Global Nondestructive Testing Equipment and Services Market

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Global Nondestructive Testing Equipment and
Services Market
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Summary

• The global market for nondestructive testing
  (NDT) equipment and services reached 15.8
  billion in 2016. This market should reach more
  than 17.2 billion in 2017 and 26.4 billion by
  2022, at a compound annual growth rate (CAGR) of
  8.9 through 2022.
• Report Includes
• - An overview of the nondestructive testing (NDT)
  market.
• - Analyses of global market trends, with data
  from 2016, estimates for 2017, and projections of
  compound annual growth rates (CAGRs) through
  2022.
• - Identification of companies actively engaged in
  the development and manufacture of NDT equipment.
• - A look at key NDT technologies, including their
  individual histories and applications.
• - Discussion of key NDT end-user markets and
  sales by the technologies used within each
  market.
• - Relevant patent analysis.
• - Profiles of major players in the industry.

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Study Goals and Objectives

• This report will provide an overview of current
  technology developments and an assessment of the
  global market for Nondestructive Testing (NDT)
  equipment and services. The goals of the report
  are as follows
• - Provide an overview of NDT technologies.
• - Identify companies engaged in the manufacture
  of NDT equipment and the global market for such
  equipment.
• - Identify companies actively engaged in
  providing NDT services and the global market for
  such NDT services.
• - Assess new developments by analyzing recent
  patents granted for NDT-related technologies.
• - Identify technological and business issues that
  will impact the NDT industry.
• - Provide an understanding of the market and
  technology so decision-makers will be able to
  evaluate and consider opportunities within this
  market.

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Reasons for Doing This Study

• Nondestructive Testing is playing a leading role
  in a number of key industries and applications
  for NDT are expanding rapidly. New NDT
  technologies are evolving in important ways and
  are becoming increasingly user-friendly. Many new
  industries have begun to use NDT techniques and
  are becoming significant consumers of this
  technology. The potential market for
  nondestructive testing equipment continues to
  expand with emphasis on product quality, lean
  manufacturing, just-in-time inventory practices,
  advances in nanomaterials, and related
  manufacturing, and testing. So, the market for
  NDT equipment is increasing rapidly.
  Additionally, many industries who cannot afford
  investment in NDT equipment or have properly
  trained personnel for using sophisticated NDT
  equipment, use the services of companies offering
  NDT services and the market for such services is
  also increasing. This report identifies the
  global market for various types of NDT equipment,
  as well as the global market for different NDT
  services being offered by various companies.

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Intended Audience

• This report is intended to help
• - Marketing managers to identify newer market
  opportunities and develop targeted promotional
  plans for NDT equipment and NDT services.
• - Research and development professionals to stay
  on top of competitor initiatives and explore
  demand for NDT equipment and to develop new
  products suited for newer applications.
• - Advertising agencies working with clients in
  the NDT equipment industry to understand the
  products and to develop messages and images that
  will influence consumers to purchase these
  products.
• - Business development executives to understand
  the dynamics of the market and identify new
  markets for new NDT equipment as well as NDT
  services.
• - Information and research center librarians to
  provide market researchers and brand and product
  managers with the information they need to do
  their jobs more effectively.

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Scope and Format

• The report has been prepared in a clear, easily
  understandable format with a number of tables and
  charts/figures. The scope of the report includes
  a detailed study of global and regional markets
  for various types of NDT technologies and
  necessary equipment suitable for these
  technologies, as well as the market for NDT
  services offered by different companies around
  the world. This study provides an overview of
  NDT, developmental history of various NDT
  technologies, profiles of market leaders in NDT
  business and their new products as well as the
  consolidation trends within the industry.

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Methodology

• Both primary and secondary research methodologies
  were used in preparing this report. Initially, a
  comprehensive and exhaustive search of the
  literature on NDT was conducted. These sources
  include journals and related books, trade
  literature, marketing literature, other
  product/promotional literature, annual reports,
  security analyst reports and other publications.
  The methodology used to estimate and forecast the
  NDT market starts with capturing data on
  different vendor revenue through secondary
  research from various sources. The bottom-up
  procedure has been used to arrive at the global
  NDT equipment market from the revenues of key
  players in the market. After arriving at the
  overall market size, the total market has been
  split into several segments and sub-segments
  which have been verified through the primary
  research by conducting telephone interviews and
  email correspondence was conducted with marketing
  executives, product sales engineers,
  international sales managers, application
  engineers and other personnel of companies
  manufacturing as well as using NDT equipment.
  Other sources included magazines devoted to NDT,
  academics, technology suppliers, technical
  experts and consulting companies. A patent search
  and analysis were also conducted.

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Full Reports
Global Nondestructive Testing Equipment
Services Market
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