Publishing: September 2021 | Report Code: CM12235 | Available Format: PDF
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.
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.
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.
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.
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.
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.
|Base Year (2020) Market Size||~$9 Billion|
|Report Coverage||Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Competitive Analysis, Companies’ Strategic Developments, Impact of COVID-19, Company Profiling|
|Market Size by Segments||By Offering, By Method, By Industry, By Region|
|Market Size of Geographies||U.S., Canada, Germany, U.K., France, Italy, Spain, China, Japan, India, Australia, South Korea, Brazil, Mexico, Saudi Arabia, South Africa|
|Secondary Sources and References (Partial List)||American Ceramic Society, American Institute of Physics, American Society for Quality Control (ASQC), American Society for Testing and Materials, American Welding Society (AWS), ASM International, Australian Institute of NDT (AINDT), British Institute of Non-Destructive Testing, Canadian Institute for Non-destructive Evaluation, German Society for NDT (DGZfP), Indian Society for Non-destructive Testing, Institute of Industrial Engineers|
In recent years, players in the global non-destructive testing and inspection market have been actively involved in launching new products and services.
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
Based on Method
Based on Industry
Market Segment Analysis of Countries
The global non-destructive testing and inspection market is booming because of the implementation of strict government regulations regarding public safety and product quality.
Asia-Pacific will be the fastest growing region in the non-destructive testing and inspection industry during 2020–2030.
The ultrasonic testing method is predicted to dominate the non-destructive testing and inspection industry in the coming years.
The market for NDT and inspection is thriving in Asia-Pacific because of the expanding construction sector in the region.
The market for NDT and inspection is segmented on the basis of offering, method, region, and industry.
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