Dublin, March 22, 2019 (GLOBE NEWSWIRE) -- The "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" report has been added to ResearchAndMarkets.com's offering.
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 ageing assets are the other factors that propel the growth of the NDT and inspection market.
Non-destructive testing (NDT) techniques are primarily used in engineering industries for evaluating different properties of structures, equipment, components, and materials without causing any damage. NDT and inspection is an extremely valuable technique for timely evaluation and diagnosis of faults in products. It is an important quality control tool in the manufacturing process as it allows for early detection of surface and subsurface defects in finished and work-in-progress (WIP) goods.
NDT is also used for detecting faults and structural integrity in industrial assets and public infrastructures such as factory buildings, platforms, bridges, railway lines, piping systems, and industrial machinery. To accurately detect and quantitatively evaluate each defect, different types of techniques using various principles are used for performing NDT inspection, depending on the application areas. A few techniques, namely, visual testing (VT), magnetic particle testing (MPT), liquid penetrant testing (LPT), eddy-current testing (ECT), ultrasonic testing (UT), radiographic testing (RT), acoustic emission testing (AET), and terahertz imaging are included in this study for the purpose of market size estimation.
The constant demand from power generation, manufacturing, and aerospace sectors have resulted in high adoption of NDT and inspection equipment and services across the world. Stringent regulations related to quality control and periodic inspections laid down by various governments, along with user-friendly software and continuous advancements in electronics and automation sectors, are key drivers for the growth of the NDT and inspection market.
General Electric (US), Olympus Corporation (Japan), Ashtead Technology (UK), MISTRAS Group (US), and Nikon Metrology (Belgium) are a few major companies in the NDT and inspection market.
Key Topics Covered:
1 Introduction
2 Research Methodology
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 Market 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 Market
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 Market Equipment
6.4 Regulations and Standards Related to NDT Market
6.5 Leading Associations for NDT Market
6.5.1 the American Society for NDT Market
6.5.2 British Institute of Non-Destructive Testing
6.5.3 Astm International
6.5.4 Impact of Emerging Technologies on NDT Market
6.6 Economic Impact of NDT Market 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
7.2.2 Angle Beam Testing
7.2.3 Immersion Testing
7.2.4 Guided Wave Testing
7.2.5 Phased Array Testing
7.2.6 Time-Of-Flight Diffraction (TOFD)
7.3 Visual Inspection Testing (VT)
7.3.1 General Visual Inspection
7.3.2 Aided Visual Inspection
7.3.2.1 Borescope
7.3.2.2 Endoscope
7.3.2.3 Videoscope
7.4 Magnetic Particle Testing (MPT)
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)
7.6.2 Remote-Field Testing (Rft)
7.6.3 Eddy-Current Array (ECA)
7.7 Radiographic Testing (Rt)
7.7.1 X-Ray Testing
7.7.2 Gamma-Ray Testing
7.7.3 Computed Radiography
7.7.4 Film Radiography
7.7.5 Direct Radiography (Real-Time)
7.8 Acoustic Emission Testing (AET)
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
9.2.2 Radiographic Inspection
9.2.3 Visual Inspection
9.2.4 Magnetic Particle Inspection
9.2.5 Advanced Eddy-Current Inspection
9.2.6 Liquid Penetrant Inspection
9.3 Equipment Rental Services
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
10.3 Oil & Gas
10.3.1 Refining
10.3.2 Transmission Pipelines
10.3.3 Subsea Pipelines
10.3.4 Storage Tanks
10.3.5 Advanced NDT Market Techniques for Oil & Gas Vertical
10.3.5.1 Long-Range Ultrasonic Technique (LRUT)
10.3.5.2 Positive Metal Identification Technique
10.4 Aerospace
10.4.1 Aircraft Engine Part Production Would Be Key Application Area for NDT Market Equipment Testing
10.4.2 Composite Airframe Manufacturing Likely to Be Next Cult of NDT Market Equipment Application
10.4.3 Aircraft Maintenance
10.4.4 Material Analysis
10.4.5 Advanced NDT Market Technique for Aerospace Vertical
10.4.5.1 Dynamic Thermography
10.4.5.2 Air-Coupled Ultrasound
10.4.5.3 Dynamic Interferometry
10.5 Public Infrastructure
10.5.1 Military & Defense
10.5.2 Airport Security
10.5.3 Railways
10.5.4 Bridges and Tunnels
10.5.5 Border Crossing
10.5.6 Nuclear Waste Storage and Decommissioning
10.5.7 Advanced NDT Market Techniques for Public Infrastructure
10.5.7.1 Impact Echo
10.5.7.2 Ground Penetrating Radar (GPR)
10.6 Automotive
10.6.1 Advanced NDT Market Techniques for Automotive Vertical
10.6.1.1 High-Energy Digital Radiography
10.7 Power Generation
10.7.1 Nuclear Power Plants
10.7.2 Wind Turbines
10.7.3 Solar Power
10.7.4 Fossil Fuel Energy
10.7.5 Advanced NDT Technique in Power Generation Vertical
10.7.5.1 Galvano Static Pulse Measurement
10.7.5.2 Ultrasonic Pulse Echo Testing
10.8 Others
10.8.1 Marine
10.8.2 Medical and Health
10.8.3 Plastics & Polymers
11 Geographic Analysis
12 Competitive Landscape
12.1 Introduction
12.2 Ranking Analysis of Market Players, 2017
12.3 Competitive Leadership Mapping
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
13 Company Profiles
13.1 Key Players
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.
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