Non-Destructive Testing and Inspection Market by Technique (Visual Testing, Magnetic Particle, Liquid Penetrant, Eddy-Current, Ultrasonic, Radiographic, Acoustic Emission), Method, Service, Vertical, and Geography - Global Forecast to 2024

Date: March 5, 2019
Pages: 215
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Publisher: MarketsandMarkets
Report type: Strategic Report
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ID: NB1F3117F09EN
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Non-Destructive Testing and Inspection Market by Technique (Visual Testing, Magnetic Particle, Liquid Penetrant, Eddy-Current, Ultrasonic, Radiographic, Acoustic Emission), Method, Service, Vertical, and Geography - Global Forecast to 2024
Stringent government regulations regarding public safety and product quality to drive the overall NDT and inspection market growth

The non-destructive testing and inspection market is estimated to grow from USD 8.3 billion in 2018 to USD 12.6 billion by 2024; it is expected to grow at a CAGR of 7.24% from 2018 to 2024. Stringent government regulations regarding public safety and product quality, and continuous advances in electronics, automation, and robotics are a few major factors driving the growth of the NDT and inspection market. The high adoption of IoT devices and rising need to assess the health of aging assets are the other factors that propel the growth of the NDT and inspection market.

Based on techniques, the market for the eddy-current testing (ECT) technique to witness a high CAGR during the forecast period

The eddy-current testing technique is expected to grow rapidly during the forecast period from 2018 to 2024. This technique is used to measure or identify the surface and alloy content, subsurface cracks and seams, conductivity, heat treatment variations, crack depth, coating thickness, and permeability. It is widely used in the aerospace and manufacturing verticals, as well as in service environments that inspect safety or quality-related issues. The eddy-current testing approach is used to check surface-breaking cracks on metals and inspect discontinuities in metal tubes.

Training services to grow at the highest CAGR during the forecast period

Training services are likely to continue to gain the second-largest market share in the coming years since training NDT technicians to keep them updated with new technological trends and make them aware of changing demands of the customers is equally essential. The market for training services is expected to grow at the highest CAGR during the forecast period.

APAC to be the fastest-growing market for non-destructive testing and inspection activities

Asia Pacific is likely to be the fastest-growing region in the NDT and inspection market owing to the rapid infrastructural development and adoption of automation in manufacturing industries in countries such as India and China. The Make in India campaign promotion by the government, along with the development in the Smart Cities project, provides lucrative opportunities for the players in the NDT and inspection market in India. The market in India is expected to grow at the highest CAGR during the forecast period.

In-depth interviews have been conducted with C-level executives, managers, and other executives from various key organizations operating in the NDT and inspection market.

Break-up of profiles of primary participants for the report is given below:
  • By Company Type: Tier 1 – 26%, Tier 2 – 32%, and Tier 3 – 42%
  • By Designation: C-Level Executives –52%, Directors – 23%, and Managers – 25%
  • By Region: North America - 44%, Europe – 29%, APAC – 23%, and RoW – 4%
Major players in the NDT and inspection market include General Electric (US), Olympus Corporation (Japan), MISTRAS Group (US), Nikon Metrology (Belgium), and Ashtead Technology (Scotland), YXLON International (Germany), Sonatest (UK), Zetec, Inc. (US), T.D. Williamson Inc. (US), Bosello High Technology srl (Italy), Eddyfi (Canada), and Magnaflux (US), Fischer Technology Inc. (US), Cygnus Instruments Ltd. (UK), NDT Global GmbH (Germany), Acuren (US), and LynX Inspection (Canada).

The study includes an in-depth competitive analysis of these key players in the NDT and inspection market, with their company profiles, recent developments, and key market strategies.

Research Coverage:

The report defines, describes, and forecasts the NDT and inspection market based on technique, method, service, vertical, and geography. It also analyzes competitive developments such as product launches and developments, agreements, partnerships, collaborations, merger and acquisitions, and expansions carried out by key players to grow in the market.

Key Benefits of Buying the Report

The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall NDT and inspection market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
1 INTRODUCTION

1.1 STUDY OBJECTIVES
1.2 DEFINITION
1.3 STUDY SCOPE
  1.3.1 MARKETS COVERED
  1.3.2 GEOGRAPHIC SCOPE
  1.3.3 YEARS CONSIDERED
1.4 CURRENCY
1.5 PACKAGE SIZE
1.6 STAKEHOLDERS

2 RESEARCH METHODOLOGY

2.1 RESEARCH DATA
  2.1.1 SECONDARY DATA
    2.1.1.1 Key data from secondary sources
  2.1.2 PRIMARY DATA
    2.1.2.1 Key data from primary source
    2.1.2.2 Key industry insights
    2.1.2.3 Breakdown of primaries
2.2 MARKET SIZE ESTIMATION
  2.2.1 BOTTOM-UP APPROACH
    2.2.1.1 Approach for capturing market size by bottom-up analysis (demand side)
  2.2.2 TOP-DOWN APPROACH
    2.2.2.1 Approach for capturing market size by top-down analysis (supply side)
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
2.5 RESEARCH LIMITATION

3 EXECUTIVE SUMMARY

4 PREMIUM INSIGHTS

4.1 ATTRACTIVE OPPORTUNITIES FOR NON-DESTRUCTIVE TESTING AND INSPECTION MARKET
4.2 NON-DESTRUCTIVE TESTING AND INSPECTION MARKET – YEAR-WISE GROWTH OF MARKET FOR NDT SERVICES
4.3 NON-DESTRUCTIVE TESTING AND INSPECTION MARKET IN APAC, BY COUNTRY AND VERTICAL, 2017
4.4 MARKET SHARE OF MAJOR COUNTRIES, 2018
4.5 NON-DESTRUCTIVE AND INSPECTION MARKET, BY TECHNIQUE, 2018 VS. 2024

5 MARKET OVERVIEW

5.1 INTRODUCTION
5.2 EVOLUTION OF NON-DESTRUCTIVE TESTING
5.3 MARKET DYNAMICS
  5.3.1 DRIVERS
    5.3.1.1 Stringent government regulations regarding public safety and product quality
    5.3.1.2 Continuous advances in electronics, automation, and robotics
    5.3.1.3 High adoption of IoT devices
    5.3.1.4 Rising need to assess health of aging assets
  5.3.2 RESTRAINTS
    5.3.2.1 Dearth of skilled and qualified personnel for inspection services
  5.3.3 OPPORTUNITIES
    5.3.3.1 Large-scale infrastructural developments in APAC, Europe, and Latin America
    5.3.3.2 Growing demand for NDT inspection services from power generation industry
    5.3.3.3 Technological advancements creating new application areas for NDT equipment
    5.3.3.4 Importance of NDT in controlling corrosion in aging infrastructure
  5.3.4 CHALLENGES
    5.3.4.1 Evident reluctance to adopt new NDT techniques
    5.3.4.2 Increased complexity of machines and structures
    5.3.4.3 High cost of automated NDT equipment
5.4 APPLICATIONS OF NDT
  5.4.1 DIMENSIONAL MEASUREMENT
  5.4.2 FLAW DETECTION
  5.4.3 LEAK DETECTION
  5.4.4 ESTIMATION OF PHYSICAL PROPERTIES
  5.4.5 CHEMICAL COMPOSITION DETERMINATION
    5.4.5.1 Plasma emission spectrography
    5.4.5.2 Corrosion resistance testing
  5.4.6 STRESS AND STRUCTURE ANALYSIS
  5.4.7 OTHERS

6 INDUSTRY TRENDS

6.1 INTRODUCTION
6.2 VALUE CHAIN ANALYSIS
6.3 EMERGING TRENDS: NON-DESTRUCTIVE TESTING AND INSPECTION EQUIPMENT INDUSTRY
  6.3.1 USING COMBINATION OF TECHNIQUES
  6.3.2 DEVELOPMENT OF NEW MATERIALS TO REFURBISH MARKET
  6.3.3 INCREASED CUSTOMER EXPECTATIONS FROM NDT EQUIPMENT
6.4 REGULATIONS AND STANDARDS RELATED TO NDT
6.5 LEADING ASSOCIATIONS FOR NDT
  6.5.1 THE AMERICAN SOCIETY FOR NDT
  6.5.2 BRITISH INSTITUTE OF NON-DESTRUCTIVE TESTING
  6.5.3 ASTM INTERNATIONAL
  6.5.4 IMPACT OF EMERGING TECHNOLOGIES ON NDT
6.6 ECONOMIC IMPACT OF NDT AND INSPECTION TECHNIQUES
  6.6.1 USE CASE 1: PUBLIC INFRASTRUCTURE
  6.6.2 USED CASE 2: OIL & GAS INDUSTRY

7 NON-DESTRUCTIVE TESTING AND INSPECTION MARKET, BY TECHNIQUE

7.1 INTRODUCTION
7.2 ULTRASONIC TESTING (UT)
  7.2.1 STRAIGHT BEAM TESTING
    7.2.1.1 Straight beam testing are deployed for composites and pipeline corrosion mapping applications
  7.2.2 ANGLE BEAM TESTING
    7.2.2.1 Angle beam testing is most commonly used for weld inspection
  7.2.3 IMMERSION TESTING
    7.2.3.1 Immersion testing technique is used to assure the quality of welding surfaces
  7.2.4 GUIDED WAVE TESTING
    7.2.4.1 Guided-wave testing helps in overall screening coverage of the pipe wall
  7.2.5 PHASED ARRAY TESTING
    7.2.5.1 Phased array inspection is used for corrosion, weld inspection, thickness measurement, flaw and crack detection
  7.2.6 TIME-OF-FLIGHT DIFFRACTION (TOFD)
    7.2.6.1 Time-of-flight diffraction is one of the most accurate methods of NDT and inspection
7.3 VISUAL INSPECTION TESTING (VT)
  7.3.1 GENERAL VISUAL INSPECTION
    7.3.1.1 General visual inspection is a cost-effective approach for quick detection of flaws in testing object
  7.3.2 AIDED VISUAL INSPECTION
    7.3.2.1 Borescope
      7.3.2.1.1 Borescopes are used for inspection of aircraft engines, steam turbines, diesel engines, and automotive engines.
    7.3.2.2 Endoscope
      7.3.2.2.1 Endoscope is a cost-effective and time-saving tools used to inspect hollow cavities and components
    7.3.2.3 Videoscope
      7.3.2.3.1 Videoscope provides a high-quality image for detecting flaws and streamlining the process of inspection.
7.4 MAGNETIC PARTICLE TESTING (MPT)
  7.4.1 INCREASING DEMAND OF MAGNETIC PARTICLE TESTING FOR UNDERWATER INSPECTION APPLICATION IS EXPECTED TO DRIVE THE NDT AND INSPECTION MARKET
7.5 LIQUID PENETRANT TESTING (LPT)
  7.5.1 INCREASING DEMAND FOR LIQUID PENETRANT TESTING ACROSS A VARIETY OF MATERIALS TO DRIVE THE NDT AND INSPECTION MARKET
7.6 EDDY-CURRENT TESTING (ECT)
  7.6.1 ALTERNATING CURRENT FIELD MEASUREMENT (ACFM)
    7.6.1.1 ACFM technique is used for welds and threat inspections of magnetic and non-magnetic component
  7.6.2 REMOTE-FIELD TESTING (RFT)
    7.6.2.1 RFT technique helps in detection of defects in the internal and external surfaces
  7.6.3 EDDY-CURRENT ARRAY (ECA)
    7.6.3.1 ECA technique has improved detection capability for the detection of corrosion
7.7 RADIOGRAPHIC TESTING (RT)
  7.7.1 X-RAY TESTING
    7.7.1.1 X-ray testing is commonly used for the detection of surface and internal discontinuities
  7.7.2 GAMMA-RAY TESTING
    7.7.2.1 Gamma rays testing are commonly used to detect defects in materials with internal voids
  7.7.3 COMPUTED RADIOGRAPHY
    7.7.3.1 Growing adoption of computed radiography due to multiple area of application in NDT and inspection market
  7.7.4 FILM RADIOGRAPHY
    7.7.4.1 Film radiography is deployed for inspecting hidden flaws in different types of materials.
  7.7.5 DIRECT RADIOGRAPHY (REAL-TIME)
    7.7.5.1 Direct radiography is used for crack detection, image processing and 3D visualization application
7.8 ACOUSTIC EMISSION TESTING (AET)
  7.8.1 INCREASING DEMAND FOR ACOUSTIC EMISSION TESTING FROM METAL FABRICATION INDUSTRY TO DRIVE THE NDT AND INSPECTION MARKET
7.9 OTHERS
  7.9.1 TERAHERTZ IMAGING
  7.9.2 NEAR-INFRARED SPECTROSCOPY

8 NON-DESTRUCTIVE TESTING AND INSPECTION MARKET, BY METHOD

8.1 INTRODUCTION
8.2 VISUAL INSPECTION
  8.2.1 VISUAL INSPECTION IS THE MOST COST-EFFECTIVE METHOD FOR SURFACE INSPECTION
8.3 SURFACE INSPECTION
  8.3.1 SURFACE INSPECTION TECHNIQUE IS DEPLOYED TO DETECT CRACKS AND DISCONTINUITIES ON THE SURFACE OF THE COMPONENT.
8.4 VOLUMETRIC INSPECTION
  8.4.1 VOLUMETRIC INSPECTION METHOD TO HELD THE LARGEST SHARE OF THE NDT AND INSPECTION MARKET IN 2018
8.5 OTHER METHODS

9 NON-DESTRUCTIVE TESTING AND INSPECTION MARKET, BY SERVICE

9.1 INTRODUCTION
9.2 INSPECTION SERVICES
  9.2.1 ULTRASONIC INSPECTION
    9.2.1.1 Ultrasonic inspection is proven technique to detect the internal defects with high accuracy.
  9.2.2 RADIOGRAPHIC INSPECTION
    9.2.2.1 Radiography inspection is widely applied for the detection of both planar and volumetric defects
  9.2.3 VISUAL INSPECTION
    9.2.3.1 Visual inspection is a cost-effective technique used for the inspection of objects, parts, or components
  9.2.4 MAGNETIC PARTICLE INSPECTION
    9.2.4.1 Magnetic particle inspection is used to detect surface and subsurface discontinuities in ferromagnetic materials.
  9.2.5 ADVANCED EDDY-CURRENT INSPECTION
    9.2.5.1 Advanced eddy-current equipment is used for fault detection and inspection of complex shapes of conductive materials
  9.2.6 LIQUID PENETRANT INSPECTION
    9.2.6.1 Liquid penetrant inspection can detect a surface discontinuity in both ferromagnetic and non-ferromagnetic materials
9.3 EQUIPMENT RENTAL SERVICES
  9.3.1 EQUIPMENT RENTAL SERVICES TO GROW AT THE SECOND-HIGHEST CAGR IN THE NON-DESTRUCTIVE TESTING AND INSPECTION MARKET DURING THE FORECAST PERIOD
9.4 CALIBRATION SERVICES
  9.4.1 NEED FOR HIGHER ACCURACY AND ERROR REDUCTION IN TESTING EQUIPMENT TO DRIVE THE DEMAND FOR CALIBRATION SERVICES
9.5 TRAINING SERVICES
  9.5.1 TRAINING SERVICES TO GROW AT THE HIGHEST CAGR IN THE NON-DESTRUCTIVE TESTING AND INSPECTION MARKET DURING THE FORECAST PERIOD

10 NON-DESTRUCTIVE TESTING AND INSPECTION MARKET, BY VERTICAL

10.1 INTRODUCTION
10.2 MANUFACTURING
  10.2.1 ADVANCED NDT TECHNIQUES FOR MANUFACTURING VERTICAL
    10.2.1.1 Electromagnetic Acoustic Transducer (EMAT) technique
      10.2.1.1.1 EMAT technique increases the overall probability of detection of flaws and fracture along the metal surfaces.
10.3 OIL & GAS
  10.3.1 REFINING
    10.3.1.1 Key testing techniques used in refineries include ultrasonic testing, radiography testing, visual inspection, and X-ray testing
  10.3.2 TRANSMISSION PIPELINES
    10.3.2.1 Increasing demand for inspection and maintenance of transmission pipelines to drive the ndt and inspection market
  10.3.3 SUBSEA PIPELINES
    10.3.3.1 NDT and inspection techniques are deployed for corrosion mapping application in subsea pipelines
  10.3.4 STORAGE TANKS
    10.3.4.1 NDT techniques applied for the detection of imperfections in tanks and corrosion on surface testing
  10.3.5 ADVANCED NDT TECHNIQUES FOR OIL & GAS VERTICAL
    10.3.5.1 Long-Range Ultrasonic Technique (LRUT)
      10.3.5.1.1 Long-range ultrasonic technique is deployed for the detection of corrosion under insulation (CUI) in onshore and offshore oil and gas pipelines
    10.3.5.2 Positive metal identification technique
      10.3.5.2.1 Positive metal identification technique is deployed for the identification of Flow Acceleration Corrosion (FAC).
10.4 AEROSPACE
  10.4.1 AIRCRAFT ENGINE PART PRODUCTION WOULD BE KEY APPLICATION AREA FOR NDT EQUIPMENT TESTING
    10.4.1.1 Eddy-current testing, ultrasonic testing, and visual inspection are the major techniques used for testing aircraft engine parts
  10.4.2 COMPOSITE AIRFRAME MANUFACTURING LIKELY TO BE NEXT CULT OF NDT EQUIPMENT APPLICATION
    10.4.2.1 Increasing use of composite materials in aerospace vertical to drive the NDT and inspection market
  10.4.3 AIRCRAFT MAINTENANCE
    10.4.3.1 Ultrasonic testing, radiography testing, visual inspection, and infrared thermography are major techniques used for aircraft maintenance.
  10.4.4 MATERIAL ANALYSIS
    10.4.4.1 Penetrant testing is the most common technique used for material analysis
  10.4.5 ADVANCED NDT TECHNIQUE FOR AEROSPACE VERTICAL
    10.4.5.1 Dynamic thermography
      10.4.5.1.1 Dynamic thermography provides real-time high-speed scanning and contactless inspection
    10.4.5.2 Air-coupled ultrasound
      10.4.5.2.1 Air coupled ultrasound technique provides detection of defects with high accuracy and probability.
    10.4.5.3 Dynamic Interferometry
      10.4.5.3.1 Dynamic Interferometry provides cost effective and faster rate of inspection
10.5 PUBLIC INFRASTRUCTURE
  10.5.1 MILITARY & DEFENSE
    10.5.1.1 NDT techniques are deployed for components of helicopters, aircraft engine turbine blades, RF materials, straps, and eject handles.
  10.5.2 AIRPORT SECURITY
    10.5.2.1 Increasing demand for NDT and inspection techniques in airport security due to rising passenger traffic
  10.5.3 RAILWAYS
    10.5.3.1 Railways in APAC to witness high demand for NDT and inspection techniques
  10.5.4 BRIDGES AND TUNNELS
    10.5.4.1 Growing demand for maintenance of aging Bridges and tunnels to drive the NDT and inspection market for public infrastructure vertical
  10.5.5 BORDER CROSSING
    10.5.5.1 NDT barriers are used in border crossing, scanning of trucks and vehicles
  10.5.6 NUCLEAR WASTE STORAGE AND DECOMMISSIONING
    10.5.6.1 NDT technique are deployed for leak detection application in a nuclear power plant
  10.5.7 ADVANCED NDT TECHNIQUES FOR PUBLIC INFRASTRUCTURE
    10.5.7.1 Impact echo
      10.5.7.1.1 Major advantage of impact echo technique is high accuracy and reliability of inspection
    10.5.7.2 Ground Penetrating Radar (GPR)
      10.5.7.2.1 Ground penetrating radar detects rebar, corrosion, and delamination in the testing surface
10.6 AUTOMOTIVE
  10.6.1 ADVANCED NDT TECHNIQUES FOR AUTOMOTIVE VERTICAL
    10.6.1.1 High-energy digital radiography
      10.6.1.1.1 Combination of high energy source with a digital detector array and digital line array helps in improving the overall inspection quality of the automotive component
10.7 POWER GENERATION
  10.7.1 NUCLEAR POWER PLANTS
    10.7.1.1 Nuclear power plants expected to be A major contributor to the growth of the NDT and inspection market for the power generation vertical
  10.7.2 WIND TURBINES
    10.7.2.1 Growing demand for maintenance and inspection services in wind turbines to drive the NDT and inspection market for the power generation vertical
  10.7.3 SOLAR POWER
    10.7.3.1 Digital radiography is a key technique used in solar power plants to detect defects accurately and efficiently
  10.7.4 FOSSIL FUEL ENERGY
    10.7.4.1 Radiography and ultrasonic testing are the major techniques used for fossil fuel plant inspection
  10.7.5 ADVANCED NDT TECHNIQUE IN POWER GENERATION VERTICAL
    10.7.5.1 Galvano static pulse measurement
      10.7.5.1.1 Galvano static pulse measurement technique provides real-time measurement of corrosion in metal structure
    10.7.5.2 Ultrasonic pulse echo testing
      10.7.5.2.1 Ultrasonic pulse echo testing detects the presence of cracks and porosity in a metal or steel structure
10.8 OTHERS
  10.8.1 MARINE
  10.8.2 MEDICAL AND HEALTH
  10.8.3 PLASTICS & POLYMERS

11 GEOGRAPHIC ANALYSIS

11.1 INTRODUCTION
11.2 NORTH AMERICA
  11.2.1 US
    11.2.1.1 US to hold the largest share of the NDT and inspection market in North America by 2018
  11.2.2 CANADA
    11.2.2.1 Growing demand for advanced material testing to drive the NDT and inspection market in Canada
  11.2.3 MEXICO
    11.2.3.1 NDT and inspection market in Mexico to grow at the highest CAGR during the forecast period
11.3 EUROPE
  11.3.1 UK
    11.3.1.1 Growing mining and power generation sector to drive the NDT and Inspection market in the UK
  11.3.2 GERMANY
    11.3.2.1 Growing automobile vertical to drive the NDT and inspection market in Germany
  11.3.3 FRANCE
    11.3.3.1 Growing aerospace vertical in France to drive the NDT and inspection market
  11.3.4 ITALY
    11.3.4.1 Increasing oil refining capability of Italy to drive the NDT and inspection market
  11.3.5 REST OF EUROPE
    11.3.5.1 Increasing demand for leak detection to drive the NDT and inspection market in the Rest of Europe
11.4 ASIA PACIFIC
  11.4.1 CHINA
    11.4.1.1 China accounted for the largest share of the NDT and inspection market in APAC
  11.4.2 JAPAN
    11.4.2.1 Growth in the nuclear power generation vertical in Japan to drive the NDT and inspection market
  11.4.3 INDIA
    11.4.3.1 Growth in the domestic manufacturing industry in India to encourage the demand for NDT equipment and inspection services
  11.4.4 REST OF APAC
    11.4.4.1 Emergence of material testing and complex electronics testing to drive the NDT and inspection market in the Rest of APAC
11.5 REST OF THE WORLD
  11.5.1 SOUTH AMERICA
    11.5.1.1 Oil & gas and power generation industries to drive the growth of NDT equipment and services in South America
  11.5.2 MIDDLE EAST
    11.5.2.1 Growing investment in infrastructure and oil & gas sectors to drive the NDT and inspection market in the Middle East
  11.5.3 AFRICA
    11.5.3.1 Growth in power generation vertical to drive the NDT and inspection market in Africa

12 COMPETITIVE LANDSCAPE

12.1 INTRODUCTION
12.2 RANKING ANALYSIS OF MARKET PLAYERS, 2017
12.3 COMPETITIVE LEADERSHIP MAPPING
  12.3.1 VISIONARY LEADERS
  12.3.2 DYNAMIC DIFFERENTIATORS
  12.3.3 INNOVATORS
  12.3.4 EMERGING COMPANIES
12.4 STRENGTH OF PRODUCT PORTFOLIO (FOR ALL 25 PLAYERS)
12.5 BUSINESS STRATEGY EXCELLENCE (FOR ALL 25 PLAYERS)
12.6 COMPETITIVE SITUATIONS AND TRENDS
  12.6.1 PRODUCT LAUNCHES
  12.6.2 PARTNERSHIPS AND COLLABORATIONS
  12.6.3 EXPANSIONS
  12.6.4 CONTRACTS AND AGREEMENTS
  12.6.5 ACQUISITIONS

13 COMPANY PROFILES

13.1 KEY PLAYERS

(Business overview, Products offered, Recent developments, MNM view, SWOT analysis)*

  13.1.1 GENERAL ELECTRIC
  13.1.2 MISTRAS GROUP
  13.1.3 OLYMPUS CORPORATION
  13.1.4 ASHTEAD TECHNOLOGY.
  13.1.5 NIKON METROLOGY
  13.1.6 MAGNAFLUX CORPORATION
  13.1.7 ZETEC INC.
  13.1.8 EDDYFI
  13.1.9 YXLON INTERNATIONAL GMBH
  13.1.10 SONATEST LTD.
13.2 OTHERS KEY PLAYERS
  13.2.1 FISCHER TECHNOLOGY INC.
  13.2.2 NDT GLOBAL GMBH & CO. KG
  13.2.3 TD WILLIAMSON, INC.
  13.2.4 BOSELLO HIGH TECHNOLOGY SRL
  13.2.5 LABQUIP NDT LIMITED
  13.2.6 IPROMAR PTE LTD
  13.2.7 FPRIMEC SOLUTIONS INC.
  13.2.8 LYNX INSPECTION
  13.2.9 CYGNUS INSTRUMENTS LTD
  13.2.10 ACUREN INSPECTION INC.

*Business overview, Products offered, Recent developments, MNM view, SWOT analysis might not be captured in case of unlisted companies.

14 APPENDIX

14.1 INSIGHTS OF INDUSTRY EXPERTS
14.2 DISCUSSION GUIDE
14.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
14.4 AVAILABLE CUSTOMIZATIONS
14.5 RELATED REPORTS
14.6 AUTHOR DETAILS
LIST OF TABLES

TABLE 1 NON-DESTRUCTIVE TESTING AND INSPECTION MARKET, BY TECHNIQUE AND SERVICE, 2015–2024 (USD BILLION)
TABLE 2 DIMENSIONAL MEASUREMENT TECHNIQUES
TABLE 3 EVALUATION OF DIMENSIONAL MEASUREMENT TECHNIQUE
TABLE 4 DIFFERENT TYPES OF ULTRASONIC TRANSDUCERS USED IN FLAW DETECTION
TABLE 5 LEAK TESTING TECHNIQUES
TABLE 6 NDT TECHNIQUES FOR DETECTING STRUCTURAL DAMAGES
TABLE 7 OTHER NDT APPLICATION AREAS
TABLE 8 NON-DESTRUCTIVE TESTING AND INSPECTION MARKET, BY TECHNIQUE AND SERVICE, 2015–2024 (USD BILLION)
TABLE 9 NON-DESTRUCTIVE TESTING AND INSPECTION MARKET, BY TECHNIQUE, 2015–2024 (USD MILLION)
TABLE 10 NON-DESTRUCTIVE TESTING AND INSPECTION MARKET, BY TECHNIQUE, 2015–2024 (UNITS)
TABLE 11 NON-DESTRUCTIVE TESTING AND INSPECTION MARKET FOR UT TECHNIQUE, BY VERTICAL, 2015–2024 (USD MILLION)
TABLE 12 NON-DESTRUCTIVE TESTING AND INSPECTION MARKET FOR VT TECHNIQUE, BY VERTICAL, 2015–2024 (USD MILLION)
TABLE 13 NON-DESTRUCTIVE TESTING AND INSPECTION MARKET FOR MPT TECHNIQUE, BY VERTICAL, 2015–2024 (USD MILLION)
TABLE 14 COMPARISON OF LIQUID PENETRANT SYSTEMS
TABLE 15 NON-DESTRUCTIVE TESTING AND INSPECTION MARKET FOR LPT TECHNIQUE, BY VERTICAL, 2015–2024 (USD MILLION)
TABLE 16 NON-DESTRUCTIVE TESTING AND INSPECTION MARKET FOR ECT TECHNIQUE, BY VERTICAL, 2015–2024 (USD MILLION)
TABLE 17 NON-DESTRUCTIVE TESTING AND INSPECTION MARKET FOR RT TECHNIQUE, BY VERTICAL, 2015–2024 (USD MILLION)
TABLE 18 NON-DESTRUCTIVE TESTING AND INSPECTION MARKET FOR AET TECHNIQUE, BY VERTICAL, 2015–2024 (USD MILLION)
TABLE 19 APPLICATION OF TERAHERTZ IMAGING, BY INDUSTRY
TABLE 20 APPLICATIONS OF NEAR-INFRARED SPECTROSCOPY, BY INDUSTRY
TABLE 21 NON-DESTRUCTIVE TESTING AND INSPECTION MARKET FOR OTHER TECHNIQUES, BY VERTICAL, 2015–2024 (USD MILLION)
TABLE 22 NON-DESTRUCTIVE TESTING AND INSPECTION MARKET , BY METHOD, 2015–2024 (USD MILLION)
TABLE 23 NON-DESTRUCTIVE TESTING AND INSPECTION MARKET, BY SERVICE, 2015–2024 (USD MILLION)
TABLE 24 NON-DESTRUCTIVE TESTING AND INSPECTION MARKET FOR INSPECTION SERVICES, BY VERTICAL, 2015–2024 (USD MILLION)
TABLE 25 NON-DESTRUCTIVE TESTING AND INSPECTION MARKET FOR EQUIPMENT RENTAL SERVICES, BY VERTICAL, 2015–2024 (USD MILLION)
TABLE 26 NON-DESTRUCTIVE TESTING AND INSPECTION MARKET FOR CALIBRATION SERVICES, BY VERTICAL, 2015–2024 (USD MILLION)
TABLE 27 NON-DESTRUCTIVE TESTING AND INSPECTION MARKET FOR TRAINING SERVICES, BY VERTICAL, 2015–2024 (USD MILLION)
TABLE 28 INDUSTRIES WITH TESTING REQUIREMENTS
TABLE 29 NON-DESTRUCTIVE TESTING AND INSPECTION MARKET, BY VERTICAL, 2015–2024 (USD MILLION)
TABLE 30 NON-DESTRUCTIVE TESTING AND INSPECTION MARKET FOR MANUFACTURING VERTICAL, BY TECHNIQUE AND SERVICE, 2015–2024 (USD MILLION)
TABLE 31 NON-DESTRUCTIVE TESTING AND INSPECTION MARKET FOR MANUFACTURING VERTICAL, BY REGION, 2015–2024 (USD MILLION)
TABLE 32 NON-DESTRUCTIVE TESTING AND INSPECTION MARKET IN NORTH AMERICA FOR MANUFACTURING VERTICAL, BY COUNTRY, 2015–2024 (USD MILLION)
TABLE 33 NON-DESTRUCTIVE TESTING AND INSPECTION MARKET IN EUROPE FOR MANUFACTURING VERTICAL, BY COUNTRY, 2015–2024 (USD MILLION)
TABLE 34 NON-DESTRUCTIVE TESTING AND INSPECTION MARKET IN APAC FOR MANUFACTURING VERTICAL, 2015–2024 (USD MILLION)
TABLE 35 NON-DESTRUCTIVE TESTING AND INSPECTION MARKET IN ROW FOR MANUFACTURING VERTICAL, BY REGION, 2015–2024 (USD MILLION)
TABLE 36 NON-DESTRUCTIVE TESTING AND INSPECTION MARKET FOR OIL & GAS VERTICAL, BY TECHNIQUE AND SERVICE, 2015–2024 (USD MILLION)
TABLE 37 NON-DESTRUCTIVE TESTING AND INSPECTION MARKET FOR OIL & GAS VERTICAL, BY REGION, 2015–2024 (USD MILLION)
TABLE 38 NON-DESTRUCTIVE TESTING AND INSPECTION MARKET IN NORTH AMERICA FOR OIL & GAS VERTICAL , BY COUNTRY, 2015–2024 (USD MILLION)
TABLE 39 NON-DESTRUCTIVE TESTING AND INSPECTION MARKET IN EUROPE FOR OIL & GAS VERTICAL, BY COUNTRY, 2015–2024 (USD MILLION)
TABLE 40 NON-DESTRUCTIVE TESTING AND INSPECTION MARKET IN APAC FOR OIL & GAS VERTICAL, BY COUNTRY,2015–2024 (USD MILLION)
TABLE 41 NON-DESTRUCTIVE TESTING AND INSPECTION MARKET IN ROW FOR OIL & GAS VERTICAL, BY REGION, 2015–2024 (USD MILLION)
TABLE 42 NDT TECHNIQUES IN AEROSPACE
TABLE 43 ESSENTIAL NDT TECHNIQUES FOR AIRCRAFT MAINTENANCE
TABLE 44 NON-DESTRUCTIVE TESTING AND INSPECTION MARKET FOR AEROSPACE VERTICAL, BY TECHNIQUE AND SERVICE, 2015–2024 (USD MILLION)
TABLE 45 NON-DESTRUCTIVE TESTING AND INSPECTION MARKET FOR AEROSPACE VERTICAL, BY REGION, 2015–2024 (USD MILLION)
TABLE 46 NON-DESTRUCTIVE TESTING AND INSPECTION MARKET IN NORTH AMERICA FOR AEROSPACE VERTICAL, BY COUNTRY, 2015–2024 (USD MILLION)
TABLE 47 NON-DESTRUCTIVE TESTING AND INSPECTION MARKET IN EUROPE FOR AEROSPACE VERTICAL, BY COUNTRY, 2015–2024 (USD MILLION)
TABLE 48 NON-DESTRUCTIVE TESTING AND INSPECTION MARKET IN APAC FOR AEROSPACE VERTICAL, BY COUNTRY, 2015–2024 (USD MILLION)
TABLE 49 NON-DESTRUCTIVE TESTING AND INSPECTION MARKET IN ROW FOR AEROSPACE VERTICAL, BY REGION, 2015–2024 (USD MILLION)
TABLE 50 NON-DESTRUCTIVE TESTING AND INSPECTION MARKET FOR PUBLIC INFRASTRUCTURE VERTICAL, BY TECHNIQUE AND SERVICE, 2015–2024 (USD MILLION)
TABLE 51 NON-DESTRUCTIVE TESTING AND INSPECTION MARKET FOR PUBLIC INFRASTRUCTURE VERTICAL, BY REGION, 2015–2024 (USD MILLION)
TABLE 52 NON-DESTRUCTIVE TESTING AND INSPECTION MARKET IN NORTH AMERICA FOR PUBLIC INFRASTRUCTURE VERTICAL, BY COUNTRY, 2015–2024 (USD MILLION)
TABLE 53 NON-DESTRUCTIVE TESTING AND INSPECTION MARKET IN EUROPE FOR PUBLIC INFRASTRUCTURE VERTICAL, BY COUNTRY,2015–2024 (USD MILLION)
TABLE 54 NON-DESTRUCTIVE TESTING AND INSPECTION MARKET IN APAC FOR PUBLIC INFRASTRUCTURE VERTICAL, BY COUNTRY, 2015–2024 (USD MILLION)
TABLE 55 NON-DESTRUCTIVE TESTING AND INSPECTION MARKET IN ROW FOR PUBLIC INFRASTRUCTURE VERTICAL, BY REGION, 2015–2024 (USD MILLION)
TABLE 56 ADVANTAGES OF USING DIFFERENT NDT TECHNOLOGIES IN AUTOMOTIVE VERTICAL
TABLE 57 NON-DESTRUCTIVE TESTING AND INSPECTION MARKET FOR AUTOMOTIVE VERTICAL, BY TECHNIQUE AND SERVICE, 2015–2024 (USD MILLION)
TABLE 58 NON-DESTRUCTIVE TESTING AND INSPECTION MARKET FOR AUTOMOTIVE VERTICAL, BY REGION, 2015–2024 (USD MILLION)
TABLE 59 NON-DESTRUCTIVE TESTING AND INSPECTION MARKET IN NORTH AMERICA FOR AUTOMOTIVE VERTICAL, BY COUNTRY, 2015–2024 (USD MILLION)
TABLE 60 NON-DESTRUCTIVE TESTING AND INSPECTION MARKET IN EUROPE FOR AUTOMOTIVE VERTICAL, BY COUNTRY,2015–2024 (USD MILLION)
TABLE 61 NON-DESTRUCTIVE TESTING AND INSPECTION MARKET IN APAC FOR AUTOMOTIVE VERTICAL, BY COUNTRY, 2015–2024 (USD MILLION)
TABLE 62 NON-DESTRUCTIVE TESTING AND INSPECTION MARKET IN ROW FOR AUTOMOTIVE VERTICAL, BY REGION , 2015–2024 (USD MILLION)
TABLE 63 APPLICATIONS OF NDT TECHNIQUES IN NUCLEAR POWER PLANTS
TABLE 64 NON-DESTRUCTIVE TESTING AND INSPECTION MARKET FOR POWER GENERATION VERTICAL, BY TECHNIQUE AND SERVICE, 2015–2024 (USD MILLION)
TABLE 65 NON-DESTRUCTIVE TESTING AND INSPECTION MARKET FOR POWER GENERATION VERTICAL, BY REGION, 2015–2024 (USD MILLION)
TABLE 66 NON-DESTRUCTIVE TESTING AND INSPECTION MARKET IN NORTH AMERICA FOR POWER GENERATION VERTICAL, BY COUNTRY, 2015–2024 (USD MILLION)
TABLE 67 NON-DESTRUCTIVE TESTING AND INSPECTION MARKET IN EUROPE FOR POWER GENERATION VERTICAL, BY COUNTRY, 2015–2024 (USD MILLION)
TABLE 68 NON-DESTRUCTIVE TESTING AND INSPECTION MARKET IN APAC FOR POWER GENERATION VERTICAL, BY COUNTRY, 2015–2024 (USD MILLION)
TABLE 69 NON-DESTRUCTIVE TESTING AND INSPECTION MARKET IN ROW FOR POWER GENERATION VERTICAL, BY REGION , 2015–2024 (USD MILLION)
TABLE 70 NON-DESTRUCTIVE TESTING AND INSPECTION MARKET FOR OTHER VERTICALS, BY TECHNIQUE AND SERVICE, 2015–2024 (USD MILLION)
TABLE 71 NON-DESTRUCTIVE TESTING AND INSPECTION MARKET FOR OTHER VERTICALS, BY REGION, 2015–2024 (USD MILLION)
TABLE 72 NON-DESTRUCTIVE TESTING AND INSPECTION MARKET IN NORTH AMERICA FOR OTHER VERTICALS, BY COUNTRY, 2015–2024 (USD MILLION)
TABLE 73 NON-DESTRUCTIVE TESTING AND INSPECTION MARKET IN EUROPE FOR OTHER VERTICALS, BY COUNTRY, 2015–2024 (USD MILLION)
TABLE 74 NON-DESTRUCTIVE TESTING AND INSPECTION MARKET IN APAC FOR OTHER VERTICALS, BY COUNTRY, 2015–2024 (USD MILLION)
TABLE 75 NON-DESTRUCTIVE TESTING AND INSPECTION IN ROW MARKET FOR OTHER VERTICALS, BY REGION, 2015–2024 (USD MILLION)
TABLE 76 NON-DESTRUCTIVE TESTING AND INSPECTION MARKET, BY REGION, 2015–2024 (USD MILLION)
TABLE 77 NON-DESTRUCTIVE TESTING AND INSPECTION MARKET IN NORTH AMERICA, BY COUNTRY, 2015–2024 (USD MILLION
TABLE 78 NON-DESTRUCTIVE TESTING AND INSPECTION MARKET IN EUROPE, BY COUNTRY, 2015–2024 (USD MILLION)
TABLE 79 NON-DESTRUCTIVE TESTING AND INSPECTION MARKET IN APAC, BY COUNTRY, 2015–2024 (USD MILLION)
TABLE 80 NON-DESTRUCTIVE TESTING MARKET IN ROW, BY REGION, 2015–2024 (USD MILLION)
TABLE 81 PRODUCT LAUNCHES, 2015–2017
TABLE 82 PARTNERSHIPS AND COLLABORATIONS, 2015–2017
TABLE 83 EXPANSIONS, 2015
TABLE 84 CONTRACTS AND AGREEMENTS, 2015–2016
TABLE 85 ACQUISITIONS, 2016–2017
LIST OF FIGURES

FIGURE 1 NDT AND INSPECTION MARKET: PROCESS FLOW OF MARKET SIZE ESTIMATION
FIGURE 2 RESEARCH DESIGN: NDT AND INSPECTION MARKET
FIGURE 3 MARKET SIZE ESTIMATION METH0DOLOGY: BOTTOM-UP APPROACH
FIGURE 4 MARKET SIZE ESTIMATION METH0DOLOGY: TOP-DOWN APPROACH
FIGURE 5 DATA TRIANGULATION
FIGURE 6 ASSUMPTIONS OF RESEARCH STUDY
FIGURE 7 NDT SERVICES EXPECTED TO HOLD LARGER MARKET SHARE BY 2024
FIGURE 8 NDT MARKET SNAPSHOT (2018 VS. 2024): ULTRASONIC TESTING TO HOLD LARGEST MARKET SIZE BY 2024
FIGURE 9 MANUFACTURING VERTICAL TO EXHIBIT HIGHEST CAGR IN NON-DESTRUCTIVE TESTING AND INSPECTION MARKET, 2018–2024
FIGURE 10 INSPECTION SERVICES TO ACCOUNT FOR LARGEST MARKET SIZE BY 2024
FIGURE 11 NORTH AMERICA ACCOUNTED FOR LARGEST SHARE OF NON-DESTRUCTIVE TESTING AND INSPECTION MARKET IN 2017
FIGURE 12 SIGNIFICANT GROWTH OPPORTUNITIES FOR NON-DESTRUCTIVE TESTING AND INSPECTION MARKET FROM 2018 TO 2024
FIGURE 13 INSPECTION SERVICES TO ACCOUNT FOR LARGEST SIZE OF NON-DESTRUCTIVE TESTING AND INSPECTION MARKET DURING FORECAST PERIOD
FIGURE 14 CHINA AND POWER GENERATION VERTICAL HELD LARGEST SHARE OF NON-DESTRUCTIVE TESTING AND INSPECTION MARKET IN APAC, BASED ON COUNTRY AND VERTICAL, RESPECTIVELY, IN 2017
FIGURE 15 US TO ACCOUNT FOR LARGEST SHARE OF NON-DESTRUCTIVE TESTING AND INSPECTION MARKET IN 2018
FIGURE 16 ULTRASOUND TESTING (UT) TO BE MOST PREFERRED NDT TECHNIQUE DURING FORECAST PERIOD
FIGURE 17 NON-DESTRUCTIVE TESTING METHODS: EVOLUTION
FIGURE 18 STRINGENT GOVERNMENT REGULATIONS REGARDING PUBLIC SAFETY AND PRODUCT QUALITY TO DRIVE NDT AND INSPECTION MARKET DURING FORECAST PERIOD
FIGURE 19 MAJOR APPLICATIONS OF NDT
FIGURE 20 VALUE CHAIN: NDT AND INSPECTION MARKET
FIGURE 21 COST COMPARISON OF DOWNSTREAM INDUSTRIES
FIGURE 22 NDT SERVICES EXPECTED TO HOLD LARGER MARKET SHARE BY 2024
FIGURE 23 UT TECHNIQUE TO ACCOUNT FOR LARGEST SIZE OF NON-DESTRUCTIVE TESTING AND INSPECTION MARKET BY 2024
FIGURE 24 OIL & GAS VERTICAL TO HOLD LARGEST SIZE OF NON-DESTRUCTIVE TESTING AND INSPECTION MARKET FOR UT TECHNIQUE, BY 2014
FIGURE 25 MANUFACTURING VERTICAL EXPECTED TO HOLD THE LARGEST MARKET SIZE DURING THE FORECAST PERIOD
FIGURE 26 MARKET FOR OIL & GAS VERTICAL TO HOLD LARGEST SHARE DURING FORECAST PERIOD
FIGURE 27 VOLUMETRIC INSPECTION METHOD EXPECTED TO DOMINATE NDT AND INSPECTION MARKET FROM 2018 TO 2024
FIGURE 28 INSPECTION SERVICES TO ACCOUNT FOR LARGEST SIZE OF NON-DESTRUCTIVE TESTING AND INSPECTION MARKET, BASED ON SERVICES, BY 2024
FIGURE 29 POWER GENERATION VERTICAL EXPECTED TO ACCOUNT FOR LARGEST SIZE OF EQUIPMENT RENTAL SERVICES MARKET BY 2024
FIGURE 30 POWER GENERATION VERTICAL TO ACCOUNT FOR LARGEST SIZE OF TRAINING SERVICES MARKET BY 2024
FIGURE 31 OIL & GAS VERTICAL EXPECTED TO HOLD LARGEST SIZE OF NDT AND INSPECTION MARKET IN 2018
FIGURE 32 APAC TO ACCOUNT FOR LARGEST SIZE OF NDT AND INSPECTION MARKET FOR MANUFACTURING VERTICAL IN 2018
FIGURE 33 MIDDLE EAST TO HOLD LARGEST SIZE OF NDT AND INSPECTION MARKET FOR OIL & GAS VERTICAL IN 2018
FIGURE 34 NORTH AMERICA EXPECTED TO HOLD LARGEST SIZE OF NON-DESTRUCTIVE TESTING AND INSPECTION MARKET FOR PUBLIC INFRASTRUCTURE VERTICAL DURING FORECAST PERIOD
FIGURE 35 CHINA TO LEAD NON-DESTRUCTIVE TESTING AND INSPECTION MARKET FOR POWER GENERATION VERTICAL DURING FORECAST PERIOD
FIGURE 36 INDIA TO BE FASTEST-GROWING COUNTRY IN NON-DESTRUCTIVE TESTING AND INSPECTION MARKET DURING 2018–2024
FIGURE 37 NON-DESTRUCTIVE TESTING AND INSPECTION MARKET SNAPSHOT IN NORTH AMERICA
FIGURE 38 NON-DESTRUCTIVE TESTING AND INSPECTION MARKET SNAPSHOT IN EUROPE
FIGURE 39 NON-DESTRUCTIVE TESTING AND INSPECTION MARKET SNAPSHOT IN APAC
FIGURE 40 NON-DESTRUCTIVE TESTING MARKET SNAPSHOT IN ROW, 2017
FIGURE 41 LEADING COMPANIES IN NON-DESTRUCTIVE TESTING AND INSPECTION MARKET MOSTLY ADOPTED ORGANIC GROWTH STRATEGIES DURING 2015–2017
FIGURE 42 NDT AND INSPECTION MARKET PLAYER RANKING, 2017
FIGURE 43 NON-DESTRUCTIVE TESTING AND INSPECTION MARKET (GLOBAL) COMPETITIVE LEADERSHIP MAPPING, 2017
FIGURE 44 MARKET PLAYERS ADOPTED PRODUCT LAUNCHES AS KEY BUSINESS STRATEGY DURING 2015–2017
FIGURE 45 GENERAL ELECTRIC: COMPANY SNAPSHOT
FIGURE 46 MISTRAS GROUP: COMPANY SNAPSHOT
FIGURE 47 OLYMPUS CORPORATION: COMPANY SNAPSHOT
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Non-Destructive Testing and Inspection Market by Technique (Visual Testing, Magnetic Particle, Liquid Penetrant, Eddy-Current, Ultrasonic, Radiographic, Acoustic Emission), Method, Service, Vertical, and Geography - Global Forecast to 2024
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