by Ultrasonic non-destructive testing equipment are used to check materials and components for internal flaws without causing any damage to the materials and the components. Ultrasonic non-destructive testing is widely used in industries such as aerospace, automotive, oil & gas, and manufacturing to detect irregularities in materials that are difficult to find via visual inspection.
The global Ultrasonic Non Destructive Testing Equipment Market is estimated to be valued at US$ 3.7 billion in 2023 and is expected to exhibit a CAGR of 4.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The rising adoption of ultrasonic non-destructive testing equipment in the aerospace industry has led to positive growth in the market. Ultrasonic testing is extensively used for precision inspection of aircraft components to identify defects that may compromise aircraft safety. It helps detect cracks, voids, porosity, and other defects in aircraft parts and structures. It aids aerospace companies meet stringent quality standards mandated by regulatory bodies. This has contributed significantly to the increased demand for advanced ultrasonic testing equipment with high resolution and precision.
SWOT Analysis
Strength: Ultrasonic NDT equipment offers reliable and accurate defect detection capabilities without damaging the material under test. It can inspect heavy and complex components non-invasively.
Weakness: Ultrasonic testing requires skilled operators to perform the tests and interpret the results. The accuracy may be affected by surface conditions, material properties, and component geometry.
Opportunity: Growing infrastructure investment and aging assets in industries like oil & gas, aerospace, and power generation are driving the need for asset integrity management and replacement of old components. This increases demand for NDT services.
Threats: Availability of alternate techniques like radiography, computed tomography, and magnetic particle testing poses competition. Economic slowdowns can reduce maintenance spending and capital expenditures on new infrastructure projects.
Key Takeaways
Global Ultrasonic Non Destructive Testing Equipment Market Size is expected to witness high growth over the forecast period of 2023 to 2030.
Asia Pacific currently dominates the market owing to large manufacturing sectors and investment in infrastructure development across countries like China, India, and Japan. Growing adoption of digital ultrasonic technologies and automated inspection systems is observed in this region.
Key players operating in the ultrasonic non-destructive testing equipment market are Olympus Corporation, GE Measurement & Control, Sonatest, Park Systems Corp., NDT Systems Inc., Nova Instruments, NDTS India Pvt Ltd., Applied Field Solutions, Applus+, and TecScan Systems Inc. These companies offer comprehensive solutions including ultrasonic flaw detectors, thickness gages, phased array systems, and automated scanning equipment.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
