by NDT helps detect internal and external flaws such as cracks, leaks, defects and voids. The global adoption of NDT is increasing owing to stringent regulations regarding safety and quality control of components and parts in aviation, healthcare, energy and automotive sectors.
The Global Non-Destructive Testing Market is estimated to be valued at US$ 9103.94 Bn in 2024 and is expected to exhibit a 16% CAGR over the forecast period 2024 to 2031.
Non-destructive testing (NDT) refers to the inspection of materials, components or systems without harming their future usefulness. Some common methods include ultrasonic, eddy current, magnetic particle, liquid penetrant, radiographic and visual testing. NDT helps analyze the properties of a material, component or system without causing damage. It provides critical information about the internal structure or condition of an examined object so that quality control, failure analysis and reverse engineering inspections can be carried out.
Key players operating in the Non-Destructive Testing are Bio-Rad Laboratories, Biocept Inc., Guardant Health, QIAGEN N.V, Illumina, Inc., F. Hoffmann-La Roche Ltd., Johnson & Johnson, Laboratory Corporation of America Holdings, MDxHealth SA, Thermo Fisher Scientific Inc.. The growing demand for quality control and increased safety measures across industries such as oil & gas, aerospace, manufacturing and automotive has been a major driver for the non-destructive testing market. Regulations related to product safety have increased the need for early defect detection and material characterization using NDT technologies.
The growth in demand can be attributed to increased spending on infrastructure development around the world coupled with stricter government regulations mandating quality control checks. Particularly, emerging economies are witnessing considerable investments in transportation, energy and building construction which requires extensive Non-Destructive Testing Market Size for ensuring safety and extending asset life. Further, the rising repair and maintenance activities of aging aircraft and oil rigs have also augmented market opportunities.
The NDT market is also witnessing increased globalization with market players expanding their presence internationally. This is enabling greater access to advanced NDT equipment as well as technical inspection services globally. Collaboration between international authorities is harmonizing standards and regulations to bring more uniformity in NDT practices. Market leaders are focused on mergers and acquisitions to build a wider service portfolio as well as global support network. New players especially from Asia are building capabilities to cater to the rising domestic as well as export opportunities.
Key Trends: Development of robotic and automated NDT systems are one of the major trends being witnessed in the market. Robotic and automated techniques help improve consistency, reduce human errors and lower inspection times for large and complex components. Industries are increasingly adopting digital radiography (DR), computerized tomography (CT), and digital ultrasonic techniques for advanced automation. Growth of IIoT platforms is also enabling remote inspections and predictive maintenance using analysis of NDT data captured over time. This reduces downtime and improves overall equipment effectiveness.
Porter’s Analysis
Threat of new entrants: Entry barriers in the market are moderate as the required technology is complex and requires specialised skills and knowledge. However, costs associated with R&D are high.
Bargaining power of buyers: Buyers have moderate bargaining power as there are many established players in the market offering substitutable products. However, switching costs are low.
Bargaining power of suppliers: Suppliers have low to moderate bargaining power as inputs required are generic components readily available from multiple suppliers. However, components require conformity to quality standards.
Threat of new substitutes: Threat of new substitutes is low as Non-Destructive Testing Market technologies have various advantages over traditional methods and alternatives are limited. However, new advanced techniques can emerge as substitutes.
Competitive rivalry: The market is consolidated with major global players competing. However, regional and local players also compete on capabilities, price, and customer relationships. Intense competition is observed on factors like pricing and service offerings.
Geographical Regions
North America remains the largest market for non-destructive testing, holding around 40% of the total market share in 2024, valued at US$ 3,641.58 billion. This is attributed to high spending on infrastructure, prevalence of stringent quality standards, nuclear plant maintenance activities and presence of major players.
The Asia Pacific region is expected to witness the fastest growth during the forecast period with a CAGR of 19.1%. This can be accredited to expanding manufacturing sector, growing automobile production, increased FDI in infrastructure development and emphasis on quality control across industries in developing economies like China and India.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
