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Ultrasonic Testing Market

Ultrasonic Testing Market Forecasts to 2028 – Global Analysis By Service (Training Services, Inspection Services), Application (Material Thickness, Dimensional Measurement), End User (Sports, BFSI, Retail) and By Geography

4.2 (17 reviews)
Published: July 2021 ID: SMRC20721
4.2 (17 reviews)
Published: July 2021 ID: SMRC20721

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Ultrasonic Testing Market is accounted for $2.80 billion in 2020 and is expected to reach $5.62 billion by 2028 growing at a CAGR of 9.1% during the forecast period. Rising application of automation, stringent government regulations and growth in ultrasonic testing market services are driving the market growth. However, high cost of automated ultrasonic testing equipment is hampering the growth of the market.

Ultrasonic testing is an extremely valuable and a sort of non-destructive testing mechanism or technique to identify any kind of internal defect within the material for timely evaluation and diagnosis of faults in products. The ultrasonic technique detects hidden and internal discontinuities that are deep below the surface using the electronic equipment, which is connected to one or more transducers. This testing technique is also able to detect discontinuities that are based on how the high-frequency sound waves are returned to the recording equipment.

Based on the equipment, the flaw detectors segment is going to have lucrative growth during the forecast period as this detecting equipment is used to measure penetration of any material within a substance is perfect or not. This helps to detect any kind of flaw in the test and due to this there is rising in the market for this segment. By geography, North America is going to have high growth during the forecast period due to higher share of manufacturing industries, automotive, and power generation plant. This region is expected to be more dominant attributed to the increasing use of the UT technique for railway inspections across the US and Canada. The presence of key market players, such as Amerapex Corporation, General Electric, and others drive the market in the U.S. In addition, growing adoption of advanced testing technologies in the region’s robust aerospace industry will further boost the regional market.

Some of the key players profiled in the Ultrasonic Testing Market include TechScan Systm Inc., General Motors, Ashtead Technology Ltd, Mistras Group, Inc., Olympus Corporation, British Institute of Non-Destructive Testing (BINDT), Zetec, Inc., Intertek, Magnaflux, Sonatest Ltd., NDT Systems Inc, Dakota Ultrasonics, General Electric, Eddyfi Technologies, Sonatest.

Report Coverage

Details

Published Year:

2021

Estimated Market Size in 2020:

USD 2.80 billion

Estimated Period:

2020

Compound Annual Growth Rate (CAGR) from 2020 to 2028:

9.1%

Predicted 2028 Value:

USD 5.62 billion

Forecast Years:

2021-2028

Tables, Graphs& Figures

281

Chapters Covered:

Service, Type, Application, Equipment, End User and Region

Core Drivers and Opportunities:

  • The increasing oil and gas pipeline installation
  • Stringent government regulations
  • Rising application of automation

Restraining Factors & Market Threats:

  • High cost of automated ultrasonic testing equipment
  • Lack of extensive technical knowledge


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

Types Covered:
• Ultrasonic Spectroscopy
• Immersion Testing
• Acoustography
• Time-Of-Flight Diffraction
• Guided Wave Testing
• Phased Array Techniques   

Applications Covered:
• Material Thickness
• Dimensional Measurement  

Equipments Covered:
• Tube Inspection Systems
• Imaging Systems
• Thickness Gauges
• Bond Testers
• Flaw Detectors
• Transducers and Probes
• Industrial Scanners

End Users Covered:
• Chemical & Petrochemical
• Sports and Entertainment
• Oil & Gas
• Energy & Power Generation
• Marine
• Manufacturing
• Aerospace
• Healthcare
• Food & Beverages
• Government Infrastructure and Public Infrastructure
• Automotive
• Banking, Financial Services and Insurance (BFSI)
• Retail and e-Commerce
• Transportation
• Plastics and Polymers

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 2019, 2020, 2021, 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

Key Questions Answered In The Report

The Global Ultrasonic Testing Market is majorly driven by rising application of automation, development of portable phased array ultrasonic testing equipment and stringent government regulations and growth in ultrasonic testing.

The flaw detection segment is growing at a highest CAGR as this helps to detect any kind of flaw in the test and to measure penetration of any material within a substance is perfect or not.

Asia Pacific dominated with a significant market share due to the factors such as rapid infrastructural development and automation adoption in manufacturing industries in countries such as India and China and countries in Asia Pacific are involved in the manufacturing of defense aircraft, which is expected to increase ultrasonic testing equipment and services in the defense & aerospace industry.

North America market is growing at a highest CAGR due to higher share of manufacturing industries, automotive, and power generation plant and growing adoption of advanced testing technologies in the region’s robust aerospace industry will further boost the regional market.

Key players in Ultrasonic Testing Market include TechScan Systm Inc., General Motors, Ashtead Technology Ltd, Mistras Group, Inc., Olympus Corporation, British Institute of Non-Destructive Testing (BINDT), Zetec, Inc., Intertek, Magnaflux, Sonatest Ltd., NDT Systems Inc, Dakota Ultrasonics, General Electric, Eddyfi Technologies, Sonatest.

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 Application Analysis   
 3.7 End User Analysis   
 3.8 Emerging Markets   
 3.9 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 Ultrasonic Testing Market, By Service    
 5.1 Introduction   
 5.2 Training Services   
 5.3 Inspection Services   
 5.4 Equipment Rental Services   
 5.5 Calibration Services   
     
6 Global Ultrasonic Testing Market, By Type    
 6.1 Introduction   
 6.2 Ultrasonic Spectroscopy   
 6.3 Immersion Testing   
 6.4 Acoustography   
 6.5 Time-of-Flight Diffraction   
 6.6 Guided Wave Testing   
 6.7 Phased Array Techniques   
     
7 Global Ultrasonic Testing Market, By Application     
 7.1 Introduction   
 7.2 Material Thickness   
 7.3 Dimensional Measurement   
     
8 Global Ultrasonic Testing Market, By Equipment    
 8.1 Introduction   
 8.2 Tube Inspection Systems   
 8.3 Imaging Systems   
 8.4 Thickness Gauges   
 8.5 Bond Testers   
 8.6 Flaw Detectors   
 8.7 Transducers and Probes   
 8.8 Industrial Scanners   
     
9 Global Ultrasonic Testing Market, By End User    
 9.1 Introduction   
 9.2 Chemical & Petrochemical   
 9.3 Sports and Entertainment   
 9.4 Oil & Gas   
 9.5 Energy & Power Generation   
  9.5.1 Fossil Fuel  
  9.5.2 Nuclear Power  
  9.5.3 Renewable Energy  
 9.6 Marine   
 9.7 Manufacturing   
 9.8 Aerospace   
 9.9 Healthcare   
 9.10 Food & Beverages   
 9.11 Government Infrastructure and Public Infrastructure   
  9.11.1 Bridges and Tunnels  
  9.11.2 Military & Defense  
  9.11.3 Railway Industry  
 9.12 Automotive   
 9.13 Banking, Financial Services and Insurance (BFSI)   
 9.14 Retail and e-Commerce   
 9.15 Transportation   
 9.16 Plastics and Polymers   
     
10 Global Ultrasonic Testing Market, By Geography    
 10.1 Introduction   
 10.2 North America   
  10.2.1 US  
  10.2.2 Canada  
  10.2.3 Mexico  
 10.3 Europe   
  10.3.1 Germany  
  10.3.2 UK  
  10.3.3 Italy  
  10.3.4 France  
  10.3.5 Spain  
  10.3.6 Rest of Europe  
 10.4 Asia Pacific   
  10.4.1 Japan  
  10.4.2 China  
  10.4.3 India  
  10.4.4 Australia  
  10.4.5 New Zealand  
  10.4.6 South Korea  
  10.4.7 Rest of Asia Pacific  
 10.5 South America   
  10.5.1 Argentina  
  10.5.2 Brazil  
  10.5.3 Chile  
  10.5.4 Rest of South America  
 10.6 Middle East & Africa   
  10.6.1 Saudi Arabia  
  10.6.2 UAE  
  10.6.3 Qatar  
  10.6.4 South Africa  
  10.6.5 Rest of Middle East & Africa  
     
11 Key Developments    
 11.1 Agreements, Partnerships, Collaborations and Joint Ventures   
 11.2 Acquisitions & Mergers   
 11.3 New Product Launch   
 11.4 Expansions   
 11.5 Other Key Strategies   
     
12 Company Profiling    
 12.1 TechScan Systm Inc.   
 12.2 General Motors   
 12.3 Ashtead Technology Ltd   
 12.4 Mistras Group, Inc.   
 12.5 Olympus Corporation   
 12.6 British Institute of Non-Destructive Testing (BINDT)   
 12.7 Zetec, Inc.   
 12.8 Intertek   
 12.9 Magnaflux   
 12.10 Sonatest Ltd.   
 12.11 NDT Systems Inc   
 12.12 Dakota Ultrasonics   
 12.13 General Electric   
 12.14 Eddyfi Technologies   
 12.15 Sonatest   


List of Tables     
1 Global Ultrasonic Testing Market Outlook, By Region (2019-2028) ($MN)    
2 Global Ultrasonic Testing Market Outlook, By Service (2019-2028) ($MN)    
3 Global Ultrasonic Testing Market Outlook, By Training Services (2019-2028) ($MN)    
4 Global Ultrasonic Testing Market Outlook, By Inspection Services (2019-2028) ($MN)    
5 Global Ultrasonic Testing Market Outlook, By Equipment Rental Services (2019-2028) ($MN)    
6 Global Ultrasonic Testing Market Outlook, By Calibration Services (2019-2028) ($MN)    
7 Global Ultrasonic Testing Market Outlook, By Type (2019-2028) ($MN)    
8 Global Ultrasonic Testing Market Outlook, By Ultrasonic Spectroscopy (2019-2028) ($MN)    
9 Global Ultrasonic Testing Market Outlook, By Immersion Testing (2019-2028) ($MN)    
10 Global Ultrasonic Testing Market Outlook, By Acoustography (2019-2028) ($MN)    
11 Global Ultrasonic Testing Market Outlook, By Time-of-Flight Diffraction (2019-2028) ($MN)    
12 Global Ultrasonic Testing Market Outlook, By Guided Wave Testing (2019-2028) ($MN)    
13 Global Ultrasonic Testing Market Outlook, By Phased Array Techniques (2019-2028) ($MN)    
14 Global Ultrasonic Testing Market Outlook, By Application (2019-2028) ($MN)    
15 Global Ultrasonic Testing Market Outlook, By Material Thickness (2019-2028) ($MN)     
16 Global Ultrasonic Testing Market Outlook, By Dimensional Measurement (2019-2028) ($MN)    
17 Global Ultrasonic Testing Market Outlook, By Equipment (2019-2028) ($MN)    
18 Global Ultrasonic Testing Market Outlook, By Tube Inspection Systems (2019-2028) ($MN)    
19 Global Ultrasonic Testing Market Outlook, By Imaging Systems (2019-2028) ($MN)    
20 Global Ultrasonic Testing Market Outlook, By Thickness Gauges (2019-2028) ($MN)    
21 Global Ultrasonic Testing Market Outlook, By Bond Testers (2019-2028) ($MN)    
22 Global Ultrasonic Testing Market Outlook, By Flaw Detectors (2019-2028) ($MN)    
23 Global Ultrasonic Testing Market Outlook, By Transducers and Probes (2019-2028) ($MN)    
24 Global Ultrasonic Testing Market Outlook, By Industrial Scanners (2019-2028) ($MN)    
25 Global Ultrasonic Testing Market Outlook, By End User (2019-2028) ($MN)    
26 Global Ultrasonic Testing Market Outlook, By Chemical & Petrochemical (2019-2028) ($MN)    
27 Global Ultrasonic Testing Market Outlook, By Sports and Entertainment (2019-2028) ($MN)    
28 Global Ultrasonic Testing Market Outlook, By Oil & Gas (2019-2028) ($MN)    
29 Global Ultrasonic Testing Market Outlook, By Energy & Power Generation (2019-2028) ($MN)    
30 Global Ultrasonic Testing Market Outlook, By Fossil Fuel (2019-2028) ($MN)    
31 Global Ultrasonic Testing Market Outlook, By Nuclear Power (2019-2028) ($MN)    
32 Global Ultrasonic Testing Market Outlook, By Renewable Energy (2019-2028) ($MN)    
33 Global Ultrasonic Testing Market Outlook, By Marine (2019-2028) ($MN)    
34 Global Ultrasonic Testing Market Outlook, By Manufacturing (2019-2028) ($MN)    
35 Global Ultrasonic Testing Market Outlook, By Aerospace (2019-2028) ($MN)    
36 Global Ultrasonic Testing Market Outlook, By Healthcare (2019-2028) ($MN)    
37 Global Ultrasonic Testing Market Outlook, By Food & Beverages (2019-2028) ($MN)    
38 Global Ultrasonic Testing Market Outlook, By Government Infrastructure and Public Infrastructure (2019-2028) ($MN)    
39 Global Ultrasonic Testing Market Outlook, By Bridges and Tunnels (2019-2028) ($MN)    
40 Global Ultrasonic Testing Market Outlook, By Military & Defense (2019-2028) ($MN)    
41 Global Ultrasonic Testing Market Outlook, By Railway Industry (2019-2028) ($MN)    
42 Global Ultrasonic Testing Market Outlook, By Automotive (2019-2028) ($MN)    
43 Global Ultrasonic Testing Market Outlook, By Banking, Financial Services and Insurance (BFSI) (2019-2028) ($MN)    
44 Global Ultrasonic Testing Market Outlook, By Retail and e-Commerce (2019-2028) ($MN)    
45 Global Ultrasonic Testing Market Outlook, By Transportation (2019-2028) ($MN)    
46 Global Ultrasonic Testing Market Outlook, By Plastics and Polymers (2019-2028) ($MN)    
     
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.     

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