Non-Destructive Testing Market is Valued at $9.2Bn in 2019

The global Non-Destructive Testing market is estimated to be valued at US$9.2bn in 2019 and is expected to record fairly healthy growth rate over the next ten years. The significant growth factor which contributes to the growth of this market is the increasing application of non-destructive testing to test the lifespan of mature infrastructure and increasing use of monitoring testing techniques. This has positively affected the growth of the market. Another major factor that is contributing to the growth of the Non-Destructive Testing market is the increasing adoption in different industry verticals including aerospace and defence, automotive, infrastructure, oil and gas, power generation, among others. The factor that is limiting the growth of the Non-Destructive Testing market is the lack of skilled professionals and the high cost of automated NDT equipment.

The report analyst commented "The rise in demand for Non-Destructive Testing across several industry verticals such as aerospace and defence, automotive, infrastructure, oil and gas, power generation is set to drive the demand of NDT across the globe. Further, this growth is complemented by an increased use of monitoring technique for non-destructive testing."

Leading companies featured in the report who are offering Non-Destructive Testing solutions and services include Ashtead Technology, Inc., Bosello High Technology S.R.L., Fujifilm Holding Corporation, GE Measurement & Control, Intertek Group PLC, Magnaflux Corporation, MISTRAS Group, Inc., Nikon Metrology, Inc., Olympus Corporation, SGS SA, Sonatest Ltd., Zetec Inc.

Source: ASDReports - Market Research
Date: Jul 22, 2019