Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 15.87 Billion | USD 35.34 Billion | 9.3% | 2023 |
Zion Market Research has published a report on the global Non-Destructive Testing (NDT) Service Market, estimating its value at USD 15.87 Billion in 2023, with projections indicating that it will reach USD 35.34 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 9.3% over the forecast period 2024-2032. The report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the Non-Destructive Testing (NDT) Service Market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
Non-Destructive testing service is a technique for evaluation and diagnostic analysis for faults in products. Projects applying this tool are gaining more accuracy in manufacturing process as it detects faults in intricate structures and surfaces, thus reducing time and possibility of failure.
Non-Destructive Testing (NDT) is a service that examines the integrity and properties of materials, components, and structures without causing any damage to them. This technique is widely used across industries like aerospace, automotive, construction, and manufacturing to detect flaws, measure thickness, and ensure structural integrity without impairing the usability of the tested object. NDT methods include ultrasonic testing, radiography, magnetic particle testing, eddy current testing, and visual inspection. These techniques help improve safety, reliability, and compliance with regulatory standards, allowing industries to avoid costly repairs, reduce downtime, and enhance the quality of products and services.
Implementation on stringent government regulations of product quality and safety has increased the market for non-destructive testing services across the globe. Massive urbanization in developing countries undertaking infrastructure projects has increased the demand for non-destructive testing services by giving accurate results on failure analysis and giving precise results. Non-destructive testing services are also helping to enhance lifespan of old infrastructures for residential and non-residential facilities.
Increase in automation in the industrial manufacturing sector there has been substantial hike in the demand for failure detection analysis equipment, thus promoting non-destructive testing equipment. With the complex nature of the non-destructive testing services and lack of availability of experts along with strict enforcement of legislation will prompt the firms to outsource NDT functions to third-party vendors.
The non-destructive testing (NDT) service market can be sectored into the method, application, and technology.
Based on the method, the non-destructive testing (NDT) service industry is divided into volumetric inspection, visual inspection, surface inspection, and others.
Application wise, the market is classified into government, oil & gas, automotive, aerospace, manufacturing, energy, and others.
Technology wise, the industry is sectored into ultrasonic inspection, Eddy current testing, Acoustic Emission Testing, Radiographic Testing, radiography testing, and others.
Report Attributes | Report Details |
---|---|
Report Name | Non-Destructive Testing (NDT) Service Market |
Market Size in 2023 | USD 15.87 Billion |
Market Forecast in 2032 | USD 35.34 Billion |
Growth Rate | CAGR of 9.3% |
Number of Pages | 110 |
Key Companies Covered | Zetec, TUV Rheinland, Intertek, SGS, MISTRAS Group, TUV Nord, NDT Global, Nikon Metrology, NVI, Bureau Veritas, General Electric, Olympus Corporation, Ashtead Technology and LynX Inspection |
Segments Covered | By Type, By end-user, And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Region-wise, the non-destructive testing (NDT) service market can be divided into five main regions: Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa. The non-destructive testing (NDT) service industry in the Asia Pacific is slated to expand at a commendable rate, subject to widespread industrialization witnessed in myriad countries resulting in giant players establishing their bases in these economies to explore the untapped market potential. Apart from this, massive allocation of funds for the defense activities by the governments of India, China, and Japan are anticipated to boost the application of the NDT services in the APAC zone. Apparently, the large-scale sustainable energy trends witnessed in the region along with outdated infrastructure will create new vistas of growth for the industry over the coming years.
North American market is predicted to witness a profitable surge over the next decade with the launching of supportive legislation by the state authorities encouraging the use of NDT services. Moreover, the establishment of many oil refineries and rise in the regional production of crude oil & gas will embellish the demand for the market in the region. The technological inventions have further added towards the popularity of the NDT solutions in the region and have contributed immensely towards the economy of North America.
Nevertheless, construction of power plants in countries such as UAE and replacement of old oil driven power plants by technologically advanced ones in countries such as Saudi Arabia and Qatar will impel the business trends during the assessment period.
Some of the main players in the Non-Destructive Testing (NDT) Service Market
By Technique:
By Method:
By Service:
By Vertical:
FrequentlyAsked Questions
Implementation on stringent government regulations of product quality and safety has increased the market for non-destructive testing services across the globe. Massive urbanization in developing countries undertaking infrastructure projects has increased the demand for non-destructive testing services by giving accurate results on failure analysis and giving precise results. Non-destructive testing services are also helping to enhance lifespan of old infrastructures for residential and non-residential facilities.
According to Zion Market Research, the global Non-Destructive Testing (NDT) Service Market, estimating its value at USD 15.87 Billion in 2023, with projections indicating that it will reach USD 35.34 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 9.3% over the forecast period 2024-2032.
Asia Pacific is anticipated to grow exponentially during the forecast period due to the growing market in the infrastructure sector like urbanization and industrialization.
Some main participants of the Non-Destructive Testing (NDT) Service Market are Zetec, TUV Rheinland, Intertek, SGS, MISTRAS Group, TUV Nord, NDT Global, Nikon Metrology, Bureau Veritas, General Electric, Olympus Corporation, Ashtead Technology and LynX Inspection, among others.
RelatedNews
HappyClients
Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651
3rd Floor,
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008
US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com
We have secured system to process your transaction.
Our support available to help you 24 hours a day, five days a week.
Monday - Friday: 9AM - 6PM
Saturday - Sunday: Closed