NDT Inspection Services Market Leapfrogs due to Applications across Multiple End-Use Industries, Future Market Insights

NDT Inspection Services Market Leapfrogs due to Applications across Multiple End-Use Industries, Future Market Insights

PR Newswire

DUBAI, UAE, July 27, 2020

DUBAI, UAE, July 27, 2020 /PRNewswire/ -- The global non-destructive testing (NDT) inspection services market is expected to reach a value of US$ 28 Bn by the 2030, concludes Future Market Insights.

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The market is spiking due to rising investments in infrastructure spending by governments worldwide. As urbanization peaks, the need for housing, railways, highways and airports is increasing. Due to their exhaustive usage, these infrastructures require regular maintenance and upgradation to ensure safety. The detection of faults and component failures help prevent major accidents and implement pre-emptive measures.

Recently, significant technological advancements in healthcare and pharmaceuticals has up-scaled NDT inspection services applications to prevent product recalls and ensure patient safety. The coronavirus pandemic has especially heightened its application due to a high number of patients being admitted to hospitals for treatment.

Based on these widespread application, the market is anticipated to enjoy an impressive growth rate in the coming years.

"Emerging economies such as China & India shall generate immense growth opportunities for NDT inspection service providers, attributed to burgeoning medical tourism and infrastructure development," says an FMI analyst.

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Key Takeaways from FMI's NDT Inspection Services Market Study

NDT Inspection Services Market- Key Trends

NDT Inspection Services Market- Region-wise Analysis

NDT Inspection Services Market- Competitive Landscape

Prominent market players in the NDT inspection services market are: Olympus Corporation, Sonatest Ltd, Nikon Metrology NV, Duemme SpA, Mistras Group, Industrial Radiographic Inspection Co., National Technical Systems, Inc., and Bureau Veritas to name a few.

These players concentrate on offering innovative products and technological solutions to expand their customer outreach. For instance, Nikon Metrology NV offers the MCT225 Metrology-CT Scanner for inside geometry, with an absolute accuracy of 9 + L/50 micrometers.

Collaborations are also helping market players expand their global outreach. For instance, in June 2020, Sonatest Ltd has announced an expansion of its partnership with MelcoNDT across Southeast Asia, especially across Thailand and Indonesia.

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NDT Services Market Taxonomy

Offering Type

Test Method

Industry Vertical

Region/Country

North America

Latin America

Europe

East Asia

Southeast Asia & Pacific

Middle East & Africa

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More Valuable Insights on Global NDT Services Market

FMI's research on the global NDT inspection services provides an unbiased analysis of the prominent drivers impacting the long-term growth prospects for the assessment period 2020-2030. The report provides an incisive analysis of the revenue prospects, growth drivers, opportunities and constraints influencing the overall landscape. Moreover, a detailed section on key players' market strategies has been incorporated to paint a realistic picture in the forthcoming years.

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About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centers in the U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously track emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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