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Global Ultrasonic Testing Market Size Study, By Type (Time-of-Flight Diffraction, Phased Array, Immersion Testing, and Guided-Wave), By Application (Flaw Detection, Material Thickness, Dimensional Measurement, and Others), By Industry Vertical (Chemical a

Publisher Bizwit Research & Consulting
Published Jan 11, 2025
Length 285 Pages
SKU # BIZW19502815

Description

Global Ultrasonic Testing Market Size Study, By Type (Time-of-Flight Diffraction, Phased Array, Immersion Testing, and Guided-Wave), By Application (Flaw Detection, Material Thickness, Dimensional Measurement, and Others), By Industry Vertical (Chemical and Petrochemical, Oil and Gas, Energy and Power, Automotive, Food and Beverages, Healthcare, and Others), and Regional Forecasts 2022-2032


The Global Ultrasonic Testing Market is anticipated to grow significantly, valued at USD 2.67 billion in 2023, with a robust CAGR of 9.5% over the forecast period 2024-2032. Ultrasonic testing, as a pivotal non-destructive testing method, utilizes high-frequency sound waves ranging from 0.1 to 15 MHz to detect internal material flaws or to measure thickness and dimensions. This advanced technique is widely employed across various sectors including aerospace, healthcare, and energy for precision inspections and structural assessments.

The market's growth is driven by the increasing demand for portable phased array ultrasonic testing systems, coupled with the rising adoption of reliable non-destructive testing methods in composite materials like fiberglass and carbon fiber. Additionally, advancements in ultrasonic testing technologies are enhancing its application versatility, fostering rapid adoption across industrial sectors. For instance, its utility in high-speed rotating engine parts inspection underscores its critical role in maintaining operational safety and efficiency.

Despite its growth trajectory, challenges such as the limitations of manual ultrasonic testing in detecting early-stage damages and the volatile pricing in the oil and gas sector present barriers to the market's expansion. However, the burgeoning opportunities in the power generation sector and ongoing innovations in ultrasonic testing solutions are expected to offset these constraints, ensuring steady growth.

Regional Insights: North America dominated the ultrasonic testing market in 2023, driven by its extensive use in railway inspections and the presence of key market players. On the other hand, the Asia-Pacific region is poised for the fastest growth, fueled by an expanding manufacturing base and significant investments in public infrastructure projects. Europe continues to be a substantial market, underpinned by technological advancements and robust healthcare infrastructure.

Major market players included in this report are:

1. Baker Hughes

2. Olympus Corporation

3. MISTRAS Group

4. Intertek Group plc

5. Sonatest

6. Zetec, Inc.

7. T.D. Williamson Inc.

8. Bosello High Technology srl

9. Eddyfi Technologies

10. Magnaflux

11. Fischer Technology Inc.

12. Cygnus Instruments Ltd.

13. NDT Systems Inc

14. Acuren

15. Tecscan Systems Inc.

The detailed segments and sub-segments of the market are explained below:

By Type:
• Time-of-Flight Diffraction
• Phased Array
• Immersion Testing
• Guided-Wave

By Application:
• Flaw Detection
• Material Thickness
• Dimensional Measurement
• Others

By Industry Vertical:
• Chemical and Petrochemical
• Oil and Gas
• Energy and Power
• Automotive
• Food and Beverages
• Healthcare
• Others

By Region:
• North America
U.S.
Canada
Mexico
• Europe
U.K.
Germany
France
Italy
Spain
Rest of Europe
• Asia Pacific
China
Japan
India
South Korea
Rest of Asia Pacific
• Latin America
Brazil
Argentina
Rest of Latin America
• Middle East & Africa
South Africa
Saudi Arabia
UAE
Rest of Middle East & Africa

Years considered for the study are as follows:
• Historical Year: 2022
• Base Year: 2023
• Forecast Period: 2024-2032

Key Takeaways
• Market estimates and forecast spanning a decade from 2022 to 2032.
• Comprehensive regional-level analysis for every segment.
• Detailed competitive landscape with profiles of major industry players.
• Strategic recommendations for market growth and opportunities.

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.

Table of Contents

285 Pages
Chapter 1. Global Ultrasonic Testing Market Executive Summary
1.1. Market Size and Forecast (2022-2032)
1.2. Regional Overview
1.3. Segmental Overview
1.3.1. By Type
1.3.2. By Application
1.3.3. By Industry Vertical
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendations & Conclusion
Chapter 2. Global Ultrasonic Testing Market Definition and Research Assumptions
2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
2.3.1. Inclusion & Exclusion
2.3.2. Limitations
2.3.3. Supply Side Analysis
2.3.3.1. Availability
2.3.3.2. Infrastructure
2.3.3.3. Regulatory Environment
2.3.3.4. Market Competition
2.3.3.5. Economic Viability
2.3.4. Demand Side Analysis
2.3.4.1. Regulatory Frameworks
2.3.4.2. Technological Advancements
2.3.4.3. Environmental Considerations
2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates
Chapter 3. Global Ultrasonic Testing Market Dynamics
3.1. Market Drivers
3.1.1. Advancements in Portable Ultrasonic Systems
3.1.2. Increasing Adoption in Composite Material Testing
3.1.3. Growing Use in Aerospace and Defense Applications
3.2. Market Challenges
3.2.1. Manual Testing Limitations
3.2.2. Price Volatility in Oil and Gas Sector
3.3. Market Opportunities
3.3.1. Expanding Applications in Power Generation Sector
3.3.2. Innovations in Non-Destructive Testing Technologies
Chapter 4. Global Ultrasonic Testing Market Industry Analysis
4.1. Porter's Five Forces Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. PESTEL Analysis
4.2.1. Political
4.2.2. Economic
4.2.3. Social
4.2.4. Technological
4.2.5. Environmental
4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Winning Strategies
4.5. Disruptive Trends
4.6. Analyst Recommendations & Conclusion
Chapter 5. Global Ultrasonic Testing Market Size & Forecast by Type (2022-2032)
5.1. Segment Dashboard
5.2. Revenue Trend Analysis, 2022-2032
5.2.1. Time-of-Flight Diffraction
5.2.2. Phased Array
5.2.3. Immersion Testing
5.2.4. Guided-Wave
Chapter 6. Global Ultrasonic Testing Market Size & Forecast by Application (2022-2032)
6.1. Segment Dashboard
6.2. Revenue Trend Analysis, 2022-2032
6.2.1. Flaw Detection
6.2.2. Material Thickness Measurement
6.2.3. Dimensional Measurement
6.2.4. Others
Chapter 7. Global Ultrasonic Testing Market Size & Forecast by Industry Vertical (2022-2032)
7.1. Segment Dashboard
7.2. Revenue Trend Analysis, 2022-2032
7.2.1. Chemical and Petrochemical
7.2.2. Oil and Gas
7.2.3. Energy and Power
7.2.4. Automotive
7.2.5. Food and Beverages
7.2.6. Healthcare
7.2.7. Others
Chapter 8. Global Ultrasonic Testing Market Size & Forecast by Region (2022-2032)
8.1. North America Ultrasonic Testing Market
8.1.1. U.S. Ultrasonic Testing Market
8.1.2. Canada Ultrasonic Testing Market
8.1.3. Mexico Ultrasonic Testing Market
8.2. Europe Ultrasonic Testing Market
8.2.1. U.K. Ultrasonic Testing Market
8.2.2. Germany Ultrasonic Testing Market
8.2.3. France Ultrasonic Testing Market
8.2.4. Italy Ultrasonic Testing Market
8.2.5. Spain Ultrasonic Testing Market
8.2.6. Rest of Europe Ultrasonic Testing Market
8.3. Asia-Pacific Ultrasonic Testing Market
8.3.1. China Ultrasonic Testing Market
8.3.2. Japan Ultrasonic Testing Market
8.3.3. India Ultrasonic Testing Market
8.3.4. South Korea Ultrasonic Testing Market
8.3.5. Australia Ultrasonic Testing Market
8.3.6. Rest of Asia-Pacific Ultrasonic Testing Market
8.4. Latin America Ultrasonic Testing Market
8.4.1. Brazil Ultrasonic Testing Market
8.4.2. Argentina Ultrasonic Testing Market
8.4.3. Rest of Latin America Ultrasonic Testing Market
8.5. Middle East & Africa Ultrasonic Testing Market
8.5.1. Saudi Arabia Ultrasonic Testing Market
8.5.2. South Africa Ultrasonic Testing Market
8.5.3. UAE Ultrasonic Testing Market
8.5.4. Rest of Middle East & Africa Ultrasonic Testing Market
Chapter 9. Competitive Intelligence
9.1. Key Company SWOT Analysis
9.1.1. Baker Hughes
9.1.2. Olympus Corporation
9.1.3. MISTRAS Group
9.2. Key Market Strategies
9.3. Company Profiles
9.3.1. Company Overview
9.3.2. Financial Insights
9.3.3. Product Portfolio
Chapter 10. Research Process
10.1. Research Methodology
10.2. Data Collection Techniques
10.3. Data Triangulation and Validation
10.4. Publishing Process
List of Tables
TABLE 1. Global Ultrasonic Testing Market: Report Scope
TABLE 2. Global Ultrasonic Testing Market Estimates & Forecasts by Region (2022-2032) (USD Million/Billion)
TABLE 3. Global Ultrasonic Testing Market Estimates & Forecasts by Type (2022-2032) (USD Million/Billion)
TABLE 4. Global Ultrasonic Testing Market Estimates & Forecasts by Application (2022-2032) (USD Million/Billion)
TABLE 5. Global Ultrasonic Testing Market Estimates & Forecasts by Industry Vertical (2022-2032) (USD Million/Billion)
TABLE 6. North America Ultrasonic Testing Market Estimates by Country (2022-2032) (USD Million/Billion)
TABLE 7. Europe Ultrasonic Testing Market Estimates by Country (2022-2032) (USD Million/Billion)
TABLE 8. Asia-Pacific Ultrasonic Testing Market Estimates by Country (2022-2032) (USD Million/Billion)
TABLE 9. Latin America Ultrasonic Testing Market Estimates by Country (2022-2032) (USD Million/Billion)
TABLE 10. Middle East & Africa Ultrasonic Testing Market Estimates by Country (2022-2032) (USD Million/Billion)
TABLE 11. SWOT Analysis: Baker Hughes
TABLE 12. SWOT Analysis: Olympus Corporation
TABLE 13. SWOT Analysis: MISTRAS Group
TABLE 14. Comparative Analysis of Key Players by Market Share (2023)
TABLE 15. Porter's Five Forces Analysis of the Ultrasonic Testing Market
TABLE 16. PESTEL Analysis of the Ultrasonic Testing Market
TABLE 17. Global Ultrasonic Testing Market Pricing Trends (2022-2032)
TABLE 18. Global Ultrasonic Testing Market Value Chain Analysis
TABLE 19. Key Investment Opportunities in the Ultrasonic Testing Market (2022-2032)
TABLE 20. Key Technology Innovations in the Ultrasonic Testing Market
This list is not complete; the final report contains more than 100 tables. The list may be updated in the final deliverable.
List of Figures
FIGURE 1. Global Ultrasonic Testing Market: Research Methodology
FIGURE 2. Global Ultrasonic Testing Market: Estimation Techniques
FIGURE 3. Global Ultrasonic Testing Market Size Estimates & Forecast Methods
FIGURE 4. Global Ultrasonic Testing Market: Key Trends (2023)
FIGURE 5. Global Ultrasonic Testing Market Growth Prospects (2022-2032)
FIGURE 6. Porter's Five Forces Analysis of the Ultrasonic Testing Market
FIGURE 7. PESTEL Analysis of the Ultrasonic Testing Market
FIGURE 8. Value Chain Analysis of the Ultrasonic Testing Market
FIGURE 9. Global Ultrasonic Testing Market by Type (2022 & 2032) (USD Million/Billion)
FIGURE 10. Global Ultrasonic Testing Market by Application (2022 & 2032) (USD Million/Billion)
FIGURE 11. Global Ultrasonic Testing Market by Industry Vertical (2022 & 2032) (USD Million/Billion)
FIGURE 12. North America Ultrasonic Testing Market Snapshot (2022-2032)
FIGURE 13. Europe Ultrasonic Testing Market Snapshot (2022-2032)
FIGURE 14. Asia-Pacific Ultrasonic Testing Market Snapshot (2022-2032)
FIGURE 15. Latin America Ultrasonic Testing Market Snapshot (2022-2032)
FIGURE 16. Middle East & Africa Ultrasonic Testing Market Snapshot (2022-2032)
FIGURE 17. SWOT Analysis: Baker Hughes
FIGURE 18. SWOT Analysis: Olympus Corporation
FIGURE 19. SWOT Analysis: MISTRAS Group
FIGURE 20. Regional Market Share Analysis of Ultrasonic Testing Market (2023)
FIGURE 21. Key Technology Trends in Ultrasonic Testing (2023)
FIGURE 22. Competitive Market Positioning of Key Players (2023)
This list is not complete; the final report contains more than 50 figures. The list may be updated in the final deliverable.

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