Ultrasonic Testing Market Size, Share, Analysis Report by 2024
Ultrasonic testing has the ability to identify internal effects as well as the dearth of radiation which is involved in this kind of testing. These aspects are projected to fuel the growth of the market for ultrasonic testing. Rise in the portable phased array ultrasonic testing equipment, development in the ultrasonic testing market, and government directives are anticipated to fuel ultrasonic testing market growth. In addition to this, the automation in various sectors such as aerospace & defense, healthcare, industries, among others has increasing applications. Considering the present trend of automation, it is anticipated that its application is projected to increase over time. Furthermore, the increasing disposable income and rising automobile consumption also fuel this market's growth prospects over the forecast period.
The global Ultrasonic Testing market is segregated on the basis of Type as Time-Of-Flight Diffraction, Phased Array, Immersion Testing and Guided-Wave. Based on Application the global Ultrasonic Testing market is segmented in Flaw Detection, Material Thickness, Dimensional Measurement and Others. Based on Industry Vertical the global Ultrasonic Testing market is segmented in Chemical & Petrochemical, Oil & Gas, Energy & Power, Automotive, Food & Beverages, Healthcare and Others.
The global Ultrasonic Testing market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Ultrasonic Testing market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
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Competitive Rivalry
Baker Hughes, Olympus Corporation, MISTRAS Group, Intertek, Sonatest, Zetec, Inc., T.D. Williamson Inc., Bosello High Technology Srl., Eddyfi, Magnaflux, Fischer Technology Inc., Cygnus Instruments Ltd., NDT Global GmbH, Acuren, LynX Inspection, and others are among the major players in the global Ultrasonic Testing market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.
The Ultrasonic Testing Market has been segmented as below:
Ultrasonic Testing Market, By Type
Time-Of-Flight Diffraction
Phased Array
Immersion Testing
Guided-Wave
Ultrasonic Testing Market, By Application
Flaw Detection
Material Thickness
Dimensional Measurement
Others
Ultrasonic Testing Market, By Industry Vertical
Chemical & Petrochemical
Oil & Gas
Energy & Power
Automotive
Food & Beverages
Healthcare
Others
Ultrasonic Testing Market, By Region
North America
Europe
Asia-Pacific
Rest of the World
Ultrasonic Testing Market, By Company
Baker Hughes
Olympus Corporation
MISTRAS Group
Intertek
Sonatest
Zetec, Inc.
T.D. Williamson Inc.
Bosello High Technology Srl.
Eddyfi
Magnaflux
Fischer Technology Inc.
Cygnus Instruments Ltd.
NDT Global GmbH
Acuren
LynX Inspection
The report covers:
Global Ultrasonic Testing market sizes from 2021 to 2028, along with CAGR for 2023-2028
Market size comparison for 2022 vs 2028, with actual data for 2022, estimates for 2023 and forecast from 2024 to 2028
Global Ultrasonic Testing market trends, covering comprehensive range of consumer trends & manufacturer trends
Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Ultrasonic Testing market
Major market opportunities and challenges in forecast timeframe to be focused
Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
Comprehensive company profiles of the key industry players
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Report Scope:
The global Ultrasonic Testing market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Ultrasonic Testing market share. Major industry players with significant revenue share include Baker Hughes, Olympus Corporation, MISTRAS Group, Intertek, Sonatest, Zetec, Inc., T.D. Williamson Inc., Bosello High Technology Srl., Eddyfi, Magnaflux, Fischer Technology Inc., Cygnus Instruments Ltd., NDT Global GmbH, Acuren, LynX Inspection, and others.
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