The global non-destructive testing equipment market size was US$ 3,271.5 million in 2021. The global non-destructive testing equipment market is forecast to grow to US$ 6119.01 million by 2030 by growing at a compound annual growth rate (CAGR) of 9.5% during the forecast period from 2022 to 2030. 

Non-destructive testing (NDT) application is used to identify the defect and discontinuity in material, structure, or component. 

Factors Influencing the Market

The global non-destructive testing equipment market is forecast to witness a significant jump in revenue due to continuous evolution in the automation, robotics, electronics, and oil & gas industry. The growth of these industries will bring a significant hike in the demand for flaw detection related to cracks, porosity, manufacturing disorders, etc. As a result, it will surge the growth of the global non-destructive testing equipment market. 

Stringent mandates by governmental agencies like the American Society of Mechanical Engineers (ASME) and the International Organization for Standardization (ISO) are forecast to offer ample growth opportunities for the non-destructive testing equipment market. 

The rising cases of infrastructural failures will exceed the demand for quality/safety assurance. Thus, it will benefit the overall non-destructive testing equipment market. On the contrary, the high equipment costs and a scarcity of experienced technicians may impede the market growth during the forecast period. 

COVID-19 Impact Analysis

The sudden onset of the COVID-19 pandemic put a pause on infrastructural development activities. Various industries, such as automotive, oil and gas, energy, and others, witnessed a significant downfall in terms of revenue. Thus, it also hampered the growth of the non-destructive testing equipment market. 

The vendors of the non-destructive testing equipment also faced various challenges in continuing the operations. Ultimately, it hampered the growth of the non-destructive testing equipment market during the COVID-19 pandemic. 

Regional Analysis

The Asia-Pacific nondestructive testing equipment market is forecast to grow at the highest growth rate, with China holding the highest market share. It is owing to the large investments in oil & gas, aerospace & defense, and energy & power infrastructure Industry. In addition, the demand for ensuring the safety and efficiency of the machines is also rising exponentially. As a result, it will contribute to the growth of the global non-destructive testing equipment market. Growing industrialization in China and favorable investments by the government are forecast to benefit the Asia-Pacific non-destructive testing equipment market during the forecast period. 

Competitors in the Market

• Olympus Corporation
• Intertek Group PLC
• SGS SA
• Ashtead Technology Inc.
• General Electric
• Nikon Metrology Inc.
• Mistras Group Inc.
• Carestream Health.
• Other Prominent Players

Market Segmentation

The global non-destructive testing equipment market segmentation focuses on Testing Method, Technique, Industrial Vertical, and Region. 

By Testing Method Outlook

• Ultrasonic Testing
• Radiography Testing
• Visual Inspection Testing
• Magnetic Particle Testing & Electromagnetic Testing
• Eddy-Current Testing
• Liquid Penetrant Testing
• Others

By Technique Outlook

• Volumetric Examination
• Surface Examination
• Others

By Industrial Vertical Outlook 

• Oil & Gas
• Energy & power
• Aerospace & Defense
• Automotive & transportation
• Infrastructure
• Others

By Regional Outlook

• North America
• The U.S.
• Canada
• Mexico
• Europe
• Western Europe
• The UK
• Germany
• France
• Italy
• Spain
• Rest of Western Europe
• Eastern Europe
• Poland
• Russia
• Rest of Eastern Europe
• Asia Pacific
• China
• India
• Japan
• Australia & New Zealand
• ASEAN
• Rest of Asia Pacific
• Middle East & Africa (MEA)
• UAE
• Saudi Arabia
• South Africa
• Rest of MEA
• South America
• Brazil
• Argentina
• Rest of South America