Global Non-Destructive Testing Inspection Services Market, Forecast to 2022

Global Non-Destructive Testing Inspection Services Market, Forecast to 2022

Oil & Gas Market Recovery and Online Monitoring Technologies Drive Growth

RELEASE DATE
12-Oct-2018
REGION
Global
Research Code: K278-01-00-00-00
SKU: TM00551-GL-MR_22432

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Description

The non-destructive testing (NDT) inspection services market rebounded in 2017 after two years of negative growth. It is expected to transform over the next five years with the advent of new technologies, changing customer requirements regarding connectivity and analytics features, and novel business models. The market was worth $8.79 billion in 2017, and is expected to reach $10.71 billion by 2022 at a CAGR of 4.0%.The recovery of oil & gas prices, stricter government regulations for testing, and technology advancements such as data analytics have prompted service providers to alter their roadmaps. This study identifies key growth opportunities while detailing the challenges and possible threats. The forecast period is from 2018 to 2022, with 2017 as the base year.

Research Scope

The current market size for 2017 and forecasts till 2022 is provided for each of the following segments:

Technology Segments:

  • Ultrasonic
  • Radiography
  • Electromagnetic
  • Visual Inspection
  • Penetrant Test

End-user Verticals:

  • Oil & Gas
  • Power Generation
  • Aerospace
  • Automotive
  • Railways
  • Manufacturing & Process Industries
  • Others (Ship-building, Construction, and Infrastructure)

Geography Regions:

  • North America
  • Europe
  • Asia Pacific
  • Rest of World - Includes Latin America, Middle East, and Africa

Key Issues Addressed

  • Is the NDT inspection services market growing, how long will it continue to grow for, and at what rate?
  • What are the key growth drivers and restraints for the market? Are there any potential future challenges that could restrict the growth of this market?
  • Who are the leading participants and what are their market shares? How has the oil price drops affected the NDT inspection services market and what does the future look like?
  • Which regions are expected to have the highest growth potential? Can North America maintain its position as a key revenue contributor in the face of rising global competition?
  • What is the impact of convergence technologies such as connectivity and predictive analytics? How do these influence innovative business models?
  • Which applications and industries will drive the demand for the NDT inspection services market? Will the traditional end-user segments continue to be the largest revenue generators?

Table of Contents

Key Findings

Market Engineering Measurements

CEO’s Perspective

Market Definitions

Market Segmentation

Market Engineering Measurements

Revenue Forecast

Percent Revenue Forecast by Region

Revenue Forecast by Region

Percent Revenue Forecast by Technology

Revenue Forecast by Technology

Revenue Forecast by Vertical Market

Market Share

Market Share Analysis

Competitive Environment

Competitive Factors and Assessment

Transformation in NDT Inspection Services Industry Ecosystem

Growth Opportunity—Technology Advancement

5 Major Growth Opportunities for NDT Equipment

Strategic Imperatives for Success and Growth

Impact of Mega Trends on the Non-Destructive Test Equipment Market

Connectivity and Convergence

Big Data Analytics

Opportunities in Big Data and Prescriptive Analytics

Evolution of Big Data in NDT Applications

Prescriptive Analytics—The Next Evolution

Industry 4.0

Artificial Intelligence—Incorporating Robots in the Workflow

Drone Inspection

Major Shifts Affecting Markets for Next Decade

Industry 4.0 Disrupting NDT Services and Future Vision

Impact of Digital Technologies in NDT Inspection Services

Implications and Replacement of Periodic Inspection with Permanent NDT Inspection Services

NDT Inspection Services and New Business Models

Reshaping the NDT Inspection Services Value Proposition

NDT Services 2.0 Enablers Landscape

The Last Word—3 Big Predictions

Legal Disclaimer

Market Engineering Methodology

List of Companies in “Others”

Partial List of Companies Interviewed

Learn More—Next Steps

List of Exhibits

List of Figures
  • 1. Total NDT Inspection Services Market: Key Market Drivers, Global, 2018–2022
  • 2. Total NDT Inspection Services Market: Key Market Restraints, Global, 2018–2022
  • 3. Total NDT Inspection Services Market: Market Engineering Measurements, Global, 2017
  • 4. Total NDT Inspection Services Market: Revenue Forecast by Region, Global, 2015–2022
  • 5. Total NDT Inspection Services Market: Revenue Forecast by Technology, Global, 2015–2022
  • 6. Total NDT Inspection Services Market: Company Market Share Analysis of Top 7 Participants, Global, 2017
  • 7. Total NDT Inspection Services Market: Competitive Structure, Global, 2017
  • 8. Total NDT Inspection Services Market: Mega Trend Impact, Global, 2017–2022
List of Charts
  • 1. Total NDT Inspection Services Market: Market Engineering Measurements, Global, 2017
  • 2. Total NDT Inspection Services Market: Percent Revenue Breakdown by Technology, Global, 2017
  • 3. Total NDT Inspection Services Market: Revenue Forecast, Global, 2015–2022
  • 4. Total NDT Inspection Services Market: Percent Revenue Forecast by Region, Global, 2015–2022
  • 5. Total NDT Inspection Services Market: Percent Revenue Forecast by Technology, Global, 2015–2022
  • 6. Total NDT Inspection Services Market: Revenue Forecast by Vertical Market, Global, 2015–2022
  • 7. Total NDT Inspection Services Market: Percent Revenue Breakdown, Global, 2017
  • 8. NDT Market: Evolution of Big Data in NDT Equipment, Global, 2000–2022
  • 9. NDT Inspection Services Market: Major Shifts Affecting Markets, Global, 2018–2022
  • 10. NDT Inspection Services Market: NDT Services 2.0 Vision, Global, 2018–2022
  • 11. NDT Inspection Services Market: Business Models, Global, 2018–2022
  • 12. NDT Inspection Services Market: Service Business Transformation Framework, Global, 2018–2022
  • 13. NDT Inspection Services Market: Services 2.0 Key Enablers Landscape, Global, 2017
Related Research
The non-destructive testing (NDT) inspection services market rebounded in 2017 after two years of negative growth. It is expected to transform over the next five years with the advent of new technologies, changing customer requirements regarding connectivity and analytics features, and novel business models. The market was worth $8.79 billion in 2017, and is expected to reach $10.71 billion by 2022 at a CAGR of 4.0%.The recovery of oil & gas prices, stricter government regulations for testing, and technology advancements such as data analytics have prompted service providers to alter their roadmaps. This study identifies key growth opportunities while detailing the challenges and possible threats. The forecast period is from 2018 to 2022, with 2017 as the base year.--BEGIN PROMO--

Research Scope

The current market size for 2017 and forecasts till 2022 is provided for each of the following segments:

Technology Segments:

  • Ultrasonic
  • Radiography
  • Electromagnetic
  • Visual Inspection
  • Penetrant Test

End-user Verticals:

  • Oil & Gas
  • Power Generation
  • Aerospace
  • Automotive
  • Railways
  • Manufacturing & Process Industries
  • Others (Ship-building, Construction, and Infrastructure)

Geography Regions:

  • North America
  • Europe
  • Asia Pacific
  • Rest of World - Includes Latin America, Middle East, and Africa

Key Issues Addressed

  • Is the NDT inspection services market growing, how long will it continue to grow for, and at what rate?
  • What are the key growth drivers and restraints for the market? Are there any potential future challenges that could restrict the growth of this market?
  • Who are the leading participants and what are their market shares? How has the oil price drops affected the NDT inspe
More Information
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Podcast No
Table of Contents | Executive Summary~ || Key Findings~ || Market Engineering Measurements~ || CEO’s Perspective~ | Market Overview~ || Market Definitions~ || Market Segmentation~ | Drivers and Restraints—Total NDT Inspection Services Market~ || Market Drivers~ || Market Restraints~ | Forecasts and Trends—Total NDT Inspection Services Market~ || Market Engineering Measurements~ || Revenue Forecast~ || Percent Revenue Forecast by Region~ || Revenue Forecast by Region~ || Percent Revenue Forecast by Technology~ || Revenue Forecast by Technology~ || Revenue Forecast by Vertical Market~ | Market Share and Competitive Analysis—Total NDT Inspection Services Market~ || Market Share~ || Market Share Analysis~ || Competitive Environment~ || Competitive Factors and Assessment~ | Growth Opportunities and Companies to Action~ || Transformation in NDT Inspection Services Industry Ecosystem~ || Growth Opportunity—Technology Advancement~ || 5 Major Growth Opportunities for NDT Equipment~ || Strategic Imperatives for Success and Growth~ | Mega Trends and Industry Convergence Implications~ || Impact of Mega Trends on the Non-Destructive Test Equipment Market~ | Connectivity and Convergence Implications~ || Connectivity and Convergence~ || Big Data Analytics~ || Opportunities in Big Data and Prescriptive Analytics~ || Evolution of Big Data in NDT Applications~ || Prescriptive Analytics—The Next Evolution~ || Industry 4.0~ || Artificial Intelligence—Incorporating Robots in the Workflow~ || Drone Inspection~ | NDT Inspection Services 2.0 and Future Scenarios~ || Major Shifts Affecting Markets for Next Decade~ || Industry 4.0 Disrupting NDT Services and Future Vision~ || Impact of Digital Technologies in NDT Inspection Services~ || Implications and Replacement of Periodic Inspection with Permanent NDT Inspection Services~ || NDT Inspection Services and New Business Models~ || Reshaping the NDT Inspection Services Value Proposition~ || NDT Services 2.0 Enablers Landscape~ | The Last Word~ || The Last Word—3 Big Predictions~ || Legal Disclaimer~ | Appendix~ || Market Engineering Methodology~ || List of Companies in “Others”~ || Partial List of Companies Interviewed~ || Learn More—Next Steps~ || List of Exhibits~
Predecessor N94C-01-00-00-00
List of Charts and Figures 1. Total NDT Inspection Services Market: Key Market Drivers, Global, 2018–2022~ 2. Total NDT Inspection Services Market: Key Market Restraints, Global, 2018–2022~ 3. Total NDT Inspection Services Market: Market Engineering Measurements, Global, 2017~ 4. Total NDT Inspection Services Market: Revenue Forecast by Region, Global, 2015–2022~ 5. Total NDT Inspection Services Market: Revenue Forecast by Technology, Global, 2015–2022~ 6. Total NDT Inspection Services Market: Company Market Share Analysis of Top 7 Participants, Global, 2017~ 7. Total NDT Inspection Services Market: Competitive Structure, Global, 2017~ 8. Total NDT Inspection Services Market: Mega Trend Impact, Global, 2017–2022~| 1. Total NDT Inspection Services Market: Market Engineering Measurements, Global, 2017~ 2. Total NDT Inspection Services Market: Percent Revenue Breakdown by Technology, Global, 2017~ 3. Total NDT Inspection Services Market: Revenue Forecast, Global, 2015–2022~ 4. Total NDT Inspection Services Market: Percent Revenue Forecast by Region, Global, 2015–2022~ 5. Total NDT Inspection Services Market: Percent Revenue Forecast by Technology, Global, 2015–2022~ 6. Total NDT Inspection Services Market: Revenue Forecast by Vertical Market, Global, 2015–2022~ 7. Total NDT Inspection Services Market: Percent Revenue Breakdown, Global, 2017~ 8. NDT Market: Evolution of Big Data in NDT Equipment, Global, 2000–2022~ 9. NDT Inspection Services Market: Major Shifts Affecting Markets, Global, 2018–2022~ 10. NDT Inspection Services Market: NDT Services 2.0 Vision, Global, 2018–2022~ 11. NDT Inspection Services Market: Business Models, Global, 2018–2022~ 12. NDT Inspection Services Market: Service Business Transformation Framework, Global, 2018–2022~ 13. NDT Inspection Services Market: Services 2.0 Key Enablers Landscape, Global, 2017~
Author Prem Shanmugam
Industries Test and Measurement Instrumentation
WIP Number K278-01-00-00-00
Is Prebook No
GPS Codes 9404-A5,9426,9594