The global non-destructive testing market size is anticipated to reach USD 34,148.1 million by 2030, registering a CAGR of 7.9% from 2023 to 2030, according to a new report by Grand View Research, Inc. The market is expected to experience substantial growth during the forecast period. This growth can be attributed to the increasing manufacturing activities in both developing and developed nations.
The application of non-destructive testing (NDT) plays a crucial role in precise fault detection, effectively reducing the probability of product/component failures and associated repair costs. NDT also accelerates the manufacturing process by eliminating potential faults beforehand. The market is expected to be driven by the advancements in non-destructive testing methods, as these technological improvements ensure accurate fault detection and significantly reduce the complexity of testing procedures.
Gather more insights about the market drivers, restrains and growth of the Global Non-destructive Testing Market
The ultrasonic testing segment is projected to experience substantial growth, which can be attributed to factors such as the equipment's user-friendly nature, the presence of skilled technicians, and the precise detection of faults. Furthermore, the manufacturing segment is anticipated to extensively adopt NDT techniques during the forecast period due to the growing awareness of their benefits and applications.
Non-destructive Testing Market Report Highlights
• The market is expected to exhibit a CAGR of 7.9% over the next eight years owing to a rise in manufacturing-related activities, globally
• The services segment accounted for the largest revenue share of over 75.0% in 2022. The high upfront cost of non-destructive equipment coupled with technical complexities involved in their deployment/installation is the major reason influencing end-users to outsource their non-destructive testing operations
• Rapid industrialization, especially in developing economies has significantly contributed to the growth of the market
• The manufacturing vertical segment was the dominant segment in 2022 and is expected to witness a healthy CAGR of 9.3% over the forecast period owing to the increased manufacturing activities primarily in Asia Pacific.
• North America dominated the market in 2022 and accounted for the largest revenue share of more than 36.0%, owing to the extensive adoption of NDT techniques in the region
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• The global 3D projector market size was valued at USD 3.72 billion in 2023 and is projected to grow at a CAGR of 10.0% from 2024 to 2030.
• The global inkjet coders market was valued at USD 1.81 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 11.1% from 2024 to 2030.
Segments Covered in the Report
Grand View Research has segmented the global non-destructive testing market based on offering, test methods, vertical, and region:
Non-destructive Testing Offering Outlook (Revenue, USD Million; 2017 - 2030)
Services
Inspection Services
Support and Maintenance Services
Training Services
Others
Equipment
Non-destructive Testing Test Methods Outlook (Revenue, USD Million; 2017 - 2030)
Traditional NDT Method
Visual Testing
Magnetic Particle Testing
Liquid Penetrant Testing
Eddy Current Testing
Ultrasonic Testing
Radiographic Testing
Digital Radiography (DR)
Phased Array Ultrasonic Testing (PAUT)
Pulsed Eddy Current (PEC)
Time-Of-Flight Diffraction (TOFD)
Alternating Current Field Measurement (ACFM)
Automated Ultrasonic Testing (AUT)
Non-destructive Testing Vertical Outlook (Revenue, USD Million; 2017 - 2030)
Oil & Gas
Upstream
Midstream
Downstream
Manufacturing
Aerospace and Defense
Construction
Automotive
Power Generation
Others
Non-destructive Testing Regional Outlook (Revenue, USD Million, 2017 - 2030)
North America
U.S.
Canada
Europe
U.K.
Germany
France
Asia Pacific
China
Japan
India
South Korea
Australia
Latin America
Brazil
Mexico
Middle East and Africa (MEA)
KSA
UAE
South Africa
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