Non-Destructive Testing (NDT) Services Market was valued at USD 4.12 Billion in 2022 and is projected to reach USD 7.12 Billion by 2030, growing at a CAGR of 7.1% from 2024 to 2030.
The Non-Destructive Testing (NDT) services market was valued at approximately USD 10.5 billion in 2022, and it is anticipated to grow at a compound annual growth rate (CAGR) of 7.2% from 2023 to 2030. This growth is driven by the increasing demand for safety and quality assurance across various industries, including aerospace, automotive, and energy. The need for regular inspections and maintenance to ensure operational efficiency and compliance with regulatory standards has further fueled the market expansion. Additionally, technological advancements and the development of innovative NDT methods contribute significantly to the market's robust growth trajectory.
Opportunities in the NDT services market are expanding with the rising adoption of advanced NDT technologies such as ultrasonic testing, radiographic testing, and eddy current testing. Emerging markets, particularly in Asia-Pacific and Latin America, are showing significant growth potential due to industrialization and infrastructure development. These regions are witnessing increased investments in industrial and manufacturing sectors, thereby driving demand for NDT services. The ongoing focus on improving infrastructure safety and operational reliability presents lucrative opportunities for NDT service providers to cater to diverse market needs and drive future growth.
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TWI Ltd
Magnaflux Corp.
Fujifilm Corporation
SGS Group
Yxlon International Gmbh (Comet Holding Ag)
Sonatest
MISTRAS Group
VOGT Ultrasonics GmbH
Nikon Metrology NV
Olympus Corporation
Intertek Group Plc.
INNERSPEC TECHNOLOGIES
Applied Technical Services
Team Inc
Intertek Group plc
TUV Rheinland
Nexxis
Bureau Veritas S.A.
Applus Services
GE Measurement & Control Solutions
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Non-Destructive Testing (NDT) Services Market
Oil & Gas
Power & Energy
Construction
Automotive & Transportation
Aerospace
Defense
Other
Based on Types the Market is categorized into Below types that held the largest Non-Destructive Testing (NDT) Services market share In 2023.
Acoustic Emission Testing (AE)
Electromagnetic Testing (ET)
Ground Penetrating Radar (GPR)
Phased Array Ultrasonic Testing (PAUT)
Laser Testing Methods (LM)
Leak Testing (LT)
Magnetic Flux Leakage (MFL)
Microwave Testing
Liquid Penetrant Testing (PT)
Magnetic Particle Testing (MT)
Neutron Radiographic Testing (NR)
Radiographic Testing (RT)
Thermal/Infrared Testing (IRT)
Ultrasonic Testing (UT)
Vibration Analysis (VA)
Visual Testing (VT)
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Non-Destructive Testing (NDT) Services Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Non-Destructive Testing (NDT) Services Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Non-Destructive Testing (NDT) Services Market, By Type
6. Global Non-Destructive Testing (NDT) Services Market, By Application
7. Global Non-Destructive Testing (NDT) Services Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Non-Destructive Testing (NDT) Services Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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