Global Ultrasonic Testing Market Size, Trends & Growth Opportunity, By Services (Inspection Services, Training Services, Equipment Rental Services, Calibration services), by Vertical (Manufacturing, Oil & Gas, Aerospace, Government Infrastructure, Automotive, Power Generation, Marine, Others) By Region and Forecast till 2027
Report ID : QR1001305 | Industries : Semiconductors and Electronics | Published On :January 2022 | Page Count : 256
Global Ultrasonic Testing Market
The global Ultrasonic Testing market was valued at USD 3000 billion in 2020 which expected to reach USD 4200 billion by 2027 at a CAGR 7.1% from 2020-2027.
Ultrasonic testing, sometimes known as UT, is a type of non-destructive testing that involves using special equipment to deliver high-frequency sound waves through a material's thickness. After that, more equipment is employed to receive the sound waves. Ultrasonic testing can be used to determine the state of a substance. This testing technique can also reveal discontinuities in the way high-frequency sound waves are returned to the recording equipment.
Market Drivers
The government has rigorous laws protecting public safety and product quality. Due to the increasing complexity of machinery, the growing demand for precise product usage specifications, the ongoing strict implementation of government regulations to ensure the safety of the workforce, and the rising stringent quality control requirements, the market for ultrasonic testing equipment and services is growing.
Market Restraints
There is a scarcity of skilled and qualified professionals to conduct ultrasonic testing.
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Ultrasonic testing services are growing in popularity faster than ultrasonic testing equipment. Furthermore, it is critical for players to expand their global footprint while also developing a highly qualified staff capable of providing effective ultrasonic testing and inspection services. As a result, having a competent personnel with the necessary ultrasonic testing and inspection abilities is a strategic concern for businesses. Due to strict government restrictions and the high complexity of ultrasonic testing methodologies, the demand for competent testers and inspectors is growing.
Impact of COVID-19
According to a pre-pandemic study from the International Bank for Reconstruction and Development (IBRD), around 4.25 million passengers flew around the world. The ban on international travel during the COVID-19 pandemic has affected the aviation passenger statistics. The aviation industry is facing significant hurdles as a result of the COVID-19 effect, including the current economic downturn, decreased flying passenger volume, and shifting oil prices.
Market Segmentation
The Global Ultrasonic Testing Market is segmented into Services and Vertical. By Services such as Inspection Services, Training Services, Equipment Rental Services, Calibration services. Further, market is segmented into By Vertical such as Manufacturing, Oil & Gas, Aerospace, Government Infrastructure, Automotive, Power Generation, Marine, Others.
Regional Analysis
Global Ultrasonic Testing Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The expanding adoption of the UT approach for railway inspections across the United States and Canada is responsible for this region's dominance. The market in the United States is driven by leading market players such as Amerapex Corporation, Applied Technical Services, Inc., General Electric, and Mistras Group. The ultrasonic testing market share in Europe is expected to expand significantly. The thriving automobile industry in Germany and the burgeoning aerospace vertical in the United Kingdom are both contributing to this rise.
Key Players
Various key players are listed in this report such as Mistras Group, Inc., Olympus Corporation, General Electric Co., Sonatest Ltd., Amerapex Corporation, Sonotron NDT, Tecscan Systems Inc., Ashtead Technology, NDT Systems Inc.
Market Taxonomy
By Services
- Inspection Services
- Training Services
- Equipment Rental Services
- Calibration services
By Vertical
- Manufacturing
- Oil & Gas
- Aerospace
- Government Infrastructure
- Automotive
- Power Generation
- Marine
- Others
By Region
- North America
- Latin America
- Europe
- China
- Asia Pacific
- Middle East & Africa
Key Questions Addressed by the Report
- What are the Key Opportunities in Global Ultrasonic Testing Market?
- What will be the growth rate from 2020 to 2027?
- Which segment/region will have highest growth?
- What are the factors that will impact/drive the Market?
- What is the competitive Landscape in the Industry?
- What is the role of key players in the value chain?
Global Ultrasonic Testing Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Ultrasonic Testing Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Ultrasonic Testing Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Ultrasonic Testing Market Share Analysis, By Type
5.3 Global Ultrasonic Testing Market Size and Forecast, By Type
5.3.1 Time-of-flight diffraction
5.3.2 Phased array
5.3.3 Immersion testing
5.3.4 Acoustography
6 Global Ultrasonic Testing Market, By Equipment
6.1 Y-o-Y Growth Comparison, By Equipment
6.2 Global Ultrasonic Testing Market Share Analysis, By Equipment
6.3 Global Ultrasonic Testing Market Size and Forecast, By Equipment
6.3.1 Flaw detectors
6.3.2 Thickness gauges
6.3.3 Transducers and probes
6.3.4 Industrial scanners
6.3.5 Tube inspection systems
6.3.6 Bond testers
6.3.7 Imaging systems
6.3.8 Others
7 Global Ultrasonic Testing Market, By Services
7.1 Y-o-Y Growth Comparison, By Services
7.2 Global Ultrasonic Testing Market Share Analysis, By Services
7.3 Global Ultrasonic Testing Market Size and Forecast, By Services
7.3.1 Hardware
7.3.1.1 Structure
7.3.1.2 Led Lights
7.3.1.3 Hvac
7.3.1.4 Climate Control System
7.3.1.5 Irrigation Systems
7.3.1.6 Others
7.3.2 Software
7.3.2.1 Web-Based
7.3.2.2 Cloud-Based
8 Global Ultrasonic Testing Market, By Vertical
8.1 Y-O-Y Growth Comparison, By Vertical
8.2 Global Ultrasonic Testing Market Share Analysis, By Vertical
8.3 Global Ultrasonic Testing Market Size and Forecast, By Vertical
8.3.1 Manufacturing
8.3.2 Oil & Gas
8.3.3 Aerospace
8.3.4 Government Infrastructure
8.3.5 Automotive
8.3.6 Power Generation
8.3.7 Marine
8.3.8 Others
9 Global Ultrasonic Testing Market, By Region
9.1 Global Ultrasonic Testing Market Share Analysis, By Region
9.2 Global Ultrasonic Testing Market Share Analysis, By Region
9.3 Global Ultrasonic Testing Market Size and Forecast, By Region
10 North America Ultrasonic Testing Market Analysis and Forecast (2021-2027)
10.1 Introduction
10.2 North America Ultrasonic Testing Market Share Analysis, By Type
10.3 North America Ultrasonic Testing Market Size and Forecast, By Equipment
10.4 North America Ultrasonic Testing Market Size and Forecast, By Services
10.5 North America Ultrasonic Testing Market Size and Forecast, By Vertical
10.6 North America Ultrasonic Testing Market Size and Forecast, By Country
10.7.1 U.S.
10.7.2 Canada
10.7.3 Mexico
11 Europe Ultrasonic Testing Market Analysis and Forecast (2021-2027)
11.1 Introduction
11.2 Europe Ultrasonic Testing Market Share Analysis, By Type
11.3 Europe Ultrasonic Testing Market Size and Forecast, By Equipment
11.4 Europe Ultrasonic Testing Market Size and Forecast, By Services
11.5 Europe Ultrasonic Testing Market Size and Forecast, By Vertical
11.6 Europe Ultrasonic Testing Market Size and Forecast, By Country
11.6.1 Germany
11.6.2 France
11.6.3 UK
11.6.4. Rest of Europe
12 Asia Pacific Ultrasonic Testing Market Analysis and Forecast (2021-2027)
12.1 Introduction
12.2 Asia Pacific Ultrasonic Testing Market Share Analysis, By Type
12.3 Asia Pacific Ultrasonic Testing Market Size and Forecast, By Equipment
12.4 Asia Pacific Ultrasonic Testing Market Size and Forecast, By Services
12.5 Asia Pacific Ultrasonic Testing Market Size and Forecast, By Vertical
12.6 Asia Pacific Ultrasonic Testing Market Size and Forecast, By Country
12.6.1 China
12.7.2 Japan
12.8.3 India
12.9.4. Rest of Asia Pacific
13 Latin America Ultrasonic Testing Market Analysis and Forecast (2021-2027)
13.1 Introduction
13.2 Latin America Ultrasonic Testing Market Share Analysis, By Type
13.3 Latin America Ultrasonic Testing Market Size and Forecast, By Equipment
13.4 Latin America Ultrasonic Testing Market Size and Forecast, By Services
13.5 Latin America Ultrasonic Testing Market Size and Forecast, By Vertical
13.6 Latin America Ultrasonic Testing Market Size and Forecast, Country
13.7.1. Brazil
13.8.2. Rest of Latin America
14 Middle East Ultrasonic Testing Market Analysis and Forecast (2021-2027)
14.1 Introduction
14.2 Middle East Ultrasonic Testing Market Share Analysis, By Type
14.3 Middle East Ultrasonic Testing Market Size and Forecast, By Equipment
14.4 Middle East Ultrasonic Testing Market Size and Forecast, By Services
14.5 Middle East Ultrasonic Testing Market Size and Forecast, By Vertical
14.6 Middle East Ultrasonic Testing Market Size and Forecast, By Country
14.7.1. Saudi Arabia
14.8.2. UAE
14.9.3. Egypt
14.10.4. Kuwait
14.11.5. South Africa
15Competitive Analysis
15.1 Competition Dashboard
15.2 Market share Analysis of Top Vendors
15.3 Key Development Strategies
16 Company Profiles
16.1 Mistras Group, Inc
16.1.1 Overview
16.1.2 Offerings
16.1.3 Key Financials
16.1.4 Business Segment & Geographic Overview
16.1.5 Key Market Developments
16.1.6 Key Strategies
17.2. Olympus Corporation
17.2.1 Overview
17.2.2 Offerings
17.2.3 Key Financials
17.2.4 Business Segment & Geographic Overview
17.2.5 Key Market Developments
17.2.6 Key Strategies
17.3. General Electric Co
17.3.1 Overview
17.3.2 Offerings
17.3.3 Key Financials
17.3.4 Business Segment & Geographic Overview
17.3.5 Key Market Developments
17.3.6 Key Strategies
17.4 Amerapex Corporation
17.4.1 Overview
17.4.2 Offerings
17.4.3 Key Financials
17.4.4 Business Segment & Geographic Overview
17.4.5 Key Market Developments
17.4.6 Key Strategies
17.5 Bowery Farming
17.5.1 Overview
17.5.2 Offerings
17.5.3 Key Financials
17.5.4 Business Segment & Geographic Overview
17.5.5 Key Market Developments
17.5.6 Key Strategies
17.6 Sonotron NDT
17.6.1 Overview
17.6.2 Offerings
17.6.3 Key Financials
17.6.4 Business Segment & Geographic Overview
17.6.5 Key Market Developments
17.6.6 Key Strategies
17.7 Tecscan Systems Inc.
17.7.1 Overview
17.7.2 Offerings
17.7.3 Key Financials
17.7.4 Business Segment & Geographic Overview
17.7.5 Key Market Developments
17.7.6 Key Strategies
17.8 Ashtead Technology
17.8.1 Overview
17.8.2 Offerings
17.8.3 Key Financials
17.8.4 Business Segment & Geographic Overview
17.8.5 Key Market Developments
17.8.6 Key Strategies
17.9 NDT Systems Inc
17.9.1 Overview
17.9.2 Offerings
17.9.3 Key Financials
17.9.4 Business Segment & Geographic Overview
17.9.5 Key Market Developments
17.9.6 Key Strategies