Non-destructive testing methods and applications 2021 Global Market Size, Share, Growth, Analysis Forecast to 2027

Non-destructive testing methods and applications 2021-2027

New Study Reports “ Non-destructive testing methods and applications 2021 Global Market Opportunities, Challenges, Strategies and Forecasts 2027” has been Added on MarketResearchFuture.

Introduction/Report Summary:

This report provides in depth study of “Non-destructive testing methods and applications using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Non-destructive testing methods and applications report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.

According to Market Research Future Analysis, the Global Non-destructive testing methods and applications is estimated to generate revenue of approximately USD 26 billion by 2026 growing at a CAGR of 8% during the forecast period 2017-2026.

Non-destructive testing methods and applications is estimated to exhibit high growth potential during the forecast period owing to the high demand across industry verticals. Rising demand among the end-use industries for non-destructive testing services drives the growth of the market. Additionally, innovation and advancement in technology and increasing market for non-destructive testing services is adding fuel to the growth of the non-destructive testing methods and applications.

MISTRAS Group, Inc., Olympus Corporation, GE Inspection Technologies, Intertek Group PLC, SGS S.A., Olympus Corporation, and Nikon Metrology are some of the leading players in the market. MITRAS Group offers advanced NDT services, traditional NDT services, engineering services and NDT centres of excellence for all consumer demands related to non-destructive testing services. The company focusses on offering innovative solutions and keeps up with the fast pace of the technological advancements. Rise in demand to ensure safety and growing government regulations are some of the major factors driving the growth of non-destructive testing methods and applications. With the focus on promoting the adoption of non-destructive testing services and the convenience provided to consumers, the global non-destructive testing methods and applications is expected to grow.

Key Players

The report has profiled some of the Important players prevalent in the global like – MISTRAS Group, Inc. (U.S.), Olympus Corporation (Japan), GE Inspection Technologies (U.S.), Intertek Group PLC (U.K.), SGS S.A. (Switzerland), Olympus Corporation (Japan), Nikon Metrology, Inc. (U.S.), Ashtead Technology, Inc. (U.S.), Sonatest Ltd. (U.K), Bosello High Technology S.R.L. (Italy), and Fujifilm Holdings Corporation (Japan) among others.

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Market Segmentation

Global Non-destructive testing methods and applications – Segmentation

The report is segmented into five dynamics; 

By ProductTraditional Non-Destructive Testing Services And Advanced Non-Destructive Testing Services.

By Type : Ultrasonic, Radiography, Liquid Penetrant, Magnetic Particle, Eddy-Current, Visual Inspection, and others

By ApplicationFlaw Detection, Leak Detection, Dimensional Measurement, Estimation of Physical Properties, Chemical Composition Determination, Stress & Structure Analysisand others

By Vertical :Aerospace & Defense, Automotive, Oil & Gas, Infrastructure, Power, and others

By RegionsAmericas, Europe, APAC, and Rest-of-the-World.

Non-destructive testing methods and applications – Geographical Analysis

North America dominates the global non-destructive testing methods and applications. The region has a well-established infrastructure, allowing the faster implementation of advanced technologies. The largest market share attributes to the growing demand to ensure safety and efficiency in the production process. Besides, technological advancements and the increased adoption of non-destructive testing service applications across industry verticals drive the growth of the regional market.

US and Canada dominate the regional market due to rising technological enhancements and growing adoption of the industrial internet of things (IIoT) in the region. Moreover, the rising adoption of non-destructive testing services across the end-use industry verticals creates substantial market demand.  Growing developments in the IT and telecom industries and increased adoption of automation in industrial sectors boost the growth of the regional market. The North American NDT services market is poised to retain its dominance throughout the review period.

Europe is another lucrative market for non-destructive testing services globally. The market is driven by the augmented demand for NDT services and the availability of high-quality, non-destructive testing methods and applications. Additionally, technological advances in the field of NDT services and non destructive testing companies in the region increase the market size.

Furthermore, the increasing adoption of automation across the industrial sector acts as another major factor driving the non-destructive testing methods and applications in the region. Simultaneously, the regulatory mandates introduced, alongside a large untapped consumer base, provide impetus to the regional market growth. The European non-destructive testing market is poised to witness s substantial growth over the assessment period.

The Asia Pacific non-destructive testing methods and applications witnesses rapid expansion globally. Factors such as the wide adoption of NDT services and spurting growth in aerospace & defense, automotive, infrastructure, power, and telecommunication industries stimulate the regional market growth. India, South Korea, China, and Japan are the leading markets in the region. The APAC non-destructive testing methods and applications is expected to grow at an impressive CAGR during the review period.

Key Stakeholders
Non-destructive testing methods and applications Manufacturers
Non-destructive testing methods and applications Distributors/Traders/Wholesalers
Non-destructive testing methods and applications Subcomponent Manufacturers
Industry Association
Downstream Vendors

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Complete Report Details@  https://www.marketresearchfuture.com/reports/non-destructive-testing-services-market-5580

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

….

13 Company Profiles

13.1 MISTRAS Group, Inc. (U.S.)

13.1.1 Company Overview

13.1.2 Type/Business Segment Overview

13.1.3 Financial Updates

13.1.4 Key Developments

13.2 Olympus Corporation (Japan)

13.2.1 Company Overview

13.2.2 Type/Business Segment Overview

13.2.3 Financial Updates

13.2.4 Key Developments

13.3 GE Inspection Technologies (U.S.)

13.3.1 Company Overview

13.3.2 Type/Business Segment Overview

13.3.3 Financial Updates

13.3.4 Key Developments

13.4 Intertek Group PLC (U.K.)

13.4.1 Company Overview

13.4.2 Type/Business Segment Overview

13.4.3 Financial Updates

13.4.4 Key Developments

And more

Continued…

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