Global Ultrasonic Testing Market Size Study, by Phased Array, Time of Flight Diffraction, Immersion Testing, Guided Wave Testing, Acoustography, Flaw Detectors, Thickness Gauge, Transducers & Probes, Inspection Services, Calibration Services, and Regional Forecasts 2022-2032

January 2025 | 285 pages | ID: G9DDB4D26F30EN
Bizwit Research & Consulting LLP

Abstracts

The global ultrasonic testing market, valued at approximately USD 2.67 billion in 2023, is anticipated to expand at a robust CAGR of 9.50% during the forecast period from 2024 to 2032. Ultrasonic testing (UT), an advanced nondestructive testing (NDT) method, uses high-frequency sound waves to detect flaws and assess material properties, gaining significant traction across industrial sectors. This technology’s versatility and precision make it indispensable for critical inspections in industries such as aerospace, automotive, oil & gas, and power generation.

The burgeoning adoption of ultrasonic testing solutions is driven by heightened safety standards, stringent regulatory compliance, and the escalating demand for advanced NDT methods to prevent structural failures. Phased array and time-of-flight diffraction technologies are experiencing rising adoption due to their ability to deliver real-time imaging and greater defect detection accuracy. Additionally, the integration of digital technologies, including AI and IoT, into ultrasonic testing systems is revolutionizing inspection capabilities, fostering operational efficiency and reliability in complex industrial applications.

However, the market faces challenges such as the high initial cost of equipment and the need for skilled personnel to operate advanced systems. Nonetheless, ongoing advancements in portable and automated UT devices, coupled with the emergence of innovative calibration and inspection services, are mitigating these constraints. Moreover, the rise in asset integrity management and aging infrastructure in sectors like oil & gas and power generation offers lucrative growth prospects for ultrasonic testing providers.

Regionally, North America leads the global market, driven by well-established industrial sectors, stringent safety norms, and technological advancements. Europe follows closely, bolstered by its focus on sustainable energy and extensive adoption of UT in automotive and aerospace applications. Meanwhile, the Asia-Pacific region is poised to exhibit the fastest growth, propelled by increasing manufacturing activities, infrastructure development, and investments in industrial automation. Emerging regions such as Latin America and the Middle East & Africa are also gaining momentum, supported by expanding oil & gas exploration and industrialization efforts.

Major market players included in this report are:

• General Electric
• Olympus Corporation
• Zetec, Inc.
• Sonatest Ltd.
• Baker Hughes Company
• NDT Systems Inc.
• Eddyfi Technologies
• Mistras Group, Inc.
• Tecscan Systems Inc.
• Advanced NDT Ltd.
• Amerapex Corporation
• TWI Ltd.
• Magnaflux Corporation
• James Instruments Inc.
• SONOTEC GmbH

The detailed segments and sub-segments of the market are explained below:

By Technology:

• Phased Array
• Time of Flight Diffraction
• Immersion Testing
• Guided Wave Testing
• Acoustography

By Products and Services:

• Flaw Detectors
• Thickness Gauge
• Transducers & Probes
• Inspection Services
• Calibration Services

By Region:

North America:

• U.S.
• Canada

Europe:

• UK
• Germany
• France
• Spain
• Italy
• Rest of Europe

Asia Pacific:

• China
• India
• Japan
• Australia
• South Korea
• Rest of Asia Pacific

Latin America:

• Brazil
• Mexico
• Rest of Latin America

Middle East & Africa:

• Saudi Arabia
• South Africa
• Rest of Middle East & Africa

Years considered for the study are as follows:

• Historical Year: 2022
• Base Year: 2023
• Forecast Period: 2024 to 2032

Key Takeaways:

• Comprehensive market estimates and forecasts spanning a decade.
• Regional and segmental insights, with country-level analysis for precise market understanding.
• Competitive landscape profiling key players and their strategies.
• Actionable recommendations to capitalize on emerging opportunities effectively.

Contents

CHAPTER 1. GLOBAL ULTRASONIC TESTING MARKET EXECUTIVE SUMMARY

1.1. Global Ultrasonic Testing Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
  1.3.1. By Technology
    1.3.1.1. Phased Array
    1.3.1.2. Time of Flight Diffraction
    1.3.1.3. Immersion Testing
    1.3.1.4. Guided Wave Testing
    1.3.1.5. Acoustography
  1.3.2. By Products and Services
    1.3.2.1. Flaw Detectors
    1.3.2.2. Thickness Gauge
    1.3.2.3. Transducers & Probes
    1.3.2.4. Inspection Services
    1.3.2.5. Calibration Services
  1.3.3. By End-use Industry
    1.3.3.1. Manufacturing
    1.3.3.2. Oil & Gas
    1.3.3.3. Aerospace
    1.3.3.4. Automotive
    1.3.3.5. Power Generation
    1.3.3.6. Others
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

CHAPTER 2. GLOBAL ULTRASONIC TESTING MARKET DEFINITION AND RESEARCH ASSUMPTIONS

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
  2.3.1. Inclusion & Exclusion
  2.3.2. Limitations
  2.3.3. Supply Side Analysis
    2.3.3.1. Availability
    2.3.3.2. Infrastructure
    2.3.3.3. Regulatory Environment
    2.3.3.4. Market Competition
    2.3.3.5. Economic Viability (Consumer’s Perspective)
  2.3.4. Demand Side Analysis
    2.3.4.1. Regulatory Frameworks
    2.3.4.2. Technological Advancements
    2.3.4.3. Environmental Considerations
    2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

CHAPTER 3. GLOBAL ULTRASONIC TESTING MARKET DYNAMICS

3.1. Market Drivers
  3.1.1. Increasing Adoption of Advanced Technologies (e.g., IoT, AI)
  3.1.2. Rising Demand for Safety and Quality Assurance
  3.1.3. Growing Industrial Automation and Infrastructure Development
3.2. Market Challenges
  3.2.1. High Initial Investment Costs
  3.2.2. Data Security and Privacy Concerns
3.3. Market Opportunities
  3.3.1. Expansion of Oil & Gas and Renewable Energy Sectors
  3.3.2. Advancements in Portable and Automated UT Devices
  3.3.3. Government Initiatives Promoting Industrial Safety

CHAPTER 4. GLOBAL ULTRASONIC TESTING MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
  4.1.6. Futuristic Approach to Porter’s 5 Force Model
  4.1.7. Porter’s 5 Force Impact Analysis
4.2. PESTEL Analysis
  4.2.1. Political
  4.2.2. Economical
  4.2.3. Social
  4.2.4. Technological
  4.2.5. Environmental
  4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL ULTRASONIC TESTING MARKET SIZE & FORECASTS BY TECHNOLOGY 2022-2032

5.1. Segment Dashboard
5.2. Global Ultrasonic Testing Market: Technology Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
  5.2.1. Phased Array
  5.2.2. Time of Flight Diffraction
  5.2.3. Immersion Testing
  5.2.4. Guided Wave Testing
  5.2.5. Acoustography

CHAPTER 6. GLOBAL ULTRASONIC TESTING MARKET SIZE & FORECASTS BY PRODUCTS AND SERVICES 2022-2032

6.1. Segment Dashboard
6.2. Global Ultrasonic Testing Market: Products and Services Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
  6.2.1. Flaw Detectors
  6.2.2. Thickness Gauge
  6.2.3. Transducers & Probes
  6.2.4. Inspection Services
  6.2.5. Calibration Services

CHAPTER 7. GLOBAL ULTRASONIC TESTING MARKET SIZE & FORECASTS BY END-USE INDUSTRY 2022-2032

7.1. Segment Dashboard
7.2. Global Ultrasonic Testing Market: End-use Industry Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
  7.2.1. Manufacturing
  7.2.2. Oil & Gas
  7.2.3. Aerospace
  7.2.4. Automotive
  7.2.5. Power Generation
  7.2.6. Others

CHAPTER 8. GLOBAL ULTRASONIC TESTING MARKET SIZE & FORECASTS BY REGION 2022-2032

8.1. North America Ultrasonic Testing Market
  8.1.1. U.S. Ultrasonic Testing Market
    8.1.1.1. Technology Breakdown Size & Forecasts, 2022-2032
    8.1.1.2. Products and Services Breakdown Size & Forecasts, 2022-2032
  8.1.2. Canada Ultrasonic Testing Market
    8.1.2.1. Technology Breakdown Size & Forecasts, 2022-2032
    8.1.2.2. Products and Services Breakdown Size & Forecasts, 2022-2032
8.2. Europe Ultrasonic Testing Market
  8.2.1. UK Ultrasonic Testing Market
  8.2.2. Germany Ultrasonic Testing Market
  8.2.3. France Ultrasonic Testing Market
  8.2.4. Spain Ultrasonic Testing Market
  8.2.5. Italy Ultrasonic Testing Market
  8.2.6. Rest of Europe Ultrasonic Testing Market
8.3. Asia-Pacific Ultrasonic Testing Market
  8.3.1. China Ultrasonic Testing Market
  8.3.2. India Ultrasonic Testing Market
  8.3.3. Japan Ultrasonic Testing Market
  8.3.4. Australia Ultrasonic Testing Market
  8.3.5. South Korea Ultrasonic Testing Market
  8.3.6. Rest of Asia Pacific Ultrasonic Testing Market
8.4. Latin America Ultrasonic Testing Market
  8.4.1. Brazil Ultrasonic Testing Market
  8.4.2. Mexico Ultrasonic Testing Market
  8.4.3. Rest of Latin America Ultrasonic Testing Market
8.5. Middle East & Africa Ultrasonic Testing Market
  8.5.1. Saudi Arabia Ultrasonic Testing Market
  8.5.2. South Africa Ultrasonic Testing Market
  8.5.3. Rest of Middle East & Africa Ultrasonic Testing Market

CHAPTER 9. COMPETITIVE INTELLIGENCE

9.1. Key Company SWOT Analysis
  9.1.1. General Electric
  9.1.2. Olympus Corporation
  9.1.3. Zetec, Inc.
9.2. Top Market Strategies
9.3. Company Profiles
  9.3.1. General Electric
    9.3.1.1. Key Information
    9.3.1.2. Overview
    9.3.1.3. Financial (Subject to Data Availability)
    9.3.1.4. Product Summary
    9.3.1.5. Market Strategies
  9.3.2. Olympus Corporation
  9.3.3. Zetec, Inc.
  9.3.4. Sonatest Ltd.
  9.3.5. Baker Hughes Company
  9.3.6. NDT Systems Inc.
  9.3.7. Eddyfi Technologies
  9.3.8. Mistras Group, Inc.
  9.3.9. Tecscan Systems Inc.
  9.3.10. Advanced NDT Ltd.
  9.3.11. Amerapex Corporation
  9.3.12. TWI Ltd.
  9.3.13. Magnaflux Corporation
  9.3.14. James Instruments Inc.
  9.3.15. SONOTEC GmbH

CHAPTER 10. RESEARCH PROCESS

10.1. Research Process
  10.1.1. Data Mining
  10.1.2. Analysis
  10.1.3. Market Estimation
  10.1.4. Validation
  10.1.5. Publishing
10.2. Research Attributes

List Of Tables

LIST OF TABLES

TABLE 1. Global Ultrasonic Testing Market, Report Scope
TABLE 2. Global Ultrasonic Testing Market Estimates & Forecasts by Region 2022-2032 (USD Million/Billion)
TABLE 3. Global Ultrasonic Testing Market Estimates & Forecasts by Technology 2022-2032 (USD Million/Billion)
TABLE 4. Global Ultrasonic Testing Market Estimates & Forecasts by Products and Services 2022-2032 (USD Million/Billion)
TABLE 5. Global Ultrasonic Testing Market Estimates & Forecasts by End-use Industry 2022-2032 (USD Million/Billion)
TABLE 6. Global Ultrasonic Testing Market Estimates & Forecasts by Technology 2022-2032 (USD Million/Billion)
TABLE 7. Global Ultrasonic Testing Market Estimates & Forecasts by Products and Services 2022-2032 (USD Million/Billion)
TABLE 8. Global Ultrasonic Testing Market Estimates & Forecasts by End-use Industry 2022-2032 (USD Million/Billion)
TABLE 9. Global Ultrasonic Testing Market Estimates & Forecasts by Technology 2022-2032 (USD Million/Billion)
TABLE 10. Global Ultrasonic Testing Market Estimates & Forecasts by Products and Services 2022-2032 (USD Million/Billion)
TABLE 11. Global Ultrasonic Testing Market Estimates & Forecasts by End-use Industry 2022-2032 (USD Million/Billion)
TABLE 12. Global Ultrasonic Testing Market Estimates & Forecasts by Product Type 2022-2032 (USD Million/Billion)
TABLE 13. Global Ultrasonic Testing Market Estimates & Forecasts by Region 2022-2032 (USD Million/Billion)
TABLE 14. Global Ultrasonic Testing Market Estimates & Forecasts by Technology 2022-2032 (USD Million/Billion)
TABLE 15. U.S. Ultrasonic Testing Market Estimates & Forecasts, 2022-2032 (USD Million/Billion)
TABLE 16. U.S. Ultrasonic Testing Market Estimates & Forecasts by Technology 2022-2032 (USD Million/Billion)
TABLE 17. U.S. Ultrasonic Testing Market Estimates & Forecasts by Application 2022-2032 (USD Million/Billion)
TABLE 18. Canada Ultrasonic Testing Market Estimates & Forecasts, 2022-2032 (USD Million/Billion)
TABLE 19. Canada Ultrasonic Testing Market Estimates & Forecasts by Technology 2022-2032 (USD Million/Billion)
TABLE 20. Canada Ultrasonic Testing Market Estimates & Forecasts by Application 2022-2032 (USD Million/Billion)
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This list is not complete; the final report does contain more than 100 tables. The list may be updated in the final deliverable.