Non-Disruptive Testing and Inspection Market Will Reach USD 12.6 Billion by 2025. The reports forecast the non-disruptive testing and inspection market by techniques, service, method and end-user, and region. It highlights COVID-19 impact on the non-disruptive testing and inspection industry.

Description

Global Non-Disruptive Testing and Inspection Market: by Technique (Visual Testing, Magnetic Particle Testing, Liquid Penetrant Testing, Eddy-Current Testing, Ultrasonic Testing, Radiographic Testing, Acoustic Emission Testing, and Others), by Method (Visual Inspection, Surface Inspection, Volumetric Inspection, and Others), by Service (Inspection Service, Equipment Rental Services, Calibration Services, and Training Services), by Application (Oil & Gas, Manufacturing, Public Infrastructure, Automotive, Power Generation, Aerospace, and Others), and by Region – Global Industry Sizing, Growth, Trend, Opportunity, and Forecast (2020–2025)

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The non-disruptive testing and inspection market report covers a thorough analysis of the market dynamics, business models, segmental/regional analysis, and respective market shares and strategies adopted by the key market players operating globally. It entails an in-depth analysis of the factors influencing the global market and market statistics indicating region wise and segment-wise market share/growth analysis. The report's study will outlook one of the most exhaustive analyses of the market, capturing all the aspects of the non-disruptive testing and inspection industry.
Report Attributes    Details

     
Non-Disruptive Testing and Inspection Market Industry Overview:  
  
The non-disruptive testing and inspection market size was valued at USD 7.8 billion in 2019, which is expected to reach USD 12.6 billion by 2025, registering a CAGR of 6.4% during the forecast period (2020-2025). Non-destructive testing and inspection are the methods which is used to examine an object, material or system without impairing its future usefulness, it is generally applied non-medical investigation of material integrity. It is the process of inspecting, testing, or evaluating material components or assemblies for discontinuities or differences in characteristics without destroying the serviceability of the part or a system.

Factors Affecting the Non-Disruptive Testing and Inspection Market Over the Forecast Period:

•  With the increasing complexity in the non-disruptive testing and inspection market, there is a lack of skilled professionals and rising amendments in the rules and regulations of the government to outsource the non-disruptive testing operations to other parties.
  •    With changes in rules and regulations in the government policies to protect their infrastructure and prevent catastrophic failure that may cause significant reputational and financial losses to the company.
  •    Improvements in the techniques and procedure has ensured deviation free fault detection and have decreased the complexity involved in the testing procedures considerably.
  •    There is high adoption of IoT devices and an increasing need to assess the health of aging assets also propel the growth of the non-disruptive testing and inspection market.

Impact of COVID-19 on Non-Disruptive Testing and Inspection Market: 

The COVID-19 pandemic had a negative impact on the growth of the non-disruptive testing and inspection market. The sales of non-disruptive testing and inspection equipment and service have declined significantly across several verticals, such as the oil & gas industry, which is expected to witness a downfall of 10-15% in 2020. The halt on the new oil & gas exploration projects, decline in the demand for crude oil, and temporary shutdown of manufacturing facilities, especially during April-May 2020, will lead to the downfall of the non-disruptive testing and inspection market in 2020.

Scope of the Report:

The report outlines the study of the non-disruptive testing and inspection market based on technique, method, service, and end-user.

Based on technique, the non-disruptive testing and inspection market is segmented into-

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• 
   Visual Testing
  o    Unaided Visual Inspection
  o    Aided Visual Inspection
  •    Magnetic Particle Testing
  •    Liquid Penetrant Testing
  •    Eddy-Current Testing
  o    Alternating Current Field Measurement 
  o    Remote-Field Testing
  o    Eddy-Current Array 
  Based on method, the non-disruptive testing and inspection market is segmented into-
•  Visual Inspection
  •    Surface Inspection
  •    Volumetric Inspection
  •    Others 

Based on service, the non-disruptive testing and inspection market is segmented into-
•    Inspection Services
•    Equipment Rental Services
•    Calibration Services
•    Training Services

Based on end-user, the non-disruptive testing and inspection market is segmented into-

•  Manufacturing
  •    Oil & Gas
  •    Aerospace
  •    Public Infrastructure
  •    Automotive
  •    Power Generation
  •    Others (Marine)

Geographical Outlook:

The non-disruptive testing and inspection market has been segmented into five geographical regions, namely, North America, Asia Pacific, South America, Europe, and the Middle East and Africa. In 2019, Asia Pacific held the largest share in the global non-disruptive testing and inspection market, followed by Europe. Moreover, Asia Pacific is expected to project the highest CAGR in the global market over the forecast period.
Non-Disruptive Testing and Inspection Market by Region, 2019-2025 (USD Billion)
 
Non-Disruptive Testing and Inspection Market Key Competitors Include: 

The non-disruptive testing and inspection market has a presence of a few small players across the globe. The key non-disruptive testing and inspection market players operating in the global market include –

•  Acuren 
  •    Ashtead Technology 
  •    Bosello High Technology srl 
  •    Cygnus Instruments Ltd. 
  •    Eddyfi 
  •    Fischer Technology Inc. 
  •    General Electric Company 
  •    LynX Inspection  
  •    Magnaflux 
  •    MISTRAS Group 
  •    NDT Global GmbH 
  •    Nikon Metrology 

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