Ultrasonic NDT Equipment Market Growth, Emerging Trends, Industry Analysis, Segmentation, Gross Margin, Deployment Competitive Strategies and Forecasts To 2023

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 2019-2023

Ultrasonic NDT Equipment Market Scenario:

Ultrasonic NDT Equipment Market 2019 Global Industry Size, Growth, Trends, Share, And Key Country Analysis 2019" is latest market research report on Ultrasonic NDT Equipment Industry, which provides comprehensive information on Global Ultrasonic NDT Equipment Market by End-User (Oil & Gas Industry, Power Generation, Aerospace and defense sector, Automotive and Transportation industry), By Geography (North-America, Europe, Asia-Pacific, RoW) - Forecast 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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Key Players

The prominent players in this market are 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.

Ultrasonic NDT Equipment Market Segmentation:

The global ultrasonic non-destructive testing equipment market has been segmented on the basis of end-users and region. On the basis of end-users, the utrasonic NDT equipment market has been segmented into oil and gas industry, power generation, aerospace and defense sector, and automotive and transportation industry.

Ultrasonic NDT Equipment Market Regional Analysis:

North America was the largest market for ultrasonic NDT equipment market due to increasing focus by automotive manufacturers to increase its production processes in U.S. Among other countries in North-America, U.S. is dominating the ultrasonic NDT equipment and Canada is expected to grow over the forecast period whereas Europe is growing at a stable rate over the forecast period with a CAGR of 8.77% from 2017 to 2023. The region is attributed to the increasing safety regulations, rapid prototyping and industrialization among others. Also, the expansion in the aerospace and defense sector is expected to boost the market. Whereas, factors such as lack of skilled workforce and the equipment being expensive for testing are stopping the market to grow in the European region.

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Intended Audience:

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

Table of Contents
1 Market Introduction
1.1 Key Market Highlights
2 Scope of the Report
2.1 Market Overview
2.2 Scope of the Study
2.3 Assumptions
2.4 Market Structure
2.5 Top Vendor Offerings
Continues...
List of Tables
Table 1 Key Countries in Each Region
Table 2 Top Vendor Offerings
Table 3 Ultrasonic NDT Equipment Market, By End Users (Usd Million)
Continues...

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