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Technological Growth of Non-destructive Testing Market in its Maturity Period
NDT in aerospace and defense industry is a must. During the manufacture of aircraft components and parts NDT is done to ensure safety in long run. Due to stringent government safety regulation in other industries like oil & gas industry, automotive industry, infrastructure industry and power generation there is a rising demand for NDT in these industries.
Nondestructive testing relates to the examination of materials for flaws without harming the object being tested. Non-destructive testing provides a cost effective means of testing while protecting the objectís usability for its designed purpose.
There are some existing nondestructive testing technologies such as visual testing, ultrasonic testing, radiography testing and electromagnetic testing which capture most of the market. Ultrasonic testing has been the first choice of the end users for flaw determination.NDT has its application in wide areas apart from flaw detection. This report describes the nondestructive testing technologies and their application for testing the flaws of objects.
The report segments the NDT market on the basis of application, technology, end user and geography. The report provides a revenue forecast and analysis for the regions of North America, Latin America, Europe, APAC and, Middle East. The emerging markets for NDT inspection services are Brazil, China, India. The emerging growth markets for NDT inspection services are experiencing high growth amidst a difficult economic environment and are expected to continue growing over the next 6 years.
A common challenge witnessed in the global NDT market is a lack of qualified technicians. However, this challenge is not witnessed in the emerging markets. India is the NDT education hub and provides trained technicians in country and to other regions like the Middle East. Similarly, in China, SGS Pvt Ltd (SGS) conducted a training program for approximately X NDT technicians in various disciplines.
The report provides information on the factors that drive and restrain the growth of the market. It also provides information on trends in the NDT market. This report provides a complete analysis of the global NDT market for the next six years. The competitive landscape provides information about the major players in the NDT market and their market share in the NDT market for 2013.
Source: MarketsandMarkets Analysis
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
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