NON-DESTRUCTIVE TESTING MARKET ANALYSIS

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

Published In : Apr 2024
Code : CMI5350
Pages :165
Formats :
Excel and PDF
Industry : Semiconductors

Market Challenges: Lack of standardization

Traditional non-destructive testing methods can be time-consuming and expensive, hindering market growth. Additionally, a lack of standardization makes it difficult to compare results across different techniques. Younger generations also show less interest in industrial careers, creating skills shortages for specialized testing roles. Strict regulations surrounding certain applications, for aerospace and oil and gas, drive up costs. Additionally, intellectual property issues around new technologies hamper innovation.

Market Opportunities: Growing demand for inspection and maintenance of aging critical infrastructure

The growing demand for the inspection and maintenance of aging critical infrastructure will drive market expansion. Advancements in digitalization and automated inspection offer significant efficiency gains. This includes the integration of non-destructive testing into additive manufacturing workflows. The market is also seeing increasing adoption of remote and portable testing solutions. New applications in fields such