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Global Non-Destructive Testing (NDT) And Inspection Market Size, Forecasts, And Opportunities

November 10, 2021 by The Business Research Company

Learn about the global non-destructive testing and inspection market through The Business Research Company, which provides information on NDT and inspection market size, NDT and inspection market drivers and restraints, NDT and inspection market players, the COVID-19 impact on the NDT and inspection market, and more.

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 is expected to drive innovation in non-destructive testing (NDT) and inspection, thus driving the market during the forecast period.

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The 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. Non-destructive testing 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 segments include:
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 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.

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.

TBRC’s non-destructive testing (NDT) and inspection market report covers:
Major Market Players: MISTRAS Group, Acuren Inspection Inc, YXLON International, Fprimec Solutions Inc, Baker Hughes, Applied Technical Services, TEAM Inc., SGS Group, Applus Services, Bureau Veritas S.A., and Intertek Group plc.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Non-Destructive Testing (NDT) And Inspection Global Market Report 2021: COVID-19 Growth And Change to 2030 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, share, non-destructive testing (NDT) and inspection market players, non-destructive testing (NDT) and inspection market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s 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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