In the latest report by Future Market Insights, the lead research consultant estimates the global non destructive testing and inspection market value to reach US$ 11.7 billion in 2024.
The upward trajectory will continue securing growth, with projections indicating a market value of US$ 31.0 billion by 2034. This equates to a moderate CAGR of 10.2% through the forecast period.
Attributes | Key Insights |
---|---|
Non Destructive Testing and Inspection Market Estimated Size in 2024 | US$ 11.7 billion |
Projected Market Value in 2034 | US$ 31.0 billion |
Value-based CAGR from 2024 to 2034 | 10.2% |
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The scope for non destructive testing and inspection rose at a 12.0% CAGR between 2019 and 2023. The global market is achieving heights to grow at a moderate CAGR of 10.2% over the forecast period 2024 to 2034. The market witnessed a steady growth during the historical period, owing to the rise in investments in infrastructure projects.
Factors including the emphasis on predictive maintenance strategies also contributed to the market growth. The market also experienced consolidation through mergers, acquisitions, and strategic partnerships among key players. The collaborations aimed to expand market presence, enhance service offerings, and leverage complementary technologies to meet evolving customer needs.
The forecast period will witness increased integration of non destructive testing solutions with Industry 4.0 technologies, such as IoT, AI, and big data analytics. Smart NDT systems capable of real time monitoring, predictive analytics, as well as autonomous inspection are all set to create lucrative avenues for the market growth.
The market will also experience continued expansion of the renewable energy sector, such as the wind, solar, and hydroelectric power. The testing will play a vital role in ensuring the integrity and reliability of renewable energy infrastructure, augmenting the demand for inspection services in this sector.
The emergence of new materials and manufacturing processes, including additive manufacturing, advanced composites, and lightweight alloys, will require specialized these solutions for quality control and defect detection.
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The below table showcases revenues in terms of the top 5 leading countries, spearheaded by Korea and Japan. The countries will lead the market through 2034.
Countries | Forecast CAGRs from 2024 to 2034 |
---|---|
The United States | 10.4% |
The United Kingdom | 11.5% |
China | 11.1% |
Japan | 12.2% |
Korea | 13.0% |
The non destructive testing and inspection market in the United States will expand at a CAGR of 10.4% through 2034. Stringent regulatory requirements set by federal agencies and industry specific regulatory bodies mandate the use of non destructive testing methods for safety, quality control, and environmental protection.
Compliance with regulations related to workplace safety, environmental standards, and product quality fuels the demand for testing and inspection services across industries. The United States has extensive infrastructure networks, including transportation, energy, and utilities.
Investments in infrastructure maintenance, modernization, and expansion drive the demand for these services to ensure the safety, reliability, and integrity of critical infrastructure assets.
The non destructive testing and inspection market in the United Kingdom to expand at a CAGR of 11.5% through 2034. The country is committed to transitioning to renewable energy sources such as wind, solar, and tidal power to reduce carbon emissions and combat climate change.
The services are critical for the development, operation, and maintenance of renewable energy infrastructure, including offshore wind farms, solar parks, and tidal energy installations. Quality assurance, structural integrity assessment, and condition monitoring drive demand for non destructive testing solutions in the renewable energy sector.
The country is a significant player in the offshore oil and gas sector, particularly in the North Sea. The services are essential for maintaining the integrity of offshore platforms, pipelines, subsea installations, and storage facilities. Asset integrity management, corrosion monitoring, and safety compliance drive demand for testing and inspection solutions in the oil and gas industry.
Non destructive testing and inspection trends in China are taking a turn for the better. An 11.1% CAGR is forecast for the country from 2024 to 2034. China is investing in advanced testing technologies, automation solutions, and digitalization to improve inspection efficiency, accuracy, and productivity.
Adoption of technologies such as robotics, artificial intelligence, machine learning, and big data analytics enhances the capabilities of testing systems, boosting the market growth.
China is the largest manufacturing hub in the world, producing a wide range of goods for domestic consumption and export. The testing methods are essential for quality control, defect detection, and process optimization in manufacturing industries such as automotive, electronics, machinery, steel, and chemicals, contributing to the market growth.
The non destructive testing and inspection market in Japan is poised to expand at a CAGR of 12.2% through 2034. Japan is a pioneer in medical imaging technologies, including CT scanning, MRI, and ultrasound.
The testing methods such as radiographic testing and ultrasonic testing are widely used in healthcare for diagnosing medical conditions, detecting abnormalities, and monitoring treatment outcomes. The demand for testing services in healthcare and medical sectors contributes to market growth.
Japan has a diverse energy mix, including nuclear, thermal, renewable, and hydroelectric power generation. The methods are essential for inspecting power plant components, pipelines, turbines, and boilers for corrosion, erosion, and structural defects. The demand for testing services in energy and power sectors drives market expansion.
The non destructive testing and inspection market in Korea will expand at a CAGR of 13.0% through 2034. Korea invests in nuclear power generation as part of its energy mix.
The testing methods are critical for inspecting nuclear power plant components, reactor vessels, steam generators, and piping systems for defects, corrosion, and structural integrity. The stringent safety requirements in the nuclear industry drive the demand for high quality services in Korea.
Korea is a global leader in semiconductor manufacturing, with companies like Samsung Electronics and SK Hynix playing a significant role in the global semiconductor market. The semiconductor industry requires precise quality control and defect detection during the production process.
The methods such as optical inspection, X-ray inspection, as well as scanning electron microscopy are essential for ensuring the integrity and reliability of semiconductor wafers and chips. The growth of the semiconductor industry fuels the demand for these services in Korea.
The below table highlights how surface inspection segment is leading the market in terms of method, and will account for a CAGR of 10.0% through 2034.
Based on service, the training services segment is gaining heights and will to account for a CAGR of 9.8% through 2034.
Category | CAGR through 2034 |
---|---|
Surface Inspection | 10.0% |
Training Services | 9.8% |
Based on method, the surface inspection segment will dominate the non destructive testing and inspection market. Continuous advancements in imaging sensors, cameras, optics, and lighting technologies enhance the capabilities of surface inspection systems.
High resolution imaging, multispectral imaging, 3D imaging, and hyperspectral imaging techniques enable detailed surface analysis and defect detection across various materials and applications.
Across industries such as automotive, aerospace, manufacturing, electronics, and packaging, there is a growing emphasis on ensuring product quality and reliability. Surface inspection plays a crucial role in detecting defects, imperfections, and irregularities on the surface of materials, components, and finished products, thereby enhancing quality assurance processes.
In terms of service, the training services segment will dominate the non destructive testing and inspection market. Continuous advancements in testing and inspection technologies, techniques, and methodologies require ongoing training and professional development for workforce proficiency.
Training services provide hands on experience, theoretical knowledge, and practical skills training to keep professionals abreast of the latest developments and best practices in the field.
There is a growing demand for qualified non destructive testing technicians, inspectors, and engineers, with the expansion of industries such as aerospace, automotive, oil and gas, manufacturing, and infrastructure.
Training services play a crucial role in developing the skills, knowledge, and competency of personnel to perform testing and inspection tasks effectively and safely.
The non destructive testing and inspection market is characterized by intense competition among key players striving to maintain or enhance their market share through strategic initiatives, product innovation, and differentiation strategies.
Company Portfolio
Attribute | Details |
---|---|
Estimated Market Size in 2024 | US$ 11.7 billion |
Projected Market Valuation in 2034 | US$ 31.0 billion |
Value-based CAGR 2024 to 2034 | 10.2% |
Forecast Period | 2024 to 2034 |
Historical Data Available for | 2019 to 2023 |
Market Analysis | Value in US$ billion |
Key Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; The Middle East & Africa |
Key Market Segments Covered | Method, Service, Technique, Vertical, Region |
Key Countries Profiled | The United States, Canada, Brazil, Mexico, Germany, France, France, Spain, Italy, Russia, Poland, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC countries, South Africa, Israel |
Key Companies Profiled | Circle Systems Inc.; SREM Technologies (Fluxo); Gould-Bass Company Inc.; Johnson and Allen Ltd; KARL DEUTSCH; Magwerks Corporation; McGean; MR Chemie GmbH |
The non destructive testing and inspection market is projected to reach a valuation of US$ 11.7 billion in 2024.
The non destructive testing and inspection industry is set to expand by a CAGR of 10.2% through 2034.
The non destructive testing and inspection market is forecast to reach US$ 31.0 billion by 2034.
Korea is set to be the top performing market, exhibiting a CAGR of 13.0% through 2034.
Surface inspection segment is preferred, and will account for a CAGR of 10.0% through 2034.
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis 2019 to 2023 and Forecast 2024 to 2034, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034 6.1. Technique 6.2. Inspection Type 6.3. Tier 6.4. End-Use Industry 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Technique 7.1. Ultrasonic Testing (UT) 7.2. Visual Testing (VT) 7.3. Magnetic Particle Testing (MPT) 7.4. Liquid Penetrant Testing (LPT) 7.5. Eddy-Current Testing (ECT) 7.6. Radiographic Testing (RT) 7.7. Acoustic Emission Testing (AET) 7.8. Others 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Inspection Type 8.1. Visual Inspection 8.2. Surface Inspection 8.3. Volumetric Inspection 8.4. Others 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Tier 9.1. Tier I Inspection 9.2. Tier II Inspection 9.3. Tier III Inspection 10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End Use Industry 10.1. Oil and Gas 10.2. Manufacturing 10.3. Construction 10.4. Automotive & Transportation 10.4.1. Rail 10.4.2. Marine 10.4.3. Automotive 10.4.4. Aerospace 10.5. Power Generation 10.6. Military & Defense 10.7. Metals & Mining 10.8. Others 11. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 11.1. North America 11.2. Latin America 11.3. Western Europe 11.4. South Asia 11.5. East Asia 11.6. Eastern Europe 11.7. Middle East & Africa 12. North America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 13. Latin America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 14. Western Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 15. South Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 16. East Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 17. Eastern Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 18. Middle East & Africa Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 19. Sales Forecast 2024 to 2034 by Technique, Inspection Type, Tier, and End Use Industry for 27 Countries 20. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 21. Company Profile 21.1. General Electric 21.2. Nikon Metrology NV 21.3. Yxlon International GmbH 21.4. Sonatest Ltd 21.5. Eddyfi Technologies 21.6. Zetec Inc. 21.7. Bureau Veritas 21.8. Duemme SpA 21.9. Element Material Technology Holding 21.10. Geecy Apave Pvt. Ltd. 21.11. Olympus Corp 21.12. MISTRAS Group 21.13. Ashtead Technology 21.14. Magnaflux 21.15. Intertek Group plc 21.16. Acuren 21.17. Comet Group 21.18. TUV Rheinland 21.19. Vidisco Ltd. 21.20. DEKRA
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