Ultrasonic NDT Equipment Industry Global Production,Growth,Share,Demand and Applications Forecast to 2023

WiseGuyReports.Com Publish a New Market Research Report On –“ Ultrasonic NDT Equipment Industry Global Production,Growth,Share,Demand and Applications Forecast to 2023”.


The global ultrasonic NDT equipment market is a very dynamic market and is expected to witness stable growth over the forecast period. The growth of the ultrasonic NDT equipment market is influenced by the expansion in the aerospace & defense sector, growth in the wind energy sector and emergence of new avenues for natural gas market. Furthermore, growth in the electrical vehicle sales, use of array equipment in radiography and the need for customization of ultrasonic NDT equipment are the factors expected to boost the growth of the market over the forecast period. However, lack of skilled manpower, rise in pipeline sabotage threats are the factors hindering the growth of ultrasonic NDT equipment market.

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The global Ultrasonic NDT Equipment market is expected to reach USD 2.47 billion by the end of 2023 with 9.87% CAGR during forecast period 2017-2023.

Key Players
The key players of Ultrasonic NDT Equipment market include GE Inspection Technologies (U.S.), Olympus Corporation (Japan), Sonatest (U.K.), Danatronic (U.S.), Eddyfi (Canada), James Instruments (U.S.), NDT Systems (U.S.), PaR systems (U.S.), Qualitest International (Canada) and Trinity NDT (India) among others.

Global Ultrasonic NDT Equipment Market Analysis & Forecast, from 2016 to 2023
• To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the Ultrasonic NDT Equipment market.
• To provide insights about factors affecting the market growth.
• To analyze the Ultrasonic NDT Equipment market based on porter’s five force analysis etc.
• To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World.
• To provide country level analysis of the market with respect to the current market size and future prospective.
• To provide country level analysis of the market for segment on the basis of output, technology and end user.
• To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.
• To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Ultrasonic NDT Equipment market.

Target Audience
• Ultrasonic NDT Equipment Manufacturers
• Distributors
• Research firms
• Consultancy firms
• Vendors
• Semiconductor Manufacturers
• Stakeholders
• End-user sectors
• Technology Investors


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Table Of Contents – Major Key Points

1 Executive Summary 8
1.1 Key Market Highlights 9

2 Market Dynamics 10
2.1 Introduction 10
2.2 Drivers 11
2.2.1 Expanding aerospace and defense sector 11
2.2.2 Growth in wind energy market 12
2.2.3 Emergence of new avenues for natural gas market 14
2.3 Challenges 15
2.3.1 Necessity for price-sensitive and multiple-technology solutions 15
2.3.2 Lack of skilled manpower 15
2.3.3 Approval of different standards to use new technology 15
2.3.4 Rise in pipeline sabotage threats 15
2.4 Market Trends 16
2.4.1 Growth In Electrical Vehicle Sales 16
2.4.2 Use of Phased Array Equipment in Lieu of Radiography 18
2.4.3 Miniaturization and Need for Customization of Ultrasonic NDT Equipment 18
2.4.4 Ultrasonic Testing for Case-Hardened Components and Laser-Welded Tailored Blanks 18
2.5 Porter’s Five Forces Analysis 18
2.5.1 Introduction 18

3 Ultrasonic NDT Equipment Market, By End-User 20
3.1 Introduction 20
3.2 Oil & Gas Industry 21
3.3 Power Generation 23
3.4 Aerospace and defense sector 28
3.5 Automotive and Transportation industry 30
3.6 Others 31

4 Ultrasonic NDT Equipment Market, By Region 33
4.1 Introduction 33
4.2 North-America 34
4.3 Europe 36
4.4 Asia-Pacific 38
4.5 Rest of the World 41

5 Company Profile 43
5.1 Competitive Scenario 43
5.1.1 Other Prominent Vendors 44
5.2 Key Vendor Analysis 45
5.2.1 GE Inspection Technologies 45 Overview 45 Product/Services Offering 45 Strategy 46 SWOT Analysis 46
5.2.2 Olympus Corporation 48 Overview 48 Product/Services Offering 48 Strategy 49 SWOT Analysis 49
5.2.3 Sonatest 51 Overview 51 Product/Services Offering 51
5.2.4 Danatronics 52 Overview 52 Product/Services Offering 52
5.2.5 Eddyfi 53 Overview 53 Product/Services Offering 53
5.2.6 James Instruments 54 Overview 54 Product/Services Offering 54
5.2.7 NDT Systems 55 Overview 55 Product/Services Offering 55
5.2.8 PaR Systems 57 Overview 57 Product/Services Offering 57
5.2.9 Qualitest International 58 Overview 58 Product/Services Offering 58
5.2.10 Trinity NDT 59 Overview 59 Product/Services Offering 59


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