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The global non-destructive testing and inspection market exhibited moderate growth during 2015-2020. Non-destructive testing (NDT) is a quality assurance management tool that is used to inspect the properties of a material, component, structure and system in a safe, reliable and cost-effective manner without affecting the integrity of the unit. It relies on a variety of non-invasive inspection (NDI) techniques that can be performed during or after the manufacturing process. Non-destructive testing and inspection are regulated by codes and standards, which are fixed by different industries and countries based on their requirement. They are widely utilized in the oil and gas, petrochemical, chemical, aerospace, automotive and defense industries to detect flaws, reduce chances of failure and increase reliability.
Stringent regulations adopted by the governments of various countries regarding public safety and product quality represent one of the key factors impelling the non-destructive testing and inspection market growth. Additionally, advancements in robotics, along with the growing trend of automation in manufacturing processes, are bolstering the growth of the market. Furthermore, rising construction activities and the increasing utilization of electricity, owing to rapid urbanization and the growing population, are catalyzing the demand for NDT and inspection tools to avoid unexpected system failures and ensure faster production rates. The advent of ultrasonic detectors and industrial CT scanners are acting as another major growth-inducing factor, as these devices are boosting the applications of NDT in various industries. Apart from this, several key players are investing in research and development (R&D) activities to develop cost-effective pedestal and modular NDT robots, which is anticipated to fuel the market growth in the upcoming years. Looking forward, IMARC Group expects the global non-destructive testing and inspection market to grow at a CAGR of 7% during 2021-2026.
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The report has also analysed the competitive landscape of the market with some of the key players being Ashtead Technology Ltd., Bosello High Technology (Carl Zeiss AG), Fischer Technology Inc., Magnaflux GmbH (Illinois Tool Works Inc.), MISTRAS Group Inc., NDT Global GmbH & Co. KG (Eddyfi NDT Inc.), Nikon Metrology NV, Olympus Corporation, Sonatest NDA Limited, T.D. Williamson Inc., YXLON International (Comet Holding AG), Zetec Inc. (Roper Technologies Inc.),
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