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Ultrasonic Testing Market by Type (Time-of- Flight Diffraction, Phased Array, Immersion Testing, Guided-Wave), Equipment (Flaw Detectors, Tube Inspection, Transducers & Probes, Bond testers), Service, Vertical, and Geography - Global Forecast to 2022

Ultrasonic Testing Market by Type (Time-of- Flight Diffraction, Phased Array, Immersion Testing, Guided-Wave), Equipment (Flaw Detectors, Tube Inspection, Transducers & Probes, Bond testers), Service, Vertical, and Geography - Global Forecast to 2022

The overall ultrasonic testing (UT) market is expected to reach USD 3.93 Billion by 2022, at a CAGR of 8.3% between 2016 and 2022. The key driving factors for the growth of the UT are the demand for reliable non-destructive testing technique for fiberglass and carbon fiber composites in manufacturing. Ultrasonic testing provides a complete and well-established technique for locating and documenting internal flaws. The sound waves are reflected from voids or cracks, changes in the echo pattern indicate changes in the internal structure of a part.

“Phased array ultrasonic testing expected to grow at a high rate in the overall UT market during the forecast period“
The market for phased array type of UT is estimated to grow at a high CAGR during the forecast period. The advantages of phased array UT techniques include the ability to perform electronic scanning of the ultrasonic beam and reduce inspection time by eliminating or reducing the need to move the probes. Furthermore, the phased array technology reduces the use of multiple elements to steer, focus, and scan beams with a single transducer assembly. The phased array UT optimizes defect detection and minimizes inspection time, thus this method is expected to grow at a faster rate than other types of UT techniques during the forecast period.

“The UT market for the power generation vertical is expected to grow at the highest CAGR”
The market for the power generation vertical is estimated to grow at a high CAGR during the forecast period. UT plays an important role in ensuring the safety of nuclear power plants in inspection during construction and whilst in-service. Additionally, developing economies such as India are investing in power grid infrastructure to expand their reach of electricity to almost every household.

“North America the largest market, whereas APAC to grow at the highest rate for UT market during the forecast period”

The UT market in North America is primarily driven by major infrastructure undertakings in verticals such as aerospace, power generation, and transportation in the U.S. The market in APAC is expected to grow at a high CAGR between 2016 and 2022. The growth of the UT market in APAC is because of the rapid infrastructural development. The market for NDT equipment is forecast to grow fast, driven primarily by major infrastructure advancements and automation in manufacturing processes in countries such as India and China.

The break-up of the profiles of primary participants for the report has been given below:
By Company Type: Tier 1 – 35%, Tier 2 – 45%, and Tier 3 – 20%
By Designation: C–Level Executives – 35%, Directors– 25%, Others – 40%
By Region: North America - 25%, Europe – 30%, APAC – 35%, RoW – 10%
The key players in the market include General Electric (U.S.), Olympus Corporation (Japan), Ashtead Technology Ltd. (U.K.), Mistras Group Inc. (U.S.), and TecScan Systems Inc. (Canada), Sonatest Ltd. (U.K.), Amerapex Corporation (U.S.), NDT Systems Inc. (U.S.), Applied Technical Services, Inc. (U.S.), and Sonotron NDT (Israel).

Objectives of the study
To define, describe, and forecast the ultrasonic testing market segmented on the basis of type, equipment, service, vertical, and geography
To provide detailed information regarding the major factors influencing the growth of the UT market (drivers, restraints, opportunities, and industry-specific challenges)
To provide a detailed overview of the value chain in the UT market and analyze the market trends with the Porter's five forces analysis
To forecast the market size, in terms of value, for various segments with respect to four main regions (along with their respective countries), namely, North America, Europe, Asia-Pacific, and Rest of the World

Target audience of the report:
Associations, organizations, and alliances related to NDT
Government bodies such as regulating authorities and policy makers
Original equipment manufacturers (OEMs)
Providers of ultrasonic testing services
Research organizations and consulting companies
Suppliers of related accessories for ultrasonic testing equipment
Ultrasonic testing equipment distributors and suppliers
Venture capitalists and private equity firms

Scope of the report:
This research report categorizes the global ultrasonic testing market on the basis of type, equipment, services, vertical, and geography.

Ultrasonic Testing Market, by Type:
Time of Flight Diffraction
Phased Array techniques
Ultrasonic Immersion Testing
Guided-Wave Ultrasonic
Ultrasonic Acoustography
Ultrasonic spectroscopy
Ultrasonic Testing Market, by Equipment:
Flaw Detectors
Thickness Gages
Transducers and Probes
Industrial Scanners Tube Inspection Systems
Bond testers
Imaging Systems
Ultrasonic Testing Market, by Service:
Inspection Services
Equipment Rental Services
Training
Calibration
Ultrasonic Testing Market, by Application:
Manufacturing
Oil & Gas
Aerospace
Government Infrastructure
Military & Defense
Railway Industry
Bridges and Tunnels
Automotive
Marine
Power Generation
Nuclear Power
Renewable Energy
Fossil Fuel
Ultrasonic Testing Market, by Geography:
North America
Europe
Asia-Pacific (APAC)
Rest of the World (RoW)


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • STUDY SCOPE
      • MARKETS COVERED
      • GEOGRAPHIC SCOPE
      • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • INTRODUCTION
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • MARKET BREAKDOWN & DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • LUCRATIVE OPPORTUNITIES IN THE ULTRASONIC TESTING MARKET
    • ULTRASONIC TESTING MARKET - COMPARISON OF GROWTH PATTERN OF ULTRASONIC TESTING SERVICES
    • MARKET SHARE OF MARJOR COUNTRIES, 2015
    • ULTRASONIC TESTING MARKET, BY EQUIPMENT
    • ULTRASONIC TESTING MARKET, BY TYPE
    • ULTRASONIC TESTING MARKET, BY REGION
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET SEGMENTATION
      • ULTRASONIC TESTING MARKET, BY TYPE
      • ULTRASONIC TESTING MARKET, BY EQUIPMENT
      • ULTRASONIC TESTING MARKET, BY SERVICE
      • ULTRASONIC TESTING MARKET, BY VERTICAL
      • ULTRASONIC TESTING MARKET, BY GEOGRAPHY
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGE
  • INDUSTRY TRENDS
    • VALUE CHAIN ANALYSIS
    • PORTER'S FIVE FORCES ANALYSIS
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTES
      • BARGAINING POWER OF SUPPLIERS
      • BARGAINING POWER OF BUYERS
      • INTENSITY OF RIVALRY
  • MARKET, BY TYPE
    • INTRODUCTION
      • Table ULTRASONIC TESTING MARKET, BY TYPE, 2013-2022 (USD MILLION)
    • TIME-OF-FLIGHT DIFFRACTION
    • PHASED ARRAY
    • IMMERSION TESTING
    • GUIDED-WAVE TESTING
    • ACOUSTOGRAPHY
    • OTHERS
  • MARKET, BY EQUIPMENT
    • INTRODUCTION
      • Table ULTRASONIC TESTING MARKET, BY EQUIPMENT, 2013-2022 (USD MILLION)
      • Table ULTRASONIC TESTING MARKET FOR EQUIPMENT, BY REGION, 2013-2022 (USD MILLION)
    • FLAW DETECTORS
      • Table ULTRASONIC TESTING MARKET FOR FLAW DETECTORS, BY VERTICAL, 2013-2022 (USD MILLION)
      • Table ULTRASONIC TESTING MARKET FOR FLAW DETECTORS, BY REGION, 2013-2022 (USD MILLION)
    • THICKNESS GAUGES
      • Table ULTRASONIC TESTING MARKET FOR THICKNESS GAUGES, BY VERTICAL, 2013-2022 (USD MILLION)
      • Table ULTRASONIC TESTING MARKET FOR THICKNESS GAUGES, BY REGION, 2013-2022 (USD MILLION)
    • TRANSDUCERS & PROBES
      • Table ULTRASONIC TESTING MARKET FOR TRANSDUCERS & PROBES, BY VERTICAL, 2013-2022 (USD MILLION)
      • Table ULTRASONIC TESTING MARKET SIZE FOR TRANSDUCERS & PROBES, BY REGION, 2013-2022 (USD MILLION)
    • INDUSTRIAL SCANNERS
      • Table ULTRASONIC TESTING MARKET SIZE FOR INDUSTRIAL SCANNERS, BY VERTICAL, 2013-2022 (USD MILLION)
      • Table ULTRASONIC TESTING MARKET SIZE FOR INDUSTRIAL SCANNERS, BY REGION, 2013-2022 (USD MILLION)
    • TUBE INSPECTION SYSTEMS
      • Table ULTRASONIC TESTING MARKET FOR TUBE INSPECTION SYSTEMS, BY VERTICAL, 2013-2022 (USD MILLION)
      • Table ULTRASONIC TESTING MARKET FOR TUBE INSPECTION SYSTEMS, BY REGION, 2013-2022 (USD MILLION)
    • BOND TESTERS
      • Table ULTRASONIC TESTING MARKET FOR BOND TESTERS, BY VERTICAL, 2013-2022 (USD MILLION)
      • Table ULTRASONIC TESTING MARKET FOR BOND TESTERS, BY REGION, 2013-2022 (USD MILLION)
    • IMAGING SYSTEMS
      • Table ULTRASONIC TESTING MARKET FOR IMAGING SYSTEMS, BY VERTICAL, 2013-2022 (USD MILLION)
      • Table ULTRASONIC TESTING MARKET FOR IMAGING SYSTEMS, BY REGION, 2013-2022 (USD MILLION)
    • OTHERS
      • Table ULTRASONIC TESTING MARKET FOR OTHER EQUIPMENT, BY VERTICAL, 2013-2022 (USD MILLION)
      • Table ULTRASONIC TESTING MARKET FOR OTHER EQUIPMENT, BY REGION, 2013-2022 (USD MILLION)
  • MARKET, BY SERVICE
    • INTRODUCTION
      • Table ULTRASONIC TESTING MARKET, BY SERVICE, 2013-2022 (USD MILLION)
    • INSPECTION SERVICES
      • Table ULTRASONIC TESTING MARKET FOR INSPECTION SERVICES, BY VERTICAL, 2013-2022 (USD MILLION)
      • Table ULTRASONIC TESTING MARKET FOR INSPECTION SERVICES, BY REGION, 2013-2022 (USD MILLION)
    • EQUIPMENT RENTAL SERVICES
      • Table ULTRASONIC TESTING MARKET FOR EQUIPMENT RENTAL SERVICES, BY VERTICAL, 2013-2022 (USD MILLION)
      • Table ULTRASONIC TESTING MARKET FOR EQUIPMENT RENTAL SERVICES, BY REGION, 2013-2022 (USD MILLION)
    • CALIBRATION SERVICES
      • Table ULTRASONIC TESTING MARKET FOR CALIBRATION SERVICES, BY VERTICAL, 2013-2022 (USD MILLION)
      • Table ULTRASONIC TESTING MARKET FOR CALIBRATION SERVICES, BY REGION, 2013-2022 (USD MILLION)
    • TRAINING SERVICES
      • Table ULTRASONIC TESTING MARKET FOR TRAINING SERVICES, BY VERTICAL, 2013-2022 (USD MILLION)
      • Table ULTRASONIC TESTING MARKET FOR TRAINING SERVICES , BY REGION, 2013-2022 (USD MILLION)
  • MARKET, BY VERTICAL
    • INTRODUCTION
      • Table ULTRASONIC TESTING MARKET, BY VERTICAL, 2013-2022 (USD MILLION)
      • Table ULTRASONIC TESTING MARKET FOR EQUIPMENT, BY VERTICAL, 2013-2022 (USD MILLION)
      • Table ULTRASONIC TESTING MARKET FOR SERVICES, BY VERTICAL, 2013-2022 (USD MILLION)
    • MANUFACTURING
      • Table ULTRASONIC TESTING MARKET FOR MANUFACTURING VERTICAL, BY EQUIPMENT, 2013-2022 (USD MILLION)
      • Table ULTRASONIC TESTING MARKET FOR MANUFACTURING VERTICAL, BY SERVICE, 2013-2022 (USD MILLION)
    • OIL & GAS
      • REFINING
      • SUBSEA PIPELINES
      • STORAGE TANKS
        • Table ULTRASONIC TESTING MARKET FOR OIL & GAS VERTICAL, BY EQUIPMENT, 2013-2022 (USD MILLION)
        • Table ULTRASONIC TESTING MARKET FOR OIL & GAS VERTICAL, BY SERVICE, 2013-2022 (USD MILLION)
    • AEROSPACE
      • AIRCRAFT ENGINE PART PRODUCTION TO BE THE KEY APPLICATION AREA OF UT
      • AIRPLANE MAINTENANCE APPLICATONS
        • Table ULTRASONIC TESTING MARKET FOR AEROSPACE VERTICAL, BY EQUIPMENT, 2013-2022 (USD MILLION)
        • Table ULTRASONIC TESTING MARKET FOR AEROSPACE VERTICAL, BY SERVICE, 2013-2022 (USD MILLION)
    • GOVERNMENT INFRASTRUCTURE
      • MILITARY & DEFENSE
      • RAILWAYS INDUSTRY
      • BRIDGES AND TUNNELS
        • Table ULTRASONIC TESTING MARKET FOR GOVERNEMENT INFRASTRUCTURE VERTICAL, BY EQUIPMENT, 2013-2022 (USD MILLION)
        • Table ULTRASONIC TESTING MARKET FOR GOVERNEMENT INFRASTRUCTURE VERTICAL, BY SERVICE, 2013-2022 (USD MILLION)
    • AUTOMOTIVE
      • Table ULTRASONIC TESTING MARKET FOR AUTOMOTIVE VERTICAL, BY EQUIPMENT, 2013-2022 (USD MILLION)
      • Table ULTRASONIC TESTING MARKET FOR AUTOMOTIVE VERTICAL, BY SERVICE, 2013-2022 (USD MILLION)
    • POWER GENERATION
      • NUCLEAR POWER DRIVES THE GROWTH OF UT IN THE POWER GENERATION
      • RENEWABLE ENERGY
      • FOSSIL FUEL ENERGY
        • Table ULTRASONIC TESTING MARKET FOR POWER GENERATION VERTICAL, BY EQUIPMENT, 2013-2022 (USD MILLION)
        • Table ULTRASONIC TESTING MARKET FOR POWER GENERATION VERTICAL, BY SERVICE 2013-2022 (USD MILLION)
    • MARINE
      • Table ULTRASONIC TESTING MARKET FOR MARINE VERTICAL, BY EQUIPMENT, 2013-2022 (USD MILLION)
      • Table ULTRASONIC TESTING MARKET SIZE FOR MARINE VERTICAL, BY SERVICE, 2013-2022 (USD MILLION)
    • OTHERS
      • HEALTHCARE
      • PLASTIC AND POLYMER
        • Table ULTRASONIC TESTING MARKET FOR OTHER VERTICALS, BY EQUIPMENT, 2013-2022 (USD MILLION)
        • Table ULTRASONIC TESTING MARKET FOR OTHER VERTICALS, BY SERVICE, 2013-2022 (USD MILLION)
  • MARKET, BY GEOGRAPHY
    • INTRODUCTION
      • Table ULTRASONIC TESTING MARKET, BY REGION, 2013-2022 (USD MILLION)
      • Table ULTRASONIC TESTING MARKET FOR EQUIPMENT, BY REGION, 2013-2022 (USD MILLION)
      • Table ULTRASONIC TESTING MARKET FOR SERVICES, BY REGION, 2013-2022 (USD MILLION)
    • NORTH AMERICA
      • Table ULTRASONIC TESTING MARKET IN NORTH AMERICA, BY COUNTRY, 2013-2022 (USD MILLION)
      • Table ULTRASONIC TESTING MARKET IN NORTH AMERICA, BY EQUIPMENT, 2013-2022 (USD MILLION)
      • Table ULTRASONIC TESTING MARKET IN NORTH AMERICA, BY SERVICE, 2013-2022 (USD MILLION)
      • U.S.
      • CANADA
      • MEXICO
    • EUROPE
      • Table ULTRASONIC TESTING MARKET IN EUROPE, BY COUNTRY, 2013-2022 (USD MILLION)
      • Table ULTRASONIC TESTING MARKET IN EUROPE, BY EQUIPMENT, 2013-2022 (USD MILLION)
      • Table ULTRASONIC TESTING MARKET IN EUROPE, BY SERVICE, 2013-2022 (USD MILLION)
      • U.K.
      • GERMANY
      • FRANCE
      • ITALY
      • REST OF EUROPE
    • ASIA-PACIFIC
      • Table ULTRASONIC TESTING MARKET IN APAC, BY COUNTRY, 2013-2022 (USD MILLION)
      • Table ULTRASONIC TESTING MARKET IN APAC, BY EQUIPMENT, 2013-2022 (USD MILLION)
      • Table ULTRASONIC TESTING MARKET IN APAC, BY SERVICE, 2013-2022 (USD MILLION)
      • CHINA
      • JAPAN
      • INDIA
      • REST OF APAC
    • REST OF THE WORLD
      • Table ULTRASONIC TESTING MARKET IN ROW, BY REGION, 2013-2022 (USD MILLION)
      • Table ULTRASONIC TESTING MARKET IN ROW, BY EQUIPMENT, 2013-2022 (USD MILLION)
      • Table ULTRASONIC TESTING MARKET IN ROW, BY SERVICE, 2013-2022 (USD MILLION)
      • SOUTH AMERICA
      • MIDDLE EAST
      • AFRICA
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • MARKET RANKING ANALYSIS
      • Table MARKET RANKING, 2015
    • COMPETITIVE SITUATION AND TRENDS
      • NEW PRODUCT LAUNCHES
        • Table NEW PRODUCT LAUNCHES, 2013-2016
      • CONTRACTS, PARTNERSHIPS, PROJECTS, AND EXPANSIONS
        • Table CONTRACTS, PARTNERSHIPS, PARTNERSHIPS, AND EXPANSIONS, 2013-2016
      • MERGERS & ACQUISITIONS
        • Table MERGERS & ACQUISITIONS, 2013-2016
  • COMPANY PROFILE
    • INTRODUCTION
    • MISTRAS GROUP, INC.
      • BUSINESS OVERVIEW
      • PRODUCTS & SERVICES
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • OLYMPUS CORPORATION
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • GENERAL ELECTRIC CO.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • SONATEST LTD.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • AMERAPEX CORPORATION
      • BUSINESS OVERVIEW
      • SERVICES OFFERED
    • SONOTRON NDT
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • TECSCAN SYSTEMS INC.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • ASHTEAD TECHNOLOGY
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • NDT SYSTEMS INC.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • APPLIED TECHNICAL SERVICES, INC.
      • BUSINESS OVERVIEW
      • SERVICES OFFERED
  • APPENDIX
    • INSIGHTS OF INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS

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