What Has Been Non-Destructive Testing (NDT) And Inspection Market in Recent Years?
The non-destructive testing (ndt) and inspection market has seen considerable growth due to a variety of factors.
• In the past few years, the market size for non-destructive testing (NDT) and inspection has seen substantial growth. Projected to elevate from $9.61 billion in 2024 to $10.35 billion in 2025, it's expected to experience a compound annual growth rate (CAGR) of 7.7%.
The prior growth can be traced back to the growing usage of NDT in the aerospace sector, as well as the high demand for NDT methods in the oil and gas industry.
What Are the Future Growth Projections for the Non-Destructive Testing (NDT) And Inspection Market?
The non-destructive testing (ndt) and inspection market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for non-destructive testing (NDT) and inspection is anticipated to experience robust growth over the next few years, expanding to a value of $14.12 billion in 2029 with an 8.1% compound annual growth rate (CAGR).
The projected growth during this forecast period is associated with multiple factors such as escalating urbanization, a surge in research and development efforts, and an increasing need for NDT inspection services, particularly in power generation. Significant trends predicted during this forecast period encompass the progression of digital radiography, the rise in ultrasonic testing (UT) innovations, the growing adoption of robotics and automation, the application of infrared thermography, the emphasis on digital NDT and data analytics, and innovative product developments.
What Are The Essential Drivers Behind The Growth Of The Non-Destructive Testing (NDT) And Inspection Market?
The worldwide increase in industrialization and urbanization is projected to fuel the growth of the NDT and inspection market over the next few years. The UN Trade and Development, for instance, reported that the globe's urban populace climbed by 56.9 billion in 2022. Due to their high-speed operations, manufacturing sectors such as aerospace are heavily investing in NDT and inspection services for frequent quality checks and discovery of infrastructure failures. These firms are partnering with NDT service vendors to offer training to keep up production efficiency via high-quality education. As per Eurostat, a government agency based in Luxembourg, in July 2023, industrial production in the EU saw a rise of 5% in 2022 compared to 2021. It's also predicted that the steel demand, which will reach 1,840.2 Mt in 2022, will see an increase of 0.4% in 2022 and another 2.2% in 2023, reaching 1,881.4 Mt. As such, the swift increase in global urbanization and industrialization boosts the growth of the NDT and inspection market.
What Are The Major Segments Within The Non-Destructive Testing (NDT) And Inspection Market?
The non-destructive testing (NDT) and inspection market covered in this report is segmented –
1) By Technique: Magnetic Particle Testing, Ultrasonic Testing, Visual Testing, Liquid Penetrant Testing, Eddy-Current Testing, Radiographic Testing, Acoustic Emission Testing, Other Techniques
2) By Method: Visual Inspection, Surface Inspection, Volumetric Inspection, Other Methods
3) By Vertical: Manufacturing, Oil and Gas, Aerospace, Public Infrastructure, Automotive, Power Generation, Other Verticals
Subsegments:
1) By Magnetic Particle Testing (MPT): Surface And Subsurface Defects Detection, Magnetic Field Generation Methods (Permanent, Electromagnetic), Application Areas (Metal Components, Welds)
2) By Ultrasonic Testing (UT): Pulse-Echo Method, Through-Transmission Method, Thickness Gauging, Flaw Detection In Materials
3) By Visual Testing (VT): Direct Visual Inspection (DVI), Remote Visual Inspection (RVI), Use Of Optical Instruments (Borescopes, Endoscopes)
4) By Liquid Penetrant Testing (LPT): Fluorescent Vs. Visible Dye Penetrants, Surface Preparation Techniques, Post-Application Inspection Methods
5) By Eddy-Current Testing (ECT): Conductivity And Coating Thickness Measurement, Detection Of Surface And Near-Surface Defects, Applications In Aerospace And Manufacturing
6) By Radiographic Testing (RT): X-ray Vs. Gamma-ray Techniques, Film And Digital Radiography, Applications In Welding And Casting Inspection
7) By Acoustic Emission Testing (AET): Monitoring Of Active Defects In Structures, High-Frequency Signal Detection, Applications In Pressure Vessels And Tanks
8) By Other Techniques: Thermography (Infrared Testing), Laser Testing, Fiber Optic Testing, Microwave Testing
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Which Trends Are Expected To Transform The Non-Destructive Testing (NDT) And Inspection Market?
The proliferation of technology is a dominant trend influencing the NDT and inspection market. Most companies in this sector are concentrating on inventing technological solutions for NDT and inspection to consolidate their presence in the market. An example of this came in April 2022, when an NDT division of VisiConsult known as VCxray Inspection Service, which specializes in industrial X-ray technology, rolled out a new X-ray operating system called x.OS used for non-destructive testing (NDT). This cutting-edge software solution is specifically designed for industrial X-ray inspection.
Who Are the Key Players in the Non-Destructive Testing (NDT) And Inspection Market?
Major companies operating in the non-destructive testing (NDT) and inspection market include:
• SGS Group
• TEAM Inc.
• Applus Services
• Baker Hughes Company
• Mistras Group Inc.
• Acuren Inspection Inc.
• Intertek Group Plc.
• Bureau Veritas S.A.
• Yxlon International Gmbh
• MME Group
• Arora Technologies (P) Limited
• Fischer Measurement Technologies (India) Pvt. Ltd.
• General Electric Company
• Nikon Corporation
• Olympus Corporation
• Magnetec Inspections Inc.
• Hojin Industrial Co. Ltd.
• Dan Dong Hua Ri Science Electric Co Ltd.
• CGN Nuclear Technology Development Co. Ltd.
• TWI Ltd.
• Ashtead Technology
• Eddyfi UK Limited
• TSC Subsea Limited
• Sonatest Ltd.
• Energodiagnostika Co. Ltd
• Magnaflux Corp
• Scanna MSC
• Fprimec Solutions Inc .
• Applied Technical Services
• TCR Arabia Company
• NDT Corrosion Control Services Co.
• HQTS Group
• Sigma Specialized Inspection Co LLC
• Sonatest
• Ashtead Technology
• Zeiss
What Is The Most Dominant Region In The Non-Destructive Testing (NDT) And Inspection Market?
North America was the largest region in the NDT and inspection market in 2024. The regions covered in the non-destructive testing (NDT) and inspection market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
