NDT and Inspection Market

NDT and Inspection Market with COVID-19 Impact by Technique (Visual Testing, Magnetic Particle, Liquid Penetrant, Eddy-Current, Ultrasonic, Radiographic, Acoustic Emission), Method, Service, Vertical, and Region - Global Forecast to 2025

Report Code: SE 2860 Nov, 2020, by marketsandmarkets.com

[231 Pages Report] The NDT and inspection market size is estimated to grow from USD 8.4 billion in 2020 to USD 11.7 billion by 2025, at a CAGR of 7.0% from 2020 to 2025. NDT techniques are used primarily in engineering industries for evaluating different properties of structures, equipment, components, and materials without causing any damage.

Non-Destructive Testing Services Market

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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 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. Stringent government regulations regarding public safety & product quality and continuous advances in electronics, automation, and robotics are key factors driving market's growth. The high adoption of IoT devices and rising need to assess aging assets' health also propel the NDT and inspection market development.

COVID-19 impact on the NDT and inspection market

The COVID-19 has severely impacted the growth of the NDT and inspection market. Global sales of NDT and inspection equipment and services for key verticals such as oil & gas and aerospace are expected to decline by 10–15% in the fiscal year 2020, depending upon the virus's progression in different parts of the world. The decline in the number of new oil and exploration projects, temporary shutdown of production facilities, and reduction in crude oil prices hamper the growth of market. However, the short-term supply chain disruptions are expected to affect market growth in key regions.

Market Dynamics

DRIVERS: Stringent government regulations regarding public safety and product quality

Increasing complexity of machinery, growing requirements of precise product usage specifications, ongoing stringent implementation of government regulations to ensure the workforce's safety, and rising stringent quality control requirements are the key factors that augment the growth of the market for NDT and inspection equipment and services. Prior evidence of infrastructure failures such as leakages in nuclear refineries, pipeline explosions, and refinery blasts has prompted governments worldwide to impose stringent safety regulations, which have fueled the demand for NDT and inspection of equipment and services.

RESTRAINTS: A dearth of skilled and qualified personnel to carry out NDT and inspection activities

The demand for NDT and inspection services is gaining more momentum than NDT and inspection equipment. Additionally, it has become important for players to enhance their global presence, and at the same time, create a highly qualified workforce for providing effective NDT and inspection services. Thus, a qualified workforce with the required NDT and inspection skillset is a strategic concern for companies. Stringent government regulations and the high complexity of NDT and inspection techniques lead to the increasing requirement of skilled testers and inspectors

OPPORTUNITIES: Large-scale infrastructural developments in APAC, Europe, and Latin America

Emerging economies such as India, China, Malaysia, and Brazil are experiencing rapid infrastructural developments such as constructing new bridges, dams, railways, power plants, and refineries. This drives the demand for NDT and inspection services and equipment, which, in turn, is expected to accelerate the growth of the companies providing NDT and inspection services and equipment.

CHALLENGES: Limited manufacturing activities and supply chain disruptions caused by COVID-19

The main issue being faced by the manufacturing industry is supply chain disruptions. Various rules and regulations imposed by governments of different countries of the world to contain the spread of the COVID-19 include restrictions on the export and import of products and raw materials. This has led to significant supply chain issues throughout the world, causing a shortage of raw materials in various industries. As various industries cannot resume their operations, the demand for NDT and inspection equipment and solutions has also reduced. Hence, the NDT and inspection market is facing a drop in its size in the present situation.

The ultrasonic technique (UT) is likely to be the largest contributor in the NDT and inspection market during the forecast period

The market for the UT (ultrasonic testing) technique is projected to largest contributor in NDT Market. It is presently the most popular NDT technique due to its ability to identify defects and accurately determine their severity. Some advanced techniques such as ultrasonic immersion testing and guided-wave ultrasonic testing can be used for critical applications in the oil & gas and aerospace industries, among many others. RT (radiographic testing) is estimated to be the second-largest market in 2019. Recent advancements in digital radiography make RT a reliable NDT technique for inspection.

“Inspection services to account for the largest market size by 2019.”

NDT inspection services are likely to account for the largest share of the market in 2019. NDT techniques' primary purpose is to inspect objects, materials, machinery, and structures for defects so that they can be rectified in a timely and cost-effective manner. After inspection services, training services are likely to continue to gain the second-largest market share in the coming years since training NDT technicians to keep them updated with new technological trends and make them aware of the customers' changing demands is equally essential.

“The NDT and inspection market in APAC to grow at the highest CAGR during the forecast period.”

Asia Pacific is likely to be the fastest-growing region in the NDT and inspection market due to the rapid infrastructural development and automation adoption in manufacturing industries in countries such as India and China. Countries in Asia Pacific are involved in the manufacturing of defense aircraft, which is expected to increase NDT and inspection equipment and services in the defense & aerospace industry. Many infrastructural development projects are under construction and scheduled to be constructed in the region during the forecast period. The demand for automobiles is estimated to grow substantially by 2025.

Non-Destructive Testing Services Market by Region

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In 2019, the Global NDT and inspection market was dominated by General Electric (US), Olympus Corporation (Japan), MISTRAS Group (US), Nikon Metrology (Belgium), and Ashtead Technology (Scotland), YXLON International (Germany), Sonatest (UK), Zetec, Inc. (US), T.D. Williamson Inc. (US), Bosello High Technology srl (Italy), Eddyfi (Canada), and Magnaflux (US), Fischer Technology Inc. (US), Cygnus Instruments Ltd. (UK), NDT Global GmbH (Germany), Acuren (US), and LynX Inspection (Canada). A few strategies adopted by these players to compete in market include product launches and development, partnerships, and mergers and acquisition.

Scope of the Report:

Report Metric

Details

Market size available for years

2017–2025

Base year

2019

Forecast period

2020–2025

Units

Value (USD Million/ Billion),

Segments covered

Techniques, Services, method, verticals, and geography

Region covered

North America, Europe, APAC, and RoW

Companies covered

by General Electric (US), Olympus Corporation (Japan), MISTRAS Group (US), Nikon Metrology (Belgium), and Ashtead Technology (Scotland), SGS S.A(Switzerland), YXLON International (Germany), Sonatest (UK), Zetec, Inc. (US), T.D. Williamson Inc. (US), Bosello High Technology srl (Italy), Eddyfi (Canada), and Magnaflux (US), Fischer Technology Inc. (US), Cygnus Instruments Ltd. (UK), NDT Global GmbH (Germany), Acuren (US), and LynX Inspection (Canada) among others.

This report categorizes the NDT and inspection market based on the technology, applications, control mode, and region.

By Technique

  • Ultrasonic Testing
    • Straight beam testing
    • Angle beam testing
    • Immersion ultrasound testing
    • Phased array testing
    • Time-of-flight diffraction testing
    • Guided wave testing
  • Visual Testing
    • General Visual Inspection
    • Aided Visual Inspection
  • Magnetic Particle Testing
  • Liquid Penetrant Testing
  • Eddy-Current Testing
    • alternating current field measurement (ACFM)
    • Remote field testing (RFT)
    • Eddy-current arrays (ECA).
  • Radiographic Testing
    • X-ray Testing
    • Gamma Ray Testing
    • Computed Radiography
    • Film Radiography
    • Direct Radiography
  • Acoustic Emission Testing
  • Others
    • Terahertz imaging
    • Near-Infrared Spectroscopy

Method

  • Visual Inspection
  • Surface Inspection
  • Volumetric Inspection
  • Others

Services

  • Inspection Services
    • Ultrasonic Inspection
    • Radiographic Inspection
    • Visual Inspection
    • Magnetic Particle Inspection
    • Advanced Eddy-Current Inspection
    • Liquid Penetrant Inspection
  • Training Services
  • Equipment Rental Services
  • Calibration services

Vertical

  • Manufacturing
  • Oil & Gas
  • Aerospace
  • Public Infrastructure
  • Automotive
  • Power Generation
  • Others
    • Marine
    • Medical and Health
    • Plastics and Polymers

Geography

  • North America
    • Us
    • Canada
    • Mexico
  • Europe
    • UK
    • France
    • Germany
    • Italy
    • Rest of Europe (includes Switzerland, Russia, the Netherlands, and Belgium)
  • APAC
    • China
    • Japan
    • India
    • Rest of APAC (Includes Australia, South Korea, Thailand, and countries in Southeast Asia)
  • RoW
    • South America
    • Middle East
    • Africa

Recent Developments

  • In September 2019, MISTRAS Group acquired New Century Software (US), a leading provider of pipeline integrity management software and services to energy transportation companies.
  • In June 2019, Olympus Corporation launched the DSX1000 digital microscope, which significantly improves the inspection workflow of users and enables the analysis of a wide variety of samples with a single tool.
  • In January 2018, Avitas Systems, a GE Venture, collaborated with Limelight Networks, Inc. for using its private network and distributed cloud infrastructure to deploy its next-generation, automated inspection platform. Avitas Systems Platform also utilizes GE’s Predix Edge solution, allowing users to continue to benefit from GE’s Predix application services suite's use and functionality.
  • In May 2018, Olympus introduced the IPLEX G Lite ultra-portable industrial videoscope, which is useful for inspecting hard-to-reach areas of aircraft and piping. The device is highly efficient and easy to control.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 27)
    1.1 STUDY OBJECTIVES
    1.2 MARKET DEFINITION
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 STUDY SCOPE
           1.3.1 MARKETS COVERED
           1.3.2 GEOGRAPHIC SCOPE
           1.3.3 YEARS CONSIDERED
    1.4 CURRENCY
    1.5 LIMITATIONS
    1.6 PACKAGE SIZE
    1.7 STAKEHOLDERS
    1.8 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 32)
    2.1 RESEARCH DATA
        FIGURE 1 NDT AND INSPECTION MARKET: PROCESS FLOW FOR MARKET SIZE ESTIMATION
        FIGURE 2 RESEARCH DESIGN: MARKET
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key data from 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 obtaining market size using bottom-up analysis (demand side)
                            FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    2.2.2.1 Approach for obtaining market size using top-down analysis (supply side)
                            FIGURE 4 NDT AND INSPECTION MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
        FIGURE 5 DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS
        FIGURE 6 ASSUMPTIONS FOR RESEARCH STUDY
    2.5 RESEARCH LIMITATIONS
    2.6 RISKS

3 EXECUTIVE SUMMARY (Page No. - 43)
  FIGURE 7 PRE- AND POST-COVID-19 IMPACT ANALYSIS FOR NDT AND INSPECTION MARKET
  TABLE 1 PRE- AND POST-COVID-19 IMPACT ANALYSIS FOR MARKET, 2017–2025 (USD BILLION)
  FIGURE 8 SERVICE SEGMENT TO HOLD LARGE SIZE OF MARKET FROM 2020 TO 2025 IN TERMS OF VALUE
  FIGURE 9 UT SEGMENT TO HOLD LARGEST SIZE OF MARKET IN 2020 IN TERMS OF VALUE
  FIGURE 10 MANUFACTURING SEGMENT OF MARKET TO GROW AT HIGHEST CAGR FROM 2020 TO 2025 IN TERMS OF VALUE
  FIGURE 11 INSPECTION SERVICES SEGMENT TO ACCOUNT FOR LARGEST SIZE OF MARKET FROM 2020 TO 2025 IN TERMS OF VALUE
  FIGURE 12 NORTH AMERICA ACCOUNTED FOR LARGEST SHARE OF NDT MARKET IN 2019 IN TERMS OF VALUE

4 PREMIUM INSIGHTS (Page No. - 49)
    4.1 ATTRACTIVE OPPORTUNITIES FOR NDT AND INSPECTION MARKET
        FIGURE 13 SIGNIFICANT GROWTH OPPORTUNITIES FOR MARKET FROM 2020 TO 2025
    4.2 MARKET, BY SERVICE
        FIGURE 14 INSPECTION SERVICES SEGMENT TO ACCOUNT FOR LARGEST SIZE OF MARKET FROM 2017 TO 2025 IN TERMS OF VALUE
    4.3 MARKET IN APAC, BY COUNTRY AND TECHNIQUE, 2019
        FIGURE 15 CHINA AND UT TECHNIQUE SEGMENT HELD LARGEST SHARES OF MARKET IN APAC IN 2019 IN TERMS OF VALUE
    4.4 NDT AND INSPECTION MARKET, BY GEOGRAPHY
        FIGURE 16 MARKET IN INDIA TO GROW AT HIGHEST CAGR FROM 2020 TO 2025 IN TERMS OF VALUE
    4.5 MARKET, BY TECHNIQUE, 2020 & 2025
        FIGURE 17 UT SEGMENT TO ACCOUNT FOR LARGEST SIZE OF MARKET FROM 2020 TO 2025 IN TERMS OF VALUE

5 MARKET OVERVIEW (Page No. - 52)
    5.1 INTRODUCTION
    5.2 AVERAGE SELLING PRICE ANALYSIS
        FIGURE 18 AVERAGE SELLING PRICE OF NDT AND INSPECTION TECHNIQUES
    5.3 TECHNOLOGY ANALYSIS
    5.4 PATENT ANALYSIS
        FIGURE 19 NDT AND INSPECTION MARKET – PATENT ANALYSIS FROM JANUARY 2018 TO AUGUST 2020
    5.5 ECOSYSTEM
        FIGURE 20 MARKET: ECOSYSTEM
    5.6 EVOLUTION OF NDT AND INSPECTION METHODS
        FIGURE 21 NDT AND INSPECTION METHODS: EVOLUTION
    5.7 MARKET DYNAMICS
        FIGURE 22 STRINGENT GOVERNMENT REGULATIONS REGARDING PUBLIC SAFETY AND PRODUCT QUALITY TO DRIVE GROWTH OF NDT AND INSPECTION MARKET
           5.7.1 DRIVERS
                    5.7.1.1 Stringent government regulations regarding public safety and product quality
                    5.7.1.2 Increased adoption of NDT and inspection equipment and services in electronics, automation, and robotics industrial segments
                    5.7.1.3 High adoption of IoT devices
                    5.7.1.4 Increased demand for assessment of health of aging assets
                            FIGURE 23 MARKET DRIVERS AND THEIR IMPACT
           5.7.2 RESTRAINTS
                    5.7.2.1 Dearth of skilled and qualified personnel to carry out NDT and inspection activities
                            FIGURE 24 NDT AND INSPECTION MARKET RESTRAINTS AND THEIR IMPACT
           5.7.3 OPPORTUNITIES
                    5.7.3.1 Large-scale infrastructural developments in APAC, Europe, and Latin America
                    5.7.3.2 Increased demand for NDT and inspection services from power generation industry
                    5.7.3.3 Technological advancements in NDT and inspection techniques and emergence of new applications
                    5.7.3.4 Importance of NDT and inspection activities in controlling corrosion in aging infrastructures
                            FIGURE 25 MARKET OPPORTUNITIES AND THEIR IMPACT
           5.7.4 CHALLENGES
                    5.7.4.1 Limited manufacturing activities and supply chain disruptions caused by COVID-19
                    5.7.4.2 Reluctance to adopt new and high-cost NDT and inspection techniques
                    5.7.4.3 Increased complexity of machines and structures
                    5.7.4.4 High costs of automated NDT and inspection equipment
                            FIGURE 26 NDT AND INSPECTION MARKET CHALLENGES AND THEIR IMPACT
    5.8 CUMULATIVE GROWTH ANALYSIS
        TABLE 2 MARKET: CUMULATIVE GROWTH ANALYSIS
    5.9 APPLICATIONS OF NDT AND INSPECTION
        FIGURE 27 KEY APPLICATIONS OF NDT AND INSPECTIONS
           5.9.1 DIMENSIONAL MEASUREMENT
                 TABLE 3 DIMENSIONAL MEASUREMENT TECHNIQUES
                 TABLE 4 OBJECTIVES OF DIMENSIONAL MEASUREMENTS
           5.9.2 FLAW DETECTION
                 TABLE 5 DIFFERENT TYPES OF ULTRASONIC TRANSDUCERS USED IN FLAW DETECTION
           5.9.3 LEAK DETECTION
                 TABLE 6 LEAK TESTING TECHNIQUES
           5.9.4 PHYSICAL PROPERTY ESTIMATION
           5.9.5 CHEMICAL COMPOSITION DETERMINATION
                    5.9.5.1 Plasma emission spectrography
                    5.9.5.2 Corrosion resistance testing
           5.9.6 STRESS AND STRUCTURE ANALYSIS
                 FIGURE 28 NDT TECHNIQUES FOR DETECTING STRUCTURAL DAMAGES
           5.9.7 OTHERS
                 TABLE 7 OTHER NDT AND INSPECTION APPLICATION AREAS

6 INDUSTRY TRENDS (Page No. - 70)
    6.1 INTRODUCTION
    6.2 VALUE CHAIN ANALYSIS
        FIGURE 29 VALUE CHAIN: NDT AND INSPECTION MARKET
    6.3 EMERGING TRENDS: NDT AND INSPECTION EQUIPMENT INDUSTRY
           6.3.1 USE OF COMBINATION OF TECHNIQUES
           6.3.2 DEVELOPMENT OF NEW MATERIALS TO REFURBISH MARKET
           6.3.3 INCREASED CUSTOMER EXPECTATIONS FROM NDT AND INSPECTION EQUIPMENT
    6.4 REGULATIONS AND STANDARDS RELATED TO NDT AND INSPECTION
    6.5 LEADING ASSOCIATIONS FOR NDT AND INSPECTION
           6.5.1 THE AMERICAN SOCIETY FOR NONDESTRUCTIVE TESTING
           6.5.2 THE BRITISH INSTITUTE OF NON-DESTRUCTIVE TESTING
           6.5.3 ASTM INTERNATIONAL
           6.5.4 IMPACT OF EMERGING TECHNOLOGIES ON NDT
    6.6 ECONOMIC IMPACT OF NDT AND INSPECTION TECHNIQUES
           6.6.1 USE CASE 1: PUBLIC INFRASTRUCTURES
           6.6.2 USED CASE 2: OIL AND GAS INDUSTRY
                 FIGURE 30 COST COMPARISON OF DOWNSTREAM INDUSTRIES

7 NDT AND INSPECTION MARKET, BY TECHNIQUE (Page No. - 82)
    7.1 INTRODUCTION
        FIGURE 31 SERVICE SEGMENT TO ACCOUNT FOR LARGE SIZE OF NDT AND INSPECTION MARKET FROM 2020 TO 2025
        TABLE 8 MARKET, BY TECHNIQUE AND SERVICE, 2017–2025 (USD BILLION)
        FIGURE 32 UT TECHNIQUE SEGMENT TO ACCOUNT FOR LARGEST SIZE OF MARKET FROM 2020 TO 2025
        TABLE 9 MARKET, BY TECHNIQUE, 2017–2025 (USD MILLION)
        TABLE 10 MARKET, BY TECHNIQUE, 2017–2025 (UNITS)
    7.2 ULTRASONIC TESTING (UT)
           7.2.1 STRAIGHT BEAM TESTING
                    7.2.1.1 Growing deployment of straight beam testing for inspecting composites and mapping pipeline corrosion
           7.2.2 ANGLE BEAM TESTING
                    7.2.2.1 Surging demand for angle beam testing in weld inspections
           7.2.3 IMMERSION TESTING
                    7.2.3.1 Rising adoption of immersion testing in industrial and manufacturing sectors to assure welding quality
           7.2.4 GUIDED WAVE TESTING
                    7.2.4.1 Growing use of guided wave testing for overall screening of pipe walls
           7.2.5 PHASED ARRAY TESTING
                    7.2.5.1 Increasing deployment of phased array inspection technique for corrosion, flaw, and crack detection and weld inspection
           7.2.6 TIME-OF-FLIGHT DIFFRACTION (TOFD)
                    7.2.6.1 Surging adoption of time-of-flight diffraction technique for weld flaw detection
                            FIGURE 33 OIL AND GAS VERTICAL TO HOLD LARGEST SIZE OF NDT AND INSPECTION MARKET FOR UT TECHNIQUE IN 2020
                            TABLE 11 MARKET FOR UT TECHNIQUE, BY VERTICAL, 2017–2025 (USD MILLION)
                            TABLE 12 MARKET FOR UT TECHNIQUE, BY REGION, 2017–2025 (USD MILLION)
    7.3 VISUAL TESTING (VT)
           7.3.1 GENERAL VISUAL INSPECTION
                    7.3.1.1 Rising demand for deployment of cost-effective general visual inspection technique for quick detection of flaws in test objects
           7.3.2 AIDED VISUAL INSPECTION
                    7.3.2.1 Growing use of aided visual inspection for predictive and regular maintenance of fixed and movable assets
                    7.3.2.2 Borescopes
                               7.3.2.2.1 Surging demand for borescopes for inspecting aircraft engines, steam turbines, diesel engines, and automobile engines
                    7.3.2.3 Endoscopes
                               7.3.2.3.1 Rising adoption of endoscopes in NDT and inspection activities owing to their cost-effectiveness
                    7.3.2.4 Videoscopes
                               7.3.2.4.1 Growing use of videoscopes to produce high-quality images for detecting flaws in test objects and streamlining inspection process
                                         TABLE 13 NDT AND INSPECTION MARKET FOR VT TECHNIQUE, BY VERTICAL, 2017–2025 (USD MILLION)
                                         TABLE 14 MARKET FOR VT TECHNIQUE, BY REGION, 2017–2025 (USD MILLION)
    7.4 MAGNETIC PARTICLE TESTING (MPT)
           7.4.1 RISING DEMAND FOR MAGNETIC PARTICLE TESTING TO CARRY OUT UNDERWATER INSPECTIONS
                 FIGURE 34 MANUFACTURING SEGMENT TO HOLD LARGEST SIZE OF MARKET FOR MPT TECHNIQUE IN 2025
                 TABLE 15 MARKET FOR MPT TECHNIQUE, BY VERTICAL, 2017–2025 (USD MILLION)
                 TABLE 16 MARKET FOR MPT TECHNIQUE, BY REGION, 2017–2025 (USD MILLION)
    7.5 LIQUID PENETRANT TESTING (LPT)
           7.5.1 INCREASING DEMAND FOR LIQUID PENETRANT TESTING TO TEST DIFFERENT MATERIALS
                 TABLE 17 COMPARISON OF DIFFERENT LPT TECHNIQUES
                 TABLE 18 MARKET FOR LPT TECHNIQUE, BY VERTICAL, 2017–2025 (USD MILLION)
                 TABLE 19 NDT AND INSPECTION MARKET FOR LPT TECHNIQUE, BY REGION, 2017–2025 (USD MILLION)
    7.6 EDDY-CURRENT TESTING (ECT)
           7.6.1 ALTERNATING CURRENT FIELD MEASUREMENT (ACFM)
                    7.6.1.1 Growing use of ACFM technique for weld and threat inspections of magnetic and non-magnetic components
           7.6.2 REMOTE FIELD TESTING (RFT)
                    7.6.2.1 Surging use of RFT for defect detection in internal and external surfaces
           7.6.3 EDDY-CURRENT ARRAY (ECA)
                    7.6.3.1 Surging demand for ECA technique for corrosion detection
                            TABLE 20 NDT AND INSPECTION MARKET FOR ECT TECHNIQUE, BY VERTICAL, 2017–2025 (USD MILLION)
                            TABLE 21 NDT INSPECTION MARKET FOR ECT TECHNIQUE, BY REGION, 2017–2025 (USD MILLION)
    7.7 RADIOGRAPHIC TESTING (RT)
           7.7.1 X-RAY TESTING
                    7.7.1.1 Rising use of X-ray testing for detection of surface and internal discontinuities
           7.7.2 GAMMA RAY TESTING
                    7.7.2.1 Increasing use of Gamma ray testing to detect internal voids in materials
           7.7.3 COMPUTED RADIOGRAPHY
                    7.7.3.1 Growing adoption of computed radiography in clinical applications owing to its reliability, flexibility, and cost-effectiveness
           7.7.4 FILM RADIOGRAPHY
                    7.7.4.1 Surging deployment of film radiography for inspecting hidden flaws in different types of materials
           7.7.5 DIRECT RADIOGRAPHY (REAL-TIME)
                    7.7.5.1 Increasing use of direct radiography for crack detection
                            FIGURE 35 OIL AND GAS VERTICAL SEGMENT TO HOLD LARGEST SIZE OF NDT AND INSPECTION MARKET FOR RT TECHNIQUE FROM 2020 TO 2025
                            TABLE 22 MARKET FOR RT TECHNIQUE, BY VERTICAL, 2017–2025 (USD MILLION)
                            TABLE 23 MARKET FOR RT TECHNIQUE, BY REGION, 2017–2025 (USD MILLION)
    7.8 ACOUSTIC EMISSION TESTING (AET)
           7.8.1 INCREASING DEMAND FOR AET FROM METALS INDUSTRY TO DRIVE GROWTH OF MARKET
                 TABLE 24 MARKET FOR AET TECHNIQUE, BY VERTICAL, 2017–2025 (USD MILLION)
                 TABLE 25 MARKET FOR AET TECHNIQUE, BY REGION, 2017–2025 (USD MILLION)
    7.9 OTHERS
           7.9.1 TERAHERTZ IMAGING
                 TABLE 26 APPLICATIONS OF TERAHERTZ IMAGING, BY INDUSTRY
           7.9.2 NEAR-INFRARED SPECTROSCOPY
                 TABLE 27 APPLICATIONS OF NEAR-INFRARED SPECTROSCOPY, BY INDUSTRY
                 TABLE 28 MARKET FOR OTHER TECHNIQUES, BY VERTICAL, 2017–2025 (USD MILLION)
                 TABLE 29 NDT AND INSPECTION MARKET FOR OTHER TECHNIQUES, BY REGION, 2017–2025 (USD MILLION)

8 NDT AND INSPECTION MARKET, BY METHOD (Page No. - 105)
    8.1 INTRODUCTION
        FIGURE 36 VOLUMETRIC INSPECTION METHOD SEGMENT EXPECTED TO LEAD MARKET FROM 2020 TO 2025
        TABLE 30 NDT AND INSPECTION MARKET, BY METHOD, 2017–2025 (USD MILLION)
    8.2 VISUAL INSPECTION
           8.2.1 EMERGENCE OF VISUAL INSPECTION AS MOST COST-EFFECTIVE METHOD FOR SURFACE INSPECTION
    8.3 SURFACE INSPECTION
           8.3.1 DEPLOYMENT OF SURFACE INSPECTION TECHNIQUE TO DETECT CRACKS AND DISCONTINUITIES ON SURFACES OF COMPONENTS
    8.4 VOLUMETRIC INSPECTION
           8.4.1 VOLUMETRIC INSPECTION METHOD HELD LARGEST SHARE OF NDT AND INSPECTION MARKET IN 2019
    8.5 OTHERS

9 NDT AND INSPECTION MARKET, BY SERVICE (Page No. - 109)
    9.1 INTRODUCTION
        FIGURE 37 INSPECTION SERVICES SEGMENT TO ACCOUNT FOR LARGEST SIZE OF NDT AND INSPECTION MARKET IN 2025
        TABLE 31 MARKET, BY SERVICE, 2017–2025 (USD MILLION)
    9.2 INSPECTION SERVICES
           9.2.1 ULTRASONIC INSPECTION
                    9.2.1.1 Growing use of ultrasonic inspection technique to detect internal defects with high accuracy
           9.2.2 RADIOGRAPHIC INSPECTION
                    9.2.2.1 Increasing adoption of radiographic inspection for detecting both planar and volumetric defects
           9.2.3 VISUAL INSPECTION
                    9.2.3.1 Rising use of cost-effective visual inspection technique for inspecting objects, parts, or components
           9.2.4 MAGNETIC PARTICLE INSPECTION
                    9.2.4.1 Surging deployment of magnetic particle inspection to detect surfaces and subsurface discontinuities in ferromagnetic materials
           9.2.5 ADVANCED EDDY-CURRENT INSPECTION
                    9.2.5.1 Growing demand for advanced Eddy-current equipment for fault detection and inspection of complex shapes of conductive materials
           9.2.6 LIQUID PENETRANT INSPECTION
                    9.2.6.1 Rising use of liquid penetrant inspection to detect surface discontinuities in both ferromagnetic and non-ferromagnetic materials
                            TABLE 32 NDT AND INSPECTION MARKET FOR INSPECTION SERVICES, BY VERTICAL, 2017–2025 (USD MILLION)
    9.3 EQUIPMENT RENTAL SERVICES
           9.3.1 FLOURISHING MARKET FOR EQUIPMENT RENTAL SERVICES GLOBALLY
                 FIGURE 38 POWER GENERATION SEGMENT EXPECTED TO ACCOUNT FOR LARGEST SIZE OF MARKET FOR EQUIPMENT RENTAL SERVICES IN 2025
                 TABLE 33 MARKET FOR EQUIPMENT RENTAL SERVICES, BY VERTICAL, 2017–2025 (USD MILLION)
    9.4 CALIBRATION SERVICES
           9.4.1 GROWING REQUIREMENT FOR HIGHLY ACCURATE TESTING EQUIPMENT TO DRIVE DEMAND FOR CALIBRATION SERVICES
                 TABLE 34 MARKET FOR CALIBRATION SERVICES, BY VERTICAL, 2017–2025 (USD MILLION)
    9.5 TRAINING SERVICES
           9.5.1 FLOURISHING MARKET FOR TRAINING SERVICES OWING TO RISING DEMAND FOR SKILLED TECHNICIANS
                 FIGURE 39 POWER GENERATION SEGMENT TO ACCOUNT FOR LARGEST SIZE OF MARKET FOR TRAINING SERVICES MARKET BY 2025
                 TABLE 35 MARKET FOR TRAINING SERVICES, BY VERTICAL, 2017–2025 (USD MILLION)

10 NDT AND INSPECTION MARKET, BY VERTICAL (Page No. - 119)
     10.1 INTRODUCTION
          TABLE 36 TESTING REQUIREMENTS OF DIFFERENT INDUSTRIES
          FIGURE 40 OIL AND GAS SEGMENT TO HOLD LARGEST SIZE OF NDT AND INSPECTION MARKET IN 2020
          TABLE 37 MARKET, BY VERTICAL, 2017–2025 (USD MILLION)
     10.2 MANUFACTURING
             10.2.1 ADVANCED NDT AND INSPECTION TECHNIQUES FOR MANUFACTURING VERTICAL
                        10.2.1.1 Electromagnetic acoustic transducer (EMAT) technique
                                     10.2.1.1.1 EMAT technique increases overall probability of flaw and fracture detection in metal surfaces
                                                TABLE 38 MARKET FOR MANUFACTURING VERTICAL, BY TECHNIQUE AND SERVICE, 2017–2025 (USD MILLION)
                                                FIGURE 41 APAC TO ACCOUNT FOR LARGEST SIZE OF MARKET FOR MANUFACTURING VERTICAL IN 2020
                                                TABLE 39 MARKET FOR MANUFACTURING VERTICAL, BY REGION, 2017–2025 (USD MILLION)
                                                TABLE 40 MARKET IN NORTH AMERICA FOR MANUFACTURING VERTICAL, BY COUNTRY, 2017–2025 (USD MILLION)
                                                TABLE 41 MARKET IN EUROPE FOR MANUFACTURING VERTICAL, BY COUNTRY, 2017–2025 (USD MILLION)
                                                TABLE 42 MARKET IN APAC FOR MANUFACTURING VERTICAL, BY COUNTRY, 2017–2025 (USD MILLION)
                                                TABLE 43 MARKET IN ROW FOR MANUFACTURING VERTICAL, BY REGION, 2017–2025 (USD MILLION)
     10.3 OIL AND GAS
             10.3.1 REFINERIES
                        10.3.1.1 Refineries adopt NDT and inspection technique to ensure operating safety and avoid unplanned outages
             10.3.2 TRANSMISSION PIPELINES
                        10.3.2.1 Increased demand for NDT and inspection techniques for inspection and maintenance of transmission pipelines
             10.3.3 SUBSEA PIPELINES
                        10.3.3.1 Deployment of NDT and inspection techniques for corrosion mapping in subsea pipelines
             10.3.4 STORAGE TANKS
                        10.3.4.1 Application of NDT and inspection techniques for detection of imperfections in storage tanks
             10.3.5 ADVANCED NDT TECHNIQUES FOR OIL AND GAS VERTICAL
                        10.3.5.1 Long-range ultrasonic technique (LRUT)
                                     10.3.5.1.1 Adoption of long-range ultrasonic technique for detection of corrosion under insulation (CUI) in onshore and offshore oil and gas pipelines
                        10.3.5.2 Positive metal identification technique
                                     10.3.5.2.1 Use of positive metal identification technique for identification of flow acceleration corrosion
                                                TABLE 44 NDT AND INSPECTION MARKET FOR OIL AND GAS VERTICAL, BY TECHNIQUE AND SERVICE, 2017–2025 (USD MILLION)
                                                TABLE 45 MARKET FOR OIL AND GAS VERTICAL, BY REGION, 2017–2025 (USD MILLION)
                                                TABLE 46 MARKET IN NORTH AMERICA FOR OIL AND GAS VERTICAL, BY COUNTRY, 2017–2025 (USD MILLION)
                                                TABLE 47 MARKET IN EUROPE FOR OIL AND GAS VERTICAL, BY COUNTRY, 2017–2025 (USD MILLION)
                                                TABLE 48 MARKET IN APAC FOR OIL AND GAS VERTICAL, BY COUNTRY, 2017–2025 (USD MILLION)
                                                FIGURE 42 MIDDLE EAST TO HOLD LARGEST SIZE OF MARKET FOR OIL AND GAS VERTICAL IN 2020
                                                TABLE 49 MARKET IN ROW FOR OIL AND GAS VERTICAL, BY REGION, 2017–2025 (USD MILLION)
     10.4 AEROSPACE
          TABLE 50 NDT AND INSPECTION TECHNIQUES IN AEROSPACE VERTICAL
             10.4.1 AIRCRAFT ENGINE PART PRODUCTION
                        10.4.1.1 Deployment of Eddy-current testing, ultrasonic testing, and visual testing for checking aircraft engine parts
             10.4.2 COMPOSITE AIRFRAME MANUFACTURING
                        10.4.2.1 Increased use of NDT and inspection methods for testing composite materials used in aircraft
             10.4.3 AIRCRAFT MAINTENANCE
                        10.4.3.1 Deployment of ultrasonic testing, radiographic testing, visual testing, and infrared thermography for aircraft maintenance
                                 TABLE 51 ESSENTIAL NDT AND INSPECTION TECHNIQUES FOR AIRCRAFT MAINTENANCE
             10.4.4 MATERIAL ANALYSIS
                        10.4.4.1 Adoption of penetrant testing for material analysis in aerospace industry
             10.4.5 ADVANCED NDT AND INSPECTION TECHNIQUES FOR AEROSPACE VERTICAL
                        10.4.5.1 Dynamic thermography
                                     10.4.5.1.1 Dynamic thermography enables real-time high-speed scanning and contactless inspection of test objects
                        10.4.5.2 Air-coupled ultrasound
                                     10.4.5.2.1 Air-coupled ultrasound technique detects defects with high accuracy and probability
                        10.4.5.3 Dynamic interferometry
                                     10.4.5.3.1 Dynamic interferometry carries out cost-effective and fast inspections
                                                TABLE 52 NDT AND INSPECTION MARKET FOR AEROSPACE VERTICAL, BY TECHNIQUE AND SERVICE, 2017–2025 (USD MILLION)
                                                TABLE 53 MARKET FOR AEROSPACE VERTICAL, BY REGION, 2017–2025 (USD MILLION)
                                                TABLE 54 MARKET IN NORTH AMERICA FOR AEROSPACE VERTICAL, BY COUNTRY, 2017–2025 (USD MILLION)
                                                TABLE 55 MARKET IN EUROPE FOR AEROSPACE VERTICAL, BY COUNTRY, 2017–2025 (USD MILLION)
                                                TABLE 56 MARKET IN APAC FOR AEROSPACE VERTICAL, BY COUNTRY, 2017–2025 (USD MILLION)
                                                TABLE 57 MARKET IN ROW FOR AEROSPACE VERTICAL, BY REGION, 2017–2025 (USD MILLION)
     10.5 PUBLIC INFRASTRUCTURE
             10.5.1 MILITARY AND DEFENSE
                        10.5.1.1 Adoption of NDT and inspection techniques for evaluating helicopter components and aircraft engine turbine blades
             10.5.2 AIRPORT SECURITY
                        10.5.2.1 Increased use of NDT and inspection techniques in airport security to screen goods to be transported
             10.5.3 RAILWAYS
                        10.5.3.1 Railways use NDT and inspection techniques for checking rail wheels, axles, and tracks
             10.5.4 BRIDGES AND TUNNELS
                        10.5.4.1 Surged demand for maintenance of aging bridges and tunnels
             10.5.5 BORDER CROSSING
                        10.5.5.1 Increased use of NDT and inspection techniques to check barriers used at border crossing
             10.5.6 NUCLEAR WASTE STORAGE AND DECOMMISSIONING
                        10.5.6.1 Deployment of NDT and inspection techniques in nuclear power plants for leak detection
             10.5.7 ADVANCED NDT AND INSPECTION TECHNIQUES EMPLOYED FOR PUBLIC INFRASTRUCTURES
                        10.5.7.1 Impact echo
                                     10.5.7.1.1 Highly accurate and reliable inspections carried out by impact echo technique
                        10.5.7.2 Ground penetrating radars (GPR)
                                     10.5.7.2.1 Ground penetrating radars detect rebar, corrosion, and delamination in surfaces under test
                                                TABLE 58 NDT AND INSPECTION MARKET FOR PUBLIC INFRASTRUCTURE VERTICAL, BY TECHNIQUE AND SERVICE, 2017–2025 (USD MILLION)
                                                FIGURE 43 NORTH AMERICA TO HOLD LARGEST SIZE OF MARKET FOR PUBLIC INFRASTRUCTURE VERTICAL FROM 2020 TO 2025
                                                TABLE 59 MARKET FOR PUBLIC INFRASTRUCTURE VERTICAL, BY REGION, 2017–2025 (USD MILLION)
                                                TABLE 60 MARKET IN NORTH AMERICA FOR PUBLIC INFRASTRUCTURE VERTICAL, BY COUNTRY, 2017–2025 (USD MILLION)
                                                TABLE 61 MARKET IN EUROPE FOR PUBLIC INFRASTRUCTURE VERTICAL, BY COUNTRY, 2017–2025 (USD MILLION)
                                                TABLE 62 MARKET IN APAC FOR PUBLIC INFRASTRUCTURE VERTICAL, BY COUNTRY, 2017–2025 (USD MILLION)
                                                TABLE 63 MARKET IN ROW FOR PUBLIC INFRASTRUCTURE VERTICAL, BY REGION, 2017–2025 (USD MILLION)
     10.6 AUTOMOTIVE
          TABLE 64 ADVANTAGES OF USING DIFFERENT NDT AND INSPECTION TECHNOLOGIES IN AUTOMOTIVE VERTICAL
             10.6.1 ADVANCED NDT AND INSPECTION TECHNIQUES ADOPTED IN AUTOMOTIVE VERTICAL
                        10.6.1.1 High-energy digital radiography
                                     10.6.1.1.1 Deployment of high-energy digital radiography for detection of flaws and corrosion in large components of automobiles
                                                TABLE 65 MARKET FOR AUTOMOTIVE VERTICAL, BY TECHNIQUE AND SERVICE, 2017–2025 (USD MILLION)
                                                TABLE 66 NDT AND INSPECTION MARKET FOR AUTOMOTIVE VERTICAL, BY REGION, 2017–2025 (USD MILLION)
                                                TABLE 67 MARKET IN NORTH AMERICA FOR AUTOMOTIVE VERTICAL, BY COUNTRY, 2017–2025 (USD MILLION)
                                                TABLE 68 MARKET IN EUROPE FOR AUTOMOTIVE VERTICAL, BY COUNTRY, 2017–2025 (USD MILLION)
                                                TABLE 69 MARKET IN APAC FOR AUTOMOTIVE VERTICAL, BY COUNTRY, 2017–2025 (USD MILLION)
                                                TABLE 70 MARKET IN ROW FOR AUTOMOTIVE VERTICAL, BY REGION, 2017–2025 (USD MILLION)
     10.7 POWER GENERATION
             10.7.1 NUCLEAR POWER PLANTS
                        10.7.1.1 Surged use of NDT and inspection techniques in nuclear power plants
                                 TABLE 71 APPLICATIONS OF NDT AND INSPECTION TECHNIQUES IN NUCLEAR POWER PLANTS
             10.7.2 WIND TURBINES
                        10.7.2.1 Surged activities for maintenance and inspection of wind turbines
             10.7.3 SOLAR POWER
                        10.7.3.1 Risen use of digital radiography to detect defects accurately and efficiently in solar panels used in solar power plants
             10.7.4 FOSSIL FUEL ENERGY PLANTS
                        10.7.4.1 Increased adoption of radiographic and ultrasonic testing in fossil fuel energy plants
             10.7.5 ADVANCED NDT AND INSPECTION TECHNIQUES USED IN POWER GENERATION VERTICAL
                        10.7.5.1 Galvano static pulse measurement
                                     10.7.5.1.1 Real-time evaluation of corrosion in metal structures of power plants provided by galvano static pulse measurement technique
                        10.7.5.2 Ultrasonic pulse echo testing
                                     10.7.5.2.1 Ultrasonic pulse echo testing detects presence of cracks and porosity in metal or steel structures
                                                TABLE 72 NDT AND INSPECTION MARKET FOR POWER GENERATION VERTICAL, BY TECHNIQUE AND SERVICE, 2017–2025 (USD MILLION)
                                                TABLE 73 MARKET FOR POWER GENERATION VERTICAL, BY REGION, 2017–2025 (USD MILLION)
                                                TABLE 74 MARKET IN NORTH AMERICA FOR POWER GENERATION VERTICAL, BY COUNTRY, 2017–2025 (USD MILLION)
                                                TABLE 75 MARKET IN EUROPE FOR POWER GENERATION VERTICAL, BY COUNTRY, 2017–2025 (USD MILLION)
                                                FIGURE 44 CHINA TO ACCOUNT FOR LARGEST SIZE OF MARKET FOR POWER GENERATION VERTICAL FROM 2020 TO 2025
                                                TABLE 76 MARKET IN APAC FOR POWER GENERATION VERTICAL, BY COUNTRY, 2017–2025 (USD MILLION)
                                                TABLE 77 MARKET IN ROW FOR POWER GENERATION VERTICAL, BY REGION, 2017–2025 (USD MILLION)
     10.8 OTHERS
             10.8.1 MARINE
             10.8.2 MEDICAL AND HEALTH
             10.8.3 PLASTICS AND POLYMERS
                    TABLE 78 MARKET FOR OTHER VERTICALS, BY TECHNIQUE AND SERVICE, 2017–2025 (USD MILLION)
                    TABLE 79 MARKET FOR OTHER VERTICALS, BY REGION, 2017–2025 (USD MILLION)
                    TABLE 80 MARKET IN NORTH AMERICA FOR OTHER VERTICALS, BY COUNTRY, 2017–2025 (USD MILLION)
                    TABLE 81 MARKET IN EUROPE FOR OTHER VERTICALS, BY COUNTRY, 2017–2025 (USD MILLION)
                    TABLE 82 NDT AND INSPECTION MARKET IN APAC FOR OTHER VERTICALS, BY COUNTRY, 2017–2025 (USD MILLION)
                    TABLE 83 NDT AND INSPECTION IN ROW MARKET FOR OTHER VERTICALS, BY REGION, 2017–2025 (USD MILLION)

11 GEOGRAPHIC ANALYSIS (Page No. - 156)
     11.1 INTRODUCTION
          FIGURE 45 INDIA TO BE FASTEST-GROWING MARKET FOR NDT AND INSPECTION FROM 2020 TO 2025
          TABLE 84 MARKET, BY REGION, 2017–2025 (USD MILLION)
     11.2 NORTH AMERICA
          FIGURE 46 SNAPSHOT: NDT AND INSPECTION MARKET IN NORTH AMERICA
          TABLE 85 MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION
             11.2.1 US
                        11.2.1.1 US to hold largest share of market in North America in 2020
             11.2.2 CANADA
                        11.2.2.1 Risen demand for advanced material testing to drive market in Canada
             11.2.3 MEXICO
                        11.2.3.1 NDT and inspection market in Mexico to grow at highest CAGR during forecast period
     11.3 EUROPE
          FIGURE 47 SNAPSHOT: MARKET IN EUROPE
          TABLE 86 MARKET IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION)
             11.3.1 UK
                        11.3.1.1 Increased mining and power generation activities to drive NDT and inspection market
             11.3.2 GERMANY
                        11.3.2.1 Increased demand for NDT and inspection services and equipment from automobile vertical to drive market in Germany
             11.3.3 FRANCE
                        11.3.3.1 Surged adoption of NDT and inspection services and equipment from aerospace vertical
             11.3.4 ITALY
                        11.3.4.1 Increased oil refining capabilities of Italy to drive market
             11.3.5 REST OF EUROPE
     11.4 APAC
          FIGURE 48 SNAPSHOT: NDT AND INSPECTION MARKET IN APAC
          TABLE 87 MARKET IN APAC, BY COUNTRY, 2017–2025 (USD MILLION)
             11.4.1 CHINA
                        11.4.1.1 China to account for largest size of market in APAC
             11.4.2 JAPAN
                        11.4.2.1 Growth of nuclear power generation vertical in Japan to drive NDT and inspection market
             11.4.3 INDIA
                        11.4.3.1 Surged demand for NDT equipment and inspection services from manufacturing industry of India
             11.4.4 REST OF APAC
     11.5 ROW
          FIGURE 49 MIDDLE EAST TO ACCOUNT FOR LARGEST SIZE OF NDT AND INSPECTION MARKET IN ROW FROM 2020 TO 2025
          TABLE 88 MARKET IN ROW, BY REGION, 2017–2025 (USD MILLION)
             11.5.1 SOUTH AMERICA
                        11.5.1.1 Oil and gas and power generation industries to drive demand for NDT equipment and services in South America
             11.5.2 MIDDLE EAST
                        11.5.2.1 Increased investments in infrastructure and oil and gas sectors to drive market in Middle East
             11.5.3 AFRICA
                        11.5.3.1 Growth in power generation vertical to drive market in Africa

12 COMPETITIVE LANDSCAPE (Page No. - 171)
     12.1 INTRODUCTION
          FIGURE 50 LEADING COMPANIES IN NDT AND INSPECTION MARKET MOSTLY ADOPTED ORGANIC GROWTH STRATEGIES FROM 2017 TO 2020
     12.2 KEY PLAYERS IN MARKET
          FIGURE 51 MARKET SHARE ANALYSIS, 2019
          FIGURE 52 MARKET REVENUE ANALYSIS, 2015–2019
          TABLE 89 RATING OF TOP 5 PLAYERS IN MARKET, 2019
     12.3 COMPETITIVE SITUATIONS AND TRENDS
          FIGURE 53 MARKET PLAYERS ADOPTED PRODUCT LAUNCHES AS KEY BUSINESS STRATEGY FROM 2017 TO 2019
             12.3.1 PRODUCT LAUNCHES
                    TABLE 90 PRODUCT LAUNCHES, 2017–2019
             12.3.2 PARTNERSHIPS AND COLLABORATIONS
                    TABLE 91 PARTNERSHIPS AND COLLABORATIONS, 2017–2019
             12.3.3 CONTRACTS AND AGREEMENTS
                    TABLE 92 CONTRACTS AND AGREEMENTS, 2017–2019
             12.3.4 ACQUISITIONS
                    TABLE 93 ACQUISITIONS, 2017–2019
     12.4 COMPETITIVE LEADERSHIP MAPPING
             12.4.1 STAR
             12.4.2 PERVASIVE
             12.4.3 EMERGING LEADERS
             12.4.4 PARTICIPANTS
                    FIGURE 54 NDT AND INSPECTION MARKET (GLOBAL) COMPETITIVE LEADERSHIP MAPPING, 2019
     12.5 STARTUP/SME EVALUATION MATRIX, 2019
             12.5.1 PROGRESSIVE COMPANIES
             12.5.2 RESPONSIVE COMPANIES
             12.5.3 DYNAMIC COMPANIES
             12.5.4 STARTING BLOCKS
                    FIGURE 55 NDT AND INSPECTION MARKET (GLOBAL) STARTUP/SME EVALUATION MATRIX, 2019

13 COMPANY PROFILES (Page No. - 183)
     13.1 KEY PLAYERS
(Business Overview, Products/Services Offered, Recent Developments, Developments Related to COVID-19, and MnM View)*
             13.1.1 GENERAL ELECTRIC
                    FIGURE 56 GENERAL ELECTRIC: COMPANY SNAPSHOT
             13.1.2 MISTRAS GROUP
                    FIGURE 57 MISTRAS GROUP: COMPANY SNAPSHOT
             13.1.3 OLYMPUS CORPORATION
                    FIGURE 58 OLYMPUS CORPORATION: COMPANY SNAPSHOT
             13.1.4 ASHTEAD TECHNOLOGY
             13.1.5 NIKON METROLOGY
             13.1.6 SGS S.A.
                    FIGURE 59 SGS S.A.: COMPANY SNAPSHOT
             13.1.7 MAGNAFLUX CORPORATION
             13.1.8 ZETEC INC.
             13.1.9 EDDYFI
             13.1.10 YXLON INTERNATIONAL GMBH
             13.1.11 SONATEST LTD.
* Business Overview, Products/Services Offered, Recent Developments, Developments Related to COVID-19, and MnM View might not be captured in case of unlisted companies.
     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.
             13.2.11 CARESTREAM
             13.2.12 DEKRA
             13.2.13 INTERTEK
             13.2.14 ELEMENT MATERIALS TECHNOLOGY

14 APPENDIX (Page No. - 226)
     14.1 INSIGHTS OF INDUSTRY EXPERTS
     14.2 DISCUSSION GUIDE
     14.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     14.4 AVAILABLE CUSTOMIZATIONS
     14.5 RELATED REPORTS
     14.6 AUTHOR DETAILS

The study involved four major activities in estimating the current size of the NDT and inspection market. Exhaustive secondary research has been done to collect information about the market, the peer market, and the parent market. Validating findings, assumptions, and sizing with industry experts across the value chain through primary research has been the next step. Both top-down and bottom-up approaches have been employed to estimate the complete market size. After that, market breakdown and data triangulation methods have been used to evaluate segment and subsegment market size.

Secondary Research

In the secondary research process, various secondary sources have been referred to identify and collect information important for this study. Secondary sources include corporate filings (such as annual reports, press releases, investor presentations, and financial statements); trade, business, and professional associations such as the America Society for Nondestructive Testing (ASNT) and British Institute of Non-Destructive Testing (BINDT); white papers, location-based marketing-related journals, certified publications, and articles from recognized authors; directories; and databases. Secondary research has been used to obtain key information about the industry’s supply chain, the market’s monetary chain, the total pool of key players; market segmentation according to industry trends to the bottommost level, geographic markets, and key developments from both market and technology oriented perspectives. The secondary data has been collected and analyzed to arrive at the overall market size, further validated through primary research.

Primary Research

In the primary research process, various primary sources from both supply and demand sides have been interviewed to obtain qualitative and quantitative information for this report. Primary sources from the supply side include CEOs, vice presidents, marketing directors, technology and innovation directors, subject matter experts (SMEs), consultants & related key executives from major companies and organizations operating in the display market. Several primary interviews have been conducted with experts from both demand and supply sides across four major regions: North America, Europe, APAC, and RoW (Middle East, South America, and Africa). Approximately 25% of the primary interviews have been conducted with the demand side and 75% with the supply side. This primary data has been collected through questionnaires, e-mails, and telephonic interviews. Following is the breakdown of primary respondents.

Non-Destructive Testing Services Market Size, and Share

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Market Size Estimation

In the complete market engineering process, both top-down and bottom-up approaches have been used, along with several data triangulation methods to perform market estimation and forecasting for the overall market segments and subsegments listed in this report. Extensive qualitative and quantitative analyses have been performed on the complete market engineering process to list key information/insights. The research methodology used to estimate the market size includes the following:

  • Key players in major applications and markets have been identified through extensive secondary research.
  • In terms of value, the industry’s supply chain and market size have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size from the market size estimation process explained above, the total market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments, the market breakdown and data triangulation procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both demand-and supply-side. Along with this, the market has been validated using both top-down and bottom-up approaches.

Non-Destructive Testing Services Market Size, and Share

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Report Objectives

  • To describe and forecast the non-destructive testing (NDT) and inspection market by technique (in terms of value and volume) and by method, service, vertical, and geography (in terms of value)
  • To provide detailed information regarding the drivers, restraints, opportunities, and challenges pertaining to the NDT and inspection market
  • To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the total market
  • To analyze opportunities in the market for stakeholders by identifying high-growth segments in the NDT and inspection market
  • To strategically profile key players and comprehensively analyze their market ranking in terms of revenue and core competencies2
  • To provide a detailed overview of the NDT and inspection value chain
  • To analyze strategic developments such as joint ventures, agreements, mergers and acquisitions, product launches and developments, partnerships, and collaborations in the NDT and inspection market

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:

Product Analysis

  • Product matrix that gives a detailed comparison of the product portfolio of each company

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)
COVID-19

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