Non Destructive Testing And Inspection Market
PUBLISHED: 2024 ID: SMRC27465
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Non Destructive Testing And Inspection Market

Non Destructive Testing and Inspection Market Forecasts to 2030 - Global Analysis By Method (Surface Inspection, Volumetric Inspection, Visual Inspection and Other Methods), Service (Training Services, Calibration Services, Inspection Services and Equipment Rental Services), Technique, End User and by Geography

4.5 (24 reviews)
4.5 (24 reviews)
Published: 2024 ID: SMRC27465

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

2022-2030

Estimated Year Value (2024)

US $16.04 BN

Projected Year Value (2030)

US $26.25 BN

CAGR (2024 - 2030)

8.56%

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

North America

Highest Growing Market

Asia Pacific


According to Stratistics MRC, the Global Non Destructive Testing and Inspection Market is accounted for $16.04 billion in 2024 and is expected to reach $26.25 billion by 2030 growing at a CAGR of 8.56% during the forecast period. Non-Destructive Testing (NDT) and Inspection is an essential procedure used in many different industries to assess a material's, components, or system's properties without causing harm. In applications like aerospace, construction, oil and gas, and manufacturing, NDT techniques like magnetic particle, radiography, and ultrasonic testing ensure safety and dependability by detecting flaws, fractures, or inconsistencies in structures. 

According to the American Society for Non-destructive Testing (ASNT), over 80% of aerospace components undergo NDT before entering service, emphasizing the critical role of NDT in ensuring safety, quality, and reliability in the aerospace industry.

Market Dynamics: 

Driver: 

Soaring regulation requirements

Regulations are constantly being updated and enforced by governments and international organizations to guarantee quality and safety in a variety of industries. The International Organization for Standardization (ISO) and the American Society for Testing and Materials (ASTM) are two organizations that, for example, set standards that specify the minimal requirements for NDT procedures. These regulations, which frequently call for frequent inspections and certifications, particularly affect the oil and gas, aerospace, automotive, and construction industries. Moreover, adoption of NDT procedures is accelerated by the fact that adhering to these standards not only improves safety but also shields businesses from penalties and legal risks.

Restraint:

Exorbitant start-up and running expenses

The high initial cost of sophisticated testing tools and technologies is one of the NDT market's biggest obstacles. Large sums of money must be invested in order to acquire complex systems like radiography inspection equipment or ultrasonic testing machines. High-end NDT systems, for instance, can run into the hundreds of thousands of dollars, which small and medium-sized businesses (SMEs) or sectors with tight budgets may find prohibitive. Furthermore, the continuous operating expenses related to skilled labor, maintenance, and calibration also add to the financial strain.

Opportunity:

Increasing need for predictive maintenance

The need for NDT solutions that enable predictive maintenance is rising as more industries come to understand the value of proactive maintenance tactics. NDT is essential to asset management because it makes it possible to identify flaws, corrosion, and structural weaknesses in machinery and infrastructure early on. Additionally, sophisticated NDT techniques assist in locating possible pipeline integrity problems in the oil and gas industry before they result in expensive breakdowns or environmental risks. As businesses look to cut expenses while increasing operational efficiency, this trend is predicted to continue.

Threat:

Threats from alternative technologies

Traditional NDT techniques are under serious threat from the emergence of alternative inspection methods. The rapid and efficient provision of detailed insights is driving the adoption of advanced imaging technologies such as digital radiography and 3D scanning. By providing comparable or better results in some applications, these alternatives to traditional NDT methods have the potential to challenge them and change consumer preferences. Furthermore, traditional NDT suppliers may find it difficult to hold onto their market share if industries continue to look for quicker and more affordable solutions unless they innovate and modify their products accordingly.

Covid-19 Impact: 

The COVID-19 pandemic had a major effect on the non-destructive testing (NDT) industry, upsetting international supply chains and resulting in sharp drops in the demand for NDT services and equipment across a range of industries. The production and delivery of vital NDT tools were hampered by the temporary closures and operational limitations that many manufacturing facilities experienced. Delays in procurement and inspections ensued from this, especially in industries where non-destructive testing (NDT) is essential to upholding safety and quality standards, like oil and gas, aerospace, and automotive. Moreover, the need for NDT services was further reduced by the curtailment of maintenance, repair, and new project activities due to travel restrictions and financial uncertainties.

The Volumetric Inspection segment is expected to be the largest during the forecast period

It is projected that the volumetric inspection segment will command the largest market share. This section is essential for evaluating the internal consistency of materials and structures, which is why it is so valuable in so many different industries, such as oil and gas, aerospace, and automotive. Volumetric inspection methods, like radiographic testing (RT) and ultrasonic testing (UT), are frequently used to find flaws in materials like inclusions, voids, and cracks without causing any harm. Additionally, volumetric inspection is becoming more and more necessary to ensure that components meet strict regulatory requirements, which is driven by the growing focus on quality assurance and safety standards in manufacturing processes.

The Calibration Services segment is expected to have the highest CAGR during the forecast period

The segment with the highest predicted CAGR is calibration services. The primary factor driving this growth is the growing demand for accuracy and precision in measurements across a range of industries, which makes routine calibration of NDT equipment necessary to guarantee adherence to industry standards. The need for calibration services is anticipated to grow as businesses work to improve their service offerings and uphold superior inspection procedures. Furthermore, the frequent calibration helps to maintain safety standards and supports informed decision-making by ensuring that equipment functions as intended and reducing the risks associated with inaccurate measurements.

Region with largest share:

The North American region is anticipated to hold the largest share of the non-destructive testing (NDT) market. Numerous factors contribute to this dominance, such as a well-established industrial infrastructure, strict safety and quality standards and regulations, and a strong focus on technological innovation across a range of industries, including oil and gas, aerospace, and automotive. For these industries to guarantee the integrity and dependability of their structures and components, NDT methods must be widely accepted. Moreover, bolstering North America's dominant position in the NDT market is the region's abundance of training facilities and knowledgeable workers.

Region with highest CAGR:

Due to the rapid industrialization and significant infrastructure development occurring in nations like China and India, the Asia-Pacific region is anticipated to witness the highest CAGR in the non-destructive testing (NDT) market during the forecast period. Growing manufacturing activity is the main driver of this expansion, especially in industries like aerospace, automotive, and energy where strict quality control standards are crucial. The need for sophisticated NDT methods to guarantee safety and adherence to global standards is growing as these sectors grow. Furthermore, the region's emphasis on improving asset integrity management and updating its infrastructure also encourages the use of NDT solutions.

Key players in the market

Some of the key players in Non Destructive Testing and Inspection market include GE Technologies, Ashtead Technology Ltd., Fischer Technology Inc., Nikon Metrology NV, Magnaflux GmbH, Hexagon AB, Baker Hughes Company, Cygnus Instruments Ltd., MISTRAS Group Inc., Eddyfi Technologies, Zetec Inc., Magwerks Corporation, Olympus Corporation, Intertek Group plc and MR Chemie GmbH.

Key Developments:

In June 2024, Baker Hughes, an energy technology company, announced that it has entered into a new 10-year services frame agreement with Woodside Energy to support its LNG operations in Australia. Under the multi-year services frame agreement, Baker Hughes will provide spare parts and field service resources for onsite turbomachinery equipment maintenance and upgrades, equipment refurbishment and advanced digital asset performance services.
 
In March 2024, Olympus announced that it has been awarded a contract for its advanced energy portfolio by Provista Inc. This new, nationwide agreement provides Provista members with negotiated pricing for Olympus® energy products, including the POWERSEAL™ sealer/divider, the SONICBEAT™ ultrasonic portfolio and THUNDERBEAT™ hybrid energy portfolio.

Methods Covered:
• Surface Inspection
• Volumetric Inspection
• Visual Inspection
• Other Methods 
 
Services Covered:
• Training Services
• Calibration Services
• Inspection Services
• Equipment Rental Services 

Techniques Covered:
• Visual Testing
• Magnetic Particle Testing
• Liquid Penetrant Testing
• Eddy-Current Testing
• Ultrasonic Testing
• Radiographic Testing
• Acoustic Emission Testing
• Other Techniques 

End Users Covered:
• Automotive
• Oil and Gas
• Aerospace
• Power Generation
• Manufacturing
• Public Infrastructure
• Military
• Railroad
• Construction
• Other End Users

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 2022, 2023, 2024, 2026, and 2030
- 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
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 Non Destructive Testing and Inspection Market, By Method        
 5.1 Introduction       
 5.2 Surface Inspection       
 5.3 Volumetric Inspection       
 5.4 Visual Inspection       
 5.5 Other Methods       
         
6 Global Non Destructive Testing and Inspection Market, By Service        
 6.1 Introduction       
 6.2 Training Services       
 6.3 Calibration Services       
 6.4 Inspection Services       
 6.5 Equipment Rental Services       
         
7 Global Non Destructive Testing and Inspection Market, By Technique        
 7.1 Introduction       
 7.2 Visual Testing       
 7.3 Magnetic Particle Testing       
 7.4 Liquid Penetrant Testing       
 7.5 Eddy-Current Testing       
 7.6 Ultrasonic Testing       
 7.7 Radiographic Testing       
 7.8 Acoustic Emission Testing       
 7.9 Other Techniques       
         
8 Global Non Destructive Testing and Inspection Market, By End User        
 8.1 Introduction       
 8.2 Automotive       
 8.3 Oil and Gas       
 8.4 Aerospace       
 8.5 Power Generation       
 8.6 Manufacturing       
 8.7 Public Infrastructure       
 8.8 Military       
 8.9 Railroad       
 8.10 Construction       
 8.11 Other End Users       
         
9 Global Non Destructive Testing and Inspection 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 GE Technologies       
 11.2 Ashtead Technology Ltd.       
 11.3 Fischer Technology Inc.       
 11.4 Nikon Metrology NV       
 11.5 Magnaflux GmbH       
 11.6 Hexagon AB       
 11.7 Baker Hughes Company       
 11.8 Cygnus Instruments Ltd.       
 11.9 MISTRAS Group Inc.       
 11.10 Eddyfi Technologies       
 11.11 Zetec Inc.       
 11.12 Magwerks Corporation       
 11.13 Olympus Corporation       
 11.14 Intertek Group plc       
 11.15 MR Chemie GmbH       
         
List of Tables         
1 Global Non Destructive Testing and Inspection Market Outlook, By Region (2022-2030) ($MN)        
2 Global Non Destructive Testing and Inspection Market Outlook, By Method (2022-2030) ($MN)        
3 Global Non Destructive Testing and Inspection Market Outlook, By Surface Inspection (2022-2030) ($MN)        
4 Global Non Destructive Testing and Inspection Market Outlook, By Volumetric Inspection (2022-2030) ($MN)        
5 Global Non Destructive Testing and Inspection Market Outlook, By Visual Inspection (2022-2030) ($MN)        
6 Global Non Destructive Testing and Inspection Market Outlook, By Other Methods (2022-2030) ($MN)        
7 Global Non Destructive Testing and Inspection Market Outlook, By Service (2022-2030) ($MN)        
8 Global Non Destructive Testing and Inspection Market Outlook, By Training Services (2022-2030) ($MN)        
9 Global Non Destructive Testing and Inspection Market Outlook, By Calibration Services (2022-2030) ($MN)        
10 Global Non Destructive Testing and Inspection Market Outlook, By Inspection Services (2022-2030) ($MN)        
11 Global Non Destructive Testing and Inspection Market Outlook, By Equipment Rental Services (2022-2030) ($MN)        
12 Global Non Destructive Testing and Inspection Market Outlook, By Technique (2022-2030) ($MN)        
13 Global Non Destructive Testing and Inspection Market Outlook, By Visual Testing (2022-2030) ($MN)        
14 Global Non Destructive Testing and Inspection Market Outlook, By Magnetic Particle Testing (2022-2030) ($MN)        
15 Global Non Destructive Testing and Inspection Market Outlook, By Liquid Penetrant Testing (2022-2030) ($MN)        
16 Global Non Destructive Testing and Inspection Market Outlook, By Eddy-Current Testing (2022-2030) ($MN)        
17 Global Non Destructive Testing and Inspection Market Outlook, By Ultrasonic Testing (2022-2030) ($MN)        
18 Global Non Destructive Testing and Inspection Market Outlook, By Radiographic Testing (2022-2030) ($MN)        
19 Global Non Destructive Testing and Inspection Market Outlook, By Acoustic Emission Testing (2022-2030) ($MN)        
20 Global Non Destructive Testing and Inspection Market Outlook, By Other Techniques (2022-2030) ($MN)        
21 Global Non Destructive Testing and Inspection Market Outlook, By End User (2022-2030) ($MN)        
22 Global Non Destructive Testing and Inspection Market Outlook, By Automotive (2022-2030) ($MN)        
23 Global Non Destructive Testing and Inspection Market Outlook, By Oil and Gas (2022-2030) ($MN)        
24 Global Non Destructive Testing and Inspection Market Outlook, By Aerospace (2022-2030) ($MN)        
25 Global Non Destructive Testing and Inspection Market Outlook, By Power Generation (2022-2030) ($MN)        
26 Global Non Destructive Testing and Inspection Market Outlook, By Manufacturing (2022-2030) ($MN)        
27 Global Non Destructive Testing and Inspection Market Outlook, By Public Infrastructure (2022-2030) ($MN)        
28 Global Non Destructive Testing and Inspection Market Outlook, By Military (2022-2030) ($MN)        
29 Global Non Destructive Testing and Inspection Market Outlook, By Railroad (2022-2030) ($MN)        
30 Global Non Destructive Testing and Inspection Market Outlook, By Construction (2022-2030) ($MN)        
31 Global Non Destructive Testing and Inspection Market Outlook, By Other End Users (2022-2030) ($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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