
Report ID: SQMIG35G2282
Skyquest Technology's expert advisors have carried out comprehensive research on the non-destructive testing (ndt) market to identify the major global and regional market trends and growth opportunities for leading players and new entrants in this market. The analysis is based on in-depth primary and secondary research to understand the major market drivers and restraints shaping the future development and growth of the industry.
Growing need for industry standards in aviation sector to fuel the market growth
Technical complexities to limit the market demand
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Non-Destructive Testing (NDT) Market size was valued at USD 18.08 Billion in 2023 and is poised to grow from USD 19.45 Billion in 2024 to USD 34.95 Billion by 2032, growing at a CAGR of 7.60% during the forecast period (2025-2032).
Top Players in the Global Non-Destructive Testing Market 'Fujifilm Holdings Corporation', 'Mistras Group, Inc.', 'Zetec Inc.', 'Ashtead Technology Ltd.', 'Nikon Corporation', 'Eddyfi Technologies Inc.', 'Sonatest Ltd.', 'Magnetic Analysis Corporation', 'Yxlon International GmbH', 'Comet Group', 'Fischer Technology Inc.', 'T.D. Williamson, Inc.', 'ZK Inspection Group Co., Ltd.', 'Bureau Veritas S.A.', 'Intertek Group plc', 'MFE Enterprises, Inc.', 'Acuren Inspection, Inc.', 'NDT Global GmbH & Co. KG'
The construction, material, and strength criteria are necessary for the aircrafts. Non-Destructive Evaluation (NDE), Non-Destructive Inspection (NDI), and Non-Destructive Examination are further names for the method (NDE). A number of problems, including tragic accidents and the loss of life, might result from surface, strength, and fracture failure. For example, from 1,301 incidents involving civilian aircraft registered in the United States in 2019 to 1,139 accidents in 2020. Between 2019 and 2020, there were 349 fewer fatalities in civil aviation than there were in 2019. Of the 349 fatalities in 2020, all but one occurred aboard. These fatalities didn't involve any commercial airlines.
Non-destructive testing (NDT) techniques employ sophisticated tools and gear for superior defect detection. The need for NDT is fueled by the development of wireless sensors, the Internet of Things (IoT), and technical advancements in sensors since the findings of the testing are so exceptionally accurate. The different ultrasonic testing tomography of rebar offers the highest level of precision. The optical positioning equipment and software algorithm assisted by artificial intelligence are well-equipped for testing. The analytical algorithm enables accurate probe location during the measurement process to be identified.
In 2022, the non-destructive testing market share in North America reached at USD 2.68 billion. The U.S., Canada, and Mexico's increasing need for sophisticated material testing is the major reason for region’s dominance. The market in the US is driven by the existence of well-known industry players like Fischer Technology Inc., Acuren Inspection Inc., and Magnaflux Corporation.
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Report ID: SQMIG35G2282
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