Non-destructive testing services market is estimated to exhibit high growth potential during the forecast period owing to the high demand across industry verticals. Rising demand among the end-use industries for non-destructive testing services drives the growth of the market. Additionally, innovation and advancement in technology and increasing market for non-destructive testing services is adding fuel to the growth of the non-destructive testing services market.
According to Market Research Future Analysis, the global Non-destructive Testing Services Market is estimated to generate revenue of approximately USD 26 billion by 2023 growing at a CAGR of 8% during the forecast period 2017-2023.
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Some of the prominent players in the global non-destructive testing services market are MISTRAS Group, Inc. (U.S.), Olympus Corporation (Japan), GE Inspection Technologies (U.S.), Intertek Group PLC (U.K.), SGS S.A. (Switzerland), Nikon Metrology, Inc. (U.S.), Ashtead Technology, Inc. (U.S.), Sonatest Ltd. (U.K), Bosello High Technology S.R.L. (Italy), and Fujifilm Holdings Corporation (Japan) others.
The global non-destructive testing services market is segmented by type, technique, application and vertical. By product, the market is segmented into traditional non-destructive testing services and advanced non-destructive testing services. By type, the market is segmented into ultrasonic testing services, radiography testing services, liquid penetrant testing services, magnetic particle testing services, eddy-current testing services, and visual inspection services. By application, the market is segmented into flaw detection, leak detection, dimensional measurement, estimation of physical properties, chemical composition determination, and stress & structure analysis. Whereas, based on vertical, the market is segmented into aerospace & defense, automotive, oil & gas, infrastructure, and power.
The global non-destructive testing services market is studied in Asia Pacific, North America, Europe, and Rest of the World. It has been observed that North America is estimated to account for the largest market share, whereas Asia Pacific is projected to grow at the fastest rate during the forecast period. The growth of North America market is attributed to technological advancements and the increased adoption of non-destructive testing service applications across industry verticals.
- Technology Investors
- Research/Consultancy firms
- Government Bodies
- Service Providers
- Information Technology (IT) developers
- Consulting service providers
- Technology Providers
- System integrators
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