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Nondestructive Testing(NDT) Equipment Market: Segmentation Assessment
The nondestructive testing (NDT) equipment market is segmented as - product (ultrasonic testing equipment, radiography testing equipment, visual testing equipment, and others), end-user (oil and gas, power generation, aerospace, automotive, and others), and geography (North America, Europe, APAC, MEA, South America)
Product Landscape
- The nondestructive testing (NDT) equipment market share growth in the ultrasonic testing equipment segment will be significant for revenue generation. Ultrasonic testing equipment is widely used for the testing of metals, plastics, composites, and ceramics. Some of the vendors launched new variants of ultrasonic testing equipment after the COVID-19-related lockdowns were relaxed. For instance, in June 2020, Eddyfi announced the launch of the Mantis PAUT flaw detector. Such product portfolio expansion by vendors is one of the factors that will help in increasing the sales of ultrasonic testing equipment during the forecast period.
Geography Landscape
- 38% of the market's growth will originate from North America during the forecast period. US is the key market for nondestructive testing (NDT) equipment in North America. Market growth in this region will be faster than the growth of the market in South America regions. The strong presence of the oil and gas and aerospace industries will facilitate the nondestructive testing (NDT) equipment market growth in North America over the forecast period.
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Nondestructive Testing(NDT) Equipment Market: Vendor Assessment
The nondestructive testing (NDT) equipment market is fragmented and the vendors are deploying growth strategies such as organic and inorganic strategies to compete in the market.
- Carl Zeiss AG
- Eddyfi NDT Inc.
- FUJIFILM Holdings Corp.
- General Electric Co.
- Illinois Tool Works Inc.
- Mistras Group Inc.
- Nikon Corp.
- Olympus Corp.
- Roper Technologies Inc.
- YXLON International GmbH
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What our reports offer:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers market data for 2020, 2021, and 2025
- Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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Nondestructive Testing(NDT) Equipment Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 9.33% |
Market growth 2021-2025 |
USD 1.3 billion |
Market structure |
Fragmented |
YoY growth (%) |
9.00 |
Performing market contribution |
North America at 38% |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Carl Zeiss AG, Eddyfi NDT Inc., FUJIFILM Holdings Corp., General Electric Co., Illinois Tool Works Inc., Mistras Group Inc., Nikon Corp., Olympus Corp., Roper Technologies Inc., and YXLON International GmbH |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Content
1 Executive Summary
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 01: Parent market
- Exhibit 02: Market characteristics
- 2.2 Value chain analysis
- Exhibit 03: Value chain analysis – Industrial machinery
3 Market Sizing
- 3.1 Market definition
- Exhibit 04: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 05: Market segments
- 3.4 Market outlook: Forecast for 2020 - 2025
- Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
- Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 08: Five forces analysis 2020 & 2025
- 4.2 Bargaining power of buyers
- Exhibit 09: Bargaining power of buyers
- 4.3 Bargaining power of suppliers
- Exhibit 10: Bargaining power of suppliers
- 4.4 Threat of new entrants
- Exhibit 11: Threat of new entrants
- 4.5 Threat of substitutes
- Exhibit 12: Threat of substitutes
- 4.6 Threat of rivalry
- Exhibit 13: Threat of rivalry
- 4.7 Market condition
- Exhibit 14: Market condition - Five forces 2020
5 Market Segmentation by Product
- 5.1 Market segments
- Exhibit 15: Product - Market share 2020-2025 (%)
- 5.2 Comparison by Product
- Exhibit 16: Comparison by Product
- 5.3 Ultrasonic testing equipment - Market size and forecast 2020-2025
- Exhibit 17: Ultrasonic testing equipment - Market size and forecast 2020-2025 ($ million)
- Exhibit 18: Ultrasonic testing equipment - Year-over-year growth 2020-2025 (%)
- 5.4 Radiography testing equipment - Market size and forecast 2020-2025
- Exhibit 19: Radiography testing equipment - Market size and forecast 2020-2025 ($ million)
- Exhibit 20: Radiography testing equipment - Year-over-year growth 2020-2025 (%)
- 5.5 Visual testing equipment - Market size and forecast 2020-2025
- Exhibit 21: Visual testing equipment - Market size and forecast 2020-2025 ($ million)
- Exhibit 22: Visual testing equipment - Year-over-year growth 2020-2025 (%)
- 5.6 Others - Market size and forecast 2020-2025
- Exhibit 23: Others - Market size and forecast 2020-2025 ($ million)
- Exhibit 24: Others - Year-over-year growth 2020-2025 (%)
- 5.7 Market opportunity by Product
- Exhibit 25: Market opportunity by Product
6 Market Segmentation by End-user
- 6.1 Market segments
- Exhibit 26: End user - Market share 2020-2025 (%)
- 6.2 Comparison by End user
- Exhibit 27: Comparison by End user
- 6.3 Oil and gas - Market size and forecast 2020-2025
- Exhibit 28: Oil and gas - Market size and forecast 2020-2025 ($ million)
- Exhibit 29: Oil and gas - Year-over-year growth 2020-2025 (%)
- 6.4 Power generation - Market size and forecast 2020-2025
- Exhibit 30: Power generation - Market size and forecast 2020-2025 ($ million)
- Exhibit 31: Power generation - Year-over-year growth 2020-2025 (%)
- 6.5 Aerospace - Market size and forecast 2020-2025
- Exhibit 32: Aerospace - Market size and forecast 2020-2025 ($ million)
- Exhibit 33: Aerospace - Year-over-year growth 2020-2025 (%)
- 6.6 Automotive - Market size and forecast 2020-2025
- Exhibit 34: Automotive - Market size and forecast 2020-2025 ($ million)
- Exhibit 35: Automotive - Year-over-year growth 2020-2025 (%)
- 6.7 Others - Market size and forecast 2020-2025
- 6.8 Market opportunity by End user
- Exhibit 38: Market opportunity by End user
7 Customer landscape
8 Geographic Landscape
- 8.1 Geographic segmentation
- Exhibit 40: Market share by geography 2020-2025 (%)
- 8.2 Geographic comparison
- Exhibit 41: Geographic comparison
- 8.3 North America - Market size and forecast 2020-2025
- Exhibit 42: North America - Market size and forecast 2020-2025 ($ million)
- Exhibit 43: North America - Year-over-year growth 2020-2025 (%)
- 8.4 Europe - Market size and forecast 2020-2025
- Exhibit 44: Europe - Market size and forecast 2020-2025 ($ million)
- Exhibit 45: Europe - Year-over-year growth 2020-2025 (%)
- 8.5 APAC - Market size and forecast 2020-2025
- Exhibit 46: APAC - Market size and forecast 2020-2025 ($ million)
- Exhibit 47: APAC - Year-over-year growth 2020-2025 (%)
- 8.6 MEA - Market size and forecast 2020-2025
- Exhibit 48: MEA - Market size and forecast 2020-2025 ($ million)
- Exhibit 49: MEA - Year-over-year growth 2020-2025 (%)
- 8.7 South America - Market size and forecast 2020-2025
- 8.8 Key leading countries
- Exhibit 52: Key leading countries
- 8.9 Market opportunity by geography
- Exhibit 53: Market opportunity by geography ($ million)
9 Drivers, Challenges, and Trends
- 9.2 Market challenges
- Exhibit 54: Impact of drivers and challenges
10 Vendor Landscape
- 10.1 Overview
- Exhibit 55: Vendor landscape
- 10.2 Landscape disruption
- Exhibit 56: Landscape disruption
- Exhibit 57: Industry risks
11 Vendor Analysis
- 11.1 Vendors covered
- Exhibit 58: Vendors covered
- 11.2 Market positioning of vendors
- Exhibit 59: Market positioning of vendors
- 11.3 Carl Zeiss AG
- Exhibit 60: Carl Zeiss AG - Overview
- Exhibit 61: Carl Zeiss AG - Business segments
- Exhibit 62: Carl Zeiss AG - Key news
- Exhibit 63: Carl Zeiss AG - Key offerings
- Exhibit 64: Carl Zeiss AG - Segment focus
- 11.4 Eddyfi NDT Inc.
- Exhibit 65: Eddyfi NDT Inc. - Overview
- Exhibit 66: Eddyfi NDT Inc. - Product and service
- Exhibit 67: Eddyfi NDT Inc. - Key news
- Exhibit 68: Eddyfi NDT Inc. - Key offerings
- 11.5 FUJIFILM Holdings Corp.
- Exhibit 69: FUJIFILM Holdings Corp. - Overview
- Exhibit 70: FUJIFILM Holdings Corp. - Business segments
- Exhibit 71: FUJIFILM Holdings Corp. - Key news
- Exhibit 72: FUJIFILM Holdings Corp. - Key offerings
- Exhibit 73: FUJIFILM Holdings Corp. - Segment focus
- 11.6 General Electric Co.
- Exhibit 74: General Electric Co. - Overview
- Exhibit 75: General Electric Co. - Business segments
- Exhibit 76: General Electric Co. - Key news
- Exhibit 77: General Electric Co. - Key offerings
- Exhibit 78: General Electric Co. - Segment focus
- 11.7 Illinois Tool Works Inc.
- Exhibit 79: Illinois Tool Works Inc. - Overview
- Exhibit 80: Illinois Tool Works Inc. - Business segments
- Exhibit 81: Illinois Tool Works Inc. - Key offerings
- Exhibit 82: Illinois Tool Works Inc. - Segment focus
- 11.8 Mistras Group Inc.
- Exhibit 83: Mistras Group Inc. - Overview
- Exhibit 84: Mistras Group Inc. - Business segments
- Exhibit 85: Mistras Group Inc. - Key news
- Exhibit 86: Mistras Group Inc. - Key offerings
- Exhibit 87: Mistras Group Inc. - Segment focus
- 11.9 Nikon Corp.
- Exhibit 88: Nikon Corp. - Overview
- Exhibit 89: Nikon Corp. - Business segments
- Exhibit 90: Nikon Corp. - Key news
- Exhibit 91: Nikon Corp. - Key offerings
- Exhibit 92: Nikon Corp. - Segment focus
- 11.10 Olympus Corp.
- Exhibit 93: Olympus Corp. - Overview
- Exhibit 94: Olympus Corp. - Business segments
- Exhibit 95: Olympus Corp. - Key news
- Exhibit 96: Olympus Corp. - Key offerings
- Exhibit 97: Olympus Corp. - Segment focus
- 11.11 Roper Technologies Inc.
- Exhibit 98: Roper Technologies Inc. - Overview
- Exhibit 99: Roper Technologies Inc. - Business segments
- Exhibit 100: Roper Technologies Inc. - Key news
- Exhibit 101: Roper Technologies Inc. - Key offerings
- Exhibit 102: Roper Technologies Inc. - Segment focus
- 11.12 YXLON International GmbH
- Exhibit 103: YXLON International GmbH - Overview
- Exhibit 104: YXLON International GmbH - Product and service
- Exhibit 105: YXLON International GmbH - Key news
- Exhibit 106: YXLON International GmbH - Key offerings
12 Appendix
- 12.2 Currency conversion rates for US$
- Exhibit 107: Currency conversion rates for US$
- 12.3 Research methodology
- Exhibit 108: Research Methodology
- Exhibit 109: Validation techniques employed for market sizing
- Exhibit 110: Information sources
- 12.4 List of abbreviations
- Exhibit 111: List of abbreviations
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