Non-Destructive Testing Market Size

Report on Industry Size & Market Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers Global Non-Destructive Testing Services Market Research is segmented by Type (Service and Equipment), Technology (Radiography Testing, Ultrasonic Testing, Magnetic Particle Testing, Liquid Penetrant Testing, Visual Inspection, and Eddy Current), End-user Industry (Oil & Gas, Power & Energy, Construction, Automotive & Transportation, Aerospace, and Defense), and Geography.

Non Destructive Testing (NDT) Market Size

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Non-Destructive Testing Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 2.53 Billion
Market Size (2029) USD 3.62 Billion
CAGR (2024 - 2029) 7.35 %
Fastest Growing Market Asia Pacific
Largest Market North America

Major Players

Non-Destructive Testing Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Non Destructive Testing (NDT) Market Analysis

The NDT Market size is estimated at USD 2.53 billion in 2024, and is expected to reach USD 3.62 billion by 2029, growing at a CAGR of 7.35% during the forecast period (2024-2029).

According to the British Institute of Non-Destructive Testing, every day, more than 25,000 inspections are carried out in factories and on-site in the UK to detect defects and damage in a huge range of products, plant, and structures; it is estimated that there are more than 120,000 inspectors operating worldwide.

  • With the increase in automation in the industrial manufacturing and infrastructure sectors, there has been a substantial hike in the demand for flaw detection related to cracks, porosity, manufacturing disorders, and so on. Therefore, adherence to industrial safety norms is a significant factor behind the growth of the NDT market.
  • Moreover, several governmental agencies and regional bodies, like the American Society of Mechanical Engineers (ASME) and the International Organization for Standardization (ISO), have been instituted across the world to take stringent measures for assuring the safety of instruments and overseeing of engineering services testing. This is important for gaining clearances and certificates from concerned authorities. This creates a positive impact on the NDT market globally.
  • However, due to the lack of skilled professionals and high equipment cost coupled with high maintenance cost is restraining the market during the forecast period

Non Destructive Testing (NDT) Market Trends

This section covers the major market trends shaping the NDT Market according to our research experts:

Power and Energy Sector Offers Potential Growth

  • Nuclear power is playing an essential role in generating electricity in many countries of the world. In a number of countries, generating electricity at nuclear power plants makes more than 50 percent (Lithuania - 81,5%, France - 78,2 %, Belgium - 60,1%). 
  • Ensuring a reliable and safe operation of nuclear power plants is the central problem of nuclear power engineering. In particular, it depends on the quality of nuclear fuel and process equipment for fuel manufacture. Solving this problem is directly connected to the application of non-destructive testing and diagnostics. 
  • Nondestructive methods are very widespread in many applications such as fuel inspection. In this field, many techniques are used, like ultrasonics, eddy current, radiographic testing, and acoustic techniques.  According to the IAEA studies, the fuel failure rate in the world is around 10-5, which means 1-3 failed fuel rods from 100 000 fuel rods in operation. With the implementation of NDT, the failure rate is decreasing.
  • Moreover, in the next four years, more than 67 nuclear reactors in the world are estimated to reach an age of over 40 years of the operational period.  As nuclear power plants age, the importance of maintenance increases and there is a need to apply inspection technologies. This creates huge market opportunities for NDT market.
Non-Destructive Testing Market: Operational Nuclear Power Plants, in Units, Global 2014-2018

Asia- Pacific to Witness Fastest Growth

  • According to the World Nuclear Association, China and India have planned 43 and 14 nuclear reactors respectively by May 2019. Thus, the need for maintenance of those power plants will also increase which in return will create a market for nondestructive testing.
  • Further, the APAC region offers opportunities for the non-destructive testing market owing to the increase in infrastructure spending by the governments. For instance, the largest infrastructure effort in the region is China’s “Belt and Road Initiative,” aiming to boost productivity and efficiency gains by improving trade links between Asia and Europe. Such infrastructure initiatives create a market for NDT because NDT helps in detecting corrosion, cracking and other damage which can affect load carrying capacity.
Non-Destructive Testing Market - Growth Rate by Region (2019 - 2024)

Non Destructive Testing (NDT) Industry Overview

The NDT market is competitive in nature. With the increasing regulations, which makes it mandatory for different organizations to undergo a life assessment procedure as a safety measure coupled with the regular inspection required to check for any damage in the equipment and to take necessary is creating a market for NDT. Thus, the companies are entering this market seeing a huge opportunity. Some of the key players areOlympus Corporation,GE Measurement & Control Solutions amongst others. Some recent developments are:

  • June 2018 -Comet's Lab Oneand Yxlon's Non-Destructive Testing facility offered samples to customersfor Non-Destructive Test (NDT) contract services. This was designed to bring customer engineers closer to metrology and measurement testing and NDT innovation practices, using the offerings available in the technologies i.e.RF Power, X-ray/CT, and electron beam materials testing.

Non Destructive Testing (NDT) Market Leaders

  1. SGS SA

  2. Bureau Veritas S.A.

  3. Intertek Group PLC

  4. Olympus Corporation

  5. Mistras Group, Inc.

*Disclaimer: Major Players sorted in no particular order

Non-Destructive Testing Market Concentration
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Non Destructive Testing (NDT) Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Introduction to Market Drivers and Restraints

    3. 4.3 Market Drivers

      1. 4.3.1 Stringent Regulations Mandating Safety Standards

      2. 4.3.2 Increase in Demand for Flaw Detection to Reduce Repair Cost

    4. 4.4 Market Restraints

      1. 4.4.1 Lack of Skilled Workforce and Training Regulations

    5. 4.5 Industry Value Chain Analysis

    6. 4.6 Industry Attractiveness Porters Five Force Analysis

      1. 4.6.1 Threat of New Entrants

      2. 4.6.2 Bargaining Power of Buyers/Consumers

      3. 4.6.3 Bargaining Power of Suppliers

      4. 4.6.4 Threat of Substitute Products

      5. 4.6.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 Services

      2. 5.1.2 Equipment

    2. 5.2 By Testing Technology

      1. 5.2.1 Radiography Testing

      2. 5.2.2 Ultrasonic Testing

      3. 5.2.3 Magnetic Particle Testing

      4. 5.2.4 Liquid Penetrant Testing

      5. 5.2.5 Visual Inspection Testing

      6. 5.2.6 Eddy Current Testing

      7. 5.2.7 Other Testing Technologies

    3. 5.3 By End-user Industry

      1. 5.3.1 Oil & Gas

      2. 5.3.2 Power & Energy

      3. 5.3.3 Construction

      4. 5.3.4 Automotive & Transportation

      5. 5.3.5 Aerospace

      6. 5.3.6 Defense

      7. 5.3.7 Other End-user Industries

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

      2. 5.4.2 Europe

        1. 5.4.2.1 Germany

        2. 5.4.2.2 United Kingdom

        3. 5.4.2.3 France

        4. 5.4.2.4 Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 Japan

        3. 5.4.3.3 India

        4. 5.4.3.4 Rest of Asia-Pacific

      4. 5.4.4 Latin America

        1. 5.4.4.1 Brazil

        2. 5.4.4.2 Argentina

        3. 5.4.4.3 Mexico

        4. 5.4.4.4 Rest of Latin America

      5. 5.4.5 Middle East & Africa

        1. 5.4.5.1 UAE

        2. 5.4.5.2 Saudi Arabia

        3. 5.4.5.3 South Africa

        4. 5.4.5.4 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Olympus Corporation

      2. 6.1.2 GE Measurement & Control Solutions

      3. 6.1.3 Yxlon International Gmbh (Comet Holding Ag)

      4. 6.1.4 Team Inc

      5. 6.1.5 Applus Services

      6. 6.1.6 Mistras Group, Inc.

      7. 6.1.7 SGS Group

      8. 6.1.8 Fujifilm Corporation

      9. 6.1.9 Bureau Veritas S.A.

      10. 6.1.10 Nikon Metrology NV

      11. 6.1.11 Intertek Group Plc.

      12. 6.1.12 TÜV Rheinland AG

      13. 6.1.13 Magnaflux Corp.

    2. *List Not Exhaustive
  7. 7. INVESTMENT ANALYSIS

  8. 8. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Non Destructive Testing (NDT) Industry Segmentation

Nondestructive testing (NDT) is the process of inspecting, testing, or evaluating materials, components or assemblies for discontinuities, or differences in characteristics without destroying the serviceability of the part or system. Aerospace, defense, oil and gas, power generation and automotive are leading sectors that use NDT techniques to ensure the quality of products. These sectors use the NDT test to determine the physical properties of materials such as impact resistance, ductility, yield, ultimate tensile strength, fracture toughness, and fatigue strength. Visual testing is the most widely used method of non-destructive testing (NDT) among others.

 

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Non Destructive Testing (NDT) Market Research FAQs

The NDT Market size is expected to reach USD 2.53 billion in 2024 and grow at a CAGR of 7.35% to reach USD 3.62 billion by 2029.

In 2024, the NDT Market size is expected to reach USD 2.53 billion.

SGS SA, Bureau Veritas S.A., Intertek Group PLC, Olympus Corporation and Mistras Group, Inc. are the major companies operating in the NDT Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in NDT Market.

In 2023, the NDT Market size was estimated at USD 2.36 billion. The report covers the NDT Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the NDT Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Non-Destructive Testing Services Industry Report

Statistics for the 2024 Non-Destructive Testing Services market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Non-Destructive Testing Services analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Non-Destructive Testing Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)