HOME Top Market Reports Non-destructive Testing Market by Technology (Visual, Magnetic Particle, Electromagnetic, Liquid Penetrant, Radiography, Ultrasonic) & Application (Aerospace, Defense, Automotive, Oil & Gas, Infrastructure, Power Generation) - Global Trends & Forecasts to 2014 - 2020

Non-destructive Testing Market by Technology (Visual, Magnetic Particle, Electromagnetic, Liquid Penetrant, Radiography, Ultrasonic) & Application (Aerospace, Defense, Automotive, Oil & Gas, Infrastructure, Power Generation) - Global Trends & Forecasts to 2014 - 2020

By: marketsandmarkets.com
Publishing Date: April 2014
Report Code: AS 2320

 

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The nondestructive testing market is estimated to be $1400 Million in 2014 and is estimated to grow at a CAGR of 3.5% to reach $1720.96 Million by 2020. Nondestructive testing has been one of the few markets that performed impressively during the global economic downturn. It witnessed modest growth in 2010.

North America is the main contributor to revenues, due to high government safety regulations stipulating that inspection be carried out regularly, even during the downturn. Europe is the second largest contributor to revenues in the nondestructive testing market. With the U.S. economy still recovering from the effects of economic downturn and the European economy being disturbed by a sovereign debt crisis, the primary regions of Asia Pacific and Latin America are the emerging markets.

The rapid rate of infrastructure development in emerging economies such as India, China, and Brazil is driving the demand for NDT. In Latin America, Brazil has been at the front line of the market recovery. The Brazilian economy is the largest in Latin America, with oil and gas, power generation, aerospace and automotive sectors being the main revenue generators. In this region, the majority of the revenues came from the oil and gas end user segment.

The power generation segment, especially wind energy and nuclear power, also provides expansion opportunities to NDT. Due to a number of pipeline explosions and infrastructure failures being witnessed around the world, authorities have intensified the inspection performed .Many industries that are reluctant to incur the excessive installation costs of new infrastructure, are trying to extend the useful life of their existing assets. This has led to relative aging of these assets and thus has made nondestructive testing a must.

The report provides information on the factors that drive and restrain the growth of the market. It also provides information on trends in the nondestructive testing market. This report provides complete analysis of the global NDT market for the next six years. The report provides a complete revenue forecast and analysis for North America, Latin America, Europe, Asia-Pacific, and the Middle East. The competitive landscape provides information about the major players in the NDT market and their market share in the NDT market for 2013.

Table Of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives
    1.2 Report Description
    1.3 Markets Covered
    1.4 Stakeholders
    1.5 Research Methodology
          1.5.1 Key Assumptions Made For the Report

2 Executive Summary  (Page No. - 24)

3 Market Overview  (Page No. - 35)
    3.1 Market Definition
    3.2 Evolution of Nondestructive Testing
    3.3 Market Segmentation
          3.3.1 By Application
          3.3.2 By Technology
          3.3.3 By End User
          3.3.4 By Geography
    3.4 Market Dynamics
          3.4.1 Introduction
          3.4.2 Drivers
                  3.4.2.1 Stringent Government Safety Regulations
                  3.4.2.2 Ageing Infrastructure in Developed Countries and Resultant Deterioration Issues
                  3.4.2.3 Growing Demand For NDT From End Users
                  3.4.2.4 Optimizing Maintenance to Ensure Safe and Efficient Operation
          3.4.3 Restraints
                  3.4.3.1 Impact of Macroeconomic Shocks
                  3.4.3.2 Difficulty in Providing Quality Service At Competitive Prices
          3.4.4 Challenges
                  3.4.4.1 Lack of Skilled Professionals
                  3.4.4.2 Bureaucratic and Regulatory Hurdles
          3.4.5 Burning Issues
                  3.4.5.1 Labor & Growing Machinery Complexity
    3.5 Market Segmentation,By Application
          3.5.1 Dimensional Measurement
          3.5.2 Flaw Detection
          3.5.3 Leak Detection
          3.5.4 Estimation of Physical Properties
          3.5.5 Chemical Composition Determination
          3.5.6 Stress and Structure Analysis

4 Trend Analysis (Page No. - 41)
    4.1 Regional Trends
    4.2 End User Trends
    4.3 Technology Trends
    4.4 Consolidation Trends

5 Market Analysis (Page No. - 43)
    5.1 Market Analysis , By Technology
          5.1.1 Introduction
          5.1.2 Visual Testing
          5.1.3 Magnetic Particle Testing and Electromagnetic Testing
          5.1.4 Liquid Penetrant Testing
          5.1.5 Radiography Testing
          5.1.6 Ultrasonic Testing
          5.1.7 Thermography Testing
          5.1.8 Acoustic Emission Testing
    5.2 Market Analysis,By End User
          5.2.1 Introduction
          5.2.2 Nondestructive Testing in Aerospace and Defense Industry
          5.2.3 NDT in Commercial Industry
          5.2.4 NDT in The Automotive Industry
          5.2.5 NDT in The Oil & Gas Industry
          5.2.6 NDT in Infrastructure Industry
          5.2.7 NDT in Power Generation Industry

6 Geographical Analysis (Page No. - 73)
    6.1 North America Nondestructive Testing Market
    6.2 Latin America Nondestructive Testing Market
    6.3 Europe Nondestructive Testing Market
    6.4 Asia-Pacific Nondestructive Testing Market
    6.5 Middle East Nondestructive Testing Market

7 Country Analysis  (Page No. - 92)
    7.1 U.S. NDT Market
    7.2 Brazil NDT Market
    7.3 U.K. NDT Market
    7.4 France NDT Market
    7.5 Russia NDT Market
    7.6 Germany NDT Market
    7.7 India NDT Market
    7.8 China NDT Market
    7.9 Japan NDT Market
    7.1 Saudi Arabia NDT Market

8 Competitive Landscape  (Page No. - 129)
    8.1 Overview
          8.1.1 Competitive Analysis
                  8.1.1.1 Market Share Analysis:Company
          8.1.2 New Technology Launch/Development/Expansion
          8.1.3 Mergers and Acquisitions
          8.1.4 Concentration of Nondestructive Testing Companies

9 Company Profiles  (Page No. - 139)
    9.1 Mistras Group, Inc.
          9.1.1 Overview
          9.1.2 Products & Services
          9.1.3 Strategy & Insights
          9.1.4 Developments
          9.1.5 MNM View
                  9.1.5.1 Company Review
                  9.1.5.2 Future Outlook
    9.2 Olympus Corporation
          9.2.1 Overview
          9.2.2 Products & Services
          9.2.3 Strategy & Insights
          9.2.4 Developments
          9.2.5 MNM View
                  9.2.5.1 Company Review
                  9.2.5.2 Future Outlook
    9.3 Intertek Group PLC.
          9.3.1 Overview
          9.3.2 Products & Services
          9.3.3 Strategy & Insights
          9.3.4 Developments
          9.3.5 MNM View
                  9.3.5.1 Company Review
                  9.3.5.2 Future Outlook
    9.4 SGS S.A.
          9.4.1 Overview
          9.4.2 Products & Services
          9.4.3 Strategy & Insights
          9.4.4 Developments
          9.4.5 MNM View
                  9.4.5.1 Company Review
                  9.4.5.2 Future Outlook
    9.5 GE Measurement & Control Solutions
          9.5.1 Overview
          9.5.2 Products & Services
          9.5.3 Strategy & Insights
          9.5.4 Developments
          9.5.5 MNM View
                  9.5.5.1 Company Review
                  9.5.5.2 Future Outlook
    9.6 X-R-I Testing
          9.6.1 Overview
          9.6.2 Products & Services
          9.6.3 Strategy & Insights
          9.6.4 Developments
    9.7 Applus RTD
          9.7.1 Overview
          9.7.2 Products & Services
          9.7.3 Strategy & Insights
          9.7.4 Developments
    9.8 Arcadia Aerospace Industries,LLC
          9.8.1 Overview
          9.8.2 Products & Services
          9.8.3 Strategy & Insights
          9.8.4 Developments
    9.9 Exova Holdings Limited
          9.9.1 Overview
          9.9.2 Products & Services
          9.9.3 Strategy & Insights
          9.9.4 Developments
    9.10 Acuren
          9.10.1 Overview
          9.10.2 Products & Services
          9.10.3 Strategy & Insights
          9.10.4 Developments


List of Tables (53 Tables)

Table 1 General Assumptions, Terminologies, and Application Notes
Table 2 NDT Techniques For Structure Damages
Table 3 Nondestructive testing Methods:Testing Capabilities
Table 4 Description:NDT Testing Technologies
Table 5 Visual Testing Market Size ,2014-2020, ($Million)
Table 6 Magnetic Particle and Electromagnetic Testing Market Size ,2014-2020, ($Million)
Table 7 Liquid Penetrant Testing Market Size ,2014-2020, ($Million)
Table 8 Radiography Testing Market Size ,2014-2020, ($Million)
Table 9 Ultrasonic Testing Market Size, 2014-2020, ($Million)
Table 10 Thermography Testing Market Size,2014-2020, ($Million)
Table 11 Acoustic Emission Testing Market Size ,2014-2020, ($Million)
Table 12 Industries With Testing Requirements
Table 13 NDT Technologies in Aerospace
Table 14 Nondestructive Testing Market Size, Aerospace & Defense, 2014-2020, ($Million)
Table 15 NDT Market Size ,Commercial Industry,2014-2020, ($Million)
Table 16 NDT Techniques in The Automotive Industry
Table 17 NDT Market Size, Automotive Industry,2014-2020, ($Million)
Table 18 NDT Market Size , The Oil & Gas Industry,2014-2020, ($Million)
Table 19 NDT Market Size, Infrastructure Industry, 2014-2020, ($Million)
Table 20 NDT Market Size, Power Generation,2014-2020, ($Million)
Table 21 North America:Nondestructive Testing Market Size,  2014-2020, ($Million)
Table 22 North America:Market Size,Commercial Industry, 2014-2020, ($Million)
Table 23 Latin America: Nondestructive Testing Market Size,  2014-2020, ($Million)
Table 24 Latin America: Market Size,Commercial Industry,  2014-2020, ($Million)
Table 25 Europe:Nondestructive Testing Market Size,  2014-2020, ($Million)
Table 26 Europe:Market Size, Commercial Industry For Europe,2014-2020, ($Million)
Table 27 Asia-Pacific:Nondestructive Testing Market Size, 2014-2020, ($Million)
Table 28 Asia-Pacific:Market Size, Commercial Industry,2014-2020, ($Million)
Table 29 Middle East:Nondestructive Testing Market Size, 2014-2020, ($Million)
Table 30 Middle East:Market Size For Commercial Industry,2014-2020,($Million)
Table 31 U.S.:Nondestructive Testing Market Size,Aerospace and Defense Industry,2014-2020, ($Million)
Table 32 U.S.: Market Size,Commercial Industry,2014-2020, ($Million)
Table 33 Brazil:Nondestructive Testing Market Size,Aerospace and Defense,2014-2020,($Million)
Table 34 Brazil:Market Size,Commercial Industry,2014-2020, ($Million)
Table 35 U.K.:Nondestructive Testing Market Size,Aerospace and Defense Industry,2014-2020, ($Million)
Table 36 U.K.:Market Size,Commercial Industry,2014-2020, ($Million)
Table 37 France:Nondestructive Testing Market Size, Aerospace and Defense Industry,2014-2020, ($Million)
Table 38 France: Market Size, Commercial Industry, 2014-2020, ($Million)
Table 39 Russia: Nondestructive Testing Market Size, Aerospace and Defense Industry, 2014-2020, ($Million)
Table 40 Russia: Market Size, Commercial Industry,2014-2020, ($Million)
Table 41 Germany:Nondestructive Testing Market Size,Aerospace and Defense Industry,2014-2020, ($Million)
Table 42 Germany:Market Size, Commercial Industry,2014-2020, ($Million)
Table 43 India:Nondestructive Testing Market Size,Aerospace and Defense,2014-2020, ($Million)
Table 44 India:Market Size,Commercial Industry,2014-2020, ($Million)
Table 45 China:Nondestructive Testing Market Size,Aerospace and Defense Industry,2014-2020, ($Million)
Table 46 China:Market Size,Commercial Industry,2014-2020, ($Million)
Table 47 Japan:Nondestructive Testing Market Size,Aerospace and Defense Industry,2014-2020, ($Million)
Table 48 Japan:Market Size,Commercial Industry,2014-2020, ($Million)
Table 49 Saudi Arabia:Nondestructive Testing Market Size,Aerospace and Defense Industry,2014-2020, ($Million)
Table 50 Saudi Arabia:Market Size, Commercial Industry,2014-2020, ($Million)
Table 51 New Technology Launch/Development/Expansion in The NDT Market
Table 52 Contracts, Agreements, Acquisition and, Partnership in The NDT Market
Table 53 Global Nondestructive Testing Market, Concentration of NDT Companies, 2013


List of Figures (68 Figures)

Figure 1 Global Nondestructive Testing Market Segmentation
Figure 2 Markets Covered
Figure 3 Research Methodology
Figure 4 Technological Road Map
Figure 5 Nondestructive Testing Market Segmentation,By Application
Figure 6 NDT Market Segmentation, By Technology
Figure 7 Market Segmentation, By End User
Figure 8 Market Segmentation, By Geography
Figure 9 Global Nondestructive Testing Market, Drivers & Restraints
Figure 10 Visual Testing Market Size, 2014-2020, ($Million)
Figure 11 Magnetic Particle Testing and Electromagnetic Testing
Figure 12 Magnetic Particle & Electromagnetic Testing Market Size, 2014-2020, ($Million)
Figure 13 Liquid Penetrant Testing
Figure 14 Liquid Penetrant Testing Market Size ,2014-2020,($Million)
Figure 15 Radiography Testing
Figure 16 Radiography Testing Market Size ,2014-2020, ($Million)
Figure 17 Ultrasonic Testing
Figure 18 Ultrasonic Testing Market Size ,2014-2020,($Million)
Figure 19 Thermography Testing Market Size ,2014-2020, ($Million)
Figure 20 Acoustic Emission Testing Market Size ,2014-2020, ($Million)
Figure 21 Stages of Life and Type of Defects in Aircraft Components
Figure 22 Nondestructive Testing Market Size, Aerospace & Defense, 2014-2020, ($Million)
Figure 23 NDT Market Size , Commercial Industry,2014-2020,($Million)
Figure 24 NDT Market Size, Automotive Industry,2014-2020, ($Million)
Figure 25 NDT Market Size, The Oil & Gas Industry,2014-2020,($Million)
Figure 26 NDT Market Size , Infrastructure Industry, 2014-2020, ($Million)
Figure 27 NDT Market, Power Generation, 2014-2020, ($Million)
Figure 28 North America:Market Size,2014-2020, ($Million)
Figure 29 North America: Nondestructive Testing Market Size,Commercial Industry,2014-2020, ($Million)
Figure 30 Latin America: Market Size,  2014-2020, ($Million)
Figure 31 Latin America: Market Size, Commercial Industry, 2014-2020, ($Million)
Figure 32 Europe:Market Size,  2014-2020, ($Million)
Figure 33 Europe:Market Size, Commercial Industry,2014-2020, ($Million)
Figure 34 Asia-Pacific:Market Size,  2014-2020, ($Million)
Figure 35 Asia-Pacific:Market Size, Commercial Industry,2014-2020, ($Million)
Figure 36 Middle East:Market Size, 2014-2020, ($Million)
Figure 37 Middle-East:Market Size, Commercial Industry,2014-2020, ($Million)
Figure 38 U.S.:Market Size, Aerospace and Defense Industry,2014-2020, ($Million)
Figure 39 U.S.:Market Size,Commercial Industry,2014-2020, ($Million)
Figure 40 Brazil:Market Size,Aerospace and Defense Industry,2014-2020, ($Million)
Figure 41 Brazil:Market Size,Commercial Industry,2014-2020, ($Million)
Figure 42 U.K.: Market Size,Aerospace and Defense Industry,2014-2020, ($Million)
Figure 43 U.K.:Market Size,Commercial Industry,2014-2020, ($Million)
Figure 44 France:Market Size, Aerospace and Defense Industry,2014-2020, ($Million)
Figure 45 France:Market Size, Commercial Industry,2014-2020, ($Million)
Figure 46 Russia: Market Size, Aerospace and Defense Industry,2014-2020, ($Million)
Figure 47 Russia:Market Size,Commercial Industry,2014-2020, ($Million)
Figure 48 Germany:Market Size, 2014-2020, ($Million)
Figure 49 Germany:Market Size,Commercial Industry,2014-2020, ($Million)
Figure 50 India:Market Size,Aerospace and Defense Industry,2014-2020,($Million)
Figure 51 India:Market Size,Commercial Industry,2014-2020, ($Million)
Figure 52 China:Market Size,Aerospace and Defense Industry,2014-2020, ($Million)
Figure 53 China:Market Size,Commercial Industry,2014-2020, ($Million)
Figure 54 Japan:Market Size,Aerospace and Defense Industry,2014-2020, ($Million)
Figure 55 Japan:Market Size,Commercial Industry,2014-2020, ($Million)
Figure 56 Saudi Arabia:Market Size Aerospace and Defense Industry,2014-2020, ($Million)
Figure 57 Saudi Arabia:Market Size,Commercial Industry,2014-2020, ($Million)
Figure 58 NDT: Market Share of Key Industry Players, 2013
Figure 59 Mistras Group, Inc.: Company Snapshot
Figure 60 Olympus Corporation: Company Snapshot
Figure 61 Intertek Group PLC.: Company Snapshot
Figure 62 SGS S.A.: Company Snapshot
Figure 63 GE Measurement and Control Solution: Company Snapshot
Figure 64 X-R-I Testing: Company Snapshot
Figure 65 Applus RTD: Company Snapshot
Figure 66 Arcadia Aerospace Industries, LLC: Company Snapshot
Figure 67 Exova Holdings Limited: Company Snapshot
Figure 68 Acuren: Company Snapshot

The global nondestructive testing market is estimated to grow at a  CAGR of 3.5% to reach $1720.96 Million by 2020. NDT aims at optimizing safety, reliability, and cost-effectiveness. NDT assures safety and reliability by identifying flaws and defects in products without disrupting operations or delaying processes.

It has its applications in various industries such as aerospace and defense, automotive, oil & gas, infrastructure, and power generation. The report provides a description of the application of NDT. The market within this study has been classified on the basis of NDT technologies like visual testing, magnetic particle testing, electromagnetic testing, liquid penetrant testing, radiography testing, thermography testing and ultrasonic testing.

The geographic segmentation consists of the market size and forecasting of NDT in North America, Latin America, Europe, Asia-Pacific (APAC), and the Middle East. Stringent government safety regulations have created a huge demand for nondestructive testing. Huge demand for NDT in the aerospace and defense industry, in power plants, in the oil & gas industry, the infrastructure industry, and the automotive industry are fuelling growth of the NDT market.

The biggest restraints for the NDT market are the changes in the economy during microeconomic shocks, leading to high inflation and slowing GDP. NDT requires high efficiency; the nondestructive testing market faces a challenge in achieving efficiency in testing due to lack of skilled technicians and laborers. Traditionally, North America and Europe are the major revenue generating regions for the NDT market. However, in recent times, growth in the NDT market has been driven by developing countries in APAC, Middle East, and Latin America. In APAC, India and China are the fastest and the largest growing regional markets for NDT. In South America, Brazil is a leading growth market with growing demand in the aerospace y and power generation industry.

Market Share Analysis, by Region,2014

Nondestructive

Source: Markets and Markets Analysis

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