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.
INTRODUCTION
Nondestructive testing (NDT) is exactly what its name implies: testing without destroying. More specifically, a nondestructive test is the examination of an object or material in any manner that will not impair its future usefulness. NDT is performed to evaluate the internal and/or external condition of materials, components, and/or structures. NDT allows an assessment of an item or items for desired characteristics or qualities without damaging or interfering with their continued usefulness.
NDT technologies are used in industry to help ensure the integrity and reliability of products being provided to the end users. The NDT process may range anywhere from a simple visual inspection to an intricate ultrasonic characterization of microstructures at ambient temperature to a radiography examination of parts during a manufacturing operation.
The NDT industry continues to play a leading role in the key industries. Core NDT technologies are evolving in important ways and are more and more user friendly. The applications in which NDT is used are also expanding rapidly. New industries that have only recently begun to use NDT techniques are becoming significant consumers of this technology. The potential market for nondestructive testing equipment continues to expand with emphasis on product quality, lean manufacturing, just-in-time inventory practices, and advances in nanomaterials and related manufacturing and testing.
This newly-updated BCC report identifies the major industry movements and trends, and describes the state of the NDT industry in the U.S. at present and the direction in which it is headed. The study provides an overview of current technology developments and an assessment of the NDT equipment market.
SCOPE OF STUDY
The report provides:
- An overview of NDT technologies
- Identification of companies that are actively engaged in the development and manufacture NDT equipment
- Assessments of new developments through an analysis of patents granted within an 18- month period prior to the publication of this report
- Identification of technological and issues that will impact the NDT industry
- An understanding of the markets and technologies, with forecasts through 2008, so that decision-makers are able to evaluate and consider opportunities within this market.
METHODOLOGY AND INFORMATION SOURCES
BCC obtained the information presented within this report from interviews with manufacturers, universities, and government laboratories, as well as from review of secondary sources such as company literature, conference proceedings, and related government data. Almost 300 companies in the U.S. were contacted for input. The cooperation from private companies was limited but sufficient to develop confident projections, trends, direction and sophistication of the NDT market. BCC based data projections on a variety of factors, including technology developments and industry issues, among other conditions, which BCC discusses where appropriate. All dollar projections are in 2003 constant dollars. The current dollars could be projected using an inflation rate for the next 5 years. However, this was considered unnecessary with the current (July 2003) small inflation rate and the talk of disinflation.
ANALYSTS CREDENTIALS
Balaji (Bal) V. Patil received his Bachelor of Technology degree in metallurgical engineering from the Indian Institute of Technology in Mumbai, India. He came to the United States for studies at Columbia University, where he completed an M.S. degree in Mineral Engineering and a Ph.D. in Engineering Science in Chemical Metallurgy. After a brief employment period with the Cities Service Co., Dr. Patil joined Allegheny Ludlum Steel Corp. in 1976. He worked at the company's R&D Center and made significant technical contributions. Dr. Patil received five Corporate Technical Awards, has three patents and several technical publications. He also lead-authored a chapter in "The Making, Shaping and Treating of Steel Steelmaking and Refining" 11th Edition, which was published by The AISE Foundation.
Related Reports
Recent Reports
Nondestructive Testing Equipment and Services: Ultrasonic, Radiographic, Eddy Current and Others
The global market for NDT equipment and services is estimated to increase from $31.3 billion in 2023 to reach $50.7 billion by 2028, at a compound annual growth rate (CAGR) of 10.1% from 2023 through 2028.
Electronics Contract Manufacturing and Design Services: The Global Market
The global market for electronics contract manufacturing and design services is estimated to increase from $546.4 billion in 2023 to reach $847.2 billion by 2028, at a compound annual growth rate (CAGR) of 9.2% from 2023 through 2028.
Hydraulic Pumps and Motors: Global Markets
The global market for hydraulic pumps and motors was valued at $18.0 billion in 2022. The market is estimated to grow from $18.8 billion in 2023 to reach $22.9 billion by 2028, at a compound annual growth rate (CAGR) of 4.0% from 2023 to 2028.
Industrial Boilers: Technologies and Developing Markets
The global industrial boilers market should reach $14.6 billion by 2028 from $11.5 billion in 2023 at a compound annual growth rate (CAGR) of 4.8% for the forecast period of 2023 to 2028.
Global Markets and Technologies for Inorganic Metal Finishing Processes
The global market for inorganic metal finishing technologies is estimated to increase from $93.3 billion in 2022 to reach $119.9 billion by 2027, at a compound annual growth rate (CAGR) of 5.1% from 2022 through 2027.
Top Trending Reports
Cell and Gene Therapy Tools, and Reagents: Global Markets
The global market for cell and gene therapy tools and reagents is estimated to grow from $8.3 billion in 2022 to $13.7 billion in 2027, with a compound annual growth rate (CAGR) of 10.6% for the period of 2022-2027.
ESG Trends in Chemical Industry
This report focuses on the ESG trends in the chemical industry and evaluates the ESG implementation including current and future potential. The report utilizes various databases, including sustainability reports, annual reports, and other indicators used to develop the current market. The study provides detailed information on the main factors influencing ESG growth in the chemical industry. It enables the reader to understand the industry in general while also providing insight into the inter-relationship between ESG and the sustainable chemical industry. The report describes market growth, developing trends, industry leaders, and applications of ESG implementation in the chemical industry.
Digital Pathology: Technologies and Global Markets
The global digital pathology market is estimated to increase from $5.9 billion in 2022 to reach $10.7 billion by 2027, at a compound annual growth rate (CAGR) of 12.5% from 2022 through 2027.
Smartphone-Based Patient Monitoring: Global Market
The global smartphone-based patient monitoring market should reach $21.5 billion by 2027 from $6.8 billion in 2022 at a compound annual growth rate (CAGR) of 25.9% for the forecast period of 2022 to 2027.
Seawater and Brackish Water Desalination
The global market for seawater and brackish water desalination is estimated to increase from $14.7 billion in 2022 to $21.7 billion by 2027, at a compound annual growth rate (CAGR) of 8.1% from 2022 through 2027.
Become A Member
BCC Research offers a comprehensive library of reports, granting members unlimited access to data, insights, and market intelligence for informed business decisions, while actively supporting members in their evolving journeys and prioritizing high-quality, relevant topics based on continuous engagement with the research community.
Find Out MoreCustom Consulting
BCC Research emphasizes the importance of organizations leveraging highly customized market insights aligned with specific strategic business objectives through direct engagement with primary sources and proprietary forecasting models for profitable decision-making in maximizing growth opportunities and minimizing risks.
Customize NowScorecard
The Venture Scorecard provides commercialization offices and decision makers with expert analysis, offering strategic insights crucial for aligning objectives with market realities at various stages of commercializing new products or evaluating investment opportunities, from opportunity assessment to growth planning.
Find Out MoreInnovation Spotlight
Our industry experts offer strategic guidance to maximize the market potential of commercialized products, patents, and IP by providing insights into market trends, competitive dynamics, and effective positioning, using the Innovation Spotlight service for enhanced exposure to thought leaders and the wider community.
Find Out More