The NDT and inspection market is expected to reach USD 18.4 billion by 2029 from 11.6 billion in 2024, at a CAGR of 9.6% during the 2024–2029 period.

NDT and Inspection Market forms the backbone of quality control and safety inspections in numerous industries. These specialized tools allow engineers and technicians to assess the properties of materials and components without causing damage. This is critical, particularly in sectors where failures can have catastrophic consequences. Let’s explore how NDT equipment plays a vital role in seven key industries:

1. Aerospace: Aircraft components are subjected to extreme stress during flight. NDT equipment ensures the integrity of these parts, preventing potential in-air disasters. Techniques like Ultrasonic Testing (UT) identify hidden cracks within turbine blades, while Radiographic Testing (RT) reveals internal defects in welds and castings. Eddy Current Testing (ET) detects corrosion in critical structures, and Magnetic Particle Testing (MT) uncovers surface cracks on landing gear components.

2. Automotive: Safety is paramount in the automotive industry. NDT equipment ensures the quality of car parts throughout the manufacturing process. UT assesses the integrity of engine blocks and welds, while ET detects surface and subsurface defects in components like wheels and axles. Liquid Penetrant Testing (PT) reveals cracks in castings and welds used in chassis and suspension systems.

3. Construction: The stability and longevity of buildings and infrastructure rely heavily on the quality of materials used. NDT equipment helps maintain safety standards. UT assesses the integrity of concrete structures and welds in steel beams. Radiography reveals internal defects in welds used for bridges and pipelines. Magnetic Particle Testing identifies cracks in steel reinforcements used in concrete structures.

4. Manufacturing: Ensuring product quality is crucial throughout the manufacturing process. NDT equipment helps identify defects early on, preventing costly rework and potential product failures. UT evaluates welds, castings, and forgings in machinery and tools. ET detects cracks and corrosion in pipes, tanks, and heat exchangers. PT reveals surface defects in manufactured parts like gears and bearings.

5. Oil and Gas: The safety and efficiency of oil and gas operations depend heavily on the integrity of pipelines and equipment. NDT equipment plays a vital role in ensuring safe and reliable operations. UT assesses the thickness and integrity of pipelines used for transportation. Radiography reveals internal defects in welds used for pressure vessels and storage tanks. Eddy Current Testing detects corrosion in pipelines and equipment used for extraction and processing.

6. Power Generation: Power plants rely on robust machinery and equipment to function safely and efficiently. NDT equipment helps maintain the integrity of these critical assets. UT evaluates welds and components in boilers and turbines. Radiography reveals internal defects in pressure vessels and piping systems. ET detects cracks and corrosion in heat exchangers and generator components.

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7. Welding: Welding is a critical process used across various industries. NDT equipment ensures the quality and integrity of welds. RT reveals internal defects like cracks and voids within the weld. UT provides a detailed image of the weld structure, identifying potential weaknesses. Magnetic Particle Testing detects surface cracks on the weld itself.

In conclusion, Non-Destructive Testing equipment plays an indispensable role in numerous industries. By enabling the evaluation of materials and components without causing damage, NDT helps ensure safety, quality, and reliability across critical sectors. From the towering skyscrapers to the vehicles we drive, NDT is a silent guardian, ensuring the integrity of the world around us.

1 INTRODUCTION (Page No. — 33)

1.1 STUDY OBJECTIVES

1.2 MARKET DEFINITION

1.2.1 INCLUSIONS AND EXCLUSIONS

1.3 STUDY SCOPE

1.3.1 MARKETS COVERED

FIGURE 1 NDT AND INSPECTION MARKET SEGMENTATION

1.3.2 REGIONAL SCOPE

1.3.3 YEARS CONSIDERED

1.3.4 CURRENCY CONSIDERED

1.4 LIMITATIONS

1.5 STAKEHOLDERS

1.6 SUMMARY OF CHANGES

1.7 RECESSION IMPACT

2 RESEARCH METHODOLOGY (Page No. — 38)

2.1 RESEARCH DATA

FIGURE 2 NDT AND INSPECTION MARKET: RESEARCH DESIGN

2.1.1 SECONDARY DATA

2.1.1.1 Key data from secondary sources

2.1.1.2 Key secondary sources

2.1.2 PRIMARY DATA

2.1.2.1 Key data from primary sources

2.1.2.2 Key supply-side participants for primary interviews

2.1.2.3 Breakdown of primary interviews

2.1.2.4 Key industry insights

2.1.3 SECONDARY AND PRIMARY RESEARCH

2.2 MARKET SIZE ESTIMATION

FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE): REVENUE GENERATED BY KEY PLAYERS FROM NDT AND INSPECTION MARKET

FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (SUPPLY SIDE): ILLUSTRATION OF REVENUE ESTIMATION OF KEY PLAYERS IN NDT AND INSPECTION MARKET

FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 3 (DEMAND SIDE) — BOTTOM-UP ESTIMATION OF NDT AND INSPECTION MARKET BASED ON REGION

2.2.1 BOTTOM-UP APPROACH

2.2.1.1 Approach to derive market size using bottom-up analysis

FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH

2.2.2 TOP-DOWN APPROACH

2.2.2.1 Approach to derive market size using top-down analysis

FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH

2.3 MARKET SHARE ESTIMATION

2.4 DATA TRIANGULATION

FIGURE 8 DATA TRIANGULATION

2.5 RISK ASSESSMENT

TABLE 1 RISK ASSESSMENT

2.6 PARAMETERS CONSIDERED TO ANALYZE IMPACT OF RECESSION ON NDT AND INSPECTION MARKET

2.7 RESEARCH ASSUMPTIONS

2.8 RESEARCH LIMITATIONS

3 EXECUTIVE SUMMARY (Page No. — 52)

3.1 IMPACT OF RECESSION

FIGURE 9 NDT AND INSPECTION MARKET: IMPACT OF RECESSION

FIGURE 10 SERVICE SEGMENT TO HOLD LARGEST MARKET SHARE IN 2029

FIGURE 11 ULTRASONIC TESTING (UT) SEGMENT TO HOLD LARGEST MARKET SHARE IN 2024

FIGURE 12 POWER SEGMENT TO HOLD LARGEST MARKET SHARE IN 2029

FIGURE 13 ASIA PACIFIC NDT AND INSPECTION MARKET TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD