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Manufacturing

Nondestructive Testing: An Expanding Market  

Report Code: MFG016D, Published: November 2003

 

Click here for the latest version of this report - MFG016E

 

REPORT HIGHLIGHTS

  • The U.S. nondestructive testing equipment market currently stands at $1,380 million and is projected to grow at an average annual growth rate (AAGR) of 5.1% reaching $1,769 million by 2008.
  • The NDT techniques expected to experience the fastest growth over the next 5 years are x-ray radiography and infrared and thermal imaging, driven by homeland security issues.
  • Transportation security currently makes up 32% of the market and is also the fastest growing application, with an AAGR of 7.1%.
  • Film-based radiographic testing, liquid penetrant, and magnetic particle testing are expected to continue their long-term decline, as they do not easily lend themselves to automation or computerization.

Report Code: MFG016D, Published: November 2003, Analyst: Patil Balaji

 
 

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