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The Asia-Pacific non-destructive testing services in aerospace and defense market is estimated to reach $363.4 million by 2033 from $256.4 million in 2022, at a CAGR of 3.44% during the forecast period 2023-2033. The providers of non-destructive testing services have observed an increase in demand from the military, space agencies, and the expanding commercial sector. This report comes with 10% free customization, enabling you to add data that meets your specific business needs.
Market Introduction
Driven by the aviation and defense industries, the Asia-Pacific (APAC) region is seeing a spike in demand for non-destructive testing services in the aerospace and defense industry. Significant expansion in the space industry is also contributing to the anticipated rise in demand between 2023 and 2033. The increasing size of components is a key challenge for the non-destructive testing sector and presents challenges for most of the NDT equipment on the market. In the future, the need for NDT services will increase even further due to the launch of satellite constellations and other rising space operations. APAC's aerospace sector is utilizing composites and other innovative materials, which calls for the use of sophisticated NDT techniques like computed tomography during inspections. Additionally, testing speed and quality are being improved by the combination of machine learning (ML) and artificial intelligence (AI).Market Segmentation:
Segmentation 1: by Type
- Ultrasonic Testing
- Radiographic Testing
- Eddy Current Testing
- Magnetic Particle Testing
- Penetrant Testing
- Visual Testing
- Leak Detection Testing
- Acoustic Emission Testing
- Shearography
- Thermography
Segmentation 2: by Country
- China
- India
- Japan
- Rest-of-Asia-Pacific
How can this report add value to an organization?
Product/Innovation Strategy: The service segment helps the reader understand the different NDT methods and end users that will generate the demand for non-destructive testing services in Asia-Pacific region.Growth/Marketing Strategy: The Asia-Pacific non-destructive testing services market has seen major development by key players operating in the market, such as business expansion activities, contracts, mergers, partnerships, collaborations, and joint ventures. The favored strategy for the companies has been acquisitions and contracts to strengthen their position in the Asia-Pacific non-destructive testing services in aerospace and defense market.
Competitive Strategy: Key players in the Asia-Pacific non-destructive testing (NDT) services in aerospace and defense market analyzed and profiled in the study involve non-destructive testing service providers. Moreover, a detailed competitive benchmarking of the players operating in the Asia-Pacific non-destructive testing (NDT) services in aerospace and defense market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as contracts, partnerships, agreements, acquisitions, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.
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Table of Contents
1 Markets
2 Region
3 Markets - Competitive Benchmarking & Company Profiles
4 Research Methodology
List of Figures
List of Tables
Executive Summary
The Asia-Pacific non-destructive testing services in aerospace and defense market is estimated to reach $363.4 million by 2033, reveals the premium market intelligence study. The study also highlights that the market is set to witness a CAGR of 3.44% during the forecast period 2023-2033.The Asia-Pacific Non-Destructive Testing (NDT) Services in Aerospace and Defense Market: Drivers and Challenges
The major driver for non-destructive testing services in the region is the growth of the aviation industry and the expansion of military capabilities. It requires inspection services to adhere to the stringent standards set by governments or other organizations.The absence of skilled labor depicts the challenge in the region to operate the advanced non-destructive testing equipment. The less experienced or unskilled labor makes an error while interpreting the results, which can lead to catastrophic events.
USPs of report
Market ranking analysis based on product portfolios and recent developments
- Analysis of business drivers and challenges of the Asia-Pacific Non-Destructive Testing (NDT) Services in Aerospace and Defense Market
- Detailed analysis of Non-Destructive Testing (NDT) Services in Aerospace and Defense Market for China, Japan, and India
Analyst’s Perspective on Asia-Pacific Non-Destructive Testing (NDT) Services in Aerospace and Defense Market
The Principal Analyst states, 'Ultrasonics, eddy current, and radiographic testing are the prominent testing methods within the A&D domain. While radiography continues to grow in utilization, magnetic particle and penetrant testing methods of non-destructive testing are also gaining traction. Increasing automation in manufacturing and deployment of technologies such as additive manufacturing will continue to drive the uptake of non-destructive testing solutions. Further efforts toward capacity planning across the value chain will also drive the investment in non-destructive testing. Digitalization and associated ICT capability-based enhancements will enhance the growth in this market.'Key Questions Answered in the Report
- What is non-destructive testing (NDT), and what types of methods are used for NDT services in the market?
- What new strategies are being adopted by the existing market players to strengthen their market position in the industry?
- For a new company looking to enter the non-destructive testing (NDT) services market in aerospace and defense, what areas could it focus on to stay ahead of the competition?
- How is the market expected to grow during the forecast period 2023-2033?
- What are the key developmental strategies implemented by the key players to sustain in this highly competitive market?
- What is the current and future revenue scenario of the Asia-Pacific non-destructive testing services market?
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 68 |
| Published | November 2023 |
| Forecast Period | 2023 - 2033 |
| Estimated Market Value ( USD | $ 259.2 Million |
| Forecasted Market Value ( USD | $ 363.4 Million |
| Compound Annual Growth Rate | 3.4% |
| Regions Covered | Asia Pacific |
