The non-destructive testing market is estimated to be valued at US$ 17.33 Bn in 2024 and is expected to reach US$ 33.21 Bn by 2031, growing at a compound annual growth rate (CAGR) of 9.7% from 2024 to 2031.

Report Description:

Non-Destructive Testing (NDT) refers to a wide range of analysis techniques used in science and industry to evaluate the properties of a material, component, or system without causing damage. It is a group of analysis techniques used in industry to evaluate the properties of materials or components without causing damage. It includes methods such as ultrasonic, radiographic, liquid penetrant, magnetic particle, eddy-current, acoustic emission, and visual testing. NDT allows manufacturers to assess materials and components without compromising their integrity. Additionally, NDT methods help detect internal imperfections or discontinuities which are not normally visible. This has made NDT methods increasingly useful in the manufacturing sector across various industries including oil and gas, aerospace, automotive, etc. for quality control and assurance.

Market Dynamics:

The non-destructive testing market is driven by growing infrastructure development activities across various industries globally. Rising needs for quality control and assurance is a major driver as NDT helps manufacturers detect internal defects in materials and components non-invasively. Moreover, stringent safety and quality regulations especially in industries like oil & gas and aerospace are boosting the adoption of advanced NDT technologies. However, high costs associated with NDT equipment and skilled workforce required to operate such equipment poses a challenge for smaller businesses. On the other hand, growing focus on predictive maintenance and condition monitoring using techniques like ultrasonic and acoustic emission provides lucrative opportunities for market players. Additionally, rapid industrialization and manufacturing activities in developing nations also augments growth prospects for the Non-Destructive Testing (NDT) market.

Key Features of the Study:

• This report provides an in-depth analysis of the global non-destructive testing market, and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2024–2031), considering 2023 as the base year.
• It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global non-destructive testing market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study include Previan Technologies, Inc., Bureau Veritas, Fischer Technology Inc. (Helmut Fischer), MISTRAS Group, Comet Group (YXLON International), MME Group, TWI Ltd., Nikon Corporation, Olympus Corporation, Sonatest, Acuren, Intertek Group plc, CREAFORM, Vidisco Ltd., SGS S.A., and General Electric.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• The global non-destructive testing market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global non-destructive testing market.

Detailed Segmentation-

• By Offering
  • Equipment
  • Service
• By Technique
  • Ultrasonic Testing
  • Visual Inspection Testing
  • Magnetic Particle Testing
  • Liquid Penetrant Testing
  • Eddy-Current Testing
  • Radiographic Testing
  • Acoustic Emission Testing
  • Others
•  By Vertical
  • Manufacturing
  • Oil & Gas
  • Aerospace
  • Public Infrastructure
  • Automotive
  • Power Generation
  • Others
• By Regional
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa

Key Players

• Previan Technologies, Inc.
• Bureau Veritas
• Fischer Technology Inc. (Helmut Fischer)
• MISTRAS Group
• Comet Group (YXLON International)
• MME Group
• TWI Ltd.
• Nikon Corporation
• Olympus Corporation
• Sonatest
• Acuren
• Intertek Group plc
• CREAFORM
• Vidisco Ltd.
• SGS S.A.
• General Electric