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Global Non-Destructive Testing Inspection Services Market, Forecast to 2022

Global Non-Destructive Testing Inspection Services Market, Forecast to 2022

The non-destructive testing (NDT) inspection services market rebounded in 2017 after two years of negative growth. It is expected to transform over the next five years with the advent of new technologies, changing customer requirements regarding connectivity and analytics features, and novel business models. The market was worth $8.79 billion in 2017, and is expected to reach $10.71 billion by 2022 at a CAGR of 4.0%.The recovery of oil & gas prices, stricter government regulations for testing, and technology advancements such as data analytics have prompted service providers to alter their roadmaps. This study identifies key growth opportunities while detailing the challenges and possible threats. The forecast period is from 2018 to 2022, with 2017 as the base year.

Research Scope
The current market size for 2017 and forecasts till 2022 is provided for each of the following segments:
Technology Segments:
Ultrasonic
Radiography
Electromagnetic
Visual Inspection
Penetrant Test

End-user Verticals:
Oil & Gas
Power Generation
Aerospace
Automotive
Railways
Manufacturing & Process Industries
Others (Ship-building, Construction, and Infrastructure)
Geography Regions:
North America
Europe
Asia Pacific
Rest of World - Includes Latin America, Middle East, and Africa

Key Issues Addressed
Is the NDT inspection services market growing, how long will it continue to grow for, and at what rate?
What are the key growth drivers and restraints for the market? Are there any potential future challenges that could restrict the growth of this market?
Who are the leading participants and what are their market shares? How has the oil price drops affected the NDT inspection services market and what does the future look like?
Which regions are expected to have the highest growth potential? Can North America maintain its position as a key revenue contributor in the face of rising global competition?
What is the impact of convergence technologies such as connectivity and predictive analytics? How do these influence innovative business models?
Which applications and industries will drive the demand for the NDT inspection services market? Will the traditional end-user segments continue to be the largest revenue generators?


  • Executive Summary
    • Key Findings
    • Market Engineering Measurements
    • CEO's Perspective
  • Market Overview
    • Market Definitions
    • Key Questions this Study will Answer
    • Market Segmentation
  • Drivers and Restraints-Total NDT Inspection Services Market
    • Market Drivers
    • Drivers Explained
    • Market Restraints
    • Restraints Explained
  • Forecasts and Trends-Total NDT Inspection Services Market
    • Market Engineering Measurements
      • Table Total NDT Inspection Services Market: Market Engineering Measurements, Global, 2017
    • Forecast Assumptions-Oil Price Volatility Analysis
    • Forecast Assumptions
    • Revenue Forecast
      • Table Total NDT Inspection Services Market: Revenue Forecast, Global, 2015-2022
    • Revenue Forecast Discussion
    • Percent Revenue Forecast by Region
      • Table Total NDT Inspection Services Market: Percent Revenue Forecast by Region, Global, 2015-2022
    • Revenue Forecast by Region
      • Table Total NDT Inspection Services Market: Revenue Forecast by Region, Global, 2015-2022
    • Revenue Forecast Discussion by Region
    • Percent Revenue Forecast by Technology
      • Table Total NDT Inspection Services Market: Percent Revenue Forecast by Technology, Global, 2015-2022
    • Revenue Forecast by Technology
      • Table Total NDT Inspection Services Market: Revenue Forecast by Technology, Global, 2015-2022
    • Revenue Forecast Discussion by Technology
    • Revenue Forecast by Vertical Market
      • Table Total NDT Inspection Services Market: Revenue Forecast by Vertical Market, Global, 2015-2022
    • Revenue Forecast Discussion by Vertical Market
  • Market Share and Competitive Analysis-Total NDT Inspection Services Market
    • Market Share
    • Market Share Analysis
      • Table Total NDT Inspection Services Market: Company Market Share Analysis of Top 7 Participants, Global, 2017
    • Competitive Environment
    • Competitive Factors and Assessment
  • Growth Opportunities and Companies to Action
    • Transformation in NDT Inspection Services Industry Ecosystem
    • Growth Opportunity-Technology Advancement
    • 5 Major Growth Opportunities for NDT Equipment
    • Strategic Imperatives for Success and Growth
  • Mega Trends and Industry Convergence Implications
    • Impact of Mega Trends on the Non-Destructive Test Equipment Market
  • Connectivity and Convergence Implications
    • Connectivity and Convergence
    • Big Data Analytics
    • Opportunities in Big Data and Prescriptive Analytics
    • Evolution of Big Data in NDT Applications
    • Prescriptive Analytics-The Next Evolution
    • Industry 4.0
    • Artificial Intelligence-Incorporating Robots in the Workflow
    • Drone Inspection
  • NDT Inspection Services 2.0 and Future Scenarios
    • Major Shifts Affecting Markets for Next Decade
    • Industry 4.0 Disrupting NDT Services and Future Vision
    • Impact of Digital Technologies in NDT Inspection Services
    • Implications and Replacement of Periodic Inspection with Permanent NDT Inspection Services
    • NDT Inspection Services and New Business Models
    • Reshaping the NDT Inspection Services Value Proposition
    • NDT Services 2.0 Enablers Landscape
  • The Last Word
    • The Last Word-3 Big Predictions
  • Appendix
    • Market Engineering Methodology
    • List of Companies in "Others"
    • Partial List of Companies Interviewed
    • Learn More-Next Steps

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