July 25, 2024
Non-Destructive Testing Market

Rising Demand For Product Quality And Safety Inspection To Boost Non-Destructive Testing Market

The Non-Destructive Testing Market is estimated to be valued at US$ 7902.72 Mn or Mn in 2023 and is expected to exhibit a CAGR of 12% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Non-destructive testing 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. It includes methods like visual inspection, ultrasonic testing, radiography, eddy-current testing, and others. These tests help evaluate material properties without altering the usability of the material or part being inspected. The techniques are extensively used in various industries like oil & gas, manufacturing, aerospace & defense, infrastructure, automotive, and power generation for quality control and failure analysis.

Market Dynamics:

The rising demand for safety inspection and quality control across industries is a key factor driving the growth of the non-destructive testing market. With increasing complexities in production processes and designs, NDT techniques help manufacturers and end-users identify material and engineering defects early to ensure product reliability and integrity. Moreover, strict government regulations regarding safety certification and increasing focus on preventative maintenance is also fueling market growth. For example, regulations mandate inspection of equipment, machines, components used in critical application areas like oil & gas pipelines, aircraft engine components, pressure vessels and more. This is increasing the demand for specialized NDT services globally. Furthermore, technological advancements leading to the development of portable NDT equipment and integration of automation and AI is expected to present lucrative opportunities for market players over the forecast period.

Segment Analysis:

The non-destructive testing market is dominated by the ultrasound testing segment, accounting for over 25% of the total market share. Ultrasound testing is widely used in industries such as aerospace, manufacturing, oil and gas for detecting internal flaws or discontinuities within materials and components. Its non-invasive nature makes it suitable for inspecting in-service components without having to dismantle or damage them. Ultrasound testing provides accurate results at affordable costs and is hence extensively used for quality control and preventive maintenance in several industries.

Pest Analysis:

  • Political: Stringent government regulations regarding workplace safety and quality control across industries are driving the adoption of non-destructive testing services. Various international quality standards and certifications also necessitate NDT.
  • Economic: Growing international trade and demand for reliable infrastructure is positively impacting the market. Industries are outsourcing NDT services to third-party testers to minimize costs.
  • Social: Increased focus on employee and public safety has led to greater emphasis on preventive maintenance techniques using NDT.
  • Technological: Advancements in digital radiography, automated Ultrasonic Testing, Computed Tomography, and remote visual inspection techniques are enhancing accuracy, speed, and scope of inspection. Portable equipment enables on-site testing.

Key Takeaways:

The Global Non-Destructive Testing Market Growth is expected to witness high, exhibiting CAGR of 12% over the forecast period, due to increasing infrastructure development and stringent safety & quality regulations. The market size for 2023 is estimated to be US$ 7902.72 Mn.

The Asia Pacific region dominated the market with over 35% share in 2023 due to large-scale investments in energy, transportation, and manufacturing industries across China, India, and Southeast Asian countries. Rapid industrialization and infrastructure growth are driving the demand for NDT services in the region.

Key players operating in the non-destructive testing market are Tech4Imaging LLC, SGS SA, ROSEN Group, Acuren Group Inc., Olympus Corporation, Mistras Group Inc., Intertek Group PLC, Applus Services SA, Infrastructure Preservation Corporation, Bureau Veritas SA, and FLIR Systems Inc. The market is relatively consolidated with top 5 players accounting for over 40% share. Key players are focusing on expanding service offerings and global footprint through acquisitions.

1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it