Ultra-Sonic Testing Market shall reach a value of $2x61.4 Million in 2027, growing with a CAGR of 12.13% during the forecast period of 2020 to 2027.
Market Definition / Research Scope
For the purpose of this market research report, Ultra-Sonic Testing is defined as the use of sonic waves to understand the characteristics of an object or to discover flaws in it. Mostly short pulse waves are used which are sent through the object. It allows to detect flaws or observe the objects that are physically unreachable from the other side and without damaging it. The industrial use of ultrasonic testing involves inspection of materials like metal, concrete and plastic. It is also used medically for routine diagnostic imaging and medical research. The advantages of this method are its high accuracy in detecting flaws,sensitivity to detect small flaws.
Ultrasonic Testing Market Growth and Trends
Ultrasonic Testing Market Regional Analysis
Mounting adoption of the ultrasonic testing equipment in the oil and gas industry is anticipated to steer the growth of the ultrasonic testing market across the globe. The Asia Pacific regions like China, India, and South Korea have been housing some prominent manufacturing players that contribute to the inflating demands for the ultrasonic testing equipment extensively in the region.
North America also accounts for an escalating growth owing to rising disposable income and growing utilization of automobiles and forging share of manufacturing activities in regions like the US. Moreover, Europe is expected to witness an ever-increasing growth aspect owing to increasing investment in power grid infrastructure in the region.
Major infrastructure advancement and automation in manufacturing projects are estimated to drive the ultrasonic testing market in the Middle Eastern and African region extensively.
Ultrasonic Testing Market Share and Competition
Key companies operating in this industry are: Mistras Group, Olympus, General Electric, Sonatest, Amerapex, Sonotron NDT, Tecscan, Ashtead Technology, NDT Systems and Atslab.
Ultrasonic Testing Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2020 – 2027)
• Data breakdown for every market segment (2020 – 2027)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Type Analysis (Revenue, USD Million, 2020 - 2027)
• Time-of-Flight Diffraction
• Phased Array techniques
• Ultrasonic Immersion Testing
• Guided-Wave Ultrasonic
• Ultrasonic Acoustography
• Ultrasonic spectroscopy
Application Analysis (Revenue, USD Million, 2020 - 2027)
• Manufacturing
• Oil & Gas
• Aerospace
• Military & Defense
• Railway Industry
• Bridges and Tunnels
• Automotive
• Marine
• Power Generation
Region Analysis (Revenue, USD Million, 2020 - 2027)
• United States
• Canada
• Mexico
• France
• Germany
• Italy
• Spain
• United Kingdom
• Russia
• China
• India
• Philippines
• Malaysia
• Australia
• Austria
• South Korea
• Middle East
• Japan
• Africa
• Rest of World
Ultrasonic Testing Market Companies
• Mistras Group
• Olympus
• General Electric
• Sonatest
• Amerapex
• Sonotron NDT
• Tecscan
• Ashtead Technology
• NDT Systems
• Atslab
Available Versions:-
United States Ultrasonic Testing Market Research Report
Europe Ultrasonic Testing Market Research Report
Asia Pacific Ultrasonic Testing Market Research Report
India Ultrasonic Testing Market Research Report
