The non-destructive testing (NDT) service is playing a vital role in assuring quality and identifying areas of risk for businesses. Time-saving and cost-saving benefits offered by the NDT service for businesses are propelling the market growth. Less waste, less downtime, accident prevention, and reliability are the key advantages of NDT services enabling high adoption of services in businesses. Also, with the emergence of new testing devices and software, greater technical mobility has been achieved in the NDT service market.
MARKET DYNAMICS
NDT service has major demand from a wide range of industry verticals including automotive, aerospace, oil & gas, power generation, manufacturing, and government, among others. Thus, increasing growth in these sectors in creating enormous growth opportunities for the market, as companies are outsourcing the NDT operation to third-party service providers. In addition, emerging technologies in NDT methods with rising demand in the power generation market have created a new growth opportunity for the market. Also, increasing infrastructure development and rising industrialization are among the key factors bolstering market growth.
MARKET SCOPE
The "Global NDT Services Market Analysis To 2027"? is a specialized and in-depth study of the technology, media, and telecommunication industry with a special focus on the global market trend analysis. The NDT Services market report aims to provide an overview of the NDT Services market with detailed market segmentation by testing technique, type, vertical, and geography. The global NDT Services market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading NDT Services market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global NDT Services market is segmented based on testing technique, type, vertical. On the basis of testing technique, the market is segmented as visual inspection, magnetic particle, liquid penetrant, eddy current, ultrasonic, radiographic, acoustic emission, terahertz imaging. On the basis of type, the market is segmented as inspection services, equipment rental services, training services, calibration services. On the basis of vertical, the market is segmented as manufacturing, oil & gas, aerospace, government infrastructure & public safety, automotive, power generation, others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global NDT Services market based on various segments. It also provides market size and forecast estimates from the year 2017 to 2027 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The NDT Services market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the NDT Services market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely, North America, Europe, APAC, MEA, and South& Central America after evaluating political, economic, social and technological factors affecting the NDT Services market in these regions.
MARKET PLAYERS
The reports cover key developments in the NDT Services market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from NDT Services market are anticipated to lucrative growth opportunities in the future with the rising demand for filter products in the global market. Below mentioned is the list of few companies engaged in the underwriting and rating software market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the underwriting and rating software market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Ashtead Technology
- General Electric
- Intertek Group plc
- Mistras Group Inc.
- Nikon Metrology
- Olympus Corporation
- Team Industrial Services, Inc
- TUV Rheinland
- Yxlon international GMBH
- Zetec Inc.