Ultrasonic Testing Market by Phased Array, Time-of-flight Diffraction, Immersion Testing, Guided Wave Testing, Acoustography, Flaw Detectors, Thickness Gauges, Transducers & Probes, Inspection Services and Calibration Services - Global Forecast to 2029

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USD 4.60 BN
MARKET SIZE, 2029
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CAGR 9.5%
(2024-2029)
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269
REPORT PAGES
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229
MARKET TABLES

OVERVIEW

ultrasonic-testing-market Overview

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

The ultrasonic testing market is expected to reach USD 4.60 billion by 2029 from USD 2.92 billion in 2024, at a CAGR of 9.5%. The ultrasonic testing market is witnessing steady growth, driven by increasing demand for non-destructive testing solutions across critical industries such as oil & gas, power generation, aerospace, manufacturing, and infrastructure. Ultrasonic testing enables accurate detection of internal flaws, corrosion, and material thickness without damaging components, making it essential for ensuring safety, quality, and regulatory compliance. Advancements in phased array ultrasonic testing (PAUT), time-of-flight diffraction (TOFD), and automated inspection systems are enhancing inspection speed, accuracy, and data reliability. The integration of digital signal processing, automation, and predictive maintenance practices is further expanding the adoption of ultrasonic testing equipment for both in-service inspection and quality assurance applications.

KEY TAKEAWAYS

  • By Region
    The North America ultrasonic testing market accounted for a 35.3% revenue share in 2023.
  • By Equipment
    By equipment, the flaw detectors segment dominates the market by holding 22.3% market share in 2023
  • By Service
    By services, the training segment is expected to register the highest CAGR of 14.4%.
  • By Type
    By type, the phased array segment is expected to dominate the market.
  • By Vertical
    By vertical, the power generation segment will grow the fastest during the forecast period.
  • Competitive Landscape
    Baker Hughes Company, SGS SA, and Intertek Group plc were identified as some of the star players in the ultrasonic testing market (global), given their strong market share and product footprint.
  • Competitive Landscape
    Amerapex Corporation, SONOTEC GmbH, and Acoustic Control Systems, among others, have distinguished themselves among startups and SMEs by securing strong footholds in specialized niche areas, underscoring their potential as emerging market leaders

The integration of AR technology with advanced vehicles provides a transformative enhancement to the driving experience. The growing demand for advanced driver assistance systems (ADAS) and advanced navigation is becoming an important feature to provide drivers with real-time location and hand-free guidance with the help of head-up displays (HUD) that enhance safety and convenience. The increasing demand for autonomous and connected vehicles drives the market as augmented reality navigation integrates into these advanced systems, which leads to enhanced solutions and reduced distractions.AR HUD is one of the biggest applications of AR navigation in automotive. AR HUD projects virtual images, direction signs, and text to the user and also provides location updates and spontaneous interaction with physical/real-life objects as an extension of the real world; this helps to boost the driver’s awareness.

TRENDS & DISRUPTIONS IMPACTING CUSTOMERS' CUSTOMERS

The ultrasonic testing market is evolving as customers shift from conventional inspection methods to advanced technologies such as phased array ultrasonic testing (PAUT), TOFD, and automated systems. Increasing adoption of digitalization, AI, robotics, and IoT is enabling predictive maintenance and data-driven inspection models. Rising safety regulations and aging industrial infrastructure are further accelerating demand for high-precision ultrasonic testing solutions. As a result, customer spending is gradually moving toward higher-value, automated, and advanced UT technologies across key end-use industries.

ultrasonic-testing-market Disruptions

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

MARKET DYNAMICS

Drivers
Impact
Level
  • Stringent government regulations and industry standards
  • Growing adoption of portable phased array ultrasonic testing equipment
RESTRAINTS
Impact
Level
  • Challenges of manual ultrasonic testing in the early stages of damage detection
  • Complex nature of the technology
OPPORTUNITIES
Impact
Level
  • Growing emphasis on predictive maintenance
  • Opportunities for ultrasonic testing in the expanding renewable energy sector
CHALLENGES
Impact
Level
  • Limited availability of skilled technicians
  • High maintenance cost and downtime of equipment

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

Driver: Stringent government regulations and industry standards

Stringent government regulations and industry standards play a pivotal role in driving the growth of the ultrasonic testing market. As industries increasingly prioritize safety and quality, regulatory bodies have implemented rigorous standards to ensure that products meet specific safety criteria, particularly in aerospace, automotive, and oil and gas sectors.

Restraint: Challenges of manual ultrasonic testing in the early stages of damage detection

Manual ultrasonic testing (UT) presents notable limitations when identifying early stages of damage in materials, particularly in piping systems. While it is one of the most straightforward methods for assessing metal loss through ultrasonic wall thickness measurements on external surfaces, this approach relies heavily on the technician's skill and can be labor-intensive.

Opportunity: Growing emphasis on predictive maintenance

The growing emphasis on predictive maintenance is emerging as a significant opportunity for the ultrasonic testing (UT) market, driven by the increasing need for industries to enhance operational efficiency and minimize downtime.

Challenge: Limited availability of skilled technicians

A significant shortage of skilled personnel currently restrains the ultrasonic testing market. The effective operation of ultrasonic testing equipment requires technicians proficient in handling sophisticated machinery and adept at data analysis and interpretation

ULTRASONIC TESTING MARKET SIZE, SHARE AND TRENDS: COMMERCIAL USE CASES ACROSS INDUSTRIES

COMPANY USE CASE DESCRIPTION BENEFITS
Provides advanced ultrasonic testing solutions for power generation, oil & gas, and aerospace applications, including weld inspection, corrosion mapping, and turbine component evaluation. Improved asset reliability, early defect detection, reduced unplanned downtime, and enhanced operational safety.
Develops portable and phased array ultrasonic testing systems used in manufacturing, aerospace, and infrastructure inspection for flaw detection and thickness measurement. High inspection accuracy, faster testing cycles, reduced inspection costs, and improved compliance with quality standards.
Offers automated ultrasonic testing systems for nuclear power plants and industrial facilities to inspect critical components such as reactor vessels and pipelines. Increased inspection precision, enhanced safety in high-risk environments, and extended lifecycle of critical assets.
Supplies ultrasonic flaw detectors and thickness gauges for oil & gas, automotive, and general manufacturing quality assurance. Reliable non-destructive evaluation, reduced material wastage, and improved production quality control.
Provides ultrasonic testing equipment for steel, railways, and heavy engineering industries, including rail track and axle inspection systems. Enhanced transportation safety, early crack detection, and optimized maintenance planning.

Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.

MARKET ECOSYSTEM

The ultrasonic testing market ecosystem consists of equipment manufacturers, inspection and certification service providers, and end-use industry customers. Equipment manufacturers develop ultrasonic flaw detectors, probes, and advanced systems such as phased array and automated UT solutions. Service providers deliver inspection, testing, and compliance services across industrial assets, ensuring safety and regulatory adherence. End users across automotive, oil & gas, power generation, aerospace, and manufacturing rely on these solutions to maintain asset integrity, optimize maintenance, and reduce operational risks.

ultrasonic-testing-market Ecosystem

Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.

MARKET SEGMENTS

ultrasonic-testing-market Segments

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

Ultrasonic Testing Market, By Equipment

Tube inspection systems are projected to grow at the highest CAGR during the forecast period due to rising inspection requirements in oil & gas, power generation, petrochemical, and heat exchanger applications. These systems enable accurate detection of internal corrosion, cracks, and wall thinning in tubes and pipes. Increasing focus on preventive maintenance, aging infrastructure, and plant safety is accelerating adoption of advanced ultrasonic tube inspection solutions.

Ultrasonic Testing Market, By Service

Inspection services dominated the ultrasonic testing market in 2023, driven by strong demand for outsourced non-destructive testing across critical industries. Asset owners increasingly rely on specialized service providers to ensure regulatory compliance, safety assurance, and in-service asset integrity. The complexity of inspections, need for certified technicians, and growing preference for cost-effective third-party testing continue to support the dominance of inspection services.

Ultrasonic Testing Market, By Type

Phased array ultrasonic testing dominated the market in 2023 due to its superior inspection accuracy, faster scanning capability, and ability to detect complex flaws. PAUT enables multi-angle beam steering and advanced imaging, making it highly effective for weld inspection and critical component evaluation. Its widespread adoption across oil & gas, power generation, and aerospace industries continues to support its market leadership.

Ultrasonic Testing Market, By Vertical

The oil & gas vertical accounted for the largest share of the ultrasonic testing market in 2023, driven by stringent safety regulations and the need for continuous asset integrity monitoring. Ultrasonic testing is extensively used for pipeline inspection, corrosion detection, and weld quality assessment across upstream, midstream, and downstream operations. Aging infrastructure and high-risk operating environments further reinforce the dominance of this vertical.

REGION

Asia Pacific projected to grow at the highest CAGR during the forecast period

Asia Pacific is projected to hold the largest market share of the ultrasonic testing market during the forecast period, supported by rapid industrialization, expanding manufacturing activities, and large-scale infrastructure development. Rising investments in oil & gas, power generation, automotive, and construction across China, India, and Southeast Asia are driving strong demand for ultrasonic testing solutions. Additionally, increasing focus on industrial safety standards and asset integrity management is accelerating market adoption across the region.

ultrasonic-testing-market Region

ULTRASONIC TESTING MARKET SIZE, SHARE AND TRENDS: COMPANY EVALUATION MATRIX

In the AR navigation market matrix, Google (Star) leads with a dominant market presence and an extensive technology ecosystem, driven by its advanced ARCore platform, visual positioning system (VPS), and large-scale deployments across consumer and mobility applications. Its broad portfolio, global mapping infrastructure, and continuous innovation in spatial computing and AI-based environment understanding firmly position it at the top of the market. ViewAR GmbH (Emerging Leader) is gaining traction with its versatile AR navigation framework, increasing adoption across indoor navigation, retail environments, and enterprise workflows. While Google maintains its leadership through scale and technological depth, ViewAR shows significant potential to advance toward the leaders’ quadrant as demand for precise, customizable, and real-time AR navigation solutions accelerates.

ultrasonic-testing-market Evaluation Metrics

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

KEY MARKET PLAYERS

MARKET SCOPE

REPORT METRIC DETAILS
Market Size in 2024 (Value) USD 2.92 Billion
Market Forecast in 2029 (Value) USD 4.60 Billion
Growth Rate CAGR of 9.5% from 2024-2029
Years Considered 2020-2029
Base Year 2023
Forecast Period 2024-2029
Units Considered Value (USD Million), Volume (Thousand Units)
Report Coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments Covered
  • By Equipment:
    • Flaw Detectors
    • Thickness Gauges
    • Transducers & Probes
    • Industrial Scanners
    • Tube Inspection Systems
    • Bond Testers
    • Imaging Systems
    • Others
  • Service Type:
    • Inspection Services
    • Equipment Rental Services
    • Calibration Services
    • Training Services
  • Type:
    • Phased Array
    • Time-of-flight Diffraction
    • Immersion Testing
    • Guided Wave Testing
    • Acoustography
    • Others
  • Vertical:
    • Manufacturing
    • Oil & Gas
    • Aerospace
    • Government & Infrastructure
    • Automotive
    • Power Generation
    • Marine
    • Others
Regions Covered North America, Europe, Asia Pacific, and RoW

WHAT IS IN IT FOR YOU: ULTRASONIC TESTING MARKET SIZE, SHARE AND TRENDS REPORT CONTENT GUIDE

ultrasonic-testing-market Content Guide

DELIVERED CUSTOMIZATIONS

We have successfully delivered the following deep-dive customizations:

CLIENT REQUEST CUSTOMIZATION DELIVERED VALUE ADDS
Oil & Gas Operator (Upstream, Midstream, Downstream)
  • Asset-wise UT technology benchmarking (PAUT, TOFD, conventional UT)
  • Inspection coverage and defect detection capability assessment for pipelines, pressure vessels, and welds
  • Vendor and service provider comparison by region
  • Improve asset integrity and regulatory compliance
  • Reduce unplanned shutdowns and inspection downtime
  • Optimize inspection costs through technology selection
Power Generation Utility (Thermal, Nuclear, Renewables)
  • Component-level UT application analysis for turbines, boilers, heat exchangers, and nuclear components
  • Lifecycle-based inspection planning
  • Compliance mapping with ASME, ISO, and nuclear codes
  • Extend equipment life and reduce failure risks
  • Improve plant availability and safety margins
  • Support long-term maintenance and replacement planning
Aerospace & Defense OEM / MRO
  • Advanced UT technology assessment (phased array, immersion UT, automated UT) for composites and critical metal structures
  • Certification and standards mapping (NADCAP, ASTM)
  • Competitive landscape of aerospace-grade UT solutions
  • Enhance defect detection in safety-critical components
  • Reduce inspection cycle time in MRO operations
  • Support qualification and certification readiness
Automotive OEM & Tier-1 Supplier
  • In-line and automated UT feasibility assessment for high-volume production
  • Benchmarking of UT vs alternative NDT methods
  • Cost–performance trade-off analysis
  • Enable early defect detection in mass production
  • Improve product quality and reduce recalls
  • Support automation and Industry 4.0 initiatives
Infrastructure & Construction Authority
  • UT application mapping for bridges, railways, concrete structures, and steel frameworks
  • Inspection prioritization model based on asset criticality
  • Regional standards and regulatory assessment
  • Improve structural safety and public asset reliability
  • Enable preventive maintenance planning
  • Support long-term infrastructure lifecycle management

RECENT DEVELOPMENTS

  • October 2024 : Element Materials Technology, a global provider of testing, inspection, and certification (TIC) services for highly regulated industries, has expanded its aerospace, space, defense, and energy capabilities by acquiring ISS Inspection Services. ISS provides non-destructive testing (NDT), inspection, and process services that support these growing industries.
  • June 2024 : The 39DL PLUS, ultrasonic thickness gauge, enhances efficiency and connectivity within the nondestructive testing sector. It features rapid scanning speeds and integrated wireless capabilities in a durable handheld design. Building on its predecessor's established performance and versatility, this gauge facilitates a digital inspection workflow, streamlining the process for inspectors engaged in precision and corrosion thickness assessments.
  • April 2024 : Baker Hughes Company has introduced the Waygate Technologies ultrasonic precision thickness gauge Krautkrämer CL Go+. This inspection tool is designed for components used in the automotive and aerospace industries, effectively measuring cast and stamped metal components made from aluminum, steel, copper, and bronze. It is also suitable for machined workpieces, tubes, chemically milled components, metal plates, plastics, composites, and glass. Furthermore, it can be upgraded as a 3-in-1 platform, corrosion thickness gauge, flaw detector, or both.
  • February 2024 : For over a decade, the PipeWIZARD iX automated ultrasonic testing (AUT) system, a widely used solution for girth weld inspections, has been optimized to enhance pipeline weld joint assessments. Building on the durability and reliability of its previous version, the redesigned PipeWIZARD iX system improves ease of use and adaptability. It also features upgraded data acquisition technology, enhancing the efficiency and reliability of phased array (PA) inspections for circumferential pipeline welds.

 

Table of Contents

Exclusive indicates content/data unique to MarketsandMarkets and not available with any competitors.

TITLE
PAGE NO
1
INTRODUCTION
 
 
 
 
 
24
2
RESEARCH METHODOLOGY
 
 
 
 
 
28
3
EXECUTIVE SUMMARY
 
 
 
 
 
42
4
PREMIUM INSIGHTS
 
 
 
 
 
48
5
MARKET OVERVIEW
Ultrasonic testing market thrives on healthcare adoption and infrastructure investment amid skilled labor shortages.
 
 
 
 
 
51
 
5.1
INTRODUCTION
 
 
 
 
 
 
5.2
MARKET DYNAMICS
 
 
 
 
 
 
 
5.2.1
DRIVERS
 
 
 
 
 
 
 
5.2.1.1
STRINGENT GOVERNMENT REGULATIONS AND INDUSTRY STANDARDS
 
 
 
 
 
 
5.2.1.2
INCREASING ADOPTION OF ULTRASONIC TESTING IN HEALTHCARE
 
 
 
 
 
 
5.2.1.3
GROWING ADOPTION OF PORTABLE PHASED ARRAY ULTRASONIC TESTING EQUIPMENT
 
 
 
 
 
 
5.2.1.4
GROWING OFFSHORE OIL AND GAS EXPLORATION
 
 
 
 
 
 
5.2.1.5
RISING INVESTMENTS IN INFRASTRUCTURE DEVELOPMENT
 
 
 
 
 
5.2.2
RESTRAINTS
 
 
 
 
 
 
 
5.2.2.1
MANUAL ULTRASONIC TESTING LIMITATIONS IN EARLY STAGES OF DAMAGE DETECTION
 
 
 
 
 
 
5.2.2.2
COMPLEX NATURE OF ULTRASONIC TESTING TECHNOLOGY
 
 
 
 
 
5.2.3
OPPORTUNITIES
 
 
 
 
 
 
 
5.2.3.1
GROWING EMPHASIS ON PREDICTIVE MAINTENANCE
 
 
 
 
 
 
5.2.3.2
RISING NUMBER OF RENEWABLE ENERGY PROJECTS
 
 
 
 
 
5.2.4
CHALLENGES
 
 
 
 
 
 
 
5.2.4.1
LIMITED AVAILABILITY OF SKILLED TECHNICIANS
 
 
 
 
 
 
5.2.4.2
HIGH MAINTENANCE COST AND DOWNTIME OF EQUIPMENT
 
 
 
 
5.3
PORTER'S FIVE FORCES ANALYSIS
 
 
 
 
 
 
 
5.3.1
INTENSITY OF COMPETITIVE RIVALRY
 
 
 
 
 
 
5.3.2
THREAT OF NEW ENTRANTS
 
 
 
 
 
 
5.3.3
THREAT OF SUBSTITUTES
 
 
 
 
 
 
5.3.4
BARGAINING POWER OF BUYERS
 
 
 
 
 
 
5.3.5
BARGAINING POWER OF SUPPLIERS
 
 
 
 
 
5.4
VALUE CHAIN ANALYSIS
 
 
 
 
 
 
 
 
5.4.1
RAW MATERIAL PROVIDERS
 
 
 
 
 
 
5.4.2
COMPONENT SUPPLIERS
 
 
 
 
 
 
5.4.3
EQUIPMENT DESIGNERS AND MANUFACTURERS
 
 
 
 
 
 
5.4.4
SALES EXECUTIVES AND DISTRIBUTORS
 
 
 
 
 
 
5.4.5
SERVICE PROVIDERS
 
 
 
 
 
 
5.4.6
VERTICALS
 
 
 
 
 
5.5
TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
 
 
 
 
 
 
5.6
ECOSYSTEM ANALYSIS
 
 
 
 
 
 
 
5.7
TECHNOLOGY ANALYSIS
 
 
 
 
 
 
 
5.7.1
KEY TECHNOLOGIES
 
 
 
 
 
 
 
5.7.1.1
FULL MATRIX CAPTURE (FMC) AND TOTAL FOCUSING METHOD (TFM)
 
 
 
 
 
 
5.7.1.2
ELECTROMAGNETIC ACOUSTIC TRANSDUCER (EMAT)
 
 
 
 
 
5.7.2
COMPLEMENTARY TECHNOLOGIES
 
 
 
 
 
 
 
5.7.2.1
GUIDED WAVE ULTRASONIC TESTING (GWUT)
 
 
 
 
 
5.7.3
ADJACENT TECHNOLOGIES
 
 
 
 
 
 
 
5.7.3.1
DYNAMIC INTERFEROMETER
 
 
 
 
5.8
INVESTMENT AND FUNDING SCENARIO
 
 
 
 
 
 
5.9
PRICING ANALYSIS
 
 
 
 
 
 
 
 
5.9.1
AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY EQUIPMENT
 
 
 
 
 
 
5.9.2
AVERAGE SELLING PRICE TREND, BY REGION
 
 
 
 
 
5.10
CASE STUDY ANALYSIS
 
 
 
 
 
 
 
5.10.1
GUIDED ULTRASONICS LTD. ADDRESSES CORROSION UNDER PIPE SUPPORT IN OIL & GAS INDUSTRY
 
 
 
 
 
 
5.10.2
ULTRASONIC INSPECTION OF FLARE STACK USING ROPE ACCESS ENGINEERING BY SUTRO GROUP
 
 
 
 
 
 
5.10.3
OPTIMIZING HEAT EXCHANGER WELD INSPECTIONS WITH COBRA PHASED ARRAY ULTRASONIC TESTING (PAUT) SOLUTION BY EVIDENT
 
 
 
 
 
5.11
PATENT ANALYSIS
 
 
 
 
 
 
 
5.12
TRADE ANALYSIS
 
 
 
 
 
 
 
 
5.12.1
IMPORT SCENARIO (HS CODE 9031)
 
 
 
 
 
 
5.12.2
EXPORT SCENARIO (HS CODE 9031)
 
 
 
 
 
5.13
KEY STAKEHOLDERS AND BUYING CRITERIA
 
 
 
 
 
 
 
 
5.13.1
KEY STAKEHOLDERS IN BUYING PROCESS
 
 
 
 
 
 
5.13.2
BUYING CRITERIA
 
 
 
 
 
5.14
TARIFF AND REGULATORY LANDSCAPE
 
 
 
 
 
 
 
 
5.14.1
TARIFF ANALYSIS
 
 
 
 
 
 
5.14.2
REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
 
 
 
 
 
5.15
KEY CONFERENCES AND EVENTS, 2024–2025
 
 
 
 
 
 
5.16
IMPACT OF GENERATIVE AI/AI ON ULTRASONIC TESTING MARKET
 
 
 
 
 
 
 
5.16.1
INTRODUCTION
 
 
 
 
6
ULTRASONIC TESTING MARKET, BY EQUIPMENT
Market Size & Growth Rate Forecast Analysis to 2029 in USD Million and Units | 40 Data Tables
 
 
 
 
 
86
 
6.1
INTRODUCTION
 
 
 
 
 
 
6.2
FLAW DETECTORS
 
 
 
 
 
 
 
6.2.1
ABILITY OF FLAW DETECTORS TO IDENTIFY DISCONTINUITIES TO DRIVE THEIR ADOPTION
 
 
 
 
 
6.3
THICKNESS GAUGES
 
 
 
 
 
 
 
6.3.1
HIGH PRECISION OF ULTRASONIC THICKNESS GAUGES TO DRIVE THEIR USE IN OIL & GAS INDUSTRY
 
 
 
 
 
6.4
TRANSDUCERS & PROBES
 
 
 
 
 
 
 
6.4.1
ROBUST INSPECTION CAPABILITIES OF TRANSDUCERS AND PROBES TO PROPEL THEIR ADOPTION
 
 
 
 
 
6.5
INDUSTRIAL SCANNERS
 
 
 
 
 
 
 
6.5.1
FOCUS ON ENHANCED QUALITY AND PRECISION IN TESTING RESULTS TO BOOST ADOPTION OF INDUSTRIAL SCANNERS
 
 
 
 
 
6.6
TUBE INSPECTION SYSTEMS
 
 
 
 
 
 
 
6.6.1
NEED FOR HIGH-PRECISION DETECTION OF CORROSION AND CRACKS TO FUEL ADOPTION OF TUBE INSPECTION SYSTEMS IN POWER SECTOR
 
 
 
 
 
6.7
BOND TESTERS
 
 
 
 
 
 
 
6.7.1
EFFECTIVENESS OF BOND TESTERS IN VERIFYING INTEGRITY OF ADHESIVELY BONDED JOINTS TO FUEL THEIR ADOPTION IN OIL & GAS AND AEROSPACE INDUSTRIES
 
 
 
 
 
6.8
IMAGING SYSTEMS
 
 
 
 
 
 
 
6.8.1
IMAGING SYSTEMS ENABLE IDENTIFICATION OF INTERNAL FLAWS WITHOUT CAUSING DAMAGE
 
 
 
 
 
6.9
OTHERS
 
 
 
 
 
7
ULTRASONIC TESTING MARKET, BY SERVICE
Market Size & Growth Rate Forecast Analysis to 2029 in USD Million | 30 Data Tables
 
 
 
 
 
109
 
7.1
INTRODUCTION
 
 
 
 
 
 
7.2
INSPECTION SERVICES
 
 
 
 
 
 
 
7.2.1
NEED FOR IMPROVED ACCURACY, EFFICIENCY, QUICK INSPECTION TIMES, AND REDUCED COSTS TO DRIVE MARKET
 
 
 
 
 
7.3
EQUIPMENT RENTAL SERVICES
 
 
 
 
 
 
 
7.3.1
DEMAND FOR COST-EFFECTIVE WAY TO ACCESS SPECIALIZED TESTING TOOLS TO DRIVE MARKET
 
 
 
 
 
7.4
CALIBRATION SERVICES
 
 
 
 
 
 
 
7.4.1
EMPHASIS ON ENHANCED MEASUREMENT ACCURACY AND REDUCED TESTING EQUIPMENT UNCERTAINTIES TO DRIVE SEGMENTAL GROWTH
 
 
 
 
 
7.5
TRAINING SERVICES
 
 
 
 
 
 
 
7.5.1
WIDE COVERAGE OF ULTRASONIC TESTING ACROSS INDUSTRIES TO FUEL DEMAND
 
 
 
 
8
ULTRASONIC TESTING MARKET, BY TYPE
Market Size & Growth Rate Forecast Analysis to 2029 in USD Million | 2 Data Tables
 
 
 
 
 
125
 
8.1
INTRODUCTION
 
 
 
 
 
 
8.2
PHASED ARRAY
 
 
 
 
 
 
 
8.2.1
NEED FOR ENHANCED ACCURACY AND QUICK AND EFFICIENT INSPECTION TO DRIVE MARKET
 
 
 
 
 
8.3
TIME-OF-FLIGHT DIFFRACTION
 
 
 
 
 
 
 
8.3.1
OFFERS ACCURATE DETECTION OF CRACKS AND FUSION DEFICIENCIES
 
 
 
 
 
8.4
IMMERSION TESTING
 
 
 
 
 
 
 
8.4.1
OFFERS ENHANCED DETECTION OF INTERNAL AND SURFACE FLAWS
 
 
 
 
 
8.5
GUIDED WAVE TESTING
 
 
 
 
 
 
 
8.5.1
LONG-RANGE INSPECTION AND MONITORING CAPABILITIES OF GUIDED WAVE TESTING TO DRIVE MARKET
 
 
 
 
 
8.6
ACOUSTOGRAPHY
 
 
 
 
 
 
 
8.6.1
SUITABILITY OF ACOUSTOGRAPHY FOR SINGLE-SIDE INSPECTION WITHOUT REQUIRING IMMERSION TANK TO DRIVE MARKET
 
 
 
 
 
8.7
OTHER TYPES
 
 
 
 
 
9
ULTRASONIC TESTING MARKET, BY VERTICAL
Market Size & Growth Rate Forecast Analysis to 2029 in USD Million | 50 Data Tables
 
 
 
 
 
130
 
9.1
INTRODUCTION
 
 
 
 
 
 
9.2
MANUFACTURING
 
 
 
 
 
 
 
9.2.1
NEED FOR RIGOROUS QUALITY STANDARDS TO ENSURE PRODUCT RELIABILITY AND SAFETY TO BOOST MARKET
 
 
 
 
 
9.3
OIL & GAS
 
 
 
 
 
 
 
9.3.1
STRINGENT REGULATIONS TO PREVENT LEAKS AND SPILLS TO BOOST ADOPTION OF ULTRASONIC TESTING SERVICES
 
 
 
 
 
9.4
AEROSPACE
 
 
 
 
 
 
 
9.4.1
EXTENSIVE USE OF COMPOSITE MATERIALS TO FUEL NEED FOR ULTRASONIC TESTING SERVICES
 
 
 
 
 
9.5
GOVERNMENT & INFRASTRUCTURE
 
 
 
 
 
 
 
9.5.1
EMPHASIS ON MAINTAINING INFRASTRUCTURAL INTEGRITY TO PROPEL DEMAND FOR ULTRASONIC TESTING SERVICES
 
 
 
 
 
9.6
AUTOMOTIVE
 
 
 
 
 
 
 
9.6.1
RISING DEMAND FOR SAFETY AND QUALITY ASSURANCE TO BOOST GROWTH
 
 
 
 
 
9.7
POWER GENERATION
 
 
 
 
 
 
 
9.7.1
STRINGENT SAFETY AND REGULATORY REQUIREMENTS TO ENCOURAGE USE OF ULTRASONIC TESTING SERVICES
 
 
 
 
 
9.8
MARINE
 
 
 
 
 
 
 
9.8.1
AGING GLOBAL FLEET AND INCREASED MAINTENANCE NEEDS TO DRIVE MARKET
 
 
 
 
 
9.9
OTHER VERTICALS
 
 
 
 
 
10
ULTRASONIC TESTING MARKET, BY REGION
Comprehensive coverage of 11 Regions with country-level deep-dive of 11 Countries | 38 Data Tables.
 
 
 
 
 
158
 
10.1
INTRODUCTION
 
 
 
 
 
 
10.2
NORTH AMERICA
 
 
 
 
 
 
 
10.2.1
NORTH AMERICA: MACROECONOMIC OUTLOOK
 
 
 
 
 
 
10.2.2
US
 
 
 
 
 
 
 
10.2.2.1
INCREASING ADOPTION OF ULTRASONIC TESTING SERVICES IN AUTOMOTIVE AND AEROSPACE INDUSTRIES TO BOOST GROWTH
 
 
 
 
 
10.2.3
CANADA
 
 
 
 
 
 
 
10.2.3.1
SIGNIFICANT GROWTH IN AGING INFRASTRUCTURE NEEDING INSPECTION AND MAINTENANCE TO BOOST MARKET
 
 
 
 
 
10.2.4
MEXICO
 
 
 
 
 
 
 
10.2.4.1
NEED FOR ADHERENCE TO DOMESTIC AND INTERNATIONAL SAFETY STANDARDS TO PROPEL MARKET
 
 
 
 
10.3
EUROPE
 
 
 
 
 
 
 
10.3.1
EUROPE: MACROECONOMIC OUTLOOK
 
 
 
 
 
 
10.3.2
GERMANY
 
 
 
 
 
 
 
10.3.2.1
GROWING AUTOMOTIVE AND AEROSPACE INDUSTRIES TO FUEL DEMAND FOR ULTRASONIC TESTING SERVICES
 
 
 
 
 
10.3.3
UK
 
 
 
 
 
 
 
10.3.3.1
SIGNIFICANT GROWTH IN AGING INFRASTRUCTURE TO DRIVE DEMAND FOR ULTRASONIC TESTING SERVICES
 
 
 
 
 
10.3.4
FRANCE
 
 
 
 
 
 
 
10.3.4.1
GROWING EMPHASIS ON SAFETY AND DURABILITY OF INFRASTRUCTURE TO BOOST MARKET
 
 
 
 
 
10.3.5
ITALY
 
 
 
 
 
 
 
10.3.5.1
BOOMING AEROSPACE & DEFENSE SECTOR TO PROPEL NEED FOR ADVANCED ULTRASONIC TESTING SERVICES
 
 
 
 
 
10.3.6
REST OF EUROPE
 
 
 
 
 
10.4
ASIA PACIFIC
 
 
 
 
 
 
 
10.4.1
ASIA PACIFIC: MACROECONOMIC OUTLOOK
 
 
 
 
 
 
10.4.2
CHINA
 
 
 
 
 
 
 
10.4.2.1
CHINA’S ENERGY SECTOR USES ULTRASONIC TESTING SERVICES TO MAINTAIN SAFETY AND OPERATIONAL STANDARDS
 
 
 
 
 
10.4.3
JAPAN
 
 
 
 
 
 
 
10.4.3.1
NEED FOR FREQUENT INSPECTION OF BRIDGES, TUNNELS, AND DAMS FOR SAFETY AND LONGEVITY TO BOOST GROWTH
 
 
 
 
 
10.4.4
INDIA
 
 
 
 
 
 
 
10.4.4.1
INCREASING SAFETY REGULATIONS AND QUALITY CONTROL MEASURES ACROSS INDUSTRIES TO BOOST DEMAND
 
 
 
 
 
10.4.5
REST OF ASIA PACIFIC
 
 
 
 
 
10.5
REST OF THE WORLD (ROW)
 
 
 
 
 
 
 
10.5.1
ROW: MACROECONOMIC OUTLOOK
 
 
 
 
 
 
10.5.2
SOUTH AMERICA
 
 
 
 
 
 
 
10.5.2.1
BRAZIL
 
 
 
 
 
 
 
 
10.5.2.1.1
EMPHASIS ON PREVENTIVE MAINTENANCE AND INSPECTION STRATEGIES IN INDUSTRIES LIKE MANUFACTURING AND CONSTRUCTION TO DRIVE MARKET
 
 
 
 
10.5.2.2
REST OF SOUTH AMERICA
 
 
 
 
 
10.5.3
MIDDLE EAST & AFRICA
 
 
 
 
 
 
 
10.5.3.1
GCC
 
 
 
 
 
 
 
 
10.5.3.1.1
FOCUS ON NECESSITATING RIGOROUS INSPECTION AND MAINTENANCE OF PIPELINES, RIGS, AND REFINERIES TO BOOST DEMAND
 
 
 
 
10.5.3.2
REST OF MIDDLE EAST & AFRICA
 
 
 
11
COMPETITIVE LANDSCAPE
Identify emerging leaders and strategies shaping market dominance through 2023's competitive landscape analysis.
 
 
 
 
 
192
 
11.1
OVERVIEW
 
 
 
 
 
 
11.2
KEY PLAYER STRATEGIES/RIGHT TO WIN, MAY 2021–OCTOBER 2024
 
 
 
 
 
 
11.3
REVENUE ANALYSIS, 2021–2023
 
 
 
 
 
 
 
11.4
MARKET SHARE ANALYSIS, 2023
 
 
 
 
 
 
 
11.5
COMPANY VALUATION AND FINANCIAL METRICS
 
 
 
 
 
 
11.6
PRODUCT/BRAND COMPARISON
 
 
 
 
 
 
 
11.7
COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
 
 
 
 
 
 
 
 
11.7.1
STARS
 
 
 
 
 
 
11.7.2
EMERGING LEADERS
 
 
 
 
 
 
11.7.3
PERVASIVE PLAYERS
 
 
 
 
 
 
11.7.4
PARTICIPANTS
 
 
 
 
 
 
11.7.5
COMPANY FOOTPRINT: KEY PLAYERS, 2023
 
 
 
 
 
 
 
11.7.5.1
COMPANY FOOTPRINT
 
 
 
 
 
 
11.7.5.2
COMPANY FOOTPRINT: KEY PLAYERS, 2023
 
 
 
 
 
 
11.7.5.3
REGION FOOTPRINT
 
 
 
 
 
 
11.7.5.4
TYPE FOOTPRINT
 
 
 
 
 
 
11.7.5.5
EQUIPMENT FOOTPRINT
 
 
 
 
 
 
11.7.5.6
SERVICE FOOTPRINT
 
 
 
 
 
 
11.7.5.7
VERTICAL FOOTPRINT
 
 
 
 
11.8
COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
 
 
 
 
 
 
 
 
11.8.1
PROGRESSIVE COMPANIES
 
 
 
 
 
 
11.8.2
RESPONSIVE COMPANIES
 
 
 
 
 
 
11.8.3
DYNAMIC COMPANIES
 
 
 
 
 
 
11.8.4
STARTING BLOCKS
 
 
 
 
 
 
11.8.5
COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023
 
 
 
 
 
 
 
11.8.5.1
LIST OF STARTUPS/SMES
 
 
 
 
 
 
11.8.5.2
COMPETITIVE BENCHMARKING OF STARTUPS/SMES
 
 
 
 
11.9
COMPETITIVE SCENARIO
 
 
 
 
 
 
 
11.9.1
PRODUCT LAUNCHES
 
 
 
 
 
 
11.9.2
DEALS
 
 
 
 
12
COMPANY PROFILES
In-depth Company Profiles of Leading Market Players with detailed Business Overview, Product and Service Portfolio, Recent Developments, and Unique Analyst Perspective (MnM View)
 
 
 
 
 
214
 
12.1
KEY EQUIPMENT MANUFACTURERS
 
 
 
 
 
 
 
12.1.1
BAKER HUGHES COMPANY (WAYGATE TECHNOLOGIES)
 
 
 
 
 
 
 
12.1.1.1
BUSINESS OVERVIEW
 
 
 
 
 
 
12.1.1.2
PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
 
 
 
 
 
12.1.1.3
RECENT DEVELOPMENTS
 
 
 
 
 
 
 
 
12.1.1.3.1
PRODUCT LAUNCHES
 
 
 
 
12.1.1.4
MNM VIEW
 
 
 
 
 
 
 
 
12.1.1.4.1
KEY STRENGTHS/RIGHT TO WIN
 
 
 
 
 
 
12.1.1.4.2
STRATEGIC CHOICES
 
 
 
 
 
 
12.1.1.4.3
WEAKNESSES/COMPETITIVE THREATS
 
 
 
12.1.2
EVIDENT
 
 
 
 
 
 
12.1.3
EDDYFI
 
 
 
 
 
 
12.1.4
SONATEST
 
 
 
 
 
 
12.1.5
NDT SYSTEMS INC
 
 
 
 
 
12.2
KEY SERVICE PROVIDERS
 
 
 
 
 
 
 
12.2.1
SGS SOCIÉTÉ GÉNÉRALE DE SURVEILLANCE SA.
 
 
 
 
 
 
12.2.2
INTERTEK GROUP PLC
 
 
 
 
 
 
12.2.3
MISTRAS GROUP
 
 
 
 
 
 
12.2.4
DEKRA
 
 
 
 
 
 
12.2.5
APPLUS+
 
 
 
 
 
 
12.2.6
TÜV RHEINLAND
 
 
 
 
 
 
12.2.7
ELEMENT MATERIALS TECHNOLOGY
 
 
 
 
 
12.3
OTHER PLAYERS
 
 
 
 
 
 
 
12.3.1
ACOUSTIC CONTROL SYSTEMS
 
 
 
 
 
 
12.3.2
AMERAPEX CORPORATION
 
 
 
 
 
 
12.3.3
ASHTEAD TECHNOLOGY
 
 
 
 
 
 
12.3.4
ACUREN
 
 
 
 
 
 
12.3.5
MODSONIC INSTRUMENTS MFG. CO. (P) LTD.
 
 
 
 
 
 
12.3.6
SONOTEC GMBH
 
 
 
 
 
 
12.3.7
APPLIED TECHNICAL SERVICES
 
 
 
 
 
 
12.3.8
NEXXIS
 
 
 
 
 
 
12.3.9
VERTECH GROUP
 
 
 
 
 
 
12.3.10
GUIDED ULTRASONICS LTD.
 
 
 
 
 
 
12.3.11
IRISNDT
 
 
 
 
 
 
12.3.12
NANJING BKN AUTOMATION SYSTEM CO., LTD.
 
 
 
 
 
 
12.3.13
OKONDT GROUP
 
 
 
 
13
APPENDIX
 
 
 
 
 
261
 
13.1
INSIGHTS FROM INDUSTRY EXPERTS
 
 
 
 
 
 
13.2
DISCUSSION GUIDE
 
 
 
 
 
 
13.3
KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
 
 
 
 
 
 
13.4
CUSTOMIZATION OPTIONS
 
 
 
 
 
 
13.5
RELATED REPORTS
 
 
 
 
 
 
13.6
AUTHOR DETAILS
 
 
 
 
 
LIST OF TABLES
 
 
 
 
 
 
 
TABLE 1
IMPACT OF PORTER'S FIVE FORCES ON ULTRASONIC TESTING MARKET
 
 
 
 
 
 
TABLE 2
ULTRASONIC TESTING MARKET: ROLE OF COMPANIES IN ECOSYSTEM
 
 
 
 
 
 
TABLE 3
AVERAGE SELLING PRICE TREND OF ULTRASONIC TESTING EQUIPMENT BY KEY PLAYERS, 2019–2023 (USD)
 
 
 
 
 
 
TABLE 4
AVERAGE SELLING PRICE TREND OF FLAW DETECTORS, BY REGION, 2020–2023 (USD)
 
 
 
 
 
 
TABLE 5
LIST OF MAJOR PATENTS, 2023–2024
 
 
 
 
 
 
TABLE 6
IMPORT DATA FOR HS CODE 9031-COMPLIANT PRODUCTS, BY COUNTRY, 2019–2023 (USD MILLION)
 
 
 
 
 
 
TABLE 7
EXPORT DATA FOR HS CODE 9031-COMPLIANT PRODUCTS, BY COUNTRY, 2019–2023 (USD MILLION)
 
 
 
 
 
 
TABLE 8
INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 VERTICALS (%)
 
 
 
 
 
 
TABLE 9
KEY BUYING CRITERIA FOR TOP 3 VERTICALS
 
 
 
 
 
 
TABLE 10
MFN TARIFF FOR HS CODE 9031-COMPLIANT PRODUCTS EXPORTED BY US, 2023
 
 
 
 
 
 
TABLE 11
NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
 
 
 
 
 
 
TABLE 12
EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
 
 
 
 
 
 
TABLE 13
ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
 
 
 
 
 
 
TABLE 14
REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
 
 
 
 
 
 
TABLE 15
KEY CONFERENCES AND EVENTS, 2024–2025
 
 
 
 
 
 
TABLE 16
ULTRASONIC TESTING MARKET, BY EQUIPMENT, 2020–2023 (USD MILLION)
 
 
 
 
 
 
TABLE 17
ULTRASONIC TESTING MARKET, BY EQUIPMENT, 2024–2029 (USD MILLION)
 
 
 
 
 
 
TABLE 18
ULTRASONIC TESTING MARKET, BY EQUIPMENT, 2020–2023 (THOUSAND UNITS)
 
 
 
 
 
 
TABLE 19
ULTRASONIC TESTING MARKET, BY EQUIPMENT, 2024–2029 (THOUSAND UNITS)
 
 
 
 
 
 
TABLE 20
EQUIPMENT: ULTRASONIC TESTING MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
 
 
 
 
 
 
TABLE 21
EQUIPMENT: ULTRASONIC TESTING MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
 
 
 
 
 
 
TABLE 22
EQUIPMENT: ULTRASONIC TESTING MARKET, BY REGION, 2020–2023 (USD MILLION)
 
 
 
 
 
 
TABLE 23
EQUIPMENT: ULTRASONIC TESTING MARKET, BY REGION, 2024–2029 (USD MILLION)
 
 
 
 
 
 
TABLE 24
EQUIPMENT: ULTRASONIC TESTING MARKET FOR MANUFACTURING, BY REGION, 2020–2023 (USD MILLION)
 
 
 
 
 
 
TABLE 25
EQUIPMENT: ULTRASONIC TESTING MARKET FOR MANUFACTURING, BY REGION, 2024–2029 (USD MILLION)
 
 
 
 
 
 
TABLE 26
EQUIPMENT: ULTRASONIC TESTING MARKET FOR OIL & GAS, BY REGION, 2020–2023 (USD MILLION)
 
 
 
 
 
 
TABLE 27
EQUIPMENT: ULTRASONIC TESTING MARKET FOR OIL & GAS, BY REGION, 2024–2029 (USD MILLION)
 
 
 
 
 
 
TABLE 28
EQUIPMENT: ULTRASONIC TESTING MARKET FOR AEROSPACE, BY REGION, 2020–2023 (USD MILLION)
 
 
 
 
 
 
TABLE 29
EQUIPMENT: ULTRASONIC TESTING MARKET FOR AEROSPACE, BY REGION, 2024–2029 (USD MILLION)
 
 
 
 
 
 
TABLE 30
EQUIPMENT: ULTRASONIC TESTING MARKET FOR GOVERNMENT & INFRASTRUCTURE, BY REGION, 2020–2023 (USD MILLION)
 
 
 
 
 
 
TABLE 31
EQUIPMENT: ULTRASONIC TESTING MARKET FOR GOVERNMENT & INFRASTRUCTURE, BY REGION, 2024–2029 (USD MILLION)
 
 
 
 
 
 
TABLE 32
EQUIPMENT: ULTRASONIC TESTING MARKET FOR AUTOMOTIVE, BY REGION, 2020–2023 (USD MILLION)
 
 
 
 
 
 
TABLE 33
EQUIPMENT: ULTRASONIC TESTING MARKET FOR AUTOMOTIVE, BY REGION, 2024–2029 (USD MILLION)
 
 
 
 
 
 
TABLE 34
EQUIPMENT: ULTRASONIC TESTING MARKET FOR POWER GENERATION, BY REGION, 2020–2023 (USD MILLION)
 
 
 
 
 
 
TABLE 35
EQUIPMENT: ULTRASONIC TESTING MARKET FOR POWER GENERATION, BY REGION, 2024–2029 (USD MILLION)
 
 
 
 
 
 
TABLE 36
EQUIPMENT: ULTRASONIC TESTING MARKET FOR MARINE, BY REGION, 2020–2023 (USD MILLION)
 
 
 
 
 
 
TABLE 37
EQUIPMENT: ULTRASONIC TESTING MARKET FOR MARINE, BY REGION, 2024–2029 (USD MILLION)
 
 
 
 
 
 
TABLE 38
EQUIPMENT: ULTRASONIC TESTING MARKET FOR OTHER VERTICALS, BY REGION, 2020–2023 (USD MILLION)
 
 
 
 
 
 
TABLE 39
EQUIPMENT: ULTRASONIC TESTING MARKET FOR OTHER VERTICALS, BY REGION, 2024–2029 (USD MILLION)
 
 
 
 
 
 
TABLE 40
FLAW DETECTORS: ULTRASONIC TESTING MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
 
 
 
 
 
 
TABLE 41
FLAW DETECTORS: ULTRASONIC TESTING MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
 
 
 
 
 
 
TABLE 42
THICKNESS GAUGES: ULTRASONIC TESTING MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
 
 
 
 
 
 
TABLE 43
THICKNESS GAUGES: ULTRASONIC TESTING MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
 
 
 
 
 
 
TABLE 44
TRANSDUCERS & PROBES: ULTRASONIC TESTING MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
 
 
 
 
 
 
TABLE 45
TRANSDUCERS & PROBES: ULTRASONIC TESTING MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
 
 
 
 
 
 
TABLE 46
INDUSTRIAL SCANNERS: ULTRASONIC TESTING MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
 
 
 
 
 
 
TABLE 47
INDUSTRIAL SCANNERS: ULTRASONIC TESTING MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
 
 
 
 
 
 
TABLE 48
TUBE INSPECTION SYSTEMS: ULTRASONIC TESTING MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
 
 
 
 
 
 
TABLE 49
TUBE INSPECTION SYSTEMS: ULTRASONIC TESTING MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
 
 
 
 
 
 
TABLE 50
BOND TESTERS: ULTRASONIC TESTING MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
 
 
 
 
 
 
TABLE 51
BOND TESTERS: ULTRASONIC TESTING MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
 
 
 
 
 
 
TABLE 52
IMAGING SYSTEMS: ULTRASONIC TESTING MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
 
 
 
 
 
 
TABLE 53
IMAGING SYSTEMS: ULTRASONIC TESTING MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
 
 
 
 
 
 
TABLE 54
OTHERS: ULTRASONIC TESTING MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
 
 
 
 
 
 
TABLE 55
OTHERS: ULTRASONIC TESTING MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
 
 
 
 
 
 
TABLE 56
ULTRASONIC TESTING MARKET, BY SERVICE, 2020–2023 (USD MILLION)
 
 
 
 
 
 
TABLE 57
ULTRASONIC TESTING MARKET, BY SERVICE, 2024–2029 (USD MILLION)
 
 
 
 
 
 
TABLE 58
SERVICES: ULTRASONIC TESTING MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
 
 
 
 
 
 
TABLE 59
SERVICES: ULTRASONIC TESTING MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
 
 
 
 
 
 
TABLE 60
SERVICES: ULTRASONIC TESTING MARKET, BY REGION, 2020–2023 (USD MILLION)
 
 
 
 
 
 
TABLE 61
SERVICES: ULTRASONIC TESTING MARKET, BY REGION, 2024–2029 (USD MILLION)
 
 
 
 
 
 
TABLE 62
SERVICES: ULTRASONIC TESTING MARKET FOR MANUFACTURING, BY REGION, 2020–2023 (USD MILLION)
 
 
 
 
 
 
TABLE 63
SERVICES: ULTRASONIC TESTING MARKET FOR MANUFACTURING, BY REGION, 2024–2029 (USD MILLION)
 
 
 
 
 
 
TABLE 64
SERVICES: ULTRASONIC TESTING MARKET FOR OIL & GAS, BY REGION, 2020–2023 (USD MILLION)
 
 
 
 
 
 
TABLE 65
SERVICES: ULTRASONIC TESTING MARKET FOR OIL & GAS, BY REGION, 2024–2029 (USD MILLION)
 
 
 
 
 
 
TABLE 66
SERVICES: ULTRASONIC TESTING MARKET FOR AEROSPACE, BY REGION, 2020–2023 (USD MILLION)
 
 
 
 
 
 
TABLE 67
SERVICES: ULTRASONIC TESTING MARKET FOR AEROSPACE, BY REGION, 2024–2029 (USD MILLION)
 
 
 
 
 
 
TABLE 68
SERVICES: ULTRASONIC TESTING MARKET FOR GOVERNMENT & INFRASTRUCTURE, BY REGION, 2020–2023 (USD MILLION)
 
 
 
 
 
 
TABLE 69
SERVICES: ULTRASONIC TESTING MARKET FOR GOVERNMENT & INFRASTRUCTURE, BY REGION, 2024–2029 (USD MILLION)
 
 
 
 
 
 
TABLE 70
SERVICES: ULTRASONIC TESTING MARKET FOR AUTOMOTIVE, BY REGION, 2020–2023 (USD MILLION)
 
 
 
 
 
 
TABLE 71
SERVICES: ULTRASONIC TESTING MARKET FOR AUTOMOTIVE, BY REGION, 2024–2029 (USD MILLION)
 
 
 
 
 
 
TABLE 72
SERVICES: ULTRASONIC TESTING MARKET FOR POWER GENERATION, BY REGION, 2020–2023 (USD MILLION)
 
 
 
 
 
 
TABLE 73
SERVICES: ULTRASONIC TESTING MARKET FOR POWER GENERATION, BY REGION, 2024–2029 (USD MILLION)
 
 
 
 
 
 
TABLE 74
SERVICES: ULTRASONIC TESTING MARKET FOR MARINE, BY REGION, 2020–2023 (USD MILLION)
 
 
 
 
 
 
TABLE 75
SERVICES: ULTRASONIC TESTING MARKET FOR MARINE, BY REGION, 2024–2029 (USD MILLION)
 
 
 
 
 
 
TABLE 76
SERVICES: ULTRASONIC TESTING MARKET FOR OTHER VERTICALS, BY REGION, 2020–2023 (USD MILLION)
 
 
 
 
 
 
TABLE 77
SERVICES: ULTRASONIC TESTING MARKET FOR OTHER VERTICALS, BY REGION, 2024–2029 (USD MILLION)
 
 
 
 
 
 
TABLE 78
INSPECTION SERVICES: ULTRASONIC TESTING MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
 
 
 
 
 
 
TABLE 79
INSPECTION SERVICES: ULTRASONIC TESTING MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
 
 
 
 
 
 
TABLE 80
EQUIPMENT RENTAL SERVICES: ULTRASONIC TESTING MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
 
 
 
 
 
 
TABLE 81
EQUIPMENT RENTAL SERVICES: ULTRASONIC TESTING MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
 
 
 
 
 
 
TABLE 82
CALIBRATION SERVICES: ULTRASONIC TESTING MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
 
 
 
 
 
 
TABLE 83
CALIBRATION SERVICES: ULTRASONIC TESTING MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
 
 
 
 
 
 
TABLE 84
TRAINING SERVICES: ULTRASONIC TESTING MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
 
 
 
 
 
 
TABLE 85
TRAINING SERVICES: ULTRASONIC TESTING MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
 
 
 
 
 
 
TABLE 86
ULTRASONIC TESTING MARKET, BY TYPE, 2020–2023 (USD MILLION)
 
 
 
 
 
 
TABLE 87
ULTRASONIC TESTING MARKET, BY TYPE, 2024–2029 (USD MILLION)
 
 
 
 
 
 
TABLE 88
ULTRASONIC TESTING MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
 
 
 
 
 
 
TABLE 89
ULTRASONIC TESTING MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
 
 
 
 
 
 
TABLE 90
MANUFACTURING: ULTRASONIC TESTING MARKET, BY EQUIPMENT, 2020–2023 (USD MILLION)
 
 
 
 
 
 
TABLE 91
MANUFACTURING: ULTRASONIC TESTING MARKET, BY EQUIPMENT, 2024–2029 (USD MILLION)
 
 
 
 
 
 
TABLE 92
MANUFACTURING: ULTRASONIC TESTING MARKET, BY SERVICE, 2020–2023 (USD MILLION)
 
 
 
 
 
 
TABLE 93
MANUFACTURING: ULTRASONIC TESTING MARKET, BY SERVICE, 2024–2029 (USD MILLION)
 
 
 
 
 
 
TABLE 94
MANUFACTURING: ULTRASONIC TESTING MARKET, BY REGION, 2020–2023 (USD MILLION)
 
 
 
 
 
 
TABLE 95
MANUFACTURING: ULTRASONIC TESTING MARKET, BY REGION, 2024–2029 (USD MILLION)
 
 
 
 
 
 
TABLE 96
OIL & GAS: ULTRASONIC TESTING MARKET, BY EQUIPMENT, 2020–2023 (USD MILLION)
 
 
 
 
 
 
TABLE 97
OIL & GAS: ULTRASONIC TESTING MARKET, BY EQUIPMENT, 2024–2029 (USD MILLION)
 
 
 
 
 
 
TABLE 98
OIL & GAS: ULTRASONIC TESTING MARKET, BY SERVICE, 2020–2023 (USD MILLION)
 
 
 
 
 
 
TABLE 99
OIL & GAS: ULTRASONIC TESTING MARKET, BY SERVICE, 2024–2029 (USD MILLION)
 
 
 
 
 
 
TABLE 100
OIL & GAS: ULTRASONIC TESTING MARKET, BY REGION, 2020–2023 (USD MILLION)
 
 
 
 
 
 
TABLE 101
OIL & GAS: ULTRASONIC TESTING MARKET, BY REGION, 2024–2029 (USD MILLION)
 
 
 
 
 
 
TABLE 102
AEROSPACE: ULTRASONIC TESTING MARKET, BY EQUIPMENT, 2020–2023 (USD MILLION)
 
 
 
 
 
 
TABLE 103
AEROSPACE: ULTRASONIC TESTING MARKET, BY EQUIPMENT, 2024–2029 (USD MILLION)
 
 
 
 
 
 
TABLE 104
AEROSPACE: ULTRASONIC TESTING MARKET, BY SERVICE, 2020–2023 (USD MILLION)
 
 
 
 
 
 
TABLE 105
AEROSPACE: ULTRASONIC TESTING MARKET, BY SERVICE, 2024–2029 (USD MILLION)
 
 
 
 
 
 
TABLE 106
AEROSPACE: ULTRASONIC TESTING MARKET, BY REGION, 2020–2023 (USD MILLION)
 
 
 
 
 
 
TABLE 107
AEROSPACE: ULTRASONIC TESTING MARKET, BY REGION, 2024–2029 (USD MILLION)
 
 
 
 
 
 
TABLE 108
GOVERNMENT & INFRASTRUCTURE: ULTRASONIC TESTING MARKET, BY EQUIPMENT, 2020–2023 (USD MILLION)
 
 
 
 
 
 
TABLE 109
GOVERNMENT & INFRASTRUCTURE: ULTRASONIC TESTING MARKET, BY EQUIPMENT, 2024–2029 (USD MILLION)
 
 
 
 
 
 
TABLE 110
GOVERNMENT & INFRASTRUCTURE: ULTRASONIC TESTING MARKET, BY SERVICE, 2020–2023 (USD MILLION)
 
 
 
 
 
 
TABLE 111
GOVERNMENT & INFRASTRUCTURE: ULTRASONIC TESTING MARKET, BY SERVICE, 2024–2029 (USD MILLION)
 
 
 
 
 
 
TABLE 112
GOVERNMENT & INFRASTRUCTURE: ULTRASONIC TESTING MARKET, BY REGION, 2020–2023 (USD MILLION)
 
 
 
 
 
 
TABLE 113
GOVERNMENT & INFRASTRUCTURE: ULTRASONIC TESTING MARKET, BY REGION, 2024–2029 (USD MILLION)
 
 
 
 
 
 
TABLE 114
AUTOMOTIVE: ULTRASONIC TESTING MARKET, BY EQUIPMENT, 2020–2023 (USD MILLION)
 
 
 
 
 
 
TABLE 115
AUTOMOTIVE: ULTRASONIC TESTING MARKET, BY EQUIPMENT, 2024–2029 (USD MILLION)
 
 
 
 
 
 
TABLE 116
AUTOMOTIVE: ULTRASONIC TESTING MARKET, BY SERVICE, 2020–2023 (USD MILLION)
 
 
 
 
 
 
TABLE 117
AUTOMOTIVE: ULTRASONIC TESTING MARKET, BY SERVICE, 2024–2029 (USD MILLION)
 
 
 
 
 
 
TABLE 118
AUTOMOTIVE: ULTRASONIC TESTING MARKET, BY REGION, 2020–2023 (USD MILLION)
 
 
 
 
 
 
TABLE 119
AUTOMOTIVE: ULTRASONIC TESTING MARKET, BY REGION, 2024–2029 (USD MILLION)
 
 
 
 
 
 
TABLE 120
POWER GENERATION: ULTRASONIC TESTING MARKET, BY EQUIPMENT, 2020–2023 (USD MILLION)
 
 
 
 
 
 
TABLE 121
POWER GENERATION: ULTRASONIC TESTING MARKET, BY EQUIPMENT, 2024–2029 (USD MILLION)
 
 
 
 
 
 
TABLE 122
POWER GENERATION: ULTRASONIC TESTING MARKET, BY SERVICE, 2020–2023 (USD MILLION)
 
 
 
 
 
 
TABLE 123
POWER GENERATION: ULTRASONIC TESTING MARKET, BY SERVICE, 2024–2029 (USD MILLION)
 
 
 
 
 
 
TABLE 124
POWER GENERATION: ULTRASONIC TESTING MARKET, BY REGION, 2020–2023 (USD MILLION)
 
 
 
 
 
 
TABLE 125
POWER GENERATION: ULTRASONIC TESTING MARKET, BY REGION, 2024–2029 (USD MILLION)
 
 
 
 
 
 
TABLE 126
MARINE: ULTRASONIC TESTING MARKET, BY EQUIPMENT, 2020–2023 (USD MILLION)
 
 
 
 
 
 
TABLE 127
MARINE: ULTRASONIC TESTING MARKET, BY EQUIPMENT, 2024–2029 (USD MILLION)
 
 
 
 
 
 
TABLE 128
MARINE: ULTRASONIC TESTING MARKET, BY SERVICE, 2020–2023 (USD MILLION)
 
 
 
 
 
 
TABLE 129
MARINE: ULTRASONIC TESTING MARKET, BY SERVICE, 2024–2029 (USD MILLION)
 
 
 
 
 
 
TABLE 130
MARINE: ULTRASONIC TESTING MARKET, BY REGION, 2020–2023 (USD MILLION)
 
 
 
 
 
 
TABLE 131
MARINE: ULTRASONIC TESTING MARKET, BY REGION, 2024–2029 (USD MILLION)
 
 
 
 
 
 
TABLE 132
OTHER VERTICALS: ULTRASONIC TESTING MARKET, BY EQUIPMENT, 2020–2023 (USD MILLION)
 
 
 
 
 
 
TABLE 133
OTHER VERTICALS: ULTRASONIC TESTING MARKET, BY EQUIPMENT, 2024–2029 (USD MILLION)
 
 
 
 
 
 
TABLE 134
OTHER VERTICALS: ULTRASONIC TESTING MARKET, BY SERVICE, 2020–2023 (USD MILLION)
 
 
 
 
 
 
TABLE 135
OTHER VERTICALS: ULTRASONIC TESTING MARKET, BY SERVICE, 2024–2029 (USD MILLION)
 
 
 
 
 
 
TABLE 136
OTHER VERTICALS: ULTRASONIC TESTING MARKET, BY REGION, 2020–2023 (USD MILLION)
 
 
 
 
 
 
TABLE 137
OTHER VERTICALS: ULTRASONIC TESTING MARKET, BY REGION, 2024–2029 (USD MILLION)
 
 
 
 
 
 
TABLE 138
ULTRASONIC TESTING MARKET, BY REGION, 2020–2023 (USD MILLION)
 
 
 
 
 
 
TABLE 139
ULTRASONIC TESTING MARKET, BY REGION, 2024–2029 (USD MILLION)
 
 
 
 
 
 
TABLE 140
NORTH AMERICA: ULTRASONIC TESTING MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
 
 
 
 
 
 
TABLE 141
NORTH AMERICA: ULTRASONIC TESTING MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
 
 
 
 
 
 
TABLE 142
NORTH AMERICA: ULTRASONIC TESTING MARKET FOR EQUIPMENT, BY VERTICAL, 2020–2023 (USD MILLION)
 
 
 
 
 
 
TABLE 143
NORTH AMERICA: ULTRASONIC TESTING MARKET FOR EQUIPMENT, BY VERTICAL, 2024–2029 (USD MILLION)
 
 
 
 
 
 
TABLE 144
NORTH AMERICA: ULTRASONIC TESTING MARKET FOR SERVICES, BY VERTICAL, 2020–2023 (USD MILLION)
 
 
 
 
 
 
TABLE 145
NORTH AMERICA: ULTRASONIC TESTING MARKET FOR SERVICES, BY VERTICAL, 2024–2029 (USD MILLION)
 
 
 
 
 
 
TABLE 146
NORTH AMERICA: ULTRASONIC TESTING MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
 
 
 
 
 
 
TABLE 147
NORTH AMERICA: ULTRASONIC TESTING MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
 
 
 
 
 
 
TABLE 148
EUROPE: ULTRASONIC TESTING MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
 
 
 
 
 
 
TABLE 149
EUROPE: ULTRASONIC TESTING MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
 
 
 
 
 
 
TABLE 150
EUROPE: ULTRASONIC TESTING MARKET FOR EQUIPMENT, BY VERTICAL, 2020–2023 (USD MILLION)
 
 
 
 
 
 
TABLE 151
EUROPE: ULTRASONIC TESTING MARKET FOR EQUIPMENT, BY VERTICAL, 2024–2029 (USD MILLION)
 
 
 
 
 
 
TABLE 152
EUROPE: ULTRASONIC TESTING MARKET FOR SERVICES, BY VERTICAL, 2020–2023 (USD MILLION)
 
 
 
 
 
 
TABLE 153
EUROPE: ULTRASONIC TESTING MARKET FOR SERVICES, BY VERTICAL, 2024–2029 (USD MILLION)
 
 
 
 
 
 
TABLE 154
EUROPE: ULTRASONIC TESTING MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
 
 
 
 
 
 
TABLE 155
EUROPE: ULTRASONIC TESTING MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
 
 
 
 
 
 
TABLE 156
ASIA PACIFIC: ULTRASONIC TESTING MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
 
 
 
 
 
 
TABLE 157
ASIA PACIFIC: ULTRASONIC TESTING MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
 
 
 
 
 
 
TABLE 158
ASIA PACIFIC: ULTRASONIC TESTING MARKET FOR EQUIPMENT, BY VERTICAL, 2020–2023 (USD MILLION)
 
 
 
 
 
 
TABLE 159
ASIA PACIFIC: ULTRASONIC TESTING MARKET FOR EQUIPMENT, BY VERTICAL, 2024–2029 (USD MILLION)
 
 
 
 
 
 
TABLE 160
ASIA PACIFIC: ULTRASONIC TESTING MARKET FOR SERVICES, BY VERTICAL, 2020–2023 (USD MILLION)
 
 
 
 
 
 
TABLE 161
ASIA PACIFIC: ULTRASONIC TESTING MARKET FOR SERVICES, BY VERTICAL, 2024–2029 (USD MILLION)
 
 
 
 
 
 
TABLE 162
ASIA PACIFIC: ULTRASONIC TESTING MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
 
 
 
 
 
 
TABLE 163
ASIA PACIFIC: ULTRASONIC TESTING MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
 
 
 
 
 
 
TABLE 164
ROW: ULTRASONIC TESTING MARKET, BY VERTICAL, 2020–2023 (USD MILLION)
 
 
 
 
 
 
TABLE 165
ROW: ULTRASONIC TESTING MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
 
 
 
 
 
 
TABLE 166
ROW: ULTRASONIC TESTING MARKET FOR EQUIPMENT, BY VERTICAL, 2020–2023 (USD MILLION)
 
 
 
 
 
 
TABLE 167
ROW: ULTRASONIC TESTING MARKET FOR EQUIPMENT, BY VERTICAL, 2024–2029 (USD MILLION)
 
 
 
 
 
 
TABLE 168
ROW: ULTRASONIC TESTING MARKET FOR SERVICES, BY VERTICAL, 2020–2023 (USD MILLION)
 
 
 
 
 
 
TABLE 169
ROW: ULTRASONIC TESTING MARKET FOR SERVICES, BY VERTICAL, 2024–2029 (USD MILLION)
 
 
 
 
 
 
TABLE 170
ROW: ULTRASONIC TESTING MARKET, BY REGION, 2020–2023 (USD MILLION)
 
 
 
 
 
 
TABLE 171
ROW: ULTRASONIC TESTING MARKET, BY REGION, 2024–2029 (USD MILLION)
 
 
 
 
 
 
TABLE 172
SOUTH AMERICA: ULTRASONIC TESTING MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
 
 
 
 
 
 
TABLE 173
SOUTH AMERICA: ULTRASONIC TESTING MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
 
 
 
 
 
 
TABLE 174
MIDDLE EAST & AFRICA: ULTRASONIC TESTING MARKET, BY REGION, 2020–2023 (USD MILLION)
 
 
 
 
 
 
TABLE 175
MIDDLE EAST & AFRICA: ULTRASONIC TESTING MARKET, BY REGION, 2024–2029 (USD MILLION)
 
 
 
 
 
 
TABLE 176
ULTRASONIC TESTING MARKET: KEY PLAYER STRATEGIES/RIGHT TO WIN, MAY 2021– OCTOBER 2024
 
 
 
 
 
 
TABLE 177
ULTRASONIC TESTING MARKET: DEGREE OF COMPETITION
 
 
 
 
 
 
TABLE 178
ULTRASONIC TESTING MARKET: COMPANY FOOTPRINT
 
 
 
 
 
 
TABLE 179
ULTRASONIC TESTING MARKET: REGION FOOTPRINT
 
 
 
 
 
 
TABLE 180
ULTRASONIC TESTING MARKET: TYPE FOOTPRINT
 
 
 
 
 
 
TABLE 181
ULTRASONIC TESTING MARKET: EQUIPMENT FOOTPRINT
 
 
 
 
 
 
TABLE 182
ULTRASONIC TESTING MARKET: SERVICE FOOTPRINT
 
 
 
 
 
 
TABLE 183
ULTRASONIC TESTING MARKET: VERTICAL FOOTPRINT
 
 
 
 
 
 
TABLE 184
ULTRASONIC TESTING MARKET: LIST OF KEY STARTUPS/SMES
 
 
 
 
 
 
TABLE 185
ULTRASONIC TESTING MARKET: COMPETITIVE BENCHMARKING OF STARTUPS/SMES
 
 
 
 
 
 
TABLE 186
ULTRASONIC TESTING MARKET: PRODUCT LAUNCHES, MAY 2021–OCTOBER 2024
 
 
 
 
 
 
TABLE 187
ULTRASONIC TESTING MARKET: DEALS, FEBRUARY 2023–SEPTEMBER 2024
 
 
 
 
 
 
TABLE 188
BAKER HUGHES COMPANY (WAYGATE TECHNOLOGIES): COMPANY OVERVIEW
 
 
 
 
 
 
TABLE 189
BAKER HUGHES COMPANY (WAYGATE TECHNOLOGIES): PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
 
 
 
 
 
TABLE 190
BAKER HUGHES COMPANY (WAYGATE TECHNOLOGIES): PRODUCT LAUNCHES
 
 
 
 
 
 
TABLE 191
EVIDENT: COMPANY OVERVIEW
 
 
 
 
 
 
TABLE 192
EVIDENT: PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
 
 
 
 
 
TABLE 193
EVIDENT: PRODUCT LAUNCHES
 
 
 
 
 
 
TABLE 194
EDDYFI: COMPANY OVERVIEW
 
 
 
 
 
 
TABLE 195
EDDYFI: PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
 
 
 
 
 
TABLE 196
EDDYFI: PRODUCT LAUNCHES
 
 
 
 
 
 
TABLE 197
EDDYFI: DEALS
 
 
 
 
 
 
TABLE 198
SONATEST: COMPANY OVERVIEW
 
 
 
 
 
 
TABLE 199
SONATEST: PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
 
 
 
 
 
TABLE 200
NDT SYSTEMS INC: COMPANY OVERVIEW
 
 
 
 
 
 
TABLE 201
NDT SYSTEMS INC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
 
 
 
 
 
TABLE 202
SGS SOCIÉTÉ GÉNÉRALE DE SURVEILLANCE SA.: COMPANY OVERVIEW
 
 
 
 
 
 
TABLE 203
SGS SOCIÉTÉ GÉNÉRALE DE SURVEILLANCE SA.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
 
 
 
 
 
TABLE 204
INTERTEK GROUP PLC: COMPANY OVERVIEW
 
 
 
 
 
 
TABLE 205
INTERTEK GROUP PLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
 
 
 
 
 
TABLE 206
MISTRAS GROUP: COMPANY OVERVIEW
 
 
 
 
 
 
TABLE 207
MISTRAS GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
 
 
 
 
 
TABLE 208
DEKRA: COMPANY OVERVIEW
 
 
 
 
 
 
TABLE 209
DEKRA: PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
 
 
 
 
 
TABLE 210
APPLUS+: COMPANY OVERVIEW
 
 
 
 
 
 
TABLE 211
APPLUS+: PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
 
 
 
 
 
TABLE 212
TÜV RHEINLAND: COMPANY OVERVIEW
 
 
 
 
 
 
TABLE 213
TÜV RHEINLAND: PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
 
 
 
 
 
TABLE 214
ELEMENT MATERIALS TECHNOLOGY: COMPANY OVERVIEW
 
 
 
 
 
 
TABLE 215
ELEMENT MATERIALS TECHNOLOGY: PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
 
 
 
 
 
TABLE 216
ELEMENT MATERIALS TECHNOLOGY: DEALS
 
 
 
 
 
 
TABLE 217
ACOUSTIC CONTROL SYSTEMS: COMPANY OVERVIEW
 
 
 
 
 
 
TABLE 218
AMERAPEX CORPORATION: COMPANY OVERVIEW
 
 
 
 
 
 
TABLE 219
ASHTEAD TECHNOLOGY: COMPANY OVERVIEW
 
 
 
 
 
 
TABLE 220
ACUREN: COMPANY OVERVIEW
 
 
 
 
 
 
TABLE 221
MODSONIC INSTRUMENTS MFG. CO. (P) LTD.: COMPANY OVERVIEW
 
 
 
 
 
 
TABLE 222
SONOTEC GMBH: COMPANY OVERVIEW
 
 
 
 
 
 
TABLE 223
APPLIED TECHNICAL SERVICES: COMPANY OVERVIEW
 
 
 
 
 
 
TABLE 224
NEXXIS: COMPANY OVERVIEW
 
 
 
 
 
 
TABLE 225
VERTECH GROUP: COMPANY OVERVIEW
 
 
 
 
 
 
TABLE 226
GUIDED ULTRASONICS LTD.: COMPANY OVERVIEW
 
 
 
 
 
 
TABLE 227
IRISNDT: COMPANY OVERVIEW
 
 
 
 
 
 
TABLE 228
NANJING BKN AUTOMATION SYSTEM CO., LTD.: COMPANY OVERVIEW
 
 
 
 
 
 
TABLE 229
OKONDT GROUP: COMPANY OVERVIEW
 
 
 
 
 
 
LIST OF FIGURES
 
 
 
 
 
 
 
FIGURE 1
MARKET SEGMENTATION
 
 
 
 
 
 
FIGURE 2
ULTRASONIC TESTING MARKET: RESEARCH DESIGN
 
 
 
 
 
 
FIGURE 3
MARKET SIZE ESTIMATION METHODOLOGY—APPROACH 1 (SUPPLY SIDE): REVENUE GENERATED BY KEY PLAYERS IN ULTRASONIC TESTING MARKET
 
 
 
 
 
 
FIGURE 4
MARKET SIZE ESTIMATION METHODOLOGY—APPROACH 2 (SUPPLY SIDE): ILLUSTRATION OF REVENUE ESTIMATION OF KEY PLAYERS IN ULTRASONIC TESTING MARKET
 
 
 
 
 
 
FIGURE 5
MARKET SIZE ESTIMATION METHODOLOGY—APPROACH 3 (DEMAND SIDE): ULTRASONIC TESTING MARKET BASED ON REGION
 
 
 
 
 
 
FIGURE 6
MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
 
 
 
 
 
 
FIGURE 7
MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
 
 
 
 
 
 
FIGURE 8
DATA TRIANGULATION
 
 
 
 
 
 
FIGURE 9
ULTRASONIC TESTING MARKET, 2020–2029 (USD MILLION)
 
 
 
 
 
 
FIGURE 10
PHASED ARRAY SEGMENT TO ACCOUNT FOR LARGEST SHARE DURING FORECAST PERIOD
 
 
 
 
 
 
FIGURE 11
FLAW DETECTORS SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
 
 
 
 
 
 
FIGURE 12
INSPECTION SERVICES SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
 
 
 
 
 
 
FIGURE 13
POWER GENERATION SEGMENT TO ACCOUNT FOR LARGEST SHARE DURING FORECAST PERIOD
 
 
 
 
 
 
FIGURE 14
ASIA PACIFIC TO RECORD HIGHEST GROWTH DURING FORECAST PERIOD
 
 
 
 
 
 
FIGURE 15
RAPID INDUSTRIALIZATION AND URBANIZATION TO DRIVE ULTRASONIC TESTING MARKET
 
 
 
 
 
 
FIGURE 16
INSPECTION SERVICES SEGMENT TO ACCOUNT FOR SIGNIFICANT SHARE BY 2029
 
 
 
 
 
 
FIGURE 17
POWER GENERATION SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
 
 
 
 
 
 
FIGURE 18
NORTH AMERICA TO LEAD MARKET DURING FORECAST PERIOD
 
 
 
 
 
 
FIGURE 19
DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN ULTRASONIC TESTING MARKET
 
 
 
 
 
 
FIGURE 20
IMPACT ANALYSIS: DRIVERS
 
 
 
 
 
 
FIGURE 21
IMPACT ANALYSIS: RESTRAINTS
 
 
 
 
 
 
FIGURE 22
IMPACT ANALYSIS: OPPORTUNITIES
 
 
 
 
 
 
FIGURE 23
IMPACT ANALYSIS: CHALLENGES
 
 
 
 
 
 
FIGURE 24
ULTRASONIC TESTING MARKET: PORTER'S FIVE FORCES ANALYSIS
 
 
 
 
 
 
FIGURE 25
ULTRASONIC TESTING MARKET: VALUE CHAIN ANALYSIS
 
 
 
 
 
 
FIGURE 26
TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
 
 
 
 
 
 
FIGURE 27
ULTRASONIC TESTING MARKET ECOSYSTEM
 
 
 
 
 
 
FIGURE 28
INVESTMENT AND FUNDING SCENARIO, 2020–2024
 
 
 
 
 
 
FIGURE 29
AVERAGE SELLING PRICE TREND OF ULTRASONIC TESTING EQUIPMENT BY KEY PLAYERS
 
 
 
 
 
 
FIGURE 30
AVERAGE SELLING PRICE TREND OF FLAW DETECTORS, BY REGION, 2020–2023
 
 
 
 
 
 
FIGURE 31
PATENTS APPLIED AND GRANTED, 2014–2023
 
 
 
 
 
 
FIGURE 32
IMPORT DATA FOR HS CODE 9031-COMPLIANT PRODUCTS, BY COUNTRY, 2019–2023
 
 
 
 
 
 
FIGURE 33
EXPORT DATA FOR HS CODE 9031-COMPLIANT PRODUCTS, BY COUNTRY, 2019–2023 (USD MILLION)
 
 
 
 
 
 
FIGURE 34
INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 VERTICALS
 
 
 
 
 
 
FIGURE 35
KEY BUYING CRITERIA FOR TOP 3 VERTICALS
 
 
 
 
 
 
FIGURE 36
IMPACT OF GENERATIVE AI/AI ON ULTRASONIC TESTING MARKET
 
 
 
 
 
 
FIGURE 37
TUBE INSPECTION SYSTEMS SEGMENT TO GROW AT HIGHEST RATE DURING FORECAST PERIOD
 
 
 
 
 
 
FIGURE 38
INSPECTION SERVICES SEGMENT TO ACCOUNT FOR SIGNIFICANT SHARE DURING FORECAST PERIOD
 
 
 
 
 
 
FIGURE 39
PHASED ARRAY SEGMENT TO ACCOUNT FOR LARGEST SHARE DURING FORECAST PERIOD
 
 
 
 
 
 
FIGURE 40
POWER GENERATION SEGMENT TO ACCOUNT FOR SIGNIFICANT SHARE DURING FORECAST PERIOD
 
 
 
 
 
 
FIGURE 41
ULTRASONIC TESTING MARKET, BY REGION
 
 
 
 
 
 
FIGURE 42
INDIA TO EXHIBIT HIGHEST GROWTH DURING FORECAST PERIOD
 
 
 
 
 
 
FIGURE 43
ASIA PACIFIC TO RECORD HIGHEST GROWTH DURING FORECAST PERIOD
 
 
 
 
 
 
FIGURE 44
NORTH AMERICA: ULTRASONIC TESTING MARKET SNAPSHOT
 
 
 
 
 
 
FIGURE 45
EUROPE: ULTRASONIC TESTING MARKET SNAPSHOT
 
 
 
 
 
 
FIGURE 46
ASIA PACIFIC: ULTRASONIC TESTING MARKET SNAPSHOT
 
 
 
 
 
 
FIGURE 47
ULTRASONIC TESTING MARKET: REVENUE ANALYSIS OF KEY PLAYERS, 2021–2023 (USD MILLION)
 
 
 
 
 
 
FIGURE 48
ULTRASONIC TESTING MARKET SHARE ANALYSIS, 2023
 
 
 
 
 
 
FIGURE 49
ULTRASONIC TESTING MARKET: COMPANY VALUATION, 2024 (USD BILLION)
 
 
 
 
 
 
FIGURE 50
ULTRASONIC TESTING MARKET: FINANCIAL METRICS, 2024 (USD BILLION)
 
 
 
 
 
 
FIGURE 51
ULTRASONIC TESTING MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023
 
 
 
 
 
 
FIGURE 52
ULTRASONIC TESTING MARKET: COMPANY FOOTPRINT
 
 
 
 
 
 
FIGURE 53
ULTRASONIC TESTING MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023
 
 
 
 
 
 
FIGURE 54
BAKER HUGHES COMPANY (WAYGATE TECHNOLOGIES): COMPANY SNAPSHOT
 
 
 
 
 
 
FIGURE 55
SGS SOCIÉTÉ GÉNÉRALE DE SURVEILLANCE SA.: COMPANY SNAPSHOT
 
 
 
 
 
 
FIGURE 56
INTERTEK GROUP PLC: COMPANY SNAPSHOT
 
 
 
 
 
 
FIGURE 57
MISTRAS GROUP: COMPANY SNAPSHOT
 
 
 
 
 
 
FIGURE 58
APPLUS+: COMPANY SNAPSHOT
 
 
 
 
 
 
FIGURE 59
TÜV RHEINLAND: COMPANY SNAPSHOT
 
 
 
 
 
 

Methodology

The study involved significant activities in estimating the current market size for the ultrasonic testing market. Exhaustive secondary research was done to collect information on the ultrasonic testing industry. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain using primary research. Different approaches, such as top-down and bottom-up, were employed to estimate the total market size. After that, the market breakup and data triangulation procedures were used to estimate the market size of the segments and subsegments of the Ultrasonic testing market.

Secondary Research

The market for the companies offering ultrasonic testing solutions is arrived at by secondary data available through paid and unpaid sources, analyzing the product portfolios of the major companies in the ecosystem, and rating the companies by their performance and quality. Various sources were referred to in the secondary research process to identify and collect information for this study. The secondary sources include annual reports, press releases, investor presentations of companies, white papers, journals, certified publications, and articles from recognized authors, directories, and databases. In the secondary research process, various secondary sources were referred to determine and collect information related to the scope of the study. Secondary sources included annual reports, press releases, investor presentations of ultrasonic testing equipment manufacturers, certified publications, and whitepapers. The secondary research was used to obtain critical information on the industry's value chain, the total pool of key players, market classification, and segmentation from the market and technology-oriented perspectives.

Primary Research

In the primary research process, various supply and demand sources were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side included industry experts, such as Chief Executive Officers (CEOS), Vice Presidents (VPs), marketing directors, technology and innovation directors, and related key executives from various key companies and organizations operating in the ultrasonic testing market.

After the complete market engineering (calculations for market statistics, market breakdown, market size estimations, market forecasting, and data triangulation), extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. Primary research was also conducted to identify the segmentation types, industry trends, competitive landscape of ultrasonic testing solutions offered by various market players, and key market dynamics, such as drivers, restraints, opportunities, challenges, industry trends, and key player strategies.

In the complete market engineering process, the top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform the market estimation and market forecasting for the overall market segments and subsegments listed in this report.

Extensive qualitative and quantitative analysis was performed on the complete market engineering process to list the key information/insights throughout the report.

Ultrasonic Testing Market Size, and Share

Note: “Others” includes sales, marketing, and product managers

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

Market Size Estimation

The market engineering process extensively employed the top-down and bottom-up approaches. Various data triangulation methods were utilized to forecast and estimate the market segments and subsegments covered in the report. Multiple qualitative and quantitative analyses were conducted during the market engineering to extract key insights throughout the report.

Secondary research helped identify key players in the ultrasonic testing market. Their revenues were determined through a combination of primary and secondary research, analyzed both geographically and by market segment, using financial statements and annual reports. Insights were further enriched through interviews with CEOs, VPs, directors, and marketing executives.

Market shares were estimated using this combined research approach. The data was then consolidated, supplemented with detailed inputs and analysis from MarketsandMarkets, and presented in the report.

Ultrasonic Testing Market : Top-Down and Bottom-Up Approach

Ultrasonic Testing Market Top Down and Bottom Up Approach

Data Triangulation

The market was split into several segments and subsegments after arriving at the overall market size using the market size estimation processes explained above. The data triangulation and market breakup procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment. The data was triangulated by studying various factors and trends from both the demand and supply sides.

Market Definition

Ultrasonic testing is a type of volumetric nondestructive testing technique that helps to identify internal flaws in the material that may not be detected using any surface inspection techniques. This process uses an ultrasonic transducer to transmit high-frequency sound waves into the material, and reflected ultrasound from defects is displayed graphically.

Ultrasonic testing provides valuable information regarding the size, diameter, composition, and direction of any defects observed and is also used to measure the thickness of material such as pipe wall thickness. Ultrasonic testing is available in a frequency range from 0.1 up to 15 MHz; in this method, ultrasonic testing is performed through various instruments such as ultrasonic probes or gauges. UT is mainly applied to measure thicknesses, but it can easily check the wood, concrete, and many more with higher efficiency.

Key Stakeholders

  • Associations, organizations, and alliances related to NDT
  • Government bodies such as regulating authorities and policymakers
  • Original equipment manufacturers (OEMs)
  • Providers of ultrasonic testing services
  • Research organizations and consulting companies
  • Suppliers of related accessories for ultrasonic testing equipment
  • Distributors and suppliers of ultrasonic testing equipment
  • Venture capitalists and private equity firms

Report Objectives

  • To define, describe, and forecast the size of the ultrasonic testing market by type, equipment, service type, vertical, and region in terms of value
  • To describe and forecast the size of the ultrasonic testing market by equipment, in terms of volume
  • To forecast the market for various segments with respect to main regions, namely, North America, Europe, Asia Pacific, and the Rest of the World (RoW), in terms of value
  • To provide macroeconomic outlooks with respect to main regions namely North America, Europe, Asia Pacific, and Rest of the World (RoW)
  • To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the market’s growth
  • To provide a detailed overview of the ultrasonic testing market value chain, industry trends, technology trends, use cases, regulatory landscape, and Porter’s five forces
  • To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the total market
  • To provide ecosystem analysis, trends/disruptions impacting customer business, technology analysis, pricing analysis, key stakeholders & buying criteria, case study analysis, trade analysis, patent analysis, key conferences & events, Gen AI/ AI impact, and regulations related to the ultrasonic testing market
  • To analyze the opportunities in the market for stakeholders by identifying high-growth segments and detailing the competitive landscape for market players.
  • To strategically profile key players and comprehensively analyze their market rankings, core competencies, company valuation and financial metrics, and product/brand comparison, along with detailing the competitive landscape for the market leaders
  • To analyze the competitive developments, such as product launches and acquisitions carried out by market players
  • To map the competitive intelligence based on company profiles, key player strategies, and game-changing developments, such as product developments and acquisitions
  • To benchmark players within the market using the proprietary competitive leadership mapping framework, which analyzes market players on various parameters within the broad categories of business strategy excellence and strength of product portfolio

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:

  • Country-wise information for Asia Pacific
  • Detailed analysis and profiling of additional market players (up to five)

 

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Growth opportunities and latent adjacency in Ultrasonic Testing Market

malcolmconnolly

Aug, 2019

Size and proportion of the Ultrasonic inspection market that is UT Gauging (i.e. spot thickness reading ) only. Does your study cover it?.

Julio

Dec, 2017

I have an interest in knowing about the developments in the ultrasonic testing market. Also would like to understand how ultrasonic sensors are associated with the future trends in IoT or IIoT, as industrial applications is the major segment which we serve. .

ASHWANI

Feb, 2017

What is the scope and verticals which you have considered. Also would like to understand the major applications that are catered to this market. .

Jinyeong

Sep, 2017

I am interested in knowing the market share for the verticals that you have provided in the scope. Also would like to understand the trends in ultrasonic testing market. .

Mark

May, 2018

I am interested specific in the laser Ultrasonic inspection machines market for composite and generally in the ultrasonic NDI for metal and composite. Does the scope include theses?.

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