The Asia Pacific non-destructive testing 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. The lack of skilled inspectors and high costs of NDT services are restricting its usage in certain sectors.
The commercialization potential of non-destructive testing market is set to witness renewed momentum owing to the evolving demands of the global industrial sector and the effect of digital transformation. These services are anticipated to reach a wider range of business verticals due to the rising number of disruptive innovations and the emergence of pathbreaking technologies such as AI and IoT.
Request for Sample Copy of This Report @ https://www.gminsights.com/request-sample/detail/3201
The aerospace non-destructive testing market is expected to register a growth rate of over 6% during the forecast time period. NDT services provide effective & economical solutions for high-volume & low-cost production of various aerospace components. They are used for monitoring and testing safety-critical components without affecting their structural integrity. The services provide a highly-effective way to detect minuscule imperfections or damage in components or materials throughout their operational lifecycle. They are used to detect geometrical irregularities such as material thickness, bond line & wielding defects, delamination, porosity, foreign objects, cracks, and corrosion.
The volumetric inspection market holds over 50% share in the global non-destructive testing 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. The surface inspection 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.
Make an Inquiry for purchasing this Report @ https://www.gminsights.com/inquiry-before-buying/3201
Ultrasonic inspection services accounted for over 30% revenue in the non-destructive testing 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 market is expected to grow exponentially as it eradicates the need to stop factory operations caused due to radioactivity exposure, enhancing productivity. The radiography market is anticipated to register a growth rate of over 5% over the forecast timeline.
The visual inspection segment accounted for over 20% non-destructive testing market revenue in 2018, as the technique is easy to implement and usually eliminates the need for any further types to testing. These methods have proven to be inexpensive alternatives to volumetric & surface inspection methodologies. Some of the non-destructive testing market verticals, which use visual testing methodology include structural steel, automotive, petrochemical, aerospace, and power generation. The lack of skilled inspectors and inadequate training infrastructure have restricted its acceptance among various sectors.
Browse Complete Report Summary @ https://www.gminsights.com/industry-analysis/non-destructive-testing-ndt-service-market
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.
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Corporate Sales, USA
Global Market Insights, Inc.
Toll Free: 1-888-689-0688
Company Name: Global Market Insights Inc.
Contact Person: Arun Hegde
Email: Send Email
Phone: 1 302-846-7766
Address:4 North Main Street
Country: United States