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Non-Destructive Testing (NDT) Market Trends

  • Report ID: GMI3201
  • Published Date: Sep 2024
  • Report Format: PDF

Non-Destructive Testing Market Trends

Innovations in NDT technologies, such as advanced ultrasonic testing, radiographic imaging, and digital eddy current testing, have revolutionized the industry. These advancements improve the accuracy, efficiency, and speed of inspections, enabling real-time defect detection and minimizing human error. Advanced technologies, including automated and robotic systems, enhance inspection capabilities and reduce the need for manual intervention. Additionally, the integration of artificial intelligence (AI) and machine learning into NDT systems further enhances their effectiveness by enabling predictive maintenance and advanced data analysis. As industries demand higher standards of safety and quality, the adoption of these advanced technologies becomes crucial.
 

To meet the growing demand for NDT major players are continuously focusing on the introduction of new services in the market. For instance, In June 2022, Applus+ launched the RTD Rayscan technology for detecting discontinuities during the validation exercise, proving its ability to consistently and reliably detect the defects. Through this technology clients can evaluate the competency of technology and tooling and its capacity to perform examinations. Additionally, the continuous evolution of NDT methods drives market growth by expanding application areas and meeting the increasing demands for precise and reliable inspection solutions.
 

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of non-destructive testing (NDT) reached USD 10.7 billion in 2023 and is set to record a CAGR of over 10.5% between 2024 and 2032, driven by the expansion of urban areas and the emphasis on maintaining aging infrastructure.

The ultrasonic inspection segment is expected to be worth USD 11 billion by 2032, due to improved accuracy, higher resolution, and greater penetration depth.

Asia pacific region held around 30% market share in 2023, driven by the rapid industrialization and infrastructure development.

Applus+, Bureau Veritas, Mistras Group, NDT Global GmbH & Co. KG, Olympus Corporation, SGS, TEAM Industrial Services, TUV Nord, TUV Rheinland, and Zetec Inc.

Non-Destructive Testing (NDT) Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 340
  • Countries covered: 25
  • Pages: 230
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