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  4. > The Global Nondestructive Testing Inspection Services and Equipment Market in the Transportation Industry

Maintenance Requirements and Government Regulations Drive Growth

This research deliverable provides an analysis of the future global nondestructive testing (NDT) market in the transportation industry, particularly the impact and implications of Industry 4.0. An in-depth analysis of the two major market segments, the NDT inspection services market and the NDT equipment market, in the transportation industry is provided with a focus on the trends influencing the automotive, aerospace, and railway end-user verticals. The competitive landscape of the overall NDT market for the transportation industry has been clearly outlined. Global regions are segmented as Americas, Europe, Asia-Pacific, and the Middle East and Africa. The base year used for analysis is 2014, and the study period is 2011 to 2019.

Key Findings
- The nondestructive testing (NDT) market for the transportation industry is growing and is expected to hit $ Billion by 2019 growing at a compound annual growth rate (CAGR) of % between 2014 and 2019.
- The impact of the global economic downturn of 2009 affected the transportation industry until 2012, and recovery has been slow. But since 2012, the transportation industry has been showcasing high growth potential and there have been significant investments in new production facilities for the automotive industry as well as demand for more aircraft from airlines.
- The NDT inspection services market is expected to grow as the transportation industry
original equipment manufacturers (OEMs) outsource more NDT service requirements to NDT inspection services companies to leverage their expertise and to save time and costs.
- The maintenance, repair, and overhaul (MRO) requirements are especially high in the aerospace and railway industries compared to the automotive industry, which drives the
overall NDT market.
- The equipment manufacturers will push for adoption of advanced NDT technology, driven by transportation OEMs’ increasing focus on advanced materials because of compliance-driven regulations like CO2 emission regulations.
- China and India will gain focus from NDT market participants owing to their high growth potential.

CEO’s Perspective
1 The NDT market for the transportation industry is driven by the stringent regulations and changing requirements for inspection during manufacturing and maintenance.
2 Penetration of advanced materials used in lightweighting* during manufacturing will propel the overall NDT market, especially in the automotive industry.
3 In the automotive industry, cost considerations will be the key criterion to select NDT equipment manufacturers and also to outsource inspection to service providers.
4 Macroeconomic factors like rising global GDP, falling oil prices, and low interest rates will ensure that the NDT market grows in the aerospace industry because inspection is critical.
5 Maintenance of rail bogies, wheels axles, welds, and track will be the major areas of focus for the railway industry as automated inspection for
quicker maintenance is the need of the hour.

Table Of Contents

The Global Nondestructive Testing Inspection Services and Equipment Market in the Transportation Industry
1. EXECUTIVE SUMMARY

Executive Summary
Key Findings
Market Engineering Measurements
CEO's Perspective

2. MARKET OVERVIEW

Market Overview
Market Definitions
Key Questions this Study will Answer
Market Segmentation
Market Segmentation—Transportation Industry
Market Segmentation—NDT Inspection Services Market
Market Segmentation—NDT Equipment Market
Market Distribution Channels
Automotive Industry—Market Attractiveness for NDT Providers in this Industry is Growing
Aerospace Industry—Market Attractiveness for NDT Providers in this Industry is Growing
Railway Industry—Market Attractiveness for NDT Providers in this Industry is Moderately Growing
Global Hot Spots—Transportation Industry

3. FUTURE OF NDT—IMPACT OF INDUSTRY 4.0

Future of NDT—Impact of Industry 4.0
Understanding Industry 4.0—The Vision
Industry 4.0 Disrupting NDT
Transformational Implications
Future of NDT—Implications for the Transportation Industry

4. DRIVERS AND RESTRAINTS—TOTAL NDT MARKET FOR TRANSPORTATION INDUSTRY

Drivers and Restraints—Total NDT Market for Transportation Industry
Market Drivers
Drivers Explained
Market Restraints
Restraints Explained

5. FORECASTS AND TRENDS—TOTAL NDT MARKET FOR TRANSPORTATION INDUSTRY

Forecasts and Trends—Total NDT Market for Transportation Industry
Market Engineering Measurements
Forecast Assumptions
Revenue Forecast
Revenue Forecast Discussion

6. FORECASTS AND TRENDS—NDT INSPECTION SERVICES MARKET

Forecasts and Trends—NDT Inspection Services Market
Market Engineering Measurements
Forecast Assumptions
Revenue Forecast
Revenue Forecast Discussion
Revenue Forecast by Region
Revenue Forecast Discussion by Region—Americas
Revenue Forecast Discussion by Region—Europe
Revenue Forecast Discussion by Region—APAC
Revenue Forecast Discussion by Region—MEA
Revenue Forecast by Vertical Market

7. AUTOMOTIVE INDUSTRY— NDT INSPECTION SERVICES MARKET

Automotive Industry— NDT Inspection Services Market
Revenue Forecast—Automotive Industry
Revenue Forecast by Region—Automotive Industry
Revenue Forecast Discussion—Automotive Industry

8. AEROSPACE INDUSTRY—NDT INSPECTION SERVICES MARKET

Aerospace Industry—NDT Inspection Services Market
Revenue Forecast—Aerospace Industry
Revenue Forecast by Region—Aerospace Industry
Revenue Forecast Discussion—Aerospace Industry

9. RAILWAY INDUSTRY—NDT INSPECTION SERVICES MARKET

Railway Industry—NDT Inspection Services Market
Revenue Forecast—Railway Industry
Revenue Forecast by Region—Railway Industry
Revenue Forecast Discussion—Railway Industry

10. MARKET SHARE AND COMPETITIVE ANALYSIS— NDT INSPECTION SERVICES MARKET

Market Share and Competitive Analysis— NDT Inspection Services Market
Market Share
Market Share Analysis
Competitive Environment

11. FORECASTS AND TRENDS—NDT EQUIPMENT MARKET

Forecasts and Trends—NDT Equipment Market
Market Engineering Measurements
Forecast Assumptions
Revenue Forecast
Revenue Forecast by Equipment
Revenue Forecast Discussion
Revenue Forecast by Region
Revenue Forecast Discussion by Region—Americas
Revenue Forecast Discussion by Region—Europe
Revenue Forecast Discussion by Region—APAC
Revenue Forecast Discussion by Region—MEA
Revenue Forecast by Vertical Market

12. AUTOMOTIVE INDUSTRY—NDT EQUIPMENT MARKET

Automotive Industry—NDT Equipment Market
Revenue Forecast
Revenue Forecast Discussion
Revenue Forecast by Equipment
Revenue Forecast Discussion by Equipment

13. AEROSPACE INDUSTRY—NDT EQUIPMENT MARKET

Aerospace Industry—NDT Equipment Market
Revenue Forecast
Revenue Forecast Discussion
Revenue Forecast by Equipment
Revenue Forecast Discussion by Equipment

14. RAILWAY INDUSTRY—NDT EQUIPMENT MARKET

Railway Industry—NDT Equipment Market
Revenue Forecast
Revenue Forecast Discussion
Revenue Forecast by Equipment
Revenue Forecast Discussion by Equipment

15. MARKET SHARE AND COMPETITIVE ANALYSIS— NDT EQUIPMENT MARKET

Market Share and Competitive Analysis— NDT Equipment Market
Market Share
Market Share Analysis
Competitive Environment

16. THE LAST WORD

The Last Word
The Last Word—3 Big Predictions
Legal Disclaimer

17. APPENDIX

Appendix
Market Engineering Methodology
Additional Sources of Information on the Nondestructive Testing Market
Other Market Participants—NDT Inspection Services Market in Transportation Industries
Other Market Participants—NDT Equipment Market in Transportation Industries

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