Global Nondestructive Testing (NDT) Equipment Market 2021-2025

Global Nondestructive Testing Equipment Market 2021-2025

Technavio has been monitoring the nondestructive testing equipment market and it is poised to grow by $ 6.14 bn during 2021-2025, progressing at a CAGR of 10% during the forecast period. Our reports on nondestructive testing equipment market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increase in number of oil and gas and power generation projects and growing demand for RVI in aerospace industry. In addition, increase in number of oil and gas and power generation projects is anticipated to boost the growth of the market as well.

The nondestructive testing equipment market analysis includes product segment, end-user segment and geographical landscapes.

Technavio's nondestructive testing equipment market is segmented as below:

By Product

  • Ultrasonic
  • Radiography
  • Visual
  • Others
By End-user
  • Oil and gas
  • Power generation
  • Aerospace
  • Automotive
  • Others
By Geographical Landscapes
  • North America
  • Europe
  • APAC
  • MEA
  • South America
This study identifies growing regulatory compliance requirements for preventing accidents as one of the prime reasons driving the nondestructive testing equipment market growth during the next few years.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on nondestructive testing equipment market covers the following areas:
  • Nondestructive testing equipment market sizing
  • Nondestructive testing equipment market forecast
  • Nondestructive testing equipment market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading nondestructive testing equipment market vendors that include Carl Zeiss AG, Eddyfi NDT Inc., FUJIFILM Holdings Corp., General Electric Co., Illinois Tool Works Inc., Mistras Group Inc., Nikon Corp., Olympus Corp., Roper Technologies Inc., and YXLON International GmbH. Also, the nondestructive testing equipment market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.


  • Executive Summary
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Market characteristics
    • Value chain analysis
      • Table Value chain analysis - Industrial machinery
      • Inputs
      • Inbound logistics
      • Operations
      • Outbound logistics
      • Marketing and sales
      • Aftermarket and service
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025
      • Estimating growth rates for emerging and high-growth markets
      • Estimating growth rates for mature markets
        • Table Global - Market size and forecast 2020 - 2025 ($ billion)
        • Table Global market: Year-over-year growth 2020 - 2025 (%)
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis 2020 & 2025
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2020
  • Market Segmentation by Product
    • Market segments
      • Table Product - Market share 2020-2025 (%)
    • Comparison by Product
      • Table Comparison by Product
    • Ultrasonic testing equipment - Market size and forecast 2020-2025
      • Table Ultrasonic testing equipment - Market size and forecast 2020-2025 ($ billion)
      • Table Ultrasonic testing equipment - Year-over-year growth 2020-2025 (%)
    • Radiography testing equipment - Market size and forecast 2020-2025
      • Table Radiography testing equipment - Market size and forecast 2020-2025 ($ billion)
      • Table Radiography testing equipment - Year-over-year growth 2020-2025 (%)
    • Visual testing equipment - Market size and forecast 2020-2025
      • Table Visual testing equipment - Market size and forecast 2020-2025 ($ billion)
      • Table Visual testing equipment - Year-over-year growth 2020-2025 (%)
    • Others - Market size and forecast 2020-2025
      • Table Others - Market size and forecast 2020-2025 ($ billion)
      • Table Others - Year-over-year growth 2020-2025 (%)
    • Market opportunity by Product
      • Table Market opportunity by Product
  • Market Segmentation by End-user
    • Market segments
      • Table End-user - Market share 2020-2025 (%)
    • Comparison by End-user
      • Table Comparison by End-user
    • Oil and gas - Market size and forecast 2020-2025
      • Table Oil and gas - Market size and forecast 2020-2025 ($ billion)
      • Table Oil and gas - Year-over-year growth 2020-2025 (%)
    • Power generation - Market size and forecast 2020-2025
      • Table Power generation - Market size and forecast 2020-2025 ($ billion)
      • Table Power generation - Year-over-year growth 2020-2025 (%)
    • Aerospace - Market size and forecast 2020-2025
      • Table Aerospace - Market size and forecast 2020-2025 ($ billion)
      • Table Aerospace - Year-over-year growth 2020-2025 (%)
    • Automotive - Market size and forecast 2020-2025
      • Table Automotive - Market size and forecast 2020-2025 ($ billion)
      • Table Automotive - Year-over-year growth 2020-2025 (%)
    • Others - Market size and forecast 2020-2025
      • Table Others - Market size and forecast 2020-2025 ($ billion)
      • Table Others - Year-over-year growth 2020-2025 (%)
    • Market opportunity by End-user
      • Table Market opportunity by End-user
  • Customer landscape
    • Table Customer landscape
  • Geographic Landscape
    • Geographic segmentation
      • Table Market share by geography 2020-2025 (%)
    • Geographic comparison
      • Table Geographic comparison
    • North America - Market size and forecast 2020- 2025
      • Table North America - Market size and forecast 2020-2025 ($ billion)
      • Table North America - Year-over-year growth 2020-2025 (%)
    • Europe - Market size and forecast 2020-2025
      • Table Europe - Market size and forecast 2020-2025 ($ billion)
      • Table Europe - Year-over-year growth 2020-2025 (%)
    • APAC - Market size and forecast 2020-2025
      • Table APAC - Market size and forecast 2020-2025 ($ billion)
      • Table APAC - Year-over-year growth 2020-2025 (%)
    • MEA - Market size and forecast 2020-2025
      • Table MEA - Market size and forecast 2020-2025 ($ billion)
      • Table MEA - Year-over-year growth 2020-2025 (%)
    • South America - Market size and forecast 2020- 2025
      • Table South America - Market size and forecast 2020-2025 ($ billion)
      • Table South America - Year-over-year growth 2020-2025 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity by geography
      • Table Market opportunity by geography ($ billion)
  • Drivers, Challenges, and Trends
    • Market drivers
      • Increase in number of oil and gas and power generation projects
      • Growing regulatory compliance requirements for preventing accidents
      • Growing demand for RVI in aerospace industry
    • Market challenges
      • Growing availability of pre-used variants of NDT equipment
      • Growing dependence on third-party service providers for NDT
      • Stringent regulations on NDT
        • Table Impact of drivers and challenges
    • Market trends
      • Rising demand for ultrasonic testing equipment
      • Advent of new types of materials
      • Growing demand for NDT in AM
  • Vendor Landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
      • Table Industry risks
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Carl Zeiss AG
      • Table Carl Zeiss AG - Overview
      • Table Carl Zeiss AG - Business segments
      • Table Carl Zeiss AG - Key news
      • Table Carl Zeiss AG - Key offerings
      • Table Carl Zeiss AG - Segment focus
    • Eddyfi NDT Inc.
      • Table Eddyfi NDT Inc. - Overview
      • Table Eddyfi NDT Inc. - Product and service
      • Table Eddyfi NDT Inc. - Key news
      • Table Eddyfi NDT Inc. - Key offerings
    • FUJIFILM Holdings Corp.
      • Table FUJIFILM Holdings Corp. - Overview
      • Table FUJIFILM Holdings Corp. - Business segments
      • Table FUJIFILM Holdings Corp. - Key news
      • Table FUJIFILM Holdings Corp. - Key offerings
      • Table FUJIFILM Holdings Corp. - Segment focus
    • General Electric Co.
      • Table General Electric Co. - Overview
      • Table General Electric Co. - Business segments
      • Table General Electric Co. - Key news
      • Table General Electric Co. - Key offerings
      • Table General Electric Co. - Segment focus
    • Illinois Tool Works Inc.
      • Table Illinois Tool Works Inc. - Overview
      • Table Illinois Tool Works Inc. - Business segments
      • Table Illinois Tool Works Inc. - Key offerings
      • Table Illinois Tool Works Inc. - Segment focus
    • Mistras Group Inc.
      • Table Mistras Group Inc. - Overview
      • Table Mistras Group Inc. - Business segments
      • Table Mistras Group Inc. - Key news
      • Table Mistras Group Inc. - Key offerings
      • Table Mistras Group Inc. - Segment focus
    • Nikon Corp.
      • Table Nikon Corp. - Overview
      • Table Nikon Corp. - Business segments
      • Table Nikon Corp. - Key news
      • Table Nikon Corp. - Key offerings
      • Table Nikon Corp. - Segment focus
    • Olympus Corp.
      • Table Olympus Corp. - Overview
      • Table Olympus Corp. - Business segments
      • Table Olympus Corp. - Key news
      • Table Olympus Corp. - Key offerings
      • Table Olympus Corp. - Segment focus
    • Roper Technologies Inc.
      • Table Roper Technologies Inc. - Overview
      • Table Roper Technologies Inc. - Business segments
      • Table Roper Technologies Inc. - Key news
      • Table Roper Technologies Inc. - Key offerings
      • Table Roper Technologies Inc. - Segment focus
    • YXLON International GmbH
      • Table YXLON International GmbH - Overview
      • Table YXLON International GmbH - Product and service
      • Table YXLON International GmbH - Key news
      • Table YXLON International GmbH - Key offerings
  • Appendix
    • Scope of the report
      • Market definition
      • Objectives
      • Notes and caveats
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research Methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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