The global non-destructive testing equipment market size accounted for USD 19,581 million in 2024 and is expected to exceed around USD 36,072 million by 2034, growing at a CAGR of 6.3% from 2024 to 2034.
The non-destructive testing equipment market is an important supplementary industry , essential to guarantee the safety and dependability of materials through extensive testing. Non-destructive testing equipment is widely used in the automotive, oil and gas, aerospace, construction, and design testing segments in various industries involving ergonomics, to identify defects and maintain quality standards. The market’s expansion is due to industrialization and strict safety regulations. Advanced techniques, including ultrasonic and radiographic testing, are in high demand in sectors like chemical manufacturing, material manufacturing and a wide variety of heavy duty industries where structural integrity and mechanical performance of equipment is important. Growth in the space is also driven by the increasing use of automation and robotics to improve both precision and efficiency.
The non-destructive testing equipment market does face some obstacles, including the high costs of advanced testing devices and requirement for trained highly professionals to operate them. Small and medium-sized enterprises struggle to implement these technologies due to financial limitations. However, there is potential in the market through innovations like incorporation of artificial intelligence and machine learning, which allow preventive care and real-time monitoring. Emerging industries such as renewable energy and electric vehicles offer significant growth potential in the non-destructive testing equipment market.
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| Stats ID: | 7128 |
| Format: | Databook |
| Published: | December 2024 |
| Delivery: | Immediate |
| Stats ID: | 7128 |
| Format: | Databook |
| Published: | December 2024 |
| Delivery: | Immediate |
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