Nondestructive testing (NDT) is a wide group of analysis techniques used in science and technology industry to evaluate the properties of a material, component or system without causing damage. The terms nondestructive examination (NDE), nondestructive inspection (NDI), and nondestructive evaluation (NDE) are also commonly used to describe this technology. Because NDT does not permanently alter the article being inspected, it is a highly valuable technique that can save both money and time in product evaluation, troubleshooting, and research. Global non-destructive testing equipment’s market is estimated to grow with 7.67 % CAGR during the year 2019 – 2027. The base year considered for the study is 2018 and the estimated period is between 2019 and 2027. The following factors drive the growth of this market:

• Demand from aging buildings and infrastructure
• Increasing focus towards safety regulations and quality control
• Increasing demand from the Asia Pacific

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The most important driver is the focus on safety regulations and quality control. Nondestructive testing (NDT) plays a vital role in assuring the quality and reliability of several critical products whose integrity is of paramount importance for safety. As an inspection, condition monitoring and diagnostic tool in a variety of applications, NDT plays a key role. Billions of parts in the manufacturing, power generation and transportation industries throughout the world are being inspected on a daily basis using one or more NDT methods. Many potential accidents are avoided due to the timely detection and elimination of the defects in materials and products through the careful application of the principles of ‘Quality Assurance in NDT’. With the rapid advancement in research and technology, the NDT field is becoming larger and more sophisticated day by day. Innovative research in materials science and digital technology is paving the way for more and more new methods in NDT technology.

The largest segment by the application is aerospace and defense. NDT equipment plays an important role in the aerospace and defense sector because the products manufactured put the lives of people in line every day; therefore, high precision and quality are important. Components used in both the aerospace and defense industries are designed and manufactured to be as light as possible; thereby, it makes ultrasonic NDT equipment an important part of the process. The fastest growing application is Automotive and Transportation. In the automotive industry, the production of vehicles involves the use of several components such as gears, piston mills, camshafts and flywheels that are made of metals including steel, aluminum, iron and other alloys.  NDT is also done on various parts of rail locomotives. Some of the parts that are tested using ultrasonic NDT equipment include front testing, examination of axels and hollow shafts, front testing with Kirner probe, inspection of bogie wheels, and inspection of rails. Therefore, the growth in the railway sector worldwide is expected to propel the demand for NDT equipment. In the Asia Pacific, the railway sector is expected to witness major growth. The railway market in the Asia Pacific is undergoing enormous growth in terms of investment in developing the existing rail infrastructure. Over the past decade, investment in the railways has risen from 10% to 30%, with Asia Pacific countries accounting for a major share. Thus, the global transportation market will be driven by the railway sector in the Asia Pacific.

The restraints of non-destructive testing equipment’s market are lack of skilled labor and the high infrastructure cost. The most important restraint is the lack of skilled labor. Various stringent government regulations have increased the need for skilled technicians. NDT technology is complex to operate, thus requiring a skilled workforce. However, because of high training costs, employees in developing countries are reluctant to receive training as their salary is comparatively lower when compared to workers in developed countries. This is a major challenge for the global NDT equipment market. Safety concerns in end-user segments such as the oil and gas, power generation and aerospace and defense industries increase the need for skilled, certified and experienced operators while using NDT equipment to undertake inspection activities.

The report on global non-destructive testing equipment includes segmentation by product, technique and application.

Product is sub-segmented into:

• Ultrasonic testing
• Radiography testing
• Visual Inspection
• Magnetic Particle & Electromagnetic
• Eddy-Current
• Liquid Penetrant
• Others

Technique is sub-segmented into:

• Volumetric Examination
• Surface Examination
• Others

Application is sub-segmented into:

• Oil & Gas
• Energy & Power
• Aerospace & Defense
• Automotive & Transportation
• Infrastructure
• Others

Geographically, the global Non-destructive testing equipment market has been segmented on the basis of four major regions, which includes:

• North America Non-destructive Testing Equipment’s Market : The United States & Canada
• Europe Non-destructive Testing Equipment’s Market : United Kingdom, Germany, France, Italy, Spain, Russia and Rest Of Europe
• Asia Pacific Non-destructive Testing Equipment’s Market : China, India, Japan, South Korea, Australia, and Rest of Asia Pacific
• Rest of World: Latin America, Middle East & Africa

North America is the largest market for non-destructive testing equipment’s market. The US automotive industry plays an important role and is the largest contributor to the ultrasonic NDT equipment market in the country. Many of the automotive manufacturers in the US are planning on increasing investments, with the objective of enhancing production processes, quality, and systems to reap better profits. After the slow recovery, the automotive sector in Canada is expected to have a high growth rate during the forecast period. The Asia Pacific is the fastest growing market.

In the Asia Pacific, the NDT equipment market is driven by the increasing use of testing equipment in the automotive, manufacturing and industrial sectors. The countries in the region that contribute significantly to the growth of the ultrasonic NDT equipment market include Japan, China, Australia, India, South Korea. In the automotive sector, Asia Pacific has seen considerable growth in demand for vehicles. For example, the overall demand for passenger vehicles in the region grew from xx million units in 2014 to xx million units by the end of 2015. This will help several local and international NDT equipment vendors to expand their market presence in the automotive sector.

The major market players of the global non-destructive testing equipment’s market are:

• Eddyfi
• Baker Hughes
• Magnaflux
• Nikon Metrology
• Olympus Scientific Solutions Americas Inc.
• Ashtead Technology, Inc.
• Others

Company profiles cover analysis of important players. These companies are using organic and inorganic strategies for growth. For instance, in May 2018, Edifi launched the First Standard Pulsed Eddy Current Array Solution. In December 2017, Mistras acquired West Penn Non-Destructive Testing, LLC (West Penn) for $xx million in cash. West Penn is headquartered near Pittsburgh; in Jan 2017, Team Penske announced that it had formed a technical alliance with Nikon Metrology, a market leader in metrology instrumentation and technological innovation. In March 2017, Olympus releases New Vanta Handheld X-ray Fluorescence (XRF) Analyzer for RoHS.

Key Findings of the global non-destructive testing equipment’s market are:

• Power generation is a key market on the rise
• Liquid penetrant is the fastest growing product
• The surface examination is the fastest growing technique