Non-Destructive Testing (NDT) Producers and Non-Destructive Testing (NDT) Market Trend
Non-Destructive Testing (NDT) is a group of testing and analysis techniques used by industry to evaluate the properties of a material, components, assemblies, or system for characteristic differences or welding defects and discontinuities without causing damage to the original part. NDT is contrary to destructive testing such as stress or bend testing where critical material properties are determined through achieving specimen failure. While destructive testing is intrinsically more revealing; it also is costly to a manufacturing operation due to material loss and, for obvious reasons, it is not suitable for in-service material testing. NDT can be widely used in the field of automotive, aerospace, construction, oil & gas, electronics & semiconductors, and infrastructure.
The global NDT market size was USD 7.6 billion in 2017 and will reach USD 11.5 billion in 2022, with a CAGR of 8.6% from 2017 to 2022. The global NDT market size is expected to reach USD 14.5 billion in 2027, with a CAGR of 4.7% from 2022 to 2027.
At present, popular NDT methods include ultrasonic testing (UT), radiographic testing (RT), magnetic particle testing (MT), penetrant testing (PT) and eddy current testing (ET). Following are the figure of NDT technique comparison and market share information.
Figure NDT Technique Comparison
Source: The Modal Shop, Inc.
North America is the largest market share of NDT, accounting for 35.4% market share; followed by Europe, with a market share of 26.3%. In recent years, Asia-Pacific become the fast-growing market with a market share of 26.2% due to the rapid development of infrastructure and the continued improvement of manufacturing automation.
Major players in the global NDT industry include Olympus Corporation, Zetec, Mistras, Nikon, Baker Hughes, Sonatest, Zetec, M2M, Eddyfi Technologies, Shantou Institute of Ultrasonic Instruments Co., Guangdong Goworld Co., China Technological Innovation Investment Ltd., Guangzhou Doppler, YXLON, UNICOMP, Guangdong Zhengye, and DanDong HuaRI Science.