Non Destructive Testers (NDT) Equipment Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2023 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0207047
  • Format: Electronic (PDF)
  • Number of Pages: 198
  • Author(s): Joshi, Madhavi

Report Overview

The Non Destructive Testers (NDT) Equipment Market size was estimated at USD 6.2 billion in 2023 and is projected to reach USD 11 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 8.70% during the forecast period (2024-2030).

Non Destructive Testers (NDT) Equipment Market

(Market Size)
$6.2 billion
$11 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 8.70%
2023 Market Size USD 6.2 billion
2030 Market Size USD 11 billion
Key Players Olympus, Baker Hughes, Mistras, Zetec, Eddyfi

Market Summary

The non-destructive testers (NDT) equipment market is a critical segment within the broader machinery and equipment industry, focused on technologies and devices used to evaluate the properties of materials, components, and systems without causing damage. This market serves a wide array of sectors including aerospace, automotive, oil and gas, infrastructure, and manufacturing, where safety, quality assurance, and regulatory compliance are paramount. The demand for NDT equipment is driven by the necessity to ensure structural integrity, prevent failures, and extend the lifespan of assets, making it indispensable in both industrial and infrastructural applications. Key technologies encompass ultrasonic testing, radiographic testing, magnetic particle testing, liquid penetrant testing, eddy current testing, and visual inspection methods, each suited to specific material types and defect detection requirements.

Advancements in digitalization, automation, and the integration of artificial intelligence and IoT are reshaping the NDT landscape, enhancing accuracy, efficiency, and data management capabilities. The market is characterized by a blend of established multinational corporations and specialized innovators, all competing on technology sophistication, reliability, and service support. Geographically, developed regions with strong industrial bases and stringent safety regulations lead in adoption, while emerging economies are witnessing accelerated growth due to industrialization and infrastructure development. The ongoing emphasis on predictive maintenance and asset management further propels market expansion, as industries seek to minimize downtime and operational risks through proactive inspection strategies.

Key Highlights

One of the foremost highlights in the non-destructive testers equipment market is the rapid integration of advanced technologies such as robotics, drones, and digital twins into inspection processes. These innovations enable access to hazardous or hard-to-reach areas, improve inspection speed, and enhance data precision, thereby reducing human error and operational costs. Additionally, the shift towards portable and handheld NDT devices has gained significant traction, offering flexibility and convenience for field inspections across industries like oil and gas, power generation, and civil engineering. The development of phased array ultrasonic testing (PAUT) and time-of-flight diffraction (TOFD) techniques represents another key highlight, providing superior defect detection and imaging capabilities compared to conventional methods.

Another notable trend is the increasing adoption of NDT services in the renewable energy sector, particularly for wind turbine blades, solar panels, and nuclear power components, where structural health monitoring is crucial for efficiency and safety. The market is also witnessing a surge in demand for training and certification services, as skilled technicians are essential for effective NDT implementation. Furthermore, regulatory standards and compliance requirements, such as those from ASME, ASTM, and ISO, continue to evolve, driving the need for advanced equipment that meets these stringent guidelines. The emphasis on sustainability and reducing environmental impact through extended asset lifecycles further underscores the strategic importance of NDT technologies in modern industrial operations.

Drivers, Opportunities & Restraints

The primary drivers fueling the non-destructive testers equipment market include stringent government regulations and safety standards across industries, which mandate regular inspections to prevent accidents and ensure public safety. The growing emphasis on infrastructure maintenance and modernization, especially in aging structures like bridges, pipelines, and power plants, is another significant driver, as NDT techniques help identify defects early and avoid catastrophic failures. Additionally, the expansion of the aerospace and automotive sectors, where component reliability is critical, boosts demand for high-precision NDT equipment. The rise of Industry 4.0 and smart manufacturing initiatives also drives adoption, as integrated NDT systems contribute to automated quality control and predictive maintenance strategies.

Opportunities in the market abound with the increasing application of NDT in emerging sectors such as renewable energy, electric vehicles, and additive manufacturing, where material integrity verification is essential. The development of AI-powered analytics and cloud-based data management solutions presents further growth prospects, enabling real-time monitoring and decision-making. However, the market faces restraints including the high cost of advanced NDT equipment and the shortage of skilled technicians capable of operating sophisticated systems. Economic volatility and reduced industrial investments in certain regions can also impede market growth. Moreover, the complexity of certifying new technologies and ensuring interoperability with existing systems poses challenges for widespread adoption.

Concentration Insights

The non-destructive testers equipment market is moderately concentrated, with a mix of large multinational corporations and niche players dominating the landscape. Leading companies such as Olympus Corporation, Baker Hughes Company, Mistras Group, Inc., and Eddyfi Technologies hold significant market shares due to their extensive product portfolios, global reach, and strong R&D capabilities. These players focus on innovation, strategic acquisitions, and partnerships to enhance their technological offerings and expand their customer base. Regional and specialized manufacturers also play a vital role, catering to specific industry needs or geographic markets with customized solutions.

Concentration is particularly evident in technology segments like ultrasonic and radiographic testing, where a few key players control a substantial portion of the market. However, the emergence of startups and SMEs focusing on digital NDT solutions, such as software for data analysis and automated inspection systems, is introducing increased competition and fragmentation in certain niches. Geographically, North America and Europe exhibit higher concentration due to the presence of major OEMs and stringent regulatory environments, while the Asia-Pacific region is more fragmented with numerous local manufacturers gaining traction. The competitive dynamics are shaped by factors like technological advancement, service quality, and the ability to provide integrated solutions that address end-to-end inspection needs.

Type Insights

The non-destructive testers equipment market is segmented into various types based on technology, each with distinct applications and advantages. Ultrasonic testing equipment is widely used for detecting internal flaws in metals, composites, and welds, leveraging high-frequency sound waves to provide detailed images of subsurface defects. Radiographic testing equipment, including X-ray and gamma-ray systems, is employed for examining internal structures in industries like aerospace and manufacturing, offering high penetration capabilities for thick materials. Magnetic particle testing equipment is effective for locating surface and near-surface discontinuities in ferromagnetic materials, commonly applied in welding and casting inspections.

Liquid penetrant testing equipment is utilized for identifying surface-breaking defects in non-porous materials, valued for its simplicity and cost-effectiveness. Eddy current testing equipment is prominent in conductive material inspections, such as tubing and aircraft components, relying on electromagnetic induction to detect cracks and corrosion. Visual inspection equipment, often enhanced with borescopes and videoscopes, remains fundamental for preliminary assessments and accessibility challenges. Emerging types include advanced phased array ultrasonic testing and thermographic testing systems, which offer enhanced imaging and automation features. The choice of equipment type depends on factors like material properties, defect characteristics, and industry-specific requirements, driving diversity in product offerings and innovation.

Application Insights

Non-destructive testers equipment finds extensive application across multiple industries, with the aerospace sector being a major adopter due to the critical need for component reliability and safety. Equipment is used for inspecting aircraft frames, engines, and landing gear to detect cracks, corrosion, and other defects that could compromise performance. In the automotive industry, NDT techniques are applied to ensure the integrity of engine parts, welds, and safety-critical components, supporting quality control during manufacturing and maintenance. The oil and gas industry relies heavily on NDT for pipeline inspections, tank assessments, and offshore platform evaluations to prevent leaks and ensure operational safety.

Infrastructure and construction applications include bridge, building, and railway inspections, where NDT helps assess structural health and plan maintenance activities. The power generation sector, encompassing nuclear, thermal, and renewable energy plants, utilizes NDT for boiler tubes, turbine blades, and wind turbine inspections to enhance efficiency and prevent failures. Additionally, the maritime industry employs NDT for ship hull and component checks, while the manufacturing sector uses it for quality assurance in production processes. Emerging applications in additive manufacturing and electronics are gaining prominence, focusing on verifying material properties and detecting imperfections in 3D-printed parts and microcomponents.

Regional Insights

Regionally, North America holds a prominent position in the non-destructive testers equipment market, driven by stringent regulatory standards, advanced industrial infrastructure, and high investments in aerospace, defense, and energy sectors. The presence of major market players and technological innovators further strengthens the region's leadership. Europe follows closely, with strong demand from automotive, manufacturing, and renewable energy industries, supported by rigorous safety regulations and initiatives for infrastructure modernization. Countries like Germany, the UK, and France are key contributors, emphasizing quality control and predictive maintenance.

The Asia-Pacific region is experiencing rapid growth, fueled by industrialization, urbanization, and expanding manufacturing activities in countries such as China, India, and Japan. Increasing investments in infrastructure projects, oil and gas exploration, and power generation are boosting NDT adoption. Latin America and the Middle East & Africa are emerging markets, with growth driven by oil and gas activities, construction projects, and gradual industrialization. However, these regions face challenges like economic volatility and limited technological adoption compared to developed areas. Overall, regional dynamics are influenced by economic conditions, industrial policies, and the pace of technological integration across sectors.

Company Insights

Key players in the non-destructive testers equipment market include established companies such as Olympus Corporation, known for its advanced ultrasonic and eddy current testing solutions; Baker Hughes Company, offering comprehensive NDT services for energy and industrial sectors; and Mistras Group, Inc., specializing in integrated asset protection services. Eddyfi Technologies focuses on innovative electromagnetic and ultrasonic technologies, while Sonatest Ltd. provides portable testing equipment for various applications. Other notable participants include Yxlon International GmbH, renowned for radiographic systems, and Fischer Technology, Inc., excelling in coating thickness measurement and material analysis.

These companies compete through continuous product development, strategic acquisitions, and expansions into emerging markets. For instance, many are investing in digital solutions, such as software for data management and AI-driven analytics, to enhance service offerings. Partnerships with industry stakeholders and focus on providing training and certification programs are also common strategies to build customer loyalty and address the skill gap challenge. The competitive landscape is characterized by a emphasis on reliability, accuracy, and after-sales support, as end-users prioritize equipment that minimizes downtime and integrates seamlessly with existing operations.

Recent Developments

Recent developments in the non-destructive testers equipment market highlight a trend towards digital transformation and innovation. Companies are launching advanced portable devices with enhanced connectivity features, allowing real-time data transmission and cloud integration for improved decision-making. For example, new handheld ultrasonic testers with phased array capabilities have been introduced, offering higher resolution and faster inspections. Additionally, the integration of drones and robotics into NDT processes has gained momentum, enabling autonomous inspections in confined or hazardous environments, such as storage tanks and wind turbines.

Strategic acquisitions and collaborations are also shaping the market, with major players acquiring tech startups to bolster their digital offerings and expand into new application areas. Investments in AI and machine learning for defect recognition and predictive maintenance are becoming more prevalent, reducing reliance on manual interpretation and increasing inspection accuracy. Furthermore, developments in environmentally friendly testing methods, such as water-based penetrants and reduced radiation techniques, align with sustainability goals. These advancements reflect the industry's focus on enhancing efficiency, safety, and adaptability to evolving industrial demands.

Report Segmentation

The non-destructive testers equipment market report is segmented based on type, application, and region to provide a comprehensive analysis. By type, the segmentation includes ultrasonic testing, radiographic testing, magnetic particle testing, liquid penetrant testing, eddy current testing, visual inspection, and other advanced techniques such as acoustic emission and thermographic testing. Each type is analyzed for its market presence, technological trends, and adoption rates across different industries. This segmentation helps in understanding the demand dynamics for specific NDT methods and their suitability for various material inspections.

Application-wise, the report covers aerospace, automotive, oil and gas, infrastructure, power generation, manufacturing, and other emerging sectors like marine and electronics. Regional segmentation encompasses North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa, with detailed insights into country-level markets, regulatory environments, and growth opportunities. This structured approach enables stakeholders to identify niche segments, assess competitive landscapes, and make informed decisions regarding investments, product development, and market entry strategies. The segmentation also highlights interrelationships between technology advancements and application-specific requirements, offering a holistic view of market dynamics.

FAQs

What are the common types of non-destructive testing equipment? Common types include ultrasonic testers for internal flaw detection, radiographic testers like X-ray systems for internal structure examination, magnetic particle testers for surface cracks in ferromagnetic materials, liquid penetrant testers for surface defects, eddy current testers for conductive materials, and visual inspection tools such as borescopes.

Which industries use NDT equipment the most? Key industries include aerospace for aircraft component inspections, automotive for quality control, oil and gas for pipeline and tank assessments, infrastructure for structural health monitoring, power generation for turbine and boiler checks, and manufacturing for production quality assurance.

How does ultrasonic testing work? Ultrasonic testing uses high-frequency sound waves transmitted into a material; reflections from internal flaws are analyzed to determine their size, shape, and location, providing detailed images without damaging the component.

What are the benefits of phased array ultrasonic testing? Phased array ultrasonic testing offers advantages like faster inspections, better defect detection accuracy, the ability to scan complex geometries, and real-time imaging, making it suitable for critical applications in aerospace and energy sectors.

Why is NDT important in the oil and gas industry? NDT is crucial for ensuring the integrity of pipelines, storage tanks, and offshore platforms, helping prevent leaks, explosions, and environmental damage while complying with safety regulations and extending asset life.

What trends are shaping the NDT equipment market? Major trends include digitalization with AI and IoT integration, adoption of robotics and drones for automated inspections, development of portable devices, and increasing use in renewable energy sectors for wind and solar component checks.

Citius Research has developed a research report titled “Non Destructive Testers (NDT) Equipment Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• Non Destructive Testers (NDT) Equipment Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The Non Destructive Testers (NDT) Equipment Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

Non Destructive Testers (NDT) Equipment Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

Non Destructive Testers (NDT) Equipment Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of Non Destructive Testers (NDT) Equipment Market
• Research Methodology
• Executive Summary
• Market Dynamics of Non Destructive Testers (NDT) Equipment Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of Non Destructive Testers (NDT) Equipment Market
• Cost and Gross Margin Analysis of Non Destructive Testers (NDT) Equipment Market
• Non Destructive Testers (NDT) Equipment Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “Non Destructive Testers (NDT) Equipment Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

Non Destructive Testers (NDT) Equipment Market Key Stakeholders

Below are the key stakeholders for the Non Destructive Testers (NDT) Equipment Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

Non Destructive Testers (NDT) Equipment Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the Non Destructive Testers (NDT) Equipment Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the Non Destructive Testers (NDT) Equipment Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in Non Destructive Testers (NDT) Equipment Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global Non Destructive Testers (NDT) Equipment Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global Non Destructive Testers (NDT) Equipment Market is expected to grow at a CAGR of XX% from 2023 to 2030.
For further details request a free sample copy of this report here.
For further details request a free sample copy of this report here.
For further details request a free sample copy of this report here.

Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global Non Destructive Testers (NDT) Equipment Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global Non Destructive Testers (NDT) Equipment Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global Non Destructive Testers (NDT) Equipment Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global Non Destructive Testers (NDT) Equipment Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America Non Destructive Testers (NDT) Equipment Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America Non Destructive Testers (NDT) Equipment Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe Non Destructive Testers (NDT) Equipment Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA Non Destructive Testers (NDT) Equipment Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific Non Destructive Testers (NDT) Equipment Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa Non Destructive Testers (NDT) Equipment Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia Non Destructive Testers (NDT) Equipment Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

Request a detailed Research Methodology for the market.

Request Customization or Sample Report

To request a sample report or for any inquiry regarding this report, please fill out the form below

Yes, I have read the Privacy Policy.

Related Reports






latest reports