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Latin America Non-Destructive Testing Equipment Market by Testing Method, Technique, and Industry Vertical: Opportunity Analysis and Industry Forecast, 2020-2027

  • ID: 5237519
  • Report
  • November 2020
  • Region: Latin America
  • 211 pages
  • Allied Analytics LLP
The Latin America non-destructive testing equipment market was valued at $144.3 million in 2019, and is projected to reach $268.8 million by 2027, growing at a CAGR of 8.4% from 2020 to 2027. NDT refers to the method of examining materials/components to detect the defects/discontinuity in component or material to avoid equipment failure.



The report covers the analysis of the Latin America NDT equipment market. NDT acts as a preventive measure in industries where volatile or high-pressure equipment and machinery are manufactured or used. The main aim of NDT is to identify and resolve issues that otherwise would prove harmful. In addition, NDT equipment is reliable as it eliminates the risk of oversight or inaccuracy.

The scope of the report discusses the potential opportunities for the key players to enter the Latin America non-destructive testing equipment market. Furthermore, it provides an in-depth analysis of the market, outlining current trends, key driving factors, and key area of investment. The report includes Porter’s five forces analysis to understand the competitive scenario of the industry and role of each stakeholder in the value chain. Moreover, it features the strategies adopted by key market players to maintain their foothold in the market.

The Latin America NDT equipment market is segmented on the basis of testing method, technique, industry vertical, and country. Based on testing method, it is divided into ultrasonic testing, radiography testing, visual inspection testing, magnetic particle testing & electromagnetic testing, eddy-current testing, liquid penetrant testing, and others. Based on non-destructive examination (NDE) techniques, it is categorized into volumetric examination, surface examination, and others. It is classified on the basis of industry vertical into oil & gas, energy & power, aerospace & defense, automotive & transportation, infrastructure, and others. By country, the market is analyzed across Argentina, Brazil, Colombia, Mexico, Peru, Chile, and Trinidad & Tobago.

The key players profiled in this report include Olympus Corporation, Bosello High Technology, Mistras Group Inc., Baker Hughes Company, Fujifilm Corporation, FLIR System, A-Star Testing & Inspection, Ashtead Technology Inc., General Electric, Sonatest Ltd., (S) Pte Ltd., Tech-End Industrial Services, Compoende Aeronautica, and SGS SA. These key players have adopted strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations to enhance their market penetration.

KEY BENEFITS FOR STAKEHOLDERS
  • This study includes the analytical depiction of the Latin America non-destructive testing equipment market forecast along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information regarding the key drivers, restraints, and opportunities in the Latin America non-destructive testing equipment market.
  • The Latin America non-destructive testing equipment market trends are quantitatively analyzed from 2019 to 2027 to highlight the financial competency of the industry.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.
Latin America Non-Destructive Testing Equipment Market Segments

By Testing Method
  • Ultrasonic Testing
  • Radiography Testing
  • Visual Inspection Testing
  • Magnetic Particle Testing and Electromagnetic Testing
  • Eddy-Current Testing
  • Liquid Penetrant Testing
  • Others
By Technique
  • Volumetric Examination
  • Surface Examination
  • Others
By Industry Vertical
  • Oil and Gas
  • Energy and power
  • Aerospace and Defense
  • Automotive and transportation
  • Infrastructure
  • Others
By Country
  • Argentina
  • Brazil
  • Colombia
  • Mexico
  • Peru
  • Chile
  • Trinidad and Tobago
Note: Product cover images may vary from those shown
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. CXO Perspective

Chapter 3: Market Overview
3.1. Market Definition and Scope
3.2. Key Findings
3.2.1. Top Impacting Factors
3.2.2. Top Investment Pockets
3.2.3. Top Winning Strategies
3.3. Porter’s Five Forces Analysis
3.4. Market Share Analysis (2019)
3.5. Market Dynamics
3.5.1. Drivers
3.5.1.1. Increase in Oil & Gas and Power Generation Projects
3.5.1.2. Stringent Safety Government Regulations
3.5.1.3. Maintenance Optimization by Various Industries to Ensure Safety and Efficient Performance of the Machines
3.5.1.4. Increase in Need for Extending the Life of Obsolete Infrastructure
3.5.2. Restraint
3.5.2.1. Lack of Skilled and Qualified Professionals
3.5.3. Opportunity
3.5.3.1. Increase in Use of Advanced Ndt Equipment
3.6. Covid-19 Impact on Latin America Non-Destructive Testing Equipment Market
3.6.1. Covid-19 Outbreak
3.6.1. Impact on Market Size
3.6.2. Parent Industry Impact
3.6.3. End-user Trends, Preferences, and Budget Impact
3.6.4. Key Player Strategies to Tackle Negative Impact
3.6.4.1. Limiting Cuts to R&D Expense
3.6.4.2. Focusing on Next-Generation Products
3.6.4.3. Shifting Toward Agile Supply Chain Model
3.6.5. Opportunity Window
3.7. Presence of Chinese Brands in the Market

Chapter 4: Non-Destructive Testing Equipment Market, by Testing Method
4.1. Overview
4.2. Ultrasonic Testing
4.2.1. Key Market Trends, Growth Factors, and Opportunities
4.2.2. Market Size and Forecast, by Country
4.2.3. Market Analysis by Country
4.3. Radiography Testing
4.3.1. Key Market Trends, Growth Factors, and Opportunities
4.3.2. Market Size and Forecast, by Country
4.3.3. Market Analysis by Country
4.4. Visual Inspection Testing
4.4.1. Key Market Trends, Growth Factors, and Opportunities
4.4.2. Market Size and Forecast, by Country
4.4.3. Market Analysis by Country
4.5. Magnetic Particle Testing & Electromagnetic Testing
4.5.1. Key Market Trends, Growth Factors, and Opportunities
4.5.2. Market Size and Forecast, by Country
4.5.3. Market Analysis by Country
4.6. Eddy-Current Testing
4.6.1. Key Market Trends, Growth Factors, and Opportunities
4.6.2. Market Size and Forecast, by Country
4.6.3. Market Analysis by Country
4.7. Liquid Penetrant Testing
4.7.1. Key Market Trends, Growth Factors, and Opportunities
4.7.2. Market Size and Forecast, by Country
4.7.3. Market Analysis by Country
4.8. Others
4.8.1. Key Market Trends, Growth Factors, and Opportunities
4.8.2. Market Size and Forecast, by Country
4.8.3. Market Analysis by Country

Chapter 5: Non-Destructive Testing Equipment Market, by Technique
5.1. Overview
5.2. Volumetric Examination
5.2.1. Key Market Trends, Growth Factors, and Opportunities
5.2.2. Market Size and Forecast, by Country
5.2.3. Market Analysis by Country
5.3. Surface Examination
5.3.1. Key Market Trends, Growth Factors, and Opportunities
5.3.2. Market Size and Forecast, by Country
5.3.3. Market Analysis by Country
5.4. Others
5.4.1. Key Market Trends, Growth Factors, and Opportunities
5.4.2. Market Size and Forecast, by Country
5.4.3. Market Analysis by Country

Chapter 6: Latin America Non-Destructive Testing Equipment Market, by Industry Vertical
6.1. Overview
6.2. Oil & Gas
6.2.1. Key Market Trends, Growth Factors, and Opportunities
6.2.2. Market Size and Forecast, by Country
6.2.3. Market Analysis by Country
6.3. Energy & Power
6.3.1. Key Market Trends, Growth Factors, and Opportunities
6.3.2. Market Size and Forecast, by Country
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 Country
6.4.3. Market Analysis by Country
6.5. Automotive & Transportation
6.5.1. Key Market Trends, Growth Factors, and Opportunities
6.5.2. Market Size and Forecast, by Country
6.5.3. Market Analysis by Country
6.6. Infrastructure
6.6.1. Key Market Trends, Growth Factors, and Opportunities
6.6.2. Market Size and Forecast, by Region
6.6.3. Market Analysis by Country
6.7. Others
6.7.1. Key Market Trends, Growth Factors, and Opportunities
6.7.2. Market Size and Forecast, by Country
6.7.3. Market Analysis by Country

Chapter 7: Latin America Non-Destructive Testing Equipment Market, by Country
7.1. Overview
7.1.1.1. Argentina
7.1.1.1.1. Market Size and Forecast, by Testing Method
7.1.1.1.2. Market Size and Forecast, by Technique
7.1.1.1.3. Market Size and Forecast, by Industry Vertical
7.1.1.2. Brazil
7.1.1.2.1. Market Size and Forecast, by Testing Method
7.1.1.2.2. Market Size and Forecast, by Technique
7.1.1.2.3. Market Size and Forecast, by Industry Vertical
7.1.1.3. Colombia
7.1.1.3.1. Market Size and Forecast, by Testing Method
7.1.1.3.2. Market Size and Forecast, by Technique
7.1.1.3.3. Market Size and Forecast, by Industry Vertical
7.1.1.4. Mexico
7.1.1.4.1. Market Size and Forecast, by Testing Method
7.1.1.4.2. Market Size and Forecast, by Technique
7.1.1.4.3. Market Size and Forecast, by Industry Vertical
7.1.1.5. Peru
7.1.1.5.1. Market Size and Forecast, by Testing Method
7.1.1.5.2. Market Size and Forecast, by Technique
7.1.1.5.3. Market Size and Forecast, by Industry Vertical
7.1.1.6. Chile
7.1.1.6.1. Market Size and Forecast, by Testing Method
7.1.1.6.2. Market Size and Forecast, by Technique
7.1.1.6.3. Market Size and Forecast, by Industry Vertical
7.1.1.7. Trinidad & Tobago
7.1.1.7.1. Market Size and Forecast, by Testing Method
7.1.1.7.2. Market Size and Forecast, by Technique
7.1.1.7.3. Market Size and Forecast, by Industry Vertical

Chapter 8: Company Profiles
8.1. Olympus Corporation
8.1.1. Company Overview
8.1.2. Key Executives
8.1.3. Company Snapshot
8.1.4. Operating Business Segments
8.1.5. Product Portfolio
8.1.6. R&D Expenditure
8.1.7. Business Performance
8.1.8. Key Strategic Moves and Developments
8.2. Bosello High Technology
8.2.1. Company Overview
8.2.2. Key Executives
8.2.3. Company Snapshot
8.2.4. Operating Business Segments
8.2.5. Product Portfolio
8.3. Mistras Group, Inc.
8.3.1. Company Overview
8.3.2. Key Executives
8.3.3. Company Snapshot
8.3.4. Operating Business Segments
8.3.5. Product Portfolio
8.3.6. R&D Expenditure
8.3.7. Business Performance
8.4. Baker Hughes Company
8.4.1. Company Overview
8.4.2. Key Executives
8.4.3. Company Snapshot
8.4.4. Operating Business Segments
8.4.5. Product Portfolio
8.4.6. R&D Expenditure
8.4.7. Business Performance
8.5. Fujifilm Corporation
8.5.1. Company Overview
8.5.2. Key Executives
8.5.3. Company Snapshot
8.5.4. Operating Business Segments
8.5.5. Product Portfolio
8.5.6. R&D Expenditure
8.5.7. Business Performance
8.6. Flir Systems, Inc.
8.6.1. Company Overview
8.6.2. Key Executives
8.6.3. Company Snapshot
8.6.4. Operating Business Segments
8.6.5. Product Portfolio
8.6.6. R&D Expenditure
8.6.7. Business Performance
8.6.8. Key Strategic Moves and Developments
8.7. A-Star Testing & Inspection (S) Pte Ltd.
8.7.1. Company Overview
8.7.2. Key Executives
8.7.3. Company Snapshot
8.7.4. Operating Business Segments
8.7.5. Product Portfolio
8.8. Tech-End Industrial Services
8.8.1. Company Overview
8.8.2. Company Snapshot
8.8.3. Operating Business Segments
8.8.4. Product Portfolio
8.9. Compoende Aeronáutica
8.9.1. Company Overview
8.9.2. Company Snapshot
8.9.3. Operating Business Segments
8.9.4. Product Portfolio
8.10. Sgs Sa.
8.10.1. Company Overview
8.10.2. Key Executives
8.10.3. Company Snapshot
8.10.4. Operating Business Segments
8.10.5. Product Portfolio
8.10.6. Business Performance
Note: Product cover images may vary from those shown

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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