出版：MarketsandMarkets（マーケッツアンドマーケッツ） 出版年月：2024年2月
NDT and Inspection Market – Global Forecast to 2029
非破壊検査（NDT）と点検市場 : 技術（超音波検査、目視、磁性粒子、液体浸透、渦電流、放射線写真、アコースティックエミッション）、サービス、方法、垂直、用途＆地域別 – 2029年までの世界予測
NDT and Inspection Market by Technique (Ultrasonic Testing, Visual, Magnetic Particle, Liquid Penetration, Eddy-Current, Radiographic, Acoustic Emission), Service, Method, Vertical, Application and Region – Global Forecast to 2029
| ページ数 | 306 |
| 図表数 | 255 |
| 種別 | 英文調査報告書 |
| 価格 |
Report Overview
The NDT and inspection market is expected to reach USD 18.4 billion by 2029 from USD 11.6 billion in 2024, at a CAGR of 9.6% during the 2024-2029 period.
非破壊検査（NDT）と点検市場は、2024年から2029年にかけて9.6%のCAGRで成長し、2024年の116億ドルから2029年までに184億ドルに達すると予想されています。
The adoption of NDT and inspection techniques and services is witnessing widespread acceptance globally, as they prove instrumental in evaluating various components and materials for flaw detection without causing harm. Factors such as the increasing complexity of machinery, a growing need for precise product usage specifications, stringent government regulations to ensure workforce safety, and heightened quality control requirements are pivotal in propelling the NDT and inspection equipment and services market growth. Instances of infrastructure failures, like nuclear refinery leakages and pipeline explosions, have prompted governments worldwide to enforce stringent safety regulations, contributing to the rising demand for NDT and inspection services.
Governments globally endorse using NDT and inspection technologies to manage workforce and manufacturing activities effectively. Notably, regulatory bodies, such as the American Society for Nondestructive Testing (ASNT), the American Society for Testing Material (ASTM) International, the International Organization for Standardization (ISO), and the European Committee for Standardization (CEN), play a significant role in developing and publishing industrial standards. These organizations have introduced various standards, emphasizing the importance of NDT qualification and certification, contributing to the growing prominence of NDT and inspection techniques and services.
In addition, ASTM standards, such as E703-14 for electromagnetic sorting of non-ferrous metals, E213-14e1 for ultrasonic testing of metal pipes and tubing, and E155-15 for reference radiographs for the inspection of aluminum and magnesium castings, guide inspection activities. Regulatory bodies like the Petroleum and Natural Gas Regulatory Board (PNGRB) in India and the Bureau of Ocean Energy Management (BOEM) in the US further oversee and regulate activities related to refining, processing, storage, transportation, and distribution, reinforcing the importance of NDT and inspection in ensuring compliance and safety within these sectors
“Emphasis on sustainability and eco-friendly practices leads to increase in the demand of NDT and Inspection market.”
In an era where environmental consciousness is paramount, clients are actively seeking non-destructive testing (NDT) methods and equipment with minimal ecological impact. Suppliers embracing sustainability not only address client concerns but also tap into a broader clientele base. The forefront of this movement is marked by the development of green NDT practices.
Utilizing environmentally conscious methods and cutting-edge technologies, the NDT industry is working towards a reduction in the ecological footprint of inspections. Green NDT goes beyond specific techniques; it embodies a philosophy ingrained in the entire inspection process.
Practitioners, guided by sustainability principles, make conscientious choices at every stage, from equipment design to waste disposal. This holistic approach ensures a comprehensive reduction in the environmental impact of NDT practices.
Despite the immense promise that green NDT holds, challenges persist. Developing universally accepted standards for eco-friendly techniques, managing the transition from conventional methods to sustainable alternatives, and raising awareness about the importance of such choices are ongoing endeavors.
However, the commitment of the NDT community to sustainable progress serves as a driving force in finding solutions to these challenges. As the industry strives towards greener practices, it not only contributes to environmental conservation but also sets a precedent for responsible and sustainable advancements in Non-Destructive Testing.
“Services of NDT and Inspection market is expected to have the largest market share from 2024-2029.”
NDT inspection and control technology is gaining prominence in various end-user industries due to the rise in NDT service providers and increasing demand for NDT and inspection services, particularly in the manufacturing and power generation sectors. Across industries, the adoption of NDT and inspection technology is crucial during engineering, assembly, and operational phases. The identification of discontinuities, defects, or faults in products, components, or materials is essential to enhance quality and plant reliability.
This chapter encompasses inspection services, equipment rental services, training services, and calibration services. Inspection services include magnetic particle testing, radiographic testing, Eddy-current testing, ultrasonic testing, liquid penetrant testing, and visual testing. These services prove invaluable in rectifying defective components early in the process, preventing the need to address issues at later stages. Conducting defect detection using NDT technology in the initial stages not only saves time and resources but also upholds consistent standards and product quality. Beyond averting potential calamities, it ensures the safety of workers and equipment.
Given the high costs associated with various NDT and inspection tools, purchasing them outright may not be financially viable. Consequently, the market for rental and training services is anticipated to witness significant growth.
“Inspection services of NDT and Inspection market is projected to have the largest market size in the forecast period.”
NDT inspection services leverage advanced NDT equipment to scrutinize new infrastructures and conduct proactive maintenance activities on existing structures. This technique proves invaluable in affirming the robustness of materials, identifying potential instabilities, evaluating performance, and pinpointing defective components. The spectrum of NDT inspection services primarily encompasses ultrasonic inspection, radiographic inspection, visual inspection, surface inspection, advanced Eddy-current inspection, and liquid penetrant testing. Leading the domain of NDT inspection services are prominent entities such as Olympus Corporation (Japan), Sonatest (UK), and MISTRAS Group (US). Additionally, NDT Global (UK) specializes in providing comprehensive inline inspection services (ILI) tailored for onshore and offshore pipelines globally, aligning seamlessly with the diverse requirements of their clients.
“China is expected to have the largest market share in the Asia Pacific region for NDT and Inspection from 2024-2029.”
China is poised to maintain its dominance in the Asia Pacific NDT and inspection market, holding the largest market share in the coming years. Despite having well-established in-house inspection facilities, there is a persistent high demand for NDT and inspection techniques in China, particularly within the manufacturing and oil & gas sectors. The ongoing exploration of shale gas sites in the country is anticipated to further drive the demand for NDT and inspection technology during the forecast period.
China’s government approval for the production of commercial aircraft, including large passenger planes, presents a significant opportunity for domestic manufacturing. The country is also actively engaged in designing and constructing jets, offering substantial potential for players in the NDT and inspection market. Various projects, such as the development of aircraft, nuclear power plants, and new airports, generate demand for NDT and inspection techniques, particularly from the defense and power generation industries.
The rapid infrastructural development in China emerges as a notable opportunity for the NDT and inspection market, with the automotive production sector expected to experience substantial growth in the forecast period, further boosting the demand for NDT and inspection equipment and services within the automotive vertical. China’s robust economic growth has fueled expansions in energy, infrastructure, manufacturing, construction, and transportation industries. As China solidifies its global standing, the government is adapting its NDT and inspection equipment procurement policy, especially for military and aerospace applications, to align with international standards for quality and safety. Soundwel, a key player in the country, actively contributes to the NDT and inspection market.
In October 2019, Intertek expanded its service offerings for products intended for use in hazardous locations or explosive atmospheres through a collaboration with the National Supervision and Inspection Center for Explosion Protection and Safety of Instrumentation (NEPSI) in China
The break-up of the profile of primary participants in the NDT and Inspection market-
• By Company Type: Tier 1 – 26%, Tier 2 – 32%, Tier 3 – 42%
• By Designation Type: C Level – 52%, Director Level – 23%, Others – 25%
• By Region Type: North America – 44%, Europe –29 %, Asia Pacific – 23%, RoW – 4%,
The major players in the NDT and Inspection market are General Electric (US), MISTRAS Group (US), Olympus Corporation (Japan), Ashtead Technology (Scotland), Nikon Metrology NV (UK), SGS Société Générale De Surveillance SA, (Switzerland), Magnaflux (US), Eddyfi Technologies (Canada), Sonatest (UK), Intertek Group plc (UK), Applus+ (Spain), Bureau Veritas (France), Comet Group (Switzerland), TUV Rheinland (Germany), FISCHER TECHNOLOGY INC. (US), Acuren (US), CREAFORM (Canada), Vidisco Ltd. (Israel), DEKRA (Germany), Team, Inc. (US), Labquip NDT (US), Cygnus Instruments Ltd. (UK), FPrimeC Solutions Inc. (Canada), Carestream Health (US), and Element Materials Technology (UK).
Research Coverage
The report segments the NDT and Inspection market and forecasts its size based and region. The report also provides a comprehensive review of drivers, restraints, opportunities, and challenges influencing market growth. The report also covers qualitative aspects in addition to the quantitative aspects of the market.
Reasons to buy the report:
The report will help the market leaders/new entrants in this market with information on the closest approximate revenues for the overall NDT and Inspection market and related segments. This report will help stakeholders understand the competitive landscape and gain more insights to strengthen their position in the market and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, opportunities, and challenges.
The report provides insights on the following pointers:
• Analysis of key drivers (Surge in demand for structural health monitoring of infrastructure and maintenance needs), restraints (Lack of proficient and qualified personnel for conducting NDT and inspection services), opportunities (Extensive infrastructure advancements in Asia Pacific, Europe, and South America), and challenges (Growing complexity of industrial structure and machines)
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the NDT and Inspection market
• Market Development: Comprehensive information about lucrative markets – the report analyses the NDT and Inspection market across varied regions.
• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the NDT and Inspection market
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and product offerings of leading players like SGS Société Générale De Surveillance SA (Switzerland), Intertek Group plc (UK), General Electric (US), Applus+ (Spain), and Olympus Corporation (Japan).
Table of Contents
1 INTRODUCTION 33
1.1 STUDY OBJECTIVES 33
1.2 MARKET DEFINITION 33
1.2.1 INCLUSIONS AND EXCLUSIONS 34
1.3 STUDY SCOPE 35
1.3.1 MARKETS COVERED 35
FIGURE 1 NDT AND INSPECTION MARKET SEGMENTATION 35
1.3.2 REGIONAL SCOPE 35
1.3.3 YEARS CONSIDERED 36
1.3.4 CURRENCY CONSIDERED 36
1.4 LIMITATIONS 36
1.5 STAKEHOLDERS 36
1.6 SUMMARY OF CHANGES 37
1.7 RECESSION IMPACT 37
2 RESEARCH METHODOLOGY 38
2.1 RESEARCH DATA 38
FIGURE 2 NDT AND INSPECTION MARKET: RESEARCH DESIGN 39
2.1.1 SECONDARY DATA 39
2.1.1.1 Key data from secondary sources 40
2.1.1.2 Key secondary sources 40
2.1.2 PRIMARY DATA 41
2.1.2.1 Key data from primary sources 41
2.1.2.2 Key supply-side participants for primary interviews 42
2.1.2.3 Breakdown of primary interviews 42
2.1.2.4 Key industry insights 43
2.1.3 SECONDARY AND PRIMARY RESEARCH 44
2.2 MARKET SIZE ESTIMATION 44
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE): REVENUE GENERATED BY KEY PLAYERS FROM NDT AND INSPECTION MARKET 45
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (SUPPLY SIDE): ILLUSTRATION OF REVENUE ESTIMATION OF KEY PLAYERS IN NDT AND INSPECTION MARKET 46
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 3 (DEMAND SIDE) —BOTTOM-UP ESTIMATION OF NDT AND INSPECTION MARKET BASED ON REGION 47
2.2.1 BOTTOM-UP APPROACH 47
2.2.1.1 Approach to derive market size using bottom-up analysis 47
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 47
2.2.2 TOP-DOWN APPROACH 48
2.2.2.1 Approach to derive market size using top-down analysis 48
FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 48
2.3 MARKET SHARE ESTIMATION 48
2.4 DATA TRIANGULATION 49
FIGURE 8 DATA TRIANGULATION 49
2.5 RISK ASSESSMENT 50
TABLE 1 RISK ASSESSMENT 50
2.6 PARAMETERS CONSIDERED TO ANALYZE IMPACT OF RECESSION ON NDT AND INSPECTION MARKET 50
2.7 RESEARCH ASSUMPTIONS 51
2.8 RESEARCH LIMITATIONS 51
3 EXECUTIVE SUMMARY 52
3.1 IMPACT OF RECESSION 53
FIGURE 9 NDT AND INSPECTION MARKET: IMPACT OF RECESSION 53
FIGURE 10 SERVICE SEGMENT TO HOLD LARGEST MARKET SHARE IN 2029 53
FIGURE 11 ULTRASONIC TESTING (UT) SEGMENT TO HOLD LARGEST MARKET SHARE IN 2024 54
FIGURE 12 POWER SEGMENT TO HOLD LARGEST MARKET SHARE IN 2029 55
FIGURE 13 ASIA PACIFIC NDT AND INSPECTION MARKET TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 56
4 PREMIUM INSIGHTS 57
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN NDT AND INSPECTION MARKET 57
FIGURE 14 INCREASED DEMAND FOR STRUCTURAL HEALTH MONITORING AND MAINTENANCE OF INFRASTRUCTURE TO CREATE LUCRATIVE OPPORTUNITIES FOR MARKET PLAYERS 57
4.2 NDT AND INSPECTION MARKET, BY SERVICE 57
FIGURE 15 INSPECTION SERVICES SEGMENT TO ACCOUNT FOR LARGEST SHARE OF NDT AND INSPECTION MARKET IN 2024 57
4.3 NDT AND INSPECTION MARKET, BY METHOD 58
FIGURE 16 VOLUMETRIC INSPECTION SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 58
4.4 NDT AND INSPECTION MARKET, BY REGION 58
FIGURE 17 INDIAN NDT AND INSPECTION MARKET TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 58
5 MARKET OVERVIEW 59
5.1 INTRODUCTION 59
5.2 MARKET DYNAMICS 59
FIGURE 18 NDT AND INSPECTION MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 59
5.2.1 DRIVERS 60
5.2.1.1 Implementation of stringent safety regulations to ensure public safety and product quality 60
5.2.1.2 Increased adoption in electronics, automation, and robotics industries to extend equipment lifespan, enhance production efficiency, and improve product quality 60
5.2.1.3 Growing use of AI and IoT technologies in NDT and inspection 61
5.2.1.4 Increased demand for structural health monitoring and maintenance of infrastructure 61
5.2.1.5 Adoption of flexible pricing models by testing solution providers 62
FIGURE 19 NDT AND INSPECTION MARKET: IMPACT ANALYSIS OF DRIVERS 62
5.2.2 RESTRAINTS 63
5.2.2.1 Lack of skilled technicians for conducting NDT and inspection 63
5.2.2.2 High cost of NDT equipment and related technologies 63
FIGURE 20 NDT AND INSPECTION MARKET: IMPACT ANALYSIS OF RESTRAINTS 63
5.2.3 OPPORTUNITIES 64
5.2.3.1 Extensive infrastructure development in Asia Pacific, Europe, and South America 64
5.2.3.2 Growing demand for NDT and inspection services in power industry 64
5.2.3.3 Advancements in NDT and inspection techniques and emergence of new technologies 64
5.2.3.4 Growing demand for miniaturized and portable NDT devices 65
5.2.3.5 Growing emphasis on sustainability and eco-friendly practices 65
FIGURE 21 NDT AND INSPECTION MARKET: IMPACT ANALYSIS OF OPPORTUNITIES 66
5.2.4 CHALLENGES 66
5.2.4.1 Growing complexity of industrial structures and machines 66
5.2.4.2 High replacement costs associated with automated NDT and inspection equipment 67
FIGURE 22 NDT AND INSPECTION MARKET: IMPACT ANALYSIS OF CHALLENGES 67
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 67
FIGURE 23 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 68
5.4 PRICING ANALYSIS 68
5.4.1 AVERAGE SELLING PRICE (ASP) OF ULTRASONIC TESTING TECHNIQUES OFFERED BY KEY PLAYER 68
FIGURE 24 AVERAGE SELLING PRICE (ASP) OF ULTRASONIC TESTING TECHNIQUES OFFERED BY KEY PLAYER, 2023 (USD) 68
TABLE 2 AVERAGE SELLING PRICE (ASP) OF ULTRASONIC TESTING TECHNIQUES OFFERED BY KEY PLAYER, 2023 (USD) 69
5.4.2 INDICATIVE PRICING OF PORTABLE FLOW DETECTORS USED IN ULTRASONIC TESTING, BY REGION 69
TABLE 3 INDICATIVE PRICING OF PORTABLE FLOW DETECTORS USED IN ULTRASONIC TESTING, BY REGION, 2023 (USD) 69
5.5 SUPPLY CHAIN ANALYSIS 69
FIGURE 25 NDT AND INSPECTION MARKET: SUPPLY CHAIN ANALYSIS 70
5.5.1 RAW MATERIAL PROVIDERS 70
5.5.2 COMPONENT SUPPLIERS 70
5.5.3 EQUIPMENT DESIGNERS AND MANUFACTURERS 70
5.5.4 SALES EXECUTIVES AND DISTRIBUTORS, SERVICE PROVIDERS, AND VERTICALS 71
5.6 ECOSYSTEM MAPPING 71
TABLE 4 COMPANIES AND THEIR ROLES IN NDT AND INSPECTION ECOSYSTEM 71
FIGURE 26 NDT AND INSPECTION MARKET: ECOSYSTEM MAPPING 72
5.7 TECHNOLOGY ANALYSIS 72
5.7.1 TRENDS AND TECHNOLOGIES SHAPING NDT AND INSPECTION MARKET 73
5.7.1.1 Green NDT 73
5.7.1.2 Drone inspection 73
5.7.1.3 Real-time NDT for predictive maintenance with IoT integration 73
5.7.1.4 Use of Artificial Intelligence (AI) for defect detection 73
5.8 PATENT ANALYSIS 74
5.8.1 DOCUMENT TYPE 74
TABLE 5 PATENTS FILED AND GRANTED 74
FIGURE 27 PATENTS APPLIED AND GRANTED, 2014–2023 74
5.8.2 PUBLICATION TREND 75
FIGURE 28 NUMBER OF PATENTS PUBLISHED PER YEAR, 2014–2023 75
5.8.3 JURISDICTION ANALYSIS 75
FIGURE 29 JURISDICTION ANALYSIS, 2013–2022 75
5.8.4 TOP PATENT OWNERS 76
FIGURE 30 TOP 10 PATENT OWNERS, 2014–2023 76
TABLE 6 TOP 20 PUBLISHED PATENT OWNERS IN LAST 10 YEARS 76
TABLE 7 NDT AND INSPECTION MARKET: LIST OF MAJOR PATENTS, 2022–2023 77
5.9 TRADE DATA ANALYSIS 78
FIGURE 31 COUNTRY-WISE EXPORT DATA FOR HS CODE 9013-COMPLIANT PRODUCTS, 2018–2022 (%) 78
TABLE 8 EXPORT DATA FOR HS CODE 9013-COMPLIANT PRODUCTS, BY COUNTRY, 2018–2022 (USD THOUSAND) 79
FIGURE 32 COUNTRY-WISE IMPORT DATA FOR HS CODE 9013-COMPLIANT PRODUCTS, 2018–2022 (%) 79
TABLE 9 IMPORT SCENARIO FOR HS CODE 9013-COMPLIANT PRODUCTS, BY COUNTRY, 2018–2022 (USD THOUSAND) 80
5.10 KEY CONFERENCES AND EVENTS, 2023–2024 80
TABLE 10 NDT AND INSPECTION MARKET: KEY CONFERENCES AND EVENTS, 2023–2024 80
5.11 CASE STUDY ANALYSIS 81
5.11.1 PIPELINE OPERATOR ENHANCED PIPELINE INTEGRITY BY DEPLOYING ADVANCED INSPECTION TECHNOLOGIES BY NDT GLOBAL 81
5.11.2 INSPECTION INNERSPEC TECHNOLOGIES INC. INTRODUCED INNOVATIVE NDT TECHNOLOGIES FOR INSPECTION AND MONITORING OF BOLT LOAD IN SERVICE 82
5.11.3 NDT GLOBAL REVOLUTIONIZED NGL PIPELINE INSPECTION WITH ADVANCED ULTRASONIC CRACK DETECTION TECHNOLOGY 82
5.12 TARIFF AND REGULATORY LANDSCAPE 83
TABLE 11 MFN TARIFF LEVIED ON HS CODE 903190-COMPLIANT PRODUCTS EXPORTED BY GERMANY, 2023 83
5.12.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 83
TABLE 12 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 83
TABLE 13 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 85
TABLE 14 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 85
TABLE 15 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 86
5.13 PORTER’S FIVE FORCES ANALYSIS 87
FIGURE 33 NDT AND INSPECTION MARKET: PORTER’S FIVE FORCES ANALYSIS 87
TABLE 16 NDT AND INSPECTION MARKET: PORTER’S FIVE FORCES ANALYSIS 88
5.13.1 INTENSITY OF COMPETITIVE RIVALRY 88
5.13.2 THREAT OF NEW ENTRANTS 88
5.13.3 THREAT OF SUBSTITUTES 89
5.13.4 BARGAINING POWER OF BUYERS 89
5.13.5 BARGAINING POWER OF SUPPLIERS 89
5.14 KEY STAKEHOLDERS AND BUYING CRITERIA 89
5.14.1 KEY STAKEHOLDERS IN BUYING PROCESS 89
FIGURE 34 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY VERTICAL 89
TABLE 17 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY VERTICAL (%) 90
5.14.2 BUYING CRITERIA 90
FIGURE 35 KEY BUYING CRITERIA, BY VERTICAL 90
TABLE 18 KEY BUYING CRITERIA, BY VERTICAL 90
6 NDT AND INSPECTION MARKET, BY TECHNIQUE 91
6.1 INTRODUCTION 92
FIGURE 36 ULTRASONIC TESTING (UT) SEGMENT TO ACCOUNT FOR LARGEST SHARE OF NDT AND INSPECTION MARKET IN 2029 93
TABLE 19 NDT AND INSPECTION MARKET, BY TECHNIQUE, 2020–2023 (USD MILLION) 93
TABLE 20 NDT AND INSPECTION MARKET, BY TECHNIQUE, 2024–2029 (USD MILLION) 94
TABLE 21 TECHNIQUE: NDT AND INSPECTION MARKET, BY VERTICAL, 2020–2023 (USD MILLION) 95
TABLE 22 TECHNIQUE: NDT AND INSPECTION MARKET, BY VERTICAL, 2024–2029 (USD MILLION) 95
TABLE 23 TECHNIQUE: NDT AND INSPECTION MARKET, BY REGION, 2020–2023 (USD MILLION) 95
TABLE 24 TECHNIQUE: NDT AND INSPECTION MARKET, BY REGION, 2024–2029 (USD MILLION) 96
TABLE 25 MANUFACTURING: NDT AND INSPECTION MARKET FOR TECHNIQUE, BY REGION, 2020–2023 (USD MILLION) 96
TABLE 26 MANUFACTURING: NDT AND INSPECTION MARKET FOR TECHNIQUE, BY REGION, 2024–2029 (USD MILLION) 96
TABLE 27 OIL & GAS: NDT AND INSPECTION MARKET FOR TECHNIQUE, BY REGION, 2020–2023 (USD MILLION) 97
TABLE 28 OIL & GAS: NDT AND INSPECTION MARKET FOR TECHNIQUE, BY REGION, 2024–2029 (USD MILLION) 97
TABLE 29 AEROSPACE: NDT AND INSPECTION MARKET FOR TECHNIQUE, BY REGION, 2020–2023 (USD MILLION) 97
TABLE 30 AEROSPACE: NDT AND INSPECTION MARKET FOR TECHNIQUE, BY REGION, 2024–2029 (USD MILLION) 98
TABLE 31 PUBLIC INFRASTRUCTURE: NDT AND INSPECTION MARKET FOR TECHNIQUE, BY REGION, 2020–2023 (USD MILLION) 98
TABLE 32 PUBLIC INFRASTRUCTURE: NDT AND INSPECTION MARKET FOR TECHNIQUE, BY REGION, 2024–2029 (USD MILLION) 98
TABLE 33 AUTOMOTIVE: NDT AND INSPECTION MARKET FOR TECHNIQUE, BY REGION, 2020–2023 (USD MILLION) 99
TABLE 34 AUTOMOTIVE: NDT AND INSPECTION MARKET FOR TECHNIQUE, BY REGION, 2024–2029 (USD MILLION) 99
TABLE 35 POWER: NDT AND INSPECTION MARKET FOR TECHNIQUE, BY REGION, 2020–2023 (USD MILLION) 99
TABLE 36 POWER: NDT AND INSPECTION MARKET FOR TECHNIQUE, BY REGION, 2024–2029 (USD MILLION) 100
TABLE 37 OTHER VERTICALS: NDT AND INSPECTION MARKET FOR TECHNIQUE, BY REGION, 2020–2023 (USD MILLION) 100
TABLE 38 OTHER VERTICALS: NDT AND INSPECTION MARKET FOR TECHNIQUE, BY REGION, 2024–2029 (USD MILLION) 100
6.2 ULTRASONIC TESTING (UT) 101
6.2.1 RISING USE IN VARIOUS INDUSTRIES TO HARNESS HIGH-FREQUENCY SOUND WAVES FOR MATERIAL INSPECTION AND THICKNESS MEASUREMENT TO DRIVE MARKET 101
6.2.2 STRAIGHT BEAM TESTING 102
6.2.3 ANGLE BEAM TESTING 102
6.2.4 IMMERSION TESTING 102
6.2.5 PHASED ARRAY TESTING 103
6.2.6 TIME-OF-FLIGHT DIFFRACTION (TOFD) 103
6.2.7 GUIDED WAVE TESTING 104
TABLE 39 ULTRASONIC TESTING: NDT AND INSPECTION MARKET, BY VERTICAL, 2020–2023 (USD MILLION) 105
TABLE 40 ULTRASONIC TESTING: NDT AND INSPECTION MARKET, BY VERTICAL, 2024–2029 (USD MILLION) 105
6.3 VISUAL TESTING (VT) 106
6.3.1 GROWING ADOPTION FOR SURFACE EVALUATION AND ANALYSIS OF COMPONENTS, MATERIALS, AND STRUCTURES TO DRIVE MARKET 106
6.3.2 GENERAL VISUAL INSPECTION 106
6.3.3 AIDED VISUAL INSPECTION 106
6.3.4 BORESCOPES 107
6.3.5 ENDOSCOPES 107
6.3.6 VIDEOSCOPES 107
TABLE 41 VISUAL TESTING: NDT AND INSPECTION MARKET, BY VERTICAL, 2020–2023 (USD MILLION) 108
TABLE 42 VISUAL TESTING: NDT AND INSPECTION MARKET, BY VERTICAL, 2024–2029 (USD MILLION) 108
6.4 MAGNETIC PARTICLE TESTING (MPT) 109
6.4.1 INCREASING DEMAND IN UNDERWATER INSPECTIONS TO DRIVE MARKET 109
TABLE 43 MAGNETIC PARTICLE TESTING: NDT AND INSPECTION MARKET, BY VERTICAL, 2020–2023 (USD MILLION) 110
TABLE 44 MAGNETIC PARTICLE TESTING: NDT AND INSPECTION MARKET, BY VERTICAL, 2024–2029 (USD MILLION) 110
6.5 LIQUID PENETRANT TESTING (LPT) 111
6.5.1 GROWING NEED FOR LIQUID PENETRANT TESTING OF DIVERSE MATERIALS TO DRIVE MARKET 111
TABLE 45 LIQUID PENETRANT TESTING: NDT AND INSPECTION MARKET, BY VERTICAL, 2020–2023 (USD MILLION) 111
TABLE 46 LIQUID PENETRANT TESTING: NDT AND INSPECTION MARKET, BY VERTICAL, 2024–2029 (USD MILLION) 112
6.6 EDDY-CURRENT TESTING (ECT) 112
6.6.1 HIGH USE FOR MATERIAL ANALYSIS IN AEROSPACE AND MANUFACTURING VERTICALS TO FUEL MARKET GROWTH 112
6.6.2 ALTERNATING CURRENT FIELD MEASUREMENT (ACFM) 113
6.6.3 REMOTE FIELD TESTING (RFT) 113
6.6.4 EDDY-CURRENT ARRAY (ECA) 113
TABLE 47 EDDY-CURRENT ARRAY: NDT AND INSPECTION MARKET, BY VERTICAL, 2020–2023 (USD MILLION) 114
TABLE 48 EDDY-CURRENT ARRAY: NDT AND INSPECTION MARKET, BY VERTICAL, 2024–2029 (USD MILLION) 114
6.7 RADIOGRAPHIC TESTING (RT) 115
6.7.1 INCREASING USE TO IDENTIFY SURFACE AND INTERNAL IRREGULARITIES TO DRIVE MARKET 115
6.7.2 X-RAY TESTING 115
6.7.3 GAMMA RAY TESTING 116
6.7.4 COMPUTED RADIOGRAPHY 116
6.7.5 FILM RADIOGRAPHY 117
6.7.6 DIRECT RADIOGRAPHY (REAL TIME) 117
TABLE 49 RADIOGRAPHIC TESTING: NDT AND INSPECTION MARKET, BY VERTICAL, 2020–2023 (USD MILLION) 117
TABLE 50 RADIOGRAPHIC TESTING: NDT AND INSPECTION MARKET, BY VERTICAL, 2024–2029 (USD MILLION) 118
6.8 ACOUSTIC EMISSION TESTING (AET) 118
6.8.1 GROWING DEMAND IN METALS INDUSTRY TO FUEL MARKET GROWTH 118
TABLE 51 ACOUSTIC EMISSION TESTING: NDT AND INSPECTION MARKET, BY VERTICAL, 2020–2023 (USD MILLION) 119
TABLE 52 ACOUSTIC EMISSION TESTING: NDT AND INSPECTION MARKET, BY VERTICAL, 2024–2029 (USD MILLION) 119
6.9 OTHER TECHNIQUES 120
6.9.1 TERAHERTZ IMAGING 120
TABLE 53 APPLICATIONS OF TERAHERTZ IMAGING, BY INDUSTRY 120
6.9.2 NEAR-INFRARED SPECTROSCOPY 121
TABLE 54 APPLICATIONS OF NEAR-INFRARED SPECTROSCOPY, BY INDUSTRY 121
TABLE 55 OTHER TECHNIQUES: NDT AND INSPECTION MARKET, BY VERTICAL, 2020–2023 (USD MILLION) 121
TABLE 56 OTHER TECHNIQUES: NDT AND INSPECTION MARKET, BY VERTICAL, 2024–2029 (USD MILLION) 122
7 NDT AND INSPECTION MARKET, BY SERVICE 123
7.1 INTRODUCTION 124
FIGURE 37 INSPECTION SERVICES SEGMENT TO ACCOUNT FOR LARGEST SHARE OF NDT AND INSPECTION MARKET IN 2029 124
TABLE 57 NDT AND INSPECTION MARKET, BY SERVICE, 2020–2023 (USD MILLION) 124
TABLE 58 NDT AND INSPECTION MARKET, BY SERVICE, 2024–2029 (USD MILLION) 125
TABLE 59 SERVICE: NDT AND INSPECTION MARKET, BY VERTICAL, 2020–2023 (USD MILLION) 125
TABLE 60 SERVICE: NDT AND INSPECTION MARKET, BY VERTICAL, 2024–2029 (USD MILLION) 126
TABLE 61 SERVICE: NDT AND INSPECTION MARKET, BY REGION, 2020–2023 (USD MILLION) 126
TABLE 62 SERVICE: NDT AND INSPECTION MARKET, BY REGION, 2024–2029 (USD MILLION) 126
TABLE 63 MANUFACTURING: NDT AND INSPECTION MARKET FOR SERVICE, BY REGION, 2020–2023 (USD MILLION) 127
TABLE 64 MANUFACTURING: NDT AND INSPECTION MARKET FOR SERVICE, BY REGION, 2024–2029 (USD MILLION) 127
TABLE 65 OIL & GAS: NDT AND INSPECTION MARKET FOR SERVICE, BY REGION, 2020–2023 (USD MILLION) 127
TABLE 66 OIL & GAS: NDT AND INSPECTION MARKET FOR SERVICE, BY REGION, 2024–2029 (USD MILLION) 128
TABLE 67 AEROSPACE: NDT AND INSPECTION MARKET FOR SERVICE, BY REGION, 2020–2023 (USD MILLION) 128
TABLE 68 AEROSPACE: NDT AND INSPECTION MARKET FOR SERVICE, BY REGION, 2024–2029 (USD MILLION) 128
TABLE 69 PUBLIC INFRASTRUCTURE: NDT AND INSPECTION MARKET FOR SERVICE, BY REGION, 2020–2023 (USD MILLION) 129
TABLE 70 PUBLIC INFRASTRUCTURE: NDT AND INSPECTION MARKET FOR SERVICE, BY REGION, 2024–2029 (USD MILLION) 129
TABLE 71 AUTOMOTIVE: NDT AND INSPECTION MARKET FOR SERVICE, BY REGION, 2020–2023 (USD MILLION) 129
TABLE 72 AUTOMOTIVE: NDT AND INSPECTION MARKET FOR SERVICE, BY REGION, 2024–2029 (USD MILLION) 130
TABLE 73 POWER: NDT AND INSPECTION MARKET FOR SERVICE, BY REGION, 2020–2023 (USD MILLION) 130
TABLE 74 POWER: NDT AND INSPECTION MARKET FOR SERVICE, BY REGION, 2024–2029 (USD MILLION) 130
TABLE 75 OTHER VERTICALS: NDT AND INSPECTION MARKET FOR SERVICE, BY REGION, 2020–2023 (USD MILLION) 131
TABLE 76 OTHER VERTICALS: NDT AND INSPECTION MARKET FOR SERVICE, BY REGION, 2024–2029 (USD MILLION) 131
7.2 INSPECTION SERVICES 131
7.2.1 GROWING NEED TO ENHANCE INFRASTRUCTURE INTEGRITY THROUGH ADVANCED NDT INSPECTION SERVICES TO DRIVE MARKET 131
7.2.2 ULTRASONIC INSPECTION 132
7.2.3 RADIOGRAPHIC INSPECTION 132
7.2.4 VISUAL INSPECTION 133
7.2.5 MAGNETIC PARTICLE INSPECTION 133
7.2.6 ADVANCED EDDY-CURRENT INSPECTION 134
7.2.7 LIQUID PENETRANT INSPECTION 134
TABLE 77 INSPECTION SERVICES: NDT AND INSPECTION MARKET, BY VERTICAL, 2020–2023 (USD MILLION) 134
TABLE 78 INSPECTION SERVICES: NDT AND INSPECTION MARKET, BY VERTICAL, 2024–2029 (USD MILLION) 135
7.3 EQUIPMENT RENTAL SERVICES 135
7.3.1 FINANCIAL, TECHNICAL, AND OPERATIONAL ADVANTAGES ASSOCIATED WITH EQUIPMENT RENTAL SERVICES TO DRIVE DEMAND 135
TABLE 79 EQUIPMENT RENTAL SERVICES: NDT AND INSPECTION MARKET, BY VERTICAL, 2020–2023 (USD MILLION) 136
TABLE 80 EQUIPMENT RENTAL SERVICES: NDT AND INSPECTION MARKET, BY VERTICAL, 2024–2029 (USD MILLION) 136
7.4 CALIBRATION SERVICES 137
7.4.1 INCREASING DEMAND FOR PRECISE TESTING EQUIPMENT TO FUEL MARKET GROWTH 137
TABLE 81 CALIBRATION SERVICES: NDT AND INSPECTION MARKET, BY VERTICAL, 2020–2023 (USD MILLION) 137
TABLE 82 CALIBRATION SERVICES: NDT AND INSPECTION MARKET, BY VERTICAL, 2024–2029 (USD MILLION) 138
7.5 TRAINING SERVICES 138
7.5.1 INCREASED NEED FOR HIGHLY SKILLED TECHNICAL PROFESSIONALS TO DRIVE DEMAND 138
TABLE 83 TRAINING SERVICES: NDT AND INSPECTION MARKET, BY VERTICAL, 2020–2023 (USD MILLION) 139
TABLE 84 TRAINING SERVICES: NDT AND INSPECTION MARKET, BY VERTICAL, 2024–2029 (USD MILLION) 139
8 NDT AND INSPECTION MARKET, BY METHOD 140
8.1 INTRODUCTION 141
FIGURE 38 VOLUMETRIC INSPECTION SEGMENT TO LEAD NDT AND INSPECTION MARKET FROM 2024 TO 2029 141
TABLE 85 NDT AND INSPECTION MARKET, BY METHOD, 2020–2023 (USD MILLION) 141
TABLE 86 NDT AND INSPECTION MARKET, BY METHOD, 2024–2029 (USD MILLION) 142
8.2 VISUAL INSPECTION 142
8.2.1 RISE IN USE OF VISUAL INSPECTION AS ECONOMICAL SURFACE INSPECTION METHOD TO DRIVE MARKET 142
8.3 SURFACE INSPECTION 143
8.3.1 IMPLEMENTATION OF SURFACE INSPECTION TECHNIQUE TO IDENTIFY CRACKS AND DISCONTINUITIES ON COMPONENT SURFACES TO FUEL MARKET GROWTH 143
8.4 VOLUMETRIC INSPECTION 143
8.4.1 NEED TO ASSESS STRUCTURAL INTEGRITY OF COMPONENTS TO DRIVE DEMAND 143
8.5 OTHER METHODS 144
9 NDT AND INSPECTION MARKET, BY VERTICAL 145
9.1 INTRODUCTION 146
TABLE 87 NDT AND INSPECTION REQUIREMENTS OF DIFFERENT VERTICALS 146
FIGURE 39 POWER SEGMENT TO HOLD LARGEST MARKET SHARE IN 2024 147
TABLE 88 NDT AND INSPECTION MARKET, BY VERTICAL, 2020–2023 (USD MILLION) 148
TABLE 89 NDT AND INSPECTION MARKET, BY VERTICAL, 2024–2029 (USD MILLION) 148
9.2 MANUFACTURING 149
9.2.1 INCREASED DEMAND FOR NDT AND INSPECTION TECHNIQUES TO ENSURE CONTINUOUS AND SECURE OPERATION OF VARIOUS EQUIPMENT TO DRIVE MARKET 149
9.2.2 ADVANCED NDT AND INSPECTION TECHNIQUES USED IN MANUFACTURING VERTICAL 150
9.2.2.1 Electromagnetic acoustic transducer (EMAT) technique 150
TABLE 90 MANUFACTURING: NDT AND INSPECTION MARKET, BY TECHNIQUE AND SERVICE, 2020–2023 (USD MILLION) 150
TABLE 91 MANUFACTURING: NDT AND INSPECTION MARKET, BY TECHNIQUE AND SERVICE, 2024–2029 (USD MILLION) 150
TABLE 92 MANUFACTURING: NDT AND INSPECTION MARKET, BY REGION, 2020–2023 (USD MILLION) 150
TABLE 93 MANUFACTURING: NDT AND INSPECTION MARKET, BY REGION, 2024–2029 (USD MILLION) 151
9.3 OIL & GAS 151
9.3.1 INCREASING DEMAND FOR NDT AND INSPECTION SERVICES TO MONITOR PIPELINES, STORAGE TANKS, AND REFINING EQUIPMENT TO BOOST MARKET GROWTH 151
9.3.2 REFINERIES 152
9.3.3 TRANSMISSION PIPELINES 152
9.3.4 SUBSEA PIPELINES 153
9.3.5 STORAGE TANKS 153
9.3.6 ADVANCED NDT TECHNIQUES USED IN OIL & GAS VERTICAL 154
9.3.6.1 Long-range ultrasonic technique (LRUT) 154
9.3.6.2 Positive metal identification technique 154
TABLE 94 OIL & GAS: NDT AND INSPECTION MARKET, BY TECHNIQUE AND SERVICE, 2020–2023 (USD MILLION) 154
TABLE 95 OIL & GAS: NDT AND INSPECTION MARKET, BY TECHNIQUE AND SERVICE, 2024–2029 (USD MILLION) 154
TABLE 96 OIL & GAS: NDT AND INSPECTION MARKET, BY REGION, 2020–2023 (USD MILLION) 155
TABLE 97 OIL & GAS: NDT AND INSPECTION MARKET, BY REGION, 2024–2029 (USD MILLION) 155
9.4 AEROSPACE 155
9.4.1 GROWING USE OF NDT AND INSPECTION TO DETECT AND PREVENT FLAWS IN AIRCRAFT COMPONENTS TO DRIVE MARKET 155
TABLE 98 APPLICATIONS OF NDT AND INSPECTION TECHNIQUES IN AEROSPACE VERTICAL 156
TABLE 99 NDT AND INSPECTION METHODS USED IN AEROSPACE VERTICAL 156
9.4.2 AIRCRAFT ENGINE PART PRODUCTION 157
9.4.3 COMPOSITE AIRFRAME MANUFACTURING 157
9.4.4 AIRCRAFT MAINTENANCE 157
TABLE 100 ESSENTIAL NDT AND INSPECTION TECHNIQUES FOR AIRCRAFT MAINTENANCE 158
9.4.5 MATERIAL ANALYSIS 158
9.4.6 ADVANCED NDT AND INSPECTION TECHNIQUES USED IN AEROSPACE VERTICAL 159
9.4.6.1 Dynamic thermography 159
9.4.6.2 Air-coupled ultrasound 159
9.4.6.3 Dynamic interferometry 159
TABLE 101 AEROSPACE: NDT AND INSPECTION MARKET, BY TECHNIQUE AND SERVICE, 2020–2023 (USD MILLION) 159
TABLE 102 AEROSPACE: NDT AND INSPECTION MARKET, BY TECHNIQUE AND SERVICE, 2024–2029 (USD MILLION) 159
TABLE 103 AEROSPACE: NDT AND INSPECTION MARKET, BY REGION, 2020–2023 (USD MILLION) 160
TABLE 104 AEROSPACE: NDT AND INSPECTION MARKET, BY REGION, 2024–2029 (USD MILLION) 160
9.5 PUBLIC INFRASTRUCTURE 160
9.5.1 GROWING USE OF NDT AND INSPECTION TECHNIQUES TO ENSURE INFRASTRUCTURE SAFETY TO DRIVE MARKET 160
9.5.2 MILITARY & DEFENSE 161
9.5.3 AIRPORT SECURITY 161
9.5.4 RAILWAYS 162
9.5.5 BRIDGES AND TUNNELS 162
9.5.6 BORDER CROSSING 163
9.5.7 NUCLEAR WASTE STORAGE AND DECOMMISSIONING 163
9.5.8 ADVANCED NDT AND INSPECTION TECHNIQUES USED IN PUBLIC INFRASTRUCTURE VERTICAL 163
9.5.8.1 Impact echo 163
9.5.8.2 Ground penetrating radars (GPRs) 163
TABLE 105 PUBLIC INFRASTRUCTURE: NDT AND INSPECTION MARKET, BY TECHNIQUE AND SERVICE, 2020–2023 (USD MILLION) 164
TABLE 106 PUBLIC INFRASTRUCTURE: NDT AND INSPECTION MARKET, BY TECHNIQUE AND SERVICE, 2024–2029 (USD MILLION) 164
TABLE 107 PUBLIC INFRASTRUCTURE: NDT AND INSPECTION MARKET, BY REGION, 2020–2023 (USD MILLION) 164
TABLE 108 PUBLIC INFRASTRUCTURE: NDT AND INSPECTION MARKET, BY REGION, 2024–2029 (USD MILLION) 164
9.6 AUTOMOTIVE 165
9.6.1 ADOPTION OF NDT AND INSPECTION TECHNIQUES TO ENSURE SAFETY AND QUALITY OF AUTOMOBILE COMPONENTS DURING MANUFACTURING PROCESS TO FUEL MARKET GROWTH 165
TABLE 109 ADVANTAGES OF USING DIFFERENT NDT AND INSPECTION TECHNOLOGIES IN AUTOMOTIVE VERTICAL 166
9.6.2 ADVANCED NDT AND INSPECTION TECHNIQUES USED IN AUTOMOTIVE VERTICAL 167
9.6.2.1 High-energy digital radiography 167
TABLE 110 AUTOMOTIVE: NDT AND INSPECTION MARKET, BY TECHNIQUE AND SERVICE, 2020–2023 (USD MILLION) 167
TABLE 111 AUTOMOTIVE: NDT AND INSPECTION MARKET, BY TECHNIQUE AND SERVICE, 2024–2029 (USD MILLION) 168
TABLE 112 AUTOMOTIVE: NDT AND INSPECTION MARKET, BY REGION, 2020–2023 (USD MILLION) 168
TABLE 113 AUTOMOTIVE: NDT AND INSPECTION MARKET, BY REGION, 2024–2029 (USD MILLION) 168
9.7 POWER 169
9.7.1 USE OF NDT TO IDENTIFY STRUCTURAL DEFECTS AND ENSURE OPERATIONAL RELIABILITY TO BOOST MARKET GROWTH 169
9.7.2 NUCLEAR POWER PLANTS 169
TABLE 114 APPLICATIONS OF NDT AND INSPECTION TECHNIQUES IN NUCLEAR POWER PLANTS 170
9.7.3 WIND TURBINES 170
9.7.4 SOLAR POWER 171
9.7.5 FOSSIL FUEL ENERGY PLANTS 171
9.7.6 ADVANCED NDT AND INSPECTION TECHNIQUES USED IN POWER VERTICAL 171
9.7.6.1 Galvano static pulse measurement 171
9.7.6.2 Ultrasonic pulse echo testing 171
TABLE 115 POWER: NDT AND INSPECTION MARKET, BY TECHNIQUE AND SERVICE, 2020–2023 (USD MILLION) 172
TABLE 116 POWER: NDT AND INSPECTION MARKET, BY TECHNIQUE AND SERVICE, 2024–2029 (USD MILLION) 172
TABLE 117 POWER: NDT AND INSPECTION MARKET, BY REGION, 2020–2023 (USD MILLION) 172
TABLE 118 POWER: NDT AND INSPECTION MARKET, BY REGION, 2024–2029 (USD MILLION) 172
9.8 OTHER VERTICALS 173
9.8.1 MARINE 173
9.8.2 MEDICAL & HEALTHCARE 173
9.8.3 PLASTICS & POLYMERS 174
TABLE 119 OTHER VERTICALS: NDT AND INSPECTION MARKET, BY TECHNIQUE AND SERVICE, 2020–2023 (USD MILLION) 174
TABLE 120 OTHER VERTICALS: NDT AND INSPECTION MARKET, BY TECHNIQUE AND SERVICE, 2024–2029 (USD MILLION) 175
TABLE 121 OTHER VERTICALS: NDT AND INSPECTION MARKET, BY REGION, 2020–2023 (USD MILLION) 175
TABLE 122 OTHER VERTICALS: NDT AND INSPECTION MARKET, BY REGION, 2024–2029 (USD MILLION) 175
10 NDT AND INSPECTION MARKET, BY APPLICATION 176
10.1 INTRODUCTION 176
FIGURE 40 KEY APPLICATIONS OF NDT AND INSPECTION TECHNIQUES 176
10.2 FLAW DETECTION 176
10.2.1 INCREASING SIGNIFICANCE OF FLAW DETECTION FOR QUALITY CONTROL IN INDUSTRIAL INSPECTIONS TO DRIVE DEMAND 176
TABLE 123 DIFFERENT TYPES OF ULTRASONIC TRANSDUCERS USED IN FLAW DETECTION 177
10.3 STRESS AND STRUCTURE ANALYSIS 177
10.3.1 RISING IMPORTANCE OF STRESS AND STRUCTURAL ANALYSIS TO IDENTIFY DEFECTS WITHIN STRUCTURE OF TEST OBJECTS TO DRIVE MARKET 177
TABLE 124 NDT TECHNIQUES TO DETECT STRUCTURAL DAMAGES 178
10.4 LEAK DETECTION 178
10.4.1 ENHANCEMENT OF PIPELINE RELIABILITY USING ADVANCED LEAK DETECTION SYSTEMS TO DRIVE MARKET 178
TABLE 125 LEAK TESTING TECHNIQUES 178
10.5 DIMENSIONAL MEASUREMENT 179
10.5.1 USE OF DIMENSIONAL MEASUREMENT FOR OBJECT ASSESSMENT AND INSPECTION TO DRIVE MARKET 179
TABLE 126 DIMENSIONAL MEASUREMENT TECHNIQUES 179
TABLE 127 OBJECTIVES OF DIMENSIONAL MEASUREMENTS 180
10.6 PHYSICAL PROPERTIES ESTIMATION 180
10.6.1 ADOPTION OF NDT AND INSPECTION TO ASSESS PHYSICAL PROPERTIES OF TESTED OBJECTS TO DRIVE MARKET 180
10.7 WELD VERIFICATION 181
10.7.1 NEED TO ENSURE QUALITY OF WELD IN SEVERE LOADING CONDITIONS TO DRIVE DEMAND 181
10.8 CHEMICAL COMPOSITION DETERMINATION 182
10.8.1 USE OF CHEMICAL COMPOSITION EXAMINATION IN MANUFACTURING PROCESSES FOR QUALITY ASSURANCE TO DRIVE MARKET 182
10.8.1.1 Plasma emission spectrograph 182
10.8.1.2 Corrosion resistance testing 182
10.9 OTHER APPLICATIONS 182
TABLE 128 OTHER APPLICATIONS OF NDT AND INSPECTION 183
11 NDT AND INSPECTION MARKET, BY REGION 184
11.1 INTRODUCTION 185
FIGURE 41 NDT AND INSPECTION MARKET, BY REGION 185
FIGURE 42 NORTH AMERICA TO ACCOUNT FOR LARGEST SHARE OF NDT AND INSPECTION MARKET IN 2029 185
TABLE 129 NDT AND INSPECTION MARKET, BY REGION, 2020–2023 (USD MILLION) 186
TABLE 130 NDT AND INSPECTION MARKET, BY REGION, 2024–2029 (USD MILLION) 186
11.2 NORTH AMERICA 186
FIGURE 43 NORTH AMERICA: NDT AND INSPECTION MARKET SNAPSHOT 187
TABLE 131 NORTH AMERICA: NDT AND INSPECTION MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 187
TABLE 132 NORTH AMERICA: NDT AND INSPECTION MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 188
TABLE 133 NORTH AMERICA: NDT AND INSPECTION MARKET, BY VERTICAL, 2020–2023 (USD MILLION) 188
TABLE 134 NORTH AMERICA: NDT AND INSPECTION MARKET, BY VERTICAL, 2024–2029 (USD MILLION) 189
11.2.1 NORTH AMERICAN NDT AND INSPECTION MARKET: RECESSION IMPACT 189
11.2.2 US 189
11.2.2.1 Rising defense expenditures and aircraft production to fuel market growth 189
11.2.3 CANADA 191
11.2.3.1 Increasing demand for advanced material testing to drive market 191
11.2.4 MEXICO 192
11.2.4.1 High emphasis on urban mobility and expansion of natural gas pipeline network to fuel market growth 192
11.3 EUROPE 192
FIGURE 44 EUROPE: NDT AND INSPECTION MARKET SNAPSHOT 193
TABLE 135 EUROPE: NDT AND INSPECTION MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 193
TABLE 136 EUROPE: NDT AND INSPECTION MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 194
TABLE 137 EUROPE: NDT AND INSPECTION MARKET, BY VERTICAL, 2020–2023 (USD MILLION) 194
TABLE 138 EUROPE: NDT AND INSPECTION MARKET, BY VERTICAL, 2024–2029 (USD MILLION) 194
11.3.1 EUROPEAN NDT AND INSPECTION MARKET: RECESSION IMPACT 195
11.3.2 UK 195
11.3.2.1 Growth in aircraft export to drive demand 195
11.3.3 GERMANY 196
11.3.3.1 Growing demand for NDT and inspection services and equipment in automotive vertical to drive market 196
11.3.4 FRANCE 197
11.3.4.1 Increased use of NDT and inspection services and equipment in aerospace vertical to fuel market growth 197
11.3.5 ITALY 197
11.3.5.1 Expansion of oil refining capacity and shale gas development to drive market 197
11.3.6 REST OF EUROPE 198
11.4 ASIA PACIFIC 198
FIGURE 45 ASIA PACIFIC: NDT AND INSPECTION MARKET SNAPSHOT 199
TABLE 139 ASIA PACIFIC: NDT AND INSPECTION MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 200
TABLE 140 ASIA PACIFIC: NDT AND INSPECTION MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 200
TABLE 141 ASIA PACIFIC: NDT AND INSPECTION MARKET, BY VERTICAL, 2020–2023 (USD MILLION) 200
TABLE 142 ASIA PACIFIC: NDT AND INSPECTION MARKET, BY VERTICAL, 2024–2029 (USD MILLION) 201
11.4.1 ASIA PACIFIC NDT AND INSPECTION MARKET: RECESSION IMPACT 201
11.4.2 CHINA 201
11.4.2.1 Rapid infrastructure development and expanding automotive vertical to drive demand 201
11.4.3 JAPAN 202
11.4.3.1 Expanding nuclear power generation sector to propel market 202
11.4.4 INDIA 203
11.4.4.1 Increased demand for NDT equipment and inspection techniques in manufacturing sector to drive market 203
11.4.5 REST OF ASIA PACIFIC 203
11.5 ROW 204
FIGURE 46 MIDDLE EAST TO ACCOUNT FOR LARGEST SHARE OF ROW NDT AND INSPECTION MARKET IN 2029 204
TABLE 143 ROW: NDT AND INSPECTION MARKET, BY REGION, 2020–2023 (USD MILLION) 204
TABLE 144 ROW: NDT AND INSPECTION MARKET, BY REGION, 2024–2029 (USD MILLION) 205
FIGURE 47 OIL & GAS SEGMENT TO ACCOUNT FOR LARGEST SHARE OF ROW NDT AND INSPECTION MARKET IN 2029 205
TABLE 145 ROW: NDT AND INSPECTION MARKET, BY VERTICAL, 2020–2023 (USD MILLION) 205
TABLE 146 ROW: NDT AND INSPECTION MARKET, BY VERTICAL, 2024–2029 (USD MILLION) 206
11.5.1 ROW NDT AND INSPECTION MARKET: IMPACT OF RECESSION 206
11.5.2 MIDDLE EAST 206
11.5.2.1 High investment in infrastructure development to drive market 206
TABLE 147 MIDDLE EAST: NDT AND INSPECTION MARKET, BY REGION, 2020–2023 (USD MILLION) 207
TABLE 148 MIDDLE EAST: NDT AND INSPECTION MARKET, BY REGION, 2024–2029 (USD MILLION) 207
11.5.2.2 GCC Countries 207
11.5.2.2.1 Increasing infrastructure development attributed to economic diversification efforts to drive market 207
11.5.2.3 Rest of Middle East 208
11.5.3 AFRICA 208
11.5.3.1 Booming power vertical to fuel demand 208
11.5.4 SOUTH AMERICA 208
11.5.4.1 Rising demand for NDT equipment and inspection techniques in oil & gas and power verticals to drive market 208
12 COMPETITIVE LANDSCAPE 209
12.1 OVERVIEW 209
12.2 KEY STRATEGIES ADOPTED BY MAJOR PLAYERS 210
FIGURE 48 NDT AND INSPECTION MARKET: OVERVIEW OF KEY STRATEGIES ADOPTED BY LEADING PLAYERS, 2021–2023 210
12.3 MARKET SHARE ANALYSIS, 2023 211
TABLE 149 NDT AND INSPECTION MARKET: DEGREE OF COMPETITION 211
FIGURE 49 NDT AND INSPECTION MARKET SHARE ANALYSIS, 2023 211
12.4 REVENUE ANALYSIS, 2019–2023 215
FIGURE 50 NDT AND INSPECTION MARKET: REVENUE ANALYSIS OF FIVE KEY COMPANIES, 2019–2023 215
12.5 COMPANY EVALUATION MATRIX, 2023 216
FIGURE 51 NDT AND INSPECTION MARKET: COMPANY EVALUATION MATRIX, 2023 216
12.5.1 STARS 217
12.5.2 PERVASIVE PLAYERS 217
12.5.3 EMERGING LEADERS 217
12.5.4 PARTICIPANTS 217
12.5.5 COMPANY FOOTPRINT 218
12.5.5.1 Overall footprint 218
TABLE 150 OVERALL COMPANY FOOTPRINT 218
TABLE 151 COMPANY SERVICE FOOTPRINT 219
12.5.5.2 Vertical footprint 220
TABLE 152 COMPANY VERTICAL FOOTPRINT 220
12.5.5.3 Regional footprint 221
TABLE 153 COMPANY REGION FOOTPRINT 221
12.6 STARTUP/SMALL AND MEDIUM-SIZED ENTERPRISE (SME) EVALUATION MATRIX, 2023 222
FIGURE 52 NDT AND INSPECTION MARKET: STARTUP/SME EVALUATION MATRIX, 2023 222
12.6.1 PROGRESSIVE COMPANIES 223
12.6.2 RESPONSIVE COMPANIES 223
12.6.3 DYNAMIC COMPANIES 223
12.6.4 STARTING BLOCKS 223
12.6.5 COMPETITIVE BENCHMARKING 224
12.6.5.1 List of key startups/SMEs 224
TABLE 154 NDT AND INSPECTION MARKET: DETAILED LIST OF KEY STARTUPS/SMES 224
12.6.5.2 Competitive benchmarking of key startups/SMEs 225
TABLE 155 NDT AND INSPECTION MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES 225
12.7 COMPANY VALUATION, 2022 226
FIGURE 53 NDT AND INSPECTION MARKET: COMPANY VALUATION, 2022 226
12.8 FINANCIAL METRICS, 2022 226
FIGURE 54 NDT AND INSPECTION MARKET: FINANCIAL METRICS, 2022 226
12.9 COMPETITIVE SCENARIOS AND TRENDS 227
12.9.1 PRODUCT LAUNCHES 227
TABLE 156 NDT AND INSPECTION MARKET: PRODUCT LAUNCHES, APRIL 2022–NOVEMBER 2023 227
12.9.2 DEALS 230
TABLE 157 NDT AND INSPECTION MARKET: DEALS, JANUARY 2022–NOVEMBER 2023 230
13 COMPANY PROFILES 235
13.1 INTRODUCTION 235
13.2 KEY PLAYERS 235
13.2.1 GENERAL ELECTRIC 235
13.2.1.1 Business overview 235
TABLE 158 GENERAL ELECTRIC: COMPANY OVERVIEW 236
FIGURE 55 GENERAL ELECTRIC: COMPANY SNAPSHOT 236
13.2.1.2 Products/Solutions/Services offered 237
TABLE 159 GENERAL ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 237
13.2.1.3 Recent developments 239
13.2.1.3.1 Product launches 239
TABLE 160 GENERAL ELECTRIC: PRODUCT LAUNCHES 239
13.2.1.3.2 Deals 240
TABLE 161 GENERAL ELECTRIC: DEALS 240
13.2.1.4 MnM view 241
13.2.1.4.1 Key strengths/Right to win 241
13.2.1.4.2 Strategic choices 242
13.2.1.4.3 Weaknesses/Competitive threats 242
13.2.2 MISTRAS GROUP 243
13.2.2.1 Business overview 243
TABLE 162 MISTRAS GROUP: COMPANY OVERVIEW 243
FIGURE 56 MISTRAS GROUP: COMPANY SNAPSHOT 244
13.2.2.2 Products/Solutions/Services offered 244
TABLE 163 MISTRAS GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED 244
13.2.2.3 Recent developments 247
13.2.2.3.1 Deals 247
TABLE 164 MISTRAS GROUP: DEALS 247
13.2.2.4 MnM view 247
13.2.2.4.1 Key strengths/Right to win 247
13.2.2.4.2 Strategic choices 248
13.2.2.4.3 Weaknesses/Competitive threats 248
13.2.3 OLYMPUS CORPORATION 249
13.2.3.1 Business overview 249
TABLE 165 OLYMPUS CORPORATION: COMPANY OVERVIEW 249
FIGURE 57 OLYMPUS CORPORATION: COMPANY SNAPSHOT 250
13.2.3.2 Products/Solutions/Services offered 250
TABLE 166 OLYMPUS CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 250
13.2.3.3 Recent developments 252
13.2.3.3.1 Product launches 252
TABLE 167 OLYMPUS CORPORATION: PRODUCT LAUNCHES 252
13.2.3.3.2 Deals 253
TABLE 168 OLYMPUS CORPORATION: DEALS 253
13.2.3.4 MnM view 253
13.2.3.4.1 Key strengths/Right to win 253
13.2.3.4.2 Strategic choices 254
13.2.3.4.3 Weaknesses/Competitive threats 254
13.2.4 ASHTEAD TECHNOLOGY 255
13.2.4.1 Business overview 255
TABLE 169 ASHTEAD TECHNOLOGY: COMPANY OVERVIEW 255
FIGURE 58 ASHTEAD TECHNOLOGY: COMPANY SNAPSHOT 256
13.2.4.2 Products/Solutions/Services offered 256
TABLE 170 ASHTEAD TECHNOLOGY: PRODUCTS/SOLUTIONS/SERVICES OFFERED 256
13.2.4.3 Recent developments 260
13.2.4.3.1 Product launches 260
TABLE 171 ASHTEAD TECHNOLOGY: PRODUCT LAUNCHES 260
13.2.4.3.2 Deals 260
TABLE 172 ASHTEAD TECHNOLOGY: DEALS 260
13.2.4.4 MnM view 262
13.2.4.4.1 Key strengths/Right to win 262
13.2.4.4.2 Strategic choices 262
13.2.4.4.3 Weaknesses/Competitive threats 262
13.2.5 NIKON METROLOGY NV 263
TABLE 173 NIKON METROLOGY NV: COMPANY OVERVIEW 263
13.2.5.1 Products/Solutions/Services offered 263
TABLE 174 NIKON METROLOGY NV: PRODUCTS/SOLUTIONS/SERVICES OFFERED 263
13.2.5.2 Recent developments 264
13.2.5.2.1 Product launches 264
TABLE 175 NIKON METROLOGY NV: PRODUCT LAUNCHES 264
13.2.5.2.2 Deals 266
TABLE 176 NIKON METROLOGY NV: DEALS 266
13.2.5.3 MnM view 267
13.2.5.3.1 Key strengths/Right to win 267
13.2.5.3.2 Strategic choices 267
13.2.5.3.3 Weaknesses/Competitive threats 267
13.2.6 SGS SOCIÉTÉ GÉNÉRALE DE SURVEILLANCE SA. 268
13.2.6.1 Business overview 268
TABLE 177 SGS SOCIÉTÉ GÉNÉRALE DE SURVEILLANCE SA.: COMPANY OVERVIEW 268
FIGURE 59 SGS SOCIÉTÉ GÉNÉRALE DE SURVEILLANCE SA.: COMPANY SNAPSHOT 269
13.2.6.2 Products/Solutions/Services offered 269
TABLE 178 SGS SOCIÉTÉ GÉNÉRALE DE SURVEILLANCE SA.: PRODUCTS/SOLUTIONS/ SERVICES OFFERED 269
13.2.6.3 Recent developments 270
13.2.6.3.1 Deals 270
TABLE 179 SGS SOCIÉTÉ GÉNÉRALE DE SURVEILLANCE SA.: DEALS 270
13.2.7 MAGNAFLUX 272
13.2.7.1 Business overview 272
TABLE 180 MAGNAFLUX: COMPANY OVERVIEW 272
13.2.7.2 Products/Solutions/Services offered 272
TABLE 181 MAGNAFLUX: PRODUCTS/SOLUTIONS/SERVICES OFFERED 272
13.2.7.3 Recent developments 273
13.2.7.3.1 Product launches 273
TABLE 182 MAGNAFLUX: PRODUCT LAUNCHES 273
13.2.8 EDDYFI TECHNOLOGIES 274
13.2.8.1 Business overview 274
TABLE 183 EDDYFI TECHNOLOGIES: COMPANY OVERVIEW 274
13.2.8.2 Products/Solutions/Services offered 274
TABLE 184 EDDYFI TECHNOLOGIES: PRODUCTS/SOLUTIONS/SERVICES OFFERED 274
13.2.8.3 Recent developments 279
13.2.8.3.1 Product launches 279
TABLE 185 EDDYFI TECHNOLOGIES: PRODUCT LAUNCHES 279
13.2.8.3.2 Deals 280
TABLE 186 EDDYFI TECHNOLOGIES: DEALS 280
13.2.9 SONATEST 282
13.2.9.1 Business overview 282
TABLE 187 SONATEST: COMPANY OVERVIEW 282
13.2.9.2 Products/Solutions/Services offered 282
TABLE 188 SONATEST: PRODUCTS/SOLUTIONS/SERVICES OFFERED 282
13.2.9.3 Recent developments 284
13.2.9.3.1 Product launches 284
TABLE 189 SONATEST: PRODUCT LAUNCHES 284
13.2.9.3.2 Deals 284
TABLE 190 SONATEST: DEALS 284
13.2.10 INTERTEK GROUP PLC 285
13.2.10.1 Business overview 285
TABLE 191 INTERTEK GROUP PLC: COMPANY OVERVIEW 285
FIGURE 60 INTERTEK GROUP PLC: COMPANY SNAPSHOT 286
13.2.10.2 Products/Solutions/Services offered 286
TABLE 192 INTERTEK GROUP PLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 286
13.2.10.3 Recent developments 288
13.2.10.3.1 Product launches 288
TABLE 193 INTERTEK GROUP PLC: PRODUCT LAUNCHES 288
13.2.10.3.2 Deals 288
TABLE 194 INTERTEK GROUP PLC: DEALS 288
13.2.10.3.3 Others 289
TABLE 195 INTERTEK GROUP PLC: OTHERS 289
13.3 OTHER PLAYERS 290
13.3.1 APPLUS+ 290
13.3.2 BUREAU VERITAS 292
13.3.3 COMET GROUP 293
13.3.4 TUV RHEINLAND 294
13.3.5 FISCHER TECHNOLOGY INC. 295
13.3.6 ACUREN 296
13.3.7 CREAFORM 297
13.3.8 VIDISCO LTD. 298
13.3.9 DEKRA 299
13.3.10 TEAM, INC. 300
13.3.11 LABQUIP NDT 301
13.3.12 CYGNUS INSTRUMENTS LTD. 302
13.3.13 FPRIMEC SOLUTIONS INC. 303
13.3.14 CARESTREAM HEALTH 304
13.3.15 ELEMENT MATERIALS TECHNOLOGY 305
14 APPENDIX 306
14.1 INSIGHTS FROM INDUSTRY EXPERTS 306
14.2 DISCUSSION GUIDE 306
14.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 310
14.4 CUSTOMIZATION OPTIONS 312
14.5 RELATED REPORTS 312
14.6 AUTHOR DETAILS 313