Non-Destructive Testing (NDT) Market Size, Share & Trends Analysis Report By Vertical, By Test Method (Visual, Magnetic Particle, Eddy Current, Ultrasonic, Radiographic), And Segment Forecasts, 2018 - 2025

Published: Oct, 2018 | Pages: 83 | Publisher: Grand View Research
Industry: Technology & Media | Report Format: Electronic (PDF)

The global non-destructive testing market size is projected to reach USD 21.20 billion by 2025, according to a new report by Grand View Research, Inc., progressing at a CAGR of 6.0% during the forecast period.Increasing manufacturing activities in developing as well as developed nations are poised to bolster market growth over the forecast period.

Use of non-destructive testing helps in detecting faults precisely, reducing product/component failure probability, and cutting down costs incurred in repairs of components. Use of NDT also speeds up the process of manufacturing as possible faults are eliminated beforehand.

Technological advancements in the field are leading to introduction of methods with improved efficiency, which is working in favor of the market. Improvements in techniques used to perform NDT tests are ensuring less complicated execution, thereby boosting the deployment of NDT techniques in numerous vertical segments.

The ultrasonic testing segment is likely to witness significant growth owing to ease of handling equipment, abundant availability of skilled technicians, and precise fault detection. Based on vertical, the manufacturing segment is expected to deploy NDT techniques extensively over the forecast period owing to increasing awareness regarding their use and benefits.

Further key findings from the report suggest:

• The radiographic testing segment is estimated to expand at a CAGR of over 6.0% during the forecast period. The method offers benefits such as precise fault detection and provision of detailed analytic reports highlighting detected faults

• Rapid urbanization and industrialization in both developing and developed nations are leading to increase in activities pertaining to construction, manufacturing, and power generation. This is one of the key trends driving the overall market

• The manufacturing segment led the market in 2017. It is anticipated to register a CAGR greater than 7.0% over the forecast period, on account of immense potential for manufacturing activities in Asia Pacific

• Asia Pacific commanded approximately 21.0% share in the global arena. The region is slated to post the highest CAGR during the same period, owing to growing manufacturing, power generation, and construction projects

• Key players such as General Electric, Nikon Metrology NV; Olympus Corporation; Mistras Group, Inc.; Yxlon International GmbH; and Sonatest Ltd. dominated the market in 2017. Mergers and acquisitions are among the key strategies adopted by these players to consolidate their position in the market.

 Table of Contents

Chapter 1. Methodology and Scope
                  1.1. Research Methodology
                  1.2. Research Scope & Assumptions
                  1.3. List of Data Sources
Chapter 2. Executive Summary
                  2.1. Non-Destructive Testing Regional Marketplace: Key Takeaways
Chapter 3. Non-Destructive Testing Industry Outlook
                  3.1. Market Segmentation
                  3.2. Market Size and Growth Prospects, 2014 - 2025
                  3.3. Value Chain Analysis
                  3.4. Market Dynamics
                      3.4.1. Market driver analysis
                          3.4.1.1. Technological advancements in non-destructive testing
                          3.4.1.2. Rapid industrialization and urbanization
                      3.4.2. Market restraint/challenge analysis
                          3.4.2.1. Lack of skilled workforce
                          3.4.2.2. Increasing complexity of NDT processes
                      3.4.3. Market opportunity analysis
                          3.4.3.1. Forward integration with latest technologies
                  3.5. Penetration & Growth Prospect Mapping
                  3.6. Company Market Share Analysis, (2017)
                  3.7. Industry Analysis - Porter's
                  3.8. PEST Analysis
Chapter 4. Non-Destructive Testing Market: Test Method Outlook
                  4.1. Non-destructive testing market Share by test method, 2017 & 2025 (USD Million)
                  4.2. Visual testing
                      4.2.1. Market estimates and forecasts, 2014 - 2025 (USD Million) 
                      4.2.2. Market estimates and forecasts by region, 2014 - 2025 (USD Million)
                  4.3. Magnetic particle testing
                      4.3.1. Market estimates and forecasts, 2014 - 2025 (USD Million)
                      4.3.2. Market estimates and forecast by region, 2014 - 2025 (USD Million)
                  4.4. Liquid penetrant testing
                      4.4.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                      4.4.2. Market estimates and forecast by region, 2014 - 2025 (USD Million)
                  4.5. Eddy current testing
                      4.5.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                      4.5.2. Market estimates and forecast by region, 2014 - 2025 (USD Million)
                  4.6. Ultrasonic testing
                      4.6.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                      4.6.2. Market estimates and forecast by region, 2014 - 2025 (USD Million)
                  4.7. Radiographic testing
                      4.7.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                      4.7.2. Market estimates and forecast by region, 2014 - 2025 (USD Million)
Chapter 5. Non-Destructive Testing Market: Vertical Outlook
                  5.1. Non-destructive Testing Market Share by Vertical, 2017 & 2025 (USD Million)
                  5.2. Oil & Gas
                      5.2.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                      5.2.2. Market estimates and forecast by region, 2014 - 2025 (USD Million)
                  5.3. Manufacturing
                      5.3.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                      5.3.2. Market estimates and forecast by region, 2014 - 2025 (USD Million)
                  5.4. Aerospace and defense
                      5.4.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                      5.4.2. Market estimates and forecast by region, 2014 - 2025 (USD Million)
                  5.5. Construction
                      5.5.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                      5.5.2. Market estimates and forecast by region, 2014 - 2025 (USD Million)
                  5.6. Automotive
                      5.6.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                      5.6.2. Market estimates and forecast by region, 2014 - 2025 (USD Million)
                  5.7. Power generation
                      5.7.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                      5.7.2. Market estimates and forecast by region, 2014 - 2025 (USD Million)
                  5.8. Others
                      5.8.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                      5.8.2. Market estimates and forecast by region, 2014 - 2025 (USD Million)
Chapter 6. Non-Destructive Testing Market: Regional Outlook
                  6.1. Non-destructive Testing market share by region, 2017 & 2025 (USD Million)
                  6.2. North America 
                      6.2.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                      6.2.2. Market estimates and forecast by test method, 2014 - 2025 (USD Million)
                      6.2.3. Market estimates and forecast by vertical, 2014 - 2025 (USD Million)
                      6.2.4. U.S.
                          6.2.4.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                          6.2.4.2. Market estimates and forecast by test method, 2014 - 2025 (USD Million)
                          6.2.4.3. Market estimates and forecast by vertical, 2014 - 2025 (USD Million)
                      6.2.5. Canada
                          6.2.5.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                          6.2.5.2. Market estimates and forecast by test method, 2014 - 2025 (USD Million)
                          6.2.5.3. Market estimates and forecast by vertical, 2014 - 2025 (USD Million)
                  6.3. Europe 
                      6.3.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                      6.3.2. Market estimates and forecast by test method, 2014 - 2025 (USD Million)
                      6.3.3. Market estimates and forecast by vertical, 2014 - 2025 (USD Million)
                      6.3.4. U.K.
                          6.3.4.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                          6.3.4.2. Market estimates and forecast by test method, 2014 - 2025 (USD Million)
                          6.3.4.3. Market estimates and forecast by vertical, 2014 - 2025 (USD Million)
                      6.3.5. Germany
                          6.3.5.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                          6.3.5.2. Market estimates and forecast by test method, 2014 - 2025 (USD Million)
                          6.3.5.3. Market estimates and forecast by vertical, 2014 - 2025 (USD Million)
                      6.3.6. France
                          6.3.6.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                          6.3.6.2. Market estimates and forecast by test method, 2014 - 2025 (USD Million)
                          6.3.6.3. Market estimates and forecast by vertical, 2014 - 2025 (USD Million)
                  6.4. Asia Pacific 
                      6.4.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                      6.4.2. Market estimates and forecast by test method, 2014 - 2025 (USD Million)
                      6.4.3. Market estimates and forecast by vertical, 2014 - 2025 (USD Million)
                      6.4.4. China 
                          6.4.4.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                          6.4.4.2. Market estimates and forecast by test method, 2014 - 2025 (USD Million)
                          6.4.4.3. Market estimates and forecast by vertical, 2014 - 2025 (USD Million)
                      6.4.5. India
                          6.4.5.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                          6.4.5.2. Market estimates and forecast by test method, 2014 - 2025 (USD Million)
                          6.4.5.3. Market estimates and forecast by vertical, 2014 - 2025 (USD Million)
                      6.4.6. Japan
                          6.4.6.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                          6.4.6.2. Market estimates and forecast by test method, 2014 - 2025 (USD Million)
                          6.4.6.3. Market estimates and forecast by vertical, 2014 - 2025 (USD Million)
                  6.5. Latin America 
                      6.5.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                      6.5.2. Market estimates and forecast by test method, 2014 - 2025 (USD Million)
                      6.5.3. Market estimates and forecast by vertical, 2014 - 2025 (USD Million)
                      6.5.4. Brazil
                          6.5.4.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                          6.5.4.2. Market estimates and forecast by test method, 2014 - 2025 (USD Million)
                          6.5.4.3. Market estimates and forecast by vertical, 2014 - 2025 (USD Million)
                      6.5.5. Mexico
                          6.5.5.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                          6.5.5.2. Market estimates and forecast by test method, 2014 - 2025 (USD Million)
                          6.5.5.3. Market estimates and forecast by vertical, 2014 - 2025 (USD Million)
                  6.6. Middle East & Africa 
                      6.6.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                      6.6.2. Market estimates and forecast by test method, 2014 - 2025 (USD Million)
                      6.6.3. Market estimates and forecast by vertical, 2014 - 2025 (USD Million)
                      6.6.4. Saudi Arabia
                          6.6.4.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                          6.6.4.2. Market estimates and forecast by test method, 2014 - 2025 (USD Million)
                          6.6.4.3. Market estimates and forecast by vertical, 2014 - 2025 (USD Million)
                      6.6.5. South Africa
                          6.6.5.1. Market estimates and forecast, 2014 - 2025 (USD Million)
                          6.6.5.2. Market estimates and forecast by test method, 2014 - 2025 (USD Million)
                          6.6.5.3. Market estimates and forecast by vertical, 2014 - 2025 (USD Million)
Chapter 7. Competitive Landscape
                  7.1. Ashtead Technology Ltd
                      7.1.1. Company Overview
                      7.1.2. Financial Performance
                      7.1.3. Product Benchmarking
                      7.1.4. Strategic Initiatives
                  7.2. Eddyfi NDT Inc.
                      7.2.1. Company Overview
                      7.2.2. Financial Performance
                      7.2.3. Product Benchmarking
                      7.2.4. Strategic Initiatives
                  7.3. Fisher Technologies, Inc.
                      7.3.1. Company Overview
                      7.3.2. Financial Performance
                      7.3.3. Product Benchmarking
                      7.3.4. Strategic Initiatives
                  7.4. General Electric 
                      7.4.1. Company Overview
                      7.4.2. Financial Performance
                      7.4.3. Product Benchmarking
                      7.4.4. Strategic Initiatives
                  7.5. Mistras Group, Inc.
                      7.5.1. Company Overview
                      7.5.2. Financial Performance
                      7.5.3. Product Benchmarking
                      7.5.4. Strategic Initiatives
                  7.6. Nikon Corporation 
                      7.6.1. Company Overview
                      7.6.2. Financial Performance
                      7.6.3. Product Benchmarking
                      7.6.4. Strategic Initiatives
                  7.7. Olympus Corp 
                      7.7.1. Company Overview
                      7.7.2. Financial Performance
                      7.7.3. Product Benchmarking
                      7.7.4. Strategic Initiatives
                  7.8. Sonatest Ltd.
                      7.8.1. Company Overview
                      7.8.2. Financial Performance
                      7.8.3. Product Benchmarking
                      7.8.4. Strategic Initiatives
                  7.9. Yxlon International GmbH
                      7.9.1. Company Overview
                      7.9.2. Financial Performance
                      7.9.3. Product Benchmarking
                      7.9.4. Strategic Initiatives
                  7.10. Zetec, Inc.
                      7.10.1. Company Overview
                      7.10.2. Financial Performance
                      7.10.3. Product Benchmarking
                      7.10.4. Strategic Initiatives

List of Tables

Table 1 List of abbreviations
Table 2 Non-destructive testing market - Industry snapshot & key buying criteria, 2014 - 2025
Table 3 Non-destructive testing market, 2014 - 2025 (USD Million)
Table 4 Non-destructive testing market, by region, 2014 - 2025 (USD Million)
Table 5 Non-destructive testing market, by test method, 2014 - 2025 (USD Million)
Table 6 Non-destructive testing market, by vertical, 2014 - 2025 (USD Million)
Table 7 Visual testing non-destructive testing market, 2014 - 2025 (USD Million)
Table 8 Visual testing non-destructive testing market, by region, 2014 - 2025 (USD Million)
Table 9 Magnetic particle non-destructive testing market, 2014 - 2025 (USD Million)
Table 10 Magnetic particle non-destructive testing market, by region, 2014 - 2025 (USD Million)
Table 11 Liquid penetrant non-destructive testing market, 2014 - 2025 (USD Million)
Table 12 Liquid penetrant non-destructive testing market, by region, 2014 - 2025 (USD Million)
Table 13 Eddy current non-destructive testing market, 2014 - 2025 (USD Million)
Table 14 Eddy current non-destructive testing market, by region, 2014 - 2025 (USD Million)
Table 15 Ultrasonic non-destructive testing market, 2014 - 2025 (USD Million)
Table 16 Ultrasonic non-destructive testing market, by region, 2014 - 2025 (USD Million)
Table 17 Radiographic non-destructive testing market, 2014 - 2025 (USD Million)
Table 18 Radiographic non-destructive testing market, by region, 2014 - 2025 (USD Million)
Table 19 Oil & gas non-destructive testing market, 2014 - 2025 (USD Million)
Table 20 Oil & gas non-destructive testing market, by region, 2014 - 2025 (USD Million)
Table 21 Manufacturing non-destructive testing market, 2014 - 2025 (USD Million)
Table 22 Manufacturing non-destructive testing market, by region, 2014 - 2025 (USD Million)
Table 23 Aerospace & defense non-destructive testing market, 2014 - 2025 (USD Million)
Table 24 Aerospace & defense non-destructive testing market, by region, 2014 - 2025 (USD Million)
Table 25 Construction non-destructive testing market, 2014 - 2025 (USD Million)
Table 26 Construction non-destructive testing non-destructive testing market, by region, 2014 - 2025 (USD Million)
Table 27 Automotive non-destructive testing market, 2014 - 2025 (USD Million)
Table 28 Automotive non-destructive testing market, by region, 2014 - 2025 (USD Million)
Table 29 Power generation non-destructive testing market, 2014 - 2025 (USD Million)
Table 30 Power generation non-destructive testing market, by region, 2014 - 2025 (USD Million)
Table 31 Others market non-destructive testing, 2014 - 2025 (USD Million)
Table 32 Others market non-destructive testing, by region, 2014 - 2025 (USD Million)
Table 33 North America non-destructive testing market, 2014 - 2025 (USD Million)
Table 34 North America non-destructive testing market, by test method, 2014 - 2025 (USD Million)
Table 35 North America non-destructive testing market, by vertical, 2014 - 2025 (USD Million)
Table 36 U.S. non-destructive testing market, 2014 - 2025 (USD Million)
Table 37 U.S. non-destructive testing market, by test method, 2014 - 2025 (USD Million)
Table 38 U.S. non-destructive testing market, by vertical, 2014 - 2025 (USD Million)
Table 39 Canada non-destructive testing market, 2014 - 2025 (USD Million)
Table 40 Canada non-destructive testing market, by test method, 2014 - 2025 (USD Million)
Table 41 Canada non-destructive testing market, by vertical, 2014 - 2025 (USD Million)
Table 42 Europe non-destructive testing market, 2014 - 2025 (USD Million)
Table 43 Europe non-destructive testing market, by test method, 2014 - 2025 (USD Million)
Table 44 Europe non-destructive testing market, by vertical, 2014 - 2025 (USD Million)
Table 45 U.K. non-destructive testing market, 2014 - 2025 (USD Million)
Table 46 U.K. non-destructive testing market, by test method, 2014 - 2025 (USD Million)
Table 47 U.K. non-destructive testing market, by vertical, 2014 - 2025 (USD Million)
Table 48 Germany non-destructive testing market, 2014 - 2025 (USD Million)
Table 49 Germany non-destructive testing market, by test method, 2014 - 2025 (USD Million)
Table 50 Germany non-destructive testing market, by vertical, 2014 - 2025 (USD Million)
Table 51 France non-destructive testing market, 2014 - 2025 (USD Million)
Table 52 France non-destructive testing market, by test method, 2014 - 2025 (USD Million)
Table 53 France non-destructive testing market, by vertical, 2014 - 2025 (USD Million)
Table 54 Asia Pacific non-destructive testing market, 2014 - 2025 (USD Million)
Table 55 Asia Pacific non-destructive testing market, by test method, 2014 - 2025 (USD Million)
Table 56 Asia Pacific non-destructive testing market, by vertical, 2014 - 2025 (USD Million)
Table 57 China non-destructive testing market, 2014 - 2025 (USD Million)
Table 58 China non-destructive testing market, by test method, 2014 - 2025 (USD Million)
Table 59 China non-destructive testing market, by vertical, 2014 - 2025 (USD Million)
Table 60 India non-destructive testing market, 2014 - 2025 (USD Million)
Table 61 India non-destructive testing market, by test method, 2014 - 2025 (USD Million)
Table 62 India non-destructive testing market, by vertical, 2014 - 2025 (USD Million)
Table 63 Japan non-destructive testing market, 2014 - 2025 (USD Million)
Table 64 Japan non-destructive testing market, by test method, 2014 - 2025 (USD Million)
Table 65 Japan non-destructive testing market, by vertical, 2014 - 2025 (USD Million)
Table 66 Latin America non-destructive testing market, 2014 - 2025 (USD Million)
Table 67 Latin America non-destructive testing market, by test method, 2014 - 2025 (USD Million)
Table 68 Latin America non-destructive testing market, by vertical, 2014 - 2025 (USD Million)
Table 69 Brazil non-destructive testing market, 2014 - 2025 (USD Million)
Table 70 Brazil non-destructive testing market, by test method, 2014 - 2025 (USD Million)
Table 71 Brazil non-destructive testing market, by vertical, 2014 - 2025 (USD Million)
Table 72 Mexico non-destructive testing market, 2014 - 2025 (USD Million)
Table 73 Mexico non-destructive testing market, by test method, 2014 - 2025 (USD Million)
Table 74 Mexico non-destructive testing market, by vertical, 2014 - 2025 (USD Million)
Table 75 MEA non-destructive testing market, 2014 - 2025 (USD Million)
Table 76 MEA non-destructive testing market, by test method, 2014 - 2025 (USD Million)
Table 77 MEA non-destructive testing market, by vertical, 2014 - 2025 (USD Million)
Table 78 Saudi Arabia non-destructive testing market, 2014 - 2025 (USD Million)
Table 79 Saudi Arabia non-destructive testing market, by test method, 2014 - 2025 (USD Million)
Table 80 Saudi Arabia non-destructive testing market, by vertical, 2014 - 2025 (USD Million)
Table 81 South Africa non-destructive testing market, 2014 - 2025 (USD Million)
Table 82 South Africa non-destructive testing market, by test method, 2014 - 2025 (USD Million)
Table 83 South Africa non-destructive testing market, by vertical, 2014 - 2025 (USD Million)

List of Figures

Fig. 1 Non-destructive testing market, by 2017 (USD Million)
Fig. 2 Non-destructive testing market segmentation
Fig. 3 Non-destructive testing market, 2014 - 2025 (USD Million)
Fig. 4 Value chain analysis
Fig. 5 Non-destructive testing market driver impact
Fig. 6 Non-destructive testing market challenge impact
Fig. 7 Non-destructive testing market penetration & growth prospects mapping
Fig. 8 Non-destructive testing market company market share analysis
Fig. 9 Non-destructive testing market - PESTanalysis
Fig. 10 Non-destructive testing market, by test method, 2017 & 2025 (USD Million)
Fig. 11 Non-destructive testing market, by vertical, 2017 & 2025 (USD Million)
Fig. 12 Non-destructive testing Market, By region, 2017 & 2025 (USD Million)