Non Destructive Testing NDT Equipment Market Report 2024 (Global Edition)

Global Non Destructive Testing NDT Equipment Market Report 2024 Market Size Split by Technology (Radiography Testing Equipment, Ultrasonic Testing Equipment, Magnetic Particle Testing Equipment, Liqui...

Non Destructive Testing NDT Equipment Market Report Description

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Non Destructive Testing NDT Equipment Market Insights Video

Competitive Landscape of the Non Destructive Testing NDT Equipment Market

The competitive landscape of the Non-Destructive Testing (NDT) Equipment market is characterized by a mix of established players and emerging companies, each striving to capture market share through innovation, strategic partnerships, and geographical expansion.

January 2024: The American Society for Non-Destructive Testing (ASNT) announced a strategic collaboration with the Center for Non-Destructive Testing (CNDE) at Lowa State University (LSU) as a sponsor. This partnership marks an important milestone in the advancement of research and development in the area of ??inspection and sensor technologies. (Source: https://www.onestopndt.com/ndt-news/asnt-forges-strategic-partnership-as-a-sponsor-for-the-center-for-nondestructive-evaluation-at-lowa-state-university) May 2023 : MP Machinery and Testing announced the release of proprietary material testing equipment that non-destructively determines the material properties of structures and in-service components. MPM provides advanced material testing products and services for the steel, nuclear power & energy, aerospace, pipe, defense, and transportation industries. (Source: https://www.ndt.org/news.asp?ObjectID=77547)

Top Companies Market Share in Non Destructive Testing NDT Equipment Industry: (In no particular order of Rank)

• Fujifilm Holdings Corporation
• Mistras Group
• Inc.
• Zetec Inc.
• Ashtead Technology Ltd.
• Nikon Corporation
• Eddyfi Technologies Inc.
• Sonatest Ltd.
• Magnetic Analysis Corporation
• Yxlon International GmbH
• Comet Group
• Fischer Technology Inc.
• T.D. Williamson
• Inc.
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Non Destructive Testing NDT Equipment Market

Which Region Dominates the Non Destructive Testing NDT Equipment Market in 2024?

According to Cognitive Market Research, North America dominates the Non-Destructive Testing (NDT) equipment market due to its advanced industrial infrastructure and high adoption rates of NDT technologies across various sectors, including aerospace, automotive, and oil and gas. The region's emphasis on quality control and safety regulations drives significant demand for NDT solutions. Additionally, the presence of leading NDT equipment manufacturers and research institutions fosters innovation and technological advancements.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific is the fastest-growing region in the Non-Destructive Testing (NDT) equipment market due to rapid industrialization and infrastructure development across emerging economies like China and India. The region's booming manufacturing sector, coupled with increasing investments in energy, automotive, and construction industries, drives the demand for advanced NDT solutions.

The current report Scope analyzes Non Destructive Testing NDT Equipment Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Non Destructive Testing NDT Equipment Market

According to Cognitive Market Research, the global Non Destructive Testing NDT Equipment market size was estimated at USD 18548.5 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 7419.40 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Non Destructive Testing NDT Equipment market with a market size of USD 5853.91 million in 2024 and is projected to grow at a CAGR of 6.0% during the forecast period. The nation's heightened industrial activity and stringent safety regulations.
• The Canada Non Destructive Testing NDT Equipment market had a market share of USD 890.33 million in 2024 and is projected to grow at a CAGR of 7.0% during the forecast period. Canada's heightened industrial activity and stringent safety regulations.
• The Mexico Non Destructive Testing NDT Equipment market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 675.17 million in 2024.

Europe Non Destructive Testing NDT Equipment Market

According to Cognitive Market Research, the global Non Destructive Testing NDT Equipment market size was estimated at USD 18548.5 Million, out of which Europe held the market of more than 30% of the global revenue with a market size of USD 5564.55 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.5% from 2024 to 2031.

• The United Kingdom Non Destructive Testing NDT Equipment market had a market share of USD 934.84 million in 2024 and is projected to grow at a CAGR of 7.3% during the forecast period. In the UK, Non Destructive Testing NDT Equipment sales witness an upswing due to the nation's confluence of stringent regulatory standards and innovative technological advancements.
• The France Non Destructive Testing NDT Equipment market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 511.94 million in 2024.
• According to Cognitive Market Research, the German Non Destructive Testing NDT Equipment market size was valued at USD 1101.78 million in 2024 and is projected to grow at a CAGR of 6.7% during the forecast period. In Germany, Non Destructive Testing NDT Equipment surged due to the confluence of stringent regulatory standards and innovative technological advancements.
• The Italy Non Destructive Testing NDT Equipment market is projected to witness growth at a CAGR of 5.9% during the forecast period, with a market size of USD 478.55 million in 2024.
• The Russia Non Destructive Testing NDT Equipment market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD 862.51 million in 2024.
• The Spain Non Destructive Testing NDT Equipment market is projected to witness growth at a CAGR of 5.6% during the forecast period with a market size of USD 456.29 million in 2024
• The Luxembourg Non Destructive Testing NDT Equipment market is projected to witness growth at a CAGR of 6.6% during the forecast period, with a market size of USD 172.50 million in 2024.
• The Portugal Non Destructive Testing NDT Equipment market is projected to witness growth at a CAGR of 6.3% during the forecast period, with a market size of USD 116.86 million in 2024.
• The Greece Non Destructive Testing NDT Equipment market is projected to witness growth at a CAGR of 6.8% during the forecast period, with a market size of USD 66.77 million in 2024.
• Rest of Europe's Non Destructive Testing NDT Equipment market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 862.51 million in 2024.

Asia Pacific Non Destructive Testing NDT Equipment Market

According to Cognitive Market Research, the global Non Destructive Testing NDT Equipment market size was estimated at USD 18548.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 4266.16 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.

• According to Cognitive Market Research, the China Non Destructive Testing NDT Equipment market size was valued at USD 1919.77 million in 2024 and is projected to grow at a CAGR of 9.5% during the forecast period. Non Destructive Testing NDT Equipment surged in China due to the increasing industrialization and infrastructure development.
• The Japan Non Destructive Testing NDT Equipment market is projected to witness growth at a CAGR of 8.5% during the forecast period, with a market size of USD 588.73 million in 2024.
• The India Non Destructive Testing NDT Equipment market had a market share of USD 511.94 million in 2024 and is projected to grow at a CAGR of 11.8% during the forecast period. India's increasing industrialization and infrastructure development.
• The South Korean Non Destructive Testing NDT Equipment market is projected to witness growth at a CAGR of 9.1% during the forecast period, with a market size of USD 426.62 million in 2024.
• The Australian Non Destructive Testing NDT Equipment market is projected to witness growth at a CAGR of 9.7% during the forecast period, with a market size of USD 221.84 million in 2024.
• The South East Asia Non Destructive Testing NDT Equipment market is projected to witness growth at a CAGR of 11.0% during the forecast period, with a market size of USD 294.36 million in 2024.
• The Rest of Asia Pacific Non Destructive Testing NDT Equipment market is projected to witness growth at a CAGR of 9.8% during the forecast period, with a market size of USD 302.90 million in 2024.

South America Non Destructive Testing NDT Equipment Market

According to Cognitive Market Research, the global Non Destructive Testing NDT Equipment market size was estimated at USD 18548.5 Million, out of which the Latin America market has more than 5% of the global revenue with a market size of USD 927.43 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.4% from 2024 to 2031. .

• According to Cognitive Market Research, the Brazil Non Destructive Testing NDT Equipment market size was valued at USD 396.94 million in 2024 and is projected to grow at a CAGR of 8.0% during the forecast period. Non Destructive Testing NDT Equipments flourished in Brazil due to the increased industrial investment and modernization efforts.
• Argentina's Non Destructive Testing NDT Equipment market had a market share of USD 155.81 million in 2024 and is projected to grow at a CAGR of 8.3% during the forecast period. Argentina's increased industrial investment and modernization efforts.
• Colombia Non Destructive Testing NDT Equipment market is projected to witness growth at a CAGR of 7.2% during the forecast period, with a market size of USD 82.54 million in 2024.
• Peru Non Destructive Testing NDT Equipment market is projected to witness growth at a CAGR of 7.6% during the forecast period, with a market size of USD 76.05 million in 2024.
• Chile Non Destructive Testing NDT Equipment market is projected to witness growth at a CAGR of 7.7% during the forecast period, with a market size of USD 66.77 million in 2024.
• The Rest of Latin America's Non Destructive Testing NDT Equipment market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 149.32 million in 2024.

Middle East and Africa Non Destructive Testing NDT Equipment Market

According to Cognitive Market Research, the global Non Destructive Testing NDT Equipment market size was estimated at USD 18548.5 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 370.97 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.7% from 2024 to 2031..

• The GCC Countries Non Destructive Testing NDT Equipment market is projected to witness growth at a CAGR of 8.5% during the forecast period, with a market size of USD 158.78 million in 2024. Non Destructive Testing NDT Equipment sales flourish due to the increasing demand from defense and sporting industries for safer and more efficient fuels.
• The Egypt Non Destructive Testing NDT Equipment market is projected to witness growth at a CAGR of 8.0% during the forecast period, with a market size of USD 38.95 million in 2024.
• The South Africa Non Destructive Testing NDT Equipment market is projected to witness growth at a CAGR of 8.7% during the forecast period, with a market size of USD 58.61 million in 2024. Non Destructive Testing NDT Equipment sales flourish in South Africa due to increasing demand from defense and sporting industries for safer and more efficient fuels.
• The Turkey Non Destructive Testing NDT Equipment market is projected to witness growth at a CAGR of 7.2% during the forecast period, with a market size of USD 31.90 million in 2024.
• The Nigeria Non Destructive Testing NDT Equipment market is projected to witness growth at a CAGR of 6.8% during the forecast period, with a market size of USD 38.95 million in 2024.
• The Rest of MEA Non Destructive Testing NDT Equipment market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 43.77 million in 2024.

Non Destructive Testing NDT Equipment Market Analysis

Non Destructive Testing NDT Equipment Market Technology Segment Analysis

According to Cognitive Market Research, Ultrasonic Testing (UT) equipment stands out as the dominant technology. This dominance is due to the UT equipment's ability to provide detailed, accurate inspections of materials and structures, especially in detecting internal flaws and measuring thickness without causing damage. The versatility and precision of ultrasonic testing make it indispensable in critical industries such as aerospace, automotive, and manufacturing, where reliability and safety are paramount.

Eddy Current Testing (ECT) equipment is the fastest-growing technology in the Non-Destructive Testing market. The rapid growth in this category is driven by the increasing demand for efficient, high-resolution inspection methods that can detect surface and near-surface defects in conductive materials. Eddy Current testing is valued for its speed and accuracy in evaluating components used in aerospace, automotive, and power generation industries.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Non Destructive Testing NDT Equipment Industry. Request a Free Sample PDF!

Non Destructive Testing NDT Equipment Market End-use industry Segment Analysis

According to Cognitive Market Research, the Oil and Gas industry is the dominant end-use sector. This prominence is due to the critical need for maintaining the integrity and safety of pipelines, rigs, and other infrastructure. NDT equipment, such as ultrasonic and radiographic testing, plays a vital role in detecting flaws and ensuring the reliability of equipment subjected to harsh conditions. The industry's stringent safety regulations and the high cost of operational failures drive the extensive use of NDT technologies, making Oil and Gas the leading end-use segment in the NDT market.

The Aerospace and Defense sector represents the fastest-growing end-use industry for Non-Destructive Testing (NDT) equipment. This growth is fueled by the increasing need for high-precision inspection methods to ensure the safety and performance of critical components in aircraft and defense systems. With the rise in advanced materials and complex engineering designs, NDT technologies such as ultrasonic and eddy current testing are essential for detecting minute defects and ensuring compliance with stringent safety standards.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Non Destructive Testing NDT Equipment Sales channel Segment Analysis

Non Destructive Testing NDT Equipment Market Sales channel Segment Analysis

According to Cognitive Market Research, the direct sales channel is the dominant method for distributing equipment. This dominance stems from the need for specialized, high-precision equipment that requires personalized consultation and support. Direct sales allow manufacturers to provide tailored solutions, conduct in-depth technical discussions, and offer hands-on demonstrations, which are crucial for NDT applications.

The indirect sales channel is experiencing the fastest growth in the Non-Destructive Testing (NDT) Equipment Market. This growth is driven by the expanding reach of distributors and resellers who can tap into a broader customer base, including small and medium-sized enterprises that may not have direct relationships with manufacturers. Indirect sales benefit from established networks and local expertise, providing customers with easier access to NDT equipment and support services.

• Direct
• Indirect

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David Fuller

Senior Analyst at Cognitive Market Research

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I am working as a Senior Analyst with Cognitive Market Research in the areas of Industry Survey and Market Research/Analytics. I collaborate with CXOs, VPs, and other senior executives to understand their data needs and provide solutions and business strategy building.

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