Ultrasonic Testing Market by Type (Time-of- Flight Diffraction, Phased Array, Immersion Testing, Guided-Wave), Equipment (Flaw Detectors, Tube Inspection, Transducers & Probes, Bond testers), Service, Vertical, and Geography - Global Forecast to 2022

Published: August 2016
No. of Pages: 178
    ReportsandReports

“Ultrasonic testing market expected to grow at a CAGR of 8.3% during the forecast period”

The overall ultrasonic testing (UT) market is expected to reach USD 3.93 Billion by 2022, at a CAGR of 8.3% between 2016 and 2022. The key driving factors for the growth of the UT are the demand for reliable non-destructive testing technique for fiberglass and carbon fiber composites in manufacturing. Ultrasonic testing provides a complete and well-established technique for locating and documenting internal flaws. The sound waves are reflected from voids or cracks, changes in the echo pattern indicate changes in the internal structure of a part.

“Phased array ultrasonic testing expected to grow at a high rate in the overall UT market during the forecast period“

The market for phased array type of UT is estimated to grow at a high CAGR during the forecast period. The advantages of phased array UT techniques include the ability to perform electronic scanning of the ultrasonic beam and reduce inspection time by eliminating or reducing the need to move the probes. Furthermore, the phased array technology reduces the use of multiple elements to steer, focus, and scan beams with a single transducer assembly. The phased array UT optimizes defect detection and minimizes inspection time, thus this method is expected to grow at a faster rate than other types of UT techniques during the forecast period.

“The UT market for the power generation vertical is expected to grow at the highest CAGR”

The market for the power generation vertical is estimated to grow at a high CAGR during the forecast period. UT plays an important role in ensuring the safety of nuclear power plants in inspection during construction and whilst in-service. Additionally, developing economies such as India are investing in power grid infrastructure to expand their reach of electricity to almost every household.    

“North America the largest market, whereas APAC to grow at the highest rate for UT market during the forecast period”

The UT market in North America is primarily driven by major infrastructure undertakings in verticals such as aerospace, power generation, and transportation in the U.S. The market in APAC is expected to grow at a high CAGR between 2016 and 2022. The growth of the UT market in APAC is because of the rapid infrastructural development. The market for NDT equipment is forecast to grow fast, driven primarily by major infrastructure advancements and automation in manufacturing processes in countries such as India and China.

The break-up of the profiles of primary participants for the report has been given below:

  • By Company Type: Tier 1 – 35%, Tier 2 – 45%, and Tier 3 – 20%
  • By Designation: C–Level Executives – 35%, Directors– 25%, Others – 40%
  • By Region: North America - 25%, Europe – 30%, APAC – 35%, RoW – 10%

The key players in the market include General Electric (U.S.), Olympus Corporation (Japan), Ashtead Technology Ltd. (U.K.), Mistras Group Inc. (U.S.), and TecScan Systems Inc. (Canada), Sonatest Ltd. (U.K.), Amerapex Corporation (U.S.), NDT Systems Inc. (U.S.), Applied Technical Services, Inc. (U.S.), and Sonotron NDT (Israel).

Objectives of the study

  • To define, describe, and forecast the ultrasonic testing market segmented on the basis of type, equipment, service, vertical, and geography
  • To provide detailed information regarding the major factors influencing the growth of the UT market (drivers, restraints, opportunities, and industry-specific challenges)
  • To provide a detailed overview of the value chain in the UT market and analyze the market trends with the Porter's five forces analysis
  • To forecast the market size, in terms of value, for various segments with respect to four main regions (along with their respective countries), namely, North America, Europe, Asia-Pacific, and Rest of the World

Target audience of the report:

  • Associations, organizations, and alliances related to NDT
  • Government bodies such as regulating authorities and policy makers
  • Original equipment manufacturers (OEMs)
  • Providers of ultrasonic testing services
  • Research organizations and consulting companies
  • Suppliers of related accessories for ultrasonic testing equipment
  • Ultrasonic testing equipment distributors and suppliers
  • Venture capitalists and private equity firms

Scope of the report:

This research report categorizes the global ultrasonic testing market on the basis of type, equipment, services, vertical, and geography.

Ultrasonic Testing Market, by Type:

  • Time of Flight Diffraction
  • Phased Array techniques
  • Ultrasonic Immersion Testing
  • Guided-Wave Ultrasonic
  • Ultrasonic Acoustography
  • Ultrasonic spectroscopy

Ultrasonic Testing Market, by Equipment:

  • Flaw Detectors
  • Thickness Gages
  • Transducers and Probes
  • Industrial Scanners Tube Inspection Systems
  • Bond testers
  • Imaging Systems

Ultrasonic Testing Market, by Service:

  • Inspection Services
  • Equipment Rental Services
  • Training
  • Calibration

Ultrasonic Testing Market, by Application:

  • Manufacturing
  • Oil & Gas
  • Aerospace
  • Government Infrastructure
    • Military & Defense
    • Railway Industry
    • Bridges and Tunnels
  • Automotive
  • Marine
  • Power Generation
    • Nuclear Power
    • Renewable Energy
    • Fossil Fuel

Ultrasonic Testing Market, by Geography:

  • North America
  • Europe
  • Asia-Pacific (APAC)
  • Rest of the World (RoW)

Published By: MarketsandMarkets
Product Code: MarketsandMarkets3670


Did you find what you are/were looking for ? If not, read below and browse through other relevant pages for similar market research reports OR get in touch with us through the form/contact info in your right navigation panel and well share relevant market report titles for you to explore.

Related Reports:

  • United States Writing Board Market Report 2016

    Notes: Sales, means the sales volume of Writing Board Revenue, means the sales value of Writing Board This report studies sales (consumption) of Writing Board in United States market, focuses on the top players, with sales, price, revenue and ma...

  • Japan Writing Board Market Report 2016

    Notes: Sales, means the sales volume of Writing Board Revenue, means the sales value of Writing Board This report studies sales (consumption) of Writing Board in Japan market, focuses on the top players, with sales, price, revenue and market sha...

  • Europe Writing Board Market Report 2016

    Notes: Sales, means the sales volume of Writing Board Revenue, means the sales value of Writing Board This report studies sales (consumption) of Writing Board in Europe market, especially in Germany, UK, France, Russia, Italy, Benelux and Spain,...

  • China Writing Board Market Research Report 2016

    Notes: Sales, means the sales volume of Writing Board Revenue, means the sales value of Writing Board This report studies Writing Board in China market, focuses on the top players in China market, with capacity, production, price, revenue and ma...

  • Global Writing Board Sales Market Report 2016

    Notes: Sales, means the sales volume of Writing Board Revenue, means the sales value of Writing Board This report studies sales (consumption) of Writing Board in Global market, especially in United States, China, Europe, Japan, focuses on top pl...

  • Japan Hair Drier Market Report 2016

    Notes: Sales, means the sales volume of Hair Drier Revenue, means the sales value of Hair Drier This report studies sales (consumption) of Hair Drier in Japan market, focuses on the top players, with sales, price, revenue and market share for ea...

  • United States Cassette deck Market Report 2016

    Notes: Sales, means the sales volume of Cassette deck Revenue, means the sales value of Cassette deck This report studies sales (consumption) of Cassette deck in United States market, focuses on the top players, with sales, price, revenue and ma...

  • Global Cassette deck Sales Market Report 2016

    Notes: Sales, means the sales volume of Cassette deck Revenue, means the sales value of Cassette deck This report studies sales (consumption) of Cassette deck in Global market, especially in United States, China, Europe, Japan, focuses on top pl...

  • Europe Electrographic Printing Market Report 2016

    Notes: Sales, means the sales volume of Electrographic Printing Revenue, means the sales value of Electrographic Printing This report studies sales (consumption) of Electrographic Printing in Europe market, especially in Germany, UK, France, Rus...

  • United States Multi-position Electric Water Heater Market Report 2016

    Notes: Sales, means the sales volume of Multi-position Electric Water Heater Revenue, means the sales value of Multi-position Electric Water Heater This report studies sales (consumption) of Multi-position Electric Water Heater in United States ...


Why ReportsnReports.com?

  • 500,000 market research reports and growing.
  • Top Fortune 500 Organizations trust us for research data.
  • 24/7 support on call as well as emails.
  • Your Details are safe with us.
  • Free support for your research requirements.
  • Report Delivery: Email
  • Delivery Time:
    • Upto 24 hrs - working days
    • Upto 48 hrs max - weekends and public holidays

Research Support / Custom Research

If this business study does not have the data and information analysis you need, contact us with your research requirements. We explore available market research reports to map your needs and share report titles with you. Alternatively, we can also offer custom research that suits your budget and timelines. Share your information requirements here.
Connect With Us
Email: sales@reportsandreports.com Call : + 1 888 391 5441

Subscription Option

Using our subscription option, you get access to market research reports and industry data of Consumer Goods market as per your needs. Get the best of Consumer Goods research reports by utilizing your research budgets in an optimum way.

More about our Subscription option
Report Alerts

Get Email alerts about market research reports from industries and publishers of your interest: