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NDT and Inspection Market Revenue to Cross USD 21.98 Billion By 2032; Registering at a CAGR of 9.0% - Exclusive Study by Polaris Market Research

08-27-2024 07:09 AM CET | IT, New Media & Software

Press release from: Polaris Market Research & Consulting

NDT and Inspection Market

NDT and Inspection Market

NDT and Inspection Market Insights, Size Revenue, Outlook, Overview, and Analysis. The global NDT and inspection market was estimated to be worth USD 10.13 billion in 2023 and is predicted to expand to USD 21.98 billion by 2032, with a CAGR of 9.0% during the forecast period 2024-2032.

This comprehensive study provides an accurate overview of the worldwide NDT and inspection market. Comprehensive analyses of sales volume, price, revenue, market share, and important companies are included. The market is further divided into segments by technique, service, method, vertical, application, and region in the study, which offers a comprehensive picture of the state of the market.

๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐…๐จ๐ซ ๐š ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐ฐ๐ข๐ญ๐ก ๐€๐ง ๐„๐ฑ๐œ๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ž ๐‹๐จ๐จ๐ค ๐š๐ญ ๐ญ๐ก๐ž ๐‹๐š๐ญ๐ž๐ฌ๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ ๐š๐ง๐ ๐”๐ฉ๐œ๐จ๐ฆ๐ข๐ง๐  ๐€๐๐ฏ๐š๐ง๐œ๐ž๐ฆ๐ž๐ง๐ญ๐ฌ: https://www.polarismarketresearch.com/industry-analysis/ndt-and-inspection-market/request-for-sample

๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ƒ๐ž๐Ÿ๐ข๐ง๐ข๐ญ๐ข๐จ๐ง:

Non destructive testing (NDT) and inspection use analytical techniques to assess the properties of a material, component, or system without causing damage. Non-destructive testing techniques include ultrasonic examination, radiographic examination, magnetic particle examination, eddy current examination, and visual inspection. These techniques are essential in various industries such as aerospace, automotive, oil and gas, and construction as they enable the detection of flaws or abnormalities in materials and structures, ensuring safety and reliability. NDT boosts the dependability of important infrastructure and components by detecting potential issues before they become significant problems.

๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ ๐š๐ง๐ ๐“๐ซ๐ž๐ง๐๐ฌ:

โ— The increasing demand for NDT and inspection equipment and services is due to aging infrastructures and increasing maintenance requirements. Instead of replacing old infrastructure with new ones, it is more beneficial to inspect the aging assets for maintenance regularly.
โ— The primary driver of market growth is the rising awareness of safety and quality standards in various industries. The need for reliable and accurate inspection methods has significantly grown as products become more complex and essential.

๐“๐จ๐ฉ ๐‚๐จ๐ฆ๐ฉ๐š๐ง๐ข๐ž๐ฌ:

With so many businesses involved, the industry is projected to become more competitive as it continues to grow. Here are the top companies in the NDT and inspection market:
โ€ข Applus+
โ€ข Ashtead Technology
โ€ข Bureau Veritas
โ€ข Comet Group
โ€ข Eddyfi Technologies
โ€ข EVIDENT
โ€ข Fischer Technology Inc.
โ€ข General Electric
โ€ข Intertek Group plc
โ€ข Magnaflux
โ€ข MISTRAS Group
โ€ข Nikon Metrology NV
โ€ข SGS Sociรฉtรฉ Gรฉnรฉrale de Surveillance SA.
โ€ข Sonatest
โ€ข TรœV Rheinland

๐๐ž๐ž๐ ๐Œ๐จ๐ซ๐ž ๐ˆ๐ง๐Ÿ๐จ๐ซ๐ฆ๐š๐ญ๐ข๐จ๐ง? ๐ˆ๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐ฆ๐จ๐ซ๐ž ๐š๐›๐จ๐ฎ๐ญ ๐ญ๐ก๐ข๐ฌ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐›๐ž๐Ÿ๐จ๐ซ๐ž ๐ฉ๐ฎ๐ซ๐œ๐ก๐š๐ฌ๐ž: https://www.polarismarketresearch.com/industry-analysis/ndt-and-inspection-market/inquire-before-buying

๐๐ƒ๐“ ๐š๐ง๐ ๐ˆ๐ง๐ฌ๐ฉ๐ž๐œ๐ญ๐ข๐จ๐ง ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐‡๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ

โ€ข The market is projected to be led by the ultrasonic testing (UT) segment in 2023. This is primarily due to UT's adaptability, precision, and cost-efficiency.
โ€ข The manufacturing sector is expected to experience significant growth due to the increasing adoption of non-destructive testing (NDT) techniques. These techniques are being used by manufacturers to enhance their quality control processes and ensure that their products meet stringent safety and quality standards.
โ€ข The North American region was the dominant region in the global Non-Destructive Testing (NDT) and inspection market in 2023 due to the presence of well-established industries such as aerospace, automotive, and energy, which require regular NDT and inspection services to ensure the safety and quality of their products.

๐‚๐จ๐ฎ๐ง๐ญ๐ซ๐ฒ-๐–๐ข๐ฌ๐ž ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ:

According to regional analysis, in 2023, North America, which includes the United States and Canada, took the top spot as the leading region in the global non-destructive testing (NDT) and inspection market. Outsourcing NDT and inspection services to third-party providers is on the rise, driving market growth in North America.

Also, there is a significant increase in the market in the Asia Pacific region due to the growing demand for safety and quality assurance in sectors such as manufacturing, construction, oil and gas, aerospace, and automotive.

๐๐ซ๐จ๐ฐ๐ฌ๐ž ๐…๐ฎ๐ฅ๐ฅ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: https://www.polarismarketresearch.com/industry-analysis/ndt-and-inspection-market

๐๐จ๐ฅ๐š๐ซ๐ข๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐ก๐š๐ฌ ๐ฌ๐ž๐ ๐ฆ๐ž๐ง๐ญ๐ž๐ ๐ญ๐ก๐ž ๐๐ƒ๐“ ๐š๐ง๐ ๐ˆ๐ง๐ฌ๐ฉ๐ž๐œ๐ญ๐ข๐จ๐ง ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐›๐š๐ฌ๐ž๐ ๐จ๐ง ๐ญ๐ž๐œ๐ก๐ง๐ข๐ช๐ฎ๐ž, ๐ฌ๐ž๐ซ๐ฏ๐ข๐œ๐ž, ๐ฆ๐ž๐ญ๐ก๐จ๐, ๐ฏ๐ž๐ซ๐ญ๐ข๐œ๐š๐ฅ, ๐š๐ง๐ ๐š๐ฉ๐ฉ๐ฅ๐ข๐œ๐š๐ญ๐ข๐จ๐ง:

NDT and Inspection, Technique Outlook (Revenue - USD Billion, 2019 - 2032)
โ€ข Acoustic Emission Testing (AET)
โ€ข Eddy-Current Testing (ECT)
โ€ข Liquid Penetrant Testing (LPT)
โ€ข Magnetic Particle Testing (MPT)
โ€ข Radiographic Testing (RT)
โ€ข Ultrasonic Testing (UT)
โ€ข Visual Testing (VT)

NDT and Inspection, Service Outlook (Revenue - USD Billion, 2019 - 2032)
โ€ข Calibration Services
โ€ข Equipment Rental Services
โ€ข Inspection Services
โ€ข Training Services

NDT and Inspection, Method Outlook (Revenue - USD Billion, 2019 - 2032)
โ€ข Surface Inspection
โ€ข Visual Inspection
โ€ข Volumetric Inspection
โ€ข Others

NDT and Inspection, Vertical Outlook (Revenue - USD Billion, 2019 - 2032)
โ€ข Aerospace
โ€ข Automotive
โ€ข Manufacturing
โ€ข Oil & Gas
โ€ข Power Generation
โ€ข Public Infrastructure
โ€ข Others

NDT and Inspection, Application Outlook (Revenue - USD Billion, 2019 - 2032)
โ€ข Chemical Composition Determination
โ€ข Dimensional Measurement
โ€ข Flaw Detection
โ€ข Leak Detection
โ€ข Physical Properties Estimation
โ€ข Stress & Structure Analysis
โ€ข Weld Verification

๐Œ๐จ๐ซ๐ž ๐“๐ซ๐ž๐ง๐๐ข๐ง๐  ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ ๐›๐ฒ ๐๐จ๐ฅ๐š๐ซ๐ข๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

Digital Mining Market: https://www.polarismarketresearch.com/industry-analysis/digital-mining-market

Identity Threat Detection and Response (ITDR) Market: https://www.polarismarketresearch.com/industry-analysis/identity-threat-detection-and-response-market

VSaaS Market: https://www.polarismarketresearch.com/industry-analysis/vsaas-market

Philippines Security Operations Center Market: https://www.polarismarketresearch.com/industry-analysis/philippines-security-operations-center-market

Operational Technology (OT) Security Market: https://www.polarismarketresearch.com/industry-analysis/operational-technology-ot-security-market

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐ˆ๐ง๐Ÿ๐จ:

Polaris Market Research
Phone: +1-929-297-9727
Email: sales@polarismarketresearch.com

๐€๐›๐จ๐ฎ๐ญ ๐”๐ฌ:

Polaris Market Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We at Polaris are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defence, among different ventures present globally.

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๐“๐ก๐ž ๐ซ๐ž๐œ๐ž๐ง๐ญ๐ฅ๐ฒ ๐ฉ๐ฎ๐›๐ฅ๐ข๐ฌ๐ก๐ž๐ ๐‘๐ž๐ญ๐ข๐œ๐ฎ๐ฅ๐š๐ญ๐ž๐ ๐…๐จ๐š๐ฆ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ฌ๐ญ๐ฎ๐๐ฒ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐›๐ฒ ๐๐จ๐ฅ๐š๐ซ๐ข๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐ซ๐ž๐ฏ๐ž๐š๐ฅ๐ฌ ๐ญ๐ก๐š๐ญ ๐ญ๐ก๐ž ๐ ๐ฅ๐จ๐›๐š๐ฅ ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐ฐ๐š๐ฌ ๐”๐’๐ƒ ๐Ÿ“๐ŸŽ๐Ÿ“.๐Ÿ๐ŸŽ ๐ฆ๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐ข๐ง ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ‘, ๐ฐ๐ข๐ญ๐ก ๐š ๐‚๐€๐†๐‘ ๐จ๐Ÿ ๐Ÿ”.๐ŸŽ% ๐ฉ๐ซ๐จ๐ฃ๐ž๐œ๐ญ๐ž๐ ๐Ÿ๐ซ๐จ๐ฆ ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ’ ๐ญ๐จ ๐Ÿ๐ŸŽ๐Ÿ‘๐Ÿ. ๐“๐ก๐ž ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐ข๐ฌ ๐ž๐ฑ๐ฉ๐ž๐œ๐ญ๐ž๐ ๐ญ๐จ ๐จ๐Ÿ๐Ÿ๐ž๐ซ ๐š๐ง ๐š๐›๐ฌ๐จ๐ฅ๐ฎ๐ญ๐ž ๐จ๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ฒ ๐จ๐Ÿ ๐”๐’๐ƒ ๐Ÿ–๐Ÿ’๐Ÿ–.๐Ÿ๐Ÿ” ๐ฆ๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐›๐ฒ ๐Ÿ๐ŸŽ๐Ÿ‘๐Ÿ. The need for reticulated foam has grown as a result of the growing demand for resistant exterior furniture. Its market current of distinctโ€ฆ
Synthetic Lubricants Market Hits Milestone - Projected at USD 56.92 Billion by 2032 with a Striking 3.3% CAGR
09-20-2024 | Chemicals & Materials
Polaris Market Research & Consulting
Synthetic Lubricants Market Hits Milestone - Projected at USD 56.92 Billion by 2 โ€ฆ
๐–๐ข๐ญ๐ก ๐š ๐œ๐จ๐ฆ๐ฉ๐จ๐ฎ๐ง๐ ๐š๐ง๐ง๐ฎ๐š๐ฅ ๐ ๐ซ๐จ๐ฐ๐ญ๐ก ๐ซ๐š๐ญ๐ž (๐‚๐€๐†๐‘) ๐จ๐Ÿ ๐Ÿ‘.๐Ÿ‘%, ๐ญ๐ก๐ž ๐ ๐ฅ๐จ๐›๐š๐ฅ ๐ฌ๐ฒ๐ง๐ญ๐ก๐ž๐ญ๐ข๐œ ๐ฅ๐ฎ๐›๐ซ๐ข๐œ๐š๐ง๐ญ๐ฌ ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐ข๐ฌ ๐ž๐ฑ๐ฉ๐ž๐œ๐ญ๐ž๐ ๐ญ๐จ ๐ซ๐ž๐š๐œ๐ก ๐š ๐ฏ๐š๐ฅ๐ฎ๐ž ๐จ๐Ÿ ๐จ๐ฏ๐ž๐ซ ๐”๐’๐ƒ ๐Ÿ“๐Ÿ”.๐Ÿ—๐Ÿ ๐›๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐›๐ฒ ๐Ÿ๐ŸŽ๐Ÿ‘๐Ÿ ๐Ÿ๐ซ๐จ๐ฆ ๐š๐ง ๐ž๐ฌ๐ญ๐ข๐ฆ๐š๐ญ๐ž๐ ๐”๐’๐ƒ ๐Ÿ’๐Ÿ.๐Ÿ“๐Ÿ‘ ๐›๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐ข๐ง ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ‘. Synthetic lubricants are artificial fluids that are chemically synthesized instead of being clarified from petroleum or vegetable oils. They are intended to have particular attributes and are frequently loftier than mineral oil lubricants. Synthetic lubricants areโ€ฆ

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06-20-2022 | Industry, Real Estate & Constr โ€ฆ
DรœRR NDT GmbH & Co. KG
Applus+ Entrusts DRIVE NDT with Digitization of NDT Workflow
Applus+ Germany is one of the largest providers of non-destructive testing (NDT) services in Germany and with more than 20,000 employees in over 70 countries is one of the largest companies in the industry worldwide. In order to cement its leading position over the longer term, Applus+ is investing in future technologies. One of the key challenges of the future is the digitalization of all NDT processes. "A key promise isโ€ฆ
05-12-2022 | Industry, Real Estate & Constr โ€ฆ
DรœRR NDT GmbH & Co. KG
HD-CR 35 NDT from DรœRR NDT Increases Efficiency of Oil & Gas RT Inspection Task โ€ฆ
ENOD S.R.L is an NDT service company based in Buenos Aires, serving the energy sector in Argentina since August 1980. ENOD is one of the largest service providers in Argentina, offering a wide range of inspection methods to fit their customers' needs. They have largely invested in the latest technologies to be one of the pioneers in their local market. A few years ago, they stepped into digital radiography to replaceโ€ฆ
05-14-2020 | Industry, Real Estate & Constr โ€ฆ
Coherent Market Insights
Ultrasonic Non-destructive Testing (NDT) Equipment Market Analysis 2020: By Keyp โ€ฆ
Don't Quarantine Your Research, you keep your social distance and we provide you a social DISCOUNT use QUARANTINEDAYS Code in precise requirement and Get FLAT 1000USD OFF on all CMI reports Ultrasonic testing is type of non-destructive inspection equipment that helps detecting the discontinuity in the sample material without harming the material. This methodology utilizes high frequency sound incidence on the material of the frequency ranging around 500 KHz-200 MHz toโ€ฆ
02-06-2020 | Business, Economy, Finances, B โ€ฆ
The Insight Paerners
Ultrasonic Testing Equipment Market Growth Prospects to 2027 - TOP Vendors Amera โ€ฆ
What is Ultrasonic Testing Equipment? Ultrasonic testing is a nondestructive test method that uses high sound frequency to make measurements and conduct examinations. Increasing the adoption of ultrasonic testing equipment in the oil & gas industry can result in a higher demand for ultrasonic testing equipment. The mounting focus on pipeline safety is growing the adoption of innovative technologies and best practices which, in turn, will boost the demand for theโ€ฆ
02-13-2019 | Advertising, Media Consulting, โ€ฆ
QandQ Market Research
Eddy Current NDT Equipment Market
https://www.qandqmarketresearch.com/reports/7511559/eddy-current-ndt-equipment-market-104 Executive Summary: This report studies the global Eddy Current NDT Equipment market status and forecast, categorizes the global Eddy Current NDT Equipment market size value & volume by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan and China etc. The global Eddy Current NDT Equipment market is valued at xx million US$ in 2018 and will reach xx million US$ by the endโ€ฆ
01-20-2019 | Advertising, Media Consulting, โ€ฆ
Research Report Insights
Eddy Current NDT Equipment Market 2026 | Ibg NDT System Corporation Criterion ND โ€ฆ
Non- destructive testing techniques are utilized in several end usage enterprises related to welds and metals. The fundamental reason is to anticipate the attributes of the materials devoid of harming them. The eddy current NDT is unique among the different technique utilized to identify defects or change in the attributes of the materials with the assistance of eddy current instigated in the test that infiltrates into the conductive surface ofโ€ฆ