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Ultrasonic Non-Destructive Testing (NDT) Market Share

Report ID: GMI9018
Published Date: Apr 2024
Report Format: PDF

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Ultrasonic Non-Destructive Testing Market Share

Bureau Veritas and TEAM Industrial Services dominate the market with around 10% market share. Bureau Veritas designs customized ultrasonic NDT solutions for various sectors like aerospace, automotive, oil and gas, and manufacturing, addressing unique industry challenges and regulatory mandates to fulfill clients' varied requirements. Additionally, they offer certification and compliance services to verify that clients' equipment, components, and structures align with industry norms and regulations, thereby improving safety, dependability, and adherence to relevant standards.

TEAM Industrial Services places paramount importance on safety and quality assurance during ultrasonic NDT operations, enforcing stringent safety protocols, quality control procedures, and compliance with industry standards and best practices to uphold the reliability and integrity of inspection outcomes.

Ultrasonic Non-Destructive Testing Market Companies

Major companies operating in the ultrasonic non-destructive testing (NDT) industry are:

Applus+
Bureau Veritas
Eddyfi NDT Inc.
Intertek Group PLC
Mistras Group
Olympus Corporation
SGS
TEAM Industrial Services
TUV Nord
TUV Rheinland

Authors: Preeti Wadhwani, Aishwarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of ultrasonic non-destructive testing (NDT) recorded USD 3.8 billion in 2023 and is set to depict over 13% CAGR from 2024 to 2032, due to the increasing adoption of continuous monitoring techniques to prevent sudden failure across various industries.

The volumetric inspection method segment is estimated to exceed USD 5 billion by 2032, on account of its essential role in ensuring the safety and dependability of equipment and infrastructures.

Europe market accounted for 34% revenue share in 2023, owing to the strong manufacturing base, high quality requirements, and growing emphasis on industrial safety and asset integrity.

Applus+, Bureau Veritas, Eddyfi NDT Inc., Intertek Group PLC, Mistras Group, Olympus Corporation, SGS, TEAM Industrial Services, TUV Nord, and TUV Rheinland are some of the major ultrasonic NDT companies worldwide.