Ultrasonic Ndt Testing Equipment Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2021 - 2026

Report Code: ESR 29638 Report Format: PDF + Excel

Ultrasonic NDT Testing Equipment Market Overview

The Global Ultrasonic NDT Testing Equipment market size accounted for $3.2 billion in 2020 and is anticipated to witness significant market growth with a CAGR of 5.6% during the forecast period 2021-2026. Inspections are becoming more difficult as manufacturers create more sophisticated parts than ever before. Manufacturers can examine and measure these complex components and assemblies at the pace of production with industrial non-destructive testing systems, allowing innovation to continue. The evolution of Ultrasonic fault detector Equipment in the global market has been fuelled by technical developments and widespread use in numerous applications. The growing requirement for flaw detectors equipment, thickness measurement equipment and others in various end-user verticals including Oil & Natural Gas, Power Generation, Aerospace & Defence, Automotive, Transportation, and Others are significant drivers for market growth. Furthermore, an increase in demand for computed tomography scanner is also projected to boost the market as safety standards across various end-users and nations become more stringent. Additionally, regulations mandating worker safety, for instance, have prompted governments around the world to enact stringent safety regulations. These regulations are made in response to the increasing instances of infrastructure failures, such as refinery blasts, nuclear reactor leakages, and pipeline explosions in recent years, driving the increased demand for ultrasonic NDT equipment. Thus, several governmental organizations and regional groups across the world devised strict standards, particularly to ensure the safety of workers and building. These regulations have made the use of non-destructive testing (NDT) and other assessment procedures for fitness inspections mandatory. Henceforth, the forthcoming wave of new technologies in the industrial and automotive sectors, such as Industry 4.0 and autonomous cars, are expected to have a significant impact on the Ultrasonic NDT Testing Equipment market size.

Report Coverage

The report: “Ultrasonic NDT Testing Equipment market– Forecast (2021-2026)”, by IndustryARC covers an in-depth analysis of the following segments of the Ultrasonic Ndt Testing Equipment market.

By Type: Flaw Detector, Thickness Gauge, Other.
By End User: Oil & Gas, Power Generation, Aerospace & Defence, Automotive, Transportation, and Others.
By Geography: North America (U.S, Canada, Mexico), Europe(Germany, UK, France, Italy, Spain, Russia and Others), APAC (China, Japan India, South Korea, Australia and Others), South America (Brazil, Argentina and others), and ROW (Middle East and Africa).

Key Takeaways

    • Deployment of ultrasonic NDT testing solutions across oil and gas industry to simplify complex inspections, improve productivity and make refineries safer. Thus, rising utilisation across the oil and gas vertical enhance the market growth.
    • With the advent of Industry 4.0, trends such as Industrial IoT (IIoT), smart manufacturing, smart factory, predictive manufacturing, industrial robots, there is a rise in demand for NDT fault detection solutions which in turn enhance the market growth.
    • North America held the highest market share in 2020. The market growth is attributed to increased construction activities, infrastructure development and others. Moreover, the presence of key market players in this region also benefits the market growth.


    Global Ultrasonic NDT Testing Equipment Market share, CAGR (%), By Region, 2021-2026

    Global Ultrasonic NDT Testing Equipment Market share

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    Ultrasonic NDT Testing Equipment market Segment Analysis - By Type

    Flaw detector segment is anticipated to witness significant market growth with a CAGR of 5% during the forecast period 2021-2026. Ultrasonic NDT flaw detection is used to identify intrinsic flaws in metals, polymers, ceramics, and composite materials such as fractures, inclusions, or other discontinuities. NDT fault detection is becoming more common in railway infrastructure for detecting rail defects such as transverse fractures, head checks, squats, and other internal flaws. In March 2020, BhilaiSteel Plant (BSP) in India increased its manufacturing capacity to fulfill the Indian Railways' needs for high-speed trains, metro trains, doubling and gauge conversion of railway tracks, track renewals, and the installation of new lines. During the fiscal year 2019-2020, the factory produced 11.65 lakh metric tons of rails. For inspection and testing of the manufactured rails, the facility is outfitted with online NDT (non-destructive testing) equipment, ultrasonic, and eddy-current testing, among other technologies. Moreover, rising deployment of flaw detection method across aerospace and defence, infrastructure, Oil and gas, others boosts up the market growth.

    Ultrasonic NDT Testing Equipment market Segment Analysis By End User Type

    The aerospace and Defence segment held the highest market share in 2020 and is anticipated to witness significant market growth with a CAGR 9% during the forecast period 2021-2026. Ultrasonic NDT testing is a popular subsurface inspection method used in the aerospace and defence industries to identify voids, fractures, and laminations, as well as examine welds and measure thickness. Carbon fibre-reinforced plastic has become indispensable in the aerospace industry as a growing number of military and commercial aircraft designs rely on the lightweight and high-strength properties of contemporary composites. As these materials are prone to cracking, ultrasonic testing is performed to guarantee the materials' quality and structural integrity. Ultrasonic NDT testing is used in turbine maintenance to detect kinds of damage caused by surface erosion on the blade. The rise of commercial aircraft has been fuelled by increased air travel rates, notably in emerging economies such as North America and Latin America, as well as rising disposable incomes across the world. Manufacturers are concentrating on ways to address the requirement for weight reduction and improved fuel economy. Aluminium alloys, steel alloys, titanium alloys, and composite materials are among the materials used in commercial aircraft. With high passenger travel demand in the Middle East and Asia-Pacific regions, total demand for commercial aircraft is projected to expand over the next few years. According to Airbus, Airbus received 300 net commercial aircraft orders in the first three quarters of 2020, compared to 127 net orders in the same period in 2019. Airbus delivered 566 commercial aircraft in 2020 and has orders for 383 more. Consequently, with the rise of market for Aerospace and Defence, the market for Ultrasonic NDT Testing Equipment also develops.

    Ultrasonic NDT Testing Equipment market Segment Analysis By Geography

    North America region held the highest market share in 2020 of around 36%. The United States dominates the non-destructive testing equipment market in North America, owing to the widespread use of NDT testing equipment across numerous industries. Furthermore, the region's market expansion is aided by the availability of NDT testing equipment training institutions and the high rate of growth in the building and industrial sectors. As per the United States Census Bureau, the total construction spending including both private and public infrastructures increased to $ 1,364,565 million in July 2020 as compared to $1,362,823 million in June 2020. With such rising investments, the country is anticipated to expand the construction of private residential buildings, public infrastructures including roads and highways, bridges as well as commercial buildings in the near future. The Canadian government announced investing $115 million for building a 27 storey residential building in Ottawa as an initiative towards making housing affordable during 2020. This project was developed by Claridge Homes, a part of CMHC’s Rental Construction Financing Initiative towards creating rental housing options in the expensive housing market. Such projects are anticipated to fuel the market demands. Aside from that, several market players have developed new ultrasonic non-destructive testing devices with upgraded and expanded features in order to boost their market share. For instance, in 2019, the NDT Sweeper Scanner, developed by Zetec Inc., is a highly flexible manual 2D encoded scanner for ultrasonic examinations in oil and gas, aerospace, and other industries. Many vendors in the industry are extending their product portfolios and working with other companies to produce more sophisticated instruments, either through acquisitions or new product development. For instance, in June 2020, Suspendem, a major provider of wind turbine maintenance and inspection services in North America, has been acquired by Acuren Inspection Inc. Suspendem's specialist knowledge in wind turbine services is combined with Acuren's extensive experience and capability in rope access, NDT, and engineering to give a holistic solution to the wind sector. Such acquisitions and product launches further is set to propel the market growth.

    Ultrasonic NDT Testing Equipment Market Drivers

    Increase in use of advanced NDT equipment

    In the NDT equipment market, technological advancements present an opportunity as they provide more trustworthy and precise inspection data. Phased array ultrasonic is one of the modern technologies in this equipment, which provides improved ways of displaying data and generating inspection reports of high value to consumers. Phased array ultrasonic, for instance, generates a picture that can decipher a color-coded c-scan. A color-coded eddy-current array c-scan is also utilized to evaluate the material's precise properties. As a result, sophisticated NDT equipment is anticipated to be at the forefront of future trends and developments.

    Rising penetration of machine learning

    Machine learning techniques and methodologies are currently being used in quality control and predictive maintenance. The objective is to build algorithms using training data that produce accurate and exact predictions and patterns that are completely suitable for non-destructive testing. This trend in turn benefits the Ultrasonic NDT Testing Equipment industry.

    Ultrasonic NDT Testing Equipment Market Challenges

    Rising deployment of Digital sensing inspection techniques

    The NDT market is suffering from a lack of development of quicker, inexpensive, and more reliable testing technologies. Traditional NDT testing techniques are still in use, but they are obsolete and need to be updated to keep up with technological advancements. Physical inspection methods are being replaced by digital sensing inspection employing integrated sensors and predictive analysis. These also aid in the integration of precise and accurate outcomes without causing any product harm. This development has the potential to disrupt the market for ultrasonic NDT testing equipment.

    Ultrasonic NDT Testing Equipment Market Landscape

    Partnerships and acquisitions along with product launches are the key strategies adopted by the players in the Ultrasonic Ndt Testing Equipment market. In 2020, the market of Ultrasonic Ndt Testing Equipment industry outlook has been fragmented by several companies. Ultrasonic NDT Testing Equipment top 10 companies include Danatronics Corporation, Eddyfi NDT Inc., GE Inspection Technologies GmbH, James Instruments Inc., Ndt Systems Inc., Olympus America, Inc., PaR Systems LLC, Qualitest International Inc., Sonatest Ltd, Trinity NDT and among others. 

    Acquisitions/Technology Launches/Partnerships

    • In October 2020, Testia (an Airbus firm) and Joramco partnered to release SmartUE1, a new version of the inspection tool. It is a hybrid of UT and eddy current testing. There are also six more modules for detecting delaminations, disbondings, fatigue fractures, and absence of cladding, as well as measuring thickness, coatings, and conductivity. It can also provide a remote assistance connection, allowing the operator in the field to collaborate with a remote expert.
    • In August 2020, SONOTEC launched a contactless UT system, the SONOAIR R&D system. It can detect the most frequent discontinuities in test items in situations where traditional liquid-coupled UT systems can't. Delaminations, air inclusions, kissing bonds, and impact damages can all be found in multilayer glass and carbon-fiber composites with foam or honeycomb cores. Plastics, ceramics, concrete, wood, and other constructions can all be subjected to air-coupled UT.

    Relevant Report Titles:

    Report Code: AIR 0011

    Report Code: ESR 59689

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    1. Ultrasonic NDT Testing Equipment Market - Market Overview
        1.1 Definitions and Scope
    2. Ultrasonic NDT Testing Equipment Market - Executive Summary
        2.1 Market Revenue, Market Size and Key Trends by Company
        2.2 Key trends by type
        2.3 Key trends segmented by State
    3. Ultrasonic NDT Testing Equipment Market
        3.1 Comparative Analysis
            3.1.1 Product/Service Benchmarking-Top 5 Companies
            3.1.2 Top 5 Financial Analysis
            3.1.3 Market Value Split by Top 5 Companies
            3.1.4 Patent Analysis
            3.1.5 Pricing Analysis
    4. Ultrasonic NDT Testing Equipment Market - Startup companies Scenario Premium (Premium)
        4.1 Top 5 startup company Analysis by
            4.1.1 Investment
            4.1.2 Revenue
            4.1.3 Market Share
            4.1.4 Market Size and Application Analysis
            4.1.5 Venture Capital and Funding Scenario
    5. Ultrasonic NDT Testing Equipment Market - Industry Market Entry Scenario Premium (Premium)
        5.1 Regulatory Framework Overview
        5.2 New Business and Ease of Doing business index
        5.3 Case studies of successful ventures
        5.4 Customer Analysis - Top 5 companies
    6. Ultrasonic NDT Testing Equipment Market - Market Forces
        6.1 Market Drivers
        6.2 Market Constraints/Challenges
        6.3 Porters five force model
            6.3.1 Bargaining power of suppliers
            6.3.2 Bargaining powers of customers
            6.3.3 Threat of new entrants
            6.3.4 Rivalry among existing players
            6.3.5 Threat of substitutes
    7. Ultrasonic NDT Testing Equipment Market – By Strategic Analysis (Market Size -$Million/Billion)
        7.1 Value Chain Analysis
        7.2 Opportunities Analysis
        7.3 Product Life Cycle/Market Life Cycle Analysis
        7.4 Suppliers and Distributors
    8. Ultrasonic NDT Testing Equipment Market - By Type
        8.1 Flaw Detector
        8.2 Thickness Gauge
        8.3 Other
    9. Ultrasonic NDT Testing Equipment Market – By End Users
        9.1 Oil & Gas
        9.2 Power Generation
        9.3 Aerospace & Defense
        9.4 Automotive
        9.5 Transportation
        9.6 Others
    10. Ultrasonic NDT Testing Equipment Market - By Geography (Market Size -$Million)
        10.1 North America
            10.1.1 US
            10.1.2 Canada
            10.1.3 Mexico
        10.2 Europe
            10.2.1 Germany
            10.2.2 UK
            10.2.3 France
            10.2.4 Italy
            10.2.5 Netherlands
            10.2.6 Belgium
            10.2.7 Spain
            10.2.8 Denmark
            10.2.9 Others
        10.3 APAC
            10.3.1 China
            10.3.2 Japan
            10.3.3 India
            10.3.4 South Korea
            10.3.5 Australia
            10.3.6 Rest of APAC
        10.4 South America
            10.4.1 Brazil
            10.4.2 Argentina
            10.4.3 Others
        10.5 ROW
            10.5.1 Middle East
            10.5.2 Africa
    11. Ultrasonic NDT Testing Equipment Market - Market Entropy
        11.1 New Product Launches
        11.2 M&As, Collaborations, JVs and Partnerships
    12. Ultrasonic NDT Testing Equipment Market - Industry / Segment Competition landscape Premium (Premium)
        12.1 Market Share Analysis
            12.1.1 Market Share by Country- Top companies
            12.1.2 Market Share by Region- Top 5 companies
            12.1.3 Market Share by type of Application - Top 5 companies
            12.1.4 Market Share at a global level - Top 5 companies
            12.1.5 Best Practices for companies
    13. Ultrasonic NDT Testing Equipment Market - Company Analysis
        13.1 Danatronics Corporation
        13.2 Eddyfi NDT Inc.
        13.3 GE Inspection Technologies GmbH
        13.4 James Instruments Inc.
        13.5 Ndt Systems Inc.
        13.6 Olympus America, Inc.
        13.7 PaR Systems LLC
        13.8 Qualitest International Inc.
        13.9 Sonatest Ltd
        13.10 Trinity NDT and more
    "*Financials would be provided on a best efforts basis for private companies"
    14. Ultrasonic NDT Testing Equipment Market – Appendix
        14.1 Abbreviations
        14.2 Sources
    15. Ultrasonic NDT Testing Equipment Market – Methodology
        15.1 Research Methodology
            15.1.1 Company Expert Interviews
            15.1.2 Industry Databases
            15.1.3 Associations
            15.1.4 Company News
            15.1.5 Company Annual Reports
            15.1.6 Application Trends
            15.1.7 New Products and Product Database
            15.1.8 Company Transcripts
            15.1.9 R&D Trends
            15.1.10 Key Opinion Leaders Interviews
            15.1.11 Supply and Demand Trends

    LIST OF TABLES

    1.Global MARKET SEGMENTATION Market 2019-2024 ($M)
    2.Global COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
    3.Global MARKET SEGMENTATION Market 2019-2024 (Volume/Units)
    4.Global COMPETITIVE LANDSCAPE Market 2019-2024 (Volume/Units)
    5.North America MARKET SEGMENTATION Market 2019-2024 ($M)
    6.North America COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
    7.South America MARKET SEGMENTATION Market 2019-2024 ($M)
    8.South America COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
    9.Europe MARKET SEGMENTATION Market 2019-2024 ($M)
    10.Europe COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
    11.APAC MARKET SEGMENTATION Market 2019-2024 ($M)
    12.APAC COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
    13.MENA MARKET SEGMENTATION Market 2019-2024 ($M)
    14.MENA COMPETITIVE LANDSCAPE Market 2019-2024 ($M)

    LIST OF FIGURES

    1.US Ultrasonic Ndt Testing Equipment Market Revenue, 2019-2024 ($M)
    2.Canada Ultrasonic Ndt Testing Equipment Market Revenue, 2019-2024 ($M)
    3.Mexico Ultrasonic Ndt Testing Equipment Market Revenue, 2019-2024 ($M)
    4.Brazil Ultrasonic Ndt Testing Equipment Market Revenue, 2019-2024 ($M)
    5.Argentina Ultrasonic Ndt Testing Equipment Market Revenue, 2019-2024 ($M)
    6.Peru Ultrasonic Ndt Testing Equipment Market Revenue, 2019-2024 ($M)
    7.Colombia Ultrasonic Ndt Testing Equipment Market Revenue, 2019-2024 ($M)
    8.Chile Ultrasonic Ndt Testing Equipment Market Revenue, 2019-2024 ($M)
    9.Rest of South America Ultrasonic Ndt Testing Equipment Market Revenue, 2019-2024 ($M)
    10.UK Ultrasonic Ndt Testing Equipment Market Revenue, 2019-2024 ($M)
    11.Germany Ultrasonic Ndt Testing Equipment Market Revenue, 2019-2024 ($M)
    12.France Ultrasonic Ndt Testing Equipment Market Revenue, 2019-2024 ($M)
    13.Italy Ultrasonic Ndt Testing Equipment Market Revenue, 2019-2024 ($M)
    14.Spain Ultrasonic Ndt Testing Equipment Market Revenue, 2019-2024 ($M)
    15.Rest of Europe Ultrasonic Ndt Testing Equipment Market Revenue, 2019-2024 ($M)
    16.China Ultrasonic Ndt Testing Equipment Market Revenue, 2019-2024 ($M)
    17.India Ultrasonic Ndt Testing Equipment Market Revenue, 2019-2024 ($M)
    18.Japan Ultrasonic Ndt Testing Equipment Market Revenue, 2019-2024 ($M)
    19.South Korea Ultrasonic Ndt Testing Equipment Market Revenue, 2019-2024 ($M)
    20.South Africa Ultrasonic Ndt Testing Equipment Market Revenue, 2019-2024 ($M)
    21.North America Ultrasonic Ndt Testing Equipment By Application
    22.South America Ultrasonic Ndt Testing Equipment By Application
    23.Europe Ultrasonic Ndt Testing Equipment By Application
    24.APAC Ultrasonic Ndt Testing Equipment By Application
    25.MENA Ultrasonic Ndt Testing Equipment By Application