The NDT Services Global Market Report 2023, provides comprehensive information on the ndt services market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global NDT services market size is expected to grow from $13.35 billion in 2022 to $14.74 billion in 2023 at a compound annual growth rate (CAGR) of 10.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the NDT services market is expected to grow to $21.45 billion in 2027 at a CAGR of 9.8%.
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Technological advancements have emerged as a key trend gaining popularity in the NDT services market. Major companies operating in the NDT services market are focused on innovating new technologies to sustain their position in the market. For instance, in October 2022, ICR Integrity, a UK-based company operating in NDT services, unveiled a new innovative NDT technique, INSONO, for the inspection of composite repairs applied to metallic components. This technology has been developed to validate the condition and integrity of composite repairs that provide operators with assurance in the application and long-term performance. This can also detect defects within the composite material and reductions in the steel substrate.
The ndt services market is segmented:
1) By Type: Inspection Services, Equipment Rental Services, Training Services, Calibration Services
2) By Testing Technique Model: Visual Inspection, Magnetic Particle, Liquid Penetrant, Eddy Current, Ultrasonic, Radiographic, Acoustic Emission, Terahertz Imaging
3) By Vertical Type: Manufacturing, Oil and Gas, Aerospace, Government Infrastructure and Public Safety, Automotive, Power Generation, Other Verticals
North America was the largest region in the ndt services market in 2022.
The table of contents in TBRC’s ndt services market report includes:
1. Executive Summary
2. NDT Services Market Characteristics
3. NDT Services Market Trends And Strategies
4. NDT Services Market – Macro Economic Scenario
5. NDT Services Market Size And Growth
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26. Africa NDT Services Market
27. NDT Services Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The NDT Services Market
29. NDT Services Market Future Outlook and Potential Analysis
30. Appendix
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