DUBLIN--(BUSINESS WIRE)--The "Non-Destructive Testing (NDT) Services - Market Analysis, Trends, and Forecasts" report has been added to ResearchAndMarkets.com's offering.
Non-Destructive Testing (NDT) Services market worldwide is projected to grow by US$4.1 Billion, guided by a compounded growth of 7.7%.
Staying on top of trends is essential for decision makers to leverage this emerging opportunity. The report addresses this very need and provides the latest scoop on all major market segments.
Visual Inspection Testing (VT), one of the segments analyzed and sized in this study, displays the potential to grow at over 7.7%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$1.1 Billion by the year 2025, Visual Inspection Testing (VT) will bring in healthy gains adding significant momentum to global growth.
While global megatrends sweeping through the market influence the primary direction of growth, regional markets are swayed by more granular locally unique business drivers. Representing the developed world, the United States will maintain a 6.6% growth momentum.
Within Europe, which continues to remain an important element in the world economy, Germany will add over US$161.6 Million to the region's size and clout in the next 5 to 6 years. Over US$344.6 Million worth of projected demand in the region will come from other emerging Eastern European markets.
In Japan, Visual Inspection Testing (VT) will reach a market size of US$66.4 Million by the close of the analysis period. As the world's second largest economy and the new game changer in global markets, China exhibits the potential to grow at 11.1% over the next couple of years and add approximately US$1.1 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders.
Key Topics Covered
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Market Primer
- NDT for Timely Evaluation of Damage to Structures
- NDT Extensively Uses in Oil & Gas Sector
- Asia-Pacific: The Fastest Growing Region
INNOVATIONS AND ADVANCEMENTS
- Sensor-Based Monitoring: Innovative NDT
- Application of Advanced NDT Technology in Assessment of Pressure Vessels
PRODUCT OVERVIEW
- Non-destructive Testing (NDT) Services
- Techniques and Methods of NDT
- Visual Inspection Testing (VT)
- Magnetic Particle Testing (MPT)
- Liquid Penetrant Testing (LPT)
- Eddy Current Testing (ECT)
- Ultrasonic Testing (UT)
- Radiographic Testing (RT)
- Acoustic Emission Testing (AET)
- Terahertz Imaging (THZ Imaging)
- Global Competitor Market Shares
- Non-Destructive Testing (NDT) Services Competitor Market Share Scenario Worldwide (in %): 2019 & 2022
Global Competitor Market Shares by Segment
- Power Generation (Technique) Global Competitor Market Share Positioning for 2019 & 2022
- Equipment Rental Services (Technique) Market Share Breakdown of Key Players: 2019 & 2022
- Acoustic Emission Testing (Technique) Competitor Revenue Share (in %): 2019 & 2022
- Aerospace (Technique) Market Share Shift by Company: 2019 & 2022
- Terahertz Imaging (Technique) Global Competitor Market Share Positioning for 2019 & 2022
- Government Infrastructure and Public Safety (Technique) Market Share Breakdown of Key Players: 2019 & 2022
- Service Type (Technique) Competitor Revenue Share (in %): 2019 & 2022
- THZ Imaging (Technique) Market Share Shift by Company: 2019 & 2022
- Inspection Services (Technique) Global Competitor Market Share Positioning for 2019 & 2022
- Calibration Services (Technique) Market Share Breakdown of Key Players: 2019 & 2022
- Training Services (Technique) Competitor Revenue Share (in %): 2019 & 2022
- Manufacturing (Technique) Market Share Shift by Company: 2019 & 2022
- End-Use Application (Technique) Global Competitor Market Share Positioning for 2019 & 2022
- AET (Technique) Market Share Breakdown of Key Players: 2019 & 2022
- Oil & Gas (Technique) Competitor Revenue Share (in %): 2019 & 2022
- Automotive (Technique) Market Share Shift by Company: 2019 & 2022
- Acoustic Emission Testing (AET) (Technique) Global Competitor Market Share Positioning for 2019 & 2022
- Eddy Current Testing (ECT) (Technique) Market Share Breakdown of Key Players: 2019 & 2022
- Liquid Penetrant Testing (LPT) (Technique) Competitor Revenue Share (in %): 2019 & 2022
- Magnetic Particle Testing (MPT) (Technique) Market Share Shift by Company: 2019 & 2022
- Radiographic Testing (RT) (Technique) Global Competitor Market Share Positioning for 2019 & 2022
- Terahertz Imaging (THZ Imaging) (Technique) Market Share Breakdown of Key Players: 2019 & 2022
- Ultrasonic Testing (UT) (Technique) Competitor Revenue Share (in %): 2019 & 2022
- Visual Inspection Testing (VT) (Technique) Market Share Shift by Company: 2019 & 2022
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- In spite of Increase in Use of Advanced NDT Equipment, Market Restrained by Lack of Skilled Professionals
- NDT Highly Effective in Detecting Imperfections in Aerospace Materials
- Non-Destructive Testing for Safety of Critical Nuclear Installations
- Stringent Standards and Challenging Environment Promote NDT in Oil & Gas Industry
- Standards in USA NDT Industry
- The American Society for Nondestructive Testing, Inc. (ASNT)
- ASTM International
- Aerospace Industries Association (AIA)
- European Federation for Non-Destructive Testing
- Australia: Civil Aviation Order 100.27 (Non-Destructive Testing Authorities) Instrument 2015
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
UNITED STATES
- Market Facts & Figures
- US NDT Services Market Share (in %) by Company: 2019 & 2022
- Power Generation (Technique) Market Share Analysis (in %) of Leading Players in the US for 2019 & 2022
- Equipment Rental Services (Technique) Competitor Revenue Share (in %) in the US: 2019 & 2022
- Acoustic Emission Testing (Technique) Market Share Breakdown (in %) of Major Players in the US: 2019 & 2022
- Aerospace (Technique) Market in the US: Percentage Breakdown of Revenues by Company for 2019 & 2022
- Terahertz Imaging (Technique) Competitor Market Share Breakdown (in %) in the US for 2019 & 2022
- Government Infrastructure and Public Safety (Technique) Market: Revenue Share Breakdown (in %) of Key Players in the US: 2019 & 2022
- Service Type (Technique) Market Share Analysis (in %) of Leading Players in the US for 2019 & 2022
- THZ Imaging (Technique) Competitor Revenue Share (in %) in the US: 2019 & 2022
- Inspection Services (Technique) Market Share Breakdown (in %) of Major Players in the US: 2019 & 2022
- Calibration Services (Technique) Market in the US: Percentage Breakdown of Revenues by Company for 2019 & 2022
- Training Services (Technique) Competitor Market Share Breakdown (in %) in the US for 2019 & 2022
- Manufacturing (Technique) Market: Revenue Share Breakdown (in %) of Key Players in the US: 2019 & 2022
- End-Use Application (Technique) Market Share Analysis (in %) of Leading Players in the US for 2019 & 2022
- AET (Technique) Competitor Revenue Share (in %) in the US: 2019 & 2022
- Oil & Gas (Technique) Market Share Breakdown (in %) of Major Players in the US: 2019 & 2022
- Automotive (Technique) Market in the US: Percentage Breakdown of Revenues by Company for 2019 & 2022
- Acoustic Emission Testing (AET) (Technique) Competitor Market Share Breakdown (in %) in the US for 2019 & 2022
- Eddy Current Testing (ECT) (Technique) Market: Revenue Share Breakdown (in %) of Key Players in the US: 2019 & 2022
- Liquid Penetrant Testing (LPT) (Technique) Market Share Analysis (in %) of Leading Players in the US for 2019 & 2022
- Magnetic Particle Testing (MPT) (Technique) Competitor Revenue Share (in %) in the US: 2019 & 2022
- Radiographic Testing (RT) (Technique) Market Share Breakdown (in %) of Major Players in the US: 2019 & 2022
- Terahertz Imaging (THZ Imaging) (Technique) Market in the US: Percentage Breakdown of Revenues by Company for 2019 & 2022
- Ultrasonic Testing (UT) (Technique) Competitor Market Share Breakdown (in %) in the US for 2019 & 2022
- Visual Inspection Testing (VT) (Technique) Market: Revenue Share Breakdown (in %) of Key Players in the US: 2019 & 2022
CANADA
JAPAN
CHINA
EUROPE
- Market Facts & Figures
- European NDT Services Market: Competitor Market Share Scenario (in %) for 2019 & 2022
- Power Generation (Technique) Market Share (in %) by Company in Europe: 2019 & 2022
- Equipment Rental Services (Technique) Market Share (in %) of Major Players in Europe: 2019 & 2022
- Acoustic Emission Testing (Technique) Competitor Market Share Analysis (in %) in Europe: 2019 & 2022
- Aerospace (Technique) Market in Europe: Competitor Revenue Share Shift (in %) for 2019 & 2022
- Terahertz Imaging (Technique) Competitor Market Share (in %) Positioning in Europe for 2019 & 2022
- Government Infrastructure and Public Safety (Technique) Key Player Market Share Breakdown (in %) in Europe: 2019 & 2022
- Service Type (Technique) Market Share (in %) by Company in Europe: 2019 & 2022
- THZ Imaging (Technique) Market Share (in %) of Major Players in Europe: 2019 & 2022
- Inspection Services (Technique) Competitor Market Share Analysis (in %) in Europe: 2019 & 2022
- Calibration Services (Technique) Market in Europe: Competitor Revenue Share Shift (in %) for 2019 & 2022
- Training Services (Technique) Competitor Market Share (in %) Positioning in Europe for 2019 & 2022
- Manufacturing (Technique) Key Player Market Share Breakdown (in %) in Europe: 2019 & 2022
- End-Use Application (Technique) Market Share (in %) by Company in Europe: 2019 & 2022
- AET (Technique) Market Share (in %) of Major Players in Europe: 2019 & 2022
- Oil & Gas (Technique) Competitor Market Share Analysis (in %) in Europe: 2019 & 2022
- Automotive (Technique) Market in Europe: Competitor Revenue Share Shift (in %) for 2019 & 2022
- Acoustic Emission Testing (AET) (Technique) Competitor Market Share (in %) Positioning in Europe for 2019 & 2022
- Eddy Current Testing (ECT) (Technique) Key Player Market Share Breakdown (in %) in Europe: 2019 & 2022
- Liquid Penetrant Testing (LPT) (Technique) Market Share (in %) by Company in Europe: 2019 & 2022
- Magnetic Particle Testing (MPT) (Technique) Market Share (in %) of Major Players in Europe: 2019 & 2022
- Radiographic Testing (RT) (Technique) Competitor Market Share Analysis (in %) in Europe: 2019 & 2022
- Terahertz Imaging (THZ Imaging) (Technique) Market in Europe: Competitor Revenue Share Shift (in %) for 2019 & 2022
- Ultrasonic Testing (UT) (Technique) Competitor Market Share (in %) Positioning in Europe for 2019 & 2022
- Visual Inspection Testing (VT) (Technique) Key Player Market Share Breakdown (in %) in Europe: 2019 & 2022
ASIA-PACIFIC
LATIN AMERICA
MIDDLE EAST
AFRICA
IV. COMPETITION
V. CURATED RESEARCH
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