Product ID: SQMIG20I2252
Ultrasonic Testing Market Size, Share, Growth Analysis, By Type(Time-of Flight Diffraction, Phased Array), By Vertical(Manufacturing, Oil & Gas), By Equipment(Flaw Detectors, Imaging Systems) - Industry Forecast 2024-2031
Report ID:
SQMIG20I2252 |
Region:
Global |
Published Date: April, 2024
Pages:
201
|
Tables:
99 |
Figures:
75
Ultrasonic Testing Market Dynamics
Drivers
High Adoption of Non-Destructive Testing
- Non-destructive testing (NDT) is a form a testing that does not damage the product while inspecting it in any way. This has helped manufacturers maintain quality without having to lose capital in destructive testing, hence preference for NDT is slated to benefit ultrasonic testing demand.
Advancements in Ultrasonic Technology
- With continual investments in advancements of technology, ultrasonic technology has come a long way and these advancements are being implemented in novel ultrasonic testing devices, which is slated to boost market growth.
Restraints
High Initial Investment
- Getting an ultrasonic testing device could be a major investment as some advanced devices are pretty expensive. These high costs are a barrier to adoption in small industries, which ultimately hurts market growth in the future.
Shortage of Skilled Technicians
- Operating and interpreting results from ultrasonic testing devices requires skilled technicians and there is a shortage of these around the world. No technicians to operate means less sales and thereby slowed market development.
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