The Non-Destructive Inspection Equipment Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Non-Destructive Inspection Equipment Market?
The market size for non-destructive inspection equipment has experienced significant growth recently. The market forecast predicts an increase from $2.91 billion in 2024 to $3.14 billion in 2025, indicating a compound annual growth rate (CAGR) of 7.9%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Non-Destructive Inspection Equipment Industry?
By 2029, the global market for non-destructive inspection equipment is projected to reach a size of $4.02 billion, with a compound annual growth rate (CAGR) of 6.4%.
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What are the Key Growth Drivers Fueling the Non-Destructive Inspection Equipment Market?
The key drivers in the non-destructive inspection equipment market are:
• Growing emphasis on safety and reliability
• Rising utilization of classic non-destructive testing methods
• Enhanced awareness about operational efficiency
• Expansion of the renewable energy sector
Global Market Segmentation: Identifying Major Non-Destructive Inspection Equipment Industry Segments
The non-destructive inspection equipment market covered in this report is segmented –
1) By Technology: Radiography Testing Equipment, Ultrasonic Testing Equipment, Magnetic Particle Testing Equipment, Liquid Penetrant Testing Equipment, Visual Inspection Equipment, Eddy Current Equipment
2) By Method: Visual Inspection, Surface Inspection, Volumetric Inspection
3) By Application: Flaw Detection, Dimensional Measurement, Chemical Composition Determination, Stress And Structure Analysis, Physical Properties Estimation, Leak Detection, Weld Verification, Other Applications
4) By Vertical: Manufacturing, Oil And Gas, Power Generation, Aerospace, Automotive, Public Infrastructure, Other Verticals
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What are the Emerging Trends Shaping the Future of the Non-Destructive Inspection Equipment Market?
The key trends in the non-destructive inspection equipment market are:
• The market is experiencing a significant trend towards the integration of advanced imaging technologies.
• The ongoing growth of robotics and automation is shaping the future of this market.
• An emerging trend is the increasing use of artificial intelligence and machine learning within this field.
• The development and adoption of portable and handheld non-destructive inspection devices is another major trend.
Who Are the Top Competitors & Leading Players in the Non-Destructive Inspection Equipment Market?
Major companies in the non-destructive inspection equipment market are:
• Hitachi Ltd.
• TESCO Corporation
• Siemens AG
• Mitsubishi Heavy Industries Ltd.
• Baker Hughes Company
• Illinois Tool Works Inc.
• Carl Zeiss AG
• Olympus Corporation
• Ametek Inc.
• Hexagon AB
• Nikon Corporation
• Mettler-Toledo International Inc.
• Mistras Group Inc.
• Comet Holding AG
• FARO Technologies
• Eddyfi Technologies
• Zetec Inc.
• Sonatest Ltd.
• Ritec Inc.
• Echo Ultrasonics LLC
• Dolphitech AS
• OKOndt Group
• Fischer Technologies Inc.
• Danatronics Corporation
• Promag Technologies Development Limited
Regional Dominance: Which Area Leads the Global Non-Destructive Inspection Equipment Market?
North America was the largest region in the non-destructive inspection equipment market in 2024
