NDT and Inspection Markets, 2025: Visual Testing, Magnetic Particle, Liquid Penetrant, Eddy-Current, Ultrasonic, Radiographic, Acoustic Emission - ResearchAndMarkets.com

The "NDT and Inspection Market with COVID-19 Impact by Technique (Visual Testing, Magnetic Particle, Liquid Penetrant, Eddy-Current, Ultrasonic, Radiographic, Acoustic Emission), Method, Service, Vertical, and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The Global NDT and Inspection Market Size is Estimated to Grow from USD 8.4 Billion in 2020 to USD 11.7 Billion by 2025, at a CAGR of 7.0%.

Stringent government regulations regarding public safety & product quality and continuous advances in electronics, automation, and robotics are a few major factors driving the NDT and inspection market growth. The high adoption of IoT devices and the rising need to assess the health of aging assets are the other factors that propel the development of the NDT and inspection market.

Based on techniques, the market for the eddy-current testing (ECT) technique to witness a high CAGR during the forecast period.

The eddy-current testing technique is expected to multiply during the forecast period from 2020 to 2025. This technique is used to measure or identify the surface and alloy content, subsurface cracks & seams, conductivity, heat treatment variations, crack depth, coating thickness, and permeability. It is used widely in the aerospace and manufacturing verticals and service environments that inspect safety or quality-related issues. The eddy-current testing approach is used to check surface-breaking cracks on metals and inspect discontinuities in metal tubes.

Training services to grow at the highest CAGR during the forecast period.

Training services are likely to continue to gain the second-largest market share in the coming years since training NDT technicians to keep them updated with new technological trends and make them aware of the customers' changing demands is equally essential. The market for training services is expected to grow at the highest CAGR during the forecast period.

APAC to be the fastest-growing market for non-destructive testing and inspection activities

Asia Pacific is likely to be the fastest-growing region in the NDT and inspection market due to the rapid infrastructural development and automation adoption in manufacturing industries in countries such as India and China. The Make in India campaign promotion by the government and the development in the Smart Cities project provide lucrative opportunities for the players in the NDT and inspection market in India. The market in India is expected to grow at the highest CAGR during the forecast period.

General Electric (US), Olympus Corporation (Japan), Ashtead Technology (UK), MISTRAS Group (US), and Nikon Metrology (Belgium) are a few leading companies in the NDT and inspection market.

Companies Mentioned

• Acuren Inspection Inc.
• Ashtead Technology
• Bosello High Technology Srl
• Carestream
• Cygnus Instruments Ltd
• Dekra
• Eddyfi
• Element Materials Technology
• Fischer Technology Inc.
• Fprimec Solutions Inc.
• General Electric
• Intertek
• Ipromar Pte Ltd
• Labquip NDT Limited
• Lynx Inspection
• Magnaflux Corporation
• Mistras Group
• NDT Global GmbH & Co. Kg
• Nikon Metrology
• Olympus Corporation
• SGS S.A.
• Sonatest Ltd.
• Td Williamson, Inc.
• Yxlon International GmbH
• Zetec Inc.

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