Ndt Inspection Services Market
PUBLISHED: 2022 ID: SMRC19121
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Ndt Inspection Services Market

Non-Destructive Testing (NDT) Inspection Services Market Forecasts to 2028 – Global Analysis By Technique (Ultrasonic Testing (UT), Magnetic Particle Testing (MPT)), Method (Visual Inspection Method, Surface Inspection Method), Service (Equipment Rental Services, Calibration Services) and By Geography

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Published: 2022 ID: SMRC19121

This report covers the impact of COVID-19 on this global market
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Years Covered

2020-2028

Estimated Year Value (2021)

US $10.21BN

Projected Year Value (2028)

US $21.48 BN

CAGR (2021 - 2028)

11.2%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

Asia Pacific

Highest Growing Market

North America


According to Stratistics MRC, the Global NDT Inspection Services Market is accounted for $10.21 billion in 2021 and is expected to reach $21.48 billion by 2028 growing at a CAGR of 11.2% during the forecast period. Non-destructive testing (NDT) inspection services are primarily used in engineering industries for evaluating different properties of structures, equipment, components, and materials without causing any damage. NDT Market and inspection is an extremely valuable technique for timely evaluation and diagnosis of faults in products. It is an important quality control tool in the manufacturing process as it allows for early detection of surface and subsurface defects in finished and work-in-progress (WIP) goods. NDT is also used for detecting faults and structural integrity in industrial assets and public infrastructures such as factory buildings, platforms, bridges, railway lines, piping systems, and industrial machinery.



Market Dynamics:

Driver:

Strict Government Regulations Regarding Public Safety and Product Quality


Increasing complexity of machinery, growing requirements of precise product usage specifications, ongoing stringent implementation of government regulations to ensure the workforce's safety, and rising stringent quality control requirements are the key factors that augment the growth of the market. Prior evidence of infrastructure failures such as leakages in nuclear refineries, pipeline explosions, and refinery blasts has prompted governments worldwide to impose stringent safety regulations, which have fueled the demand for market.

Restraint:

Lack of Skilled & Qualified Personnel for Inspection Services


A skilled workforce with the mandatory NDT and inspection skillset is a strategic concern for companies. Strict government regulations and the high complexity of NDT and inspection techniques lead to the rising requirement of skilled testers and inspectors. NDT can be done only with high-value advanced instrumentations. The operation of analysis to find cracks, and leakages and troubleshooting requires advanced machinery and instrumentations for the highest accuracy. Hence, a shortage of quailed and skilled workforce to operate the testing instruments is projected to restrain the market growth. The equipment usage requires a high level of training and several cortication’s to handle instrumentations which incur high costs for service providers operating in the market.

Opportunity:

Large-Scale Infrastructural Developments


Developing economies such as Malaysia, China, India, and Brazil are undergoing rapid infrastructural developments such as constructing new bridges, dams, railways, power plants, and refineries. This drives the demand for NDT and inspection services and equipment, which, sequentially, is predictable to accelerate the growth of the companies providing NDT and inspection services & equipment and creating ample opportunity.

Threat:

Limited Manufacturing Activities and Supply Chain


The main issue being faced by the manufacturing industry is supply chain disruptions. Numerous rules and regulations imposed by governments of different countries of the world to contain the spread of the COVID-19 include restrictions on the export and import of products and raw materials. This has led to significant supply chain issues throughout the world, causing a shortage of raw materials in various industries. As various industries, cannot resume their operations, the demand for NDT and inspection equipment and solutions has also reduced. Hence, the NDT and inspection market is facing a drop in its size in the present situation.

Ultrasonic testing (UT) segment is expected to be the largest during the forecast period

The UT (ultrasonic testing) technique is anticipated to be leading contributor in Market. It is currently the most popular NDT technique, owing to its ability to detect defects and accurately determine their severity. Some advanced techniques such as ultrasonic immersion testing and guided-wave ultrasonic testing can be used for critical applications in the oil & gas and aerospace industries, among many others.

The oil & gas industry segment is expected to have the highest CAGR during the forecast period

In the oil & gas industry, safety is of supreme importance to instill confidence & reassurance in several stakeholders associated with the sector due to the highly-unstable nature of raw materials used. NDT inspections are conducted for upstream (explorations/production) operations, midstream (transportation through the pipelines) operations, and downstream (refining) activities. The services ensure the structural & mechanical integrity of offshore structures, such as oil & gas platforms, that need monitoring continuously to guarantee the safety of the rig’s employees and the aquatic environment.

Region with highest share:

The Asia Pacific is projected to hold the highest market share, due to the increasing number of safety regulations and widespread industrial standardization. The rapid industrialization in numerous developing economies has led foreign players to develop their operations in the province to capitalize on its growth opportunities. Growing investments in the defence sector by countries including China, Japan, and India are predicted to increase the use of NDT services. The rising use of renewable energy sources and aging infrastructure has opened several avenues for the market. Countries in the Asia Pacific are involved in the manufacturing of defence aircraft, which is expected to increase NDT and inspection equipment and services in the defence & aerospace industry.

Region with highest CAGR:

North America is projected to have the highest CAGR; North America is going to have lucrative growth during the forecast period, owing to the growing application of NDT techniques across numerous end-use sectors. Also, the obtainability of a skilled workforce and the presence of numerous NDT training institutes in the province are affecting the market share. Power generation using shale oil in the U.S. and Canada is also likely to positively impact the growth of the regional market. Moreover, the introduction of various supportive regulations by the government, mandating companies to use NDT services, the presence of several oil refineries, and the increasing domestic production of natural gas & oil have resulted in the widespread adoption of NDT services. The penetration of various advanced technologies across various industry sectors is also promoting the use of NDT solutions.



Key players in the market:

Some of the key players profiled in the NDT Inspection Services Market include Acuren Inspection Inc, Ashtead Technology, Cygnus Instruments Ltd, Eddyfi, General Electric, Magnaflux Corporation, Mistras Group, Nikon Metrology, Olympus Corporation, Sonatest Ltd, YXLON International GmbH, Zetec Inc.
      
Key developments:

In May 2018: Olympus launched the IPLEX G Lite ultra-portable industrial videoscope, which is useful for inspecting hard-to-reach areas of aircraft and piping. The device is highly efficient and easy to control. The IPLEX G Lite videoscope is the successor to the compact IPLEX UltraLite model. The new videoscope retains the small size and light weight of IPLEX UltraLite for easy one-handed operation but improves upon its predecessor with several key features.

In October 2019: Olympus Corporation launched its latest series in OmniScan instruments that are recognized globally as the benchmark for portable phased array ultrasonic testing (PAUT) owing to their power, reliability and ease of use.

In September 2019: MISTRAS Group acquired New Century Software (US), a leading provider of pipeline integrity management software and services to energy transportation companies. This acquisition aligns with MISTRAS’ mission of delivering value-added, integrated, smart data solutions to its customers.

Technique’s Covered: 
• Ultrasonic Testing (UT)     
• Visual Inspection Testing (VT)     
• Magnetic Particle Testing (MPT)    
• Liquid Penetrant Testing (LPT)     
• Eddy-Current Testing (ECT)
• Radiographic Testing (RT)
• Acoustic Emission Testing (AET)    
• Terahertz Imaging      
• Near-Infrared Spectroscopy   

Methods Covered:
• Visual Inspection Method
• Surface Inspection Method
• Volumetric Inspection Method 

Services Covered:
• Inspection Services      
• Equipment Rental Services     
• Calibration Services      
• Training Services  

End Users Covered:
• Aerospace      
• Automotive and Transportation
• Manufacturing
• Marine       
• Medical and Health      
• Oil & Gas       
• Plastics & Polymers   
• Power Generation      
• Public Infrastructure     

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary  
   
2 Preface  

 2.1 Abstract 
 2.2 Stake Holders 
 2.3 Research Scope 
 2.4 Research Methodology 
  2.4.1 Data Mining
  2.4.2 Data Analysis
  2.4.3 Data Validation
  2.4.4 Research Approach
 2.5 Research Sources 
  2.5.1 Primary Research Sources
  2.5.2 Secondary Research Sources
  2.5.3 Assumptions
   
3 Market Trend Analysis  
 3.1 Introduction 
 3.2 Drivers 
 3.3 Restraints 
 3.4 Opportunities 
 3.5 Threats 
 3.6 End User Analysis 
 3.7 Emerging Markets 
 3.8 Impact of Covid-19 
   
4 Porters Five Force Analysis   
 4.1 Bargaining power of suppliers 
 4.2 Bargaining power of buyers 
 4.3 Threat of substitutes 
 4.4 Threat of new entrants 
 4.5 Competitive rivalry 
   
5 Global NDT Inspection Services Market, By Technique  
 5.1 Introduction 
 5.2 Ultrasonic Testing (UT)       
  5.2.1 Angle Beam Testing      
  5.2.2 Guided Wave Testing     
  5.2.3 Immersion Testing      
  5.2.4 Phased Array Testing (PAUT)
  5.2.5 Straight Beam Testing     
  5.2.6 Time-Of-Flight Diffraction (TOFD)    
 5.3 Visual Inspection Testing (VT)       
  5.3.1 General Visual Inspection     
  5.3.2 Aided Visual Inspection     
   5.3.2.1 Borescope    
   5.3.2.2 Endoscope    
   5.3.2.3 Videoscope    
 5.4 Magnetic Particle Testing (MPT)      
 5.5 Liquid Penetrant Testing (LPT)       
 5.6 Eddy-Current Testing (ECT)       
  5.6.1 Alternating Current Field Measurement (ACFM)   
  5.6.2 Eddy-Current Array (ECA)     
  5.6.3 Remote-Field Testing (Rft)     
 5.7 Radiographic Testing (RT)       
  5.7.1 Computed Radiography     
  5.7.2 Direct Radiography (Real-Time)    
  5.7.3 Film Radiography      
  5.7.4 Gamma-Ray Testing      
  5.7.5 X-Ray Testing      
 5.8 Acoustic Emission Testing (AET)      
 5.9 Terahertz Imaging        
 5.10 Near-Infrared Spectroscopy 
   
6 Global NDT Inspection Services Market, By Method  
 6.1 Introduction 
 6.2 Visual Inspection Method 
 6.3 Surface Inspection Method 
 6.4 Volumetric Inspection Method 
   
7 Global NDT Inspection Services Market, By Service  
 7.1 Introduction 
 7.2 Inspection Services        
  7.2.1 Ultrasonic Inspection     
  7.2.2 Radiographic Inspection      
  7.2.3 Magnetic Particle Inspection     
  7.2.4 Advanced Eddy-Current Inspection    
  7.2.5 Liquid Penetrant Inspection     
 7.3 Equipment Rental Services       
 7.4 Calibration Services        
 7.5 Training Services 
   
8 Global NDT Inspection Services Market, By End User  
 8.1 Introduction 
 8.2 Aerospace        
 8.3 Automotive and Transportation 
 8.4 Manufacturing 
 8.5 Marine         
 8.6 Medical and Health        
 8.7 Oil & Gas         
 8.8 Plastics & Polymers     
 8.9 Power Generation        
 8.10 Public Infrastructure       
   
9 Global NDT Inspection Services Market, By Geography  
 9.1 Introduction 
 9.2 North America 
  9.2.1 US
  9.2.2 Canada
  9.2.3 Mexico
 9.3 Europe 
  9.3.1 Germany
  9.3.2 UK
  9.3.3 Italy
  9.3.4 France
  9.3.5 Spain
  9.3.6 Rest of Europe
 9.4 Asia Pacific 
  9.4.1 Japan
  9.4.2 China
  9.4.3 India
  9.4.4 Australia
  9.4.5 New Zealand
  9.4.6 South Korea
  9.4.7 Rest of Asia Pacific
 9.5 South America 
  9.5.1 Argentina
  9.5.2 Brazil
  9.5.3 Chile
  9.5.4 Rest of South America
 9.6 Middle East & Africa 
  9.6.1 Saudi Arabia
  9.6.2 UAE
  9.6.3 Qatar
  9.6.4 South Africa
  9.6.5 Rest of Middle East & Africa
   
10 Key Developments  
 10.1 Agreements, Partnerships, Collaborations and Joint Ventures 
 10.2 Acquisitions & Mergers 
 10.3 New Product Launch 
 10.4 Expansions 
 10.5 Other Key Strategies 
   
11 Company Profiling  
 11.1 Acuren Inspection Inc       
 11.2 Ashtead Technology.        
 11.3 Cygnus Instruments Ltd    
 11.4 Eddyfi         
 11.5 General Electric        
 11.6 Magnaflux Corporation       
 11.7 Mistras Group        
 11.8 Nikon Metrology        
 11.9 Olympus Corporation       
 11.10 Sonatest Ltd        
 11.11 YXLON International GmbH       
 11.12 Zetec Inc.         


List of Tables   
1 Global NDT Inspection Services Market Outlook, By Region (2020-2028) (US $MN)   
2 Global NDT Inspection Services Market Outlook, By Technique (2020-2028) (US $MN)   
3 Global NDT Inspection Services Market Outlook, By Ultrasonic Testing (UT) (2020-2028) (US $MN)   
4 Global NDT Inspection Services Market Outlook, By Angle Beam Testing (2020-2028) (US $MN)   
5 Global NDT Inspection Services Market Outlook, By Guided Wave Testing (2020-2028) (US $MN)   
6 Global NDT Inspection Services Market Outlook, By Immersion Testing (2020-2028) (US $MN)   
7 Global NDT Inspection Services Market Outlook, By Phased Array Testing (PAUT) (2020-2028) (US $MN)   
8 Global NDT Inspection Services Market Outlook, By Straight Beam Testing (2020-2028) (US $MN)   
9 Global NDT Inspection Services Market Outlook, By Time-Of-Flight Diffraction (TOFD) (2020-2028) (US $MN)   
10 Global NDT Inspection Services Market Outlook, By Visual Inspection Testing (VT) (2020-2028) (US $MN)   
11 Global NDT Inspection Services Market Outlook, By General Visual Inspection (2020-2028) (US $MN)   
12 Global NDT Inspection Services Market Outlook, By Aided Visual Inspection (2020-2028) (US $MN)   
13 Global NDT Inspection Services Market Outlook, By Magnetic Particle Testing (MPT) (2020-2028) (US $MN)   
14 Global NDT Inspection Services Market Outlook, By Liquid Penetrant Testing (LPT) (2020-2028) (US $MN)   
15 Global NDT Inspection Services Market Outlook, By Eddy-Current Testing (ECT) (2020-2028) (US $MN)   
16 Global NDT Inspection Services Market Outlook, By Alternating Current Field Measurement (ACFM) (2020-2028) (US $MN)   
17 Global NDT Inspection Services Market Outlook, By Eddy-Current Array (ECA) (2020-2028) (US $MN)   
18 Global NDT Inspection Services Market Outlook, By Remote-Field Testing (Rft) (2020-2028) (US $MN)   
19 Global NDT Inspection Services Market Outlook, By Radiographic Testing (RT) (2020-2028) (US $MN)   
20 Global NDT Inspection Services Market Outlook, By Computed Radiography (2020-2028) (US $MN)   
21 Global NDT Inspection Services Market Outlook, By Direct Radiography (Real-Time) (2020-2028) (US $MN)   
22 Global NDT Inspection Services Market Outlook, By Film Radiography (2020-2028) (US $MN)   
23 Global NDT Inspection Services Market Outlook, By Gamma-Ray Testing (2020-2028) (US $MN)   
24 Global NDT Inspection Services Market Outlook, By X-Ray Testing (2020-2028) (US $MN)   
25 Global NDT Inspection Services Market Outlook, By Acoustic Emission Testing (AET) (2020-2028) (US $MN)   
26 Global NDT Inspection Services Market Outlook, By Terahertz Imaging (2020-2028) (US $MN)   
27 Global NDT Inspection Services Market Outlook, By Near-Infrared Spectroscopy (2020-2028) (US $MN)   
28 Global NDT Inspection Services Market Outlook, By Method (2020-2028) (US $MN)   
29 Global NDT Inspection Services Market Outlook, By Visual Inspection Method (2020-2028) (US $MN)   
30 Global NDT Inspection Services Market Outlook, By Surface Inspection Method (2020-2028) (US $MN)   
31 Global NDT Inspection Services Market Outlook, By Volumetric Inspection Method (2020-2028) (US $MN)   
32 Global NDT Inspection Services Market Outlook, By Service (2020-2028) (US $MN)   
33 Global NDT Inspection Services Market Outlook, By Inspection Services (2020-2028) (US $MN)   
34 Global NDT Inspection Services Market Outlook, By Ultrasonic Inspection (2020-2028) (US $MN)   
35 Global NDT Inspection Services Market Outlook, By Radiographic Inspection (2020-2028) (US $MN)   
36 Global NDT Inspection Services Market Outlook, By Magnetic Particle Inspection (2020-2028) (US $MN)    
37 Global NDT Inspection Services Market Outlook, By Advanced Eddy-Current Inspection (2020-2028) (US $MN)   
38 Global NDT Inspection Services Market Outlook, By Liquid Penetrant Inspection (2020-2028) (US $MN)   
39 Global NDT Inspection Services Market Outlook, By Equipment Rental Services (2020-2028) (US $MN)   
40 Global NDT Inspection Services Market Outlook, By Calibration Services (2020-2028) (US $MN)   
41 Global NDT Inspection Services Market Outlook, By Training Services (2020-2028) (US $MN)   
42 Global NDT Inspection Services Market Outlook, By End User (2020-2028) (US $MN)   
43 Global NDT Inspection Services Market Outlook, By Aerospace (2020-2028) (US $MN)   
44 Global NDT Inspection Services Market Outlook, By Automotive and Transportation (2020-2028) (US $MN)   
45 Global NDT Inspection Services Market Outlook, By Manufacturing (2020-2028) (US $MN)   
46 Global NDT Inspection Services Market Outlook, By Marine (2020-2028) (US $MN)   
47 Global NDT Inspection Services Market Outlook, By Medical and Health (2020-2028) (US $MN)   
48 Global NDT Inspection Services Market Outlook, By Oil & Gas (2020-2028) (US $MN)   
49 Global NDT Inspection Services Market Outlook, By Plastics & Polymers (2020-2028) (US $MN)   
50 Global NDT Inspection Services Market Outlook, By Power Generation (2020-2028) (US $MN)   
51 Global NDT Inspection Services Market Outlook, By Public Infrastructure (2020-2028) (US $MN)   
   
Note- Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.  

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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