0

Nondestructive Testing Equipment Market Expected to Reach $8.1 Billion by 2030

 
2022
Nondestructive Testing Equipment Market

Report Code : A01464

quote The NDT market is expected to witness considerable growth due to increase in adoption of automation and wireless connectivity in industry. The NDT equipment industry is projected to witness significant growth, especially in the developing countries such as China, India, and Middle East, owing to development of smart technologies in countries. quote

Divyanshi Mishra - Research Analyst
Semiconductor and Electronics at Allied Market Research

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

The NDT market forecast holds high potential in infrastructure and automotive & transportation industry vertical. Presently, rapid development in smart infrastructure and  vehicle technology have resulted in desire to adopt this technology, particularly in the developing countries such as China, India, Brazil, Mexico, and UAE. Companies in the nondestructive testing equipment industry adopt various innovative techniques to provide customers with advanced and innovative features which is lucrative for the nondestructive testing equipment market size.

Non destructive testing machine features enhanced functionality & accuracy and quick & cost-effective monitoring and reporting procedure. It is used to address a variety of difficulties in the process with goal of increasing quality and productivity which increases the nondestructive testing equipment market share globally.

Leak detections are increasingly used in oil & petroleum industry, chemical industry, and air conditioning & refrigeration industry. Usage of leak detectors prevent potential accidents and risk analysis for future concerns. This technology promotes safe orientation among users in various situations. Governments all across the globe are setting up regulations to promote adoption of leak detectors among various industry verticals. For instance, the U.S. federal government regulates pipelines through the Code of Federal Regulations (CFR) 49, which insist adoption of leak detectors. In addition, the air conditioning and refrigeration industry uses leak detectors to measure and prohibit carbon dioxide to reduce global warming potential, which is assisting the nondestructive testing equipment market growth.

COVID-19 Impact Analysis:

COVID-19 has caused overall semiconductor industry to mobilize quickly and to make short-term decisions with long-term implications. Semiconductor companies operate in a complex ecosystem, working across value chain with numerous raw materials, assembly, test, package, and equipment suppliers and partners, globally.

The demand from wireless communication segment is expected to increase due to factors such as increased broadband usage, higher demand for cloud services, and video streaming. In addition, in  medium to long term, COVID-19 is expected to further push up the need for digital transformation, technologies such as 5G, internet of things, artificial intelligence, and intelligent edge computing for future optimization.

The end users of NDT inspection equipment represent mixed trends during the COVID-19 pandemic. Industry vertical such as transportation and construction show minimal demand for its services. However, demand for NDT equipment from defense sector, power plants, and oil & refineries remain unaffected. Furthermore, quality check and maintenance of products, components, or structures is of important for every industry. As a result, budget remains unaffected even in the pandemic.

According to nondestructive testing equipment market trends, aging infrastructure, including roads, buildings, and aircraft, provide a new measurement and monitoring challenges for NDT equipment engineers and technicians. The trend in nondestructive testing machine increases emphasis on use of NDT to improve productivity of manufacturing processes. Quantitative non-destructive testing (QNDT) increases amount of information about failure modes and speed with which information can be obtained and facilitates development of in-line measurements for process control.

New equipment in nondestructive testing equipment market analysis is being developed to reduce involvement of operator as much as possible through automating functions and computerizing results. Continuous technical developments result in novel and improved techniques for carrying out NDT. Presently, product development allow NDT to be carried out in cheaper and effective way.

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
 
 

First time buyer?
Check offers and discount on this report
To get this report

Click Here
 
 

quote Nondestructive Testing Equipment Market by Testing Method (Ultrasonic Testing, Radiography Testing, Visual Inspection Testing, Magnetic Particle Testing And Electromagnetic Testing, Eddy Current Testing, Liquid Penetrant Testing, Others), by Technique (Volumetric Examination, Surface Examination, Others), by Industry Vertical (Oil And Gas, Energy And Power, Aerospace And Defense, Automotive And Transportation, Infrastructure, Others): Global Opportunity Analysis and Industry Forecast, 2020-2030 quote

View Report
 
 

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 2,000 niche industries and company profiles on more than 12,000 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.

 
 

WHY ALLIED MARKET RESEARCH?

INFLALLIBLE METHODOLOGY

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

ANALYST SUPPORT

For complete satisfaction

CUSTOMIZATION

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
rep-img

Published Date Mar 2024

Hairbrush Market

Download Sample
rep-img

Published Date Mar 2024

Debt Security Market

Download Sample
rep-img

Published Date Mar 2024

Wood Adhesives Market

Download Sample

Buy Full Version
"Nondestructive Testing Equipment Market"
Purchase Enquiry

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of the scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save the time of readers