Summary

NDT and Inspection Market Size
The global Non-destructive Testing and inspection market size was valued at $11.32 billion in 2024 and is projected to reach $20.28 billion by 2030, growing at a CAGR of 10.2% during the forecast period.

NDT and Inspection Market Overview
Non-Destructive Testing (NDT) and Inspection are techniques and processes for evaluating the integrity, quality, and performance of materials, components, and structures without causing damage or changing their physical properties. These procedures have become essential in many industries, including manufacturing, construction, aerospace, and oil and gas, to uncover errors, flaws, or anomalies that might compromise safety or functionality. NDT procedures include ultrasonic testing, radiographic testing, magnetic particle testing, liquid penetrant testing, and visual inspection, among others. NDT and Inspection, via meticulous investigation and analysis, help assure compliance with industry norms and regulations, prevent costly failures, and maintain the dependability and durability of vital assets and infrastructure.

NDT and Inspection Market Dynamics
• Factors such as the increasing focus on safety and quality assurance across industries, advancements in NDT and inspection technologies, leading to improved accuracy and efficiency, and stringent regulations mandating regular inspection and maintenance of critical infrastructure are driving the market growth.
• Additionally, the growth in industries such as aerospace, automotive, and oil and gas, driving demand for inspection services, rising awareness about the importance of predictive maintenance to reduce downtime and optimize asset performance, and increasing adoption of automation and robotics in NDT and inspection processes. are the prominent factors driving the growth of the ndt and inspection market.
• However, the high initial investment and operating costs associated with NDT and inspection equipment and services, lack of skilled professionals proficient in advanced NDT techniques, and challenges related to accessing and inspecting complex or hard-to-reach structures are restraining the market growth.
• Conversely, the expansion of NDT and inspection services in emerging markets with growing industrialization, development of portable and wireless inspection solutions for enhanced mobility and flexibility, and integration of artificial intelligence and machine learning algorithms for data analysis and predictive maintenance are creating opportunities for market growth.
By, Technique, the Ultrasonic Testing (UT) Segment held the larger market share, and it would continue on this path during the forecast period
The ultrasonic testing (UT) segment dominated the market share and is expected to maintain this trajectory throughout the forecast period due to the UT provides a non-destructive and highly precise approach for detecting faults and irregularities in materials and structures, making it useful in a variety of industries including manufacturing, aerospace, automotive, and oil and gas. Because of its capacity to penetrate thick materials and offer detailed imaging of inside components, UT is especially useful for detecting faults that could jeopardize safety or performance.

In addition, as companies seek stronger quality control and regulatory compliance, UT develops as a favored method for guaranteeing the integrity and dependability of important components and infrastructure. Moreover, advances in UT technology, including as phased array and automated systems, have increased inspection efficiency and accuracy, resulting in widespread application across sectors. Furthermore, the increased emphasis on preventative maintenance and asset integrity management drives up demand for UT services, as businesses attempt to reduce downtime and extend the life of their assets.

By Geography, Asia Pacific is Projected to Show Strong Presence in the Global Market
The Asia Pacific is expected to demonstrate a significant presence in the global market due to in India, initiatives such as Make in India are strategically aimed at nurturing domestic manufacturing facilities while attracting significant foreign direct investments. As the nation aligns itself with the upward trajectory of the domestic manufacturing industry, India is poised to emerge as a promising market for NDT and inspection equipment and services in the forecast period.

The Indian government actively shapes policies and initiatives to facilitate the growth of the NDT and inspection market, exemplified by its liberal Special Economic Zone (SEZ) policy, fostering a competitive environment for export-oriented manufacturing companies. With the overall expansion of the manufacturing sector in India, the magnetic particle testing segment within the NDT and inspection technique is projected to witness significant growth from 2018 to 2024. Rapid developments in infrastructure, industry, and the economy have led to increased reliance on alternative energy sources like nuclear, wind, and solar power plants, driving up the demand for NDT and inspection equipment and services. Significant military expenditures, alongside advancements in transportation and infrastructure, serve as key drivers propelling the growth of the Indian NDT and inspection market.

Furthermore, India's production of various aircraft underscores substantial potential for growth in the NDT and inspection market, particularly in the aerospace industry. However, challenges such as the state of the global economy, limited product knowledge among end users, bureaucratic delays, and corruption present obstacles to the growth of the NDT and inspection market in India.

Key Target Audience:
• Manufacturing Industries
• Aerospace and Defense Sector
• Oil and Gas Companies
• Construction and Infrastructure Developers
• Automotive Industry

List of the Key Players Profiled in the Report Includes:
• General Electric
• MISTRAS Group
• Olympus Corporation
• Ashtead Technology
• Nikon Metrology NV
• SGS Société Générale De Surveillance SA
• Magnaflux
• Eddyfi Technologies
• Sonatest
• Intertek Group plc
• Applus+
• Bureau Veritas

Recent Developments:
• In May 2023, Eddyfi Technologies, a renowned manufacturer of advanced inspection technology, proudly unveils the Panther 2. This cutting-edge solution offers swift and adaptable industrial inspections utilizing phased array ultrasonic testing (PAUT) and total focusing method (TFM). Designed for use across manufacturing, laboratory, and field environments, the Panther 2 emerges as an unparalleled and versatile non-destructive testing instrument.

Market Segmentation:
The research report includes in-depth coverage of the industry analysis with size, share, and forecast for the below segments:

Market by, Technique:
• Ultrasonic Testing (UT)
• Visual Testing (VT)
• Magnetic Particle Testing (MPT)
• Liquid Penetrant Testing (LPT)
• Eddy-Current Testing (ECT)
• Radiographic Testing (RT)
• Acoustic Emission Testing (AET)

Market by, Service:
• Inspection Services
• Equipment Rental Services
• Calibration Services
• Training Services

Market by, Method:
• Surface Inspection
• Visual Inspection
• Volumetric Inspection
• Other Methods

Market by, Vertical:
• Aerospace
• Automotive
• Power Generation
• Public Infrastructure
• Other Verticals

Market by, Application:
• Chemical Composition Determination
• Dimensional Measurement
• Flaw Detection
• Leak Detection
• Physical Properties Estimation
• Stress & Structure Analysis
• Weld Verification

Market by, Geography:
The NDT and inspection market report also analyzes the major geographic regions and countries of the market. The regions and countries covered in the study include:
• North America (The United States, Canada, Mexico), Market Estimates, Forecast & Opportunity Analysis
• Europe (Germany, France, UK, Italy, Spain, Rest of Europe), Market Estimates, Forecast & Opportunity Analysis
• Asia Pacific (China, Japan, India, South Korea, Australia, New Zealand, Rest of Asia Pacific), Market Estimates, Forecast & Opportunity Analysis
• South America (Brazil, Argentina, Chile, Rest of South America), Market Estimates, Forecast & Opportunity Analysis
• Middle East & Africa (UAE, Saudi Arabia, Qatar, Iran, South Africa, Rest of Middle East & Africa), Market Estimates, Forecast & Opportunity Analysis

Scope of the Report:
The report “NDT and Inspection Market: Industry Analysis, Opportunities and Forecast up to 2030” by Diligence Insights provides a detailed analysis of the present market and future outlook with market estimates and forecasts for all specified segments, encompassing both global and regional perspectives as outlined within the research framework. The study includes historical market data for the years 2022, 2023 and offers revenue estimations for 2024, and project forecasts spanning from 2025 to 2030. It places significant emphasis on the examination of market trends, key industry participants, supply chain developments, technological advancements, pivotal milestones, and prospective strategies. Comprehensive market assessments are carried out across major geographic regions, including North America, Europe, Asia Pacific, South America, and Middle East & Africa. As such, this report constitutes a valuable resource for current industry stakeholders, newcomers to the field, and potential investors.

The study offers an in-depth market analysis, drawing insights from industry experts across the value chain. A special focus has been made on 25 countries, including the United States, Canada, Mexico, the United Kingdom, Germany, Spain, France, Italy, China, Brazil, Saudi Arabia, and South Africa, among others. The market data has been meticulously collected through extensive primary interviews and comprehensive secondary research. Market size determination is rooted in the revenue generated from sales across all the specified segments and sub-segments as defined within the research scope. The market sizing analysis includes both top-down and bottom-up approaches for data validation and accuracy measures.

The report offers insights into the following aspects:
• Analysis of major market trends, factors driving, restraining, threatening, and providing opportunities for the market.
• Analysis of the market structure by identifying various segments and sub-segments of the market.
• Understand the revenue forecast of the market for North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
• Analysis of opportunities by identification of high-growth segments/revenue pockets in the market.
• Understand major player profiles in the market and analyze their business strategies.
• Understand competitive developments such as joint ventures, alliances, mergers and acquisitions, and new product launches in the market.

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Table of Contents

1 Market Introduction
1.1 Market Definition
1.2 Research Scope and Segmentation
1.3 Stakeholders
1.4 List of Abbreviations

2 Executive Summary

3 Research Methodology
3.1 Identification of Data
3.2 Data Analysis
3.3 Verification
3.4 Data Sources
3.5 Assumptions

4 Market Dynamics
4.1 Market Drivers
4.2 Market Restraints
4.3 Market Opportunities
4.4 Market Challenges

5 Porter's Five Force Analysis
5.1 Bargaining Power of Suppliers
5.2 Bargaining Power of Buyers
5.3 Threat of New Entrants
5.4 Threat of Substitutes
5.5 Competitive Rivalry in the Market

6 Global NDT and Inspection Market by, Technique
6.1 Overview
6.2 Ultrasonic Testing (UT)
6.3 Visual Testing (VT)
6.4 Magnetic Particle Testing (MPT)
6.5 Liquid Penetrant Testing (LPT)
6.6 Eddy-Current Testing (ECT)
6.7 Radiographic Testing (RT)
6.8 Acoustic Emission Testing (AET)

7 Global NDT and Inspection Market by, Service
7.1 Overview
7.2 Inspection Services
7.3 Equipment Rental Services
7.4 Calibration Services
7.5 Training Services

8 Global NDT and Inspection Market by, Method
8.1 Overview
8.2 Surface Inspection
8.3 Visual Inspection
8.4 Volumetric Inspection
8.5 Other Methods

9 Global NDT and Inspection Market by, Vertical
9.1 Overview
9.2 Aerospace
9.3 Automotive
9.4 Power Generation
9.5 Public Infrastructure
9.6 Other Verticals

10 Global NDT and Inspection Market by, Application
10.1 Overview
10.2 Chemical Composition Determination
10.3 Dimensional Measurement
10.4 Flaw Detection
10.5 Leak Detection
10.6 Physical Properties Estimation
10.7 Stress & Structure Analysis
10.8 Weld Verification

11 Global NDT and Inspection Market by, Geography
11.1 Overview
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 France
11.3.3 UK
11.3.4 Italy
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 China
11.4.2 Japan
11.4.3 India
11.4.4 South Korea
11.4.5 Australia
11.4.6 New Zealand
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Brazil
11.5.2 Argentina
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 UAE
11.6.2 Saudi Arabia
11.6.3 Qatar
11.6.4 Iran
11.6.5 South Africa
11.6.6 Rest of Middle East & Africa

12 Key Developments

13 Company Profiling
13.1 General Electric
13.1.1 Business Overview
13.1.2 Product/Service Offering
13.1.3 Financial Overview
13.1.4 SWOT Analysis
13.1.5 Key Activities
13.2 MISTRAS Group
13.3 Olympus Corporation
13.4 Ashtead Technology
13.5 Nikon Metrology NV
13.6 SGS Société Générale De Surveillance SA
13.7 Magnaflux
13.8 Eddyfi Technologies
13.9 Sonatest
13.10 Intertek Group plc
13.11 Applus+
13.12 Bureau Veritas