Global Non Destructive Testing in Aerospace & Defense Market - Growth, Trends and Forecasts (2016 - 2021)

  • ID: 3971074
  • Report
  • Region: Global
  • 126 pages
  • Mordor Intelligence
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The global Non-Destructive Testing (NDT) market is projected to reach USD 863.46 million by the end of 2020 from USD 557.26 million in 2015, growing at a CAGR of 9.15%. Non-destructive testing assesses the safety and reliability of a system by identifying flaws and defects without disrupting operations or delaying processes. NDT techniques are developed in order to counter the limitations of the destructive testing for larger and more expensive systems. They are particularly suitable for monitoring and testing the high value, critical components used in aerospace industry.

The major drivers for growth in the NDT market include: increasing investments in the aerospace & defense sector, increasing complexity of machines and structures that need continual evaluation for maintaining structural integrity, and government's safety regulations mandating the use of NDT techniques for clearances. Several opportunities such as large-scale aerospace projects in the APAC and European regions and the increasing need for advanced and automated NDT solutions are expected to contribute to the growth of the market in the future. Conversely, the shortage of a skilled workforce required to perform nondestructive testing, cost conscious APAC users, increasing equipment cost and the lack of end-user awareness might hinder the growth of the market.

Based on this report, the global NDT in aerospace & defense market is classified by the type of service and equipment offered; by techniques such as volumetric examination, surface examination, condition monitoring, integrity examination and others; by technology which includes various testings’ techniques from radiography to eddy currents. The ultrasonic testing segment has dominated the market with a share of XX.XX%, followed by radiography testing with a share of XX.XX%, as per 2015. The visual inspection testing segment is expected to grow at the highest CAGR of XX.XX%, during the forecast period of 2015-2020.

The geographical regions covered in this study are North America, Asia Pacific, Europe, Middle East and Africa and Latin America. North America held the highest share of the market with more than XX% in 2015, followed by Europe and Asia Pacific. In terms of growth rate, Asia Pacific is expected to be the fastest growing region over the forecast period (2015-2020), and is estimated to grow with a CAGR of more than XX%, followed by the Europe and Latin America.

Some of the key players in the global NDT in aerospace & defense market are:

- Bosello High Technology
- Flir Systems Inc
- Fujifilm Corporation
- GE Measurement & Control
- Gould-Bass Co
- Hamamatsu Photonics K.K.
- Magnaflux, NDT Systems Inc
- Mistras Group Inc
- NDTS India Pvt Ltd
- Nikon Metrology
- Olympus Corporation
- Sonotron NDT
- Team Industrial Services
- Yxlon International Gmgh
- ZETEC

What the report offers

- Market definition for global NDT aerospace market along with identification of key drivers and restraints for the market.
- Market analysis for the global NDT aerospace market, with region specific assessments and competition analysis on a regional scale.
- Identification of factors instrumental in changing the market scenario, rising prospective opportunities and identification of key companies which can influence the market on a regional scale.
- Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market share.
- Identification and analysis of the macro and micro factors that affect the global NDT aerospace market on the global and regional scale.
- A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.

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1. INTRODUCTION

2. RESEARCH METHODOLOGY

3. KEY FINDINGS OF THE STUDY

4. EXECUTIVE SUMMARY

5. MARKET OVERVIEW

6. OVERVIEW

7. PORTER'S FIVE FORCES ANALYSIS

7.1 Threat of New Entrants

7.2 BARGAINING POWER OF CONSUMERS (BUYERS)

7.3 BARGAINING POWER OF SUPPLIERS

7.4 THREAT OF SUBSTITUTE PRODUCTS AND SERVICES

7.5 INTENSITY OF COMPETITIVE RIVALRY

8. INDUSTRY POLICIES

9. MARKET DYNAMICS

10. DRIVERS

10.1 INCREASING INVESTMENTS IN AEROSPACE & DEFENSE

10.2 INCREASING COMPLEXITY OF MACHINE

11. RESTRAINTS

11.1 LACK OF TECHNICAL WORKFORCE

11.2 LACK OF AWARENESS

12. GLOBAL NON-DESTRUCTIVE TESTING IN AEROSPACE & DEFENSE MARKET SEGMENTATION (2015-2020)

13. BY TYPE

13.1 SERVICE

13.2 EQUIPMENT

14. TECHNIQUE

14.1 VOLUME EXAMINATION

14.2 SURFACE EXAMINATION

14.3 CONDITION MONITORING

14.4 INTEGRITY EXAMINATION

14.5 OTHERS

15. BY TECHNOLOGY

15.1 RADIOGRAPHY TESTING

15.2 ULTRASONIC TESTING

15.3 MAGNETIC PARTICLE TESTING AND ELECTROMAGNETIC TESTING

15.4 LIQUID PENETRANT TESTING

15.5 VISUAL INSPECTION

15.6 ACOUSTIC EMISSION TESTING

15.7 THERMOGRAPHY TESTING

15.8 EDDY CURRENT

15.9 OTHERS

16. GLOBAL NON DESTRUCTIVE TESTING MARKET IN AEROSPACE & DEFENSE - SEGMENTED BY REGION

16.1 NORTH AMERICA

16.2 EUROPE

16.3 ASIA-PACIFIC

16.4 LATIN AMERICA

16.5 MIDDLE EAST AND AFRICA

17. COMPETITIVE INTELLIGENCE - COMPANY PROFILES

18. BOSELLO HIGH TECHNOLOGY

18.1 OVERVIEW

18.2 PRODUCTS AND SERVICES

18.3 FINANCIALS

18.4 RECENT DEVELOPMENTS

18.5 MISTRAS GROUP, INC.

18.6 OVERVIEW

18.7 PRODUCTS AND SERVICES

18.8 FINANCIALS

19. RECENT DEVELOPMENTS

20. FLIR SYSTEMS, INC

20.1 OVERVIEW

20.2 PRODUCTS AND SERVICES

20.3 FINANCIALS

20.4 RECENT DEVELOPMENTS

21. FUJIFILM CORPORATION

21.1 OVERVIEW

21.2 PRODUCTS AND SERVICES

21.3 FINANCIALS

21.4 RECENT DEVELOPMENTS

22. GE MEASUREMENT & CONTROL

22.1 OVERVIEW

22.2 PRODUCTS AND SERVICES

22.3 FINANCIALS

22.4 RECENT DEVELOPMENTS

23. GOULD-BASS CO

23.1 OVERVIEW

23.2 PRODUCTS AND SERVICES

23.3 FINANCIALS

23.4 RECENT DEVELOPMENTS

24. MAGNAFLUX

24.1 OVERVIEW

24.2 PRODUCTS AND SERVICES

24.3 FINANCIALS

24.4 RECENT DEVELOPMENTS

25. NDT SYSTEMS, INC.

25.1 OVERVIEW

25.2 PRODUCTS AND SERVICES

25.3 FINANCIALS

25.4 RECENT DEVELOPMENTS

26. NIKON METROLOGY

26.1 OVERVIEW

27. PRODUCTS AND SERVICES

27.1 FINANCIALS

27.2 RECENT DEVELOPMENTS

28. OLYMPUS CORPORATION

28.1 OVERVIEW

28.2 PRODUCTS AND SERVICES

28.3 FINANCIALS

28.4 RECENT DEVELOPMENTS

29. SONATEST LTD

29.1 OVERVIEW

29.2 PRODUCTS AND SERVICES

29.3 FINANCIALS

29.4 RECENT DEVELOPMENTS

30. SONOTRON NDT

30.1 OVERVIEW

30.2 PRODUCTS AND SERVICES

30.3 FINANCIALS

30.4 RECENT DEVELOPMENTS

31. ZETEC

31.1 OVERVIEW

31.2 PRODUCTS AND SERVICES

32. FINANCIALS

32.1 RECENT DEVELOPMENTS

33. YXLON INTERNATIONAL GMBH

33.1 OVERVIEW

33.2 PRODUCTS AND SERVICES

33.3 FINANCIALS

33.4 RECENT DEVELOPMENTS

34. TEAM INDUSTRIAL SERVICES

34.1 OVERVIEW

34.2 PRODUCTS AND SERVICES

34.3 FINANCIALS

34.4 RECENT DEVELOPMENTS

35. NDTS INDIA PVT. LTD

35.1 OVERVIEW

35.2 PRODUCTS AND SERVICES

35.3 FINANCIALS

35.4 RECENT DEVELOPMENTS

36. HAMAMATSU PHOTONICS K.K.

36.1 OVERVIEW

36.2 PRODUCTS AND SERVICES

36.3 FINANCIALS

36.4 RECENT DEVELOPMENTS

37. INVESTMENT ANALYSIS

38. RECENT MERGERS & ACQUISITIONS

39. INVESTMENT SCENARIO & OPPORTUNITIES

40. FUTURE OF NDT IN AEROSPACE & DEFENSE MARKET
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