Non-Destructive Testing and Inspection Market Research Report: By Offering (Services, Equipment), Method (Visual Testing, Magnetic Particle Testing, Liquid Penetrant Testing, Eddy Current Testing, Ultrasonic Testing, Radiographic Testing), Industry (Oil & Gas, Manufacturing, Aerospace & Defense, Construction, Automotive) - Global Industry Analysis and Growth Forecast to 2030

Market Overview

The global non-destructive testing (NDT) and inspection market generated revenue of ~$9 billion in 2020 and is growing at a significant pace. The stringent government regulations regarding product quality and public safety and growing construction sector are some of the key factors boosting the advance of the non-destructive testing and inspection market.

However, the current COVID-19 pandemic has negatively impacted the market for NDT and inspection solutions. Sales of NDT and inspection equipment and services to key verticals, such as oil & gas and aerospace, declined by 10–15% in 2020. The decline in the number of oil & gas exploration projects, temporary shutdown of production facilities, and reduction of oil prices have affected the growth of the market.

Ultrasonic Testing Technique To Dominate Market during Forecast Period

The ultrasonic testing technique is projected to dominate the market till 2030, based on method. Ultrasonic testing is a versatile NDT method offering accurate detection of defects in materials, which is why its usage in various industries is increasing. In this method, high-frequency sound waves are used to detect defects in metals, plastics, composites, and ceramics.

Due to Introduction of Advanced NDT Services, Manufacturing Industry Vertical Is Expected To Witness Fastest Growth

The manufacturing category is expected to witness the fastest growth during the forecast in the non-destructive testing and inspection market, on the basis of industry. This can be mainly ascribed to the introduction of integrated testing solutions, which can be enhanced to inspect large components and/or welds across a range of manufacturing applications, during or immediately after the manufacturing process.

Growing Construction Sector Is Expected To Positively Impact Asia-Pacific (APAC) Market

Globally, APAC is likely to be the fastest-growing region in the non-destructive testing and inspection market due to the growth in infrastructure development and automation in the manufacturing industry of countries such as India and China. Construction projects and industries such as oil & gas and aerospace & defense require these testing methods in order to ensure the safety of employees and quality of the work. NDT can help protect equipment and staff, while also assisting organizations in following the set regulations and requirements.

In this regard, the Make in India campaign promoted by the government and the large number of smart city projects provide opportunities to the players in the non-destructive testing and inspection market. Within APAC, India is expected to grow at the highest CAGR during the forecast period.

Adoption of Internet of Things (IoT) Devices Is Key Trend in Market

The integration of IoT with NDT and inspection systems is a major trend in the market. IoT is expected to enhance the NDT and inspection procedures conducted at regular intervals during an object’s lifetime. In addition, methods such as condition monitoring, will allow embedded sensors to take measurements continuously. Moreover, such technologically advanced instruments make use of secure cloud storage solutions to back up the collected data in real time. In combination with wireless communication through either a cellular network or WLAN, coupled with the integration of connected solutions, IoT is expected to become a powerful tool to immediately share NDT and inspection data with collaborating partners or distribute reports to external parties.

Growing Construction Activities Are Expected To Support Market Growth

With the growing urbanization and demand for new-age infrastructure, especially in developing countries, the construction industry has been booming. Countries such as India, China, Brazil, and Mexico account for the majority of the worldwide construction spending. Several construction projects, including those for major upcoming sporting events, skyscrapers, hotels, and shopping complexes, are underway in these countries. For instance, the hospitality industry in the APAC region registered a 12% growth in the construction pipeline from 2017 to 2018. APAC, excluding China, has a total of 1,673 hotel construction projects in the pipeline.

Here, NDT and inspection can detect and assist in the repair of cracks and corrosion before any real damage occurs, thus preventing a bridge or road closure or a potential catastrophic failure. Infrastructure inspection and structural health monitoring are vastly performed in the sector, which continues to benefit the market advance.

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Market Players Involved in Launch of New Products and Services to Gain Significant Position

In recent years, players in the global non-destructive testing and inspection market have been actively involved in launching new products and services.

• In March 2021, Nikon Corporation announced a new X-ray/CT system with five features: rotating target 2.0, local calibration, auto filament control, quick change, and half-turn computed tomography (CT). The system has increased efficiency and suitability for a wide range of applications, from a museum laboratory and research and development (R&D) departments to the factory floor. The X-ray/CT system enables non-destructive inspection of and measurements in both the exterior and interior of a sample.

Key Players in Non-Destructive Testing and Inspection Market Include:

Market Size Breakdown by Segments

The non-destructive testing and inspection market report offers comprehensive market segmentation analysis along with market estimation for the period 2015-2030.

Based on Offering

• Services
• Equipment

Based on Method

• Visual Testing
  • General visual inspection
  • Aided visual inspection
• Magnetic Particle Testing
• Liquid Penetrant Testing
• Eddy Current Testing
• Ultrasonic Testing
  • Straight-beam testing
  • Angle-beam testing
  • Immersion ultrasound testing
• Radiographic Testing

Based on Industry

• Oil & Gas
• Manufacturing
• Aerospace & Defense
• Construction
• Automotive

Geographical Analysis

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Spain
• Asia-Pacific (APAC)
  • Japan
  • China
  • India
  • Australia
  • South Korea
• Latin America (LATAM)
  • Brazil
  • Mexico
• Middle East and Africa (MEA)
  • Saudi Arabia
  • South Africa

Market Segment Analysis of Countries

• Further breakdown of the 16 listed countries will be provided as per below segmentation:
  • By offering
  • By method
  • By industry