Global Non-Destructive Testing (NDT) Market

Non-Destructive Testing (NDT) Market Size, Share, Growth Analysis, By Technique(Ultrasonic Testing, Visual Inspection Testing, Magnetic Particle Testing, Liquid Penetrant Testing), By Method(Visual Inspection, Surface Inspection, Volumetric Inspection, Others), By Service(Ultrasonic Inspection, Equipment Rental Services, Calibration Services, Training Services), By Vertical(Manufacturing, Oil & Gas, Aerospace, Public Infrastructure), By Region - Industry Forecast 2024-2031


Report ID: SQMIG20B2009 | Region: Global | Published Date: June, 2024
Pages: 245 | Tables: 127 | Figures: 75

Non-Destructive Testing (NDT) Market Dynamics

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.
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Non-Destructive Testing (NDT) Market size was valued at USD 18.3 billion in 2019 and is poised to grow from USD 19.09 billion in 2023 to USD 34.2 billion by 2031, growing at a CAGR of 7.9% in the forecast period (2024-2031).

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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Global Non-Destructive Testing (NDT) Market

Report ID: SQMIG20B2009

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