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Non-Destructive Testing Market to Worth USD 33.73 Billion by 2030 | At a Striking CAGR of 11.5 %

Non-Destructive Testing Market to Worth USD 33.73 Billion by 2030 | At a Striking CAGR of 11.5 %

 

 
The global non-destructive testing market was valued at USD 14.28 billion in 2022 and is projected to grow from USD 15.78 billion in 2023 to USD 33.73 billion by 2030, with a compound annual growth rate (CAGR) of 11.5% during the forecast period. In 2022, North America led the non-destructive testing market, holding a market share of 37.54%.

Fortune Business Insights™ shares this information in its report titled "Global Non-Destructive Testing Market Size, 2023-2030."

𝐆𝐞𝐭 𝐀 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/non-destructive-testing-ndt-market-103596

𝐋𝐢𝐬𝐭 𝐨𝐟 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐏𝐫𝐨𝐟𝐢𝐥𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭: -
‣ Applus Services, S.A. (Spain)
‣ Bureau Veritas SA (France)
‣ Commet Holding AG (Switzerland)
‣ Intertek Group PLC (U.K.)
‣ Mistras Group (U.S.)
‣ Nikon Metrology Inc. (Japan)
‣ Olympus Corporation (Japan)
‣ Previan Technologies Inc. (Canada)
‣ SGS S.A (U.S.)
‣ Team Inc. (Germany)
‣ TÜV Rheinland AG (U.S.)
‣ Waygate Technologies Inc. (Germany)

𝐂𝐎𝐕𝐈𝐃-𝟏𝟗 𝐈𝐦𝐩𝐚𝐜𝐭:
𝐃𝐢𝐬𝐫𝐮𝐩𝐭𝐢𝐨𝐧𝐬 𝐢𝐧 𝐓𝐡𝐞 𝐒𝐮𝐩𝐩𝐥𝐲 𝐂𝐡𝐚𝐢𝐧𝐬 𝐇𝐚𝐝 𝐌𝐚𝐣𝐨𝐫 𝐈𝐦𝐩𝐚𝐜𝐭 𝐎𝐧 𝐭𝐡𝐞 𝐀𝐯𝐚𝐢𝐥𝐚𝐛𝐢𝐥𝐢𝐭𝐲 𝐚𝐧𝐝 𝐃𝐞𝐥𝐢𝐯𝐞𝐫𝐲 𝐨𝐟 𝐍𝐃𝐓
During the time of COVID-19 pandemic, disruptions in the supply chains had major impact on the availability and delivery of NDT equipment and services. Additionally, reduction in demand from various industries, such as manufacturing, aerospace, automotive, and oil and gas, lead to sharp decline in product demand.

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧: 𝐍𝐨𝐧-𝐃𝐞𝐬𝐭𝐫𝐮𝐜𝐭𝐢𝐯𝐞 𝐓𝐞𝐬𝐭𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭
𝐒𝐞𝐫𝐯𝐢𝐜𝐞 𝐒𝐞𝐠𝐦𝐞𝐧𝐭 𝐭𝐨 𝐃𝐨𝐦𝐢𝐧𝐚𝐭𝐞 𝐃𝐮𝐞 𝐭𝐨 𝐃𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐐𝐮𝐚𝐥𝐢𝐭𝐲 𝐈𝐧𝐬𝐩𝐞𝐜𝐭𝐢𝐨𝐧 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬
On the basis of offering, the non-destructive testing market is divided into equipment and service. Service segment dominates the share and is also set to lead with high demand for quality inspection services from various end user industries.

𝐕𝐨𝐥𝐮𝐦𝐞𝐭𝐫𝐢𝐜 𝐈𝐧𝐬𝐩𝐞𝐜𝐭𝐢𝐨𝐧 𝐒𝐞𝐠𝐦𝐞𝐧𝐭 𝐭𝐨 𝐋𝐞𝐚𝐝 𝐃𝐮𝐞 𝐭𝐨 𝐑𝐢𝐬𝐢𝐧𝐠 𝐂𝐨𝐦𝐩𝐥𝐞𝐱𝐢𝐭𝐲 𝐨𝐟 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐬 𝐚𝐧𝐝 𝐌𝐚𝐭𝐞𝐫𝐢𝐚𝐥𝐬
On the basis of method, the market is divided into visual inspection, surface inspection, volumetric inspection, and others. Volumetric inspection segment dominates the market due to rising complexity and diversity of products and materials.

𝐔𝐥𝐭𝐫𝐚𝐬𝐨𝐧𝐢𝐜 𝐓𝐞𝐬𝐭𝐢𝐧𝐠 𝐒𝐞𝐠𝐦𝐞𝐧𝐭 𝐭𝐨 𝐋𝐞𝐚𝐝 𝐃𝐮𝐞 𝐭𝐨 𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐢𝐧𝐠 𝐍𝐮𝐦𝐛𝐞𝐫 𝐨𝐟 𝐈𝐧𝐟𝐫𝐚𝐬𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐞 𝐏𝐫𝐨𝐣𝐞𝐜𝐭𝐬
On the basis of technique, the market is divided into ultrasonic testing, visual inspection testing, magnetic particle testing, liquid penetrant testing, eddy-current testing, radiographic testing, acoustic emission testing, and others. Ultrasonic testing dominates the segment due to expansion of infrastructure projects.

𝐎𝐢𝐥 & 𝐆𝐚𝐬 𝐒𝐞𝐠𝐦𝐞𝐧𝐭 𝐭𝐨 𝐋𝐞𝐚𝐝 𝐃𝐮𝐞 𝐭𝐨 𝐑𝐢𝐬𝐢𝐧𝐠 𝐃𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐍𝐃𝐓
On the basis of vertical, the market is divided into manufacturing, oil & gas, aerospace, public infrastructure, automotive, power generation, and others. The oil & gas segment is set to dominate due to rising demand for NDT from oil & gas infrastructure.
Geographically, the market is studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

𝐀𝐬𝐤 𝐟𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧:
https://www.fortunebusinessinsights.com/enquiry/ask-for-customization/non-destructive-testing-ndt-market-103596

𝐑𝐞𝐩𝐨𝐫𝐭 𝐂𝐨𝐯𝐞𝐫𝐚𝐠𝐞
The report provides a detailed analysis of the top segments and the latest trends in the non-destructive testing market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the key players of Non-Destructive Testing (NDT).

𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐚𝐧𝐝 𝐑𝐞𝐬𝐭𝐫𝐚𝐢𝐧𝐭𝐬
𝐑𝐢𝐬𝐢𝐧𝐠 𝐃𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐐𝐮𝐚𝐥𝐢𝐭𝐲 𝐀𝐬𝐬𝐮𝐫𝐚𝐧𝐜𝐞 𝐟𝐫𝐨𝐦 𝐕𝐚𝐫𝐢𝐨𝐮𝐬 𝐄𝐧𝐝-𝐔𝐬𝐞𝐫 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐞𝐬 𝐏𝐫𝐨𝐩𝐞𝐥𝐬 𝐭𝐡𝐞 𝐃𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐍𝐃𝐓
Rising demand for quality assurance from various end-user industries is anticipated to drive the Non-Destructive Testing (NDT) market growth. Industries such as aerospace, automotive, manufacturing, oil and gas, and power generation are considered for quality assurance which is set to be highly important. Advancements, such as Computed Tomography (CT), phased array ultrasonic, and remote visual inspection, have enhanced precision, effectiveness, and the capability to identify concealed flaws.
However, lack of skilled workforce and high costs of equipment are expected to hamper the market growth.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬
𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚 𝐭𝐨 𝐋𝐞𝐚𝐝 𝐃𝐮𝐞 𝐭𝐨 𝐏𝐫𝐞𝐬𝐞𝐧𝐜𝐞 𝐨𝐟 𝐎𝐄𝐌𝐬 𝐚𝐧𝐝 𝐒𝐞𝐫𝐯𝐢𝐜𝐞 𝐏𝐫𝐨𝐯𝐢𝐝𝐞𝐫𝐬
North America holds the largest part in the non-destructive testing market share due to OEMs and service providers in the region. The market stood at USD 5.36 billion in 2022 with various acquisition strategies among key market players.
Europe to have the second-largest market share due to increasing demand for Non-Destructive Testing (NDT) and emphasis on the usage of renewable sources of energy.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞
𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐀𝐫𝐞 𝐎𝐩𝐭𝐢𝐧𝐠 𝐟𝐨𝐫 𝐕𝐚𝐫𝐢𝐨𝐮𝐬 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐞𝐬
The key Non-Destructive Testing (NDT) players are Applus Services, S.A., Bureau Veritas SA, Commet Holding AG, Intertek Group PLC, Mistras Group, and others. The market players have been focusing on mergers & acquisitions, emerging markets, technological advancements, and product innovations.

𝐆𝐞𝐭 𝐚 𝐐𝐮𝐨𝐭𝐞 𝐍𝐨𝐰:
https://www.fortunebusinessinsights.com/enquiry/sample/non-destructive-testing-ndt-market-103596

𝐊𝐞𝐲 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭
• May 2023- Previan Technologies, Inc. acquired Sensor Networks, Inc. (SNI) to integrate the SNI into the Previan Group allowing them to leverage Non-Destructive Testing (NDT) solutions offered by Eddyfi Technologies.

𝐑𝐞𝐚𝐝 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:
Ultrasonic Testing Market
https://www.fortunebusinessinsights.com/ultrasonic-testing-market-104865

Airborne Fire Control Radar Market
https://www.fortunebusinessinsights.com/airborne-fire-control-radar-market-104048

Automatic Dependent Surveillance Broadcast Market
https://www.fortunebusinessinsights.com/automatic-dependent-surveillance-broadcast-ads-b-market-103355

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬:
Fortune Business Insights™ Pvt. Ltd.
9th Floor, Icon Tower,
Baner, Pune-411045,
Maharashtra, India.
Phone:
US +1 833 909 2966 (Toll Free)
UK +44 808 502 0280 (Toll Free)
APAC +91 744 740 1245
Email: sales@fortunebusinessinsights.com

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.


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