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Non-Destructive Test (NDT) Services - Global Market Trajectory & Analytics

  • ID: 4911760
  • Report
  • July 2021
  • Region: Global
  • 465 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • ALS Limited
  • Bureau Veritas SA
  • Intertek Group Plc
  • NDT Global
  • NVI, LLC
  • TEAM, Inc.

Global Non-Destructive Test (NDT) Services Market to Reach $12.6 Billion by 2026


Non-destructive Testing (NDT) is the method of identifying, evaluating, and quantifying defects and deficiencies in a material or structure, without deforming or damaging the test component. The nondestructive testing, also referred to as Nondestructive evaluation (NDE), Nondestructive inspection (NDI), and Nondestructive examination (NDE), is a group of analysis methods used for evaluating properties of components, materials or systems without causing any damage to the target object. Non-destructive testing is used to test materials to detect internal or surface flaws and metallurgical condition. The NDT technique is applied for individual investigation on a sampling basis and is also used for material checking in a production quality control system. Accordingly, NDT methods are non-invasive techniques of measurement drawn from diverse fields such as engineering, medicine, radar, sonar, and geographical prospecting. NDT methods range from simple visual inspection techniques to advanced and specialized techniques such as positron annihilation and Barkhausen noise measurement. Other prominent methods include radiography, magnetic particle inspection, penetrant inspection, laser holography, eddy current testing, and ultrasonic testing.

Amid the COVID-19 crisis, the global market for Non-Destructive Test (NDT) Services estimated at US$8.6 Billion in the year 2020, is projected to reach a revised size of US$12.6 Billion by 2025, growing at a CAGR of 6.6% over the analysis period. Visual Inspection Testing (VT), one of the segments analyzed in the report, is projected to grow at a 6.7% CAGR to reach US$2 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Magnetic Particle Testing (MPT) & Electromagnetic Testing segment is readjusted to a revised 6.7% CAGR for the next 7-year period. This segment currently accounts for a 16.6% share of the global Non-Destructive Test (NDT) Services market.

The U.S. Market is Estimated at $3.3 Billion in 2021, While China is Forecast to Reach $1.6 Billion by 2026


The Non-Destructive Test (NDT) Services market in the U.S. is estimated at US$3.3 Billion in the year 2021. The country currently accounts for a 37.44% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$1.6 Billion in the year 2026 trailing a CAGR of 9.8% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.3% and 5.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 5.1% CAGR while Rest of European market (as defined in the study) will reach US$1.8 Billion by the close of the analysis period.

Stringent product usage specifications that industries have to adhere to, strong government safety regulations mandating safety of personnel and workplace where a range of physical assets are used, and tight quality control requirements that govern industries especially are expected to drive long term demand for NDT services. Furthermore, growing complexity of processes and products that require continuous inspection and testing has a bearing on market growth. At the same time, issues and challenges associated with in-house NDT departments also favor the market. High up-front costs of equipment, shortage of trained personnel, lack of full-scale training facilities for advanced equipment, and pollution and operator safety concerns are some of the issues that encourage enterprises to prefer third party NDT services.

Technological advancements such as introduction of automated NDT equipment, emergence of user-friendly equipment, made possible by developments in software as well as introduction of a slew of novel non-destructive technologies have also been boosting market prospects for NDT services in recent years. While ultrasonic, radiography and eddy-current testing have been the traditional NDT techniques that have achieved tremendous success over the years, new technologies such as X-Ray computed tomography, phased array ultrasonic and computed radiography are expected to grow in prominence in the upcoming years. Remote visual inspection is also achieving considerable attention, with aerospace sector especially mandating use of the NDT service for range of applications. Advancements in sensors, automation and semiconductor technologies are also helping transform NDT as an integral part of integrity solution, asset management and decision making tools. Developments in nanomaterials and advanced components and use of same for manufacturing a range of structure components will also help drive demand for NDT services to test these materials and structures developed using these materials.

Liquid Penetrant Testing (LPT) Segment to Reach $858.4 Million by 2026


In the global Liquid Penetrant Testing (LPT) segment, USA, Canada, Japan, China and Europe will drive the 5.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$484.1 Million in the year 2020 will reach a projected size of US$720.2 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$100.4 Million by the year 2026, while Latin America will expand at a 7.6% CAGR through the analysis period.

Select Competitors (Total 141 Featured) -

  • ALS Limited
  • Applus+
  • Bureau Veritas SA
  • Dekra SE
  • Intertek Group Plc
  • MISTRAS Group, Inc.
  • NDT Global
  • Nikon Metrology NV
  • NVI, LLC
  • SGS SA
  • TEAM, Inc.
  • TUV Rheinland AG
  • YXLON International GmbH
  • Zetec, Inc.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • ALS Limited
  • Bureau Veritas SA
  • Intertek Group Plc
  • NDT Global
  • NVI, LLC
  • TEAM, Inc.
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Impact of COVID-19 Pandemic and Looming Global Recession: 2020 Marked as a Year of Disruption & Transformation
  • Exhibit 1: World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
  • Impact of COVID-19 Pandemic: Key End-Use Industries of NDT Services Confronting Challenging Times
  • Construction Industry
  • Oil & Gas
  • Automotive Industry
  • Energy and Power
  • An Introduction to Non-Destructive Testing (NDT) Services
  • NDT Services: Current Market Scenario and Outlook
  • Exhibit 2: Global Non-Destructive Testing (NDT) Services Market by Service (2021 & 2027): Percentage Breakdown of Revenues for Inspection Services, Equipment Rental Services, Training Services, and Calibration Services
  • Exhibit 3: Global Non-Destructive Testing (NDT) Services Market by End-Use (2021 & 2027): Percentage Breakdown of Revenues for Manufacturing, Oil & Gas, Aerospace & Defense, Construction, Automotive & Transportation, Power Generation, and Other End-Uses
  • Recent Market Activity
  • Ultrasonic Technique (UT): Largest Category by Technique
  • Exhibit 4: Global Non-Destructive Testing (NDT) Services Market by Technique (2021 & 2027): Percentage Breakdown of Revenues for Visual Inspection Testing (VT), Magnetic Particle Testing (MPT) & Electromagnetic Testing, Liquid Penetrant Testing (LPT), Eddy-Current Testing (ECT), Ultrasonic Testing (UT), Radiography Testing (RT), Acoustic Emission Testing (AET), and Terahertz Imaging (THZ Imaging)
  • Magnetic Particle Inspection (MPI) Widens Business Prospects
  • Radiographic Testing (RT) Accelerates Market Expansion
  • Visual Inspection Testing (VT) Exhibits Faster Growth
  • Eddy Current Testing Holds Immense Potential
  • While Developed Regions Remain Primary Revenue Contributors, Developing Regions Exhibit Faster Growth
  • Exhibit 5: World NDT Services Market by Region (2021 & 2027): Percentage Breakdown of Revenues for Developed and Developing Regions
  • Exhibit 6: World NDT Services Market - Geographic Regions Ranked by CAGR (Value) for 2020-2027: China, Asia-Pacific, Latin America, Middle East, Africa, USA, Canada, Europe, and Japan

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
  • Manufacturing Sector: Dominant Consumer of NDT Services
  • Exhibit 7: Top 10 Countries in Terms of Manufacturing Output: 2018
  • Oil & Gas Enterprises Leverage NDT to Deal with Challenging Environment and Stringent Standards
  • A Snapshot of Select NDT Applications in Oil & Gas Upstream, Midstream & Downstream Facilities
  • Exhibit 8: Global Oil & Gas E&P Industry Spending (in US$ Billion) for 2015-2021
  • Exhibit 9: North American E&P Capital Spending in $ Billion by Type of Company (2017-2019)
  • NDT Gains Traction in Detecting Imperfections in Aerospace Materials
  • Select Applications of NDT in Aerospace Sector: A Snapshot
  • Aging Aircraft Widen Addressable Market for Aerospace NDT Services
  • Exhibit 10: Global Average Aircraft Fleet Age (In Years) by Geographic Region/Country for Cumulative Period 2018-2023 and 2023-2028
  • Exhibit 11: Global Commercial Aircraft Fleet Size (in Units) by Aircraft Type for the Years 2018 and 2038
  • Exhibit 12: Global Commercial Aircraft Fleet Size (in Units) by Geographic Region for the Years 2018 & 2038
  • COVID-19 Negatively Impacts NDT Demand in Aerospace Sector
  • Exhibit 13: Commercial Airline Revenue Growth (in %) for 2010-2020
  • Exhibit 14: Global Airlines Performance by Region: 2020 Vs 2019
  • Defense Aerospace Presents Steady Growth Prospects
  • NDT Comes to the Fore to Ensure Safety of Power Generation Facilities
  • Exhibit 15: Global Electricity Generation in Billion kWh for the Years 2010, 2020, 2030, 2040 and 2050
  • Exhibit 16: Electricity Consumption in Trillion kWh for the Years 2010, 2012, 2014, 2016 and 2018
  • Exhibit 17: China and India Lead the Global Rise in Demand for Electricity: Change in Gross Electricity Demand in TWh for 2017-50
  • Non-Destructive Testing for Safety of Critical Nuclear Installations
  • Inspection in Fossil Fuel Power Infrastructures
  • Growing Focus on Renewable Energy Augurs Well
  • Exhibit 18: Global Wind and Solar Installed Capacity (GW) for the Years 2011, 2017, 2020 and 2022
  • Established Use Case in Automotive Sector to Augment Future Prospects
  • Automotive OEMs Rely on NDT to Drive Manufacturing Quality & Uptime
  • Exhibit 19: Global Automotive Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
  • Exhibit 20: Automobile Production % YoY Change Across Select Countries: 2020 Vs 2019
  • Railway Industry Remains a Niche Market
  • NDT in the Era of Industry 4.0
  • Exhibit 21: Major Industry 4.0 Technologies: Global Market Size (US$ Billion) for Internet of Things (IoT), Big Data, Smart Factory, Advanced Analytics, Service Robotics, and Smart Machines for 2020
  • Machine Learning & AI Step In to Bring Broad-based Modifications to NDT
  • Technological Advances and Automated NDT Tools Widen Scope & Span of NDT Services Market
  • Issues & Challenges
  • Need to Comply with Regulations & Standards Steers Adoption of NDT Services

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

UNITED STATES
  • An Overview
  • Anticipated Improvement in Commercial Aviation Sector to Boost Demand Prospects
  • Market Analytics

CANADA

JAPAN

CHINA
  • Insight into the Chinese NDT Market
  • NDT Developments, Capabilities and Research: A Brief
  • Market Analytics

EUROPE
  • Aerospace Industry: Key Market for NDT Products and Services
  • Non Technical Factors to Influence Growth in the European NDT Market
  • Market Analytics

FRANCE

GERMANY

ITALY

UNITED KINGDOM

SPAIN

RUSSIA
  • Aerospace and Defense Industry to Offer Lucrative Opportunities
  • Market Analytics

REST OF EUROPE

ASIA-PACIFIC
  • Commercial Aviation Sector to Offer Plenty of Opportunities for NDT Industry
  • Market Analytics

AUSTRALIA

INDIA

SOUTH KOREA

REST OF ASIA-PACIFIC

LATIN AMERICA

ARGENTINA

BRAZIL

MEXICO

REST OF LATIN AMERICA

MIDDLE EAST
  • An Overview
  • Market Analytics

AFRICA
  • South Africa: Shortage of NDT Personnel Drives Momentum in Favor of Services
  • Market Analytics

IV. COMPETITION
  • Total Companies Profiled: 141
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • ALS Limited
  • Applus+
  • Bureau Veritas SA
  • Dekra SE
  • Intertek Group Plc
  • MISTRAS Group, Inc.
  • NDT Global
  • Nikon Metrology NV
  • NVI, LLC
  • SGS SA
  • TEAM, Inc.
  • TUV Rheinland AG
  • YXLON International GmbH
  • Zetec, Inc.
Note: Product cover images may vary from those shown