Non-destructive Testing & Inspection Market (by Technique) to Hit 8.30% CAGR to 2022

The non-destructive testing and inspection market size is projected to reach at USD11.39 billion by 2022, at a CAGR of 8.30% between 2016 and 2022 driven by increasing demand from electronics, automation, and robotics industries.

The non-destructive testing and inspection market size is expected to be valued at USD11.39 billion by 2022, at a CAGR of 8.30% between 2016 and 2022. A key influencing factor for the growth of the market is the increasing demand from electronics, automation, and robotics industries. Rising infrastructure opportunities in emerging countries is another factor that would encourage the demand for non-destructive testing and inspection.

Complete report on global non-destructive testing and inspection market spread across 176 pages, profiling 13 companies and supported with 80 tables and 68 figures is now available at http://www.rnrmarketresearch.com/global-non-destructive-testing-ndt-equipment-market-by-technology-ultrasonic-eddy-current-electromagnetic-radiography-thermography-verticals-manufacturing-petrochemical-aerospace-automo-market-report.html .

The manufacturing sector is expected to grow rapidly during the forecast period between 2016 and 2022. This sector is expected to be driven by government policies for non-destructive testing and increased safety awareness in industries. The increasing demand for consumer durable goods and electronic equipment would raise the need for inspection.

The market in APAC is expected to grow at a high CAGR between 2016 and 2022. The growth is attributed to the large infrastructure projects and increasing manufacturing sector in this region. The market in India is expected to grow at the highest CAGR between 2016 and 2022. The construction of new power plants to meet the growing demands for energy are expected to be the key factor for the growth of the NDT market in APAC.

The key players in this market include General Electric Company (U.S.), Olympus Corporation (Japan), Ashtead Technology Ltd. (U.K.), Mistras Group Inc. (U.S.), Nikon Corporation (Japan), Magnaflux Corporation (U.S.), Zetec Inc. (U.S.), Sonatest Ltd. (U.K.),Sonotron NDT (Israel), Bosello High Tech SRL ( Italy), Yxlon International GmbH (Germany), Fischer Technology Inc. (U.S.), and Eddyfi NDT Inc. (Canada) among others. Ask for the discount before order a copy of Non-Destructive Testing and Inspection Market by Technique (Visual Testing, Magnetic Particle, Liquid Penetrant, Eddy Current, Ultrasonic, Radiographic, Acoustic Emission, and Terahertz Imaging), Service, Vertical, and Geography - Global Forecast to 2022 research report at http://www.rnrmarketresearch.com/contacts/discount?rname=71791 .

To determine the market size of various segments and sub-segments of the non-destructive testing and inspection market, extensive secondary research is done. In the process of determining and verifying, the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (18%), Tier 2 (31%) and Tier 3 (51%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-level Executives (40%), Manager Level (34%) and others (26%) from various key organizations operating in the global non-destructive testing and inspection market. The primary interviews were conducted worldwide covering regions such as North America (51%), Europe (32%), APAC (12%) and Row (5%).

On a related note, another research on Testing, Inspection and Certification (TIC) Market Forecast to 2020 says, the overall TIC market was valued at $41.37 Billion in 2014, which is expected to reach $55.60 Billion by 2020, at a CAGR of 5.00% during the forecast period. Sectors like agriculture, and environmental are implementing new regulations and standards that have led to various growth opportunities for the TIC market in the said sectors. The global testing, inspection, and certification market has been segmented based on application and geography. Companies like ALS Global (Australia), BSI Group (U.K.), Bureau Veritas SA (France), Dekra Certification GmbH (Germany), Intertek Group PLC (U.K.), SAI Global (Australia), SGS Group (Switzerland), TÜV NORD Group (Germany), TÜV Rheinland Group (Germany), TÜV SUD Group (Germany), and UL LLC have been profiled in this 162 pages research report available at http://www.rnrmarketresearch.com/testing-inspection-and-certification-tic-market-by-application-aerospace-airframe-avionics-rotor-system-psu-lighting-life-sciences-healthcare-agriculture-pharma-medical-personal-care-market-report.html .

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