Non-Destructive Testing and Inspection Market by Technique (Visual Testing, Magnetic Particle, Liquid Penetrant, Eddy Current, Ultrasonic, Radiographic, Acoustic Emission), Method, Service, Vertical, and Geography - Global Forecast to 2023

  • ID: 4372228
  • Report
  • Region: Global
  • 222 Pages
  • Markets and Markets
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The Non-Destructive Testing (NDT) and Inspection Market was Valued at USD 7.07 Billion in 2016 and is Expected to Reach USD 12.06 Billion by 2023 at a CAGR of 7.83%

FEATURED COMPANIES

  • Ashtead Technology Inc.
  • Fischer Technology Inc.
  • General Electric
  • Labquip NDT Limited
  • Mistras Group Inc.
  • Nikon Metrology Inc.
  • MORE

“Non-destructive testing and inspection market expected to grow at a CAGR of 7.83% during the forecast period”

The non-destructive testing (NDT) and inspection market is expected to be valued at USD 12.06 billion by 2023, growing at a CAGR of 7.83% between 2017 and 2023. A key influencing factor for the growth of the market is stringent government safety regulations for maintaining product quality and safety within an industrial environment. Large-scale infra projects in emerging countries are likely to create opportunities for the players in the market.

“Market for the ultrasonic testing is expected to grow rapidly in the near future”

The ultrasonic testing technique is expected to grow rapidly during the forecast period between 2017 and 2023.  The adoption of advanced UT techniques in the oil and gas industry for identifying faults drives the NDT market growth. The market for ultrasonic testing is estimated to rise by 2023 with the increased demand for NDT equipment in the manufacturing of aircraft and automobiles. The increasing demand for energy production in the power generation vertical would lead to high demand for NDT products during the forecast period.

“APAC to be the fastest-growing market for non-destructive testing and inspection”

The market in APAC is expected to grow at a high CAGR during the forecast period. The growth is attributed to several infrastructure projects that are under construction between 2017 and 2023 and increasing manufacturing vertical in APAC. The market in India is expected to grow at the highest CAGR between 2017 and 2023. The construction of new power plants to meet the growing demand for energy is expected to be the key factor for the growth of the NDT market in APAC.

Break-up of profiles of primary participants for the report is given below:

  • By Company Type: Tier 1 - 26%, Tier 2 - 32%, and Tier 3 - 42%
  • By Designation: C-Level Executives -52%, Directors - 23%, Managers - 25%
  • By Region: North America - 44%, Europe - 29%, APAC - 23%, RoW - 4%

General Electric Company (US), Olympus Corporation (Japan), Ashtead Technology Ltd. (UK), Mistras Group Inc. (US), Nikon Corporation (Japan), Magnaflux Corporation (US), Zetec Inc. (US), Sonatest Ltd. (UK), Sonotron NDT (Israel), Bosello High Tech SRL (Italy), Yxlon International GmbH (Germany), Fischer Technology Inc. (US), and Eddyfi NDT Inc. (Canada) are the key players in this market.

Research Coverage:

This report has been segmented into technique, method, service, vertical, and geography of the NDT market have been covered. It also discusses the key drivers, restraints, opportunities, and challenges pertaining to the market. The report gives a detailed view of the market across four main regions: North America, Europe, APAC, and RoW (comprising South America, the Middle East, and Africa).

Reasons to Buy the Report:

  • This report includes the market statistics pertaining to technique, methods, service, vertical, and geography.
  • Major drivers, restraints, opportunities, and challenges for the NDT market have been detailed in this report.
  • Illustrative segmentation, analyses, and forecast have been conducted for the market based on the technique, method, service, vertical, and geography to give an overall view of the non-destructive testing market.
  • The competitive landscape section includes key players, in-depth analysis, revenue of key players’ competitor ecosystem, product launches, partnerships, and mergers and acquisitions in the NDT market.
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FEATURED COMPANIES

  • Ashtead Technology Inc.
  • Fischer Technology Inc.
  • General Electric
  • Labquip NDT Limited
  • Mistras Group Inc.
  • Nikon Metrology Inc.
  • MORE

1 Introduction
1.1 Study Objectives
1.2 Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Secondary Sources
2.1.2 Primary Data
2.1.2.1 Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.1.1 Approach for Capturing the Market Share By Bottom-Up Analysis (Demand Side)
2.2.2 Top-Down Approach
2.2.2.1 Approach for Capturing the Market Share By Top-Down Analysis (Supply Side)
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions

3 Executive Summary

4 Premium Insights
4.1 Lucrative Opportunities in the NDT Market
4.2 NDT Market -Growth Pattern of NDT Services
4.3 NDT Market in APAC
4.4 Market Share of Major Countries, 2016
4.5 NDT Market, By Technique, 2017 vs 2023

5 Market Overview
5.1 Introduction
5.2 Evolution of Non-Destructive Testing
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Strong Government Regulations Pertaining to Safety and Product Quality
5.3.1.2 Continuous Advancements in Electronics, and Automation & Robotics
5.3.1.3 Growing Adoption of IoT Solutions
5.3.1.4 Need to Prolong the Lifespan and Increase the Capability of Aging Assets
5.3.2 Restraints
5.3.2.1 Lack of Skilled and Qualified Personnel for Conducting Inspections
5.3.3 Opportunities
5.3.3.1 Large-Scale Infra Projects in APAC, Europe, and Latin America
5.3.3.2 Growing Demand for NDT Inspection Services for Power Generation
5.3.3.3 Innovative Technological Advancements Creating New Application Areas for NDT
5.3.3.4 Immense Demand for NDT Inspection Services for the Aging Infrastructure to Tackle With Corrosion Issues
5.3.4 Challenges
5.3.4.1 Oil Glut and Fall in Crude Oil Prices
5.3.4.2 Reluctance to Adopt New NDT Techniques
5.3.4.3 Increasing Complexity of Machines and Structures
5.3.4.4 High Cost of Automated NDT Equipment
5.4 Applications of NDT
5.4.1 Dimensional Measurement
5.4.2 Flaw Detection
5.4.3 Leak Detection
5.4.4 Estimation of Physical Properties
5.4.5 Chemical Composition Determination
5.4.5.1 Plasma Emission Spectrography
5.4.5.2 Corrosion Resistance Testing
5.4.6 Stress and Structure Analysis
5.4.7 Others

6 Industry Trends
6.1 Introduction
6.2 Value Chain Analysis
6.3 Emerging Trends: Non-Destructive Testing Equipment Industry
6.3.1 Using Combination of Techniques
6.3.2 Development of New Materials to Refurbish the Market
6.3.3 Increased Customer Expectations
6.4 Regulations and Standards Related to NDT
6.5 Leading Associations for NDT
6.5.1 American Society for NDT
6.5.2 British Institute of Non-Destructive Testing
6.5.3 Astm International

7 Non-Destructive Testing Market, By Technique
7.1 Introduction
7.2 Ultrasonic Testing (UT)
7.2.1 Straight Beam
7.2.2 Angle Beam
7.2.3 Immersion Testing
7.2.4 Guided Wave
7.2.5 Phased Array
7.2.6 Time-Of-Flight Diffraction (TOFD)
7.3 Visual Testing
7.3.1 General Inspection
7.3.2 Aided Visual Inspection
7.3.2.1 Borescope
7.3.2.2 Endoscope
7.3.2.3 Videoscope
7.4 Magnetic Particle Testing (MPT)
7.5 Liquid Penetrant Testing (LPT)
7.6 Eddy Current Testing (ECT)
7.6.1 Alternating Current Field Measurement (ACFM)
7.6.2 Remote Field Testing (RFT)
7.6.3 Eddy Current Array (ECA)
7.7 Radiographic Testing (RT)
7.7.1 X-Ray Testing
7.7.2 Gamma-Ray Testing
7.7.3 Computed Radiography
7.7.4 Film Radiography
7.7.5 Direct Radiography (Real-Time)
7.8 Acoustic Emission Testing (AET)
7.9 Other Techniques
7.9.1 Terahertz Imaging
7.9.2 Near-Infrared Spectroscopy

8 Non-Destructive Testing Market, By Method
8.1 Introduction
8.2 Visual Inspection
8.3 Surface Inspection
8.4 Volumetric Inspection
8.5 Other Methods

9 Non-Destructive Testing Market, By Service
9.1 Introduction
9.2 Inspection Services
9.2.1 Ultrasonic Inspection
9.2.2 Radiographic Inspection
9.2.3 Visual Inspection
9.2.4 Magnetic Particle Inspection
9.2.5 Advanced Eddy Current Inspection
9.2.6 Liquid Penetrant Inspection
9.3 Equipment Rental Services
9.4 Calibration Services
9.5 Training Services

10 Non-Destructive Testing Market, By Vertical
10.1 Introduction
10.2 Manufacturing
10.3 Oil & Gas
10.3.1 Refining
10.3.2 Transmission Pipeline
10.3.3 Subsea Pipelines
10.3.4 Storage Tanks
10.4 Aerospace & Defense
10.4.1 Aircraft Engine Part Production to Be the Key Application Area of NDT Equipment Testing
10.4.2 Composite Airframe Manufacturing to Be the Next Cult NDT Equipment Application
10.4.3 Aircraft Maintenance
10.4.4 Material Analysis
10.5 Public Infrastructure
10.5.1 Military & Defense
10.5.2 Airport Security
10.5.3 Railways in APAC to Have A High Demand for NDT
10.5.4 Bridges and Tunnels
10.5.5 Border Crossing
10.5.6 Nuclear Waste Storage and Decommissioning
10.6 Automotive
10.7 Power Generation
10.7.1 Nuclear Power to Be the Largest Driver for the Growth of NDT in the Power Generation Vertical
10.7.2 Wind Turbines
10.7.3 Solar Power
10.7.4 Fossil Fuel Energy
10.8 Other Verticals
10.8.1 Marine
10.8.2 Medical and Health
10.8.3 Plastics & Polymers

11 Geographic Analysis
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 UK
11.3.2 Germany
11.3.3 France
11.3.4 Italy
11.3.5 Rest of Europe
11.4 Asia Pacific
11.4.1 China
11.4.2 Japan
11.4.3 India
11.4.4 Rest of APAC
11.5 Rest of the World
11.5.1 South America
11.5.2 Middle East
11.5.3 Africa

12 Competitive Landscape
12.1 Introduction
12.2 Ranking Analysis of Top 5 Players in the NDT Market, 2016
12.3 Competitive Leadership Mapping
12.3.1 Visionary Leaders
12.3.2 Dynamic Differentiators
12.3.3 Innovators
12.3.4 Emerging Companies
12.4 Business Strategy Excellence (25 Companies)
12.5 Strength of Product Portfolio (25 Companies)
12.6 Competitive Scenarios and Trends

13 Company Profiles
(Business Overview, Products Offered, Product Offering Scorecard, Business Strategy Scorecard, Recent Developments, Key Relationships, and MnM View)*
13.1 Introduction
13.2 General Electric
13.3 Mistras Group Inc.
13.4 Olympus Corporation
13.5 Ashtead Technology Inc.
13.6 Nikon Metrology Inc.
13.7 Magnaflux Corporation
13.8 Zetec Inc.
13.9 Eddyfi NDT Inc.
13.10 Yxlon International GmbH
13.11 Fischer Technology Inc.
13.12 Sonatest Ltd.
13.13 NDT Global GmbH & Co. Kg
13.14 Td Williamson, Inc.
13.15 Bosello High Technology Srl
13.16 Key Innovator
13.16.1 Labquip NDT Limited
13.16.2 Ipromar PTE Ltd
13.16.3 Fprimec Solutions

*Details on Business Overview, Products Offered, Product Offering Scorecard, Business Strategy Scorecard, Recent Developments, Key Relationships, and View Might Not Be Captured in Case of Unlisted Companies.

14 Appendix
14.1 Insights of Industry Experts
14.2 Discussion Guide

List of Tables

Table 1 Dimensional Measurement Techniques
Table 2 Dimensional Measurement Evaluation
Table 3 Ultrasonic Transducers for Flaw Detection
Table 4 Leak Testing Techniques
Table 5 NDT Techniques for Detecting Structural Damages
Table 6 Other NDT Applications
Table 7 Non-Destructive Testing Market, By Technique and Service, 2014-2023 (USD Billion)
Table 8 Non-Destructive Testing Market, By Technique, 2014-2023 (USD Million)
Table 9 Non-Destructive Testing Market for UT, By Vertical, 2014-2023 (USD Million)
Table 10 Non-Destructive Testing Market for UT, By Region, 2014-2023 (USD Million)
Table 11 Non-Destructive Testing Market for VT, By Vertical, 2014-2023 (USD Million)
Table 12 Non-Destructive Testing Market for VT, By Region, 2014-2023 (USD Million)
Table 13 Non-Destructive Testing Market for MPT, By Vertical, 2014-2023 (USD Million)
Table 14 Non-Destructive Testing Market for MPT, By Region, 2014-2023 (USD Million)
Table 15 Comparison of Liquid-Penetrant Systems
Table 16 Non-Destructive Testing Market for LPT, By Vertical, 2014-2023 (USD Million)
Table 17 Non-Destructive Testing Market for LPT, By Region, 2014-2023 (USD Million)
Table 18 Non-Destructive Testing Market for ECT, By Vertical, 2014-2023 (USD Million)
Table 19 Non-Destructive Testing Market for ECT, By Region, 2014-2023 (USD Million)
Table 20 Non-Destructive Testing Market for RT, By Vertical, 2014-2023 (USD Million)
Table 21 Non-Destructive Testing Market for RT, By Region, 2014-2023 (USD Million)
Table 22 Non-Destructive Testing Market for AET, By Vertical, 2014-2023 (USD Million)
Table 23 Non-Destructive Testing Market for AET, By Region, 2014-2023 (USD Million)
Table 24 Application of Terahertz Imaging, By Industry
Table 25 Applications of Near-Infrared Spectroscopy, By Industry
Table 26 Non-Destructive Testing Market for Other Techniques, By Vertical, 2014-2023 (USD Million)
Table 27 Non-Destructive Testing Market for Other Techniques, By Region, 2014-2023 (USD Million)
Table 28 Non-Destructive Testing Market, By Method, 2014-2023 (USD Million)
Table 29 Non-Destructive Testing Market for Visual Inspection, By Region, 2014-2023 (USD Million)
Table 30 Non-Destructive Testing Market for Surface Inspection, By Region, 2014-2023 (USD Million)
Table 31 Non-Destructive Testing Market for Volumetric Inspection, By Region, 2014-2023 (USD Million)
Table 32 Non-Destructive Testing Market for Other Methods, By Region, 2014-2023 (USD Million)
Table 33 Non-Destructive Testing Market, By Service, 2014-2023 (USD Million)
Table 34 Non-Destructive Testing Market for Inspection Services, By Vertical, 2017-2023 (USD Million)
Table 35 Non-Destructive Testing Market for Inspection Services, By Region, 2014-2023 (USD Million)
Table 36 Non-Destructive Testing Market for Equipment Rental Services, By Vertical, 2014-2023 (USD Million)
Table 37 Non-Destructive Testing Market for Equipment Rental Services, By Region, 2014-2023 (USD Million)
Table 38 Non-Destructive Testing Market for Calibration Services, By Vertical, 2014-2023 (USD Million)
Table 39 Non-Destructive Testing Market for Calibration Services, By Region, 2014-2023 (USD Million)
Table 40 Non-Destructive Testing Market for Training Services, By Vertical, 2014-2023 (USD Million)
Table 41 Non-Destructive Testing Market for Training Services, By Region, 2014-2023 (USD Million)
Table 42 Industries With Testing Requirements
Table 43 Non-Destructive Testing Market, By Vertical, 2014-2023 (USD Million)
Table 44 Non-Destructive Testing Market for Manufacturing Vertical, By Technique and Service, 2014-2023 (USD Million)
Table 45 Non-Destructive Testing Market for Manufacturing Vertical, By Region, 2014-2023 (USD Million)
Table 46 Non-Destructive Testing Market for Oil & Gas Vertical, By Technique and Service, 2014-2023 (USD Million)
Table 47 Non-Destructive Testing Market for Oil & Gas Vertical, By Region, 2014-2023 (USD Million)
Table 48 NDT Techniques in Aerospace
Table 49 Essential NDT Techniques for Aircraft Maintenance
Table 50 Non-Destructive Testing Market for Aerospace Vertical, By Technique and Service, 2014-2023 (USD Million)
Table 51 Non-Destructive Testing Market for Aerospace Vertical, By Region, 2014-2023 (USD Million)
Table 52 Non-Destructive Testing Market for Public Infrastructure Vertical, By Technique and Service, 2014-2023 (USD Million)
Table 53 Non-Destructive Testing Market for Public Infrastructure Vertical, By Region, 2014-2023 (USD Million)
Table 54 NDT Technologies in the Automotive Vertical
Table 55 Non-Destructive Testing Market for Automotive Vertical, By Technique and Service, 2014-2023 (USD Million)
Table 56 Non-Destructive Testing Market for Automotive Vertical, By Region, 2014-2023 (USD Million)
Table 57 Applications of NDT Techniques in Nuclear Power Plants
Table 58 Non-Destructive Testing Market for Power Generation Vertical, By Technique and Service, 2014-2023 (USD Million)
Table 59 Non-Destructive Testing Market for Power Generation Vertical, By Region, 2014-2023 (USD Million)
Table 60 Non-Destructive Testing Market for Other Verticals, By Technique and Service, 2014-2023 (USD Million)
Table 61 Non-Destructive Testing Market for Other Verticals, By Region, 2014-2023 (USD Million)
Table 62 Non-Destructive Testing Market, By Region, 2014-2023 (USD Million)
Table 63 Non-Destructive Testing Market in North America, By Technique, 2014-2023 (USD Million)
Table 64 Non-Destructive Testing Market in North America, By Service, 2014-2023 (USD Million)
Table 65 Non-Destructive Testing Market in North America, By Vertical, 2014-2023 (USD Million)
Table 66 Non-Destructive Testing Market in North America, By Country, 2014-2023 (USD Million)
Table 67 Non-Destructive Testing Market in Europe, By Technique, 2014-2023 (USD Million)
Table 68 Non-Destructive Testing Market in Europe, By Service, 2014-2023 (USD Million)
Table 69 Non-Destructive Testing Market in Europe, By Vertical, 2014-2023 (USD Million)
Table 70 Non-Destructive Testing Market in Europe, By Country, 2014-2023 (USD Million)
Table 71 Non-Destructive Testing Market in APAC, By Technique, 2014-2023 (USD Million)
Table 72 Non-Destructive Testing Market in APAC, By Service, 2014-2023 (USD Million)
Table 73 Non-Destructive Testing Market in APAC, By Vertical, 2014-2023 (USD Million)
Table 74 Non-Destructive Testing Market in APAC, By Country, 2014-2023 (USD Million)
Table 75 Non-Destructive Testing Market in RoW, By Technique, 2014-2023 (USD Million)
Table 76 Non-Destructive Testing Market in RoW, By Service, 2014-2023 (USD Million)
Table 77 Non-Destructive Testing Market in RoW, By Vertical, 2014-2023 (USD Million)
Table 78 Non-Destructive Testing Market in RoW, By Region, 2014-2023 (USD Million)
Table 79 Ranking Analysis of Players in the NDT Market in 2016

List of Figures

Figure 1 Non-Destructive Testing Market: Process Flow of Market Size Estimation
Figure 2 Research Design: Non-Destructive Testing Market
Figure 3 Market Size Estimation Meth0dology: Bottom-Up Approach
Figure 4 Market Size Estimation Meth0dology: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Assumptions of the Research Study
Figure 7 Ultrasonic Testing Technique to Hold the Largest Market Size By 2023
Figure 8 NDT Market for Manufacturing Vertical to Exhibit Highest CAGR During 2017-2023
Figure 9 Inspection Services to Account for of the Largest Size of the NDT Market for Services During the Forecast Period
Figure 10 North America Accounted for the Largest Share of the Overall NDT Market in 2016
Figure 11 Significant Growth Opportunities for NDT Market Between 2017 and 2023
Figure 12 Inspection Services to Account for the Largest Market Size During the Forecast Period
Figure 13 China Held the Largest Market Share in APAC in 2016
Figure 14 US Accounted for the Largest Market Share
Figure 15 Ultrasonic Testing to Be the Most Preferred NDT Technique Between 2017 and 2023
Figure 16 Non-Destructive Testing Methods: Evolution
Figure 17 Increasing Demand for Corrosion Inspection Drives the Non-Destructive Testing Market During 2017-2023
Figure 18 Major Applications of NDT
Figure 19 Value Chain Analysis: NDT Market
Figure 20 NDT Services Expected to Hold A Major Share of the NDT Market During the Forecast Period
Figure 21 NDT Market Expected to Be Led By UT Technique During the Forecast Period
Figure 22 Oil & Gas Vertical to Hold the Largest Market Size for UT Technique By 2023
Figure 23 North America to Hold the Largest Size of the NDT Market for VT During the Forecast Period
Figure 24 Oil and Gas Vertical Expected to Be Hold the Largest Market Size During the Forecast Period
Figure 25 North America to Hold the Largest Size of the NDT Market for LPT During the Forecast Period
Figure 26 North America Expected to Hold the Largest Size of the NDT Market for ECT During 2017-2023
Figure 27 Volumetric Inspection Method Expected to Dominate the NDT Market Between 2017 and 2023
Figure 28 Inspection Services Expected to Account for Largest Share of the NDT Services Market By 2023
Figure 29 Power Generation Vertical Expected to Hold the Largest Size of the NDT Market By 2023
Figure 30 North America to Hold the Largest Size of the NDT Market for Power Generation Vertical By 2023
Figure 31 India to Be the Fastest-Growing Region in the Non-Destructive Testing During 2017-2023
Figure 32 Attractive Opportunities in the Manufacturing Vertical During the Forecast Period
Figure 33 Geographic Snapshot in North America, 2016
Figure 34 Germany Accounted for Largest Share in Europe in 2016
Figure 35 Geographic Snapshot in APAC, 2016
Figure 36 Geographic Snapshot in RoW, 2016
Figure 37 Leading Companies in the Non-Destructive Testing and Inspection Market Majorly Adopted Organic Strategies of Product Launches and Expansions Between 2014 and 2017
Figure 38 Competitive Leadership Mapping
Figure 39 Business Strategy Excellence
Figure 40 Strength of Product Portfolio
Figure 41 Battle for Market Share: Product Launches Was the Key Strategy During 2014-2017
Figure 42 Geographic Revenue Mix of Top Players
Figure 43 General Electric: Company Snapshot
Figure 44 Mistras Group Inc.: Company Snapshot
Figure 45 Olympus Corporation: Company Snapshot

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  • Ashtead Technology Inc.
  • Bosello High Technology Srl
  • Eddyfi NDT Inc.
  • Fischer Technology Inc.
  • Fprimec Solutions
  • General Electric
  • Ipromar PTE Ltd
  • Labquip NDT Limited
  • Magnaflux Corporation
  • Mistras Group Inc.
  • NDT Global GmbH & Co. Kg
  • Nikon Metrology Inc.
  • Olympus Corporation
  • Sonatest Ltd.
  • Td Williamson, Inc.
  • Yxlon International GmbH
  • Zetec Inc.
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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