Report Detail
Global Non-Destructive Testing and Inspection Market to reach USD 14.62 billion by 2026
- RnM3888061 |
- 17 February, 2020 |
- Global |
- 200 Pages |
- Bizwit Research & Consulting LLP |
- Other
Global Non-Destructive Testing and Inspection Market is valued approximately at USD 8.20 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 7.50% over the forecast period 2019-2026. Non-destructive testing (NDT) can be defined as a process of testing, inspecting or measuring components or materials for discontinuities, or modifications in features without extinguishing the serviceability of the part or system. It is a combination of various inspection techniques used individually or collectively to evaluate the integrity and properties of a material. Non-destructive testing and inspection sustains a consistent quality level and reduces the cost of production. It is an essential quality control tool in the production process since it permits for early detection of surface defects in work-in-progress (WIP) and finished goods. Stringent government regulations regarding public safety and product quality, high adoption of IoT Devices, rising need to assess health of aging assets and continuous advances in electronics, automation, and robotics are the few factors responsible for high CAGR of the market over the forecast period. For instance, globally, it is estimated that IoT device installation was around 23.14 billion in 2018, an increase from 17.68 billion in 2016, as per the Statista. Also, the market for IoT devices is estimated to generate over USD 1.7 trillion by 2019, according to the International Telecommunications Union (ITU). Moreover, technological advancements creating new application areas for NDT equipment along with surging importance of NDT in controlling corrosion in aging infrastructure is the major factor likely to create lucrative growth opportunities to the market growth in the forecasting years. However, high equipment cost, and dearth of skilled and qualified personnel for inspection services are the few factors responsible for the hampering the growth of global Non-Destructive Testing and Inspection market during the forecast period.
The regional analysis of global Non-Destructive Testing and Inspection Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the increasing implementation of NDT techniques across numerous end-use sectors along with high availability of skilled workforce in the region. However, Asia-Pacific is anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026. Factors such as the constant infrastructural development and surging adoption of automation in manufacturing industries in countries such as India and China.
Major market player included in this report are:
General Electric
Mistras Group
Olympus Corporation
Ashtead Technology
Nikon Metrology
Magnaflux Corporation
Zetec Inc.
Eddyfi
YXLON International GmbH
Sonatest Ltd.
Avitas Systems
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Technique:
Ultrasonic Testing
Visual Inspection Testing
Magnetic Particle Testing
Liquid Penetrant Testing
Eddy-Current Testing
Radiographic Testing
Others
By Method:
Visual Inspection
Surface Inspection
Volumetric Inspection
Others
By Service:
Inspection Services
Equipment Rental Services
Calibration Services
Training Services
By Vertical
Manufacturing
Oil & Gas
Aerospace
Automotive
Public Infrastructure
Power Generation
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026
Target Audience of the Global Non-Destructive Testing and Inspection Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2017-2026 (USD Billion)
- 1.2.1. Non-Destructive Testing and Inspection Market, by Technique, 2017-2026 (USD Billion)
- 1.2.2. Non-Destructive Testing and Inspection Market, by Method, 2017-2026 (USD Billion)
- 1.2.3. Non-Destructive Testing and Inspection Market, by Service, 2017-2026 (USD Billion)
- 1.2.4. Non-Destructive Testing and Inspection Market, by Vertical, 2017-2026 (USD Billion)
- 1.2.5. Non-Destructive Testing and Inspection Market, by Region, 2017-2026 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Non-Destructive Testing and Inspection Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Non-Destructive Testing and Inspection Market Dynamics
- 3.1. Non-Destructive Testing and Inspection Market Impact Analysis (2018-2026)
- 3.1.1. Market Drivers
- 3.1.2. Market Challenges
- 3.1.3. Market Opportunities
Chapter 4. Global Non-Destructive Testing and Inspection Market: Industry Analysis
- 4.1. Porter’s 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter’s 5 Force Model (2016-2026)
- 4.2. PEST Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.3. Investment Adoption Model
- 4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Non-Destructive Testing and Inspection Market, by Technique
- 5.1. Market Snapshot
- 5.2. Global Non-Destructive Testing and Inspection Market by Technique, Performance - Potential Analysis
- 5.3. Global Non-Destructive Testing and Inspection Market Estimates & Forecasts by Technique 2016-2026 (USD Billion)
- 5.4. Non-Destructive Testing and Inspection Market, Sub Segment Analysis
- 5.4.1. Ultrasonic Testing
- 5.4.2. Visual Inspection Testing
- 5.4.3. Magnetic Particle Testing
- 5.4.4. Liquid Penetrant Testing
- 5.4.5. Eddy-Current Testing
- 5.4.6. Radiographic Testing
- 5.4.7. Others
Chapter 6. Global Non-Destructive Testing and Inspection Market, by Method
- 6.1. Market Snapshot
- 6.2. Global Non-Destructive Testing and Inspection Market by Method, Performance - Potential Analysis
- 6.3. Global Non-Destructive Testing and Inspection Market Estimates & Forecasts by Method, 2016-2026 (USD Billion)
- 6.4. Non-Destructive Testing and Inspection Market, Sub Segment Analysis
- 6.4.1. Visual Inspection
- 6.4.2. Surface Inspection
- 6.4.3. Volumetric Inspection
- 6.4.4. Others
Chapter 7. Global Non-Destructive Testing and Inspection Market, by Service
- 7.1. Market Snapshot
- 7.2. Global Non-Destructive Testing and Inspection Market by Service, Performance - Potential Analysis
- 7.3. Global Non-Destructive Testing and Inspection Market Estimates & Forecasts by Service, 2016-2026 (USD Billion)
- 7.4. Non-Destructive Testing and Inspection Market, Sub Segment Analysis
- 7.4.1. Inspection Services
- 7.4.2. Equipment Rental Services
- 7.4.3. Calibration Services
- 7.4.4. Training Services
Chapter 8. Global Non-Destructive Testing and Inspection Market, by Vertical
- 8.1. Market Snapshot
- 8.2. Global Non-Destructive Testing and Inspection Market by Vertical, Performance - Potential Analysis
- 8.3. Global Non-Destructive Testing and Inspection Market Estimates & Forecasts by Vertical, 2016-2026 (USD Billion)
- 8.4. Non-Destructive Testing and Inspection Market, Sub Segment Analysis
- 8.4.1. Manufacturing
- 8.4.2. Oil & Gas
- 8.4.3. Aerospace
- 8.4.4. Automotive
- 8.4.5. Public Infrastructure
- 8.4.6. Power Generation
- 8.4.7. Others
Chapter 9. Global Non-Destructive Testing and Inspection Market, Regional Analysis
- 9.1. Non-Destructive Testing and Inspection Market, Regional Market Snapshot
- 9.2. North America Non-Destructive Testing and Inspection Market
- 9.2.1. U.S. Non-Destructive Testing and Inspection Market
- 9.2.1.1. Technique breakdown estimates & forecasts, 2016-2026
- 9.2.1.2. Method breakdown estimates & forecasts, 2016-2026
- 9.2.1.3. Service breakdown estimates & forecasts, 2016-2026
- 9.2.1.4. Vertical breakdown estimates & forecasts, 2016-2026
- 9.2.2. Canada Non-Destructive Testing and Inspection Market
- 9.2.1. U.S. Non-Destructive Testing and Inspection Market
- 9.3. Europe Non-Destructive Testing and Inspection Market Snapshot
- 9.3.1. U.K. Non-Destructive Testing and Inspection Market
- 9.3.2. Germany Non-Destructive Testing and Inspection Market
- 9.3.3. Rest of Europe Non-Destructive Testing and Inspection Market
- 9.4. Asia-Pacific Non-Destructive Testing and Inspection Market Snapshot
- 9.4.1. China Non-Destructive Testing and Inspection Market
- 9.4.2. India Non-Destructive Testing and Inspection Market
- 9.4.3. Japan Non-Destructive Testing and Inspection Market
- 9.4.4. Rest of Asia Pacific Non-Destructive Testing and Inspection Market
- 9.5. Latin America Non-Destructive Testing and Inspection Market Snapshot
- 9.5.1. Brazil Non-Destructive Testing and Inspection Market
- 9.5.2. Mexico Non-Destructive Testing and Inspection Market
- 9.6. Rest of The World Non-Destructive Testing and Inspection Market
Chapter 10. Competitive Intelligence
- 10.1. Top Market Strategies
- 10.2. Company Profiles
- 10.2.1. General Electric
- 10.2.1.1. Key Information
- 10.2.1.2. Overview
- 10.2.1.3. Financial (Subject To Data Availability)
- 10.2.1.4. Product Summary
- 10.2.1.5. Recent Developments
- 10.2.2. Mistras Group
- 10.2.3. Olympus Corporation
- 10.2.4. Ashtead Technology
- 10.2.5. Nikon Metrology
- 10.2.6. Magnaflux Corporation
- 10.2.7. Zetec Inc.
- 10.2.8. Eddyfi
- 10.2.9. YXLON International GmbH
- 10.2.10. Sonatest Ltd.
- 10.2.11. Avitas Systems
- 10.2.1. General Electric
Chapter 11. Research Process
- 11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
- 11.2. Research Attributes
Summary:
Get latest Market Research Reports on Non-Destructive Testing and Inspection . Industry analysis & Market Report on Non-Destructive Testing and Inspection is a syndicated market report, published as Global Non-Destructive Testing and Inspection Market to reach USD 14.62 billion by 2026. It is complete Research Study and Industry Analysis of Non-Destructive Testing and Inspection market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.
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