Global Ultrasonic Testing Market Size By Type, By Equipment, By Service, By Vertical, By Geographic Scope And Forecast
Ultrasonic Testing Market Size And Forecast
Ultrasonic Testing Market was valued at USD 3.05 Billion in 2019 and is projected to reach USD 5.24 Billion by 2027, growing at a CAGR of 8.14% from 2020 to 2027.
Global Ultrasonic Testing Market Overview
Ultrasonic testing or UT can be defined as a category of non-destructive testing techniques, Ultrasonic testing uses special equipment to send high-frequency sound waves to penetrate a materials thickness. Other equipment is then used to receive these sound waves. Ultrasonic testing can be used for the determination of a materials condition. This te3sting technique is also able to detect discontinuities that are based on how the high-frequency sound waves are returned to the recording equipment.
Ultrasonic Testing possesses the ability to detect internal effects as well as the lack of radiation that is involved in this kind of testing. These aspects are expected to boost the growth of the market for ultrasonic testing. Growth of portable phased array ultrasonic testing equipment, development in the ultrasonic testing services market, and government directives are projected to fuel market growth. Automation in diverse sectors such as aerospace & defense, industries, healthcare, among others has growing applications. Considering the current trend of automation, it is projected that its application is expected to increase over time.
Global Ultrasonic Testing Market: Segmentation Analysis
Global Ultrasonic Testing Market is Segmented Based on Type, Equipment, Services,Industry Vertical, And Geography.
Key Players in Ultrasonic Testing Market
Major players in the market are
- Mistras Group, Inc.
- Olympus Corporation
- General Electric Co.
- Sonatest Ltd.
- Amerapex Corporation
- Sonotron NDT
- Tecscan Systems Inc.
- Ashtead Technology
- NDT Systems Inc.
Verified Market Research has been providing Research Reports, with up to date information, and in-depth analysis, for several years now, to individuals and companies alike that are looking for accurate Research Data. It has large database which includes the latest content from renowned authors and publications worldwide. It also provides customized Data and Reports according to the need of the client.