Ultrasonic Testing - Global Market Outlook (2020-2028)
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.
Services Covered:
All the customers of this report will be entitled to receive one of the following free customization options:
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.
Services Covered:
- Training Services
- Inspection Services
- Equipment Rental Services
- Calibration Services
- Ultrasonic Spectroscopy
- Immersion Testing
- Acoustography
- Time-Of-Flight Diffraction
- Guided Wave Testing
- Phased Array Techniques
- Material Thickness
- Dimensional Measurement
- Tube Inspection Systems
- Imaging Systems
- Thickness Gauges
- Bond Testers
- Flaw Detectors
- Transducers and Probes
- Industrial Scanners
- 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
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
- 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
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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
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
Table 1 Global Ultrasonic Testing Market Outlook, By Region (2019-2028) ($MN)
Table 2 Global Ultrasonic Testing Market Outlook, By Service (2019-2028) ($MN)
Table 3 Global Ultrasonic Testing Market Outlook, By Training Services (2019-2028) ($MN)
Table 4 Global Ultrasonic Testing Market Outlook, By Inspection Services (2019-2028) ($MN)
Table 5 Global Ultrasonic Testing Market Outlook, By Equipment Rental Services (2019-2028) ($MN)
Table 6 Global Ultrasonic Testing Market Outlook, By Calibration Services (2019-2028) ($MN)
Table 7 Global Ultrasonic Testing Market Outlook, By Type (2019-2028) ($MN)
Table 8 Global Ultrasonic Testing Market Outlook, By Ultrasonic Spectroscopy (2019-2028) ($MN)
Table 9 Global Ultrasonic Testing Market Outlook, By Immersion Testing (2019-2028) ($MN)
Table 10 Global Ultrasonic Testing Market Outlook, By Acoustography (2019-2028) ($MN)
Table 11 Global Ultrasonic Testing Market Outlook, By Time-of-Flight Diffraction (2019-2028) ($MN)
Table 12 Global Ultrasonic Testing Market Outlook, By Guided Wave Testing (2019-2028) ($MN)
Table 13 Global Ultrasonic Testing Market Outlook, By Phased Array Techniques (2019-2028) ($MN)
Table 14 Global Ultrasonic Testing Market Outlook, By Application (2019-2028) ($MN)
Table 15 Global Ultrasonic Testing Market Outlook, By Material Thickness (2019-2028) ($MN)
Table 16 Global Ultrasonic Testing Market Outlook, By Dimensional Measurement (2019-2028) ($MN)
Table 17 Global Ultrasonic Testing Market Outlook, By Equipment (2019-2028) ($MN)
Table 18 Global Ultrasonic Testing Market Outlook, By Tube Inspection Systems (2019-2028) ($MN)
Table 19 Global Ultrasonic Testing Market Outlook, By Imaging Systems (2019-2028) ($MN)
Table 20 Global Ultrasonic Testing Market Outlook, By Thickness Gauges (2019-2028) ($MN)
Table 21 Global Ultrasonic Testing Market Outlook, By Bond Testers (2019-2028) ($MN)
Table 22 Global Ultrasonic Testing Market Outlook, By Flaw Detectors (2019-2028) ($MN)
Table 23 Global Ultrasonic Testing Market Outlook, By Transducers and Probes (2019-2028) ($MN)
Table 24 Global Ultrasonic Testing Market Outlook, By Industrial Scanners (2019-2028) ($MN)
Table 25 Global Ultrasonic Testing Market Outlook, By End User (2019-2028) ($MN)
Table 26 Global Ultrasonic Testing Market Outlook, By Chemical & Petrochemical (2019-2028) ($MN)
Table 27 Global Ultrasonic Testing Market Outlook, By Sports and Entertainment (2019-2028) ($MN)
Table 28 Global Ultrasonic Testing Market Outlook, By Oil & Gas (2019-2028) ($MN)
Table 29 Global Ultrasonic Testing Market Outlook, By Energy & Power Generation (2019-2028) ($MN)
Table 30 Global Ultrasonic Testing Market Outlook, By Fossil Fuel (2019-2028) ($MN)
Table 31 Global Ultrasonic Testing Market Outlook, By Nuclear Power (2019-2028) ($MN)
Table 32 Global Ultrasonic Testing Market Outlook, By Renewable Energy (2019-2028) ($MN)
Table 33 Global Ultrasonic Testing Market Outlook, By Marine (2019-2028) ($MN)
Table 34 Global Ultrasonic Testing Market Outlook, By Manufacturing (2019-2028) ($MN)
Table 35 Global Ultrasonic Testing Market Outlook, By Aerospace (2019-2028) ($MN)
Table 36 Global Ultrasonic Testing Market Outlook, By Healthcare (2019-2028) ($MN)
Table 37 Global Ultrasonic Testing Market Outlook, By Food & Beverages (2019-2028) ($MN)
Table 38 Global Ultrasonic Testing Market Outlook, By Government Infrastructure and Public Infrastructure (2019-2028) ($MN)
Table 39 Global Ultrasonic Testing Market Outlook, By Bridges and Tunnels (2019-2028) ($MN)
Table 40 Global Ultrasonic Testing Market Outlook, By Military & Defense (2019-2028) ($MN)
Table 41 Global Ultrasonic Testing Market Outlook, By Railway Industry (2019-2028) ($MN)
Table 42 Global Ultrasonic Testing Market Outlook, By Automotive (2019-2028) ($MN)
Table 43 Global Ultrasonic Testing Market Outlook, By Banking, Financial Services and Insurance (BFSI) (2019-2028) ($MN)
Table 44 Global Ultrasonic Testing Market Outlook, By Retail and e-Commerce (2019-2028) ($MN)
Table 45 Global Ultrasonic Testing Market Outlook, By Transportation (2019-2028) ($MN)
Table 46 Global Ultrasonic Testing Market Outlook, By Plastics and Polymers (2019-2028) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
Table 1 Global Ultrasonic Testing Market Outlook, By Region (2019-2028) ($MN)
Table 2 Global Ultrasonic Testing Market Outlook, By Service (2019-2028) ($MN)
Table 3 Global Ultrasonic Testing Market Outlook, By Training Services (2019-2028) ($MN)
Table 4 Global Ultrasonic Testing Market Outlook, By Inspection Services (2019-2028) ($MN)
Table 5 Global Ultrasonic Testing Market Outlook, By Equipment Rental Services (2019-2028) ($MN)
Table 6 Global Ultrasonic Testing Market Outlook, By Calibration Services (2019-2028) ($MN)
Table 7 Global Ultrasonic Testing Market Outlook, By Type (2019-2028) ($MN)
Table 8 Global Ultrasonic Testing Market Outlook, By Ultrasonic Spectroscopy (2019-2028) ($MN)
Table 9 Global Ultrasonic Testing Market Outlook, By Immersion Testing (2019-2028) ($MN)
Table 10 Global Ultrasonic Testing Market Outlook, By Acoustography (2019-2028) ($MN)
Table 11 Global Ultrasonic Testing Market Outlook, By Time-of-Flight Diffraction (2019-2028) ($MN)
Table 12 Global Ultrasonic Testing Market Outlook, By Guided Wave Testing (2019-2028) ($MN)
Table 13 Global Ultrasonic Testing Market Outlook, By Phased Array Techniques (2019-2028) ($MN)
Table 14 Global Ultrasonic Testing Market Outlook, By Application (2019-2028) ($MN)
Table 15 Global Ultrasonic Testing Market Outlook, By Material Thickness (2019-2028) ($MN)
Table 16 Global Ultrasonic Testing Market Outlook, By Dimensional Measurement (2019-2028) ($MN)
Table 17 Global Ultrasonic Testing Market Outlook, By Equipment (2019-2028) ($MN)
Table 18 Global Ultrasonic Testing Market Outlook, By Tube Inspection Systems (2019-2028) ($MN)
Table 19 Global Ultrasonic Testing Market Outlook, By Imaging Systems (2019-2028) ($MN)
Table 20 Global Ultrasonic Testing Market Outlook, By Thickness Gauges (2019-2028) ($MN)
Table 21 Global Ultrasonic Testing Market Outlook, By Bond Testers (2019-2028) ($MN)
Table 22 Global Ultrasonic Testing Market Outlook, By Flaw Detectors (2019-2028) ($MN)
Table 23 Global Ultrasonic Testing Market Outlook, By Transducers and Probes (2019-2028) ($MN)
Table 24 Global Ultrasonic Testing Market Outlook, By Industrial Scanners (2019-2028) ($MN)
Table 25 Global Ultrasonic Testing Market Outlook, By End User (2019-2028) ($MN)
Table 26 Global Ultrasonic Testing Market Outlook, By Chemical & Petrochemical (2019-2028) ($MN)
Table 27 Global Ultrasonic Testing Market Outlook, By Sports and Entertainment (2019-2028) ($MN)
Table 28 Global Ultrasonic Testing Market Outlook, By Oil & Gas (2019-2028) ($MN)
Table 29 Global Ultrasonic Testing Market Outlook, By Energy & Power Generation (2019-2028) ($MN)
Table 30 Global Ultrasonic Testing Market Outlook, By Fossil Fuel (2019-2028) ($MN)
Table 31 Global Ultrasonic Testing Market Outlook, By Nuclear Power (2019-2028) ($MN)
Table 32 Global Ultrasonic Testing Market Outlook, By Renewable Energy (2019-2028) ($MN)
Table 33 Global Ultrasonic Testing Market Outlook, By Marine (2019-2028) ($MN)
Table 34 Global Ultrasonic Testing Market Outlook, By Manufacturing (2019-2028) ($MN)
Table 35 Global Ultrasonic Testing Market Outlook, By Aerospace (2019-2028) ($MN)
Table 36 Global Ultrasonic Testing Market Outlook, By Healthcare (2019-2028) ($MN)
Table 37 Global Ultrasonic Testing Market Outlook, By Food & Beverages (2019-2028) ($MN)
Table 38 Global Ultrasonic Testing Market Outlook, By Government Infrastructure and Public Infrastructure (2019-2028) ($MN)
Table 39 Global Ultrasonic Testing Market Outlook, By Bridges and Tunnels (2019-2028) ($MN)
Table 40 Global Ultrasonic Testing Market Outlook, By Military & Defense (2019-2028) ($MN)
Table 41 Global Ultrasonic Testing Market Outlook, By Railway Industry (2019-2028) ($MN)
Table 42 Global Ultrasonic Testing Market Outlook, By Automotive (2019-2028) ($MN)
Table 43 Global Ultrasonic Testing Market Outlook, By Banking, Financial Services and Insurance (BFSI) (2019-2028) ($MN)
Table 44 Global Ultrasonic Testing Market Outlook, By Retail and e-Commerce (2019-2028) ($MN)
Table 45 Global Ultrasonic Testing Market Outlook, By Transportation (2019-2028) ($MN)
Table 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.
