ÌÇÐÄvlog´«Ã½

Non-Destructive Testing Market Analysis

The NDT Market size is estimated at USD 21.23 billion in 2024, and is expected to reach USD 30.22 billion by 2029, growing at a CAGR of 7.32% during the forecast period (2024-2029).

• The non-destructive testing (NDT) market is anticipated to witness robust growth owing to several factors, such as increased emphasis on safety, integrity, and reliability, expansion of the power generation sector, technological advancements like AL, ML, industry 4.0, industrial IoT, and an upsurge in manufacturing activities.
• Furthermore, increased oil and gas, construction projects, and rising defense expenditures of various countries create significant demand for NDT equipment and services. Further, rising sales of electric vehicles and autonomous cars fuel demand for non-destructive testing equipment and services in the automotive sector.
• In the automotive industry, non-destructive testing (NDT) is widely adopted to inspect automotive components after forging, heat treatment, and machining to ensure they meet established standards. NDT is also critical for examining welds that join body panels and components, ensuring they have adequate penetration, are free of inclusions, and are devoid of defects that could compromise vehicle safety or reliability. The growing demand for electric and autonomous vehicles creates a huge demand for the NDT.
• The lack of skilled personnel and training facilities significantly restrains the growth of this market. One of the primary challenges faced by the NDT market is the shortage of skilled personnel. The effective utilization of NDT requires a high level of technical expertise and proficiency in interpreting and analyzing test results.
• Geopolitical challenges, including the Russian invasion of Ukraine, China-US competition, elections, and the war in Israel, significantly impact the global supply chain, especially critical raw materials vital for traditional industries, defense, high-tech sectors, aerospace, and green energy.
• The Russia-Ukraine war and economic slowdown caused significant disruption in the NDT industry. The increased inflation and interest rates reduced consumer spending, hampered the industry’s demand, and led to slow growth in the market. Furthermore, the trade war between the United States and China further disturbed the global supply chain. Owing to strict export and import controls on China by the United States for semiconductor equipment hampers the production of oil and gas, power and energy, construction, and the automotive sector in China.

Non-Destructive Testing Industry Segmentation

Non-destructive testing (NDT) assesses material, component, or system properties without causing harm. It is pivotal in the aerospace, automotive, construction, and manufacturing industries. NDT primarily detects flaws like cracks, voids, and inclusions and can gauge material thickness, metal hardness, and composite properties. The study monitors the revenue generated by the sales of the Non-destructive testing market globally.

The Non-destructive Testing market is segmented by type (equipment, service), by technology (radiography testing, ultrasonic testing, magnetic particle testing, liquid penetrant testing, visual inspection testing, and eddy current testing, other testing technologies), by end-user industry (oil and gas, power and energy, construction, automotive and transportation, aerospace, defense, other end-user industries), and by geography (North America [United States, Canada], Europe [Germany, United Kingdom, France, Rest of Europe], Asia-Pacific [China, Japan, India, Rest of Asia Pacific], Latin America [Brazil, Argentina, Mexico, Rest of Latin America], Middle East and Africa [United Arab Emirates, Saudi Arabia, South Africa, Rest of the Middle East and Africa]). The report offers market forecasts and size in value (USD) for all the above segments.