Non Destructive Testing (NDT) Methods Global Market Trends, Active Key Players and Growth Projection Up to 2027

Non Destructive Testing (NDT) Methods 2021-2027

New Study Reports “ Non Destructive Testing (NDT) Methods 2021 Global Sizing and Growth, Dynamics, Competitive Landscape, SWOT Analysis and Forecasts 2027″ has been Added on MarketResearchFuture.

Market Overview

In the past few years, The primary focus of the report is on the status, demand, future opportunity, forecast period, and growth opportunity. Moreover, the survey report focuses on the development, manufacturing companies, key market, investors, and the cost capital. The objective of the study of the Non Destructive Testing (NDT) Methods gives a proper idea of the market present scenario so that each and every enterprise or manufacturer will not experience the issues that occur due to the lack of information.  

The study objectives of this report are continuously involved in the research of the profile of key players that are established in recent times to keep the record updated. To keep the growth rate very smooth and stable, the research team carefully go through the manufacturing company’s strategy & planning of development and then analyze them for growth opportunity.

The professional study and research report consider the growth that is estimated according to the market size every year.

According to Market Research Future Analysis, the global Non Destructive Testing (NDT) Methods is estimated to generate revenue of approximately USD 26 billion by 2023 growing at a CAGR of 8% during the forecast period 2017-2023.

Non Destructive Testing (NDT) Methods is estimated to exhibit high growth potential during the forecast period owing to the high demand across industry verticals. Rising demand among the end-use industries for non-destructive testing services drives the growth of the market. Additionally, innovation and advancement in technology and increasing market for non-destructive testing services is adding fuel to the growth of the Non Destructive Testing (NDT) Methods.

MISTRAS Group, Inc., Olympus Corporation, GE Inspection Technologies, Intertek Group PLC, SGS S.A., Olympus Corporation, and Nikon Metrology are some of the leading players in the market. MITRAS Group offers advanced NDT services, traditional NDT services, engineering services and NDT centres of excellence for all consumer demands related to non-destructive testing services. The company focusses on offering innovative solutions and keeps up with the fast pace of the technological advancements. Rise in demand to ensure safety and growing government regulations are some of the major factors driving the growth of Non Destructive Testing (NDT) Methods. With the focus on promoting the adoption of non-destructive testing services and the convenience provided to consumers, the global Non Destructive Testing (NDT) Methods is expected to grow.

Key Players

The report has profiled some of the Important players prevalent in the global like – MISTRAS Group, Inc. (U.S.), Olympus Corporation (Japan), GE Inspection Technologies (U.S.), Intertek Group PLC (U.K.), SGS S.A. (Switzerland), Olympus Corporation (Japan), Nikon Metrology, Inc. (U.S.), Ashtead Technology, Inc. (U.S.), Sonatest Ltd. (U.K), Bosello High Technology S.R.L. (Italy), and Fujifilm Holdings Corporation (Japan) among others.

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The global Non Destructive Testing (NDT) Methods is segmented by type, technique, application and vertical. The vertical segment is further classified into aerospace & defense, automotive, oil & gas, infrastructure, and power. The aerospace & defense sub-segment is expected to hold the largest market share of the overall Non Destructive Testing (NDT) Methods during the forecast period. This is owing to the increasing demand for Non Destructive Testing (NDT) Methods in the aerospace and defense sector. These non-destructive testing services help in ensuring safety during the production of complex aircraft accessories. However, the high costs of advanced non-destructive testing equipment and technical complexities involved in implementation of non-destructive testing are the major factors that could hinder the growth of global Non Destructive Testing (NDT) Methods. other factors such as the lack of awareness and skilled personnel may also hamper the market growth.

Key Stakeholders 
Non Destructive Testing (NDT) Methods Manufacturers 
Non Destructive Testing (NDT) Methods Distributors/Traders/Wholesalers 
Non Destructive Testing (NDT) Methods Subcomponent Manufacturers 
Industry Association 
Downstream Vendors

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