Pune, Maharashtra -- (SBWIRE) -- 10/11/2022 -- The market for non-destructive testing (NDT) is projected to grow over the next few years as manufacturers increase their demand for this technology. Technological innovations have led to the development of advanced NDT processes with improved fault detection and safety. Furthermore, increasing awareness amongst manufacturers regarding the use of NDT will improve the penetration of NDT techniques in the future.

Non-destructive testing techniques are being used to detect faults at complex locations and irregular surfaces. These techniques are expected to fuel the demand for non-destructive testing in the years ahead. The efficiency of fault detection and the ease of operating ultrasonic equipment, as compared to other NDT equipment, are the major reasons leading to the increasing deployment of this test procedure. Furthermore, advancements in ultrasonic technology over the next eight years will further increase the adoption of this method as its simplicity makes it more accessible than other NDT methods.

"According to SNS Insider, Non-destructive testing Size is was valued at US$ 17.36 Bn in 2021 and Grow at US$ 28.47 Bn by end of 2028, with growing healthy CAGR of 7.47% during the Forecast Period 2022-2028."

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Major Company Profiles included in Non-destructive testing Market are:

- Ashtead Technology
- Eddyfi
- Fischer Technologies Inc
- General Electric
- Nikon Corporation
- Mistras Group
- Olympus Corporation
- Sonatest
- Yxlon International
- Zetec,Inc
- MME Group
- TWI Ltd

The Non-destructive testing market report defines and segments the worldwide market in addition to analyzing and predicting regional and global market opportunities. Along with trends, opportunities, and challenges, it also contains data on the market's drivers and inhibitors. Our extensive data collection from reliable supplemental sources, together with our close relationships with a variety of industry partners, help us build market expertise for the market research study. We are able to confirm and validate the knowledge we learn from our major and reliable sources and stay up to date on market trends and patterns because of the information we gather. The primary goal of the market research study is qualitative market analysis, which includes PEST analysis, COVID-19 industry trends, market analysis, and factor analysis.

Predicting future trends and tendencies as well as describing the market sizes of key geographic and segmentation markets are among the objectives of the study report. The research was conducted to analyze and comprehend the Non-destructive testing industry and it used reliable information sources. The report's covering criteria include a market share analysis, a study of the top competitors, an analysis of each company's primary business lines, product portfolio, and cost structure, as well as research of current trends and patterns in the sector.

Non-destructive testing Market Segmentation Analysis 2022

Furthermore, consumer demand, upstream raw material supply, and current market trends were examined in the market analysis. After presenting a number of important suggestions for a new market concept, the study evaluates its potential. Overall, taking into account all pertinent elements, the research offers a complete analysis of the global Non-destructive testing market. The total market is segmented by company, geography, and application/type for the competitive landscape analysis.

Major Segments and Sub-Segment of Non-destructive testing Market are Listed Below:

By Offering:
- Services
- Equipment

By Test method:
- Visual Testing
- Magnetic Particle Testing
- Liquid Penetrant Testing
- Eddy Current Testing
- Ultrasonic Testing
- Radiographic Testing

By Vertical:
- Oil & Gas
- Manufacturing
- Aerospace and Defense
- Construction
- Automotive
- Power Generation
- Others

In this study, the years considered to estimate the market size of Non-destructive testing are as follows:
- History Year: 2016-2020
- Base Year: 2021
- Estimated Year: 2022
- Forecast Year 2022 to 2028

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Regional Analysis Covered in this report:

- North America [United States, Canada]
- Europe [Germany, France, U.K., Italy, Russia]
- Asia-Pacific [China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia]
- Latin America [Mexico, Brazil, Argentina]
- Middle East & Africa [Turkey, Saudi Arabia, UAE]

Competitive Outlook

The primary goal of the research report is to provide enterprises in the sector with a strategic analysis of COVID-19's effects. This report also assessed the market potential of important countries' markets and described those markets. The study starts off by providing a comprehensive review of the industry, including its definition, uses, and production procedures. The top players in the international industry are then extensively examined in the market research report.

With a focus on the target market, the research study provides a thorough and in-depth analysis of the current state of the Non-destructive testing business. The study is a helpful resource for companies and other individuals with an interest in the industry because it offers guidance and crucial market data.

Frequently Asked Questions in this report are:

- What is the current market Size of Non-destructive testing market 2022?
- Who key company profiles are operated in this study?
- Which region is dominating the Non-destructive testing market by 2028?
- What are major key driving factors and restraints of this market?

Table of Contents – Major Key Points

1. Introduction

2. Research Methodology

3. Market Dynamics

4. Impact Analysis

5. Value Chain Analysis

6. Porter's 5 Forces Model

7. PEST Analysis

8. Non-Destructive Testing Market Segmentation, By Offering

9. Non-Destructive Testing Market Segmentation, By Test Method

10. Non-Destructive Testing Segmentation, By Vertical

11. Regional Analysis

12. Company Profiles

13. Competitive Landscape

14. Conclusion

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