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  4. > Impact of Mega Trends on the Mechanical Test Market : Macro to Micro Implications of Global Mega Trends

Overview

Nondestructive Testing (NDT)
Includes equipment and services. Technologies considered are ultrasonic, radiography, electromagnetic, and visual inspection

Condition Monitoring
Includes technologies such as vibration monitoring, thermography, and lubricating oil analysis equipment

Dimensional Metrology
Includes technologies such as coordinate measuring machines (CMMs), optical digitizers and scanners, and inline metrology

Material Testing
Includes universal testing machines, servohydraulic testing machines, and hardness and impact test equipment

Key Trends

•Increased investment in developing the oil sands in Canada and the shale plays in the United States
•Government safety regulations drive need for NDT inspection
•High price of oil enables oil and gas companies to invest in new projects, which increases need for NDT inspection
•Lack of qualified technicians in Canada and the United States limits growth potential for NDT inspection service providers
•Push toward predictive analytics and asset management services to understand machine behavior
•Aging maintenance workforce driving outsourcing of condition monitoring services
•Renewable energy markets create new growth opportunities
•Global economic conditions, particularly in Europe, hampering market growth
•The degree of automation in the automotive industry drives demand for inline metrology solutions
•Growing urbanization has given rise to mega corridors, cities, and regions, which are expected to attract considerable government investment toward intelligent transport systems
•Industries such as medical devices and electronics expected to create niche growth opportunities
•Chinese competitors are making inroads into the global market
•The market is characterized by slow yet steady growth due to its use across a diversified range of end-user industries
•The services industry continues to drive opportunity for test equipment providers
•Asia-Pacific is the biggest revenue contributor to this market
•The continued drive toward ever-smaller, faster, and cheaper materials has created the need for more accurate and standardized test equipment


Table Of Contents

Impact of Mega Trends on the Mechanical Test Market : Macro to Micro Implications of Global Mega Trends
Executive Summary
Definition of Mega Trends
Overview
Key Findings
Mega Trends Driving the Mechanical Test Market
Opportunities
10 Key Industries of the Future
Associated Multimedia
Research Scope, Objectives, and Methodology
Research Scope
Research Aims and Objectives
Research Background
From Macro to Micro Trends
Connectivity and Convergence
Convergence in the Mechanical Test Industry
Macro to Micro Implications on the Mechanical Test Industry
Case Study—Creaform's Pipeline Integrity Assessment Solution
Key Challenges Impacting the NDT Industry
Case Study—GE Measurement and Control's Mentor EM
Connectivity and Convergence
Big Data Analytics
Impact of Big Data on the Global Condition Monitoring Market
Macro to Micro Implications
Case Study—GE's Industria Internet Platform
Smart is the New Green
Definition of Smart Cities
Global Smart Cities in 2025
Beyond BRIC
The Next Game Changers in 2025
Turkey—Future Power Consumption
Renewable Energy in Latin America
Oil and Gas Activity in Africa
Number of Active Rigs in Africa
Impact on the Mechanical Test Market
Social Trends
Social Trends—Aging Population
Social Trends—Working Age Demographic Dividend
Social Trends—Macro to Micro Implications on the Mechanical Test Market
NDT Training Services Market Driven by Lack of Technicians
Urbanization—City as a Customer
Global Megacities
Application Opportunities for NDT Inspection Service Providers
Opportunities in Nondestructive Testing
Market Opportunity—North America
Canadian Oil Sands
Shale Oil and Gas in United States
Mergers and Acquisition Activity Driven by Increasing Shale Oil and Gas Production
Innovating To Zero
Examples of Innovating to Zero
Industry 4.0—Europe Rethinks Manufacturing
Industry 4.0 to Drive “Fourth” Industrial Revolution
Opportunities in Dimensional Metrology
Current State of the Global Dimensional Metrology Market
Industry 4.0 and Dimensional Metrology
New Business Models
Overview and Introduction—Examples of New Business Models
‘Value for Many' Business Models
New Business Models—Macro to Micro Implications on the Mechanical Test Market
Bricks and Clicks
Future of Retail—Bricks and Clicks
Future of UK Brick-and-mortar Stores—From Big Box to Small Box
Macro to Micro Implications on the Mechanical Test Market
Current Trends in the Global Mechanical Test Market
Industry Trends Impacting the Mechanical Test Market
Dimensional Metrology—Technology Lifecycle Analysis
Innovating to Zero
The New Era of 3D Scanners
Market Opportunities for NDT Inspection Services
Opportunities in Material Testing
Conclusion and Snapshot of Mega Trends
Key Conclusions and Future Outlook
Mega Trend Matrix
Appendix

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