Global Non-Destructive Testing (NDT) And Inspection Market Trends And Strategies Of Major Players In The Non-Destructive Testing And Inspection Market 2021-2030

12 Aug, 2021

The Non-destructive testing (NDT) and inspection market consist of sales of NDT and inspection services by entities (organizations, sole traders, and partnerships) that are engaged in testing and inspection services. NDT is the method of examining, testing, or assessing products, parts, or assemblies for discontinuities or discrepancies in functionality without sacrificing the part's or system's serviceability. NDT techniques are used in production lines, on-site inspections, and fabrication units to maintain product reliability, manufacturing process, uniform quality level, and attain lower product costs.

Global Non-Destructive Testing (NDT) And Inspection Market Size And Drivers:

The global NDT and inspection market is expected to grow from $7.03 billion in 2020 to $7.40 billion in 2021 at a compound annual growth rate (CAGR) of 5.2%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The NDT and inspection market is expected to reach $11.16 billion in 2025 at a CAGR of 10.8%.Rapid growth in industrialization and urbanization across the globe is expected to propel the growth of the NDT and inspection market in the coming years.

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Trends In The Global Non-Destructive Testing (NDT) And Inspection Market

Technological advancement is a key trend shaping the NDT and inspection market. Major companies operating in the NDT and inspection field are focused on developing technological solutions for NDT and inspection to strengthen their position.

Global Non-Destructive Testing (NDT) And Inspection Market Segments:
The global non-destructive testing and inspection market is further segmented based on technique, method, vertical and geography.
By Technique: Magnetic Particle Testing, Ultrasonic Testing, Visual Testing, Liquid Penetrant Testing, Eddy-Current Testing, Radiographic Testing, Acoustic Emission Testing, Others
By Method: Visual Inspection, Surface Inspection, Volumetric Inspection, Others
By Vertical: Manufacturing, Oil And Gas, Aerospace, Public Infrastructure, Automotive, Power Generation, Others
By Geography: The global non-destructive testing and inspection market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the NDT and inspection market in 2020.

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Non-Destructive Testing (NDT) And Inspection Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides non-destructive testing (NDT) and inspection market overviews, analyzes and forecasts market size and growth for the global non-destructive testing (NDT) and inspection market, non-destructive testing (NDT) and inspection market share, non-destructive testing (NDT) and inspection market players, non-destructive testing (NDT) and inspection market segments and geographies, non-destructive testing (NDT) and inspection market’s leading competitors’ revenues, profiles and market shares. The non-destructive testing (NDT) and inspection market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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