Non-Destructive Testing (NDT) Equipment Market by Product Type, End-user, and Geography - Forecast and Analysis 2023-2027
| Published: Feb 2023 | Pages: 180 | SKU: IRTNTR46591 |
The non-destructive testing (NDT) equipment market is estimated to grow at a CAGR of 5.95% between 2022 and 2027. The size of the market is forecast to increase by USD 848.26 million. The growth of the market depends on several factors, including an increase in oil and gas and power generation projects and growing demand for RVI in the aerospace industry.
This report extensively covers market segmentation by product type (ultrasonic testing equipment, radiography testing equipment, visual testing equipment, and others), end-user (oil and gas, power generation, aerospace and defense, automotive and transportation, and others), and geography (North America, APAC, Europe, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
What will be the size of the Nondestructive Testing(NDT) Equipment Market During the Forecast Period?
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Nondestructive Testing Equipment Market: Key Drivers, Trends, Challenges, and Customer Landscape
The increase in oil and gas and power generation projects is notably driving the market growth, although factors such as the growing availability of pre-used variants of NDT equipment may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Nondestructive Testing Equipment Market Driver
Increase in oil and gas and power generation projects is a crucial driver shaping the market. Investments in the development of oil and gas infrastructure have increased owing to the growing energy demand. In the oil and gas industry, companies are shifting from onshore locations to deepwater and ultra-deepwater oil and gas fields. NDT is required to assess the integrity of equipment, the safety of petroleum refining, and the safety of petroleum extraction operations in the oil and gas industry.
New discoveries of offshore gas reserves in Africa will further spur the demand for NDT equipment. For instance, in February 2019, Total SA (Total) discovered 57 meters of net gas condensate pay in South Africa, located 175 kilometers off the country southern coast. New power plant projects are getting launched. For instance, in October 2020, Tesla Inc. (Tesla) announced the launch of a new UK-based virtual power plant project. Such expansions in the oil and gas and power generation sectors can increase the demand for NDT equipment during the forecast period.
Significant Nondestructive Testing Equipment Market Trend
The advent of new types of materials for manufacturing is the key trend in the market. Manufacturers are experimenting with new types of materials in manufacturing processes to meet the changing requirements of end-users. For instance, in the automotive and aerospace industries, many new grades of advanced high-strength steel are being used, such as advanced high-strength steel (AHSS) 101. OEMs are increasingly adopting lightweight materials for the vehicle body, chassis, interior, and other applications. Lightweight materials are one of the top priorities among OEM manufacturers.
NDT is also used for inspecting plastic parts. During the plastic injection molding process, every change in the molding process can cause a significant delay and incur huge costs. It is important to use a technique that can find issues rapidly. NDT is known for offering accuracy and speed, reducing the overall process with respect to time and cost. These factors can increase the demand for NDT equipment during the forecast period.
Major Nondestructive Testing Equipment Market Challenge
The growing availability of pre-used variants of NDT equipment is a major challenge in the market. The vendors operating in the market are focusing on developing solutions with improved features. All end-users cannot, however, invest in updated variants of NDT equipment frequently. Many end-users also prefer purchasing pre-used NDT equipment, which is available at much lower costs when compared with new units.
The end-users can get information regarding the availability of such models through advertisements in printed media. The pre-used variants can also be availed from various online portals such as NDT Supply.com Inc. (NDT Supply), R-CON NDT, Test Equipment Distributors, and JWJ NDT. The increasing end-user inclination toward pre-used models of NDT equipment will negatively impact the sales of new units, which will hinder the potential growth of the market during the forecast period.
Key Nondestructive Testing Equipment Market Customer Landscape
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Nondestructive Testing (NDT) Equipment Market Customer Landscape
Who are the Major Nondestructive Testing (NDT) Equipment Market Vendors?
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Cygnus Instruments Ltd. - The company offers non-destructive testing solutions such as radiographic, and CT applications. The company also offers ultrasonic thickness gauges, ultrasonic hatch cover testing, ultrasonic tightness testing and flooded member detection equipment.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
- FPrimeC Solutions Inc.
- FUJIFILM Corp.
- General Electric Co.
- HELMUT FISCHER GMBH INSTITUT FUR ELEKTRONIK UND MESSTECHNIK
- Illinois Tool Works Inc.
- Labquip NDT Ltd.
- Mistras Group Inc.
- MME Group
- Nikon Corp.
- Roper Technologies Inc.
- Sonatest Inc.
- TWI Ltd.
- YXLON International GmbH
- Zetec Inc.
- Olympus Corp.
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
What is the Fastest-Growing Segment in the Nondestructive Testing Equipment Market?
The market share growth of the ultrasonic testing equipment segment will be significant during the forecast period. Ultrasonic testing equipment, also known as ultrasonic weld testing equipment, is operated based on the propagation of ultrasonic waves in the object or material tested. In common ultrasonic testing, very short ultrasonic pulse waves with center frequencies ranging from 0.1-15 megahertz (Mhz) and occasionally up to 50 MHz are transmitted into materials to detect internal flaws or to characterize materials.
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The ultrasonic testing equipment segment was valued at USD 931.98 million in 2017 and continued to grow by 2021. Some of the vendors launched new variants of ultrasonic testing equipment after the COVID-19-related lockdowns were relaxed. For instance, in June 2020, Eddyfi NDT Inc. announced the launch of the Mantis PAUT flaw detector. The new variant has applications in high-speed corrosion mapping, butt weld, and long seam weld inspection, commonly up to 5 to 30 millimeters. Thus, the ultrasonic testing equipment segment holds the largest market share and contributes towards the growth of the global NDT equipment market during the forecast period.
Which are the Key Regions for the Nondestructive Testing (NDT) Equipment Market?
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APAC is estimated to contribute 38% to the growth of the global market during the forecast period. Another region offering significant growth opportunities to vendors is North America. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The market in focus in North America is mainly driven by the strong presence of the oil and gas and aerospace industries in the region. The US is also a global leader in terms of petroleum and natural gas production, which has been witnessing continuous growth in the country. In the oil and gas sector, the US continues to invest in the upstream sector, including shale basins. The rise in crude oil prices is expected to drive investments in conventional oil and gas basins in the region. Some of the companies operating in the oil and gas sector are also expanding their presence in North America. For instance, in January 2019, Exxon Mobil Corp. (Exxon Mobil) announced an increase in production capacity in its Texas refinery.
In 2020, the NDT equipment market in North America witnessed certain challenges owing to the COVID-19 pandemic. However, in 2021, several business and industrial activities resumed, such as the production of vehicles and the resumption of construction sites. Furthermore, the presence of several oil refineries and increasing domestic production of natural gas and oil are increasing the demand for NDT equipment. These factors can positively influence the growth of the market in the region during the forecast period.
Segment Overview
The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
- Product Type Outlook (USD Million, 2017 - 2027)
- Ultrasonic testing equipment
- Radiography testing equipment
- Visual testing equipment
- Others
- End-user Outlook (USD Million, 2017 - 2027)
- Oil and gas
- Power generation
- Aerospace and defense
- Automotive and transportation
- Others
- Region Outlook (USD Million, 2017 - 2027)
- North America
- The U.S.
- Canada
- APAC
- China
- India
- Europe
- The U.K.
- Germany
- France
- Rest of Europe
- South America
- Brazil
- Argentina
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- North America
Parent Market Analysis
The reports categorize the global nondestructive testing (NDT) equipment market as a part of the global industrial machinery market. The parent, the global industrial machinery market, covers companies engaged in manufacturing industrial machinery and components covering presses, machine tools, compressors, pollution control equipment, elevators, escalators, insulators, pumps, roller bearings, and other metal fabrications. The global industrial machinery market is expected to grow at a moderate pace. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.
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Nondestructive Testing (NDT) Equipment Market Scope |
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Report Coverage |
Details |
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Page number |
180 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.95% |
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Market growth 2023-2027 |
USD 848.26 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
5.21 |
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Regional analysis |
North America, APAC, Europe, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 38% |
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Key countries |
US, China, India, Russia, and UK |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Acuren, Ashtead technology, Carl Zeiss AG, Eddyfi NDT Inc., FPrimeC Solutions Inc., FUJIFILM Corp., General Electric Co., HELMUT FISCHER GMBH INSTITUT FUR ELEKTRONIK UND MESSTECHNIK, Illinois Tool Works Inc., Labquip NDT Ltd., Mistras Group Inc., MME Group, Nikon Corp., Roper Technologies Inc., Sonatest Inc., TWI Ltd., YXLON International GmbH, Zetec Inc., Cygnus Instruments Ltd., and Olympus Corp. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Nondestructive Testing Equipment Market Report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the nondestructive testing (NDT) equipment market between 2023 and 2027
- Precise estimation of the nondestructive testing (NDT) equipment market size and its contribution to the parent market
- Accurate predictions about upcoming trends and changes in consumer behavior
- Growth of the industry across North America, APAC, Europe, South America, and Middle East and Africa
- Thorough analysis of the market’s competitive landscape and detailed information about vendors
- Comprehensive analysis of factors that will challenge the growth of nondestructive testing(NDT) equipment market vendors
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Product Type
- Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 13: Market segments
- 3.3 Market size 2022
- 3.4 Market outlook: Forecast for 2022-2027
- Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
- 4.1 Global nondestructive testing(NDT) equipment market 2017 - 2021
- Exhibit 18: Historic Market Size – Data Table on Global nondestructive testing(NDT) equipment market 2017 - 2021 ($ million)
- 4.2 Product type Segment Analysis 2017 - 2021
- Exhibit 19: Historic Market Size – Product type Segment 2017 - 2021 ($ million)
- 4.3 End-user Segment Analysis 2017 - 2021
- Exhibit 20: Historic Market Size – End-user Segment 2017 - 2021 ($ million)
- 4.4 Geography Segment Analysis 2017 - 2021
- Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
- 4.5 Country Segment Analysis 2017 - 2021
- Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
- 5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
- 5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
- 5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
- 5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
- 5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
- 5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by Product Type
- 6.1 Market segments
- Exhibit 30: Chart on Product Type - Market share 2022-2027 (%)
- Exhibit 31: Data Table on Product Type - Market share 2022-2027 (%)
- 6.2 Comparison by Product Type
- Exhibit 32: Chart on Comparison by Product Type
- Exhibit 33: Data Table on Comparison by Product Type
- 6.3 Ultrasonic testing equipment - Market size and forecast 2022-2027
- Exhibit 34: Chart on Ultrasonic testing equipment - Market size and forecast 2022-2027 ($ million)
- Exhibit 35: Data Table on Ultrasonic testing equipment - Market size and forecast 2022-2027 ($ million)
- Exhibit 36: Chart on Ultrasonic testing equipment - Year-over-year growth 2022-2027 (%)
- Exhibit 37: Data Table on Ultrasonic testing equipment - Year-over-year growth 2022-2027 (%)
- 6.4 Radiography testing equipment - Market size and forecast 2022-2027
- Exhibit 38: Chart on Radiography testing equipment - Market size and forecast 2022-2027 ($ million)
- Exhibit 39: Data Table on Radiography testing equipment - Market size and forecast 2022-2027 ($ million)
- Exhibit 40: Chart on Radiography testing equipment - Year-over-year growth 2022-2027 (%)
- Exhibit 41: Data Table on Radiography testing equipment - Year-over-year growth 2022-2027 (%)
- 6.5 Visual testing equipment - Market size and forecast 2022-2027
- Exhibit 42: Chart on Visual testing equipment - Market size and forecast 2022-2027 ($ million)
- Exhibit 43: Data Table on Visual testing equipment - Market size and forecast 2022-2027 ($ million)
- Exhibit 44: Chart on Visual testing equipment - Year-over-year growth 2022-2027 (%)
- Exhibit 45: Data Table on Visual testing equipment - Year-over-year growth 2022-2027 (%)
- 6.6 Others - Market size and forecast 2022-2027
- Exhibit 46: Chart on Others - Market size and forecast 2022-2027 ($ million)
- Exhibit 47: Data Table on Others - Market size and forecast 2022-2027 ($ million)
- Exhibit 48: Chart on Others - Year-over-year growth 2022-2027 (%)
- Exhibit 49: Data Table on Others - Year-over-year growth 2022-2027 (%)
- 6.7 Market opportunity by Product Type
- Exhibit 50: Market opportunity by Product Type ($ million)
- Exhibit 51: Data Table on Market opportunity by Product Type ($ million)
7 Market Segmentation by End-user
- 7.1 Market segments
- Exhibit 52: Chart on End-user - Market share 2022-2027 (%)
- Exhibit 53: Data Table on End-user - Market share 2022-2027 (%)
- 7.2 Comparison by End-user
- Exhibit 54: Chart on Comparison by End-user
- Exhibit 55: Data Table on Comparison by End-user
- 7.3 Oil and gas - Market size and forecast 2022-2027
- Exhibit 56: Chart on Oil and gas - Market size and forecast 2022-2027 ($ million)
- Exhibit 57: Data Table on Oil and gas - Market size and forecast 2022-2027 ($ million)
- Exhibit 58: Chart on Oil and gas - Year-over-year growth 2022-2027 (%)
- Exhibit 59: Data Table on Oil and gas - Year-over-year growth 2022-2027 (%)
- 7.4 Power generation - Market size and forecast 2022-2027
- Exhibit 60: Chart on Power generation - Market size and forecast 2022-2027 ($ million)
- Exhibit 61: Data Table on Power generation - Market size and forecast 2022-2027 ($ million)
- Exhibit 62: Chart on Power generation - Year-over-year growth 2022-2027 (%)
- Exhibit 63: Data Table on Power generation - Year-over-year growth 2022-2027 (%)
- 7.5 Aerospace and defense - Market size and forecast 2022-2027
- Exhibit 64: Chart on Aerospace and defense - Market size and forecast 2022-2027 ($ million)
- Exhibit 65: Data Table on Aerospace and defense - Market size and forecast 2022-2027 ($ million)
- Exhibit 66: Chart on Aerospace and defense - Year-over-year growth 2022-2027 (%)
- Exhibit 67: Data Table on Aerospace and defense - Year-over-year growth 2022-2027 (%)
- 7.6 Automotive and transportation - Market size and forecast 2022-2027
- Exhibit 68: Chart on Automotive and transportation - Market size and forecast 2022-2027 ($ million)
- Exhibit 69: Data Table on Automotive and transportation - Market size and forecast 2022-2027 ($ million)
- Exhibit 70: Chart on Automotive and transportation - Year-over-year growth 2022-2027 (%)
- Exhibit 71: Data Table on Automotive and transportation - Year-over-year growth 2022-2027 (%)
- 7.7 Others - Market size and forecast 2022-2027
- Exhibit 72: Chart on Others - Market size and forecast 2022-2027 ($ million)
- Exhibit 73: Data Table on Others - Market size and forecast 2022-2027 ($ million)
- Exhibit 74: Chart on Others - Year-over-year growth 2022-2027 (%)
- Exhibit 75: Data Table on Others - Year-over-year growth 2022-2027 (%)
- 7.8 Market opportunity by End-user
- Exhibit 76: Market opportunity by End-user ($ million)
- Exhibit 77: Data Table on Market opportunity by End-user ($ million)
8 Customer Landscape
- 8.1 Customer landscape overview
- Exhibit 78: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Exhibit 79: Chart on Market share by geography 2022-2027 (%)
- Exhibit 80: Data Table on Market share by geography 2022-2027 (%)
- 9.2 Geographic comparison
- Exhibit 81: Chart on Geographic comparison
- Exhibit 82: Data Table on Geographic comparison
- 9.3 North America - Market size and forecast 2022-2027
- Exhibit 83: Chart on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 84: Data Table on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 85: Chart on North America - Year-over-year growth 2022-2027 (%)
- Exhibit 86: Data Table on North America - Year-over-year growth 2022-2027 (%)
- 9.4 APAC - Market size and forecast 2022-2027
- Exhibit 87: Chart on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 88: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 89: Chart on APAC - Year-over-year growth 2022-2027 (%)
- Exhibit 90: Data Table on APAC - Year-over-year growth 2022-2027 (%)
- 9.5 Europe - Market size and forecast 2022-2027
- Exhibit 91: Chart on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 92: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 93: Chart on Europe - Year-over-year growth 2022-2027 (%)
- Exhibit 94: Data Table on Europe - Year-over-year growth 2022-2027 (%)
- 9.6 South America - Market size and forecast 2022-2027
- Exhibit 95: Chart on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 96: Data Table on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 97: Chart on South America - Year-over-year growth 2022-2027 (%)
- Exhibit 98: Data Table on South America - Year-over-year growth 2022-2027 (%)
- 9.7 Middle East and Africa - Market size and forecast 2022-2027
- Exhibit 99: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 100: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 101: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- Exhibit 102: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- 9.8 US - Market size and forecast 2022-2027
- Exhibit 103: Chart on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 104: Data Table on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 105: Chart on US - Year-over-year growth 2022-2027 (%)
- Exhibit 106: Data Table on US - Year-over-year growth 2022-2027 (%)
- 9.9 China - Market size and forecast 2022-2027
- Exhibit 107: Chart on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 108: Data Table on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 109: Chart on China - Year-over-year growth 2022-2027 (%)
- Exhibit 110: Data Table on China - Year-over-year growth 2022-2027 (%)
- 9.10 Russia - Market size and forecast 2022-2027
- Exhibit 111: Chart on Russia - Market size and forecast 2022-2027 ($ million)
- Exhibit 112: Data Table on Russia - Market size and forecast 2022-2027 ($ million)
- Exhibit 113: Chart on Russia - Year-over-year growth 2022-2027 (%)
- Exhibit 114: Data Table on Russia - Year-over-year growth 2022-2027 (%)
- 9.11 India - Market size and forecast 2022-2027
- Exhibit 115: Chart on India - Market size and forecast 2022-2027 ($ million)
- Exhibit 116: Data Table on India - Market size and forecast 2022-2027 ($ million)
- Exhibit 117: Chart on India - Year-over-year growth 2022-2027 (%)
- Exhibit 118: Data Table on India - Year-over-year growth 2022-2027 (%)
- 9.12 UK - Market size and forecast 2022-2027
- Exhibit 119: Chart on UK - Market size and forecast 2022-2027 ($ million)
- Exhibit 120: Data Table on UK - Market size and forecast 2022-2027 ($ million)
- Exhibit 121: Chart on UK - Year-over-year growth 2022-2027 (%)
- Exhibit 122: Data Table on UK - Year-over-year growth 2022-2027 (%)
- 9.13 Market opportunity by geography
- Exhibit 123: Market opportunity by geography ($ million)
- Exhibit 124: Data Tables on Market opportunity by geography ($ million)
10 Drivers, Challenges, and Trends
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Exhibit 125: Impact of drivers and challenges in 2022 and 2027
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- Exhibit 126: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 127: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 128: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 129: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 130: Matrix on vendor position and classification
- 12.3 Ashtead technology
- Exhibit 131: Ashtead technology - Overview
- Exhibit 132: Ashtead technology - Product / Service
- Exhibit 133: Ashtead technology - Key offerings
- 12.4 Carl Zeiss AG
- Exhibit 134: Carl Zeiss AG - Overview
- Exhibit 135: Carl Zeiss AG - Business segments
- Exhibit 136: Carl Zeiss AG - Key offerings
- Exhibit 137: Carl Zeiss AG - Segment focus
- 12.5 Cygnus Instruments Ltd.
- Exhibit 138: Cygnus Instruments Ltd. - Overview
- Exhibit 139: Cygnus Instruments Ltd. - Product / Service
- Exhibit 140: Cygnus Instruments Ltd. - Key offerings
- 12.6 Eddyfi NDT Inc.
- Exhibit 141: Eddyfi NDT Inc. - Overview
- Exhibit 142: Eddyfi NDT Inc. - Product / Service
- Exhibit 143: Eddyfi NDT Inc. - Key offerings
- 12.7 FUJIFILM Corp.
- Exhibit 144: FUJIFILM Corp. - Overview
- Exhibit 145: FUJIFILM Corp. - Business segments
- Exhibit 146: FUJIFILM Corp. - Key news
- Exhibit 147: FUJIFILM Corp. - Key offerings
- Exhibit 148: FUJIFILM Corp. - Segment focus
- 12.8 General Electric Co.
- Exhibit 149: General Electric Co. - Overview
- Exhibit 150: General Electric Co. - Business segments
- Exhibit 151: General Electric Co. - Key news
- Exhibit 152: General Electric Co. - Key offerings
- Exhibit 153: General Electric Co. - Segment focus
- 12.9 HELMUT FISCHER GMBH
- Exhibit 154: HELMUT FISCHER GMBH - Overview
- Exhibit 155: HELMUT FISCHER GMBH - Product / Service
- Exhibit 156: HELMUT FISCHER GMBH - Key offerings
- 12.10 Illinois Tool Works Inc.
- Exhibit 157: Illinois Tool Works Inc. - Overview
- Exhibit 158: Illinois Tool Works Inc. - Business segments
- Exhibit 159: Illinois Tool Works Inc. - Key offerings
- Exhibit 160: Illinois Tool Works Inc. - Segment focus
- 12.11 Mistras Group Inc.
- Exhibit 161: Mistras Group Inc. - Overview
- Exhibit 162: Mistras Group Inc. - Business segments
- Exhibit 163: Mistras Group Inc. - Key offerings
- Exhibit 164: Mistras Group Inc. - Segment focus
- 12.12 MME Group
- Exhibit 165: MME Group - Overview
- Exhibit 166: MME Group - Product / Service
- Exhibit 167: MME Group - Key offerings
- 12.13 Nikon Corp.
- Exhibit 168: Nikon Corp. - Overview
- Exhibit 169: Nikon Corp. - Business segments
- Exhibit 170: Nikon Corp. - Key news
- Exhibit 171: Nikon Corp. - Key offerings
- Exhibit 172: Nikon Corp. - Segment focus
- 12.14 Olympus Corp.
- Exhibit 173: Olympus Corp. - Overview
- Exhibit 174: Olympus Corp. - Business segments
- Exhibit 175: Olympus Corp. - Key news
- Exhibit 176: Olympus Corp. - Key offerings
- Exhibit 177: Olympus Corp. - Segment focus
- 12.15 Sonatest Inc.
- Exhibit 178: Sonatest Inc. - Overview
- Exhibit 179: Sonatest Inc. - Product / Service
- Exhibit 180: Sonatest Inc. - Key offerings
- 12.16 YXLON International GmbH
- Exhibit 181: YXLON International GmbH - Overview
- Exhibit 182: YXLON International GmbH - Product / Service
- Exhibit 183: YXLON International GmbH - Key offerings
- 12.17 Zetec Inc.
- Exhibit 184: Zetec Inc. - Overview
- Exhibit 185: Zetec Inc. - Product / Service
- Exhibit 186: Zetec Inc. - Key offerings
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Exhibit 187: Inclusions checklist
- Exhibit 188: Exclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 189: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 190: Research methodology
- Exhibit 191: Validation techniques employed for market sizing
- Exhibit 192: Information sources
- 13.5 List of abbreviations
- Exhibit 193: List of abbreviation
- Exhibit 193: List of abbreviation
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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nondestructive testing(ndt) equipment market
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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