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
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: |
|
|
Restraining Factors & Market Threats: |
|
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.
In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.
Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.
All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
We have 3 different licensing options available in electronic format.
- Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
- 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
- Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.
All our reports are typically be emailed to you as an attachment.
To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.
We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.
We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.
Select License Type
WHY CHOOSE US ?
Assured Quality
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Free Customization
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.