What is the Global market size of the Non-Destructive Testing (NDT) Market?

Global Non-Destructive Testing (NDT) Market size was valued at USD 18.3 billion in 2021 and is poised to grow from USD 19.09 billion in 2022 to USD 34.2 billion by 2030, growing at a CAGR of 7.9% in the forecast period (2023-2030).

Non-Destructive Testing (NDT) Market Size, Share, Growth Analysis, By Technique (NDT, Radiographic Testing), By Offering (Services, Equipment), By Vertical (Manufacturing, Public Infrastructure), By Region - Industry Forecast 2024-2031

Report ID: SQMIG35G2282 | Region: Global | Published Date: July, 2024
Pages: 245 | Tables: 127 | Figures: 75

Non-Destructive Testing (NDT) Market News

In February 2024, Videray Technologies Inc. Announce the launch of the PXT which is a 140 KB transmission X-ray generator. It provides a safety, ease of use and powerful inspection capabilities that we direct customers have come to rely on and opens completely new use cases across various markets.
In January 2024, Voliro announced its collaboration with nondestructive testing inspection service providers in the US named Acuren, MISTRAS and TEAM. It solidifies the company’s position in the industry and emphasizes the demand for innovative solutions in NDT inspections.
In March 2024, Flyability announce the launch of its ultrasonic thickness measurement UTM payload for Elios 3 drone. They've collaborated with sickness instruments which are experts in ultrasonic testing and are aimed for improving the approach of inspecting steel thickness in inaccessible or hazardous areas in the Asia Pacific region.

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Global non-destructive testing market size was valued at USD 16.80 billion in 2022, and is poised to grow from USD 18.08 billion in 2023 to USD 32.48 billion by 2031, growing at a CAGR of 7.60% over the forecast period (2024–20231).

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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Non-Destructive Testing (NDT) Market Size, Share, Growth Analysis, By Technique (NDT, Radiographic Testing), By Offering (Services, Equipment), By Vertical (Manufacturing, Public Infrastructure), By Region - Industry Forecast 2024-2031

Non-Destructive Testing (NDT) Market News

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