Non-Destructive Testing Equipment Market, By Solution (Instruments, Software and Testing Services), By Method (Volumteric, Surface Examination and Others), By Technology (Radiography Testing, Ultrasonic Testing, Magnetic Particle Testing and Liquid Penetrant Testing), By End-User (Oil & Gas, Power & Energy, Aerospace & Defense and Automotive & Transportation), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030

Nondestructive testing equipment is used to analyse or examine assemblies, materials, or components for characteristics discontinuities without destroying the system or part's serviceability. The physical qualities of materials such as ultimate tensile strength, impact resistance, ductility, fatigue strength, and fracture toughness are frequently determined with nondestructive testing equipment. Nondestructive testing is used to control production processes and ensure product reliability and integrity. Furthermore, nondestructive testing equipment lowers production costs and ensures a consistent quality level. Furthermore, the number of businesses using nondestructive testing to optimise processes, decrease waste, and limit liability has increased dramatically. The primary factors driving the growth of the Global Nondestructive Testing Equipment Market are stringent government safety laws for quality control, ensuring machine safety and performance, and increasing need to increase the quality and durability of the equipment.  Non-Destructive Testing Equipment Market accounted for US$ 8.45 billion in 2020 and is estimated to be US$ 15.21 billion by 2030 and is anticipated to register a CAGR of 6.10%.

Impact of Covid-19 pandemic on market

The pandemic influence on the NDT business is a result of the collective reaction of related industries that use non-destructive testing in their operations to the epidemic. For example, when compared to other sectors, the defence industry has been slightly impacted by budget government spending, which maintains the supply and demand ecology. Although certain defence companies have been heavily damaged by the financial crisis, the impact on aerospace companies has been less severe.

Stringent Government Regulation

The market for NDT and inspection equipment and services is growing due to the increasing complexity of machinery, the growing demand for precise product usage specifications, the ongoing strict implementation of government regulations to ensure the safety of the workforce, and the rising stringent quality control requirements. Evidence of infrastructure failures such as nuclear reactor leaks, pipeline explosions, and refinery blasts has pushed governments throughout the world to enact strict safety laws, fueling demand for NDT and equipment and service inspection.

Fitness assessment of aging infrastructure

Roads, buildings, and aircraft are examples of high-risk assets that age quickly. They require regular maintenance because replacing these assets entails significant costs, which is not an affordable alternative for many enterprises. It is critical for any industry to keep its facilities and assets operational. NDT offers information on any potential failure and aids in the development of in-line defect control measurements. The growth of this market is being driven by the rapidly increasing number of on-stream inspections of installations, the upward trend toward risk-based inspection, and the development of advanced simulation tools for structural integrity inspection and their integration into quantitative strategies for life cycle management.

Non-Destructive Testing Equipment Market report segments the market on the basis of solution, method, technology, end-user and region.

On the basis of Solution, the Non-Destructive Testing Equipment Market is segmented into Instruments, Software and Testing Services. On the basis of Method, the target market is segmented into Volumteric, Surface Examination and Others. Based on Technology, the market is segmented into Radiography Testing, Ultrasonic Testing, Magnetic Particle Testing and Liquid Penetrant Testing. Based on End-User, the market is segmented into Oil & Gas, Power & Energy, Aerospace & Defense and Automotive & Transportation.

Regional Insights:

On region the Non-Destructive Testing Equipment Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is expected to be the fastest-growing area in the NDT and inspection market due to significant infrastructure development and automation adoption in manufacturing industries in countries like India and China. Defense aircraft are being manufactured in Asia Pacific countries, which is likely to enhance demand for NDT and inspection equipment and services in the defence and aerospace industries. Several infrastructure development projects are currently being built or will be built in the region over the predicted period. By 2025, the demand for autos is expected to skyrocket which drives the market in particular region.

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the Non-Destructive Testing Equipment Market report based on solution, method, technology, end-user and Region.

Non-Destructive Testing Equipment Market, By Region:

• North America
  • Middle East & Africa
    • • GCC
      • Israel
      • South Africa
      • Rest of Middle East & Africa
  • Latin America
    • • Brazil
      • Mexico
      • Rest of Latin America
  • Asia Pacific
    • • China
      • India
      • Japan
      • South Korea
      • Rest of Asia Pacific
  • Europe
    • • Germany
      • UK
      • France
      • Russia
      • Italy
      • Rest of Europe
  • • U.S.
    • Canada

The key players operating in the Non-Destructive Testing Equipment Market includes General Electric (US), Olympus Corporation (Japan), MISTRAS Group (US), Nikon Metrology (Belgium), and Ashtead Technology (Scotland), YXLON International (Germany), Sonatest (UK), Zetec, Inc. (US), T.D. Williamson Inc. (US), Bosello High Technology srl (Italy), Eddyfi (Canada), and Magnaflux (US), Fischer Technology Inc. (US), Cygnus Instruments Ltd. (UK), NDT Global GmbH (Germany), Acuren (US), and LynX Inspection (Canada). Their strategies and partnership drives the market of non-destructive testing equipment market. For instance, Probus is a software developed by Controle Mesure Systemes. It gathers data from NDT equipment in order to display signals, analyses it, makes a classification judgement, and generates inspection reports. The Non-destructive Testing line's decision-making centre is Probus. It collects and organises all sensor data and can control the test bench's actuators. The Probus software's main aim is to assure traceability by creating either an individual product or a batch inspection report. They can serve as proof of control by listing the observed flaws and their locations.

• ControleMesure Systemes founded its American subsidiary, Control Mesure SystemesInc (CMS Inc), in Long Island City, NY, in December 2020. A local presence in the United States allows for quick response and effective connection with American customers. CMS, which already has a network of agents in more than 15 countries, is now focusing on growing the American market in order to meet the growing need for NDT. CMS did market analyses in the United States and began building a network of ties with local players after establishing its presence in Mexico.

• General Electric
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies

• Olympus Corporation
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies

• MISTRAS Group
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Nikon Metrology and Ashtead Technology
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• YXLON International
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Sonatest
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Zetec, Inc.
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• T.D. Williamson Inc.
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Bosello High Technology srl
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Eddyfi
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies