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Global Non-destructive Testing (NDT) Equipment Growth Opportunities—Forecast to 2028
The Post-pandemic Major Recovery in Operations and the Growth of the Composite Materials Market Fuel NDT Equipment Growth
23-Dec-2022
Global
Market Research
K554-01-00-00-00
TM00721-GL-MT_27332
$4,950.00
Special Price $3,712.50 save 25 %
COVID-19 brought about major changes for companies and industries globally, followed by a recovery of operations in 2021. 2022 began with the war between Russia and Ukraine, which created fears of a global recession and inflation, resulting in uncertainties among manufacturers to plan future investments. While Europe is likely to be affected more, other regions will also be impacted.
This Frost & Sullivan study indicates that the market size was $2.91 billion in 2021, with a base year growth rate of 8.7%; by 2028, the market is likely to grow up to $4.34 billion, globally. In terms of regions, NALA accounts for the largest market share; however, APAC looks promising with the highest CAGR of 6.4%. This is because of high-growth industries in the region, including power generation, automotive, and electronics. Europe will be the slowest to recover with moderate growth during the forecast period due to the lingering fear of an imminent recession. In general, the energy crisis, supply chain disruptions, and uncertainties in CAPEX investments are some of the factors that could slow down the growth of this market. However, trends such as the increased use of composite materials and advancements in electronics and components that use emerging NDT techniques, such as THz, IR, laser shearography, and TFM, with enhanced testing capabilities, are expected to drive market growth.
Author: Srividhya Murali
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Global Non-destructive Testing (NDT) Equipment Market
Growth Opportunities Fuel the Growth Pipeline Engine™
Scope of Analysis
Scope of Analysis (continued)
Key Competitors
Growth Metrics
Distribution Channels
Growth Drivers
Growth Driver Analysis
Growth Driver Analysis (continued)
Growth Driver Analysis (continued)
Growth Driver Analysis (continued)
Growth Restraints
Growth Restraint Analysis
Growth Restraint Analysis (continued)
Growth Restraint Analysis (continued)
Growth Restraint Analysis (continued)
Forecast Assumptions
Revenue Forecast
Revenue Forecast by Region
Revenue Forecast by Country—NALA
Revenue Forecast by Country—Europe
Revenue Forecast by Country—APAC
Revenue Forecast by Country—MEA
Revenue Forecast by Industry Vertical
Revenue Forecast by Technology
Revenue Forecast Analysis
Growth Metrics—Ultrasonic Test Equipment
Revenue Forecast—Ultrasonic Test Equipment
Revenue Forecast by Region—Ultrasonic Test Equipment
Revenue Forecast by Industry Vertical—Ultrasonic Test Equipment
Revenue Forecast by Technology—Ultrasonic Test Equipment
Revenue Forecast—Portable Ultrasonic Test Equipment
Revenue Forecast by Region—Portable Ultrasonic Test Equipment
Revenue Forecast by Industry Vertical—Portable Ultrasonic Test Equipment
Revenue Forecast Analysis —Portable Ultrasonic Test Equipment
Revenue Forecast—Automated Ultrasonic Test Equipment
Revenue Forecast by Region—Automated Ultrasonic Test Equipment
Revenue Forecast by Industry Vertical—Automated Ultrasonic Test Equipment
Revenue Forecast Analysis—Automated Ultrasonic Test Equipment
Competitive Environment—Ultrasonic Test Equipment
Revenue Share—Ultrasonic Test Equipment
Revenue Share Analysis—Ultrasonic Test Equipment
Growth Metrics
Revenue Forecast
Revenue Forecast by Region
Revenue Forecast by Industry Vertical
Revenue Forecast Analysis
Competitive Environment
Revenue Share
Revenue Share Analysis
Growth Metrics—Radiography Test Equipment
Revenue Forecast—Radiography Test Equipment
Revenue Forecast by Region—Radiography Test Equipment
Revenue Forecast by Industry Vertical—Radiography Test Equipment
Revenue Forecast by Technology—Radiography Test Equipment
Revenue Forecast—Field Radiography Test Equipment
Revenue Forecast by Region—Field Radiography Test Equipment
Revenue Forecast by Industry Vertical—Field Radiography Test Equipment
Revenue Forecast Analysis—Field Radiography Test Equipment
Revenue Forecast—Lab Radiography Test Equipment
Revenue Forecast by Region—Lab Radiography Test Equipment
Revenue Forecast by Industry Vertical—Lab Radiography Test Equipment
Revenue Forecast Analysis—Lab Radiography Test Equipment
Revenue Forecast Analysis—Lab Radiography Test Equipment (continued)
Revenue Forecast—Film Radiography Test Equipment
Revenue Forecast by Region—Film Radiography Test Equipment
Revenue Forecast by Industry Vertical—Film Radiography Test Equipment
Revenue Forecast Analysis—Film Radiography Test Equipment
Revenue Forecast Analysis—Film Radiography Test Equipment (continued)
Competitive Environment—Radiography Test Equipment
Revenue Share—Radiography Test Equipment
Revenue Share Analysis—Radiography Test Equipment
Revenue Share Analysis—Radiography Test Equipment (continued)
Growth Metrics
Revenue Forecast
Revenue Forecast by Region
Revenue Forecast Industry Vertical
Revenue Forecast Analysis
Competitive Environment
Revenue Share
Revenue Share Analysis
Growth Metrics
Revenue Forecast
Revenue Forecast by Region
Revenue Forecast by Industry Vertical
Revenue Forecast Analysis
Revenue Forecast Analysis (continued)
Competitive Environment
Revenue Share
Revenue Share Analysis
Growth Opportunity 1: Energy Storage and Hydrogen Fuel Cells
Growth Opportunity 1: Energy Storage and Hydrogen Fuel Cells (continued)
Growth Opportunity 2: Submersible/Underwater Crawlers and Wastewater Sewers
Growth Opportunity 2: Submersible/Underwater Crawlers and Wastewater Sewers (continued)
Growth Opportunity 3: Immersion Tanks
Growth Opportunity 3: Immersion Tanks (continued)
Your Next Steps
Why Frost, Why Now?
List of Exhibits
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
Legal Disclaimer
List of Figures
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| Deliverable Type | Market Research |
|---|---|
| Author | Srividhya Murali |
| Industries | Test and Measurement Instrumentation |
| No Index | No |
| Is Prebook | No |
| Keyword 1 | Non-Destructive Testing Market |
| Keyword 2 | Non-Destructive Testing Equipment Market |
| Keyword 3 | NDT Market |
| List of Charts and Figures | Total NDT Equipment: Growth Metrics, Global, 2021 Total NDT Equipment: Distribution Channel Analysis, Global, 2018–2028 Total NDT Equipment: Growth Drivers, Global, 2022–2028 Total NDT Equipment: Growth Restraints, Global, 2022–2028 Total NDT Equipment: Revenue Forecast, Global, 2018–2028 Total NDT Equipment: Revenue Forecast by Region, Global, 2018–2028 NDT Equipment: Revenue Forecast by Country, NALA, 2018–2028 NDT Equipment: Revenue Forecast by Country, Europe, 2018–2028 NDT Equipment: Revenue Forecast by Country, APAC, 2018–2028 NDT Equipment: Revenue Forecast by Country, MEA, 2018–2028 Total NDT Equipment: Revenue Forecast by Industry Vertical, Global, 2018–2028 Total NDT Equipment: Revenue Forecast by Technology, Global, 2018–2028 Total Ultrasonic Test Equipment: Growth Metrics, Global, 2021 Total Ultrasonic Test Equipment: Revenue Forecast, Global, 2018–2028 Total Ultrasonic Test Equipment: Revenue Forecast by Region, Global, 2018–2028 Total Ultrasonic Test Equipment: Revenue Forecast by Industry Vertical, Global, 2018–2028 Total Ultrasonic Test Equipment: Revenue Forecast by Technology, Global, 2018–2028 Portable Ultrasonic Test Equipment: Revenue Forecast, Global, 2018–2028 Portable Ultrasonic Test Equipment: Revenue Forecast by Region, Global, 2018–2028 Portable Ultrasonic Test Equipment: Revenue Forecast by Industry Vertical, Global, 2018-2028 Automated Ultrasonic Test Equipment: Revenue Forecast, Global, 2018–2028 Automated Ultrasonic Test Equipment: Revenue Forecast by Region, Global, 2018–2028 Automated Ultrasonic Test Equipment: Revenue Forecast by Industry Vertical, Global, 2018–2028 Total Ultrasonic Test Equipment: Revenue Share of Top Participants, Global, 2021 Magnetic and Electromagnetic Test Equipment: Growth Metrics, Global, 2021 Magnetic and Electromagnetic Test Equipment: Revenue Forecast, Global, 2018–2028 Magnetic and Electromagnetic Test Equipment: Revenue Forecast by Region, Global, 2018–2028 Magnetic and Electromagnetic Test Equipment: Revenue Forecast by Industry Vertical, Global, 2018–2028 Magnetic and Electromagnetic Test Equipment: Revenue Share of Top Participants, Global, 2021 Total Radiography Test Equipment: Growth Metrics, Global, 2021 Total Radiography Test Equipment: Revenue Forecast, Global, 2018–2028 Total Radiography Test Equipment: Revenue Forecast by Region, 2018–2028 Total Radiography Test Equipment: Revenue Forecast by Industry Vertical, Global, 2018–2028 Total Radiography Test Equipment: Revenue Forecast by Technology, Global, 2018–2028 Field Radiography Test Equipment: Revenue Forecast, Global, 2018–2028 Field Radiography Test Equipment: Revenue Forecast by Region, 2018–2028 Field Radiography Test Equipment: Revenue Forecast by Industry Vertical, Global, 2018–2028 Lab Radiography Test Equipment: Revenue Forecast, Global, 2018–2028 Lab Radiography Test Equipment: Revenue Forecast by Region, 2018–2028 Lab Radiography Test Equipment: Revenue Forecast by Industry Vertical, Global, 2018–2028 Film Radiography Test Equipment: Revenue Forecast, Global, 2018–2028 Film Radiography Test Equipment: Revenue Forecast by Region, 2018–2028 Film Radiography Test Equipment: Revenue Forecast by Industry Vertical, Global, 2018–2028 Total Radiography Test Equipment: Revenue Share of Top Participants, Global, 2021 Remote Visual Inspection: Growth Metrics, Global, 2021 Remote Visual Inspection: Revenue Forecast, Global, 2018–2028 Remote Visual Inspection: Revenue Forecast by Region, 2018–2028 Remote Visual Inspection: Revenue Forecast by Industry Vertical, Global, 2018–2028 Remote Visual Inspection: Revenue Share of Top Participants, Global, 2021 Inspection Robots: Growth Metrics, Global, 2021 Inspection Robots: Revenue Forecast, Global, 2018–2028 Inspection Robots: Revenue Forecast by Region, Global, 2018–2028 Inspection Robots: Revenue Forecast by Industry Vertical, Global, 2018–2028 Inspection Robots: Revenue Share of Top Participants, Global, 2021 |
| Podcast | No |
| WIP Number | K554-01-00-00-00 |