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Ultrasonic NDT Equipment - Global Market Trajectory & Analytics

  • ID: 5030484
  • Report
  • April 2021
  • Region: Global
  • 142 Pages
  • Global Industry Analysts, Inc
Global Ultrasonic NDT Equipment Market to Reach $3.2 Billion by 2027

Amid the COVID-19 crisis, the global market for Ultrasonic NDT Equipment estimated at US$1.8 Billion in the year 2020, is projected to reach a revised size of US$3.2 Billion by 2027, growing at a CAGR of 8.5% over the analysis period 2020-2027. Oil & Gas, one of the segments analyzed in the report, is projected to record a 8.5% CAGR and reach US$1.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Power Generation segment is readjusted to a revised 8% CAGR for the next 7-year period.





The U.S. Market is Estimated at $541.4 Million, While China is Forecast to Grow at 8% CAGR

The Ultrasonic NDT Equipment market in the U.S. is estimated at US$541.4 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$563 Million by the year 2027 trailing a CAGR of 8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.9% and 6.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 6.9% CAGR.

Aerospace & Defense Segment to Record 9.3% CAGR

In the global Aerospace & Defense segment, USA, Canada, Japan, China and Europe will drive the 9.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$225.8 Million in the year 2020 will reach a projected size of US$422.6 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$374.4 Million by the year 2027.

Select Competitors (Total 46 Featured):
  • Danatronics Corporation
  • Eddyfi NDT Inc.
  • GE Inspection Technologies GmbH
  • James Instruments Inc.
  • Ndt Systems Inc.
  • Olympus America, Inc.
  • PaR Systems LLC
  • Qualitest International Inc.
  • Sonatest Ltd
  • Trinity NDT
Frequently Asked Questions about the Global Market for Ultrasonic NDT Equipment

What is the estimated value of the Global Market for Ultrasonic NDT Equipment?

The Global Market for Ultrasonic NDT Equipment was estimated to be valued at $1.8 Billion in 2020.

What is the growth rate of the Global Market for Ultrasonic NDT Equipment?

The growth rate of the Global Market for Ultrasonic NDT Equipment is 8.6%, with an estimated value of $3.2 Billion by 2027.

What is the forecasted size of the Global Market for Ultrasonic NDT Equipment?

The Global Market for Ultrasonic NDT Equipment is estimated to be worth $3.2 Billion by 2027.
Note: Product cover images may vary from those shown

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Current & Future Analysis for Ultrasonic NDT Equipment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 2: World Historic Review for Ultrasonic NDT Equipment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 3: World 15-Year Perspective for Ultrasonic NDT Equipment by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2012, 2020 & 2027
  • Table 4: World Current & Future Analysis for Oil & Gas by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 5: World Historic Review for Oil & Gas by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 6: World 15-Year Perspective for Oil & Gas by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2020 & 2027
  • Table 7: World Current & Future Analysis for Power Generation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 8: World Historic Review for Power Generation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 9: World 15-Year Perspective for Power Generation by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2020 & 2027
  • Table 10: World Current & Future Analysis for Aerospace & Defense by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 11: World Historic Review for Aerospace & Defense by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 12: World 15-Year Perspective for Aerospace & Defense by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2020 & 2027
  • Table 13: World Current & Future Analysis for Automotive & Transportation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 14: World Historic Review for Automotive & Transportation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 15: World 15-Year Perspective for Automotive & Transportation by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2020 & 2027
  • Table 16: World Current & Future Analysis for Foundry by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 17: World Historic Review for Foundry by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 18: World 15-Year Perspective for Foundry by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2020 & 2027
  • Table 19: World Current & Future Analysis for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 20: World Historic Review for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 21: World 15-Year Perspective for Other End-Uses by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2020 & 2027

III. MARKET ANALYSIS
  • UNITED STATES
  • Table 22: USA Current & Future Analysis for Ultrasonic NDT Equipment by End-Use - Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 23: USA Historic Review for Ultrasonic NDT Equipment by End-Use - Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 24: USA 15-Year Perspective for Ultrasonic NDT Equipment by End-Use - Percentage Breakdown of Value Sales for Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses for the Years 2012, 2020 & 2027
  • CANADA
  • Table 25: Canada Current & Future Analysis for Ultrasonic NDT Equipment by End-Use - Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 26: Canada Historic Review for Ultrasonic NDT Equipment by End-Use - Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 27: Canada 15-Year Perspective for Ultrasonic NDT Equipment by End-Use - Percentage Breakdown of Value Sales for Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses for the Years 2012, 2020 & 2027
  • JAPAN
  • Table 28: Japan Current & Future Analysis for Ultrasonic NDT Equipment by End-Use - Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 29: Japan Historic Review for Ultrasonic NDT Equipment by End-Use - Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 30: Japan 15-Year Perspective for Ultrasonic NDT Equipment by End-Use - Percentage Breakdown of Value Sales for Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses for the Years 2012, 2020 & 2027
  • CHINA
  • Table 31: China Current & Future Analysis for Ultrasonic NDT Equipment by End-Use - Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 32: China Historic Review for Ultrasonic NDT Equipment by End-Use - Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 33: China 15-Year Perspective for Ultrasonic NDT Equipment by End-Use - Percentage Breakdown of Value Sales for Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses for the Years 2012, 2020 & 2027
  • EUROPE
  • Table 34: Europe Current & Future Analysis for Ultrasonic NDT Equipment by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 35: Europe Historic Review for Ultrasonic NDT Equipment by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 36: Europe 15-Year Perspective for Ultrasonic NDT Equipment by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2012, 2020 & 2027
  • Table 37: Europe Current & Future Analysis for Ultrasonic NDT Equipment by End-Use - Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 38: Europe Historic Review for Ultrasonic NDT Equipment by End-Use - Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 39: Europe 15-Year Perspective for Ultrasonic NDT Equipment by End-Use - Percentage Breakdown of Value Sales for Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses for the Years 2012, 2020 & 2027
  • FRANCE
  • Table 40: France Current & Future Analysis for Ultrasonic NDT Equipment by End-Use - Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 41: France Historic Review for Ultrasonic NDT Equipment by End-Use - Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 42: France 15-Year Perspective for Ultrasonic NDT Equipment by End-Use - Percentage Breakdown of Value Sales for Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses for the Years 2012, 2020 & 2027
  • GERMANY
  • Table 43: Germany Current & Future Analysis for Ultrasonic NDT Equipment by End-Use - Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 44: Germany Historic Review for Ultrasonic NDT Equipment by End-Use - Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 45: Germany 15-Year Perspective for Ultrasonic NDT Equipment by End-Use - Percentage Breakdown of Value Sales for Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses for the Years 2012, 2020 & 2027
  • ITALY
  • Table 46: Italy Current & Future Analysis for Ultrasonic NDT Equipment by End-Use - Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 47: Italy Historic Review for Ultrasonic NDT Equipment by End-Use - Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 48: Italy 15-Year Perspective for Ultrasonic NDT Equipment by End-Use - Percentage Breakdown of Value Sales for Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses for the Years 2012, 2020 & 2027
  • UNITED KINGDOM
  • Table 49: UK Current & Future Analysis for Ultrasonic NDT Equipment by End-Use - Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 50: UK Historic Review for Ultrasonic NDT Equipment by End-Use - Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 51: UK 15-Year Perspective for Ultrasonic NDT Equipment by End-Use - Percentage Breakdown of Value Sales for Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses for the Years 2012, 2020 & 2027
  • REST OF EUROPE
  • Table 52: Rest of Europe Current & Future Analysis for Ultrasonic NDT Equipment by End-Use - Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 53: Rest of Europe Historic Review for Ultrasonic NDT Equipment by End-Use - Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 54: Rest of Europe 15-Year Perspective for Ultrasonic NDT Equipment by End-Use - Percentage Breakdown of Value Sales for Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses for the Years 2012, 2020 & 2027
  • ASIA-PACIFIC
  • Table 55: Asia-Pacific Current & Future Analysis for Ultrasonic NDT Equipment by End-Use - Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 56: Asia-Pacific Historic Review for Ultrasonic NDT Equipment by End-Use - Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 57: Asia-Pacific 15-Year Perspective for Ultrasonic NDT Equipment by End-Use - Percentage Breakdown of Value Sales for Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses for the Years 2012, 2020 & 2027
  • REST OF WORLD
  • Table 58: Rest of World Current & Future Analysis for Ultrasonic NDT Equipment by End-Use - Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 59: Rest of World Historic Review for Ultrasonic NDT Equipment by End-Use - Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 60: Rest of World 15-Year Perspective for Ultrasonic NDT Equipment by End-Use - Percentage Breakdown of Value Sales for Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses for the Years 2012, 2020 & 2027

IV. COMPETITION
  • Total Companies Profiled: 46
Note: Product cover images may vary from those shown