this market include MISTRAS (U.S.), Olympus Corporation (Japan), GE Inspection Technologies (U.S.), Intertek Group PLC (U.K.), and SGS SA (Switzerland).

Note: Product cover images may vary from those shown
4 of 5

- Ashtead Technology, Inc
- Bosello High Technology S.R.L
- Fujifilm Holding Corporation
- GE Measurement & Control
- Intertek Group PLC.
- Mistras Group, Inc.
- Nikon Metrology, Inc
- Olympus Corporation
- SGS SA
- Sonatest Ltd

Note: Product cover images may vary from those shown
5 of 5
Note: Product cover images may vary from those shown

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