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Europe NDT and Inspection Market Size, Share & Trends Analysis Report By Offering (Services and Technique), By Vertical (Manufacturing, Public Infrastructure, Automotive, Power Generation, Aerospace, Oil & Gas and Others), By Country and Growth Forecast, 2023 - 2030

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    Report

  • 159 Pages
  • March 2024
  • Region: Europe
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5949359
The Europe NDT and Inspection Market would witness market growth of 10.0% CAGR during the forecast period (2023-2030).

The Germany market dominated the Europe NDT and Inspection Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,344.3 million by 2030. The UK market is exhibiting a CAGR of 9% during (2023 - 2030). Additionally, The France market would experience a CAGR of 10.8% during (2023 - 2030).



The NDT and inspection landscape have witnessed dynamic trends and innovations driven by technological advancements and industry demands. The integration of AI and ML technologies is revolutionizing NDT processes. Advanced algorithms enable automated defect recognition, predictive maintenance, and real-time data analysis. AI-driven solutions enhance the efficiency and accuracy of inspections, allowing for more proactive and data-driven decision-making.

Furthermore, the advent of Industry 4.0 has ushered in a new era of digitalization in NDT. IoT (Internet of Things) sensors and connected devices enable continuous monitoring of assets, providing real-time insights into their condition. Innovations in sensor technologies have expanded the capabilities of NDT. Ultrasonic, radiographic, and electromagnetic sensors are becoming more sophisticated, allowing for more precise and comprehensive inspections.

The EU automotive sector strongly emphasizes maintaining high-quality standards. NDT and inspection technologies ensure that automotive components and materials meet stringent quality assurance requirements. As per the data provided by Eurostat in 2023, over the past five years, the passenger automobile fleet in practically all EU Member States has increased, surpassing the EU's total of 250 million cars. Poland has the most vehicles per thousand people, followed by Italy and Luxembourg. Thus, Europe's growing automotive and aerospace sectors will boost the demand for its procedures in the region.

Based on Offering, the market is segmented into Services (Inspection Services, Equipment Rental Services, Calibration Services, and Training Services) and Technique (Ultrasonic Testing (UT), Magnetic Particle Testing (MPT), Radiographic Testing (RT), Acoustic Emission Testing (AET), Visual Testing (VT), Liquid Penetrant Testing (LPT) and Eddy-Current Testing (ECT)s). Based on Vertical, the market is segmented into Manufacturing, Public Infrastructure, Automotive, Power Generation, Aerospace, Oil & Gas and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

List of Key Companies Profiled

  • General Electric Company
  • Mistras Group, Inc.
  • Olympus Corporation
  • Eddyfi Technologies
  • Intertek Group PLC
  • Bureau Veritas S.A.
  • TÜV Rheinland AG
  • DEKRA SE
  • Carestream Health, Inc. (Onex Corporation)
  • Creaform, Inc. (AMETEK, Inc.)

Market Report Segmentation

By Offering
  • Services
  • Inspection Services
  • Equipment Rental Services
  • Calibration Services
  • Training Services
  • Technique
  • Ultrasonic Testing (UT)
  • Magnetic Particle Testing (MPT)
  • Radiographic Testing (RT)
  • Acoustic Emission Testing (AET)
  • Visual Testing (VT)
  • Liquid Penetrant Testing (LPT)
  • Eddy-Current Testing (ECT)s
By Vertical
  • Manufacturing
  • Public Infrastructure
  • Automotive
  • Power Generation
  • Aerospace
  • Oil & Gas
  • Others
By Country
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe NDT and Inspection Market, by Offering
1.4.2 Europe NDT and Inspection Market, by Vertical
1.4.3 Europe NDT and Inspection Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.2.4 Geographical Expansion
4.3 Market Share Analysis, 2022
4.4 Top Winning Strategies
4.4.1 Key Leading Strategies: Percentage Distribution (2019-2023)
4.4.2 Key Strategic Move: (Mergers & Acquisitions : 2019, Feb - 2023, Oct) Leading Players
4.4.3 Key Strategic Move: (Product Launches and Product Expansions : 2021, Nov - 2023, Nov) Leading Players
4.5 Porter’s Five Forces Analysis
Chapter 5. Europe NDT and Inspection Market by Offering
5.1 Europe Services Market by Country
5.2 Europe NDT and Inspection Market by Services Type
5.2.1 Europe Inspection Services Market by Country
5.2.2 Europe Equipment Rental Services Market by Country
5.2.3 Europe Calibration Services Market by Country
5.2.4 Europe Training Services Market by Country
5.3 Europe Technique Market by Country
5.4 Europe NDT and Inspection Market by Technique Type
5.4.1 Europe Ultrasonic Testing (UT) Market by Country
5.4.2 Europe Magnetic Particle Testing (MPT) Market by Country
5.4.3 Europe Radiographic Testing (RT) Market by Country
5.4.4 Europe Acoustic Emission Testing (AET) Market by Country
5.4.5 Europe Visual Testing (VT) Market by Country
5.4.6 Europe Liquid Penetrant Testing (LPT) Market by Country
5.4.7 Europe Eddy-Current Testing (ECT)s Market by Country
Chapter 6. Europe NDT and Inspection Market by Vertical
6.1 Europe Manufacturing Market by Country
6.2 Europe Public Infrastructure Market by Country
6.3 Europe Automotive Market by Country
6.4 Europe Power Generation Market by Country
6.5 Europe Aerospace Market by Country
6.6 Europe Oil & Gas Market by Country
6.7 Europe Others Market by Country
Chapter 7. Europe NDT and Inspection Market by Country
7.1 Germany NDT and Inspection Market
7.1.1 Germany NDT and Inspection Market by Offering
7.1.1.1 Germany NDT and Inspection Market by Services Type
7.1.1.2 Germany NDT and Inspection Market by Technique Type
7.1.2 Germany NDT and Inspection Market by Vertical
7.2 UK NDT and Inspection Market
7.2.1 UK NDT and Inspection Market by Offering
7.2.1.1 UK NDT and Inspection Market by Services Type
7.2.1.2 UK NDT and Inspection Market by Technique Type
7.2.2 UK NDT and Inspection Market by Vertical
7.3 France NDT and Inspection Market
7.3.1 France NDT and Inspection Market by Offering
7.3.1.1 France NDT and Inspection Market by Services Type
7.3.1.2 France NDT and Inspection Market by Technique Type
7.3.2 France NDT and Inspection Market by Vertical
7.4 Russia NDT and Inspection Market
7.4.1 Russia NDT and Inspection Market by Offering
7.4.1.1 Russia NDT and Inspection Market by Services Type
7.4.1.2 Russia NDT and Inspection Market by Technique Type
7.4.2 Russia NDT and Inspection Market by Vertical
7.5 Spain NDT and Inspection Market
7.5.1 Spain NDT and Inspection Market by Offering
7.5.1.1 Spain NDT and Inspection Market by Services Type
7.5.1.2 Spain NDT and Inspection Market by Technique Type
7.5.2 Spain NDT and Inspection Market by Vertical
7.6 Italy NDT and Inspection Market
7.6.1 Italy NDT and Inspection Market by Offering
7.6.1.1 Italy NDT and Inspection Market by Services Type
7.6.1.2 Italy NDT and Inspection Market by Technique Type
7.6.2 Italy NDT and Inspection Market by Vertical
7.7 Rest of Europe NDT and Inspection Market
7.7.1 Rest of Europe NDT and Inspection Market by Offering
7.7.1.1 Rest of Europe NDT and Inspection Market by Services Type
7.7.1.2 Rest of Europe NDT and Inspection Market by Technique Type
7.7.2 Rest of Europe NDT and Inspection Market by Vertical
Chapter 8. Company Profiles
8.1 General Electric Company
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expense
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.6 SWOT Analysis
8.2 Mistras Group, Inc.
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expenses
8.2.5 Recent strategies and developments:
8.2.5.1 Acquisition and Mergers:
8.2.6 SWOT Analysis
8.3 Olympus Corporation
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 SWOT Analysis
8.4 Eddyfi Technologies
8.4.1 Company Overview
8.4.2 Recent strategies and developments:
8.4.2.1 Product Launches and Product Expansions:
8.4.2.2 Acquisition and Mergers:
8.4.3 SWOT Analysis
8.5 Intertek Group PLC
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Recent strategies and developments:
8.5.4.1 Acquisition and Mergers:
8.5.5 SWOT Analysis
8.6 Bureau Veritas S.A.
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expenses
8.6.5 Recent strategies and developments:
8.6.5.1 Acquisition and Mergers:
8.6.6 SWOT Analysis
8.7 TÜV Rheinland AG
8.7.1 Company Overview
8.7.2 Recent strategies and developments:
8.7.2.1 Acquisition and Mergers:
8.7.3 SWOT Analysis
8.8 DEKRA SE
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Recent strategies and developments:
8.8.4.1 Partnerships, Collaborations, and Agreements:
8.8.4.2 Geographical Expansions:
8.8.5 SWOT Analysis
8.9 Carestream Health, Inc. (Onex Corporation)
8.9.1 Company Overview
8.9.2 SWOT Analysis
8.10. Creaform, Inc. (Ametek, Inc.)
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Segmental and Regional Analysis
8.10.4 Research & Development Expenses
8.10.5 Recent strategies and developments:
8.10.5.1 Product Launches and Product Expansions:
8.10.6 SWOT Analysis

Companies Mentioned

  • General Electric Company
  • Mistras Group, Inc.
  • Olympus Corporation
  • Eddyfi Technologies
  • Intertek Group PLC
  • Bureau Veritas S.A.
  • TÜV Rheinland AG
  • DEKRA SE
  • Carestream Health, Inc. (Onex Corporation)
  • Creaform, Inc. (AMETEK, Inc.)

Methodology

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