Ultrasonic Testing Market by Type (Time-of Flight Diffraction, Immersion Testing) , Equipment (Flaw Detectors, Imaging System, and Bond Testers), Service, Vertical, and Geography - Global Growth Driver and Industry Forecast to 2026
Updated on : June 06, 2024
The ultrasonic testing (UT) market is experiencing robust demand, driven by the increasing need for non-destructive testing (NDT) solutions across various industries, including aerospace, automotive, oil and gas, and manufacturing. As safety regulations and quality assurance standards become more stringent, organizations are turning to ultrasonic testing for its ability to detect internal flaws and measure material thickness without compromising the integrity of the components. Key trends shaping the market include the adoption of advanced ultrasonic testing technologies, such as phased array and time-of-flight diffraction, which enhance inspection capabilities and accuracy. Additionally, the integration of automation and artificial intelligence into ultrasonic testing equipment is streamlining operations and improving data analysis. The growing focus on predictive maintenance and asset management is further propelling the demand for ultrasonic testing services, as industries seek to reduce downtime and extend the lifespan of their assets. As technological advancements continue to evolve, the ultrasonic testing market is poised for significant growth, catering to the rising demands for safety and reliability in industrial applications.
Ultrasonic Testing Market Size & Growth
The global ultrasonic testing market size is projected to reach USD 4.2 billion by 2026, growing at a compound annual growth rate (CAGR) of 7.1% during the forecast period from 2021 to 2026.
Ultrasonic testing techniques are used primarily in engineering industries for evaluating different properties of structures, equipment, components, and materials without causing any damage.
To know about the assumptions considered for the study, Request for Free Sample Report
Ultrasonic testing is an extremely valuable technique for timely evaluation and diagnosis of faults in products. It is an important quality control tool in the manufacturing process as it allows for early detection of surface and subsurface defects in finished and work-in-progress (WIP) goods. Ultrasonic testing is used for detecting faults and structural integrity in industrial assets and public infrastructures such as factory buildings, platforms, bridges, railway lines, piping systems, and industrial machinery. Stringent government regulations regarding public safety & product quality and continuous advances in electronics, automation, and robotics are key factors driving the ultrasonic testing market growth. The high adoption of IoT devices and rising need to assess aging assets' health also propel the NDT and inspection market development.
Ultrasonic Testing Market Valuation and Overview – 2024-2030
The Ultrasonic Testing Market is projected to experience significant growth from 2024 to 2030, driven by the escalating demand for non-destructive testing (NDT) techniques across various industries such as oil & gas, aerospace, automotive, and construction. Valued for its accuracy, safety, and efficiency in detecting material flaws and structural integrity issues, ultrasonic testing is increasingly being adopted to ensure compliance with stringent safety and quality standards.
Technological advancements, including the development of phased array ultrasonic testing (PAUT) and automated ultrasonic testing (AUT) systems, are expected to enhance inspection capabilities and drive market expansion. The rising focus on infrastructure maintenance, coupled with the need for extending the lifespan of aging assets, is further propelling market growth.
North America and Europe are expected to dominate the market, attributed to their advanced industrial sectors and regulatory frameworks. However, significant growth opportunities are also anticipated in the Asia-Pacific region, driven by rapid industrialization and increasing awareness about the benefits of ultrasonic testing. As industries continue to prioritize safety and operational efficiency, the ultrasonic testing market is set to witness robust growth, with key players investing in R&D, expanding their service offerings, and pursuing strategic collaborations to strengthen their market presence.
Ultrasonic Testing Market Trends and Dynamics
DRIVERS : Stringent government regulations regarding public safety and product quality
Increasing complexity of machinery, growing requirements of precise product usage specifications, ongoing stringent implementation of government regulations to ensure the workforce's safety, and rising stringent quality control requirements are the key factors that augment the growth of the market for ultrasonic testing equipment and services. Prior evidence of infrastructure failures such as leakages in nuclear refineries, pipeline explosions, and refinery blasts has prompted governments worldwide to impose stringent safety regulations, which have fueled the demand for ultrasonic testing of equipment and services.
RESTRAINTS : A dearth of skilled and qualified personnel to carry out ultrasonic testing activities
The demand for ultrasonic testing services is gaining more momentum than ultrasonic testing equipment. Additionally, it has become important for players to enhance their global presence, and at the same time, create a highly qualified workforce for providing effective ultrasonic testing and inspection services. Thus, a qualified workforce with the required ultrasonic testing and inspection skillset is a strategic concern for companies. Stringent government regulations and the high complexity of ultrasonic testing techniques lead to the increasing requirement of skilled testers and inspectors
OPPORTUNITIES : Large-scale infrastructural developments in APAC, Europe, and Latin America
Emerging economies such as India, China, Malaysia, and Brazil are experiencing rapid infrastructural developments such as constructing new bridges, dams, railways, power plants, and refineries. This drives the demand for ultrasonic testing services and equipment, which, in turn, is expected to accelerate the growth of the companies providing ultrasonic testing services and equipment.
CHALLENGES : Limited manufacturing activities and supply chain disruptions caused by COVID-19
The main issue being faced by the manufacturing industry is supply chain disruptions. Various rules and regulations imposed by governments of different countries of the world to contain the spread of the COVID-19 include restrictions on the export and import of products and raw materials. This has led to significant supply chain issues throughout the world, causing a shortage of raw materials in various industries. As various industries cannot resume their operations, the demand for ultrasonic testing equipment and solutions has also reduced. Hence, ultrasonic testing market share is facing a drop in its size in the present situation.
The ultrasonic technique (UT) is likely to be the largest contributor in the market during the forecast period
The market for the UT (ultrasonic testing) technique is projected to largest contributor in Market. It is presently the most popular NDT technique due to its ability to identify defects and accurately determine their severity. Some advanced techniques such as ultrasonic immersion testing and guided-wave ultrasonic testing can be used for critical applications in the oil & gas and aerospace industries, among many others.
Inspection services to account for the largest market size by 2021
Ultrasonic testing and inspection services are likely to account for the largest share of the market in 2021. Ultrasonic testing techniques' primary purpose is to inspect objects, materials, machinery, and structures for defects so that they can be rectified in a timely and cost-effective manner. After inspection services, training services are likely to continue to gain the second-largest market share in the coming years since training NDT technicians to keep them updated with new technological trends and make them aware of the customers' changing demands is equally essential.
The Ultrasonic testing market in APAC to grow at the highest CAGR during the forecast period
Asia Pacific is likely to be the fastest-growing region in the ultrasonic testing market due to the rapid infrastructural development and automation adoption in manufacturing industries in countries such as India and China. Countries in Asia Pacific are involved in the manufacturing of defense aircraft, which is expected to increase ultrasonic testing equipment and services in the defense & aerospace industry. Many infrastructural development projects are under construction and scheduled to be constructed in the region during the forecast period. The demand for automobiles is estimated to grow substantially by 2026.
To know about the assumptions considered for the study, download the pdf brochure
Top Ultrasonic Testing Companies- Key Market Players
The market was dominated by ultrasonic testing companies such as Baker Hughes(US), Olympus Corporation (Japan), MISTRAS Group (US), Intertek (UK), Sonatest (UK), Zetec, Inc. (US), T.D. Williamson Inc. (US), Bosello High Technology srl (Italy), Eddyfi (Canada), and Magnaflux (US), Fischer Technology Inc. (US), Cygnus Instruments Ltd. (UK), NDT Global GmbH (Germany), Acuren (US), and LynX Inspection (Canada). A few strategies adopted by these players to compete in the ultrasonic testing market size include product launches and development, partnerships, and mergers and acquisition.
COVID-19 impact on the ultrasonic testing market growth
The COVID-19 has severely impacted the growth of the ultrasonic testing market. Global sales of ultrasonic equipment and services for key verticals such as oil & gas and aerospace declined by 5–8% in the fiscal year 2020, depending upon the virus's progression in different parts of the world. The decline in the number of new oil and exploration projects, temporary shutdown of production facilities, and reduction in crude oil prices hampered the growth of the ultrasonic testing market. However, the short-term supply chain disruptions affected the market growth of ultrasonic testing industry in key regions.
Ultrasonic Testing Market Report Scope:
|
Report Metrics |
Details |
| Estimated Market Size | USD 3.0 Billion in 2021 |
| Projected Market Size | USD 4.2 Billion by 2026 |
| Growth Rate | CAGR of 7.1% |
|
Market size available for years |
2017–2026 |
|
Base year |
2020 |
|
Forecast period |
2021–2026 |
|
Units |
Value (USD Million/ Billion), |
|
Segments covered |
Types, Equipment, Services, verticals, and geography |
|
Region covered |
North America, Europe, APAC, and RoW |
|
Companies covered |
Baker Hughes (US), Olympus Corporation (Japan), MISTRAS Group (US),Intertek(UK), Amerapex Corporation(US), and Ashtead Technology (Scotland), Sonotron NDT(Israel), Sonatest (UK), Zetec, Inc. (US), T.D. Williamson Inc. (US), Eddyfi (Canada), Fischer Technology Inc. (US), Cygnus Instruments Ltd. (UK), NDT Global GmbH (Germany), Acuren (US), and LynX Inspection (Canada) among others. |
This report categorizes the ultrasonic testing market statistics based on the type, applications, equipment, and region.
Ultrasonic Testing Market, By Type
- Time-of-flight diffraction
- Phased array
- Immersion testing
- Guided wave
- Acoustography
- Others
Ultrasonic Testing Market, By Equipment
- Flaw detectors
- Thickness gauges
- Transducers and probes
- Industrial scanners
- Tube inspection systems
- Bond testers
- Imaging systems
- Others
Ultrasonic Testing Market, By Services
- Inspection Services
- Training Services
- Equipment Rental Services
- Calibration services
Ultrasonic Testing Market, By Vertical
- Manufacturing
- Oil & Gas
- Aerospace
- Government Infrastructure
- Automotive
- Power Generation
- Marine
- Others
Ultrasonic Testing Market, By Geography
-
North America
- Us
- Canada
- Mexico
-
Europe
- UK
- France
- Germany
- Italy
- Rest of Europe (includes Switzerland, Russia, the Netherlands, and Belgium)
-
APAC
- China
- Japan
- India
- Rest of APAC (Includes Australia, South Korea, Thailand, and countries in Southeast Asia)
-
RoW
- South America
- Middle East
- Africa
Recent Developments in Ultrasonic Testing Industry
- In December 2020, Walgate Technologies, a Baker Hughes business and an industry leader in inspection solutions, introduced Phoenix Powerlscan HE solution, its first high-energy computed tomography system.
- In September 2019, MISTRAS Group acquired New Century Software (US), a leading provider of pipeline integrity management software and services to energy transportation companies.
- In June 2019, Olympus Corporation launched the DSX1000 digital microscope, which significantly improves the inspection workflow of users and enables the analysis of a wide variety of samples with a single tool.
- In May 2018, Olympus introduced the IPLEX G Lite ultra-portable industrial videoscope, which is useful for inspecting hard-to-reach areas of aircraft and piping. The device is highly efficient and easy to control.
Frequently Asked Questions (FAQ):
What is the current size of the ultrasonic testing market?
The ultrasonic testing market was valued at USD 2,802 million in 2020, growing at a 7.10% CAGR during the forecast period.
Who are the winners in the global ultrasonic testing market?
The major players operating in the ultrasonic testing market are Baker Hughes (US), Olympus Corporation (Japan), MISTRAS Group (US), Intertek (UK) and Sonatest (UK).
Which technique has the highest growth rate in the ultrasonic testing market?
Phased Array to showcase the highest growth rate during the forecast period.
Which region has the highest adoption of the ultrasonic testing market?
North America to have the largest share in the ultrasonic testing market in the year 2020.
What is the COVID-19 impact on the ultrasonic testing market?
The COVID-19 has severely impacted the growth of the ultrasonic testing market. Global sales of ultrasonic testing equipment and services for key verticals such as oil and gas and aerospace declined by 5-8% in the fiscal year 2020, depending upon the virus's progression in different parts of the world. The decline in the number of new oil and exploration projects, temporary shutdown of production facilities, and reduction in crude oil prices hamper the growth of the ultrasonic testing market. However, the short-term supply chain disruptions are expected to affect market growth in key regions. .
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Exclusive indicates content/data unique to MarketsandMarkets and not available with any competitors.
TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 29)
1.1 STUDY OBJECTIVES
1.2 DEFINITION
1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
FIGURE 1 MARKET SEGMENTATION
1.3.2 GEOGRAPHIC SCOPE
1.3.3 YEARS CONSIDERED
1.4 CURRENCY
1.5 LIMITATIONS
1.6 STAKEHOLDERS
1.7 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY (Page No. - 35)
2.1 RESEARCH DATA
FIGURE 2 ULTRASONIC TESTING MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary sources
2.1.2.2 Key industry insights
2.1.2.3 Breakdown of primary interviews
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach for arriving at market size using bottom-up approach (demand side)
FIGURE 3 BOTTOM-UP APPROACH
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH (SUPPLY SIDE)
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Approach for arriving at market size by top-down analysis (supply side)
FIGURE 5 TOP-DOWN APPROACH
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH (DEMAND SIDE)
2.3 MARKET BREAKDOWN & DATA TRIANGULATION
FIGURE 7 DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
3 EXECUTIVE SUMMARY (Page No. - 44)
TABLE 1 ULTRASONIC TESTING MARKET, 2017-2026 (THOUSAND UNITS)
FIGURE 8 ULTRASONIC TESTING MARKET SIZE, 2017–2026 (USD MILLION)
TABLE 2 PRE- AND POST-COVID-19 IMPACT ANALYSIS FOR ULTRASONIC TESTING MARKET, 2017–2025 (USD MILLION)
FIGURE 9 PHASED ARRAY TECHNIQUE IS EXPECTED TO DOMINATE ULTRASONIC TESTING MARKET DURING FORECAST PERIOD
FIGURE 10 ULTRASONIC TESTING MARKET, BY SERVICE (2021 VS. 2026)
FIGURE 11 POWER GENERATION VERTICAL TO EXHIBIT HIGHEST GROWTH BETWEEN 2021 AND 2026
FIGURE 12 NORTH AMERICA HELD LARGEST SHARE OF ULTRASONIC TESTING MARKET IN 2020
4 PREMIUM INSIGHTS (Page No. - 49)
4.1 LUCRATIVE OPPORTUNITIES IN ULTRASONIC TESTING MARKET
FIGURE 13 POWER GENERATION SECTOR TO DRIVE ULTRASONIC TESTING MARKET FROM 2021 TO 2026
4.2 ULTRASONIC TESTING MARKET, BY SERVICE
FIGURE 14 INSPECTION SERVICES TO HOLD LARGEST MARKET SIZE DURING FORECAST PERIOD
4.3 ULTRASONIC TESTING MARKET, BY EQUIPMENT AND REGION
FIGURE 15 FLAW DETECTORS AND NORTH AMERICA HELD LARGEST SHARE OF ULTRASONIC TESTING EQUIPMENT MARKET IN 2020
4.4 ULTRASONIC TESTING MARKET, BY TYPE
FIGURE 16 PHASED ARRAY METHOD TO GROW AT HIGHEST RATE IN ULTRASONIC TESTING MARKET DURING FORECAST PERIOD
4.5 ULTRASONIC TESTING MARKET, BY REGION
FIGURE 17 ULTRASONIC TESTING MARKET IN APAC TO GROW AT HIGHEST RATE DURING FORECAST PERIOD
4.6 MARKET GROWTH RATE OF MAJOR COUNTRIES, 2021–2026
FIGURE 18 MEXICAN ULTRASONIC TESTING MARKET TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD
5 MARKET OVERVIEW (Page No. - 52)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 19 ULTRASONIC TESTING MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Development of portable phased array ultrasonic testing equipment
5.2.1.2 Need for reliable non-destructive testing technique for fiberglass and carbon fiber composites in manufacturing
5.2.1.3 Growth in ultrasonic testing market services
5.2.1.4 Government mandates regarding employee safety and stringent quality control requirements
5.2.1.5 Maintenance needs of aging infrastructure
5.2.2 RESTRAINTS
5.2.2.1 Limitations of manual ultrasonic testing in detecting early stages of damage
5.2.2.2 High cost of automated ultrasonic testing equipment
5.2.3 OPPORTUNITIES
5.2.3.1 Growing infrastructure development in emerging economies
5.2.3.2 Opportunities in power generation sector
5.2.4 CHALLENGES
5.2.4.1 Decreasing oil and gas prices
5.2.4.2 Lack of skilled technicians
5.3 AVERAGE SELLING PRICE ANALYSIS
FIGURE 20 AVERAGE SELLING PRICE OF ULTRASONIC TESTING EQUIPMENT
FIGURE 21 AVERAGE SELLING PRICE, BY NDT TECHNOLOGY
5.4 LEADING ASSOCIATIONS, REGULATIONS, AND STANDARDS
5.4.1 THE AMERICAN SOCIETY FOR NON-DESTRUCTIVE TESTING
5.4.2 THE BRITISH INSTITUTE OF NON-DESTRUCTIVE TESTING
5.4.3 ASTM INTERNATIONAL
5.5 TARIFFS
TABLE 3 MFN TARIFFS FOR PARTS AND ACCESSORIES OF APPLIANCES USED FOR TESTING MECHANICAL PROPERTIES EXPORTED BY US
TABLE 4 MFN TARIFFS ON PARTS AND ACCESSORIES OF APPLIANCES USED FOR TESTING MECHANICAL PROPERTIES IMPORTED FROM CHINA
5.5.1 NEGATIVE IMPACT OF TARIFFS ON ULTRASONIC TESTING MARKET
5.5.2 POSITIVE IMPACT OF TARIFFS ON ULTRASONIC TESTING MARKET
5.6 CASE STUDIES
5.6.1 EVALUATION OF CRACKS IN PETROLEUM PIPELINE
5.6.2 IMAGE DATA PROCESSING IN AUTOMATED ULTRASONIC TESTING
5.7 PORTER’S FIVE FORCES ANALYSIS
TABLE 5 ULTRASONIC TESTING MARKET: PORTER’S FIVE FORCES ANALYSIS (2020)
5.7.1 THREAT OF NEW ENTRANTS
5.7.2 THREAT OF SUBSTITUTES
5.7.3 BARGAINING POWER OF SUPPLIERS
5.7.4 BARGAINING POWER OF BUYERS
5.7.5 INTENSITY OF COMPETITIVE RIVALRY
6 INDUSTRY TRENDS (Page No. - 68)
6.1 INTRODUCTION
6.2 VALUE CHAIN ANALYSIS
FIGURE 22 VALUE CHAIN ANALYSIS: ULTRASONIC TESTING MARKET – MAJOR VALUE IS ADDED DURING MANUFACTURING AND ASSEMBLY PHASES
6.2.1 CORE INDUSTRY SEGMENTS
6.2.1.1 Raw material providers
6.2.1.2 Component manufacturers
6.2.1.3 Assemblers
6.2.1.4 Sales and distribution and equipment services
6.2.1.5 End-use applications
6.3 KEY INDUSTRY TRENDS IN ULTRASONIC TESTING MARKET
6.4 PATENT ANALYSIS
TABLE 6 IMPORTANT INNOVATIONS AND PATENTS REGISTRATION
6.5 ECOSYSTEM/MARKET MAP
FIGURE 23 ULTRASONIC TESTING MARKET ECOSYSTEM
TABLE 7 ECOSYSTEM OF ULTRASONIC TESTING MARKET
6.6 TRADE ANALYSIS
6.6.1 IMPORT SCENARIO
FIGURE 24 IMPORT DATA OF APPLIANCES USED FOR TESTING MECHANICAL PROPERTIES FOR TOP 5 COUNTRIES, 2016–2020 (THOUSAND UNITS)
6.6.2 EXPORTS SCENARIO
FIGURE 25 EXPORT DATA OF APPLIANCES USED FOR TESTING MECHANICAL PROPERTIES, 2016–2020 (THOUSAND UNITS)
6.7 TECHNOLOGY ANALYSIS
6.7.1 KEY TECHNOLOGIES
6.7.1.1 Electromagnetic acoustic transducer (EMAT) technique
6.7.1.2 Long-range ultrasonic technique (LRUT)
6.7.2 COMPLEMENTARY TECHNOLOGIES
6.7.2.1 Dynamic thermography
6.7.2.2 Air-coupled ultrasound
6.7.3 ADJACENT TECHNOLOGIES
6.7.3.1 Positive metal identification technique
6.7.3.2 Dynamic interferometry
7 ULTRASONIC TESTING MARKET, BY TYPE (Page No. - 78)
7.1 INTRODUCTION
FIGURE 26 ULTRASONIC TESTING MARKET, BY TYPE
TABLE 8 ULTRASONIC TESTING MARKET, BY TYPE, 2017–2020 (USD MILLION)
TABLE 9 ULTRASONIC TESTING MARKET, BY TYPE, 2021–2026 (USD MILLION)
FIGURE 27 PHASED ARRAY IS EXPECTED TO DOMINATE ULTRASONIC TESTING MARKET DURING FORECAST PERIOD
7.2 PHASED ARRAY
7.2.1 FASTER ADOPTION RATE DUE TO HIGHER ACCURACY AND MINIMAL TIME CONSUMPTION IN INSPECTION AND DEFECT DETECTION
7.3 TIME-OF-FLIGHT DIFFRACTION
7.3.1 HIGH PRECISION WITH MINIMAL FAILURE RISK IS DRIVING TOFD SEGMENT
7.4 IMMERSION TESTING
7.4.1 CAPABILITY OF DETECTING SMALL DEFECTS IS DRIVING ADOPTION OF IMMERSION TESTING IN INDUSTRIAL AND MANUFACTURING SECTORS
7.5 GUIDED WAVE TESTING
7.5.1 HIGH ADOPTION RATE DUE TO LONG RANGE INSPECTION AND MONITORING CAPABILITIES
7.6 ACOUSTOGRAPHY
7.6.1 ULTRASONIC AREA INSPECTION TECHNIQUE IS ADOPTED FOR SINGLE-SIDE INSPECTION FOR IMAGING PROCESS
7.7 OTHERS
8 ULTRASONIC TESTING MARKET, BY EQUIPMENT (Page No. - 84)
8.1 INTRODUCTION
FIGURE 28 ULTRASONIC TESTING MARKET, BY EQUIPMENT
TABLE 10 ULTRASONIC TESTING MARKET, BY EQUIPMENT, 2017–2020 (USD MILLION)
TABLE 11 ULTRASONIC TESTING MARKET, BY EQUIPMENT, 2021–2026 (USD MILLION)
TABLE 12 ULTRASONIC TESTING MARKET FOR EQUIPMENT, BY REGION, 2017–2020 (USD MILLION)
TABLE 13 ULTRASONIC TESTING MARKET FOR EQUIPMENT, BY REGION, 2021–2026 (USD MILLION)
FIGURE 29 FLAW DETECTORS TO DOMINATE ULTRASONIC TESTING MARKET DURING FORECAST PERIOD
8.2 FLAW DETECTORS
8.2.1 UNIQUE IDENTIFICATION CAPABILITIES OF DISCONTINUITIES HAS INCREASED ADOPTION RATE OF FLAW DETECTORS IN DIVERSE VERTICALS
TABLE 14 ULTRASONIC TESTING MARKET FOR FLAW DETECTORS, BY VERTICAL, 2017–2020 (USD MILLION)
TABLE 15 ULTRASONIC TESTING MARKET FOR FLAW DETECTORS, BY VERTICAL, 2021–2026 (USD MILLION)
TABLE 16 ULTRASONIC TESTING MARKET FOR FLAW DETECTORS, BY REGION, 2017–2020 (USD MILLION)
TABLE 17 ULTRASONIC TESTING MARKET FOR FLAW DETECTORS, BY REGION, 2021–2026 (USD MILLION)
FIGURE 30 ULTRASONIC FLAW DETECTORS MARKET EXPECTED TO GROW AT HIGHEST CAGR IN APAC BETWEEN 2021 AND 2026
8.3 THICKNESS GAUGES
8.3.1 MEASUREMENT PRECISION DRIVES ADOPTION OF THICKNESS GAUGES IN OIL & GAS AND POWER GENERATION VERTICALS
TABLE 18 ULTRASONIC TESTING MARKET FOR THICKNESS GAUGES, BY VERTICAL, 2017–2020 (USD MILLION)
TABLE 19 ULTRASONIC TESTING MARKET FOR THICKNESS GAUGES, BY VERTICAL, 2021–2026 (USD MILLION)
TABLE 20 ULTRASONIC TESTING MARKET FOR THICKNESS GAUGES, BY REGION, 2017–2020 (USD MILLION)
TABLE 21 ULTRASONIC TESTING MARKET FOR THICKNESS GAUGES, BY REGION, 2021–2026 (USD MILLION)
8.4 TRANSDUCERS AND PROBES
8.4.1 CRITICAL INSPECTION CAPABILITIES ARE DRIVING ADOPTION OF TRANSDUCERS AND PROBES
TABLE 22 ULTRASONIC TESTING MARKET FOR TRANSDUCERS AND PROBES, BY VERTICAL, 2017–2020 (USD MILLION)
TABLE 23 ULTRASONIC TESTING MARKET FOR TRANSDUCERS AND PROBES, BY VERTICAL, 2021–2026 (USD MILLION)
FIGURE 31 POWER GENERATION EXPECTED TO DOMINATE ULTRASONIC TRANSDUCERS AND PROBES MARKET DURING FORECAST PERIOD
TABLE 24 ULTRASONIC TESTING MARKET SIZE FOR TRANSDUCERS AND PROBES, BY REGION, 2017–2020 (USD MILLION)
TABLE 25 ULTRASONIC TESTING MARKET SIZE FOR TRANSDUCERS AND PROBES, BY REGION, 2021–2026 (USD MILLION)
8.5 INDUSTRIAL SCANNERS
8.5.1 LOW COST AND IMPROVED QUALITY AND PRECISION IN SCANNING RESULTS HAS INCREASED ADOPTION OF INDUSTRIAL SCANNERS
TABLE 26 ULTRASONIC TESTING MARKET SIZE FOR INDUSTRIAL SCANNERS, BY VERTICAL, 2017–2020 (USD MILLION)
TABLE 27 ULTRASONIC TESTING MARKET SIZE FOR INDUSTRIAL SCANNERS, BY VERTICAL, 2021–2026 (USD MILLION)
TABLE 28 ULTRASONIC TESTING MARKET SIZE FOR INDUSTRIAL SCANNERS, BY REGION, 2017–2020 (USD MILLION)
TABLE 29 ULTRASONIC TESTING MARKET SIZE FOR INDUSTRIAL SCANNERS, BY REGION, 2021–2026 (USD MILLION)
8.6 TUBE INSPECTION SYSTEMS
8.6.1 LARGE-SCALE ADOPTION IN POWER GENERATION VERTICAL DUE TO HIGH-PRECISION DETECTION OF DAMAGES SUCH AS CORROSION AND CRACKS
TABLE 30 ULTRASONIC TESTING MARKET FOR TUBE INSPECTION SYSTEMS, BY VERTICAL, 2017–2020 (USD MILLION)
TABLE 31 ULTRASONIC TESTING MARKET FOR TUBE INSPECTION SYSTEMS, BY VERTICAL, 2021–2026 (USD MILLION)
FIGURE 32 NORTH AMERICA TO DOMINATE ULTRASONIC MARKET FOR TUBE INSPECTION SYSTEMS DURING FORECAST PERIOD
TABLE 32 ULTRASONIC TESTING MARKET FOR TUBE INSPECTION SYSTEMS, BY REGION, 2017–2020 (USD MILLION)
TABLE 33 ULTRASONIC TESTING MARKET FOR TUBE INSPECTION SYSTEMS, BY REGION, 2021–2026 (USD MILLION)
8.7 BOND TESTERS
8.7.1 BOND TESTERS ARE BEING HIGHLY ADOPTED IN OIL & GAS AND AEROSPACE VERTICALS
TABLE 34 ULTRASONIC TESTING MARKET FOR BOND TESTERS, BY VERTICAL, 2017–2020 (USD MILLION)
TABLE 35 ULTRASONIC TESTING MARKET FOR BOND TESTERS, BY VERTICAL, 2021–2026 (USD MILLION)
TABLE 36 ULTRASONIC TESTING MARKET FOR BOND TESTERS, BY REGION, 2017–2020 (USD MILLION)
TABLE 37 ULTRASONIC TESTING MARKET FOR BOND TESTERS, BY REGION, 2021–2026 (USD MILLION)
8.8 IMAGING SYSTEMS
8.8.1 INCREASING ADOPTION RATE DUE TO QUALITY CONTROL AND PRECISE FLAW DETECTION CAPABILITIES
TABLE 38 ULTRASONIC TESTING MARKET FOR IMAGING SYSTEMS, BY VERTICAL, 2017–2020 (USD MILLION)
TABLE 39 ULTRASONIC TESTING MARKET FOR IMAGING SYSTEMS, BY VERTICAL, 2021–2026 (USD MILLION)
TABLE 40 ULTRASONIC TESTING MARKET FOR IMAGING SYSTEMS, BY REGION, 2017–2020 (USD MILLION)
TABLE 41 ULTRASONIC TESTING MARKET FOR IMAGING SYSTEMS, BY REGION, 2021–2026 (USD MILLION)
8.9 OTHERS
TABLE 42 ULTRASONIC TESTING MARKET FOR OTHER EQUIPMENT, BY VERTICAL, 2017–2020 (USD MILLION)
TABLE 43 ULTRASONIC TESTING MARKET FOR OTHER EQUIPMENT, BY VERTICAL, 2021–2026 (USD MILLION)
TABLE 44 ULTRASONIC TESTING MARKET FOR OTHER EQUIPMENT, BY REGION, 2017–2020 (USD MILLION)
TABLE 45 ULTRASONIC TESTING MARKET FOR OTHER EQUIPMENT, BY REGION, 2021–2026 (USD MILLION)
9 ULTRASONIC TESTING MARKET, BY SERVICE (Page No. - 109)
9.1 INTRODUCTION
FIGURE 33 ULTRASONIC TESTING MARKET, BY SERVICE
TABLE 46 ULTRASONIC TESTING MARKET, BY SERVICE, 2017–2020 (USD MILLION)
TABLE 47 ULTRASONIC TESTING MARKET, BY SERVICE, 2021–2026 (USD MILLION)
FIGURE 34 INSPECTION SERVICES TO DOMINATE ULTRASONIC TESTING MARKET DURING FORECAST PERIOD
9.2 INSPECTION SERVICES
9.2.1 HIGH ADOPTION RATE DUE TO BETTER ACCURACY AND EFFICIENCY, FASTER INSPECTION, AND LOW COST
TABLE 48 ULTRASONIC TESTING MARKET FOR INSPECTION SERVICES, BY VERTICAL, 2017–2020 (USD MILLION)
TABLE 49 ULTRASONIC TESTING MARKET FOR INSPECTION SERVICES, BY VERTICAL, 2021–2026 (USD MILLION)
FIGURE 35 POWER GENERATION IS EXPECTED TO DOMINATE ULTRASONIC TESTING MARKET FOR INSPECTION SERVICES DURING FORECAST PERIOD
TABLE 50 ULTRASONIC TESTING MARKET FOR INSPECTION SERVICES, BY REGION, 2017–2020 (USD MILLION)
TABLE 51 ULTRASONIC TESTING MARKET FOR INSPECTION SERVICES, BY REGION, 2021–2026 (USD MILLION)
9.3 EQUIPMENT RENTAL SERVICES
9.3.1 LOW COST AND APPROPRIATE AVAILABILITY AS PER NEED ARE DRIVING DEMAND FOR EQUIPMENT RENTAL SERVICES
TABLE 52 ULTRASONIC TESTING MARKET FOR EQUIPMENT RENTAL SERVICES, BY VERTICAL, 2017–2020 (USD MILLION)
TABLE 53 ULTRASONIC TESTING MARKET FOR EQUIPMENT RENTAL SERVICES, BY VERTICAL, 2021–2026 (USD MILLION)
TABLE 54 ULTRASONIC TESTING MARKET FOR EQUIPMENT RENTAL SERVICES, BY REGION, 2017–2020 (USD MILLION)
TABLE 55 ULTRASONIC TESTING MARKET FOR EQUIPMENT RENTAL SERVICES, BY REGION, 2021–2026 (USD MILLION)
9.4 CALIBRATION SERVICES
9.4.1 INCREASING ADOPTION DUE TO ACCURACY IN MEASUREMENT BY REDUCING UNCERTAINTIES IN TESTING EQUIPMENT
TABLE 56 ULTRASONIC TESTING MARKET FOR CALIBRATION SERVICES, BY VERTICAL, 2017–2020 (USD MILLION)
TABLE 57 ULTRASONIC TESTING MARKET FOR CALIBRATION SERVICES, BY VERTICAL, 2021–2026 (USD MILLION)
TABLE 58 ULTRASONIC TESTING MARKET FOR CALIBRATION SERVICES, BY REGION, 2017–2020 (USD MILLION)
TABLE 59 ULTRASONIC TESTING MARKET FOR CALIBRATION SERVICES, BY REGION, 2021–2026 (USD MILLION)
9.5 TRAINING SERVICES
9.5.1 GROWING DEMAND FOR ULTRASONIC TESTING EQUIPMENT AND SERVICES IS DRIVING NEED FOR TRAINING SERVICES IN APAC AND NORTH AMERICAN REGIONS
TABLE 60 ULTRASONIC TESTING MARKET FOR TRAINING SERVICES, BY VERTICAL, 2017–2020 (USD MILLION)
TABLE 61 ULTRASONIC TESTING MARKET FOR TRAINING SERVICES, BY VERTICAL, 2021–2026 (USD MILLION)
TABLE 62 ULTRASONIC TESTING MARKET FOR TRAINING SERVICES, BY REGION, 2017–2020 (USD MILLION)
TABLE 63 ULTRASONIC TESTING MARKET FOR TRAINING SERVICES, BY REGION, 2021–2026 (USD MILLION)
FIGURE 36 ULTRASONIC TESTING MARKET FOR TRAINING SERVICES EXPECTED TO GROW AT HIGHEST RATE IN APAC DURING FORECAST PERIOD
10 ULTRASONIC TESTING MARKET, BY VERTICAL (Page No. - 123)
10.1 INTRODUCTION
FIGURE 37 ULTRASONIC TESTING MARKET, BY VERTICAL
TABLE 64 ULTRASONIC TESTING MARKET, BY VERTICAL, 2017–2020 (USD MILLION)
TABLE 65 ULTRASONIC TESTING MARKET, BY VERTICAL, 2021–2026 (USD MILLION)
FIGURE 38 POWER GENERATION EXPECTED TO GROW AT HIGHEST RATE AND DOMINATE ULTRASONIC TESTING MARKET BY 2026
TABLE 66 ULTRASONIC TESTING MARKET FOR EQUIPMENT, BY VERTICAL, 2017–2020 (USD MILLION)
TABLE 67 ULTRASONIC TESTING MARKET FOR EQUIPMENT, BY VERTICAL, 2021–2026 (USD MILLION)
TABLE 68 ULTRASONIC TESTING MARKET FOR SERVICES, BY VERTICAL, 2017–2020 (USD MILLION)
TABLE 69 ULTRASONIC TESTING MARKET FOR SERVICES, BY VERTICAL, 2021–2026 (USD MILLION)
10.2 MANUFACTURING
10.2.1 INCREASE IN ADOPTION RATE DUE TO NEED FOR MONITORING, INSPECTION, AND QUALITY CONTROL OF MATERIALS
TABLE 70 ULTRASONIC TESTING MARKET FOR MANUFACTURING VERTICAL, BY EQUIPMENT, 2017–2020 (USD MILLION)
TABLE 71 ULTRASONIC TESTING MARKET FOR MANUFACTURING VERTICAL, BY EQUIPMENT, 2021–2026 (USD MILLION)
TABLE 72 ULTRASONIC TESTING MARKET FOR MANUFACTURING VERTICAL, BY SERVICE, 2017–2020 (USD MILLION)
TABLE 73 ULTRASONIC TESTING MARKET FOR MANUFACTURING VERTICAL, BY SERVICE, 2021–2026 (USD MILLION)
10.3 OIL & GAS
10.3.1 NEED FOR PRECISION, RELIABILITY, SAFETY, AND IMPROVED UTILIZATION OF MATERIALS LED TO HIGH ADOPTION RATE IN OIL & GAS VERTICAL
10.3.2 REFINING
10.3.3 SUBSEA PIPELINES
10.3.4 STORAGE TANKS
TABLE 74 ULTRASONIC TESTING MARKET FOR OIL & GAS VERTICAL, BY EQUIPMENT, 2017–2026 (USD MILLION)
TABLE 75 ULTRASONIC TESTING MARKET FOR OIL & GAS VERTICAL, BY EQUIPMENT, 2021–2026 (USD MILLION)
FIGURE 39 ULTRASONIC FLAW DETECTORS TO HOLD LARGEST SIZE IN OIL & GAS VERTICAL DURING FORECAST PERIOD
TABLE 76 ULTRASONIC TESTING MARKET FOR OIL & GAS VERTICAL, BY SERVICE, 2017–2020 (USD MILLION)
TABLE 77 ULTRASONIC TESTING MARKET FOR OIL & GAS VERTICAL, BY SERVICE, 2021–2026 (USD MILLION)
10.4 AEROSPACE
10.4.1 NEED FOR HIGH PRECISION, INCREASED SAFETY, AND QUALITY ASSURANCE AUGMENT ADOPTION OF ULTRASONIC TESTING EQUIPMENT IN AEROSPACE VERTICAL
10.4.2 AIRCRAFT ENGINE PART PRODUCTION TO BE KEY APPLICATION AREA OF ULTRASONIC TESTING
10.4.3 AIRPLANE MAINTENANCE APPLICATIONS
TABLE 78 ULTRASONIC TESTING MARKET FOR AEROSPACE VERTICAL, BY EQUIPMENT, 2017–2020 (USD MILLION)
TABLE 79 ULTRASONIC TESTING MARKET FOR AEROSPACE VERTICAL, BY EQUIPMENT, 2021–2026 (USD MILLION)
TABLE 80 ULTRASONIC TESTING MARKET FOR AEROSPACE VERTICAL, BY SERVICE, 2017–2020 (USD MILLION)
TABLE 81 ULTRASONIC TESTING MARKET FOR AEROSPACE VERTICAL, BY SERVICE, 2021–2026 (USD MILLION)
10.5 GOVERNMENT INFRASTRUCTURE
10.5.1 RISING DEMAND FOR INFRASTRUCTURE DEVELOPMENT HAS LED TO INCREASE IN ADOPTION OF ULTRASONIC TESTING EQUIPMENT AND SERVICES
10.5.2 MILITARY & DEFENSE
10.5.3 RAILWAYS INDUSTRY
10.5.4 BRIDGES AND TUNNELS
TABLE 82 ULTRASONIC TESTING MARKET FOR GOVERNMENT INFRASTRUCTURE VERTICAL, BY EQUIPMENT, 2017–2020 (USD MILLION)
TABLE 83 ULTRASONIC TESTING MARKET FOR GOVERNMENT INFRASTRUCTURE VERTICAL, BY EQUIPMENT, 2021–2026 (USD MILLION)
TABLE 84 ULTRASONIC TESTING MARKET FOR GOVERNMENT INFRASTRUCTURE VERTICAL, BY SERVICE, 2017–2020 (USD MILLION)
TABLE 85 ULTRASONIC TESTING MARKET FOR GOVERNMENT INFRASTRUCTURE VERTICAL, BY SERVICE, 2021–2026 (USD MILLION)
10.6 AUTOMOTIVE
10.6.1 ULTRASONIC TESTING EQUIPMENT DETECT FLAWS AND CORROSION IN LARGE AUTOMOTIVE COMPONENTS
TABLE 86 ULTRASONIC TESTING MARKET FOR AUTOMOTIVE VERTICAL, BY EQUIPMENT, 2017–2020 (USD MILLION)
TABLE 87 ULTRASONIC TESTING MARKET FOR AUTOMOTIVE VERTICAL, BY EQUIPMENT, 2021–2026 (USD MILLION)
TABLE 88 ULTRASONIC TESTING MARKET FOR AUTOMOTIVE VERTICAL, BY SERVICE, 2017–2020 (USD MILLION)
TABLE 89 ULTRASONIC TESTING MARKET FOR AUTOMOTIVE VERTICAL, BY SERVICE, 2021–2026 (USD MILLION)
10.7 POWER GENERATION
10.7.1 RISING DEMAND FOR ENERGY HAS LED TO INCREASED USE OF ULTRASONIC TESTING EQUIPMENT AND SERVICES IN POWER PLANTS
10.7.2 NUCLEAR POWER DRIVES GROWTH OF ULTRASONIC TESTING IN POWER GENERATION
10.7.3 RENEWABLE ENERGY
10.7.4 FOSSIL FUEL ENERGY
TABLE 90 ULTRASONIC TESTING MARKET FOR POWER GENERATION VERTICAL, BY EQUIPMENT, 2017–2020 (USD MILLION)
TABLE 91 ULTRASONIC TESTING MARKET FOR POWER GENERATION VERTICAL, BY EQUIPMENT, 2021–2026 (USD MILLION)
TABLE 92 ULTRASONIC TESTING MARKET FOR POWER GENERATION VERTICAL, BY SERVICE 2017–2020 (USD MILLION)
TABLE 93 ULTRASONIC TESTING MARKET FOR POWER GENERATION VERTICAL, BY SERVICE 2021–2026 (USD MILLION)
FIGURE 40 INSPECTION SERVICES TO HOLD LARGEST SIZE IN ULTRASONIC TESTING MARKET FOR POWER GENERATION VERTICAL DURING FORECAST PERIOD
10.8 MARINE
10.8.1 ULTRASONIC INSPECTION SERVICES ARE USED IN MARINE SECTOR TO ENSURE INTEGRITY OF SHIPS AND THEIR COMPONENTS
TABLE 94 ULTRASONIC TESTING MARKET FOR MARINE VERTICAL, BY EQUIPMENT, 2017–2020 (USD MILLION)
TABLE 95 ULTRASONIC TESTING MARKET FOR MARINE VERTICAL, BY EQUIPMENT, 2021–2026 (USD MILLION)
TABLE 96 ULTRASONIC TESTING MARKET SIZE FOR MARINE VERTICAL, BY SERVICE, 2017–2020 (USD MILLION)
TABLE 97 ULTRASONIC TESTING MARKET SIZE FOR MARINE VERTICAL, BY SERVICE, 2021–2026 (USD MILLION)
10.9 OTHERS
10.9.1 HEALTHCARE
10.9.2 PLASTICS AND POLYMERS
TABLE 98 ULTRASONIC TESTING MARKET FOR OTHER VERTICALS, BY EQUIPMENT, 2017–2020 (USD MILLION)
TABLE 99 ULTRASONIC TESTING MARKET FOR OTHER VERTICALS, BY EQUIPMENT, 2021–2026 (USD MILLION)
TABLE 100 ULTRASONIC TESTING MARKET FOR OTHER VERTICALS, BY SERVICE, 2017–2020 (USD MILLION)
TABLE 101 ULTRASONIC TESTING MARKET FOR OTHER VERTICALS, BY SERVICE, 2021–2026 (USD MILLION)
11 GEOGRAPHIC ANALYSIS (Page No. - 152)
11.1 INTRODUCTION
FIGURE 41 ULTRASONIC TESTING MARKET, BY COUNTRY
TABLE 102 ULTRASONIC TESTING MARKET, BY REGION, 2017–2020 (USD MILLION)
TABLE 103 ULTRASONIC TESTING MARKET, BY REGION, 2021–2026 (USD MILLION)
TABLE 104 ULTRASONIC TESTING MARKET FOR EQUIPMENT, BY REGION, 2017–2020 (USD MILLION)
TABLE 105 ULTRASONIC TESTING MARKET FOR EQUIPMENT, BY REGION, 2021–2026 (USD MILLION)
TABLE 106 ULTRASONIC TESTING MARKET FOR SERVICES, BY REGION, 2017–2020 (USD MILLION)
TABLE 107 ULTRASONIC TESTING MARKET FOR SERVICES, BY REGION, 2021–2026 (USD MILLION)
11.2 NORTH AMERICA
11.2.1 DEMAND FROM GOVERNMENT INFRASTRUCTURE AND MANUFACTURING VERTICALS DRIVES ULTRASONIC TESTING EQUIPMENT AND SERVICES MARKET
FIGURE 42 SNAPSHOT OF ULTRASONIC TESTING MARKET IN NORTH AMERICA
TABLE 108 ULTRASONIC TESTING MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 109 ULTRASONIC TESTING MARKET IN NORTH AMERICA, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 110 ULTRASONIC TESTING MARKET IN NORTH AMERICA, BY EQUIPMENT, 2017–2020 (USD MILLION)
TABLE 111 ULTRASONIC TESTING MARKET IN NORTH AMERICA, BY EQUIPMENT, 2021–2026 (USD MILLION)
TABLE 112 ULTRASONIC TESTING MARKET IN NORTH AMERICA, BY SERVICE, 2017–2020 (USD MILLION)
TABLE 113 ULTRASONIC TESTING MARKET IN NORTH AMERICA, BY SERVICE, 2021–2026 (USD MILLION)
FIGURE 43 INSPECTION SERVICES TO DOMINATE NORTH AMERICAN ULTRASONIC TESTING MARKET DURING FORECAST PERIOD
11.2.2 US
11.2.2.1 US to hold largest share of ultrasonic testing market in North America by 2026
11.2.3 CANADA
11.2.3.1 Growing demand for advanced materials testing to drive ultrasonic testing market in Canada
11.2.4 MEXICO
11.2.4.1 Mexican ultrasonic testing market to grow at highest CAGR in North America during forecast period
11.3 EUROPE
11.3.1 RAPID INFRASTRUCTURAL DEVELOPMENT TO DRIVE ULTRASONIC EQUIPMENT AND SERVICES MARKET IN EUROPE
FIGURE 44 SNAPSHOT OF ULTRASONIC TESTING MARKET IN EUROPE
TABLE 114 ULTRASONIC TESTING MARKET IN EUROPE, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 115 ULTRASONIC TESTING MARKET IN EUROPE, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 116 ULTRASONIC TESTING MARKET IN EUROPE, BY EQUIPMENT, 2017–2020 (USD MILLION)
TABLE 117 ULTRASONIC TESTING MARKET IN EUROPE, BY EQUIPMENT, 2021–2026 (USD MILLION)
FIGURE 45 TUBE INSPECTION SYSTEMS TO GROW AT HIGHEST RATE IN EUROPEAN ULTRASONIC TESTING MARKET DURING FORECAST PERIOD
TABLE 118 ULTRASONIC TESTING MARKET IN EUROPE, BY SERVICE, 2017–2020 (USD MILLION)
TABLE 119 ULTRASONIC TESTING MARKET IN EUROPE, BY SERVICE, 2021–2026 (USD MILLION)
11.3.2 UK
11.3.2.1 Growing aerospace and power generation sector to drive ultrasonic testing market
11.3.3 GERMANY
11.3.3.1 Growing applications in aerospace & defense vertical to drive of ultrasonic testing market in Germany
11.3.4 FRANCE
11.3.4.1 Growing automobile vertical to drive ultrasonic testing market in France
11.3.5 ITALY
11.3.5.1 Increasing oil refining capabilities of Italy to drive ultrasonic testing market
11.3.6 REST OF EUROPE
11.4 ASIA PACIFIC
11.4.1 CHINA TO DOMINATE ULTRASONIC TESTING MARKET IN APAC DUE TO INCREASED DEMAND FROM MANUFACTURING AND OIL & GAS VERTICALS
FIGURE 46 SNAPSHOT OF ULTRASONIC TESTING MARKET IN APAC
TABLE 120 ULTRASONIC TESTING MARKET IN APAC, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 121 ULTRASONIC TESTING MARKET IN APAC, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 122 ULTRASONIC TESTING MARKET IN APAC, BY EQUIPMENT, 2017–2020 (USD MILLION)
TABLE 123 ULTRASONIC TESTING MARKET IN APAC, BY EQUIPMENT, 2021–2026 (USD MILLION)
TABLE 124 ULTRASONIC TESTING MARKET IN APAC, BY SERVICE, 2017–2020 (USD MILLION)
TABLE 125 ULTRASONIC TESTING MARKET IN APAC, BY SERVICE, 2021–2026 (USD MILLION)
11.4.2 CHINA
11.4.2.1 China accounts for largest share of ultrasonic testing market in APAC
11.4.3 JAPAN
11.4.3.1 Growth in nuclear power generation vertical in Japan to drive ultrasonic testing market
11.4.4 INDIA
11.4.4.1 Growth in domestic manufacturing industry to encourage demand for ultrasonic testing equipment and inspection services
11.4.5 REST OF APAC
11.5 REST OF THE WORLD
FIGURE 47 ROW: ULTRASONIC TESTING MARKET, 2021 VS. 2026
TABLE 126 ULTRASONIC TESTING MARKET IN ROW, BY REGION, 2017–2020 (USD MILLION)
TABLE 127 ULTRASONIC TESTING MARKET IN ROW, BY REGION, 2021–2026 (USD MILLION)
TABLE 128 ULTRASONIC TESTING MARKET IN ROW, BY EQUIPMENT, 2017–2020 (USD MILLION)
TABLE 129 ULTRASONIC TESTING MARKET IN ROW, BY EQUIPMENT, 2021–2026 (USD MILLION)
TABLE 130 ULTRASONIC TESTING MARKET IN ROW, BY SERVICE, 2017–2020 (USD MILLION)
TABLE 131 ULTRASONIC TESTING MARKET IN ROW, BY SERVICE, 2021–2026 (USD MILLION)
11.5.1 SOUTH AMERICA
11.5.1.1 Oil & gas and power generation industries to drive demand for ultrasonic testing equipment and services in South America
11.5.2 MIDDLE EAST
11.5.2.1 Growing investments in infrastructure and oil & gas sectors to drive ultrasonic testing market in Middle East
11.5.3 AFRICA
11.5.3.1 Growth in marine vertical to drive African ultrasonic testing market
12 COMPETITIVE LANDSCAPE (Page No. - 178)
12.1 OVERVIEW
12.2 MARKET EVALUATION FRAMEWORK
TABLE 132 OVERVIEW OF STRATEGIES DEPLOYED BY PLAYERS IN ULTRASONIC TESTING MARKET
12.2.1 PRODUCT PORTFOLIO
12.2.2 REGIONAL FOCUS
12.2.3 MANUFACTURING FOOTPRINT
12.2.4 ORGANIC/INORGANIC PLAY
12.3 MARKET SHARE ANALYSIS, 2020
TABLE 133 ULTRASONIC TESTING MARKET: MARKET SHARE ANALYSIS, 2020
12.4 REVENUE ANALYSIS OF TOP 4 PLAYERS IN ULTRASONIC TESTING MARKET
FIGURE 48 FIVE-YEAR REVENUE ANALYSIS OF TOP FOUR PLAYERS IN ULTRASONIC TESTING MARKET
12.5 COMPANY EVALUATION QUADRANT
12.5.1 STAR
12.5.2 EMERGING LEADER
12.5.3 PERVASIVE
12.5.4 PARTICIPANT
FIGURE 49 ULTRASONIC TESTING MARKET: COMPANY EVALUATION QUADRANT, 2020
12.6 STARTUP/SME EVALUATION MATRIX
TABLE 134 LIST OF STARTUPS IN ULTRASONIC TESTING MARKET
12.6.1 PROGRESSIVE COMPANIES
12.6.2 RESPONSIVE COMPANIES
12.6.3 DYNAMIC COMPANIES
12.6.4 STARTING BLOCKS
FIGURE 50 ULTRASONIC TESTING MARKET: STARTUP/SME EVALUATION MATRIX, 2020
12.7 COMPANY FOOTPRINT
TABLE 135 COMPANY FOOTPRINT
TABLE 136 EQUIPMENT TYPE FOOTPRINT OF COMPANIES
TABLE 137 VERTICAL FOOTPRINT OF COMPANIES
TABLE 138 REGIONAL FOOTPRINT OF COMPANIES
12.8 COMPETITIVE SITUATION & TRENDS
FIGURE 51 STRATEGIES ADOPTED BY KEY PLAYERS FROM JANUARY 2018 TO NOVEMBER 2020
12.8.1 PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 139 ULTRASONIC TESTING MARKET: PRODUCT LAUNCHES, JANUARY 2017– DECEMBER 2020
12.8.2 DEALS
TABLE 140 ULTRASONIC TESTING MARKET: DEALS, JANUARY 2017–NOVEMBER 2020
12.8.3 OTHERS
TABLE 141 ULTRASONIC TESTING MARKET: OTHERS, JANUARY 2017–DECEMBER 2020
13 COMPANY PROFILES (Page No. - 194)
(Business Overview, Products Offered, Recent Developments, COVID-19-related Development, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
13.1 KEY PLAYERS
13.1.1 MISTRAS GROUP
TABLE 142 MISTRAS GROUP: BUSINESS OVERVIEW
FIGURE 52 MISTRAS GROUP: COMPANY SNAPSHOT
13.1.2 OLYMPUS CORPORATION
TABLE 143 OLYMPUS CORPORATION: BUSINESS OVERVIEW
FIGURE 53 OLYMPUS CORPORATION: COMPANY SNAPSHOT
13.1.3 BAKER HUGHES (A SUBSIDIARY OF GE COMPANY)
TABLE 144 BAKER HUGHES: BUSINESS OVERVIEW
FIGURE 54 BAKER HUGHES: COMPANY SNAPSHOT
13.1.4 INTERTEK
TABLE 145 INTERTEK: BUSINESS OVERVIEW
13.1.5 SONATEST LTD
TABLE 146 SONATEST LTD: BUSINESS OVERVIEW
13.1.6 AMERAPEX CORPORATION
TABLE 147 AMERAPEX CORPORATION: BUSINESS OVERVIEW
13.1.7 SONOTRON NDT
TABLE 148 SONOTRON NDT: BUSINESS OVERVIEW
13.1.8 TECSCAN SYSTEMS INC
TABLE 149 TECSCAN SYSTEMS INC: BUSINESS OVERVIEW
13.1.9 ASHTEAD TECHNOLOGY
TABLE 150 ASHTEAD TECHNOLOGY: BUSINESS OVERVIEW
13.1.10 NDT SYSTEMS INC
TABLE 151 TABLE: NDT SYSTEMS INC: BUSINESS OVERVIEW
13.1.11 EDDYFI
TABLE 152 EDDYFI: BUSINESS OVERVIEW
13.1.12 APPLIED TECHNICAL SERVICES INC
TABLE 153 APPLIED TECHNICAL SERVICES INC: BUSINESS OVERVIEW
13.2 OTHER KEY PLAYERS
13.2.1 NDT GLOBAL GMBH LTD & CO.KG
13.2.2 TD WILLIAMSON INC
13.2.3 LABQUIP NDT LIMITED
13.2.4 IPROMAR PTE LIMITED
13.2.5 FPRIMEC SOLUTIONS INC
13.2.6 CYGNUS INSTRUMENTS LTD
13.2.7 ACUREN INSPECTION INC
13.2.8 DEKRA
13.2.9 ELEMENT MATERIALS TECHNOLOGY
13.2.10 FISCHER TECHNOLOGY INC
13.2.11 LYNX INSPECTION
13.2.12 CARESTREAM
13.2.13 ZETEC INC
*Details on Business Overview, Products Offered, Recent Developments, COVID-19-related Development, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
14 APPENDIX (Page No. - 253)
14.1 INSIGHTS OF INDUSTRY EXPERTS
14.2 DISCUSSION GUIDE
14.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
14.4 AVAILABLE CUSTOMIZATIONS
14.5 RELATED REPORTS
14.6 AUTHOR DETAILS
The study involved four major activities in estimating the current size of the ultrasonic testing market. Exhaustive secondary research has been done to collect information about the market, the peer market, and the parent market. Validating findings, assumptions, and sizing with industry experts across the value chain through primary research has been the next step. Both top-down and bottom-up approaches have been employed to estimate the complete market size. After that, market breakdown and data triangulation methods have been used to evaluate segment and subsegment market size.
Secondary Research
In the secondary research process, various secondary sources have been referred to identify and collect information important for this study. Secondary sources include corporate filings (such as annual reports, press releases, investor presentations, and financial statements); trade, business, and professional associations such as the America Society for Nondestructive Testing (ASNT) and British Institute of Non-Destructive Testing (BINDT); white papers, location-based marketing-related journals, certified publications, and articles from recognized authors; directories; and databases. Secondary research has been used to obtain key information about the industry’s supply chain, the market’s monetary chain, the total pool of key players; market segmentation according to industry trends to the bottommost level, geographic markets, and key developments from both market and technology oriented perspectives. The secondary data has been collected and analyzed to arrive at the overall market size, further validated through primary research.
Primary Research
In the primary research process, various primary sources from both supply and demand sides have been interviewed to obtain qualitative and quantitative information for this report. Primary sources from the supply side include CEOs, vice presidents, marketing directors, technology and innovation directors, subject matter experts (SMEs), consultants & related key executives from major companies and organizations operating in the display market. Several primary interviews have been conducted with experts from both demand and supply sides across four major regions: North America, Europe, APAC, and RoW (Middle East, South America, and Africa). Approximately 25% of the primary interviews have been conducted with the demand side and 75% with the supply side. This primary data has been collected through questionnaires, e-mails, and telephonic interviews. Following is the breakdown of primary respondents.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
In the complete market engineering process, both top-down and bottom-up approaches have been used, along with several data triangulation methods to perform market estimation and forecasting for the overall market segments and subsegments listed in this report. Extensive qualitative and quantitative analyses have been performed on the complete market engineering process to list key information/insights. The research methodology used to estimate the market size includes the following:
- Key players in major applications and markets have been identified through extensive secondary research.
- In terms of value, the industry’s supply chain and market size have been determined through primary and secondary research processes.
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation
After arriving at the overall market size from the market size estimation process explained above, the total market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments, the market breakdown and data triangulation procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both demand-and supply-side. Along with this, the market has been validated using both top-down and bottom-up approaches.
Ultrasonic Testing Market Top-down Approach
To know about the assumptions considered for the study, Request for Free Sample Report
Report Objectives
- To describe and forecast the ultrasonic testing market by type (in terms of value and volume) and by equipment, service, vertical, and geography (in terms of value)
- To provide detailed information regarding the drivers, restraints, opportunities, and challenges pertaining to the ultrasonic testing market
- To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the total market
- To analyze opportunities in the market for stakeholders by identifying high-growth segments in the ultrasonic testing market
- To strategically profile key players and comprehensively analyze their market ranking in terms of revenue and core competencies
- To provide a detailed overview of the ultrasonic testing value chain
- To analyze strategic developments such as joint ventures, agreements, mergers and acquisitions, product launches and developments, partnerships, and collaborations in the ultrasonic testing market
Available customizations:
With the given market data, MarketsandMarkets offers customizations based on the company’s specific needs. The following customization options are available for the report:
Product Analysis
- Product matrix that gives a detailed comparison of the product portfolio of each company
Company Information
- Detailed analysis and profiling of additional market players (up to 5)
Generating Response ...
Growth opportunities and latent adjacency in Ultrasonic Testing Market
Size and proportion of the Ultrasonic inspection market that is UT Gauging (i.e. spot thickness reading ) only. Does your study cover it?
I have an interest in knowing about the developments in the ultrasonic testing market. Also would like to understand how ultrasonic sensors are associated with the future trends in IoT or IIoT, as industrial applications is the major segment which we serve.
What is the scope and verticals which you have considered. Also would like to understand the major applications that are catered to this market.
I am interested in knowing the market share for the verticals that you have provided in the scope. Also would like to understand the trends in ultrasonic testing market.
I am interested specific in the laser Ultrasonic inspection machines market for composite and generally in the ultrasonic NDI for metal and composite. Does the scope include theses?