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Acoustic Emission Equipment Market by Product Type, Technique and End User: Global Opportunity Analysis and Industry Forecast, 2019-2027

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    Report

  • 245 Pages
  • July 2020
  • Region: Global
  • Allied Market Research
  • ID: 5141699
Description Jump to:
The global acoustic emission equipment market was valued at $108.0 million in 2019 and is projected to reach $130.8 million by 2027, registering a CAGR of 3.2% from 2020 to 2027. Acoustic emission monitors the transient stress waves within a material, caused by rapid release of localized stress energy. On subjecting to external stimulus, a structure triggers localized sources within the material to release energy in the form of stress waves that propagates to the surface and are recorded by the sensors. Acoustic emission testing is one of the prominent methods of non-destructive testing. Acoustic emission testing requires sensors, preamplifiers, data acquisitive devices, and connectors or cables.



Aging infrastructure majorly drives the growth of the acoustic emission equipment market, as acoustic emission testing can predict the approximate life of the infrastructure for operation use. Moreover, growing activities in the aerospace and defense sector, the need of increasing standards of quality of products manufactured in developing countries, and growing number of new infrastructural projects globally are expected to boost market growth. Furthermore, increase in investments in R&D to tackle technical challenges and integration of big data analytics with acoustic emission testing method are expected to provide lucrative growth opportunities for the market. However, the lack of quantitative analysis in commercial acoustic emission testing method and difficulty in detection of weak signals in noisy operating environments are expected to hinder the growth of the acoustic emission equipment market.

The acoustic emission equipment industry is segmented on the basis of product type, technique, end user, and region. Based on product type, the market is classified into AE systems, hand-held systems, and standalone sensors. Based on technique, the market is analyzed into multiple channel source location technique, linear location technique, zonal location technique, and point location technique. By end user, the market is analyzed across EPC, transportation, aerospace & defense, and others. The EPC segment is further sub-segmented into construction, oil & gas, and power plants. Based on the region, the global acoustic emission equipment market is analyzed across North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, and rest of Europe), Asia-Pacific (China, India, Japan, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).

The key players operating in the market include Acoustic Monitoring International, Inc., Campbell Scientific, Inc., Dodson Technical Services, Inc., Mistras Group, Inc., Parker-Hannifin Corporation, Schmitt Europe Ltd., Score Atlanta Inc., Siemens AG, Vallen Systeme GmbH, and Wabtec Corporation.

KEY MARKET SEGMENTS

By PRODUCT TYPE
  • AE Systems
  • Hand-held Systems
  • Standalone Sensors

By TECHNIQUE
  • Multiple Channel Location Source Technique
  • Linear Source Technique
  • Zonal Source Technique
  • Point Source Technique

By END-USER
  • EPC
  • Construction
  • Oil & Gas
  • Power Plants
  • Transportation
  • Aerospace & Defense
  • Others

By Region
  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • UK
  • Germany
  • France
  • Rest of Europe
  • Asia-Pacific
  • China
  • India
  • Japan
  • Rest of Asia-Pacific- LAMEA
  • Latin America
  • Middle East
  • Africa

KEY PLAYERS
  • Acoustic Monitoring International, Inc.
  • Campbell Scientific, Inc.
  • Dodson Technical Services, Inc.
  • Mistras Group, Inc.
  • Parker-Hannifin Corporation
  • Schmitt Europe Ltd.
  • Score Atlanta Inc.
  • Siemens AG
  • Vallen Systeme GmbH
  • Wabtec Corporation
Frequently Asked Questions about the Global Acoustic Emission Equipment Market

What is the estimated value of the Global Acoustic Emission Equipment Market?

The Global Acoustic Emission Equipment Market was estimated to be valued at $108 million in 2019.

What is the growth rate of the Global Acoustic Emission Equipment Market?

The growth rate of the Global Acoustic Emission Equipment Market is 2.4%, with an estimated value of $130.8 million by 2027.

What is the forecasted size of the Global Acoustic Emission Equipment Market?

The Global Acoustic Emission Equipment Market is estimated to be worth $130.8 million by 2027.
Report AttributeDetails
No. of Pages245
PublishedJuly 2020
Forecast Period2019 - 2027
Estimated Market Value ( USD ) in 2019 $ 108 million
Forecasted Market Value ( USD ) by 2027 $ 130.8 million
Compound Annual Growth Rate2.4%
Regions CoveredGlobal

Table of Contents

Chapter 1. Introduction
1.1. Report Description
1.2. Key Benefits for Stakeholders
1.3. Key Market Segments
1.4. Research Methodology
1.4.1. Primary Research
1.4.2. Secondary Research
1.4.3. Analyst Tools and Models
Chapter 2. Executive Summary
2.1. Key Findings
2.1.1. Top Impacting Factors
2.1.2. Top Investment Pockets
2.2. CXO Perspective
Chapter 3. Market Overview
3.1. Market Definition and Scope
3.2. Parent/Peer Market Overview
3.3. Porter’s Five Forces Analysis
3.4. Market Evolution/ Industry Roadmap
3.5. Value Chain Analysis
3.6. Patent Analysis
3.6.1. By Region (2017-2019)
3.6.2. By Applicant
3.7. Market Dynamics
3.7.1. Drivers
3.7.1.1. Aging Infrastructure is a Key Driver for Acoustic Emission Equipment Market
3.7.1.2. Increase in Network Densification
3.7.1.3. Increasing Standards of Quality in Developing Countries
3.7.1.4. Increasing Number of New Infrastructural Projects
3.7.2. Restraints
3.7.2.1. Commercial Acoustic Emission Testing Lacks Quantitative Analysis
3.7.2.2. Weak Signals in Noisy Operating Environments
3.7.3. Opportunity
3.7.3.1. Increase in Investments in Smart Cities
3.7.3.2. Big Data Analytics Offers Lucrative Opportunities
3.8. Covid Impact
3.8.1. Impact on Market Size
3.8.2. End-user Trends, Preferences, and Budget Impact
3.8.3. Key Player Strategies to Tackle Negative Impact
Chapter 4. Acoustic Emission Equipment Market, by Product Type
4.1. Overview
4.2. Ae Systems
4.2.1. Key Market Trends, Growth Factors, and Opportunities
4.2.2. Market Size and Forecast, by Region
4.2.3. Market Analysis, by Country
4.3. Hand-Held Systems
4.3.1. Key Market Trends, Growth Factors, and Opportunities
4.3.2. Market Size and Forecast, by Region
4.3.3. Market Analysis, by Country
4.4. Standalone Sensors
4.4.1. Key Market Trends, Growth Factors, and Opportunities
4.4.2. Market Size and Forecast, by Region
4.4.3. Market Analysis, by Country
Chapter 5. Acoustic Emission Equipment Market, by Technique
5.1. Overview
5.2. Multiple Channel Source Location Technique
5.2.1. Key Market Trends, Growth Factors, and Opportunities
5.2.2. Market Size and Forecast, by Region
5.2.3. Market Analysis, by Country
5.3. Linear Location Technique
5.3.1. Key Market Trends, Growth Factors, and Opportunities
5.3.2. Market Size and Forecast, by Region
5.3.3. Market Analysis, by Country
5.4. Zonal Location Technique
5.4.1. Key Market Trends, Growth Factors, and Opportunities
5.4.2. Market Size and Forecast, by Region
5.4.3. Market Analysis, by Country
5.5. Point Location Technique
5.5.1. Key Market Trends, Growth Factors, and Opportunities
5.5.2. Market Size and Forecast, by Region
5.5.3. Market Analysis, by Country
Chapter 6. Acoustic Emission Equipment Market, by End-user
6.1. Overview
6.2. Epc (Engineering Procurement Construction)
6.2.1. Key Market Trends, Growth Factors, and Opportunities
6.2.2. Market Size and Forecast, by Region
6.2.3. Market Analysis, by Country
6.2.4. Epc, by Construction
6.2.5. Epc, by Oil & Gas
6.2.6. Epc, by Power Plants
6.3. Transportation
6.3.1. Key Market Trends, Growth Factors, and Opportunities
6.3.2. Market Size and Forecast, by Region
6.3.3. Market Analysis, by Country
6.4. Aerospace & Defense
6.4.1. Key Market Trends, Growth Factors, and Opportunities
6.4.2. Market Size and Forecast, by Region
6.4.3. Market Analysis, by Country
6.5. Others
6.5.1. Key Market Trends, Growth Factors, and Opportunities
6.5.2. Market Size and Forecast, by Region
6.5.3. Market Analysis, by Country
Chapter 7. Acoustic Emission Equipment Market, by Region
7.1. Overview
7.2. North America
7.2.1. Key Market Trends, Growth Factors, and Opportunities
7.2.2. Market Size and Forecast, by Product Type
7.2.3. Market Size and Forecast, by Technique
7.2.4. Market Size and Forecast, by End-user
7.2.5. Market Analysis, by Country
7.2.5.1. U.S.
7.2.5.1.1. Market Size and Forecast, by Product Type
7.2.5.1.2. Market Size and Forecast, by Technique
7.2.5.1.3. Market Size and Forecast, by End-user
7.2.5.2. Canada
7.2.5.2.1. Market Size and Forecast, by Product Type
7.2.5.2.2. Market Size and Forecast, by Technique
7.2.5.2.3. Market Size and Forecast, by End-user
7.2.5.3. Mexico
7.2.5.3.1. Market Size and Forecast, by Product Type
7.2.5.3.2. Market Size and Forecast, by Technique
7.2.5.3.3. Market Size and Forecast, by End-user
7.3. Europe
7.3.1. Key Market Trends, Growth Factors, and Opportunities
7.3.2. Market Size and Forecast, by Product Type
7.3.3. Market Size and Forecast, by Technique
7.3.4. Market Size and Forecast, by End-user
7.3.5. Market Analysis, by Country
7.3.5.1. UK
7.3.5.1.1. Market Size and Forecast, by Product Type
7.3.5.1.2. Market Size and Forecast, by Technique
7.3.5.1.3. Market Size and Forecast, by End-user
7.3.5.2. Germany
7.3.5.2.1. Market Size and Forecast, by Product Type
7.3.5.2.2. Market Size and Forecast, by Technique
7.3.5.2.3. Market Size and Forecast, by End-user
7.3.5.3. France
7.3.5.3.1. Market Size and Forecast, by Product Type
7.3.5.3.2. Market Size and Forecast, by Technique
7.3.5.3.3. Market Size and Forecast, by End-user
7.3.5.4. Rest of Europe
7.3.5.4.1. Market Size and Forecast, by Product Type
7.3.5.4.2. Market Size and Forecast, by Technique
7.3.5.4.3. Market Size and Forecast, by End-user
7.4. Asia-Pacific
7.4.1. Key Market Trends, Growth Factors, and Opportunities
7.4.2. Market Size and Forecast, by Product Type
7.4.3. Market Size and Forecast, by Technique
7.4.4. Market Size and Forecast, by End-user
7.4.5. Market Analysis, by Country
7.4.5.1. China
7.4.5.1.1. Market Size and Forecast, by Product Type
7.4.5.1.2. Market Size and Forecast, by Technique
7.4.5.1.3. Market Size and Forecast, by End-user
7.4.5.2. Japan
7.4.5.2.1. Market Size and Forecast, by Product Type
7.4.5.2.2. Market Size and Forecast, by Technique
7.4.5.2.3. Market Size and Forecast, by End-user
7.4.5.3. India
7.4.5.3.1. Market Size and Forecast, by Product Type
7.4.5.3.2. Market Size and Forecast, by Technique
7.4.5.3.3. Market Size and Forecast, by End-user
7.4.5.4. Rest of Asia-Pacific
7.4.5.4.1. Market Size and Forecast, by Product Type
7.4.5.4.2. Market Size and Forecast, by Technique
7.4.5.4.3. Market Size and Forecast, by End-user
7.5. LAMEA
7.5.1. Key Market Trends, Growth Factors, and Opportunities
7.5.2. Market Size and Forecast, by Product Type
7.5.3. Market Size and Forecast, by Technique
7.5.4. Market Size and Forecast, by End-user
7.5.5. Market Analysis, by Country
7.5.5.1. Latin America
7.5.5.1.1. Market Size and Forecast, by Product Type
7.5.5.1.2. Market Size and Forecast, by Technique
7.5.5.1.3. Market Size and Forecast, by End-user
7.5.5.2. Middle East
7.5.5.2.1. Market Size and Forecast, by Product Type
7.5.5.2.2. Market Size and Forecast, by Technique
7.5.5.2.3. Market Size and Forecast, by End-user
7.5.5.3. Africa
7.5.5.3.1. Market Size and Forecast, by Product Type
7.5.5.3.2. Market Size and Forecast, by Technique
7.5.5.3.3. Market Size and Forecast, by End-user
Chapter 8. Competitive Landscape
8.1. Introduction
8.1.1. Market Player Positioning, 2019
8.2. Product Mapping of Top 10 Player
8.3. Competitive Dashboard
8.4. Competitive Heatmap
8.5. Key Developments
8.5.1. New Product Launches
8.5.2. Mergers and Acquisitions
8.5.3. Other Developments
Chapter 9. Company Profiles
9.1. Acoustic Monitoring International, Inc.
9.1.1. Company Overview
9.1.2. Key Executives
9.1.3. Company Snapshot
9.1.4. Operating Business Segments
9.1.5. Product Portfolio
9.2. Campbell Scientific, Inc.
9.2.1. Company Overview
9.2.2. Key Executives
9.2.3. Company Snapshot
9.2.4. Operating Business Segments
9.2.5. Product Portfolio
9.3. Dodson Technical Services, Inc.
9.3.1. Company Overview
9.3.2. Key Executives
9.3.3. Company Snapshot
9.3.4. Operating Business Segments
9.3.5. Product Portfolio
9.4. Mistras Group, Inc.
9.4.1. Company Overview
9.4.2. Key Executives
9.4.3. Company Snapshot
9.4.4. Operating Business Segments
9.4.5. Product Portfolio
9.4.6. R&D Expenditure
9.4.7. Business Performance
9.4.8. Key Strategic Moves and Developments
9.5. Parker-Hannifin Corporation
9.5.1. Company Overview
9.5.2. Key Executives
9.5.3. Company Snapshot
9.5.4. Operating Business Segments
9.5.5. Product Portfolio
9.5.6. R&D Expenditure
9.5.7. Business Performance
9.5.8. Key Strategic Moves and Developments
9.6. Schmitt Europe, Ltd.
9.6.1. Company Overview
9.6.2. Key Executives
9.6.3. Company Snapshot
9.6.4. Operating Business Segments
9.6.5. Product Portfolio
9.7. Score Atlanta Inc.
9.7.1. Company Overview
9.7.2. Key Executives
9.7.3. Company Snapshot
9.7.4. Product Portfolio
9.8. Siemens AG
9.8.1. Company Overview
9.8.2. Key Executives
9.8.3. Company Snapshot
9.8.4. Operating Business Segments
9.8.5. Product Portfolio
9.8.6. R&D Expenditure
9.8.7. Business Performance
9.8.8. Key Strategic Moves and Developments
9.9. Vallen Systeme GmbH
9.9.1. Company Overview
9.9.2. Key Executives
9.9.3. Company Snapshot
9.9.4. Operating Business Segments
9.9.5. Product Portfolio
9.10. Wabtec Corporation
9.10.1. Company Overview
9.10.2. Key Executives
9.10.3. Company Snapshot
9.10.4. Operating Business Segments
9.10.5. Product Portfolio
9.10.6. Business Performance

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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