The market report “Ultrasonic Testing Market by Services (Training Services, Inspection Services, Equipment Rental Services and Calibration Services), Types (Ultrasonic Spectroscopy, Immersion Testing, Acoustography, Time-of-Flight Diffraction, Guided Wave Testing and Phased Array Techniques), Applications (Material Thickness and Dimensional Measurement), Equipments (Tube Inspection Systems, Imaging Systems, Thickness Gauges, Bond Testers, Flaw Detectors, Transducers and Probes and Industrial Scanners), End Users (Chemical & Petrochemical, Sports and Entertainment, Oil & Gas, Energy & Power Generation, Marine, Manufacturing, Aerospace, Healthcare, Food & Beverages, Government Infrastructure and Public Infrastructure, Automotive, Banking, Financial Services and Insurance (BFSI), Retail and e-Commerce, Transportation and Plastics and Polymers), and Region – Forecast to 2028”. The ultrasonic testing market is growing at a CAGR of 9.1% by 2028, owing to its ability to detect internal effects.
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Based on service, the inspection services segment is estimated to grow at highest CAGR segment during the study period.
On the basis of service, the market is categorized into training services, inspection services, equipment rental services, and calibration services. The inspection services segment is estimated to be the fastest growing market segment strongly driven by its primary purpose of inspecting machinery, structures, objects, and materials for defects so that they can be rectified in a timely and cost-effective manner.
Based on end user, the automotive segment is anticipated to grow faster during the forecast period.
On the basis of end user, the market is segmented into chemical & petrochemical, sports and entertainment, oil & gas, energy & power generation, marine, manufacturing, aerospace, healthcare, food & beverages, government infrastructure and public infrastructure, automotive, banking, financial services and insurance (BFSI), retail and e-commerce, transportation and plastics and polymers. The automotive segment is projected to grow faster during the forecast period due to the rising influence and current trend of adopting this type of testing in different fields of automotive industries.
By geography, Asia Pacific is expected to dominate the market
On the basis of geography, the market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The Asia Pacific experiencing a dominant position in the ultrasonic testing market. This is mainly attributed to the rapid infrastructural development and automation adoption in manufacturing industries among the emerging economic countries in the region such as China and India. Moreover, countries in the Asia Pacific are involved in the manufacturing of defense aircraft, which is expected to increase ultrasonic testing equipment and services in the defense & aerospace industry.
The key players in this market are TechScan Systm Inc., General Motors, Ashtead Technology Ltd, Mistras Group, Inc., Olympus Corporation, British Institute of Non-Destructive Testing (BINDT), Zetec, Inc., Intertek, Magnaflux, Sonatest Ltd., NDT Systems Inc, Dakota Ultrasonics, General Electric, Eddyfi Technologies and Sonatest.
Few Points from Table of Contents:
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Ultrasonic Testing Market, By Service
5.2 Training Services
5.3 Inspection Services
5.4 Equipment Rental Services
5.5 Calibration Services
6 Global Ultrasonic Testing Market, By Type
6.2 Ultrasonic Spectroscopy
6.3 Immersion Testing
6.5 Time-of-Flight Diffraction
6.6 Guided Wave Testing
6.7 Phased Array Techniques
7 Global Ultrasonic Testing Market, By Application
7.2 Material Thickness
7.3 Dimensional Measurement
8 Global Ultrasonic Testing Market, By Equipment
8.2 Tube Inspection Systems
8.3 Imaging Systems
8.4 Thickness Gauges
8.5 Bond Testers
8.6 Flaw Detectors
8.7 Transducers and Probes
8.8 Industrial Scanners
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