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Global Ultrasonic NDT Equipment Market 2016-2020

Global Ultrasonic NDT Equipment Market 2016-2020

About Ultrasonic NDT Equipment

Ultrasonic is one of the types of NDT equipment. NDT is a method of finding discontinuity in a test material without harming the material. Ultrasonic equipment uses high-frequency sound energy to conduct examinations and make measurements. The frequency used for ultrasonic testing is in the range of 500 KHz to 20 MHz. Ultrasonic testing equipment also examines the internal structure or thickness of the material and helps to detect discontinuity within the test material. It is widely used in the oil and gas, power generation, aerospace and defense, automobile, and fabrication industries. High accuracy, reliability, reproduction of output, material characterization, no potential health hazards, and no damage to the test material are some of the advantages of ultrasonic NDT equipment.

Technavio’s analysts forecast the global ultrasonic NDT equipment market to grow at a CAGR of 5.89% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global ultrasonic NDT equipment market for 2016-2020. To calculate the market size, the report covers the present scenario and the growth prospects of the global ultrasonic NDT equipment market for the period 2015-2020.

The market is divided into the following segments based on geography:

  • APAC
  • Europe
  • North America
  • ROW
Technavio's report, Global Ultrasonic NDT Equipment Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • GE Inspection Technologies
  • Olympus
  • Sonatest
Other prominent vendors
  • Danatronics
  • Eddyfi
  • James Instruments
  • NDT Systems
  • PaR Systems
  • Qualitest International
  • Trinity NDT
Market driver
  • Emergence of new avenues for natural gas market.
  • For a full, detailed list, view our report
Market challenge
  • Necessity for price-sensitive and multiple technology solutions.
  • For a full, detailed list, view our report
Market trend
  • Ultrasonic testing for case-hardened components and laser-welded tailored blanks.
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Ultrasonic NDT Equipment Market 2016-2020

Technavio recognizes the following companies as the key players in the global ultrasonic NDT equipment market: GE Inspection Technologies, Olympus, and Sonatest.

Other prominent vendors in the market are: Danatronics, Eddyfi, James Instruments, NDT Systems, PaR Systems, Qualitest International, and Trinity NDT.

Commenting on the report, an analyst from Technavio’s team said: “One of latest trends in the market is ultrasonic testing for case-hardened components and laser-welded tailored blanks. Case-hardened components testing is used widely in the automobile industry, including for camshafts, ball bearings, crankshafts, and roller bearings, which require tight tolerance limits. The ultrasonic testing can be either implemented in a process integrated NDT unit, or can be installed in post-process testing systems. This inexpensive NDT method has led to a reduction in the high cost of material, and also a reduction in production line downtime, which is involved in the testing processes.”

According to the report, one of the primary drivers in the market is expanding aerospace and defense sector. The aerospace and defense sector uses ultrasonic testing equipment for frequent testing of the welds in joined structural steel parts and materials. The global aerospace and defense sector is expected to witness moderate growth during the forecast period. Technavio expects the industry to grow by 3.12% in 2016. During the past few years, the global aerospace and defense industry witnessed a continuous decline in revenue growth, which registered 3.1% in 2013, 1.89% in 2014, and 0.61% in 2015.

Further, the report states that one major challenge in the market is necessity for price-sensitive and multiple technology solutions. Advances in technology have encouraged companies to invest in innovative products, thus increasing market competitiveness. Evolving consumer preferences have increased the need for investments in product development. A majority of ultrasonic NDT equipment vendors are dependent on raw materials from China to manufacture their products. The increase in raw material costs and import duties imposed by governments worldwide have increased the production cost of ultrasonic NDT equipment.



Companies Mentioned

GE Inspection Technologies, Olympus, Sonatest, Danatronics, Eddyfi, James Instruments, NDT Systems, PaR Systems, Qualitest International, Trinity NDT.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
      • Table Key countries in each region
    • Top vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
      • Table Global ultrasonic NDT equipment market
    • Market size and forecast
      • Table Global ultrasonic NDT equipment market by products 2015
      • Table Global ultrasonic NDT equipment market 2015-2020 ($ millions)
      • Table Global cumulative wind installed capacity 2015-2020 (GW)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by end-user
    • Market overview
      • Table Global ultrasonic NDT equipment market by end-users 2015 and 2020 ($ millions)
    • Oil and gas industry
      • Table Global ultrasonic NDT equipment market in oil and gas industry 2015-2020 ($ millions)
      • Table Pipeline transportation
      • Table Road tanker transportation
      • Table Rail car transportation
    • Power generation
      • Table Global ultrasonic NDT equipment market in power generation 2015-2020 ($ millions)
      • Table Global power outlook
      • Table Source of global power consumption 2014
      • Table Benefits of nuclear power
      • Table Upcoming nuclear plants
    • Aerospace and defense sector
      • Table Global ultrasonic NDT equipment market in aerospace and defense sector 2015-2020 ($ millions)
      • Table Global commercial aircraft delivery 2015-2034
    • Automotive and transportation industry
      • Table Global ultrasonic NDT equipment market in automotive and transportation industry 2015-2020 ($ millions)
  • Geographical segmentation
    • Market overview
      • Table Global ultrasonic NDT equipment market by geography 2015-2020 ($ millions)
    • North America
      • Table Ultrasonic NDT equipment market in the North America 2015-2020 ($ millions)
    • Europe
      • Table Ultrasonic NDT equipment market in Europe 2015-2020 ($ millions)
    • APAC
      • Table Ultrasonic NDT equipment market in APAC 2015-2020 ($ millions)
      • Table Expected cumulative transport infrastructure investments until 2025 in APAC ($ trillions)
  • Market drivers
    • Expanding aerospace and defense sector
      • Table Major drivers for aerospace and defense sector
      • Table Global air traffic 2004-2016 (growth %)
      • Table In-service aircraft reaching 25 years of service life 2015-2025
    • Growth in wind energy market
      • Table Global cumulative wind installed capacity 2015-2020 (GW)
      • Table Global cumulative offshore wind installation capacity 2006-2015 (MW)
    • Emergence of new avenues for natural gas market
      • Table Shifting bases of hydrocarbon exploration
  • Market challenges
    • Necessity for price-sensitive and multiple technology solutions
      • Table Important factors for vendors to sustain in global ultrasonic NDT equipment market
    • Lack of skilled manpower
    • Approval of different standards to use new technology
    • Rise in pipeline sabotage threats
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Ultrasonic testing for case-hardened components and laserwelded tailored blanks
      • Table Global automotive industry 2008, 2013, and 2018
    • Growth in electrical vehicle sales
      • Table US PHEV car sales 2011-2016
      • Table Global EV sales outlook 2011-2020 (millions of units)
    • Use of phased array equipment in lieu of radiography
    • Miniaturization and need for customization of ultrasonic NDT equipment
  • Vendor landscape
    • Competitive scenario
      • Table Geographical presence of key vendors
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • GE Inspection Technologies
      • Table GE Inspection Technologies: Business segmentation
      • Table GE Inspection Technology: NDT equipment portfolio
    • Olympus
      • Table Olympus: Ultrasonic NDT equipment portfolio
    • Sonatest
      • Table Sonatest: Product end-users and applications
      • Table Sonatest: Product portfolio
  • Appendix
    • List of abbreviations
  • Explore Technavio

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