by Non-destructive testing (NDT) refers to a wide group of analysis techniques used in science and industry to evaluate the properties of a material, component or system without causing damage. The NDT methods include liquid penetrant testing, magnetic particle testing, eddy-current testing, acoustic emission testing, radiography testing, ultrasonic testing, visual testing and thermal/infrared testing. These techniques are widely used in industries such as oil and gas, power generation and transportation for quality control and assurance purposes.
The Global Non-Destructive Testing Market is estimated to be valued at US$ 9103.94 Bn in 2024 and is expected to exhibit a CAGR of 16.% over the forecast period 2024 To 2031.
Key Takeaways
Key players operating in the Non-Destructive Testing are Bio-Rad Laboratories, Biocept Inc., Guardant Health, QIAGEN N.V, Illumina, Inc., F. Hoffmann-La Roche Ltd., Johnson & Johnson, Laboratory Corporation of America Holdings, MDxHealth SA, Thermo Fisher Scientific Inc. Non-Destructive Testing Market Size service providers are focusing on automation, digitization and advanced data analytics to improve inspection accuracy and efficiency. Non-destructive digital testing techniques are gaining popularity owing to benefits such as remote operations, data portability and sharing. The growing needs of renewable energy sector is also opens new opportunities for NDT equipment and software manufacturers. Many leading NDT companies are expanding their global footprint through acquisitions to increase market share and tap into new regional markets.
Market drivers
The major driver which boosting the non-destructive testing market is increasing adoption in aerospace industry. The growing aviation industry and stringent quality control standards for aircraft components have increased the demand for NDT techniques in aerospace applications globally. Key areas where NDT finds applications include inspection of aircraft structures and engines for faults, especially in aging aircraft requiring heavy maintenance. Furthermore, factors such as replacement of aging infrastructure and increasing spending on oil & gas projects will continue to drive the adoption of NDT services in various end-use industries over the forecast period.
PEST Analysis
Political: Regulations are getting stricter in order to ensure safety and quality standards in industries. Strict regulations motivate industries to adopt advanced NDT techniques for periodical inspection of components.
Economic: Slow economic recovery after COVID-19 pandemic has decreased manufacturing growth. However, need for operational efficiency and preventive maintenance is driving industries to implement NDT for cost-savings.
Social: Rising awareness about safety and standards has increased demand for quality products. Customers expect periodical quality checks to be done which is increasing adoption of NDT techniques by manufacturers.
Technological: Advancements in digital technology like AI, IoT, 3D printing etc are allowing development of smart NDT equipment, techniques and data analytics tools. Portable devices are making inspections easier.
The geographical regions where the non-destructive testing market is concentrated in terms of value include North America, Europe and Asia Pacific. North America currently holds the largest share due to strict quality standards in industries like oil & gas, aerospace and power generation.
The fastest growing region for the non-destructive testing market is expected to be Asia Pacific due to growing manufacturing industries and investments in infrastructure development in countries like China and India. Governments are promoting adoption of advanced technologies to improve manufacturing quality and safety in the region.
The oil & gas industry utilizes several Non-Destructive Testing Market techniques like ultrasonic, radiography and eddy current testing regularly to inspect pipelines and oil rig components underwater or underground. With rising energy demands, investments in oil & gas sector are increasing utilization of NDT. Power generation industry also uses techniques like radiography, ultrasound, remote visual inspection to check turbine components, transmission lines, dams etc. Emerging technologies are making NDT equipment portable and integrated with IoT for continuous remote monitoring. Advancements are also improving inspection accuracy and reducing costs for industries. The non-destructive testing market is estimated to grow steadily due to stricter regulations and demand for operational efficiency across different industry verticals.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
