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 2023

The non-destructive testing (NDT) and inspection market was valued at USD 7.07 Billion in 2016 and is expected to reach USD 12.06 Billion by 2023, at a CAGR of 7.83% between 2017 and 2023. The base year considered for the study is 2016, and the forecast period is between 2017 and 2023. This report provides a detailed analysis of the non-destructive testing market based on technique, method, service, vertical, and geography. NDT is the process of inspecting, testing, or evaluating materials, components or assemblies for discontinuities, or differences in characteristics without altering the original properties. The demand for NDT is increasing all over the world due to the strong government regulations pertaining to safety and product quality and continuous advancements in electronics, and automation and robots.

The research methodology used to estimate and forecast the NDT market begins with capturing data on key vendor revenue through secondary research. The vendor offerings are taken into consideration to determine the market segmentation. A combination of top-down and bottom-up procedures has been employed to arrive at the overall size of the global NDT market from the revenues of key players in the market. After arriving at the overall market size, the total market has been split into several segments and subsegments that have been verified through the primary research by conducting extensive interviews with people holding key positions such as CEOs, VPs, directors, and executives. Market breakdown and data triangulation procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of profiles of primaries is depicted in the figure below:

To know about the assumptions considered for the study, download the pdf brochure

This report provides valuable insights regarding the NDT ecosystem that includes product manufacturers and suppliers, OEMs, suppliers and distributors, electronic device manufacturers, and semiconductor device manufacturers. Olympus Corporation (Japan), GE (US), MISTRAS Group Inc. (US) design and manufacture the testing equipment. Vermon S.A. (France) and Innerspec Technologies (US) offer transducers that act as a raw material for NDT equipment.

Target Audience

• Analysts and strategic business planners
• Government organizations, financial institutions, and investment communities
• Original equipment manufacturers (OEMs) (end-users or electronic component manufacturers)
• Product manufacturers
• Raw material and manufacturing equipment suppliers
• Research organizations
• Technology investors
• Technology standard organizations, forums, alliances, and associations

“The study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years for prioritizing efforts and investments.”

The leading players in the NDT market include General Electric Company (US), Olympus Corporation (Japan), Ashtead Technology Ltd. (UK), MISTRAS Group Inc. (US), Nikon Corporation (Japan), Magnaflux Corporation (US), Zetec Inc. (US), Sonatest Ltd. (UK), Sonotron NDT (Israel), Bosello High Tech SRL ( Italy),  Yxlon International GMBH (Germany), Fischer Technology Inc. (US), and Eddyfi NDT Inc. (Canada), among many others.

Scope of the Report:

The report scope covers the non-destructive testing market based on following segments:

• By Technique
  • Visual Testing
  • Magnetic Particle Testing
  • Liquid Penetrant Testing
  • Eddy Current Testing
  • Ultrasonic Testing
  • Radiographic Testing
  • Acoustic Emission Testing
  • Other Techniques
• By Method
  • Visual Inspection
  • Surface Inspection
  • Volumetric Inspection
  • Other Methods
• By Service
  • Inspection Services
  • Equipment Rental Services
  • Training Services
  • Calibration Services
• By Vertical
  • Manufacturing
  • Oil and Gas
  • Aerospace
  • Public Infrastructure
  • Automotive
  • Power Generation
  • Other Verticals
• By Geography
  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • RoW
    • South America
    • Middle East
    • Africa

Available Customizations:

With the given market data, MarketsandMarkets offers customizations based on the company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five)

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Study Objectives
    1.2 Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Primary Sources
                    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 the Market Share By Bottom-Up Analysis (Demand Side)
           2.2.2 Top-Down Approach
                    2.2.2.1 Approach for Capturing the Market Share By Top-Down Analysis (Supply Side)
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 28)

4 Premium Insights (Page No. - 33)
    4.1 Lucrative Opportunities in the NDT Market
    4.2 NDT Market –Growth Pattern of NDT Services
    4.3 NDT Market in APAC
    4.4 Market Share of Major Countries, 2016
    4.5 NDT Market, By Technique, 2017 vs 2023

5 Market Overview (Page No. - 36)
    5.1 Introduction
    5.2 Evolution of Non-Destructive Testing
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Strong Government Regulations Pertaining to Safety and Product Quality
                    5.3.1.2 Continuous Advancements in Electronics, and Automation & Robotics
                    5.3.1.3 Growing Adoption of IoT Solutions
                    5.3.1.4 Need to Prolong the Lifespan and Increase the Capability of Aging Assets
           5.3.2 Restraints
                    5.3.2.1 Lack of Skilled and Qualified Personnel for Conducting Inspections
           5.3.3 Opportunities
                    5.3.3.1 Large-Scale Infra Projects in APAC, Europe, and Latin America
                    5.3.3.2 Growing Demand for NDT Inspection Services for Power Generation
                    5.3.3.3 Innovative Technological Advancements Creating New Application Areas for NDT
                    5.3.3.4 Immense Demand for NDT Inspection Services for the Aging Infrastructure to Tackle With Corrosion Issues
           5.3.4 Challenges
                    5.3.4.1 Oil Glut and Fall in Crude Oil Prices
                    5.3.4.2 Reluctance to Adopt New NDT Techniques
                    5.3.4.3 Increasing Complexity of Machines and Structures
                    5.3.4.4 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 (Page No. - 49)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Emerging Trends: Non-Destructive Testing Equipment Industry
           6.3.1 Using Combination of Techniques
           6.3.2 Development of New Materials to Refurbish the Market
           6.3.3 Increased Customer Expectations
    6.4 Regulations and Standards Related to NDT
    6.5 Leading Associations for NDT
           6.5.1 American Society for NDT
           6.5.2 British Institute of Non-Destructive Testing
           6.5.3 Astm International

7 Non-Destructive Testing Market, By Technique (Page No. - 57)
    7.1 Introduction
    7.2 Ultrasonic Testing (UT)
           7.2.1 Straight Beam
           7.2.2 Angle Beam
           7.2.3 Immersion Testing
           7.2.4 Guided Wave
           7.2.5 Phased Array
           7.2.6 Time-Of-Flight Diffraction (TOFD)
    7.3 Visual Testing
           7.3.1 General 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)
    7.6 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 Other Techniques
           7.9.1 Terahertz Imaging
           7.9.2 Near-Infrared Spectroscopy

8 Non-Destructive Testing Market, By Method (Page No. - 80)
    8.1 Introduction
    8.2 Visual Inspection
    8.3 Surface Inspection
    8.4 Volumetric Inspection
    8.5 Other Methods

9 Non-Destructive Testing Market, By Service (Page No. - 86)
    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
    9.5 Training Services

10 Non-Destructive Testing Market, By Vertical (Page No. - 96)
     10.1 Introduction
     10.2 Manufacturing
     10.3 Oil & Gas
             10.3.1 Refining
             10.3.2 Transmission Pipeline
             10.3.3 Subsea Pipelines
             10.3.4 Storage Tanks
     10.4 Aerospace & Defense
             10.4.1 Aircraft Engine Part Production to Be the Key Application Area of NDT Equipment Testing
             10.4.2 Composite Airframe Manufacturing to Be the Next Cult NDT Equipment Application
             10.4.3 Aircraft Maintenance
             10.4.4 Material Analysis
     10.5 Public Infrastructure
             10.5.1 Military & Defense
             10.5.2 Airport Security
             10.5.3 Railways in APAC to Have A High Demand for NDT
             10.5.4 Bridges and Tunnels
             10.5.5 Border Crossing
             10.5.6 Nuclear Waste Storage and Decommissioning
     10.6 Automotive
     10.7 Power Generation
             10.7.1 Nuclear Power to Be the Largest Driver for the Growth of NDT in the Power Generation Vertical
             10.7.2 Wind Turbines
             10.7.3 Solar Power
             10.7.4 Fossil Fuel Energy
     10.8 Other Verticals
             10.8.1 Marine
             10.8.2 Medical and Health
             10.8.3 Plastics & Polymers

11 Geographic Analysis (Page No. - 117)
     11.1 Introduction
     11.2 North America
             11.2.1 US
             11.2.2 Canada
             11.2.3 Mexico
     11.3 Europe
             11.3.1 UK
             11.3.2 Germany
             11.3.3 France
             11.3.4 Italy
             11.3.5 Rest of Europe
     11.4 Asia Pacific
             11.4.1 China
             11.4.2 Japan
             11.4.3 India
             11.4.4 Rest of APAC
     11.5 Rest of the World
             11.5.1 South America
             11.5.2 Middle East
             11.5.3 Africa

12 Competitive Landscape (Page No. - 139)
     12.1 Introduction
     12.2 Ranking Analysis of Top 5 Players in the NDT Market, 2016
     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 Business Strategy Excellence (25 Companies)
     12.5 Strength of Product Portfolio (25 Companies)
     12.6 Competitive Scenarios and Trends

13 Company Profiles (Page No. - 146)
(Business Overview, Products Offered, Product Offering Scorecard, Business Strategy Scorecard, Recent Developments, Key Relationships, and MnM View)*
     13.1 Introduction
     13.2 General Electric
     13.3 Mistras Group Inc.
     13.4 Olympus Corporation
     13.5 Ashtead Technology Inc.
     13.6 Nikon Metrology Inc.
     13.7 Magnaflux Corporation
     13.8 Zetec Inc.
     13.9 Eddyfi NDT Inc.
     13.10 Yxlon International GmbH
     13.11 Fischer Technology Inc.
     13.12 Sonatest Ltd.
     13.13 NDT Global GmbH & Co. Kg
     13.14 Td Williamson, Inc.
     13.15 Bosello High Technology Srl
     13.16 Key Innovator
             13.16.1 Labquip NDT Limited
             13.16.2 Ipromar PTE Ltd
             13.16.3 Fprimec Solutions

*Details on Business Overview, Products Offered, Product Offering Scorecard, Business Strategy Scorecard, Recent Developments, Key Relationships, and MnM View Might Not Be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 195)
     14.1 Insights of Industry Experts
     14.2 Discussion Guide
     14.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.4 Introducing RT: Real-Time Market Intelligence
     14.5 Available Customizations
     14.6 Related Reports
     14.7 Author Details

List of Tables (79 Tables)

Table 1 Dimensional Measurement Techniques
Table 2 Dimensional Measurement Evaluation
Table 3 Ultrasonic Transducers for Flaw Detection
Table 4 Leak Testing Techniques
Table 5 NDT Techniques for Detecting Structural Damages
Table 6 Other NDT Applications
Table 7 NDT Market, By Technique and Service, 2014–2023 (USD Billion)
Table 8 NDT Market, By Technique, 2014–2023 (USD Million)
Table 9 Non-Destructive Testing Market for UT, By Vertical, 2014–2023 (USD Million)
Table 10 Market for UT, By Region, 2014–2023 (USD Million)
Table 11 Market for VT, By Vertical, 2014–2023 (USD Million)
Table 12 Non-Destructive Testing Market for VT, By Region, 2014–2023 (USD Million)
Table 13 Market for MPT, By Vertical, 2014–2023 (USD Million)
Table 14 Market for MPT, By Region, 2014–2023 (USD Million)
Table 15 Comparison of Liquid-Penetrant Systems
Table 16 NDT Market for LPT, By Vertical, 2014–2023 (USD Million)
Table 17 NDT Market for LPT, By Region, 2014–2023 (USD Million)
Table 18 Non-Destructive Testing Market for ECT, By Vertical, 2014–2023 (USD Million)
Table 19 Non-Destructive Testing Market for ECT, By Region, 2014–2023 (USD Million)
Table 20 Market for RT, By Vertical, 2014–2023 (USD Million)
Table 21 Market for RT, By Region, 2014–2023 (USD Million)
Table 22 Non-Destructive Testing Market for AET, By Vertical, 2014–2023 (USD Million)
Table 23 Market for AET, By Region, 2014–2023 (USD Million)
Table 24 Application of Terahertz Imaging, By Industry
Table 25 Applications of Near-Infrared Spectroscopy, By Industry
Table 26 Non-Destructive Testing Market for Other Techniques, By Vertical, 2014–2023 (USD Million)
Table 27 NDT Market for Other Techniques, By Region, 2014–2023 (USD Million)
Table 28 Market, By Method, 2014–2023 (USD Million)
Table 29 Market for Visual Inspection, By Region, 2014–2023 (USD Million)
Table 30 Non-Destructive Testing Market for Surface Inspection, By Region, 2014–2023 (USD Million)
Table 31 Market for Volumetric Inspection, By Region, 2014–2023 (USD Million)
Table 32 Market for Other Methods, By Region, 2014–2023 (USD Million)
Table 33 Market, By Service, 2014–2023 (USD Million)
Table 34 Market for Inspection Services, By Vertical, 2017–2023 (USD Million)
Table 35 Market for Inspection Services, By Region, 2014–2023 (USD Million)
Table 36 NDT Market for Equipment Rental Services, By Vertical, 2014–2023 (USD Million)
Table 37 NDT Market for Equipment Rental Services, By Region, 2014–2023 (USD Million)
Table 38 Non-Destructive Testing Market for Calibration Services, By Vertical, 2014–2023 (USD Million)
Table 39 NDT Market for Calibration Services, By Region, 2014–2023 (USD Million)
Table 40 Non-Destructive Testing Market for Training Services, By Vertical, 2014–2023 (USD Million)
Table 41 NDT Market for Training Services, By Region, 2014–2023 (USD Million)
Table 42 Industries With Testing Requirements
Table 43 NDT Market, By Vertical, 2014–2023 (USD Million)
Table 44 NDT Market for Manufacturing Vertical, By Technique and Service, 2014–2023 (USD Million)
Table 45 Non-Destructive Testing Market for Manufacturing Vertical, By Region, 2014–2023 (USD Million)
Table 46 NDT Market for Oil & Gas Vertical, By Technique and Service, 2014–2023 (USD Million)
Table 47 NDT Market for Oil & Gas Vertical, By Region, 2014–2023 (USD Million)
Table 48 NDT Techniques in Aerospace
Table 49 Essential NDT Techniques for Aircraft Maintenance
Table 50 NDT Market for Aerospace Vertical, By Technique and Service, 2014–2023 (USD Million)
Table 51 NDT Market for Aerospace Vertical, By Region, 2014–2023 (USD Million)
Table 52 Non-Destructive Testing Market for Public Infrastructure Vertical, By Technique and Service, 2014–2023 (USD Million)
Table 53 Market for Public Infrastructure Vertical, By Region, 2014–2023 (USD Million)
Table 54 NDT Technologies in the Automotive Vertical
Table 55 Market for Automotive Vertical, By Technique and Service, 2014–2023 (USD Million)
Table 56 Market for Automotive Vertical, By Region, 2014–2023 (USD Million)
Table 57 Applications of NDT Techniques in Nuclear Power Plants
Table 58 Market for Power Generation Vertical, By Technique and Service, 2014–2023 (USD Million)
Table 59 Market for Power Generation Vertical, By Region, 2014–2023 (USD Million)
Table 60 Market for Other Verticals, By Technique and Service, 2014–2023 (USD Million)
Table 61 Market for Other Verticals, By Region, 2014–2023 (USD Million)
Table 62 Non-Destructive Testing Market, By Region, 2014–2023 (USD Million)
Table 63 Market in North America, By Technique, 2014–2023 (USD Million)
Table 64 Market in North America, By Service, 2014–2023 (USD Million)
Table 65 Market in North America, By Vertical, 2014–2023 (USD Million)
Table 66 Market in North America, By Country, 2014–2023 (USD Million)
Table 67 Non-Destructive Testing Market in Europe, By Technique, 2014–2023 (USD Million)
Table 68 Market in Europe, By Service, 2014–2023 (USD Million)
Table 69 Market in Europe, By Vertical, 2014–2023 (USD Million)
Table 70 Market in Europe, By Country, 2014–2023 (USD Million)
Table 71 Market in APAC, By Technique, 2014–2023 (USD Million)
Table 72 Non-Destructive Testing Market in APAC, By Service, 2014–2023 (USD Million)
Table 73 NDT Market in APAC, By Vertical, 2014–2023 (USD Million)
Table 74 NDT Market in APAC, By Country, 2014–2023 (USD Million)
Table 75 NDT Market in RoW, By Technique, 2014–2023 (USD Million)
Table 76 NDT Market in RoW, By Service, 2014–2023 (USD Million)
Table 77 Non-Destructive Testing Market in RoW, By Vertical, 2014–2023 (USD Million)
Table 78 Market in RoW, By Region, 2014–2023 (USD Million)
Table 79 Ranking Analysis of Players in the NDT Market in 2016

List of Figures (45 Figures)

Figure 1 Non-Destructive Testing Market: Process Flow of Market Size Estimation
Figure 2 Research Design: Non-Destructive Testing 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 the Research Study
Figure 7 Ultrasonic Testing Technique to Hold the Largest Market Size By 2023
Figure 8 NDT Market for Manufacturing Vertical to Exhibit Highest CAGR During 2017–2023
Figure 9 Inspection Services to Account for of the Largest Size of the NDT Market for Services During the Forecast Period
Figure 10 North America Accounted for the Largest Share of the Overall NDT Market in 2016
Figure 11 Significant Growth Opportunities for NDT Market Between 2017 and 2023
Figure 12 Inspection Services to Account for the Largest Market Size During the Forecast Period
Figure 13 China Held the Largest Market Share in APAC in 2016
Figure 14 US Accounted for the Largest Market Share
Figure 15 Ultrasonic Testing to Be the Most Preferred NDT Technique Between 2017 and 2023
Figure 16 Non-Destructive Testing Methods: Evolution
Figure 17 Increasing Demand for Corrosion Inspection Drives the Non-Destructive Testing Market During 2017–2023
Figure 18 Major Applications of NDT
Figure 19 Value Chain Analysis: NDT Market
Figure 20 NDT Services Expected to Hold A Major Share of the NDT Market During the Forecast Period
Figure 21 NDT Market Expected to Be Led By UT Technique During the Forecast Period
Figure 22 Oil & Gas Vertical to Hold the Largest Market Size for UT Technique By 2023
Figure 23 North America to Hold the Largest Size of the NDT Market for VT During the Forecast Period
Figure 24 Oil and Gas Vertical Expected to Be Hold the Largest Market Size During the Forecast Period
Figure 25 North America to Hold the Largest Size of the NDT Market for LPT During the Forecast Period
Figure 26 North America Expected to Hold the Largest Size of the NDT Market for ECT During 2017–2023
Figure 27 Volumetric Inspection Method Expected to Dominate the NDT Market Between 2017 and 2023
Figure 28 Inspection Services Expected to Account for Largest Share of the NDT Services Market By 2023
Figure 29 Power Generation Vertical Expected to Hold the Largest Size of the NDT Market By 2023
Figure 30 North America to Hold the Largest Size of the NDT Market for Power Generation Vertical By 2023
Figure 31 India to Be the Fastest-Growing Region in the Non-Destructive Testing During 2017–2023
Figure 32 Attractive Opportunities in the Manufacturing Vertical During the Forecast Period
Figure 33 Geographic Snapshot in North America, 2016
Figure 34 Germany Accounted for Largest Share in Europe in 2016
Figure 35 Geographic Snapshot in APAC, 2016
Figure 36 Geographic Snapshot in RoW, 2016
Figure 37 Leading Companies in the Non-Destructive Testing and Inspection Market Majorly Adopted Organic Strategies of Product Launches and Expansions Between 2014 and 2017
Figure 38 Competitive Leadership Mapping
Figure 39 Business Strategy Excellence
Figure 40 Strength of Product Portfolio
Figure 41 Battle for Market Share: Product Launches Was the Key Strategy During 2014–2017
Figure 42 Geographic Revenue Mix of Top Players
Figure 43 General Electric: Company Snapshot
Figure 44 Mistras Group Inc.: Company Snapshot
Figure 45 Olympus Corporation: Company Snapshot

The non-destructive testing (NDT) market is expected to be worth USD 12.06 Billion by 2023, growing at a CAGR of 7.83% between 2017 and 2023. NDT can determine discontinuities and differences in material characteristics. Some of the techniques used for NDT are ultrasonic testing, electromagnetic testing, leak testing, radiographic testing, liquid penetrant testing, and eddy current testing. NDT has its applications in various industries such as manufacturing, aerospace, automotive, oil and gas, infrastructure, and power generation. The report delivers a description of each of the application areas of non-destructive testing. The market within this study has been classified on the basis of NDT techniques, NDT services, and NDT verticals.

The ultrasonic testing segment is expected to hold the largest market share between 2017 and 2023. Ultrasonic testing uses high-frequency sound waves to detect flaws or variations in properties of the materials. The ultrasonic testing is used to determine the thickness and detect the depth of internal flaws of metallic and non-metallic materials. Ultrasonic rays have a high penetrating power, sensitivity, and accuracy; also, they are non-hazardous. Other techniques such as terahertz imaging and near-infrared spectroscopy have niche applications and the market for the same is expected to grow at the highest CAGR between 2017 and 2023.

Inspection services accounted for the largest market share in 2016. The need for regular inspection and maintenance of the equipment in the oil and gas industry vertical leads to the growing demand for NDT inspection services. Also, the booming automotive and manufacturing verticals in the APAC region are the major drivers for the growing NDT market for inspection services. The market for training services is expected to grow at highest CAGR between 2017 and 2023. The lack of skilled and qualified technicians and the need to upgrade the skills of existing technicians is one of the drivers for the growth of the NDT market for training services.

The oil and gas vertical accounted for the largest market share in 2016. The demand for testing in this sector is largely driven by the mandates pertaining to the safety and environmental regulations by various governments to extend the asset‘s life and productivity, minimize repair cost, manage risks, and avoid catastrophic disasters, and other accidents. The market for the manufacturing vertical is expected to grow at the highest rate between 2017 and 2023. High investment in various projects such as Make in India by the Indian Government, a high-tech strategy of the German Government Industries 4.0 are expected to uplift the manufacturing vertical during the forecast period.

North America held the largest share of the NDT market in 2016, and it is expected to grow at a moderate CAGR between 2017 and 2023. The market in APAC is estimated to grow at the highest rate during the forecast period. The demand for non-destructive testing in the APAC region is expected to be driven by increasing infrastructure projects and power plants.

There are few restraints for this market such as the high cost of automated NDT equipment and the lack of skilled and qualified personnel. The setup cost is high for automated equipment; as a result of which, many small-scale organizations use simple inspection systems that might not be as reliable as the automated ones. Also, the lack of awareness about new technologies and less number of training centers are hampering the NDT market.

General Electric Company (US) is the world’s largest clustered organization that offers a diversified product portfolio. The company has developed innovative products catering to the non-destructive testing market. GE offers radiographic, ultrasonic, and eddy current testing equipment. Also, it provides remote visual inspection instruments and NDT software in the market.

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