Non-Destructive Testing and Inspection Market by Technique (Visual Testing, Magnetic Particle, Liquid Penetrant, Eddy Current, Ultrasonic, Radiographic, Acoustic Emission), Method, Service, Vertical, and Geography - Global Forecast to 2023

 Published On: Aug, 2017 |    No of Pages: 222 |  Published By: MarketsandMarkets | Format: PDF
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Non-destructive testing and inspection market expected to grow at a CAGR of 7.83% during the forecast period

The non-destructive testing (NDT) and inspection market is expected to be valued at USD 12.06 billion by 2023, growing at a CAGR of 7.83% between 2017 and 2023. A key influencing factor for the growth of the market is stringent government safety regulations for maintaining product quality and safety within an industrial environment. Large-scale infra projects in emerging countries are likely to create opportunities for the players in the market.

Market for the ultrasonic testing is expected to grow rapidly in the near future

The ultrasonic testing technique is expected to grow rapidly during the forecast period between 2017 and 2023.  The adoption of advanced UT techniques in the oil and gas industry for identifying faults drives the NDT market growth. The market for ultrasonic testing is estimated to rise by 2023 with the increased demand for NDT equipment in the manufacturing of aircraft and automobiles. The increasing demand for energy production in the power generation vertical would lead to high demand for NDT products during the forecast period.

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 during the forecast period. The growth is attributed to several infrastructure projects that are under construction between 2017 and 2023 and increasing manufacturing vertical in APAC. The market in India is expected to grow at the highest CAGR between 2017 and 2023. The construction of new power plants to meet the growing demand for energy is 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 – 26%, Tier 2 – 32%, and Tier 3 – 42%
• By Designation: C-Level Executives –52%, Directors – 23%, Managers – 25%
• By Region: North America - 44%, Europe – 29%, APAC – 23%, RoW – 4%

General Electric Company (US), Olympus Corporation (Japan), Ashtead Technology Ltd. (UK), Mistras Group Inc. (US), Nikon Corporation (Japan), Magnaflux Corporation (US), Zetec Inc. (US), Sonatest Ltd. (UK), Sonotron NDT (Israel), Bosello High Tech SRL (Italy), Yxlon International GmbH (Germany), Fischer Technology Inc. (US), and Eddyfi NDT Inc. (Canada) are the key players in this market.

Research Coverage:

This report has been segmented into technique, method, service, vertical, and geography of the NDT market have been covered. It also discusses the key drivers, restraints, opportunities, and challenges pertaining to the market. The report gives a detailed view of the market across four main regions: North America, Europe, APAC, and RoW (comprising South America, the Middle East, and Africa).

Reasons to Buy the Report:

• This report includes the market statistics pertaining to technique, methods, service, vertical, and geography.
• 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 competitive landscape section includes key players, in-depth analysis, revenue of key players’ competitor ecosystem, product launches, partnerships, and mergers and acquisitions in the NDT market.
TABLE OF CONTENTS

1 INTRODUCTION 18
1.1 OBJECTIVES OF THE STUDY 18
1.2 MARKET DEFINITION 18
1.3 STUDY SCOPE 19
1.3.1 MARKETS COVERED 19
1.3.2 REGIONAL SCOPE 20
1.3.3 YEARS CONSIDERED FOR THE STUDY 20
1.4 CURRENCY & PRICING 21
1.5 DISTRIBUTION CHANNEL PARTICIPANTS 21
1.6 STAKEHOLDERS 21

2 RESEARCH METHODOLOGY 22
2.1 RESEARCH DATA 22
2.1.1 SECONDARY DATA 24
2.1.1.1 Key data from secondary sources 24
2.1.2 PRIMARY DATA 25
2.1.2.1 Key data from primary sources 25
2.1.2.2 Breakdown of primaries 26
2.2 FACTOR ANALYSIS 26
2.2.1 INTRODUCTION 26
2.2.2 DEMAND-SIDE INDICATORS 27
2.2.2.1 Increase in renewable energy use 27
2.2.2.2 Pipeline network safety 29
2.2.2.3 Growth in aircraft fleet size 30
2.2.3 SUPPLY-SIDE INDICATORS 31
2.2.3.1 Increased R&D activities 31
2.2.3.2 Development of efficient materials 31
2.3 MARKET SIZE ESTIMATION 31
2.3.1 BOTTOM-UP APPROACH 32
2.3.2 TOP-DOWN APPROACH 33
2.4 MARKET BREAKDOWN & DATA TRIANGULATION 34
2.5 RESEARCH ASSUMPTIONS & LIMITATIONS 35
2.5.1 ASSUMPTIONS 35
2.5.2 LIMITATIONS 36

3 EXECUTIVE SUMMARY 37

4 PREMIUM INSIGHTS 42
4.1 ATTRACTIVE OPPORTUNITIES IN NDT MARKET 42
4.2 NDT MARKET, BY END-USER 43
4.3 NDT MARKET, BY TECHNIQUE 43
4.4 OPPORTUNITIES IN NDT MARKET: REGIONAL ANALYSIS 44
4.5 NDT MARKET, BY TECHNIQUE 44
4.6 BRICS NDT MARKET, BY END-USER 45
4.7 LIFE CYCLE ANALYSIS, BY REGION 46

5 MARKET OVERVIEW 47
5.1 INTRODUCTION 48
5.2 MARKET EVOLUTION 48
5.3 MARKET SEGMENTATION 49
5.3.1 BY METHOD 49
5.3.2 BY TECHNIQUE 50
5.3.3 BY APPLICATION 51
5.3.4 BY COMPONENT 52
5.3.5 BY END-USER 53
5.4 MARKET DYNAMICS 54
5.4.1 DRIVERS 55
5.4.1.1 Extending the useful life of aging infrastructure 55
5.4.1.2 Outsourcing of non-core activities and technical resource constraints 56
5.4.1.3 Stringent safety regulations formulated by governments 57
5.4.1.4 Emergence of Industrial Internet of Things 58
5.4.2 RESTRAINTS 58
5.4.2.1 Lack of skilled professionals 58
5.4.2.2 High cost of advanced NDT equipment 60
5.4.3 OPPORTUNITIES 60
5.4.3.1 New power generation projects 60
5.4.3.2 Integration of robotic technology 62
5.4.3.3 Increasing use of advanced materials 62
5.4.3.4 Large-scale infrastructure projects 62
5.4.4 CHALLENGES 63
5.4.4.1 Price volatility of natural gas and crude oil 63
5.4.4.2 Reluctance to adopt new NDT techniques by end-users 64
5.4.5 WINNING IMPERATIVES 64
5.4.5.1 Expanding end-user market 64
5.4.5.2 Expanding geographical reach 64
5.4.6 BURNING ISSUES 64
5.4.6.1 Lack of skilled workforce and increasing mechanical complications 64
5.4.6.2 Rapid industrial transformation 64

6 INDUSTRY TRENDS 65
6.1 INTRODUCTION 66
6.2 EMERGING TECHNOLOGY TRENDS 66
6.2.1 CLOUD TESTING: INTEGRATED INNOVATION TECHNOLOGY 66
6.2.2 ROBOTIC INTEGRATED TECHNOLOGY 67
6.2.2.1 Film x-ray vs. digital radiography (DR) 67
6.2.3 IIOT 67
6.3 PRODUCT LAUNCHES 68
6.4 TECHNOLOGICAL ADVANCEMENTS 69
6.5 INNOVATION & PATENT REGISTRATIONS 71
6.6 NDT REGULATORY BODIES, BY REGION 73
6.7 AVERAGE SELLING PRICE, 2016 73

7 NDT MARKET, BY METHOD 76
7.1 INTRODUCTION 77
7.2 VISUAL INSPECTION 80
7.3 MAGNETIC PARTICLE TESTING (MPT) 82
7.4 LIQUID PENETRANT TESTING (LPT) 83
7.5 ULTRASONIC TESTING 85
7.6 RADIOGRAPHY TESTING 88
7.7 EDDY CURRENT TESTING (ECT) 90
7.8 OTHERS 91
7.8.1 TERAHERTZ IMAGING 91
7.8.2 MAGNETIC RESONANCE IMAGING (MRI) 92
7.8.3 ACOUSTIC EMISSION TESTING (AET) 93
7.8.4 NEAR-INFRARED SPECTROSCOPY 94
7.8.5 OPTICAL MICROSCOPIC TESTING 95
7.8.6 THERMOGRAPHIC TESTING 95

8 NDT MARKET, BY TECHNIQUE 97
8.1 INTRODUCTION 98
8.2 SURFACE EXAMINATION 100
8.3 VOLUMETRIC EXAMINATION 101
8.4 CONDITION MONITORING 103
8.5 INTEGRITY EXAMINATION TECHNIQUE 104
8.6 OTHERS 106

9 NDT MARKET, BY APPLICATION 107
9.1 INTRODUCTION 108
9.2 FLAW DETECTION 108
9.3 LEAK DETECTION 110
9.4 DIMENSIONAL MEASUREMENT 111
9.5 PHYSICAL PROPERTIES DETERMINATION 112
9.6 CHEMICAL COMPOSITION DETERMINATION 113
9.7 PLASMA EMISSION SPECTROGRAPHY 113
9.8 CORROSION RESISTANCE TESTING 113
9.9 STRESS & STRUCTURE ANALYSIS 115
9.10 OTHERS 116

10 NDT MARKET, BY COMPONENT 117
10.1 INTRODUCTION 118
10.2 EQUIPMENT 118
10.3 SERVICES 119

11 NDT MARKET, BY END-USER 120
11.1 INTRODUCTION 121
11.2 AEROSPACE & DEFENSE 124
11.3 AUTOMOTIVE 126
11.4 OIL & GAS 128
11.5 INFRASTRUCTURE 129
11.6 POWER GENERATION 131
11.7 OTHERS 133

12 NDT MARKET, BY REGION 135
12.1 INTRODUCTION 136
12.2 G7 NATIONS 136
12.2.1 BY END-USER 139
12.2.2 BY METHOD 139
12.2.3 BY TECHNIQUE 140
12.2.4 BY COUNTRY 140
12.2.4.1 U.S. 141
12.2.4.1.1 By end-user 141
12.2.4.1.2 By method 142
12.2.4.2 GERMANY 142
12.2.4.2.1 By end-user 143
12.2.4.2.2 By method 143
12.2.4.3 JAPAN 144
12.2.4.3.1 By end-user 144
12.2.4.3.2 By method 145
12.2.4.4 U.K. 145
12.2.4.4.1 By end-user 146
12.2.4.4.2 By method 146
12.2.4.5 FRANCE 147
12.2.4.5.1 By end-user 147
12.2.4.5.2 By method 148
12.2.4.6 CANADA 148
12.2.4.6.1 By end-user 149
12.2.4.6.2 By method 149
12.2.4.7 ITALY 150
12.2.4.7.1 By end-user 150
12.2.4.7.2 By method 151
12.3 BRICS 151
12.3.1 BY END-USER 153
12.3.2 BY METHOD 153
12.3.3 BY TECHNIQUE 154
12.3.4 BY COUNTRY 154
12.3.4.1 CHINA 155
12.3.4.1.1 By end-user 155
12.3.4.1.2 By method 155
12.3.4.2 INDIA 156
12.3.4.2.1 By end-user 156
12.3.4.2.2 By method 157
12.3.4.3 RUSSIA 157
12.3.4.3.1 By end-user 158
12.3.4.3.2 By method 158
12.3.4.4 BRAZIL 159
12.3.4.4.1 By end-user 159
12.3.4.4.2 By method 160
12.3.4.5 SOUTH AFRICA 160
12.3.4.5.1 By end-user 161
12.3.4.5.2 By method 161
12.4 ROW 162
12.4.1 BY END-USER 164
12.4.2 BY METHOD 164
12.4.3 BY TECHNIQUE 165
12.4.4 BY COUNTRY 165
12.4.4.1 SAUDI ARABIA 166
12.4.4.1.1 By end-user 166
12.4.4.1.2 By method 166
12.4.4.2 SOUTH KOREA 167
12.4.4.2.1 By end-user 167
12.4.4.2.2 By method 168
12.4.4.3 Others 168
12.4.4.3.1 By end-user 168
12.4.4.3.2 By method 169

13 COMPETITIVE LANDSCAPE 170
13.1 INTRODUCTION 170
13.2 BRAND ANALYSIS 171
13.3 MARKET SHARE ANALYSIS 172
13.4 COMPETITIVE SITUATIONS AND TRENDS 175
13.4.1 NEW PRODUCT LAUNCHES 176
13.4.2 ACQUISITIONS, PARTNERSHIPS, JOINT VENTURES, AND AGREEMENTS 181
13.4.3 CONTRACTS 183
13.4.4 EXPANSIONS 184

14 COMPANY PROFILES 185 (Company overview, Product/service offered, Recent developments, SWOT analysis, MnM view)*
14.1 INTRODUCTION 185
14.1.1 FINANCIAL HIGHLIGHTS 186
14.2 OLYMPUS CORPORATION 187
14.3 MISTRAS GROUP, INC. 191
14.4 INTERTEK GROUP PLC 195
14.5 SGS S.A. 198
14.6 GE MEASUREMENT & CONTROL 202
14.7 NIKON METROLOGY, INC. 206
14.8 ASHTEAD TECHNOLOGY, INC. 208
14.9 SONATEST LTD. 210
14.10 BOSELLO HIGH TECHNOLOGY S.R.L. 212
14.11 FUJIFILM HOLDINGS CORPORATION 213

*Details on Company overview, Product/service offered, Recent developments, SWOT analysis, MnM view might not be captured in case of unlisted companies.

15 APPENDIX 214
15.1 DISCUSSION GUIDE 214
15.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 216
15.3 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 218
15.4 AVAILABLE CUSTOMIZATIONS 219
15.5 RELATED REPORTS 220
15.6 AUTHOR DETAILS 221

LIST OF TABLES

TABLE 1 INVESTMENTS IN RENEWABLE ENERGY, BY COUNTRY, 2015 28
TABLE 2 TOTAL LENGTH OF THE PIPELINE NETWORK, BY COUNTRY, 2013 (KM) 29
TABLE 3 COST COMPARISON BETWEEN FILM X-RAY AND DR 67
TABLE 4 RECENT PRODUCT LAUNCHES IN NDT MARKET, 2014–2016 68
TABLE 5 RECENT TECHNOLOGY TRENDS IN NDT MARKET, BY INDUSTRY 69
TABLE 6 IMPORTANT INNOVATION & PATENT REGISTRATIONS, 2011-2016 71
TABLE 7 NDT MARKET SIZE, BY METHOD, 2014-2022 (USD MILLION) 78
TABLE 8 TYPES OF NDT METHODS 78
TABLE 9 VISUAL INSPECTION TESTING: NDT MARKET, BY REGION, 2014-2022 (USD MILLION) 81
TABLE 10 MPT: NDT MARKET, BY REGION, 2014-2022 (USD MILLION) 83
TABLE 11 LPT: NDT MARKET, BY REGION, 2014-2022 (USD MILLION) 84
TABLE 12 ULTRASONIC TESTING: NDT MARKET SIZE, BY REGION, 2014-2022 (USD MILLION) 87
TABLE 13 RADIOGRAPHY TESTING: NDT MARKET SIZE, BY REGION, 2014-2022 (USD MILLION) 89
TABLE 14 ECT: NDT MARKET, BY REGION, 2014-2022 (USD MILLION) 91
TABLE 15 APPLICATIONS OF TERAHERTZ IMAGING METHOD, BY INDUSTRY 92
TABLE 16 APPLICATIONS OF MRI METHOD, BY INDUSTRY 93
TABLE 17 APPLICATIONS OF AET METHOD, BY INDUSTRY 94
TABLE 18 APPLICATIONS OF NEAR-INFRARED SPECTROSCOPY METHOD, BY INDUSTRY 94
TABLE 19 APPLICATION OF OPTICAL MICROSCOPIC TESTING METHOD, BY INDUSTRY 95
TABLE 20 APPLICATIONS OF THERMOGRAPHIC TESTING, BY INDUSTRY 96
TABLE 21 NDT TECHNIQUES FOR DETECTION OF SURFACE CRACKS 98
TABLE 22 NDT MARKET SIZE, BY TECHNIQUE, 2014-2022 (USD MILLION) 99
TABLE 23 SURFACE EXAMINATION TECHNIQUE: NDT MARKET SIZE, BY REGION, 2014-2022 (USD MILLION) 100
TABLE 24 VOLUMETRIC EXAMINATION TECHNIQUE: NDT MARKET SIZE, BY REGION, 2014-2022 (USD MILLION) 102
TABLE 25 CONDITION MONITORING TECHNIQUE: NDT MARKET SIZE, BY REGION, 2014-2022 (USD MILLION) 104
TABLE 26 INTEGRITY EXAMINATION TECHNIQUE: NDT MARKET SIZE, BY REGION, 2014-2022 (USD MILLION) 105
TABLE 27 OTHERS: NDT MARKET SIZE, BY REGION, 2014-2022 (USD MILLION) 106
TABLE 28 APPLICATION OF ULTRASONIC TRANSDUCERS FOR FLAW DETECTION 108
TABLE 29 FLAW DETECTION PRODUCTS, BY KEY PLAYERS 109
TABLE 30 TECHNIQUES FOR LEAK TESTING 110
TABLE 31 DIMENSION MEASUREMENT PRODUCTS, BY KEY PLAYERS 111
TABLE 32 TECHNIQUES INVOLVED IN DIMENSION EVALUATION 112
TABLE 33 PHYSICAL PROPERTIES DETERMINATION PRODUCTS, BY KEY PLAYERS 112
TABLE 34 ULTRASONIC VELOCITY AND CONCRETE STRUCTURE CONDITION 113
TABLE 35 METHODS FOR CORROSION TESTING, BY CATEGORY 114
TABLE 36 NDT TECHNIQUES FOR STRESS & STRUCTURES DAMAGES 115
TABLE 37 OTHER APPLICATIONS OF NDT 116
TABLE 38 NDT MARKET SIZE, BY COMPONENT, 2014-2022 (USD MILLION) 118
TABLE 39 NDT MARKET SIZE, BY EQUIPMENT, 2014-2022 (USD MILLION) 118
TABLE 40 NDT MARKET SIZE, BY SERVICES, 2014-2022 (USD MILLION) 119
TABLE 41 NDT MARKET SIZE, BY END-USER, 2014-2022 (USD MILLION) 122
TABLE 42 NDT MARKET FUTURE OUTLOOK, BY END-USER 122
TABLE 43 AEROSPACE & DEFENSE : NDT MARKET, BY REGION, 2014-2022 (USD MN) 125
TABLE 44 AUTOMOTIVE: NDT MARKET SIZE, BY REGION, 2014-2022 (USD MILLION) 127
TABLE 45 OIL & GAS: NDT MARKET SIZE, BY REGION, 2014-2022 (USD MILLION) 129
TABLE 46 INFRASTRUCTURE: NDT MARKET SIZE, BY REGION, 2014-2022 (USD MILLION) 131
TABLE 47 POWER GENERATION: NDT MARKET SIZE, BY REGION, 2014-2022 (USD MILLION) 132
TABLE 48 OTHERS: NDT MARKET SIZE, BY REGION, 2014-2022 (USD MILLION) 134
TABLE 49 NDT MARKET SIZE, BY REGION, 2014-2022 (USD MILLION) 136
TABLE 50 G7 NATIONS: NDT MARKET SIZE, BY END-USER, 2014-2022 (USD MILLION) 139
TABLE 51 G7 NATIONS: NDT MARKET SIZE, BY METHOD, 2014-2022 (USD MILLION) 139
TABLE 52 G7 NATIONS: NDT MARKET SIZE, BY TECHNIQUE, 2014-2022 (USD MILLION) 140
TABLE 53 G7 NATIONS: NDT MARKET SIZE, BY COUNTRY, 2014-2022 (USD MILLION) 140
TABLE 54 U.S.: NDT MARKET SIZE, BY END-USER, 2014-2022 (USD MILLION) 141
TABLE 55 U.S.: NDT MARKET SIZE, BY METHOD, 2014-2022 (USD MILLION) 142
TABLE 56 GERMANY: NDT MARKET SIZE, BY END-USER, 2014-2022 (USD MILLION) 143
TABLE 57 GERMANY: NDT MARKET SIZE, BY METHOD, 2014-2022 (USD MILLION) 143
TABLE 58 JAPAN: NDT MARKET SIZE, BY END-USER, 2014-2022 (USD MILLION) 144
TABLE 59 JAPAN: NDT MARKET SIZE, BY METHOD, 2014-2022 (USD MILLION) 145
TABLE 60 U.K.: NDT MARKET SIZE, BY END-USER, 2014-2022 (USD MILLION) 146
TABLE 61 U.K.: NDT MARKET SIZE, BY METHOD, 2014-2022 (USD MILLION) 146
TABLE 62 FRANCE: NDT MARKET SIZE, BY END-USER, 2014-2022 (USD MILLION) 147
TABLE 63 FRANCE: NDT MARKET SIZE, BY METHOD, 2014-2022 (USD MILLION) 148
TABLE 64 CANADA: NDT MARKET SIZE, BY END-USER, 2014-2022 (USD MILLION) 149
TABLE 65 CANADA: NDT MARKET SIZE, BY METHOD, 2014-2022 (USD MILLION) 149
TABLE 66 ITALY: NDT MARKET SIZE, BY END-USER, 2014-2022 (USD MILLION) 150
TABLE 67 ITALY: NDT MARKET SIZE, BY METHOD, 2014-2022 (USD MILLION) 151
TABLE 68 BRICS: NDT MARKET SIZE, BY END-USER, 2014-2022 (USD MILLION) 153
TABLE 69 BRICS: NDT MARKET SIZE, BY METHOD, 2014-2022 (USD MILLION) 153
TABLE 70 BRICS: NDT MARKET SIZE, BY TECHNIQUE, 2014-2022 (USD MILLION) 154
TABLE 71 BRICS: NDT MARKET SIZE, BY COUNTRY, 2014-2022 (USD MILLION) 154
TABLE 72 CHINA: NDT MARKET SIZE, BY END-USER, 2014-2022 (USD MILLION) 155
TABLE 73 CHINA: NDT MARKET SIZE, BY METHOD, 2014-2022 (USD MILLION) 155
TABLE 74 INDIA: NDT MARKET SIZE, BY END-USER, 2014-2022 (USD MILLION) 156
TABLE 75 INDIA: NDT MARKET SIZE, BY METHOD, 2014-2022 (USD MILLION) 157
TABLE 76 RUSSIA: NDT MARKET SIZE, BY END-USER, 2014-2022 (USD MILLION) 158
TABLE 77 RUSSIA: NDT MARKET SIZE, BY METHOD, 2014-2022 (USD MILLION) 158
TABLE 78 BRAZIL: NDT MARKET SIZE, BY END-USER, 2014-2022 (USD MILLION) 159
TABLE 79 BRAZIL: NDT MARKET SIZE, BY METHOD, 2014-2022 (USD MILLION) 160
TABLE 80 SOUTH AFRICA: NDT MARKET SIZE, BY END-USER, 2014-2022 (USD MILLION) 161
TABLE 81 SOUTH AFRICA: NDT MARKET SIZE, BY METHOD, 2014-2022 (USD MILLION) 161
TABLE 82 ROW: NDT MARKET SIZE, BY END-USER, 2014-2022 (USD MILLION) 164
TABLE 83 ROW: NDT MARKET SIZE, BY METHOD, 2014-2022 (USD MILLION) 164
TABLE 84 ROW: NDT MARKET SIZE, BY TECHNIQUE, 2014-2022 (USD MILLION) 165
TABLE 85 ROW: NDT MARKET SIZE, BY COUNTRY, 2014-2022 (USD MILLION) 165
TABLE 86 SAUDI ARABIA: NDT MARKET SIZE, BY END-USER, 2014-2022 (USD MILLION) 166
TABLE 87 SAUDI ARABIA: NDT MARKET SIZE, BY METHOD, 2014-2022 (USD MILLION) 166
TABLE 88 SOUTH KOREA: NDT MARKET SIZE, BY END-USER, 2014-2022 (USD MILLION) 167
TABLE 89 SOUTH KOREA: NDT MARKET SIZE, BY METHOD, 2014-2022 (USD MILLION) 168
TABLE 90 OTHERS: NDT MARKET SIZE, BY END-USER, 2014-2022 (USD MILLION) 168
TABLE 91 OTHERS: NDT MARKET SIZE, BY METHOD, 2014-2022 (USD MILLION) 169
TABLE 92 BRAND ANALYSIS OF TOP PLAYERS IN NDT MARKET 171
TABLE 93 NEW PRODUCT LAUNCHES, 2014-2016 176
TABLE 94 ACQUISITIONS, PARTNERSHIPS, AND AGREEMENTS, 2014–2016 181
TABLE 95 CONTRACTS, 2014-2016 183
TABLE 96 EXPANSIONS, 2014-2015 184

LIST OF FIGURES

FIGURE 1 MARKETS COVERED: NON-DESTRUCTIVE TESTING MARKET 19
FIGURE 2 REPORT FLOW 22
FIGURE 3 NDT MARKET: RESEARCH DESIGN 23
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION 26
FIGURE 5 GLOBAL INVESTMENTS IN RENEWABLE ENERGY, 2009-2015 27
FIGURE 6 GLOBAL INVESTMENTS IN RENEWABLE ENERGY SECTOR, 2015 (USD BILLION) 28
FIGURE 7 TOTAL GROWTH IN AIRCRAFT FLEET SIZE, 2015-2035 30
FIGURE 8 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 32
FIGURE 9 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 33
FIGURE 10 DATA TRIANGULATION METHODOLOGY 34
FIGURE 11 NDT MARKET, BY END-USER, 2016 & 2022 (USD MILLION) 37
FIGURE 12 BRICS TO LEAD NDT MARKET FROM 2014 TO 2022 (USD MILLION) 38
FIGURE 13 BRICS TO RECORD HIGHEST CAGR DURING FORECAST PERIOD 39
FIGURE 14 INDIA, A LUCRATIVE MARKET TO INVEST DURING FORECAST PERIOD 40
FIGURE 15 NEW PRODUCT LAUNCHES KEY GROWTH STRATEGY ADOPTED BY MARKET PLAYERS FROM 2014 TO 2016 41
FIGURE 16 INCREASING DEMAND FROM OIL & GAS INDUSTRY TO FUEL NDT MARKET GROWTH, FROM 2016 TO 2022 42
FIGURE 17 OIL & GAS INDUSTRY TO LEAD GLOBAL NDT MARKET, BY END-USER, DURING FORECAST PERIOD 43
FIGURE 18 SURFACE EXAMINATION TO LEAD GLOBAL NDT MARKET, BY TECHNIQUE, BY 2022 43
FIGURE 19 BRICS TO LEAD GLOBAL NDT MARKET, BY VALUE, BY 2022 44
FIGURE 20 BRICS NDT MARKET, BY TECHNIQUE, 2016 & 2022 (USD BILLION) 44
FIGURE 21 BRICS NDT MARKET, BY END-USER, 2016 & 2020 45
FIGURE 22 BRICS NDT MARKET TO WITNESS SIGNIFICANT GROWTH DURING FORECAST PERIOD 46
FIGURE 23 NDT MARKET: TECHNOLOGICAL EVOLUTION 49
FIGURE 24 NDT MARKET, BY METHOD 49
FIGURE 25 NDT MARKET, BY TECHNIQUE 50
FIGURE 26 NDT MARKET, BY APPLICATION 51
FIGURE 27 NDT MARKET, BY COMPONENT 52
FIGURE 28 NDT MARKET, BY END-USER 53
FIGURE 29 STRINGENT GOVERNMENT REGULATIONS AND INCREASED DEMAND FOR NDT TECHNIQUES DRIVING THE GROWTH OF NDT MARKET 54
FIGURE 30 AGING INFRASTRUCTURE: RELATIONSHIP BETWEEN MAINTENANCE, CONDITION, AND TIME 55
FIGURE 31 U.S.: EXPENDITURE TO UPGRADE EXISTING INFRASTRUCTURE (USD BILLION) 56
FIGURE 32 U.S.: NUMBER OF PIPELINE DAMAGE INCIDENTS, 2006-2015 57
FIGURE 33 AGE PROFILE OF PROFESSIONALS IN EUROPEAN NDT INDUSTRY, BY COUNTRY (2010) 59
FIGURE 34 COSTS INVOLVED IN DEGREE OF AUTOMATION 60
FIGURE 35 NEW NUCLEAR REACTORS CONNECTED TO THE GRID GLOBALLY, 2006-2015 61
FIGURE 36 UPCOMING NUCLEAR REACTORS, BY COUNTRY (2016-2026) 61
FIGURE 37 WORLDWIDE INFRASTRUCTURE EXPENDITURE ACROSS MAJOR SECTORS, BY REGION, 2010-2025 (USD TRILLION) 63
FIGURE 38 EMERGING TECHNOLOGY TRENDS IN NDT MARKET 66
FIGURE 39 VISUAL INSPECTION METHOD SEGMENT LED NDT MARKET, BY METHOD, IN 2016 77
FIGURE 40 BRICS TO LEAD VISUAL INSPECTION METHOD SEGMENT OF NDT MARKET FROM 2016 TO 2022 (USD MILLION) 80
FIGURE 41 BRICS TO LEAD MPT METHOD SEGMENT OF NDT MARKET FROM 2016 TO 2022, (USD MILLION) 82
FIGURE 42 BRICS TO LEAD LPT METHOD SEGMENT OF NDT MARKET, BY 2022 (USD MILLION) 84
FIGURE 43 LONG RANGE ULTRASONIC INSPECTION PROGRAM 86
FIGURE 44 BRICS TO LEAD ULTRASONIC TESTING METHOD SEGMENT OF NDT MARKET, FROM 2016 TO 2022 87
FIGURE 45 BRICS TO LEAD RADIOGRAPHY TESTING METHOD SEGMENT OF NDT MARKET FROM 2016 TO 2022 (USD MILLION) 89
FIGURE 46 BRICS TO LEAD ECT METHOD SEGMENT OF NDT MARKET, BY 2022 (USD MILLION) 90
FIGURE 47 SURFACE EXAMINATION TECHNIQUE SEGMENT TO LEAD NDT MARKET, BY TECHNIQUE, FROM 2016 TO 2022 (USD MILLION) 99
FIGURE 48 G7 NATIONS TO LEAD SURFACE EXAMINATION TECHNIQUE SEGMENT OF NDT MARKET, FROM 2016 TO 2022 (USD MILLION) 100
FIGURE 49 BRICS TO LEAD VOLUMETRIC EXAMINATION TECHNIQUE SEGMENT OF NDT MARKET FROM 2016 TO 2022 (USD MILLION) 101
FIGURE 50 BRICS TO LEAD CONDITION MONITORING TECHNIQUE SEGMENT OF NDT MARKET FROM 2016 TO 2022 (USD MILLION) 103
FIGURE 51 G7 NATIONS TO LEAD INTEGRITY EXAMINATION TECHNIQUE SEGMENT OF NDT MARKET FROM 2016 TO 2022 (USD MILLION) 105
FIGURE 52 OIL & GAS INDUSTRY DOMINATED NDT MARKET IN 2016 121
FIGURE 53 BRICS TO LEAD GLOBAL NDT MARKET FOR AEROSPACE & DEFENSE INDUSTRY FROM 2016 TO 2022 (USD MILLION) 125
FIGURE 54 G7 NATIONS TO LEAD GLOBAL NDT MARKET FOR AUTOMOTIVE INDUSTRY, FROM 2016 TO 2022 (USD MILLION) 127
FIGURE 55 BRICS TO LEAD GLOBAL NDT MARKET FOR OIL & GAS INDUSTRY, FROM 2016 TO 2022 (USD MILLION) 128
FIGURE 56 BRICS TO LEAD GLOBAL NDT MARKET FOR INFRASTRUCTURE BY 2022 (USD MILLION) 130
FIGURE 57 BRICS TO LEAD GLOBAL NDT MARKET FOR POWER GENERATION INDUSTRY, FROM 2016 TO 2022 (USD MILLION) 131
FIGURE 58 G7 NATIONS TO LEAD GLOBAL NDT MARKET FOR OTHERS, BY 2022 (USD MILLION) 133
FIGURE 59 G7 NATIONS: MARKET SHARE, COUNTRY-WISE (2016) 136
FIGURE 60 G7 NATIONS NDT MARKET WITNESSED SIGNIFICANT GROWTH IN 2016, OWING TO CONTRIBUTIONS BY JAPAN AND CANADA 137
FIGURE 61 G7 NATIONS NDT MARKET SNAPSHOT:2016 138
FIGURE 62 BRICS NDT MARKET SNAPSHOT: 2016 152
FIGURE 63 ROW NDT MARKET SNAPSHOT: 2016 163
FIGURE 64 COMPANIES ADOPTED CONTRACTS & NEW PRODUCT LAUNCHES AS KEY GROWTH STRATEGIES FROM 2014 TO 2016 170
FIGURE 65 NDT MARKET SHARE ANALYSIS, BY KEY PLAYER, 2015 172
FIGURE 66 NUMBER OF PATENT APPLICATIONS FILED BY OLYMPUS CORPORATION IN JAPAN 173
FIGURE 67 NUMBER OF PATENT APPLICATIONS FILED BY OLYMPUS CORPORATION OVERSEAS 174
FIGURE 68 STRATEGIC BENCHMARKING IN NDT MARKET, 2014-2016 175
FIGURE 69 NEW PRODUCT LAUNCHES: KEY GROWTH STRATEGY FROM 2014 TO 2016 176
FIGURE 70 REGIONAL REVENUE MIX OF TOP FIVE MARKET PLAYERS, 2015 185
FIGURE 71 FINANCIAL HIGHLIGHTS OF MAJOR PLAYERS IN NDT MARKET, 2016 186
FIGURE 72 OLYMPUS CORPORATION: COMPANY SNAPSHOT 187
FIGURE 73 OLYMPUS CORPORATION: SWOT ANALYSIS 190
FIGURE 74 MISTRAS GROUP, INC.: COMPANY SNAPSHOT 191
FIGURE 75 MISTRAS GROUP, INC.: SWOT ANALYSIS 193
FIGURE 76 INTERTEK GROUP PLC: COMPANY SNAPSHOT 195
FIGURE 77 INTERTEK GROUP PLC: SWOT ANALYSIS 197
FIGURE 78 SGS SA: COMPANY SNAPSHOT 198
FIGURE 79 SGS SA: SWOT ANALYSIS 200
FIGURE 80 GE MEASUREMENT & CONTROL: COMPANY SNAPSHOT 202
FIGURE 81 GE MEASUREMENT & CONTROL: SWOT ANALYSIS 205

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