World Nondestructive Test Equipment Markets

Frost & Sullivan
January 30, 2006
SKU: MC1284176
License type:
Table of Contents Related Reports
Countries covered: Global


Research Overview

Quality control is a necessary evil, and inspection is most often viewed as a non-value adding activity. But, the fact that manufacturers are bound by stringent industry specifications, and standards to supply high quality products in order to keep in pace with the ever growing competition has driven the need to do testing. This has opened up plethora of opportunities for Nondestructive Test (NDT) equipment manufacturers and the various techniques such as ultrasonics, surface inspection, eddy current, etc have gained importance and significance. Hence it becomes extremely imperative to have a better understanding of the NDT equipment market and the various techniques involved, and also the product positioning holds the key to success for any product, especially in a highly competitive and growing market like this. A solid understanding of the NDT equipment market has made it possible for Frost and Sullivan to identify the applications offering greatest growth potential for in the next few years. This is likely to enable clients to focus the marketing, branding, product development and position efforts in that area, and the knowledge of the NDT equipment market is certainly essential for companies in their decision making process if they intend to grow in business in the near future and to tap the untapped potential opportunities in the marketplace.

This analysis focuses on various NDT techniques such as ultrasonic, surface inspection, eddy current, visual inspection, and radiography and provides forecast for revenues for these segments from 2006 to 2012. The forecasts will help companies design marketing strategies according to the changing scenarios during the forecast period. The promotional efforts of market participants can be aligned to maximize sales and profits. Further, the research provides a global perspective on the market and complete valuable information on the competitive landscape of these different techniques and in each of these markets, an in-depth competitive analysis is performed identifying major players and their strengths. For these markets, players seeking market opportunities to grow their company's revenues, profitability, market share and brand name, competitive information is of primary importance to size the relevance of the opportunities offered and design the appropriate business development strategy. The research also provides an extensive and an intensive view of the market trends in each segment as well as the industry as a whole and provides insights on the current trends and developments in the industry.

Market Sectors

Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:
  • Ultrasonic Inspection Equipment
  • Surface Inspection Equipment
  • Eddy Current Equipment
  • Visual Inspection Equipment
  • Radiography Equipment
Technologies

The following technologies are covered in this research:
  • Non Destructive Testing
  • Ultrasonic Testing
  • Liquid Penetrant and Magnetic Particle Inspection
  • Eddy Current, and Visual Inspection
  • Radiography
Market Overview

This Frost & Sullivan research service entitled World Nondestructive Test Equipment Market provides a holistic view of the NDT industry along with the revenue forecasts for the various NDT techniques, latest technological developments, and market trends in the industry. In this research, Frost & Sullivan's expert analysts thoroughly examine the following markets/applications/technologies: Ultrasonic Inspection Equipment, Surface Inspection Equipment, Eddy Current Equipment, Visual Inspection Equipment, and Radiography Equipment.


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