Table of Contents
Laser NDT, Guided Wave Testing, and Advanced Eddy Current Testing are the Industry's Future
The global emerging and nontraditional nondestructive testing (NDT) equipment market has been broken down into 3 technology segments; laser-based NDT, guided wave testing, and advanced eddy current testing. This market insight provides an overview of the current trends affecting these market segments, the size of each segment, its potential, and its competitive environment. Definitions and brief histories, drivers and restraints, and market engineering measurements are provided for each technology.
The nondestructive testing (NDT) industry is characterized by a slow rate of technological
change. Industry research has found that it takes a technology to years after its
invention to become a commercial success. Some technologies may take less time,
depending on their criticality and need.
A number of factors inhibit adoption of new NDT technologies, such as an inherent
conservative nature of the end users, an unwillingness to shift from a tried and tested
technology, and the need to comply with standards and codes. The key among these is the
need to comply with standards and codes. Research indicates that new technologies often
offer significant cost savings and benefits regarding reliability of inspection, but the lack of a
standard or code prevents large-scale adoption.
Frost & Sullivan’s research in the emerging and nontraditional NDT equipment market has
found that this trend is changing, with newer technologies being accepted at a faster pace.
This is apparent with the adoption of guided wave testing. The first patent for NDT
applications was granted in 1994, and the technology gained wide-scale adoption in 2006.
Considering an industry average of to years, this was extremely fast. Research also
shows that other new technologies in their early adoption phase are expected to reach the
early majority phase over the next years.
Get Industry Insights. Simply.
Talk to Ahmad
+1 718 618 4302
“The non-destructive testing market is projected to grow at a CAGR of 8.24% from 2016 to 2022” The non-destructive testing market is estimated to be USD 15.06 billion in 2016 and is projected to reach ...
According to Stratistics MRC, the Global Non-Destructive Testing Equipment Market is valued at $6.1 billion in 2015 and is expected to reach $13.8 billion by 2022 growing at a CAGR of 12.3% from 2015 to ...
The global Non-Destructive Testing (NDT) market is projected to reach USD 863.46 million by the end of 2020 from USD 557.26 million in 2015, growing at a CAGR of 9.15%. Non-destructive testing assesses ...