Industry Background:
Non-destructive testing (NDT) consists of various non-invasive types of methods that are used to assess material, components or the entire process units. It is widely referred to as nondestructive examination (NDE), nondestructive evaluation (NDE) and also non-destructive inspection (NDI). The techniques of non-destructive testing can be used to detect and measure the presence of damage in the process or in mechanisms including corrosion, cracks and other defects. The NDT methods are capable of showing defects and recognizing the nature of defects like shape, size, and orientation. It helps in inspecting the components in a reliable, efficient and safe manner without causing any damage to the equipment or without disrupting the plant operation.This growth is primarily driven by Growing Demand for Equipment and Machinery Evaluation for Reliability and Reassurance and Rising Need for Safety in Industrial Operations.
Globally, a noticeable market trend is evident The Advent of IoT and Artificial Intelligence (AI) in Non-Destructive Testing Market
. Major Players, such as GE Measurement & Control Solutions (United States), Olympus Corporation (Japan), Magnaflux Ltd. (United States), YXLON International GmbH (Comet Holding) (Switzerland), Zetec Inc. (Roper Technologies) (United States), MISTRAS Group, Inc.(United States), KARL DEUTSCH GmbH (Germany), Applus+ (Spain), Sonatest (United Kingdom), Proceq Group (Switzerland), NDT-Union Oy (Finland) and Dandong Huari Science Electric Co., Ltd (China) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 8th January 2019, Applus+ announced that it acquired US-based Talon Test Laboratories who are specialists in non-destructive testing (NDT) for the aerospace sector. With this acquisition, the Energy and Industry Division of Talon will strengthen its presence in the United States along with expansion of its network and range of services.
Regulatory Insights:
"Under the name of “The American Industrial Radium and X-Ray Society,” the American Society for Nondestructive Testing (ASNT) is the world’s largest organization for nondestructive testing professionals across various industries. ASNT is accredited as a third-party certification body by the American National Standards Institute (ANSI) and provides various certifications related to the non-destructive examination."
Market Drivers
- Growing Demand for Equipment and Machinery Evaluation for Reliability and Reassurance
- Rising Need for Safety in Industrial Operations
Market Trend
- The Advent of IoT and Artificial Intelligence (AI) in Non-Destructive Testing Market
- Emerging Online Courses for Non-Destructive Testing
Restraints
- Stringent Regulatory Guidelines Associated with Non-Destructive Testing
- Stiff Competition Due to Various Players
Opportunities
Continuous Advancement in Electronics and Automation will Boost the Non-Destructive Testing Market and Surging Demand for Defense and Aerospace Industry
Challenges
Complexities Involved with Maintenance of Non-Destructive Testing Equipment
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