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NDT.net Issue - 2016-02 - NEWS

Non Destructive Testing (NDT) Market by Method (UT, RT, LPT, MPT, ECT, VI), End-User (Aerospace & Defense, Power Generation, Infrastructure, Oil & Gas, Automotive), Technique, Application & Region (G7, BRICS, RoW) – Global Forecast to 2020


MarketsandMarkets17, Pune, MH [India]
NEWS  
NDT.net Journal
Issue: 2016-02
The non-destructive testing market is estimated to be valued at USD 12.98 Billion in 2015 and is projected to reach USD 18.88 Billion by 2020, at a CAGR of 7.78% from 2015 to 2020. Years considered for this study are 2014 as the base year and the projections are made up to 2020.

This report provides qualitative and quantitative information about the global NDT market. It identifies the market application gaps, emerging technologies, the need for new product launches, and high potential geographic regions and countries. It also provides a segmentation of the market, tracking the market size, market share, revenue projections, and financial portfolio, covering a broad spectrum of the different methods, end-user, applications, and techniques of NDT industry.

NDT is considered a basic need in industries such as aerospace, oil & gas, petroleum, and construction, among others. Innovations in the NDT equipment market have increased commercially after the introduction of advanced X-ray equipment such as micro focus X-ray tools, integrated X-ray equipment, glass X-ray tubes with window, radiation shielded X-ray equipment, and so on. Furthermore, the forecast period offers huge growth potential for technologies such as computed tomography, phased array ultrasonic testing, and data management tools as these techniques are more efficient in terms of deriving accurate results.

The research methodology used to estimate and forecast the NDT market begins with capturing data on key NDT equipment revenues through secondary research. The NDT service offerings are also taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the overall market size of the global NDT market from the revenue of the key players in the market. After arriving at the overall market size, the total market was split into several segments and sub-segments which are then verified through primary research by conducting extensive interviews with key people such as CEOs, VPs, Directors and executives. This data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and sub-segments. The breakdown of profiles of primary is depicted in the below figure:

Nondestructive

The ecosystem of the NDT market comprises oil exploration industry, oil refineries, aerospace industry, construction industry, inspection service providers, and non-destructive testing facilities among other.

This report would help the NDT component supplier, NDT service providers, safety and regulatory authorities to identify hot revenue pockets in this market.

Target Audience for this Report:

  • NDT Equipment Manufacturers
  • Original Equipment Manufacturers (OEMs)
  • Software Solution Providers
  • Component Suppliers
  • Aerospace & Defense Industry
  • Turbine, Ship Hull, and Aircraft Manufacturers
  • Automotive Industry
  • Oil & Gas Industry
  • Infrastructure Industry
  • Power Plants

    Study answers several questions for the stakeholders, primarily which market segments to focus in next two to five years for prioritizing the efforts and investments.

    Scope of the Report

    This research report categorizes the NDT market into the following segments and sub-segments:

    Global NDT Market, By Method

  • Ultrasonic testing
  • Radiography testing
  • Liquid Penetrant testing
  • Magnetic particle testing
  • Eddy-current testing
  • Visual inspection

    Global NDT Market, By End-User

  • Aerospace & Defense industry
  • Automotive industry
  • Oil & gas industry
  • Infrastructure Industry
  • Power generation industry

    Global NDT Market, By Technique

  • Surface Examination technique
  • Volumetric Examination Technique
  • Condition Monitoring technique
  • Integrity Examination technique
  • Other non-destructive techniques Global NDT Market, By Application
  • Flaw detection
  • Leak detection
  • Dimensional measurement
  • Estimation of physical properties
  • Chemical Composition Determination
  • Stress & Structure Analysis

    Global NDT Market, By Geography

  • G7 Nations
  • U.S.
  • Canada
  • Japan
  • Italy
  • France
  • Germany
  • U.K.


  • BRICS
  • Brazil
  • Russia
  • India
  • China
  • South Africa
  • U.K.


  • Rest of the World
  • South Korea
  • Saudi Arabia
  • Others

    Available Customizations

    With the given market data, MarketsandMarkets offers customizations as per specific needs of a company. The following customization options are available for the report:

    Geographic Analysis

  • Further breakdown of the Rest of the World Market into Malaysia, and New Zealand, among others

    Company Information

  • Detailed analysis and profiling of additional market players (Up to 5)

    By: marketsandmarkets.com
    Publishing Date: January 2016
    Report Code: AS 2320

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    2016-09-01: Ultrasonic Testing Market worth 3.93 Billion USD by 2022
    2016-09-01: NDT Services Market by Testing Technique (Ultrasonic, Radiographic, Eddy Current, Magnetic particle, Acoustic Emission, Terahertz Imaging), Type (Inspection, Renting, Training, Calibration), Vertical, & Geography - Global Forecast to 2022
    2016-01-01: Industrial Radiography Market worth 539.0 Million USD by 2020
    All 17 Articles & News of MarketsandMarkets in NDT.net


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