Non-Destructive Testing (NDT) Market Size, Share, Growth Analysis, By Technique(Ultrasonic Testing, Visual Inspection Testing), By Method(Visual Inspection, Surface Inspection), By Service(Ultrasonic Inspection, Equipment Rental Services), By Vertical(Manufacturing, Oil & Gas) - Industry Forecast 2024-2031

Non-Destructive Testing (NDT) Market Driver

Growing need for industry standards in aviation sector to fuel the market growth

• 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.
• In order to increase operational effectiveness and dependability, improvised NDT technologies can make it easier to examine pipelines, valves, welds, pressure, and storage tanks throughout the whole production cycle. Due to the improvements in hardware, probes, and software, these improvised NDT techniques inspect precisely and fast. For instance, Novosound introduced its new line of sophisticated NDT products in October 2020, including the Kelpie, Belenus, and Nebula models. These items are made to make NDT inspections easier and more effective, hence minimizing downtime in the energy, oil & gas, aerospace, and renewables industries.

Non-Destructive Testing (NDT) Market Restraint

Technical complexities to limit the market demand

• Numerous commercial, residential, and industrial applications employ non-destructive testing (NDT). The range of end-use sectors throughout the globe is anticipated to fuel demand in the near future as a result of the great evaluation output. Numerous consumers worldwide have complained about the limits of the testing and analyzing process.
• Only extremely expensive cutting-edge instruments can be used for NDT. For the maximum level of precision, the analytical operation to discover cracks, defects, leaks, and troubleshooting requires specialized gear and instruments. Thus, it is projected that a lack of certified and competent workers to run testing machines will impede market expansion.