The Asia Pacific NDT market is expected to attain a growth rate of over 10% in the projected timeframe due to widespread industrialization and introduction of safety polices.

Selbyville, Delaware , USA - May 8, 2019 /MarketersMedia/ —

The surface inspection non-destructive testing market is projected to grow at a CAGR of over 6% due to the rising pressure on manufacturing establishments to reduce the number of external defects and irregularities. The surface inspection services have been extensively adopted in the aerospace industry due to need to conduct maintenance & repair operations over short durations.

The volumetric inspection segment holds over 50% share in the global non-destructive testing (NDT) market. The increasing use of lower grade raw material and feed stock, particularly in the oil & gas industry, and the adoption of advanced manufacturing practices in various business verticals are promoting the use of volumetric inspection services.

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Ultrasonic inspection services accounted for over 30% revenue in the NDT market in 2018. The implementation of advanced technologies and infrastructural advancements of numerous manufacturing facilities are promoting the use of ultrasonic inspection services. The phased array testing segment is expected to grow exponentially as it eradicates the need to stop factory operations caused due to radioactivity exposure, enhancing productivity.

The radiography non-destructive testing market is anticipated to register a growth rate of over 5% over the forecast timeline. The increasing number of infrastructural developments and the influx of various safety guidelines have generated numerous opportunities for the expansion of the radiography NDT market. The technology has been extensively used in the aerospace and automotive sectors to produce high tolerance components. High implementation costs associated with the technology and the lack of skilled professionals are limiting its usage in certain industry verticals.

The aerospace non-destructive testing market is projected to grow at a CAGR of over 6% during the forecast timespan, as NDT services offer an economical & efficient solution for a high-volume production of aviation components. The services provide an effective way to identify any surface & internal irregularities throughout the operational lifecycle of the components.

The oil & gas industry held over 25% of the non-destructive testing (NDT) market revenue in 2018. The services safeguard the mechanical & structural integrity of the infrastructure and equipment used in oil & gas platforms by continuous monitoring to avoid any catastrophic failures.

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Europe is leading the non-destructive testing market with over 30% share in 2018. The market is primarily driven by the increasing number of collaborative initiatives by players operating in the region and the presence of various regulatory guidelines mandating the implementation of services.

The Asia Pacific NDT market is expected to attain a growth rate of over 10% over the projected timeframe due to the widespread industrialization and introduction of safety polices. The rising demand for asset management services in the region is leading the foreign players to monetize on various growth opportunities in countries including China, India, and Japan.

Some of the companies present in the non-destructive testing market are Applus+, ALS, Dekra, MIstras Group, SGS, TUV Rheinland, Zetec, NDT Global, Nikon Metrology, NVI, Intertek, Bureau Veritas, and TUV Nord. Major players operating in Europe and North America are focusing on various inorganic growth initiatives to expand their presence in high potential markets.

Browse key industry insights spread across 300 pages with 422 market data tables & 31 figures & charts from the report, “Non-Destructive Testing (NDT) Market Size By Method (Volumetric Inspection, Surface Inspection, Visual Inspection), By Technology (Ultrasonic Inspection [Straight Beam Testing, Angle Beam Testing, Immersion Testing, Guide Wave Testing, Phased Array Testing, Time-of-Flight Diffraction {TOFD}], Radiography Testing [X-Ray Testing, Gamma Ray Testing, Film Radiography, Direct Radiography, Computed Radiography], Eddy Current Testing [Alternating Current Field Measurement {ACFM}, Remote-Field Testing, Eddy-Current Array {ECA}]), By Application (Oil & Gas, Manufacturing, Government, Automotive, Energy, Aerospace), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, Netherlands, Russia, Australia, China, India, Japan, South Korea, Brazil, Mexico, UAE, Saudi Arabia, South Africa), Growth Potential, Competitive Market Share & Forecast, 2019– 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/non-destructive-testing-ndt-service-market

Table of Contents (ToC) of the report:
Chapter 4. Non-Destructive Testing Market - Competitive Landscape, 2018
4.1. Introduction
4.2. Company market share, 2018
4.3. Merger & acquisition landscape
4.4. Competive analysis of major market players, 2018
4.4.1. ALS
4.4.2. Applus
4.4.3. Bureau Veritas
4.4.4. Dekra
4.4.5. Intertek
4.4.6. Mistras
4.4.7. NDT Global
4.4.8. Nikon Metrology
4.4.9. SGS
4.5. Other prominnet vendors
Browse Full Table of Contents (ToC) @ https://www.gminsights.com/toc/detail/non-destructive-testing-ndt-service-market

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