Non-Destructive Testing (NDT) Market to Record CAGR of 10.1% Over 2024-2032; Growing Implementation of Strict Safety Rules to Accelerate Market Expansion

The Non-Destructive Testing (NDT) market size was valued at USD 15.05 billion in 2023 and is predicted to reach USD 16.41 billion in 2024. The market is anticipated to touch USD 35.39 billion by 2032, recording a CAGR of 10.1% over 2024-2032.

Fortune Business Insights™ presents this information in its latest report titled “Non-Destructive Testing (NDT) Market Size, Share & Industry Analysis, By Technique (Ultrasonic Testing, Visual Inspection Testing, Magnetic Particle Testing, Liquid Penetrant Testing, Eddy-Current Testing, Radiographic Testing, Acoustic Emission Testing, and Others), By Offering (Equipment and Services), By Equipment (Equipment Rental, and NDT Product), By Service (Inspection Service, Training and Certification, Calibration Service, Data Analysis and Reporting, Asset Management, and Others), By Method (Visual Inspection, Surface Inspection, Volumetric inspection and Others), By Vertical (Manufacturing, Oil & Gas, Aerospace, Public Infrastructure, Automotive, Power Generation, and Others), and Regional Forecast, 2024-2032”.

Non-Destructive Testing (NDT) refers to a vast range of techniques, technologies, instruments, and methods that are used to detect any defects in a structure without causing any damage or destruction to its physical properties. NDT can be used to study the features and integrity of materials and components as well to help industries achieve their quality assurance goals. Many industries, including aerospace, oil & gas, construction, automotive, and power use NDT tools on a large scale to enhance their overall performance and efficiency. Such widespread usage will positively impact the market’s growth.

The COVID-19 pandemic decelerated the market’s progress as several industries faced severe supply chain disruptions caused by nationwide lockdowns and temporary closure of manufacturing plants. This factor resulted in delays in the production and supply of Non-Destructive Testing (NDT) equipment, thereby hampering the market’s outlook.

Waygate Technologies Launched Flagship CT Solution to Improve Detection Quality and Efficiency

Waygate Technologies, one of the most reputed developers of Non-Destructive Testing (NDT) solutions for industrial inspection, launched its new flagship Computed Tomography (CT) solution called Phoenix V|tome|x M Omni. The cutting-edge system will replace Waygate’s widely popular CT system, thereby improving the speed, flexibility, and quality of detection. This highly versatile CT system can be used in several applications, including research, evaluation in laboratory settings, 3D metrology, and accurate automated inspection in production environments.

Growing Implementation of Strict Safety Rules to Accelerate Market Expansion

Governments and regulatory authorities across the globe are introducing a wide range of safety rules and regulations to safeguard the environment and public health. Organizations are required to adhere to these safety regulations laws to stay in business. This factor is expected to boost the demand for Non-Destructive Testing (NDT) tools as they can help them comply with these regulations. They play a key role in detecting flaws in pipes, structures, and other equipment.

However, the high cost of equipment and severe dearth of skilled professionals can adversely impact the Non-Destructive Testing (NDT) market growth.

Leading Companies to Engage in Partnerships and Collaborations to Cement Market Dominance

Some of the key companies operating in the Non-Destructive Testing (NDT) market include Mistras Group, Commet Holding AG, Bureau Veritas SA, Intertek Group PLC, and Applus Services, S.A., among several others. These firms are entering collaborations, partnerships, and mergers with other organizations to help them retain their dominance in the market and expand their market share.

Notable Industry Development:

• May 2022 - Eddyfi Technologies, a Canadian producer of state-of-the-art inspection technology tools, introduced Panther™ 2, an innovative solution for versatile and quick industrial inspection operations. By integrating technologies, such as Total Focusing Method (TFM) and Phased Array Ultrasonic Testing (PAUT), Panther™ 2 provides cutting-edge performance. Its sleek black design and upgraded electronics increase the durability and reliability of testing operations in demanding industrial environments.

List of the Companies Profiled in the Report:

• Applus Services, S.A. (Spain)


• Bureau Veritas SA (France)


• Commet Holding AG (Switzerland)


• Intertek Group PLC (U.K.)


• Mistras Group (U.S.)


• Nikon Metrology Inc. (Japan)


• Olympus Corporation (Japan)


• Previan Technologies Inc. (Canada)


• SGS S.A (U.S.)


• Team Inc. (Germany)


• TÜV Rheinland AG (U.S.)


• Waygate Technologies Inc. (Germany)

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/non-destructive-testing-ndt-market-103596

Further Report Findings

• North America captured the largest global Non-Destructive Testing (NDT) market share in 2023 due to the rising presence of leading OEMs and service providers across the region.


• Asia Pacific accounted for a major market share in the base year and might emerge as the fastest-growing region during the forecast period as many countries across the region are witnessing a robust growth in their infrastructural development. Moreover, rising investments in infrastructure projects, such as railways, highways, and power plants will further accelerate the adoption of NDT equipment.


• Based on technique, the ultrasonic testing segment is dominating the market due to the strong expansion of infrastructure projects in various countries across the world. This method uses high-frequency ultrasonic soundwaves to analyze and evaluate the internal structure.

Table of Segmentation