NDT and Inspection Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0212386
  • Format: Electronic (PDF)
  • Number of Pages: 205
  • Author(s): Joshi, Madhavi

Report Overview

The NDT and Inspection Market size was estimated at USD 8.5 billion in 2023 and is projected to reach USD 15.5 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 9.20% during the forecast period (2024-2030).

NDT and Inspection Market

(Market Size)
$8.5 billion
$15.5 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 9.20%
2023 Market Size USD 8.5 billion
2030 Market Size USD 15.5 billion
Key Players Olympus, Baker Hughes, Mistras Group, Zetec, Eddyfi

Market Summary

The NDT and Inspection Market within the Semiconductor and Electronics industry is a critical segment focused on ensuring the reliability, safety, and performance of electronic components and semiconductor devices through non-destructive testing methods. This market encompasses a range of technologies and services designed to detect flaws, measure material properties, and verify integrity without causing damage to the products being tested. As semiconductor devices become increasingly complex and miniaturized, the demand for advanced inspection techniques has grown significantly. Key factors driving this market include the rising complexity of electronic assemblies, stringent quality standards imposed by regulatory bodies, and the need for high yield in manufacturing processes. Companies operating in this space provide solutions that help prevent failures, reduce waste, and enhance product lifespan, which is essential in industries where reliability is paramount, such as automotive electronics, consumer electronics, and industrial automation. The integration of automation and artificial intelligence in NDT systems is further revolutionizing inspection processes, enabling faster and more accurate detection of defects. This market is characterized by continuous innovation, with players developing new methods to keep pace with technological advancements in semiconductor fabrication and electronics production.

Key Highlights

The NDT and Inspection Market for Semiconductor and Electronics is distinguished by several key highlights that underscore its importance and growth trajectory. Advanced technologies such as automated optical inspection (AOI), X-ray inspection, and ultrasonic testing are becoming standard in production lines to ensure zero-defect manufacturing. The shift towards smaller node sizes in semiconductors, such as those below 7 nanometers, necessitates ultra-precise inspection tools capable of detecting nanometer-scale defects. Additionally, the adoption of IoT and smart manufacturing practices is driving the integration of real-time monitoring and data analytics into NDT systems, allowing for predictive maintenance and quality control. Leading companies like Olympus Corporation, Zetec Inc., and Mistras Group are at the forefront, offering innovative solutions that cater to the evolving needs of electronics manufacturers. The market is also seeing increased investment in R&D to develop portable and handheld inspection devices, which provide flexibility and efficiency in various operational environments. Furthermore, the emphasis on sustainability and reducing electronic waste is pushing manufacturers to implement robust inspection protocols that minimize rejects and enhance resource utilization.

Drivers, Opportunities & Restraints

Several drivers are propelling the growth of the NDT and Inspection Market in the Semiconductor and Electronics sector. The primary driver is the escalating complexity and miniaturization of electronic components, which demands highly accurate inspection techniques to identify defects that could lead to device failures. Stringent regulatory requirements and quality standards from organizations such as ISO and IEC compel manufacturers to adopt comprehensive NDT solutions to ensure compliance and avoid costly recalls. The proliferation of electric vehicles, 5G technology, and advanced consumer electronics is further accelerating the need for reliable inspection systems. Opportunities in this market abound, particularly with the integration of artificial intelligence and machine learning, which enhance the precision and speed of defect detection. The expansion of semiconductor fabrication facilities, especially in regions like Asia-Pacific, presents significant growth prospects for NDT service providers. However, the market faces restraints, including the high cost of advanced inspection equipment and the scarcity of skilled technicians capable of operating sophisticated NDT systems. Additionally, the rapid pace of technological change requires continuous investment in upgrading equipment, which can be a barrier for smaller enterprises. Economic uncertainties and supply chain disruptions also pose challenges, potentially slowing down market expansion.

Concentration Insights

The concentration of the NDT and Inspection Market in the Semiconductor and Electronics industry reveals a landscape dominated by a mix of large multinational corporations and specialized niche players. Geographically, the market is highly concentrated in regions with robust semiconductor manufacturing bases, such as East Asia and North America. Companies like Nikon Metrology, Nordson DAGE, and Thermo Fisher Scientific hold significant market shares due to their extensive product portfolios and global reach. These players focus on innovation, often through acquisitions and partnerships, to strengthen their positions. The market also features a number of smaller firms that offer specialized inspection services or develop novel technologies tailored to specific applications, such as PCB inspection or wafer testing. This concentration leads to intense competition, driving advancements in technology and service offerings. Collaboration between equipment manufacturers and electronics producers is common, ensuring that inspection solutions are aligned with industry needs. The trend towards consolidation is evident, as larger companies acquire smaller innovators to expand their capabilities and market presence.

Type Insights

The NDT and Inspection Market for Semiconductor and Electronics encompasses various types of testing methods, each suited to specific applications and requirements. Visual inspection techniques, including automated optical inspection (AOI), are widely used for detecting surface defects on printed circuit boards (PCBs) and semiconductor wafers. X-ray inspection is employed for examining internal structures, such as solder joints and wire bonds, without disassembling components. Ultrasonic testing is utilized for assessing material integrity and thickness, particularly in composite materials used in electronics. Other methods include eddy current testing for conductivity measurements and infrared thermography for identifying thermal anomalies that indicate potential failures. The choice of NDT method depends on factors like the type of defect, material properties, and the stage of manufacturing. Advances in technology have led to the development of hybrid systems that combine multiple inspection techniques for comprehensive analysis. The integration of AI and machine learning is enhancing the capabilities of these methods, enabling more accurate and automated defect classification.

Application Insights

Applications of NDT and inspection in the Semiconductor and Electronics industry are diverse and critical to ensuring product quality across various segments. In semiconductor manufacturing, inspection is vital at multiple stages, including wafer fabrication, where defects like cracks and contamination must be detected early to maintain yield. For printed circuit boards (PCBs), inspection processes verify the accuracy of etchings, solder paste application, and component placement to prevent failures in electronic assemblies. In the assembly of consumer electronics, such as smartphones and laptops, NDT methods ensure that internal components are properly connected and free from defects. The automotive electronics sector relies heavily on inspection for safety-critical systems, such as advanced driver-assistance systems (ADAS), where reliability is paramount. Additionally, the aerospace and defense electronics segments use NDT to comply with rigorous standards and ensure the longevity of components in harsh environments. The growing adoption of IoT devices and smart technologies is expanding the application scope, requiring inspection solutions that can handle high-volume production with precision.

Regional Insights

Regional insights into the NDT and Inspection Market for Semiconductor and Electronics highlight significant variations in adoption and growth patterns. The Asia-Pacific region dominates the market, driven by the presence of major semiconductor manufacturing hubs in countries like China, South Korea, Taiwan, and Japan. These countries are home to leading electronics producers and foundries, which invest heavily in advanced inspection technologies to maintain competitive advantage and meet global demand. North America follows, with a strong focus on innovation and quality control, particularly in the United States, where companies like Intel and Texas Instruments operate. Europe also represents a substantial market, with emphasis on automotive and industrial electronics, necessitating robust NDT solutions. Emerging economies in Southeast Asia and Latin America are witnessing gradual growth, fueled by increasing electronics production and foreign investments. Regional regulatory frameworks and standards influence the adoption of NDT methods, with regions like Europe enforcing strict directives that mandate thorough inspection processes. The global nature of supply chains means that companies often require inspection services that can be standardized across regions, leading to the development of versatile and adaptable NDT systems.

Company Insights

Company insights reveal a competitive landscape in the NDT and Inspection Market for Semiconductor and Electronics, characterized by innovation and strategic initiatives. Key players include Olympus Corporation, which offers a range of industrial microscopes and X-ray systems tailored for electronics inspection. Zetec Inc. specializes in eddy current and ultrasonic testing solutions, catering to high-precision applications. Mistras Group provides integrated NDT services and equipment, focusing on data-driven inspection for electronics manufacturing. Other notable companies include Nordson DAGE, known for its X-ray inspection systems for semiconductors, and Thermo Fisher Scientific, which offers advanced microscopy and spectroscopy tools. These companies invest significantly in research and development to introduce new technologies, such as AI-enhanced inspection software and portable devices. Partnerships with semiconductor manufacturers and electronics producers are common, enabling customization of solutions to specific production needs. The market also sees participation from smaller firms and startups that bring niche expertise, often leading to acquisitions by larger players seeking to broaden their offerings. Overall, the competitive dynamics drive continuous improvement in inspection accuracy, efficiency, and cost-effectiveness.

Recent Developments

Recent developments in the NDT and Inspection Market for Semiconductor and Electronics reflect ongoing innovation and adaptation to industry trends. There has been a surge in the integration of artificial intelligence and machine learning into inspection systems, enabling automated defect recognition and reducing human error. Companies are launching advanced X-ray and CT scanning technologies that provide 3D imaging for more detailed analysis of electronic components. The development of portable and handheld inspection devices has gained momentum, offering flexibility for in-field testing and maintenance. Partnerships between NDT equipment manufacturers and semiconductor giants have been announced, focusing on co-developing customized solutions for next-generation chips. Additionally, the emphasis on sustainability has led to innovations in eco-friendly inspection processes that minimize energy consumption and waste. The COVID-19 pandemic accelerated the adoption of remote monitoring and digital twins, allowing for virtual inspection and collaboration. These developments underscore the market's responsiveness to technological advancements and the evolving needs of the electronics industry.

Report Segmentation

The report on the NDT and Inspection Market for Semiconductor and Electronics is segmented to provide a comprehensive analysis tailored to various stakeholder needs. Segmentation by type includes methods such as visual inspection, X-ray inspection, ultrasonic testing, eddy current testing, and infrared thermography, each examined for their adoption and effectiveness in electronics applications. By application, the report covers semiconductor manufacturing, PCB inspection, consumer electronics, automotive electronics, aerospace and defense electronics, and industrial electronics, highlighting specific requirements and trends in each segment. Geographical segmentation breaks down the market into regions like North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa, offering insights into regional dynamics, growth drivers, and competitive landscapes. Additionally, the report may segment by end-user, focusing on original equipment manufacturers (OEMs), contract manufacturers, and third-party inspection service providers. This structured approach enables readers to gain detailed understanding of market opportunities, challenges, and innovations relevant to their interests.

FAQs

What is NDT in the context of semiconductor and electronics? NDT, or non-destructive testing, refers to techniques used to evaluate materials, components, or assemblies without causing damage. In semiconductor and electronics, it involves methods like X-ray inspection and automated optical inspection to detect defects and ensure product integrity during manufacturing.

Why is NDT important for electronics manufacturing? NDT is crucial because it helps identify flaws such as cracks, voids, or misalignments in electronic components early in the production process, preventing failures, reducing waste, and ensuring compliance with quality standards, which is vital for reliability in applications like automotive or consumer electronics.

What are the common NDT methods used in this industry? Common methods include automated optical inspection (AOI) for surface defects, X-ray inspection for internal structures, ultrasonic testing for material integrity, eddy current testing for conductivity checks, and infrared thermography for thermal analysis.

How is AI impacting NDT in electronics? AI enhances NDT by enabling automated defect recognition, improving accuracy, speeding up inspection processes, and reducing reliance on human operators, leading to higher efficiency and better quality control in high-volume production environments.

Which regions lead in adopting NDT for semiconductors? Asia-Pacific leads, particularly countries like China, South Korea, and Taiwan, due to their strong semiconductor manufacturing bases. North America and Europe also have significant adoption, driven by advanced electronics industries and stringent quality regulations.

What are the challenges faced in NDT for electronics? Challenges include the high cost of advanced equipment, the need for skilled technicians, rapid technological obsolescence requiring frequent upgrades, and complexities in inspecting miniaturized components with nanometer-scale features.

Citius Research has developed a research report titled “NDT and Inspection 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

• NDT and Inspection 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 NDT and Inspection 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.

NDT and Inspection Market Segmentation

Market Segmentation

Regions Covered

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

NDT and Inspection Market Analysis

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

• Overview of NDT and Inspection Market
• Research Methodology
• Executive Summary
• Market Dynamics of NDT and Inspection 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 NDT and Inspection Market
• Cost and Gross Margin Analysis of NDT and Inspection Market
• NDT and Inspection 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 “NDT and Inspection 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.

NDT and Inspection Market Key Stakeholders

Below are the key stakeholders for the NDT and Inspection Market:

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

NDT and Inspection 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 NDT and Inspection 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 NDT and Inspection 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 NDT and Inspection 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 NDT and Inspection 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 NDT and Inspection 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 NDT and Inspection 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 NDT and Inspection 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 NDT and Inspection 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 NDT and Inspection 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 NDT and Inspection 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 NDT and Inspection 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 NDT and Inspection 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 NDT and Inspection 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 NDT and Inspection 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 NDT and Inspection 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 NDT and Inspection 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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