North America Electromagnetic NDT 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: CR0212397
  • Format: Electronic (PDF)
  • Number of Pages: 197
  • Author(s): Joshi, Madhavi

Report Overview

The North America Electromagnetic NDT Market size was estimated at USD 850 million in 2023 and is projected to reach USD 1.35 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 7.00% during the forecast period (2024-2030).

North America Electromagnetic NDT Market

(Market Size)
$850 million
$1.35 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 7.00%
2023 Market Size USD 850 million
2030 Market Size USD 1.35 billion
Key Players Olympus, Baker Hughes, Mistras Group, Zetec, Eddyfi

Market Summary

The North America electromagnetic nondestructive testing (NDT) market is a critical segment within the broader semiconductor and electronics industry, characterized by its reliance on advanced electromagnetic techniques to inspect materials and components without causing damage. This market is integral to maintaining high standards of quality, safety, and reliability across various electronic manufacturing and assembly processes. Electromagnetic NDT methods, including eddy current testing, magnetic particle inspection, and remote field testing, are extensively utilized to detect surface and subsurface flaws, measure material thickness, and assess conductive properties in semiconductors, printed circuit boards, and other electronic components. The region's strong emphasis on technological innovation, stringent regulatory frameworks, and the presence of leading electronics manufacturers drive consistent demand for these inspection solutions. Companies operating in this space focus on developing more precise, automated, and efficient testing systems to cater to the evolving needs of the electronics sector, where miniaturization and complexity of components necessitate highly accurate detection capabilities. The market is also influenced by trends such as the adoption of Industry 4.0, which integrates IoT and AI into NDT equipment for real-time monitoring and data analytics, enhancing overall operational efficiency. As electronics continue to permeate various aspects of modern life, from consumer devices to industrial automation, the role of electromagnetic NDT in ensuring product integrity and performance remains indispensable, supporting North America's position as a hub for advanced manufacturing and technology development.

Key Highlights

The North America electromagnetic NDT market showcases several key highlights that underscore its importance and growth trajectory. One significant aspect is the dominance of eddy current testing, which is widely preferred for its ability to inspect conductive materials with high precision and speed, making it ideal for electronics applications where components are often small and complex. Another highlight is the increasing integration of artificial intelligence and machine learning into NDT systems, enabling predictive maintenance and reducing human error in flaw detection. The market is also marked by a strong competitive landscape, with prominent players such as Olympus Corporation, Baker Hughes, and Zetec Inc. continuously innovating to offer advanced solutions that meet the stringent requirements of the semiconductor and electronics industries. Additionally, there is a growing emphasis on portable and handheld electromagnetic NDT devices, which provide flexibility and ease of use for on-site inspections in manufacturing facilities. The adoption of these technologies is further accelerated by regulatory standards and certifications that mandate rigorous quality checks, ensuring compliance with safety and performance norms. Collaborations and partnerships between NDT equipment manufacturers and electronics companies are common, fostering the development of customized solutions tailored to specific application needs. These highlights collectively reflect a market that is not only technologically advanced but also highly responsive to the dynamic demands of the electronics sector, driving continuous improvement and adoption of electromagnetic NDT methods across North America.

Drivers, Opportunities & Restraints

The North America electromagnetic NDT market is propelled by several key drivers, including the relentless pursuit of quality and reliability in the semiconductor and electronics industry. As electronic devices become more sophisticated and integral to various applications, the need for flawless components is paramount, driving demand for advanced NDT techniques that can detect minute defects without compromising the integrity of the materials. Stringent regulatory standards and safety norms imposed by organizations such as the American Society for Nondestructive Testing also act as significant drivers, compelling manufacturers to adopt rigorous inspection protocols. Opportunities in this market are abundant, particularly with the rise of emerging technologies like 5G, IoT, and electric vehicles, which require highly reliable electronic components and thus create new avenues for electromagnetic NDT applications. The trend towards automation and smart manufacturing presents another opportunity, as integrated NDT systems can enhance production efficiency and reduce downtime through real-time monitoring and data analytics. However, the market faces certain restraints, such as the high initial investment required for advanced electromagnetic NDT equipment, which may deter small and medium-sized enterprises from adoption. Additionally, the complexity of interpreting NDT data and the shortage of skilled technicians capable of operating these sophisticated systems can pose challenges to market growth. Despite these restraints, the overall trajectory remains positive, supported by ongoing technological advancements and the critical role of NDT in ensuring the durability and performance of electronic products in North America.

Concentration Insights

The concentration of the North America electromagnetic NDT market is characterized by a high level of technological innovation and the presence of established players who dominate the landscape. The United States holds the largest share within the region, driven by its robust semiconductor and electronics manufacturing base, extensive R&D activities, and strong regulatory frameworks that emphasize quality control. Canada also contributes significantly, with growing investments in electronics production and a focus on adopting advanced NDT technologies to enhance manufacturing standards. The market concentration is further influenced by the clustering of key industry participants in technology hubs such as Silicon Valley, Texas, and Massachusetts, where collaboration between NDT equipment providers and electronics manufacturers fosters innovation and tailored solutions. This geographic concentration facilitates easier access to cutting-edge technologies and skilled labor, reinforcing North America's leadership in the global NDT arena. Additionally, the market sees a mix of large multinational corporations and specialized niche players, each focusing on specific segments like eddy current testing or magnetic flux leakage, to cater to diverse application needs. The concentration is also evident in the strategic partnerships and mergers and acquisitions that occur frequently, as companies seek to expand their product portfolios and geographic reach. This dynamic concentration ensures a competitive yet collaborative environment, driving continuous advancements in electromagnetic NDT technologies tailored for the semiconductor and electronics sectors.

Type Insights

In the North America electromagnetic NDT market, various testing types are employed, each with distinct advantages and applications tailored to the semiconductor and electronics industry. Eddy current testing is among the most prevalent methods, valued for its ability to detect surface and near-surface defects in conductive materials without direct contact, making it ideal for inspecting printed circuit boards, connectors, and other electronic components. This technique is highly sensitive to changes in electrical conductivity and magnetic permeability, allowing for precise identification of cracks, corrosion, and material thinning. Magnetic particle inspection is another key type, primarily used for ferromagnetic materials to reveal discontinuities through the application of magnetic fields and iron particles; however, its use in electronics is more limited compared to industries like aerospace or automotive. Remote field testing is gaining traction for inspecting tubular structures and components where access is restricted, though it is less common in typical electronics applications. Additionally, electromagnetic acoustic transducer technology is emerging, offering non-contact testing for both conductive and non-conductive materials, which could find future relevance in advanced electronics manufacturing. The choice of NDT type often depends on factors such as material properties, defect characteristics, and inspection requirements, with manufacturers increasingly opting for hybrid systems that combine multiple electromagnetic techniques for comprehensive assessment. This diversity in testing types ensures that the North America market can address a wide range of quality control needs within the semiconductor and electronics sector, supporting innovation and reliability.

Application Insights

The application of electromagnetic NDT in the North America semiconductor and electronics market spans several critical areas, ensuring the integrity and performance of components throughout the manufacturing process. One primary application is in the inspection of semiconductors and integrated circuits, where eddy current testing is used to detect micro-cracks, voids, and other defects that could impair functionality, especially as devices shrink in size and increase in complexity. Printed circuit board (PCB) manufacturing is another significant application, with electromagnetic methods employed to verify the quality of traces, pads, and plated through-holes, preventing failures in final products. Additionally, these techniques are applied in the assembly of electronic devices, such as smartphones and computers, to inspect solder joints, connectors, and other interconnections for flaws that might lead to operational issues. The aerospace and defense electronics sectors also utilize electromagnetic NDT extensively, given the high reliability requirements for avionics and communication systems, where any defect could have severe consequences. Furthermore, the growing adoption of electric vehicles and renewable energy systems has created new application avenues, such as inspecting battery components and power electronics for defects that could affect efficiency and safety. The versatility of electromagnetic NDT allows it to be integrated into automated production lines, enabling real-time quality assurance and reducing the risk of defective products reaching the market. These diverse applications highlight the indispensable role of electromagnetic NDT in maintaining the high standards demanded by the North America electronics industry.

Regional Insights

The North America electromagnetic NDT market exhibits distinct regional characteristics, with the United States dominating due to its advanced semiconductor and electronics manufacturing ecosystem. States like California, Texas, and New York are hubs for technology companies and R&D centers, driving demand for sophisticated NDT solutions to ensure product quality and compliance with stringent standards. The presence of major players such as Intel, Texas Instruments, and Apple further fuels innovation and adoption of electromagnetic NDT techniques in this region. Canada also plays a significant role, particularly in provinces like Ontario and Quebec, where electronics manufacturing and aerospace industries are growing, supported by government initiatives and investments in technology infrastructure. The regional insights reveal a strong focus on collaboration between industry stakeholders, including equipment manufacturers, electronics producers, and research institutions, to develop customized NDT applications that address local market needs. Additionally, cross-border trade and regulatory alignment between the U.S. and Canada facilitate the seamless flow of technologies and expertise, enhancing the overall competitiveness of the North America market. The region's emphasis on sustainability and energy efficiency is also influencing NDT adoption, as electronics manufacturers seek to minimize waste and improve resource utilization through effective inspection processes. These regional dynamics ensure that North America remains at the forefront of electromagnetic NDT innovation, catering to the evolving demands of the global semiconductor and electronics industry.

Company Insights

The North America electromagnetic NDT market features a competitive landscape with several key companies driving innovation and growth. Olympus Corporation is a prominent player, known for its advanced eddy current and remote visual inspection systems that are widely used in electronics for detecting flaws in complex components. Baker Hughes offers comprehensive NDT solutions, including electromagnetic testing technologies that cater to high-precision requirements in semiconductor manufacturing. Zetec Inc. specializes in eddy current and ultrasonic testing equipment, with a strong focus on applications in electronics and aerospace, providing reliable and efficient inspection tools. Mistras Group is another significant participant, offering integrated NDT services and equipment that help electronics manufacturers maintain quality standards through automated and manual testing methods. Additionally, companies like Eddyfi Technologies emphasize cutting-edge electromagnetic NDT innovations, such as phased array and pulsed eddy current systems, which are gaining traction for their accuracy and speed in electronics applications. These companies often engage in strategic partnerships, acquisitions, and R&D investments to enhance their product portfolios and expand their market presence. The competitive environment is characterized by a continuous push towards digitalization, with firms incorporating IoT, AI, and data analytics into their NDT offerings to provide smarter, more connected solutions. This focus on technological advancement ensures that the North America market remains dynamic and responsive to the needs of the semiconductor and electronics industry, with companies vying to offer the most effective and efficient inspection technologies.

Recent Developments

Recent developments in the North America electromagnetic NDT market reflect a trend towards greater integration of digital technologies and enhanced portability. Companies have been introducing advanced eddy current testing systems equipped with artificial intelligence capabilities, allowing for automated defect recognition and real-time data analysis, which significantly reduces inspection time and improves accuracy in electronics manufacturing. There has also been a surge in the development of handheld and portable electromagnetic NDT devices, designed to offer flexibility for on-site inspections in electronics assembly lines and field applications. Partnerships between NDT equipment manufacturers and electronics firms have become more common, aimed at co-developing customized solutions that address specific challenges such as inspecting miniaturized components or high-density interconnects. Additionally, recent acquisitions and mergers have reshaped the competitive landscape, with larger players expanding their technological expertise and market reach by integrating specialized niche companies. Another notable development is the increased focus on sustainability, with new NDT systems being designed to consume less energy and reduce environmental impact, aligning with the broader goals of the electronics industry. These advancements are driven by the need for higher efficiency, reliability, and adaptability in quality assurance processes, ensuring that electromagnetic NDT remains a critical tool for maintaining the integrity of semiconductor and electronic products in North America.

Report Segmentation

The report on the North America electromagnetic NDT market is segmented to provide a detailed analysis across various dimensions, enabling a comprehensive understanding of the industry dynamics. The segmentation typically includes by type, where key methods such as eddy current testing, magnetic particle inspection, and remote field testing are examined for their market share and growth patterns within the semiconductor and electronics sector. Another critical segment is by application, covering areas like semiconductor inspection, printed circuit board testing, electronics assembly, and aerospace electronics, each analyzed for their specific demand drivers and technological requirements. The report also segments the market by offering, distinguishing between equipment and services, to highlight trends in product sales versus outsourced inspection solutions. Geographically, the segmentation focuses on the United States and Canada, delving into regional variations in adoption rates, regulatory influences, and industry concentrations. Additionally, the segmentation may include end-user industries, though primarily centered on semiconductors and electronics, to identify niche opportunities and challenges. This structured approach allows stakeholders to gain insights into specific segments that are poised for growth, understand competitive intensities, and make informed decisions regarding investments and strategies. The segmentation ensures that the report addresses the multifaceted nature of the electromagnetic NDT market, providing value to businesses, professionals, and entrepreneurs seeking to navigate this specialized field.

FAQs

What is electromagnetic NDT and how is it used in electronics? Electromagnetic nondestructive testing (NDT) refers to a group of inspection techniques that use electromagnetic fields to detect defects in materials without causing damage. In the electronics industry, it is primarily used for inspecting conductive components such as semiconductors, PCBs, and connectors to identify flaws like cracks, corrosion, or material inconsistencies, ensuring product reliability and performance.

What are the advantages of eddy current testing in electronics? Eddy current testing offers several advantages, including high sensitivity to surface and near-surface defects, rapid inspection speeds, and the ability to test without physical contact, which is crucial for delicate electronic components. It also provides real-time results and can be automated for integration into production lines, enhancing efficiency and reducing the risk of human error.

Which companies lead the electromagnetic NDT market in North America? Key players in the North America electromagnetic NDT market include Olympus Corporation, Baker Hughes, Zetec Inc., Mistras Group, and Eddyfi Technologies. These companies are recognized for their innovative products, strong R&D focus, and extensive experience in providing NDT solutions tailored to the semiconductor and electronics industries.

How does electromagnetic NDT support quality control in semiconductor manufacturing? Electromagnetic NDT supports quality control in semiconductor manufacturing by enabling precise detection of defects such as micro-cracks, voids, and thickness variations in wafers and integrated circuits. This ensures that only components meeting strict quality standards proceed to assembly, reducing failure rates and enhancing the overall reliability of electronic devices.

What are the emerging trends in electromagnetic NDT for electronics? Emerging trends include the integration of artificial intelligence and machine learning for automated defect recognition, the development of portable and handheld devices for flexible inspections, and the adoption of Industry 4.0 principles that connect NDT systems with IoT for real-time monitoring and data analytics, improving predictive maintenance and operational efficiency.

How is the North America market different from other regions in electromagnetic NDT adoption? The North America market distinguishes itself through its advanced technological infrastructure, stringent regulatory standards, and the presence of major electronics and semiconductor manufacturers. This region often leads in the adoption of innovative NDT techniques and digital solutions, driven by a strong emphasis on quality assurance and continuous improvement in manufacturing processes.

Citius Research has developed a research report titled “North America Electromagnetic NDT Market Report - 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

• North America Electromagnetic NDT 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 North America Electromagnetic NDT 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.

North America Electromagnetic NDT Market Segmentation

Market Segmentation

Regions Covered

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

North America Electromagnetic NDT Market Analysis

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

• Overview of North America Electromagnetic NDT Market
• Research Methodology
• Executive Summary
• Market Dynamics of North America Electromagnetic NDT 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 North America Electromagnetic NDT Market
• Cost and Gross Margin Analysis of North America Electromagnetic NDT Market
• North America Electromagnetic NDT Market Report - 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 “North America Electromagnetic NDT Market Report - 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.

North America Electromagnetic NDT Market Key Stakeholders

Below are the key stakeholders for the North America Electromagnetic NDT Market:

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

North America Electromagnetic NDT 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 North America Electromagnetic NDT 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 North America Electromagnetic NDT 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 North America Electromagnetic NDT 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 North America Electromagnetic NDT 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 North America Electromagnetic NDT Market is expected to grow at a CAGR of XX% from 2023 to 2030.
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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 North America Electromagnetic NDT 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 North America Electromagnetic NDT 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 North America Electromagnetic NDT 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 North America Electromagnetic NDT 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 North America Electromagnetic NDT 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 North America Electromagnetic NDT 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 North America Electromagnetic NDT 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 North America Electromagnetic NDT 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 North America Electromagnetic NDT 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 North America Electromagnetic NDT 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 North America Electromagnetic NDT 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.

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