Non-Destructive Testing Market worth 6.9% CAGR by 2026
" COVID-19 Impact on Non-Destructive Testing market, size, share, growth, industry analysis, and forecast 2020-2026 "
Non-destructive testing is a technique of testing materials/components to discover the defects or discontinuity in material to prevent equipment failure. In addition, it is adopted to make sure the safe usage of engineering structures, product quality, and performance beyond production.
The growing oil and gas and power generation projects, specifically in the nuclear energy sector, drive the growth of the non-destructive testing market, as non-destructive testing and inspection play a significant role in running these two industries. Moreover, the rising deployment of non-destructive testing equipment in electronics, automation, and robotics industries, the high deployment of internet of things devices, and the rising demand for evaluating the health of aging assets are also driving the market growth.
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Technological advancement acts as an opportunity in the non-destructive testing market as it provides more authentic and precise testing data. Advanced technologies in the methods include eddy-current array and phased array ultrasonic, facilitating better ways of depicting data and producing inspection reports of advanced value to consumers. Other factors such as the significance of non-destructive testing in the decay of the aging infrastructures and the expansion of infrastructural developments in developing countries generate lucrative opportunities for the market.
The Non-Destructive Testing Market research report titled “Non-Destructive Testing Market by Offering, Testing Method, Vertical and Geography -Global Forecast up to 2026.”
The leading competitors of the non-destructive testing market are General Electric, Bosello High Technology srl, Olympus Corporation, Cygnus Instruments Ltd., and T.D. Williamson Inc.
As North America is leading the market share, on the other hand, the Asia Pacific region has the highest growth rate in the non-destructive testing market. Owing to the expanding infrastructural developments and Asia Pacific region, countries are manufacturing defense aircraft.
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The report consists of 103 Tables and 69 charts depicting the in-depth market study and the impact analysis of COVID-19. View detailed TOC here.
Non-Destructive Testing Market based on Offering
- Non-destructive Testing Services
- Non-destructive Testing Equipment
Non-Destructive Testing Market based on Testing Method
- Visual Testing
- Magnetic Particle Testing
- Liquid Penetrant Testing
- Eddy Current Testing
- Ultrasonic Testing
- Radiographic Testing
Non-Destructive Testing Market based on Vertical
- Oil & Gas
- Aerospace and Defense
- Power Generation
Non-Destructive Testing Market based on Geography
- North America
- Asia Pacific
- Rest of the World