Non Destructive Testing (NDT) Market Segmented By Test Method, Industry Vertical & Geography - Analysis & Forecasts 2018-2023 - ResearchAndMarkets.com

DUBLIN--()--The "Non Destructive Testing (NDT) Market - Forecasts from 2018 to 2023" report has been added to ResearchAndMarkets.com's offering.

Non-destructive testing market is projected to witness a compound annual growth rate of 7.91% during the forecast period, reaching a total market size of US$19.596 billion in 2023 from US$12.410 billion in 2017.

Non Destructive Testing (NDT) refers to the examination of different components and materials for flaws without harming the object being tested. Escalating costs of machine failures in several end-use industries is the key driver of this market. Rising complexity of machines and equipment, stringent government regulations regarding workers' safety, tight quality control requirements, and strict product usage specifications are other important factors augmenting the demand for NDT equipment in various industries across the globe.

Europe holds the largest market share of global non destructive testing market due to the high presence of core industries in the region along with high investment in R&D activities. Asia Pacific will witness the fastest growth rate due to growing infrastructure sector in the emerging economies such as India and Australia. However, the market growth will be restrained by factors such as lack of skilled personnel, high cost of equipment as well as infrastructure and lack of awareness about NDT technology among end-users.

Segmentation:

  • By Test Method
  • Magnetic Particle Testing
  • Liquid Penetrant Testing
  • Radiographic Testing
  • Ultrasonic Testing
  • Electromagnetic Testing
  • Visual Testing

By Industry Vertical:

  • Manufacturing
  • Oil and Gas
  • Aerospace
  • Automotive
  • Energy and Power

Companies Mentioned

  • Bosello High Tech
  • General Electric Company
  • Zetec
  • Mistras Group
  • Sonotron NDT
  • Nikon Corporation
  • Olympus Corporation
  • Intertek Group
  • SGS SA
  • Yxlon International

Key Topics Covered:

1. Introduction

2. Research Methodology

3. Executive Summary

4. Market Dynamics

6. Non Destructive Testing (NDT) Market Forecast by Test Method

7. Non Destructive Testing (NDT) Market Forecast by Industry Vertical

8. Non Destructive Testing (NDT) Market Forecast by Geography

9. Competitive Intelligence

10. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/wx8glb/non_destructive?w=4

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T. Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Engineering

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T. Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Engineering