The increase in manufacturing activities amongst the emerging and the developed nations are projected to drive the non-destructive testing market over the estimated period. Moreover, technological innovations have controlled advanced non-destructive testing processes with enhanced fault detection and safety. Also, growing awareness amongst the manufacturers regarding non-destructive testing is anticipated to expand the penetration of NDT techniques over the estimated period. Projects deploying non-destructive testing techniques are accomplished in a lesser amount of time due to fault detection at complex locations and irregular surfaces. Therefore, considerably reducing the possibility of failures, which, in turn, is expected to fuel their demand over the estimated period. Also, the efficiency of fault detection and the ease of operating ultrasonic equipment, compared to other non-destructive testing equipment, are the main reasons leading to the growing deployment of the ultrasonic test method. The Non-Destructive Testing Market is expected to grow at the rate of 6.9% CAGR by 2026.

Research Methodology:

The Non-Destructive Testing Market has been analyzed by utilizing the optimum combination of secondary sources and in-house methodology and a unique balance of primary insights. The real-time valuation of the market is an integral part of our forecasting and market sizing methodology. Industry experts and our primary participants have helped to compile related aspects with accurate parametric estimations for a complete study. The primary participants share is given below:

Non-Destructive Testing Market by Vertical

• Oil & Gas
• Manufacturing
• Aerospace and Defense
• Construction
• Automotive
• Power Generation
• Others

Non-Destructive Testing Market by Test Method

• Visual Testing
• Magnetic Particle Testing
• Liquid Penetrant Testing
• Eddy Current Testing
• Ultrasonic Testing
• Radiographic Testing

Non-Destructive Testing Market by Offering

• Non-destructive Equipment
• Non-destructive Testing Services

Non-Destructive Testing Market by Geography

• North America
• Europe
• Asia Pacific
• Rest of the World

The test ultrasonic testing method segment is anticipated to rise as the fastest-growing test method segment in the non-destructive testing market. This development is qualified for the growing implementation of ultrasonic detectors in manufacturing processes. These ultrasonic detectors are portable, easy to use, and exact results compared to traditional non-destructive testing techniques. The adoption of ultrasonic testing is refining rapidly and is anticipated to expand over the estimated period.

The high upfront cost of non-destructive equipment, joined with technical difficulties complicated in their deployment/installation, is the major reason influencing end-users to outsource their non-destructive testing operations. In addition, a lack of an expert workforce to perform non-destructive testing is another factor limiting new installations of non-destructive testing equipment internationally. Stringent government regulations regarding work safety are supplementary influencing end-users to outsource their non-destructive testing operations to third-party service providers.

Based on vertical non-destructive testing has been customarily used broadly in oil and gas applications. Test methods like ultrasonic and eddy current have been used to detect cracks in the pipes, both underground and elevated. But with growing awareness, non-destructive testing techniques are being deployed in various applications like defense, aerospace, and automotive manufacturing.

Furthermore, power generation using shale oil in the U.S. and Canada is anticipated to impact the development rate in the region positively. Besides, the rising emphasis on non-destructive testing to avoid unanticipated failures of systems is anticipated to drive the regional market.

This report gives the profiles of companies leading the Non-Destructive Testing market: General Electric, Nikon Metrology NV, Olympus Corp, Mistras Group, Yxlon International GmbH; Sonatest Ltd, Eddyfi Technologies; Zetec Inc. Fischer Technologies Inc.; and Ashtead Technology Ltd.

• This report offers an overall analysis of the Non-Destructive Testing market growth drivers, restraints.
• This report represents the market developments, such as new product launches, mergers and acquisitions, diversification, and joint ventures of the market players.
• This report also describes all potential segments and sub-segments present in the market to help the companies in strategic business planning.
• This report also gives the regional analysis of the Non-Destructive Testing market in terms of market penetration across the world.

1. Executive Summary
2. Industry Outlook
   1. Industry Overview
   2. Industry Trends
3. Market Snapshot
   1. Market Definition
   2. Market Outlook
      1. Porter Five Forces
   3. Related Markets
4. Market characteristics
   1. Market Overview
   2. Market Segmentation
   3. Market Dynamics
      1. Drivers
      2. Restraints
      3. Opportunities
   4. DRO - Impact Analysis
5. Offering: Market Size & Analysis
   1. Overview
   2. Non-destructive Testing Services
   3. Non-destructive Testing Equipment
6. Testing Method: Market Size & Analysis
   1. Overview
   2. Visual Testing
   3. Magnetic Particle Testing
   4. Liquid Penetrant Testing
   5. Eddy Current Testing
   6. Ultrasonic Testing
   7. Radiographic Testing
7. Vertical: Market Size & Analysis
   1. Overview
   2. Oil & Gas
   3. Manufacturing
   4. Aerospace and Defense
   5. Construction
   6. Automotive
   7. Power Generation
   8. Others
8. Geography: Market Size & Analysis
   1. Overview
   2. North America
   3. Europe
   4. Asia Pacific
   5. Rest of the World
9. Competitive Landscape
   1. Competitor Comparison Analysis
   2. Market Developments
      1. Mergers and Acquisitions, Legal, Awards, Partnerships
      2. Product Launches and execution
10. Vendor Profiles
    1. General Electric
       1. Overview
       2. Financial Overview
       3. Product Offerings
       4. Developments
       5. Business Strategy
    2. Bosello High Technology SRL
       1. Overview
       2. Financial Overview
       3. Product Offerings
       4. Developments
       5. Business Strategy
    3. Olympus Corporation
       1. Overview
       2. Financial Overview
       3. Product Offerings
       4. Developments
       5. Business Strategy
    4. Cygnus Instruments Ltd.
       1. Overview
       2. Financial Overview
       3. Product Offerings
       4. Developments
       5. Business Strategy
    5. T.D. Williamson Inc.
       1. Overview
       2. Financial Overview
       3. Product Offerings
       4. Developments
       5. Business Strategy
    6. Fischer Technology Inc.
       1. Overview
       2. Financial Overview
       3. Product Offerings
       4. Developments
       5. Business Strategy
    7. YXLON International
       1. Overview
       2. Financial Overview
       3. Product Offerings
       4. Developments
       5. Business Strategy
    8. Sonatest
       1. Overview
       2. Financial Overview
       3. Product Offerings
       4. Developments
       5. Business Strategy
    9. MISTRAS Group
       1. Overview
       2. Financial Overview
       3. Product Offerings
       4. Developments
       5. Business Strategy
    10. Nikon Metrology
        1. Overview
        2. Financial Overview
        3. Product Offerings
        4. Developments
        5. Business Strategy
11. Companies to Watch
    1. Ashtead Technology
       1. Overview
       2. Products & Services
       3. Business Strategy
    2. Zetec, Inc.
       1. Overview
       2. Products & Services
       3. Business Strategy
    3. Eddyfi
       1. Overview
       2. Products & Services
       3. Business Strategy
    4. Magnaflux
       1. Overview
       2. Products & Services
       3. Business Strategy
12. Analyst Opinion
13. Annexure
    1. Report Scope
    2. Market Definitions
    3. Research Methodology
       1. Data Collation and In-house Estimation
       2. Market Triangulation
       3. Forecasting
    4. Report Assumptions
    5. Declarations
    6. Stakeholders
    7. Abbreviations