HOME Press Releases Ultrasonic Testing Market worth 3.93 Billion USD by 2022



Ultrasonic Testing Market worth 3.93 Billion USD by 2022


According to the new market research report "Ultrasonic Testing Market by Type (Time-of- Flight Diffraction, Phased Array, Immersion Testing, Guided-Wave), Equipment (Flaw Detectors, Tube Inspection, Transducers & Probes, Bond testers), Service, Vertical, and Geography - Global Forecast to 2022", the ultrasonic testing (UT)  market is expected to reach USD 3.93 Billion by 2022, at a CAGR of 8.3% between 2016 and 2022. The factors which are driving the growth of market include development of portable phased array ultrasonic testing equipment, need for reliable non-destructive testing technique for fiberglass and carbon fiber composites in manufacturing, growth in ultrasonic testing services market, and government mandates.

Browse 66 market data Tables and 59 Figures spread through 161 Pages and in-depth TOC on "Ultrasonic Testing Market - Global Forecast to 2022"
http://www.marketsandmarkets.com/Market-Reports/ultrasonic-testing-market-131229239.html
Early buyers will receive 10% customization on reports.

“Ultrasonic flaw detectors accounted for a major share of the overall UT market during the forecast period“

The ultrasonic flaw detectors are expected to lead the UT market between 2016 and 2022. Flaw detectors are widely used as the depth of penetration is superior to other methods and they provide highly accurate flaw sizing and shape of the equipment to be tested. Moreover, these equipment generate and display an ultrasonic waveform that is interpreted by a trained operator, often with the aid of analysis software, to locate and categorize flaws in test pieces

“Training services expected to grow at the highest CAGR between 2016 and 2022”

With the aging infrastructure and the growing rate of new infrastructure development, the demand for skilled NDT technicians is expected to grow in the near future. Appropriate training enables the UT supervisor the ability to detect flaws with a high degree of accuracy and reliability without causing damage to the structures or components.

“APAC expected to dominate the UT between 2016 and 2022”

Countries in Asia-Pacific are involved in the manufacturing of defense aircraft, which would increase the scope of UT in the defense and aerospace sector. The UT market in Asia-Pacific is expected to grow tremendously owing to the rapid infrastructural development. The market for UT equipment is expected to grow fast, driven primarily by major infrastructure advancements and automation in manufacturing processes in countries such as India and China.

The major players involved in the ultrasonic testing market include General Electric (U.S.), Olympus Corporation (Japan), Ashtead Technology Ltd. (U.K.), Mistras Group Inc. (U.S.), and TecScan Systems Inc. (Canada), Sonatest Ltd. (U.K.), Amerapex Corporation (U.S.), NDT Systems Inc. (U.S.), Applied Technical Services, Inc. (U.S.), and Sonotron NDT (Israel).

About MarketsandMarkets

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com

Connect Us

Follow us on LinkedIn  Follow us on Facebook   Follow us on Twitter 
Live Chat Support


US : 1-888-600-6441

Search reports