Automated Ultrasonic Testing (AUT) Market Scope
Automated ultrasonic testing (AUT) is a fully automated ultrasonic testing system that employs encoded robotic scanners and ultrasonic imaging equipment. Automated ultrasonic testing is used in a variety of industries, including oil and gas, automotive, and construction. In the inspection of spheres, storage tanks, piping, pressure vessels, and other in-service devices, automated ultrasonic testing is used. Full volumetric inspection data on upper surface material deterioration such as interlinking cracking, hydrogen-induced cracking (HIC), hydrogen blisters, corrosion, and erosion are provided by automated ultrasonic testing.In the automated ultrasonic testing industry, manufacturers are attempting to build testing systems that can detect the tiniest defects in a short period of time. The automated ultrasonic testing market's players are developing testing systems that keep up with the latest technical advancements. To improve revenue, effective damage mechanisms to detect areas of active deterioration, wall-thinning, and erosion are being inculcated. The players are also enlisting the help of highly qualified individuals to build cutting-edge automated ultrasonic testing systems.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Ashtead Technology (United Kingdom), Baker Huges (United States), Olympus Corporation (Japan), GE Measurement & Control Solutions (United States), TÜV Rheinland (Germany), Acuren Inspection Inc. (United States), Bureau Veritas SA (France), SHAWCOR (Canada), Baker Hughes (United States) and MISTRAS Group (United States) |
CAGR | % |
Automated Ultrasonic Testing (AUT) is a fragmented market due to the presence of a large number of established competitors. The market is highly competitive with a few players occupying the major share. The companies are also planning strategic activities like partnerships, collaboration, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Automated Ultrasonic Testing (AUT) market throughout the predicted period.
Ashtead Technology (United Kingdom), Baker Huges (United States), Olympus Corporation (Japan), GE Measurement & Control Solutions (United States), TÜV Rheinland (Germany), Acuren Inspection Inc. (United States), Bureau Veritas SA (France), SHAWCOR (Canada), Baker Hughes (United States) and MISTRAS Group (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are MME Group (United States) and Sentinel Integrity Solutions (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Automated Ultrasonic Testing (AUT) market by Type and Region with country level break-up.
On the basis of geography, the market of Automated Ultrasonic Testing (AUT) has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
June 2020- Acuren Inspection Inc. has announced the acquisition of Suspendem, a leading provider of wind turbine maintenance and inspection services in North America. The acquisition combines Acuren’s substantial experience and capacity in rope access, NDT, and engineering with Suspendem’s specialized expertise in wind turbine services to provide a comprehensive solution to the wind industry.
December 2020 – Walgate Technologies, a Baker Hughes business and an industry leader in inspection solutions, introduced Phoenix Powerlscan HE solution, its first high-energy computed tomography system.
Influencing Trend:
Portable Phased Array Ultrasonic Testing Equipment
Market Growth Drivers:
Increased Safety Regulation, More Emphasis Toward Continuous Monitoring to Prevent Sudden Failure and Growth in Ultrasonic Testing Market Services
Challenges:
Lack of Specifically Skilled Workforce
Restraints:
High Maintenance Cost of Automated Ultrasonic Testing Equipment
Opportunities:
Increasing Demand from End-Use Industries and Infrastructural Development in Developing Regions
Key Target Audience
Manufacturers of Automated Ultrasonic Testing Systems, Suppliers of Automated Ultrasonic Testing Systems, Aerospace Industry, Governmental bodies, Manufacturing Companies and Oil and Gas companies