Asia-Pacific Non-destructive Testing (NDT) Market

Asia-Pacific Non-destructive Testing (NDT) Market Witness Highest Growth AT a CAGR of 7.5% by 2030

0 Comment November 11, 2024 Uncategorized

Quick Overview of the Asia-Pacific Non-destructive Testing (NDT) Market Analysis

The  Asia-Pacific Non-destructive Testing (NDT) Market Analysis, research report provides an in-depth market study with qualitative and quantitative research of the continuing industry trends, opportunities, growth areas, drivers, and challenges, which would enable stakeholders to align their market strategies according to the present & future market dynamics.

Detailed Analysis of Asia-Pacific Non-destructive Testing (NDT) Industry (2024-30): Reveals Further Growth &Market Expansion

According to the most recent study, the Asia-Pacific Non-destructive Testing (NDT) Market size was valued at USD 3.2 billion in 2023 & is estimated to grow at a CAGR of around 7.5% during the forecast period, i.e., 2024-30. The report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data. These include the widespread segmentation, regional landscape, and recent developments, entailing information on the fluctuation in the demand, sales, revenue, and other parameters experienced and expected in the industry for the forecasting year i.e. 2024-30.

In case you missed it, we are currently revising our reports. Click on the “request sample report“ button to get the latest research data with forecast for the years 2025 to 2030, including market size, industry trends, and competitive analysis. It wouldn’t take long for the team to deliver the most recent version of the report.

Asia-Pacific Non-destructive Testing (NDT) Market Driver:

Growing and Establishing Aerospace Industry in APAC: With the boom in tourism, the Asian wave, and other factors, the Aerospace industry is experiencing a continuous rise in the APAC region. The aerospace industry ensures the best quality structure, material, and strength standards, thus, implementing Non-destructive Testing. Non Destructive Testing Industry would grow given the solemnity required in the industry to detect and avoid failures in surface, cracks, etc., which could lead to numerous risks, including fatal accidents. Furthermore, since aircraft components are highly susceptible to fatigue cracks that could become hazardous, continuous application and modification of the NDT industry are guaranteed, which would further grow the market.

Asia-Pacific Non-destructive Testing (NDT) Market Segmentation Analysis

-By Testing Technique

  • Ultrasonic Testing
  • Visual Inspection Testing
  • Magnetic Particle Testing
  • Liquid Penetrant Testing
  • Eddy-Current Testing
  • Radiography Testing
  • Acoustic Emission Testing

-By Method

  • Visual Inspection
  • Surface Inspection
  • Volumetric Inspection

-By End User

  • Manufacturing
  • Oil & Gas
  • Automotive
  • Construction
  • Power Generation
  • Aerospace & Defense
  • Others (Public Infrastructure, etc.)

Explore Our Comprehensive Study:  https://www.marknteladvisors.com/research-library/apac-non-destructive-testing-market.html

Geographical Analysis:

-By Country

  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Rest of Asia Pacific

Here Japan dominates the Asia-Pacific non-destructive testing equipment market owing to the region’s domestic manufacturing industry and technological advancements. Furthermore, growing market players, such as Nikon Metrology NV and Olympus Corporation, are anticipated to fuel the regional market growth projection during the forecasting period.

Additionally, due to the expansion of the power generation industry in China and India, a rise in the non-destructive testing industry is expected.

Key Players and Competitive Strategies in the Asia-Pacific Non-destructive Testing (NDT) Market

The report provides a study that looks at the requirements for manufacturing and processing, project expenses, finance, and economics, as well as projected profit margins and returns on investment. This also helps in identifying the major market players in the market such as:

  • Acuren Inspection, Inc. (Rockwood Service Corporation)
  • Applus Services, S.A.
  • Bureau Veritas S.A.
  • Fujifilm Corporation
  • Intertek Group Plc.
  • NCS Testing Technology Co., Limited
  • Nikon Metrology NV
  • Olympus Corporation
  • SGS Group
  • YXLON International Gmbh (COMET Group)
  • Others

Customization of Reports Available – https://www.marknteladvisors.com/query/request-customization/apac-non-destructive-testing-market.html

Asia-Pacific Non-destructive Testing (NDT) Industry Recent Development:

  • 2023: Nikon IMBU has launched three new models in its VOXLS range of X-ray CT (Computer Tomography) systems for Non-destructive inspection. The introduction of the 30 Series fills a specific need in the industry for users looking for an automation-ready system with the versatility to meet a wide range of industrial applications.
  • 2023: Nikon Corp. Acquires Avonix Imaging LLC- the U.S.-based company to strengthen X-Ray digital inspection solutions. Avonix has been a strategic X-ray CT equipment manufacturing partner to Nikon Industrial Metrology Business Unity. The company possesses extensive technical expertise in employing X-rays to examine the internal and external aspects of industrial components.

Key Report Highlights

  • Market Dimensions & Projections
  • Pricing Evaluation,
  • Recent Strategic Moves by Companies,
  • Competitive Landscape Assessment,
  • Emerging Opportunities,
  • Market Trends and Indicators

Key Questions Answered in the Research Report

  1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
  2. What are the trends influencing the current scenario of the market?
  3. What key factors would propel and impede the industry across the globe?
  4. How has the industry been evolving in terms of geography and product adoption?
  5. How has the competition been shaping up across various regions?
  6. How have buying behaviour, customer inclination, and expectations from product manufacturers been evolving during 2024-30?
  7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?

More Trending Reports

Why choose MarkNtel?

MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging Video Analytics geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 14.8 diverse industrial verticals.

For Media Inquiries, Please Contact:

Call: +1 628 895 8081 | +91 120 4278433

Email: sales@marknteladvisors.com

Sales Office: 564 Prospect St, B9, New Haven, Connecticut, USA-06511

Corporate Office: Office No.109, H-159, Sector 63, Noida, Uttar Pradesh-201301, India

Tags: Asia-Pacific Non Destructive Testing (NDT) Market ShareAsia-Pacific Non-destructive Testing (NDT) Market GrowthAsia-Pacific Non-destructive Testing (NDT) Market Trends