Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=131229239
Browse in-depth TOC on "Ultrasonic Testing Market"
229 – Tables
59 – Figures
268 – Pages
Ultrasonic Testing Market Report Scope:
Report Coverage |
Details |
Market Revenue in 2024 |
$ 2.92 billion |
Estimated Value by 2029 |
$ 4.60 billion |
Growth Rate |
Poised to grow at a CAGR of 9.5% |
Market Size Available for |
2020–2029 |
Forecast Period |
2024–2029 |
Forecast Units |
Value (USD Million/Billion) |
Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered |
By Types, Equipment, Services, verticals, and Region |
Geographies Covered |
North America, Europe, Asia Pacific, and Rest of World |
Key Market Challenge |
Limited availability of skilled technicians |
Key Market Opportunities |
Growing offshore oil and gas exploration |
Key Market Drivers |
Growing offshore oil and gas exploration |
Bond testers are projected to have the highest CAGR during the forecast period from 2024 to 2029.
Ultrasonic bond testers are an important equipment used in the oil & gas and aerospace industries. The ultrasonic bond tester can verify the integrity of adhesively bonded joints. The demand for reliable testing has increased due to performance and safety requirements in metal-to-metal joints, composite structures, and sandwich constructions. These portable, microprocessor-based instruments operate at low frequencies i.e. 4-400 kHz, facilitating them to penetrate various adhesive layers and identify flaws in complex geometrics.
The time-of-flight diffraction has the 2nd largest market share of the ultrasonic testing market in 2023.
Time-of-flight diffraction (ToFD) ultrasonic testing is a sophisticated multiple mode inspection technique, that relies on the determination of the traveling time of sonic energy over material from one or more probes to another and offers a highly accurate mode of crack detection, including slag and fusion deficiencies which have improved beyond the commonly used ultrasonic methods whereby the entire system of scanning, memory storage, and evaluation in defect height, length, and location are all done by computerised system. This technique assures precise measuring of crack sizes with minimized failure or shutdown possibilities. Major applications involved are weld checking, crack inspection, and pulse-echo inspections.
Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=131229239
Asia Pacific region is projected to have the highest CAGR during the forecast period from 2024 to 2029.
The demand for ultrasonic testing has significantly grown in the Asia Pacific region due to rapid infrastructure growth and rising automotive production. The countries within the Asia Pacific region, i.e., China, Japan, and India, are highly involved in producing defense aircraft that will further expand ultrasonic testing across Asia Pacific defense and aerospace industries. India and China's automotive industries will likely grow extensively during the forecast period. The ultrasonic testing industry will grow significantly with the increase in vehicle manufacturing in these countries. Large-scale manufacturing automation through the "Make in India" program holds considerable opportunities for ultrasonic testing in the automotive and higher-scale industries.
Key Players
The key players in ultrasonic testing companies are Baker Hughes Company (US), EVIDENT (Japan), Eddyfi (Canada), Sonatest (US), NDT Systems Inc (US), SGS SOCIETE GENERALE DE SURVEILLANCE SA. (Switzerland), Intertek Group plc (UK), MISTRAS Group (US), DEKRA (Germany), Applus+ (Spain), TÜV Rheinland (Germany), Element Materials Technology (UK), Acoustic Control Systems (Germany), Amerapex Corporation (US), Ashtead Technology (Scotland), Acuren (US), Modsonic Instruments Mfg. Co. (P) Ltd. (India), SONOTEC GmbH (Germany), Applied Technical Services (US), Nexxis (Australia), Vertech Group (Australia), Guided Ultrasonics Ltd. (US), IRISNDT (Canada), Nanjing BKN Automation System Co., Ltd. (China), and OKOndt GROUP (US).
Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=131229239
Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting
Related Reports:
Testing, Inspection, and Certification Market Size, Share & Industry Growth Analysis Report by Service Type, Sourcing Type (In-house, Outsourced), Application (Consumer Goods & Retail, Agriculture & Food, Industrial & Manufacturing, Medical & Life Sciences) and Region - Global Forecast to 2029
NDT and Inspection Market by Technique (Ultrasonic Testing, Visual, Magnetic Particle, Liquid Penetration, Eddy-Current, Radiographic, Acoustic Emission), Service, Method, Vertical, Application and Region - Global Forecast to 2029
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
1615 South Congress Ave.
Suite 103, Delray Beach, FL 33445
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Web Site: https://www.marketsandmarkets.com/
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/ultrasonic-testing-market.asp
Content Source: https://www.marketsandmarkets.com/PressReleases/ultrasonic-testing.asp
Logo: https://mma.prnewswire.com/media/1951202/4609423/MarketsandMarkets.jpg
Share this article