NDT and Inspection Market Size Worth USD 21.98 Billion By 2032 | CAGR: 9.0%

The global NDT and inspection market size is expected to reach USD 21.98 Billion by 2032, according to a new study by Polaris Market Research. The report “NDT and Inspection Market Share, Size, Trends, Industry Analysis Report, By Technique; By Service; By Method (Surface Inspection, Visual Inspection, Volumetric Inspection, Others); By Vertical; By Application; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The demand for quality control and safety measures is growing across various industries such as manufacturing, oil & gas, aerospace, automotive, and infrastructure, leading to a rapid expansion of the global market for non-destructive testing (NDT) and inspection. The market's growth is mainly fueled by the need for reliable and accurate inspection methods as products are becoming more complex and critical. This has resulted in higher adoption of NDT techniques to ensure product reliability and durability and rising awareness of safety and quality standards in different sectors.

Nevertheless, the adoption of NDT techniques is facing challenges due to the high initial investment cost for NDT equipment and personnel training, which is a significant barrier. Besides, some NDT techniques are time-consuming, leading to delays in production schedules and increased downtime. This poses a problem for companies that rely on quick turnaround times to meet customer demands.

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In order to address the challenges associated with the aging of infrastructures, coupled with the increasing demand for maintenance, it is recommended to conduct periodic health monitoring inspections of aging assets. This approach can help to extend their operational life and prevent damage by providing precise and detailed data during inspections, thereby mitigating the risk of premature and unexpected failures. The global NDT and inspection market for this service is highly competitive, with numerous players vying for market share. The market is characterized by fragmentation, as a significant number of small and medium-sized companies offer specialized services and products.

NDT and Inspection Market Report Highlights

• The market is projected to be led by the ultrasonic testing (UT) segment in 2023. This is primarily due to UT's adaptability, precision, and cost-efficiency.
• The manufacturing sector is expected to experience significant growth due to the increasing adoption of non-destructive testing (NDT) techniques. These techniques are being used by manufacturers to enhance their quality control processes and ensure that their products meet stringent safety and quality standards.
• The North American region was the dominant region in the global Non-Destructive Testing (NDT) and inspection market in 2023 due to the presence of well-established industries such as aerospace, automotive, and energy, which require regular NDT and inspection services to ensure the safety and quality of their products.
• The global key market players include Applus+, Ashtead Technology, Bureau Veritas, Comet Group, Eddyfi Technologies, EVIDENT, Fischer Technology Inc., General Electric, Intertek Group plc, Magnaflux, MISTRAS Group, Nikon Metrology NV, SGS Société Générale de Surveillance SA., Sonatest, TÜV Rheinland, among others.

Polaris Market Research has segmented the NDT and Inspection market report based on technique, service, method, vertical, application, and region:

NDT and Inspection, Technique Outlook (Revenue - USD Billion, 2019 - 2032)

• Acoustic Emission Testing (AET)
• Eddy-Current Testing (ECT)
• Liquid Penetrant Testing (LPT)
• Magnetic Particle Testing (MPT)
• Radiographic Testing (RT)
• Ultrasonic Testing (UT)
• Visual Testing (VT)

NDT and Inspection, Service Outlook (Revenue - USD Billion, 2019 - 2032)

• Calibration Services
• Equipment Rental Services
• Inspection Services
• Training Services

NDT and Inspection, Method Outlook (Revenue - USD Billion, 2019 - 2032)

• Surface Inspection
• Visual Inspection
• Volumetric Inspection
• Others

NDT and Inspection, Vertical Outlook (Revenue - USD Billion, 2019 - 2032)

• Aerospace
• Automotive
• Manufacturing
• Oil & Gas
• Power Generation
• Public Infrastructure
• Others

NDT and Inspection, Application Outlook (Revenue - USD Billion, 2019 - 2032)

• Chemical Composition Determination
• Dimensional Measurement
• Flaw Detection
• Leak Detection
• Physical Properties Estimation
• Stress & Structure Analysis
• Weld Verification

NDT and Inspection, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands
• Rest of Europe

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia
• Australia
• Rest of APAC

• Latin America

• Argentina
• Brazil
• Mexico
• Rest of Latin America

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa
• Rest of MEA

NDT and Inspection Market Report Scope