Non-Destructive Testing and Inspection Market by Technique (Visual Testing,

Non-Destructive Testing and Inspection Market by Technique (Visual Testing,

Magnetic Particle, Liquid Penetrant, Eddy-Current, Ultrasonic, Radiographic, Acoustic Emission), Method, Service, Vertical, and Geography - Global Forecast to 2024



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The non-destructive testing and inspection market is estimated to grow from USD 8.3 billion in 2018 to USD 12.6 billion by 2024, it is expected to grow at a CAGR of 7.24% from 2018 to 2024. Non-destructive testing (NDT) techniques are primarily used in engineering industries for evaluating different properties of structures, equipment, components, and materials without causing any damage. NDT Market and inspection 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. NDT is also 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 and product quality, and continuous advances in electronics, automation, and robotics are a few key factors driving the growth of the NDT Market and inspection market. The high adoption of IoT devices and rising need to assess the health of aging assets also propel the growth of the NDT Market and inspection market.

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Auteur MarketsandMarkets™
Edité par MARKETS-MARKETS
Type de document Rapport