Non-Destructive Testing and Inspection Market by Technique (Visual Testing, Magnetic Particle, Liquid Penetrant, Eddy Current, Ultrasonic, Radiographic, Acoustic Emission, Terahertz Imaging), Service, Vertical, and Geography - Global Forecast to 2022

 Published On: Jun, 2016 |    No of Pages: 182 |  Published By: MarketsandMarkets | Format: PDF
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The non-destructive testing and inspection market size is expected to be valued at USD 11.39 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.

Market for the manufacturing vertical expected to grow rapidly in the near future

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.

APAC to be the fastest-growing market for non-destructive testing and 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.

Break-up of profiles of primary participants for the report is given below:

- By Company Type: Tier 1 – 18%, Tier 2 – 31%, and Tier 3 – 51%
- By Designation: C-Level –40%, Managers – 34%, Others – 26%
- By Region: North America - 51%, Europe – 32%, APAC – 12%, RoW – 5%

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.

Reasons to buy the report:

• This report includes the market statistics pertaining to technique, service, vertical, and geography.
• The Porter’s five forces framework has been utilized along with the value chain analysis to provide an in-depth insight into this market.
• Major drivers, restraints, opportunities, and challenges for the NDT market have been detailed in this report.
• Illustrative segmentation, analyses, and forecast have been conducted for the market based on the technique, method, service, vertical, and geography to give an overall view of the non-destructive testing market.
• The detailed competitive landscape includes key players, in-depth analysis, and revenue of key players.

TABLE OF CONTENTS

1 INTRODUCTION 15
1.1 OBJECTIVES OF THE STUDY 15
1.2 MARKET DEFINITION 15
1.3 MARKET SCOPE 16
1.3.1 MARKETS COVERED 16
1.3.2 YEARS CONSIDERED FOR THE STUDY 16
1.4 CURRENCY 17
1.5 LIMITATIONS 17
1.6 STAKEHOLDERS 17

2 RESEARCH METHODOLOGY 18
2.1 RESEARCH DATA 18
2.1.1 SECONDARY DATA 19
2.1.1.1 Key data from secondary sources 19
2.1.2 PRIMARY DATA 20
2.1.2.1 Key data from primary sources 20
2.1.2.2 Key industry insights 21
2.1.2.3 Breakdown of primaries 21
2.2 MARKET SIZE ESTIMATION 22
2.2.1 BOTTOM-UP APPROACH 22
2.2.2 TOP-DOWN APPROACH 23
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 24
2.4 RESEARCH ASSUMPTIONS 25

3 EXECUTIVE SUMMARY 26

4 PREMIUM INSIGHTS 31
4.1 LUCRATIVE OPPORTUNITIES IN THE NDT MARKET 31
4.2 NDT MARKET – COMPARISON OF GROWTH PATTERN OF NDT SERVICES 31
4.3 APAC NDT MARKET IN 2015 32
4.4 MARKET SHARE OF MAJOR COUNTRIES, 2015 33
4.5 NDT MARKET, BY TECHNIQUE, 2016 VS. 2022 33

5 MARKET OVERVIEW 34
5.1 INTRODUCTION 35
5.2 EVOLUTION OF NON-DESTRUCTIVE TESTING 35
5.3 MARKET SEGMENTATION 36
5.3.1 NDT MARKET, BY TECHNIQUE 36
5.3.2 NDT MARKET, BY METHOD 37
5.3.3 NDT MARKET, BY SERVICE 37
5.3.4 MAJOR APPLICATIONS IN NDT MARKET 37
5.3.5 NDT MARKET, BY VERTICAL 38
5.3.6 NDT MARKET, BY GEOGRAPHY 38
5.4 MARKET DYNAMICS 39
5.4.1 DRIVERS 40
5.4.1.1 Safety regulations by governments 40
5.4.1.2 Increasing demand from electronics, automation, and robotics end-user industries 40
5.4.1.3 Emergence of IoT 40
5.4.1.4 Aging infrastructure and the increasing need for maintenance 41
5.4.2 RESTRAINTS 42
5.4.2.1 High cost of automated NDT equipment 42
5.4.2.2 Lack of skilled and qualified personnel 42
5.4.3 OPPORTUNITIES 42
5.4.3.1 Increasing infrastructure development in emerging economies 42
5.4.3.2 Power generation - a key emerging market for NDT inspection services 43
5.4.3.3 Innovation in technologies and products 43
5.4.4 CHALLENGES 44
5.4.4.1 Fall in prices of oil & gas 44
5.4.4.2 Reluctance to adopt new NDT techniques 44

6 INDUSTRY TRENDS 45
6.1 VALUE CHAIN ANALYSIS 45
6.2 PORTER’S FIVE FORCES ANALYSIS 46
6.2.1 THREAT OF NEW ENTRANTS 47
6.2.2 THREAT OF SUBSTITUTES 48
6.2.3 BARGAINING POWER OF SUPPLIERS 49
6.2.4 BARGAINING POWER OF BUYERS 50
6.2.5 INTENSITY OF RIVALRY 51
6.3 EMERGING TRENDS: NON DESTRUCTIVE TESTING EQUIPMENT INDUSTRY 51
6.3.1 INCREASED CUSTOMER EXPECTATIONS 51
6.3.2 COMBINATION OF TECHNIQUES 51
6.3.3 DEVELOPMENT OF NEW MATERIALS TO REFURBISH THE MARKET 52
6.4 THE AMERICAN SOCIETY FOR NDT 52

7 NON-DESTRUCTIVE TESTING MARKET, BY TECHNIQUE 53
7.1 INTRODUCTION 54
7.2 VISUAL INSPECTION TESTING (VT) 57
7.2.1 GENERAL INSPECTION 57
7.2.2 AIDED VISUAL INSPECTION 57
7.2.2.1 Borescope 57
7.2.2.2 Endoscope 57
7.2.2.3 Videoscope 57
7.3 MAGNETIC PARTICLE TESTING (MPT) 59
7.4 LIQUID PENETRANT TESTING (LPT) 61
7.5 EDDY CURRENT TESTING (ECT) 63
7.5.1 ALTERNATING CURRENT FIELD MEASUREMENT (ACFM) 64
7.5.2 REMOTE FIELD TESTING (RFT) 64
7.5.3 EDDY CURRENT ARRAY (ECA) 64
7.6 ULTRASONIC TESTING (UT) 65
7.6.1 STRAIGHT BEAM 66
7.6.2 ANGLE BEAM 66
7.6.3 IMMERSION TESTING 66
7.6.4 GUIDED-WAVE 66
7.6.5 PHASED ARRAY 67
7.6.6 TIME-OF-FLIGHT DIFFRACTION (TOFD) 67
7.7 RADIOGRAPHIC TESTING (RT) 69
7.7.1 X-RAY TESTING 69
7.7.2 GAMMA-RAY TESTING 69
7.7.3 COMPUTED RADIOGRAPHY 69
7.7.4 FILM RADIOGRAPHY 69
7.7.5 DIRECT RADIOGRAPHY (REAL-TIME) 69
7.8 ACOUSTIC EMISSION TESTING (AET) 71
7.9 TERAHERTZ IMAGING (THZ IMAGING) 73
7.9.1 AEROSPACE 73
7.9.2 SEMICONDUCTOR & ELECTRONICS 73
7.9.3 PHARMACEUTICAL 74

8 NON-DESTRUCTIVE TESTING MARKET, BY METHOD 76
8.1 INTRODUCTION 77
8.2 VISUAL INSPECTION 78
8.3 SURFACE INSPECTION 79
8.4 VOLUMETRIC INSPECTION 80
8.5 OTHER METHODS 81

9 NON-DESTRUCTIVE TESTING MARKET, BY SERVICE 83
9.1 INTRODUCTION 84
9.2 INSPECTION SERVICES 85
9.2.1 ULTRASONIC INSPECTION 85
9.2.2 RADIOGRAPHIC INSPECTION 85
9.2.3 VISUAL INSPECTION 86
9.2.4 MAGNETIC PARTICLE INSPECTION 86
9.2.5 ADVANCED EDDY CURRENT INSPECTION 86
9.2.6 LIQUID PENETRANT INSPECTION 86
9.3 EQUIPMENT RENTAL SERVICES 88
9.4 CALIBRATION SERVICES 89
9.5 TRAINING SERVICES 90

10 MAJOR APPLICATIONS IN NDT MARKET 92
10.1 INTRODUCTION 93
10.2 DIMENSIONAL MEASUREMENT 93
10.3 FLAW DETECTION 95
10.4 LEAK DETECTION 95
10.5 ESTIMATION OF PHYSICAL PROPERTIES 96
10.6 CHEMICAL COMPOSITION DETERMINATION 96
10.6.1 PLASMA EMISSION SPECTROGRAPHY 97
10.6.2 CORROSION RESISTANCE TESTING 97
10.7 STRESS AND STRUCTURE ANALYSIS 97
10.8 OTHERS 98

11 NDT MARKET, BY VERTICAL 99
11.1 INTRODUCTION 100
11.2 MANUFACTURING 102
11.3 OIL & GAS 102
11.3.1 REFINING 103
11.3.2 TRANSMISSION PIPELINE 103
11.3.3 SUBSEA PIPELINES 104
11.3.4 STORAGE TANKS 104
11.4 AEROSPACE 105
11.4.1 AIRCRAFT ENGINE PART PRODUCTION TO BE THE KEY APPLICATION AREA OF NDT EQUIPMENT TESTING 106
11.4.2 COMPOSITE AIRFRAME MANUFACTURING TO BE THE NEXT CULT NDT EQUIPMENT APPLICATION 106
11.4.3 AIRCRAFT MAINTENANCE 106
11.4.4 MATERIAL ANALYSIS 107
11.5 GOVERNMENT INFRASTRUCTURE AND PUBLIC SAFETY 108
11.5.1 MILITARY AND DEFENSE 108
11.5.2 AIRPORT SECURITY 108
11.5.3 RAILWAYS IN APAC TO HAVE A HIGH DEMAND FOR NDT 108
11.5.4 BRIDGES AND TUNNELS 108
11.5.5 BORDER CROSSING 109
11.6 AUTOMOTIVE 110
11.7 POWER GENERATION 111
11.7.1 NUCLEAR POWER TO BE THE LARGEST DRIVER FOR THE GROWTH OF NDT IN THE POWER GENERATION VERTICAL 112
11.7.2 WIND TURBINES 112
11.7.3 SOLAR POWER 112
11.7.4 FOSSIL FUEL ENERGY 113
11.8 OTHERS 114
11.8.1 MARINE 114
11.8.2 MEDICAL AND HEALTH 114
11.8.3 PLASTIC AND POLYMER 115

12 NON-DESTRUCTIVE TESTING MARKET, BY GEOGRAPHY 116
12.1 INTRODUCTION 117
12.2 NORTH AMERICA 119
12.2.1 U.S. 121
12.2.2 CANADA 122
12.2.3 MEXICO 122
12.3 EUROPE 123
12.3.1 U.K. 125
12.3.2 GERMANY 125
12.3.3 FRANCE 126
12.3.4 ITALY 126
12.3.5 REST OF EUROPE 126
12.4 ASIA-PACIFIC 127
12.4.1 CHINA 130
12.4.2 JAPAN 130
12.4.3 INDIA 131
12.4.4 REST OF APAC 131
12.5 REST OF THE WORLD 132
12.5.1 SOUTH AMERICA 134
12.5.2 MIDDLE EAST 134
12.5.3 AFRICA 135

13 COMPETITIVE LANDSCAPE 136
13.1 OVERVIEW 136
13.2 MARKET RANKING ANALYSIS 137
13.3 COMPETITIVE SITUATION AND TRENDS 138
13.3.1 NEW PRODUCT LAUNCHES 138
13.3.2 CONTRACTS, PARTNERSHIPS, PROJECTS, AND EXPANSIONS 139
13.3.3 MERGERS & ACQUISITIONS 140

14 COMPANY PROFILES 141 (Overview, Products and Services, Financials, Strategy & Development)*
14.1 INTRODUCTION 141
14.2 GENERAL ELECTRIC COMPANY 142
14.3 OLYMPUS CORPORATION 146
14.4 ASHTEAD TECHNOLOGY INC. 150
14.5 MISTRAS GROUP INC. 153
14.6 NIKON METROLOGY N.V. 157
14.7 EDDYFI NDT INC. 160
14.8 MAGNAFLUX CORPORATION 162
14.9 ZETEC INC. 164
14.10 SONATEST LTD. 166
14.11 BOSELLO HIGH TECHNOLOGY SRL 168
14.12 SONOTRON NDT 169
14.13 YXLON INTERNATIONAL GMBH 170
14.14 FISCHER TECHNOLOGY INC. 172

*Details on Overview, Products and Services, Financials, Strategy & Development might not be Captured in case of Unlisted Companies

15 APPENDIX 173
15.1 INSIGHTS OF INDUSTRY EXPERTS 173
15.2 DISCUSSION GUIDE 174
15.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 176
15.4 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 178
15.5 AVAILABLE CUSTOMIZATIONS 180
15.6 RELATED REPORTS 180

LIST OF TABLES

TABLE 1 NON-DESTRUCTIVE TESTING MARKET DRIVERS: IMPACT ANALYSIS 41
TABLE 2 NON-DESTRUCTIVE TESTING MARKET RESTRAINTS: IMPACT ANALYSIS 42
TABLE 3 NON-DESTRUCTIVE TESTING MARKET OPPORTUNITIES: IMPACT ANALYSIS 43
TABLE 4 NON-DESTRUCTIVE TESTING MARKET CHALLENGES: IMPACT ANALYSIS 44
TABLE 5 NON-DESTRUCTIVE TESTING MARKET SIZE, 2013–2022 (USD MILLION) 54
TABLE 6 NON-DESTRUCTIVE TESTING MARKET SIZE, BY TECHNIQUE, 2013–2022 (USD MILLION) 56
TABLE 7 NON-DESTRUCTIVE TESTING MARKET SIZE FOR VT, BY VERTICAL, 2013–2022 (USD MILLION) 58
TABLE 8 NON-DESTRUCTIVE TESTING MARKET SIZE FOR VT, BY REGION, 2013–2022 (USD MILLION) 59
TABLE 9 NON-DESTRUCTIVE TESTING MARKET SIZE FOR MPT, BY VERTICAL, 2013–2022 (USD MILLION) 60
TABLE 10 NON-DESTRUCTIVE TESTING MARKET SIZE FOR MPT, BY REGION, 2013–2022 (USD MILLION) 61
TABLE 11 COMPARISON OF LIQUID PENETRANT SYSTEMS 62
TABLE 12 NON-DESTRUCTIVE TESTING MARKET SIZE FOR LPT, BY VERTICAL, 2013–2022 (USD MILLION) 62
TABLE 13 NON-DESTRUCTIVE TESTING MARKET SIZE FOR LPT, BY REGION, 2013–2022 (USD MILLION) 63
TABLE 14 NON-DESTRUCTIVE TESTING MARKET SIZE FOR ECT, BY VERTICAL, 2013–2022 (USD MILLION) 64
TABLE 15 NON-DESTRUCTIVE TESTING MARKET SIZE Y ECT, BY REGION, 2013–2022 (USD MILLION) 65
TABLE 16 NON-DESTRUCTIVE TESTING MARKET SIZE FOR UT, BY VERTICAL, 2013–2022 (USD MILLION) 68
TABLE 17 NON-DESTRUCTIVE TESTING MARKET SIZE FOR UT, BY REGION, 2013–2022 (USD MILLION) 68
TABLE 18 NON-DESTRUCTIVE TESTING MARKET SIZE FOR RT, BY VERTICAL, 2013–2022 (USD MILLION) 70
TABLE 19 NON-DESTRUCTIVE TESTING MARKET SIZE FOR RT, BY REGION, 2013–2022 (USD MILLION) 71
TABLE 20 NON-DESTRUCTIVE TESTING MARKET SIZE FOR AET, BY VERTICAL, 2013–2022 (USD MILLION) 72
TABLE 21 NON-DESTRUCTIVE TESTING MARKET SIZE FOR AET, BY REGION, 2013–2022 (USD MILLION) 72
TABLE 22 NON-DESTRUCTIVE TESTING MARKET FOR THZ IMAGING, BY VERTICAL, 2013–2022 (USD MILLION) 74
TABLE 23 NON-DESTRUCTIVE TESTING MARKET FOR THZ IMAGING, BY REGION, 2013–2022 (USD MILLION) 75
TABLE 24 NON-DESTRUCTIVE TESTING MARKET SIZE, BY METHOD, 2013–2022 (USD MILLION) 77
TABLE 25 NON-DESTRUCTIVE MARKET SIZE FOR VISUAL INSPECTION METHOD, BY TECHNIQUE, 2013–2022 (USD MILLION) 78
TABLE 26 NON-DESTRUCTIVE MARKET SIZE FOR VISUAL INSPECTION METHOD, BY REGION, 2013–2022 (USD MILLION) 78
TABLE 27 NON-DESTRUCTIVE MARKET SIZE FOR SURFACE INSPECTION METHOD, BY TECHNIQUE, 2013–2022 (USD MILLION) 79
TABLE 28 NON-DESTRUCTIVE MARKET SIZE FOR SURFACE INSPECTION METHOD, BY REGION, 2013–2022 (USD MILLION) 80
TABLE 29 NON-DESTRUCTIVE MARKET SIZE FOR VOLUMETRIC INSPECTION METHOD, BY TECHNIQUE, 2013–2022 (USD MILLION) 80
TABLE 30 NON-DESTRUCTIVE MARKET SIZE FOR VOLUMETRIC INSPECTION METHOD, BY REGION, 2013–2022 (USD MILLION) 81
TABLE 31 NON-DESTRUCTIVE MARKET SIZE FOR OTHER METHODS, BY TECHNIQUE, 2013–2022 (USD MILLION) 81
TABLE 32 NON-DESTRUCTIVE MARKET SIZE FOR OTHER METHODS, BY REGION, 2013–2022 (USD MILLION) 82
TABLE 33 NON-DESTRUCTIVE TESTING MARKET SIZE, BY SERVICE, 2013–2022 (USD MILLION) 84
TABLE 34 NON-DESTRUCTIVE TESTING MARKET SIZE FOR INSPECTION SERVICES, BY VERTICAL, 2013–2022 (USD MILLION) 87
TABLE 35 NON-DESTRUCTIVE TESTING MARKET SIZE FOR INSPECTION SERVICES, BY REGION, 2013–2022 (USD MILLION) 87
TABLE 36 NON-DESTRUCTIVE TESTING MARKET SIZE FOR EQUIPMENT RENTAL SERVICES, BY VERTICAL, 2013–2022 (USD MILLION) 88
TABLE 37 NON-DESTRUCTIVE TESTING MARKET SIZE FOR EQUIPMENT RENTAL SERVICES, BY REGION, 2013–2022 (USD MILLION) 89
TABLE 38 NON-DESTRUCTIVE TESTING MARKET SIZE FOR CALIBRATION SERVICES, BY VERTICAL, 2013–2022 (USD MILLION) 89
TABLE 39 NON-DESTRUCTIVE TESTING MARKET SIZE FOR CALIBRATION SERVICES, BY REGION, 2013–2022 (USD MILLION) 90
TABLE 40 NON-DESTRUCTIVE TESTING MARKET SIZE FOR TRAINING SERVICES, BY VERTICAL, 2013–2022 (USD MILLION) 91
TABLE 41 NON-DESTRUCTIVE TESTING MARKET SIZE FOR TRAINING SERVICES, BY REGION, 2013–2022 (USD MILLION) 91
TABLE 42 DIMENSIONAL MEASUREMENT TECHNIQUES 94
TABLE 43 DIMENSIONAL MEASUREMENT EVALUATION 94
TABLE 44 ULTRASONIC TRANSDUCERS FOR FLAW DETECTION 95
TABLE 45 TYPES OF LEAK TESTING 96
TABLE 46 NDT TECHNIQUES FOR DETECTING STRUCTURAL DAMAGES: 97
TABLE 47 OTHER NDT APPLICATIONS 98
TABLE 48 INDUSTRIES WITH TESTING REQUIREMENTS 100
TABLE 49 NON-DESTRUCTIVE TESTING MARKET SIZE, BY VERTICAL, 2013–2022 (USD MILLION) 101
TABLE 50 NON-DESTRUCTIVE TESTING MARKET SIZE FOR MANUFACTURING VERTICAL, BY REGION, 2013–2022 (USD MILLION) 102
TABLE 51 NON-DESTRUCTIVE TESTING MARKET SIZE FOR OIL & GAS VERTICAL, BY REGION, 2013–2022 (USD MILLION) 105
TABLE 52 NDT TECHNIQUES IN AEROSPACE 105
TABLE 53 ESSENTIAL NDT TECHNIQUES FOR AIRCRAFT MAINTENANCE 107
TABLE 54 NON-DESTRUCTIVE TESTING MARKET SIZE FOR AEROSPACE VERTICAL, BY REGION, 2013–2022 (USD MILLION) 107
TABLE 55 NON-DESTRUCTIVE TESTING FOR GOVT. INFRASTRUCTURE VERTICAL, BY REGION, 2013–2022 (USD MILLION) 109
TABLE 56 NDT TECHNOLOGIES IN THE AUTOMOTIVE VERTICAL 110
TABLE 57 NON-DESTRUCTIVE TESTING MARKET SIZE FOR AUTOMOTIVE VERTICAL, BY REGION, 2013–2022 (USD MILLION) 111
TABLE 58 APPLICATION OF NDT TECHNIQUES IN NUCLEAR POWER PLANTS 112
TABLE 59 NON-DESTRUCTIVE TESTING MARKET SIZE FOR POWER GENERATION SECTOR, BY REGION, 2013–2022 (USD MILLION) 113
TABLE 60 NON-DESTRUCTIVE TESTING FOR OTHERS, BY REGION, 2013–2022 (USD MILLION) 115
TABLE 61 NON-DESTRUCTIVE TESTING MARKET SIZE, BY REGION, 2013–2022 (USD MILLION) 118
TABLE 62 NON-DESTRUCTIVE TESTING MARKET SIZE IN NORTH AMERICA, BY TECHNIQUE, 2013–2022 (USD MILLION) 120
TABLE 63 NON-DESTRUCTIVE TESTING MARKET SIZE IN NORTH AMERICA, BY SERVICE, 2013–2022 (USD MILLION) 120
TABLE 64 NON-DESTRUCTIVE TESTING MARKET SIZE IN NORTH AMERICA, BY VERTICAL, 2013–2022 (USD MILLION) 121
TABLE 65 NON-DESTRUCTIVE TESTING MARKET SIZE IN NORTH AMERICA, BY COUNTRY, 2013–2022 (USD MILLION) 122
TABLE 66 NON-DESTRUCTIVE TESTING MARKET SIZE IN EUROPE, BY TECHNIQUE, 2013–2022 (USD MILLION) 124
TABLE 67 NON-DESTRUCTIVE TESTING MARKET SIZE IN EUROPE, BY SERVICE, 2013–2022 (USD MILLION) 124
TABLE 68 NON-DESTRUCTIVE TESTING MARKET SIZE IN EUROPE, BY VERTICAL, 2013–2022 (USD MILLION) 125
TABLE 69 NON-DESTRUCTIVE TESTING MARKET SIZE IN EUROPE, BY COUNTRY, 2013–2022 (USD MILLION) 127
TABLE 70 NON-DESTRUCTIVE TESTING MARKET SIZE IN APAC, BY TECHNIQUE, 2013–2022 (USD MILLION) 129
TABLE 71 NON-DESTRUCTIVE TESTING MARKET SIZE IN APAC, BY SERVICE, 2013–2022 (USD MILLION) 129
TABLE 72 NON-DESTRUCTIVE TESTING MARKET SIZE IN APAC, BY VERTICAL, 2013–2022 (USD MILLION) 130
TABLE 73 NON-DESTRUCTIVE TESTING MARKET SIZE IN APAC, BY COUNTRY, 2013–2022 (USD MILLION) 131
TABLE 74 NON-DESTRUCTIVE TESTING MARKET SIZE IN ROW, BY TECHNIQUE, 2013–2022 (USD MILLION) 133
TABLE 75 NON-DESTRUCTIVE TESTING MARKET SIZE IN ROW, BY SERVICE, 2013–2022 (USD MILLION) 133
TABLE 76 NON-DESTRUCTIVE TESTING MARKET SIZE IN ROW, BY VERTICAL, 2013–2022 (USD MILLION) 134
TABLE 77 NON-DESTRUCTIVE TESTING MARKET SIZE IN ROW, BY REGION, 2013–2022 (USD MILLION) 135
TABLE 78 MARKET RANKING, 2015 137
TABLE 79 NEW PRODUCT LAUNCHES, 2013–2016 138
TABLE 80 CONTRACTS, PARTNERSHIPS, PARTNERSHIPS, AND EXPANSIONS, 2013–2016 139
TABLE 81 MERGERS & ACQUISITIONS, 2013–2016 140

LIST OF FIGURES

FIGURE 1 RESEARCH DESIGN: NDT MARKET 18
FIGURE 2 MARKET SIZE ESTIMATION METH0DOLOGY: BOTTOM-UP APPROACH 22
FIGURE 3 MARKET SIZE ESTIMATION METH0DOLOGY: TOP-DOWN APPROACH 23
FIGURE 4 DATA TRIANGULATION 24
FIGURE 5 NDT MARKET SNAPSHOT (2016 VS. 2022): ULTRASONIC TESTING TO BE THE LARGEST MARKET BY 2022 27
FIGURE 6 APPLICATION IN THE MANUFACTURING VERTICAL TO EXHIBIT HIGH GROWTH, 2016–2022 28
FIGURE 7 NDT MARKET SNAPSHOT, BY SERVICE (2016 VS. 2022) 29
FIGURE 8 NORTH AMERICA EXPECTED TO HOLD A MAJOR SHARE OF THE NDT MARKET DURING THE FORECAST PERIOD 30
FIGURE 9 SIGNIFICANT GROWTH OPPORTUNITIES FOR THE NDT MARKET BETWEEN 2016 AND 2022 31
FIGURE 10 INSPECTION SERVICES TO HAVE THE LARGEST MARKET SIZE DURING THE FORECAST PERIOD 31
FIGURE 11 CHINA HELD THE LARGEST MARKET SHARE IN APAC, IN 2015 32
FIGURE 12 U.S. ACCOUNTED FOR THE LARGEST MARKET SHARE IN 2015 33
FIGURE 13 UT TO BE THE MOST PREFERRED NDT TECHNIQUE BETWEEN 2016 AND 2022 33
FIGURE 14 NON-DESTRUCTIVE TESTING METHODS: EVOLUTION 36
FIGURE 15 MAJOR MARKETS FOR NDT ACROSS DIFFERENT GEOGRAPHIES 38
FIGURE 16 SAFETY REGULATIONS BY GOVTS. AND EMERGENCE OF IOT AND AUTOMATION TO DRIVE THE NDT MARKET DURING 2016-2022 39
FIGURE 17 VALUE CHAIN ANALYSIS: NDT MARKET 45
FIGURE 18 PORTER’S FIVE FORCES ANALYSIS – NON-DESTRUCTIVE TESTING MARKET (2015) 46
FIGURE 19 PORTER’S FIVE FORCES: IMPACT ANALYSIS 47
FIGURE 20 NON-DESTRUCTIVE TESTING MARKET: THREAT OF NEW ENTRANTS 47
FIGURE 21 NON-DESTRUCTIVE TESTING MARKET: THREAT OF SUBSTITUTES 48
FIGURE 22 NON-DESTRUCTIVE TESTING MARKET: BARGAINING POWER OF SUPPLIERS 49
FIGURE 23 NON-DESTRUCTIVE TESTING MARKET: BARGAINING POWER OF BUYERS 50
FIGURE 24 NON-DESTRUCTIVE TESTING MARKET: INTENSITY OF RIVALRY 51
FIGURE 25 NDT SERVICES EXPECTED TO HOLD A MAJOR SHARE OF THE NDT MARKET DURING THE FORECAST PERIOD 54
FIGURE 26 NDT MARKET EXPECTED TO BE LED BY UT TECHNIQUE DURING THE FORECAST PERIOD 55
FIGURE 27 VT MARKET EXPECTED TO BE LARGEST IN NORTH AMERICA DURING THE FORECAST PERIOD 58
FIGURE 28 MPT MARKET, BY VERTICAL (2015 VS. 2022) 60
FIGURE 29 LPT MARKET, BY REGION (2015 VS. 2022) 63
FIGURE 30 NORTH AMERICA EXPECTED TO BE THE LARGEST MARKET FOR ECT BY 2022 65
FIGURE 31 OIL & GAS SECTOR TO BE THE LARGEST MARKET FOR NDT BY 2022 67
FIGURE 32 DEMAND FOR RT EXPECTED TO BE HIGHEST FROM NORTH AMERICA DURING THE FORECAST PERIOD 70
FIGURE 33 ACOUSTIC EMISSION MARKET, BY VERTICAL, (2015 VS. 2022) 71
FIGURE 34 TERAHERTZ IMAGING MARKET, BY REGION (2015 VS. 2022) 75
FIGURE 35 VOLUMETRIC INSPECTION METHODS EXPECTED TO ACCOUNT FOR A MAJOR SHARE OF THE NDT MARKET BY 2022 77
FIGURE 36 INSPECTION SERVICES EXPECTED TO ACCOUNT FOR THE LARGEST SHARE OF THE NDT SERVICES MARKET BY 2022 84
FIGURE 37 MAJOR APPLICATIONS OF NDT 93
FIGURE 38 NON-DESTRUCTIVE TESTING MARKET, VERTICAL, 2015 VS. 2022 (USD MILLION) 101
FIGURE 39 NORTH AMERICA EXPECTED TO BE THE LEADING MARKET FOR APPLICATION OF NDT IN POWER GENERATION BY 2022 113
FIGURE 40 INDIA EXPECTED TO BE THE FASTEST-GROWING MARKET FOR NON-DESTRUCTIVE TESTING BETWEEN 2016 AND2022 117
FIGURE 41 ATTRACTIVE GROWTH OPPORTUNITIES IN THE MANUFACTURING VERTICAL DURING THE FORECAST PERIOD 118
FIGURE 42 NORTH AMERICA: MARKET SNAPSHOT, 2015 119
FIGURE 43 EUROPE: MARKET SNAPSHOT, 2015 123
FIGURE 44 APAC: MARKET SNAPSHOT, 2015 128
FIGURE 45 ROW: MARKET SNAPSHOT, 2015 132
FIGURE 46 ORGANIC AND INORGANIC STRATEGIES ADOPTED BY COMPANIES IN THE NON-DESTRUCTIVE TESTING MARKET 136
FIGURE 47 BATTLE FOR MARKET SHARE: NEW PRODUCT LAUNCHES WAS THE KEY STRATEGY 138
FIGURE 48 GEOGRAPHIC REVENUE MIX OF TOP PLAYERS 141
FIGURE 49 GENERAL ELECTRIC: COMPANY SNAPSHOT 142
FIGURE 50 GENERAL ELECTRIC: SWOT ANALYSIS 145
FIGURE 51 OLYMPUS CORPORATION: COMPANY SNAPSHOT 146
FIGURE 52 OLYMPUS CORPORATION: SWOT ANALYSIS 149
FIGURE 53 ASHTEAD GROUP PLC: COMPANY SNAPSHOT 150
FIGURE 54 ASHTEAD TECHNOLOGY INC.: SWOT ANALYSIS 152
FIGURE 55 MISTRAS GROUP INC.: COMPANY SNAPSHOT 153
FIGURE 56 MISTRAS GROUP INC.: SWOT ANALYSIS 156
FIGURE 57 NIKON METROLOGY N.V.: SWOT ANALYSIS 159


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