by Ultrasonic non-destructive testing equipment includes ultrasonic thickness gauges, ultrasonic flaw detectors, imagers and timers which are used to examine and evaluate materials, components and systems for flaws or irregularities without damaging the item being assessed. Ultrasonic non-destructive testing equipment utilizes high frequency sound waves to examine materials. This technique is widely adopted in industries such as aerospace, manufacturing, oil and gas among others. It is used to inspect components and materials for flaws, cracks and defects. The aerospace industry has witnessed an increasing adoption of ultrasonic non-destructive testing equipment due presence of stringent quality control and safety regulations. These equipment are essential for inspecting aircraft components and structures during manufacturing and maintenance activities. They help detect flaws in critical components such as engine blades, landing gears and airframe bulkheads among others thereby ensuring safety.
The global ultrasonic non destructive testing equipment market is estimated to be valued at US$ 942.69 Mn in 2023 and is expected to exhibit a CAGR of 4.3% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
Increasing adoption of ultrasonic non-destructive testing equipment in the aerospace industry driven by stringent safety regulations is expected to drive the growth of the market over the forecast period. Aircraft manufacturers are increasingly relying on ultrasonic inspection techniques during production and maintenance activities. For instance, ultrasonic testing allows for detailed examination of critical components without dismantling aircraft parts. This significantly reduces downtime and maintenance costs. Moreover, growing air passenger traffic globally has led to rising aircraft deliveries which in turn has augmented the demand for ultrasonic inspection equipment from aircraft OEMs and MRO service providers. As per statistics, Airbus delivered 611 commercial aircrafts in 2019 while Boeing delivered 380 aircrafts. However, the high costs associated with ultrasonic non-destructive testing equipment may hamper market growth. Continued investments in R&D for development of advanced and portable ultrasonic devices offering higher resolution and accuracy provides opportunities for market growth over the forecast period.
Segment Analysis
The global ultrasonic non destructive testing equipment market can be segmented based on equipment type into ultrasonic flaw detectors, ultrasonic thickness gauges, and ultrasonic digital flaw detectors. Out of these, the ultrasonic flaw detectors segment held the largest market share of around 40% in 2020. Ultrasonic flaw detectors are widely used by various industries to detect internal defects and discontinuities in materials and structures. They are useful in applications where parts need to be tested for completeness and integrity without damaging the part itself. This segment is expected to continue dominating the market during the forecast period owing to growing need for regular inspection and monitoring across industries for safety compliance.
PEST Analysis
Political: Governments across countries are introducing stringent regulations regarding quality control and safety inspection in industries like oil & gas, aerospace, and automotive. This is positively impacting the demand for ultrasonic non destructive testing equipment.
Economic: Growing industrialization and infrastructure development activities are fueling the adoption of ultrasonic non destructive testing techniques for quality evaluation of materials and structures before commissioning. This is expected to support market growth.
Social: Increased awareness about the benefits of preventive maintenance through non destructive testing is leading end users to opt for regular inspection of assets. This is driving the ultrasonic non destructive testing equipment market.
Technological: Advancements in data collection and analysis software integrated with ultrasonic NDT devices are making inspection processes more efficient. Automation of testing procedures through robotics is also gaining traction.
Key Takeaways
The Global Ultrasonic Non Destructive Testing Equipment Market Size is expected to witness high growth over the forecast period attributed to rapid industrialization and stringent quality control regulations across industries. The global ultrasonic non destructive testing equipment market is estimated to be valued at US$ 942.69 Mn in 2023 and is expected to exhibit a CAGR of 4.3% over the forecast period 2024 to 2031.
Regional analysis: Asia Pacific region dominates the global market and is expected to grow at the fastest rate during the forecast period. This can be attributed to significant infrastructure development and expansion of manufacturing industry across China, India, Japan and other Asian countries. Countries like India and China are investing heavily in sectors such as oil & gas, power generation and transportation which utilizes ultrasonic NDT equipment on a large scale.
Key players: Key players operating in the ultrasonic non destructive testing equipment market are Aditya Birla Chemicals, Glanzstoff, Jilin Chemical Fiber Group Co. Ltd, Kelheim Fibers GmbH, LENZINGAG, Nanjing Chemical Fibre Co. Ltd, Sateri, SNIACE Group, Tangshan Sanyou Group Xingda Chemical Fibre Co. Ltd, Xinjiang Zhongtai Chemical Co. Ltd, and Yibin Grace Company Limited (Milan). These companies are focusing on new product launches and expansion strategies to strengthen their market position.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
