Market Research Report

Asia-Pacific Non-destructive Testing (NDT) Market Research Report: Forecast (2024-2030)

Asia-Pacific Non-destructive Testing (NDT) Market - By Testing Technique (Ultrasonic Testing, Visual Inspection Testing, Magnetic Particle Testing, Liquid Penetrant Testing, Eddy-C...urrent 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.)), By Country (China, India, Japan, South Korea, Indonesia, Rest of Asia Pacific), By Company (Fujifilm Corporation, Bureau Veritas S.A., Nikon Metrology NV, Applus Services, S.A., Olympus Corporation, YXLON International Gmbh (COMET Group), NCS Testing Technology Co., Limited, Acuren Inspection Inc. (Rockwood Service Corporation), Intertek Group Plc., and SGS Group) Read more

  • Healthcare
  • Sep 2024
  • 155
  • PDF, Excel, PPT

Market Definition

Non-destructive testing (NDT) is the technique utilized to detect, evaluate, analyze, and classify defects, properties, and other interrupting points in the material through scanning, corrosions, inspecting, and quantifying flaws and other conditions of the material without permanently altering, or destroying the serviceability, hindering and damaging the examined product or part. NDT plays an essential role in designing, manufacturing, and maintaining different devices, equipment, components, and infrastructures. By carrying out NDT, it is evaluated that the components or material used are not damaged or faulty, fit to be used, safe, need reparations, etc.

Market Insights & Analysis: Asia-Pacific Non-destructive Testing (NDT) Market (2024-30):

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 market is swiftly driven by the rapidly increasing demand to provide better equipment, machinery, infrastructure, and properties in various industries, including construction, healthcare, aerospace, and marine. In addition, with the surge of power industries, the rise in automotive, and construction, and the modification in current healthcare equipment to serve better, the need for non-destructive testing arises and drives the market.  

Report Coverage Details
  Historical Years   2019-22
  Base Years
  2023
  Forecast Years
  2024-30
  Market Value in 2023   USD 3.2 Billion
  CAGR (2024-30)   7.5%
  Leading Country   Japan
  Top Key Players  Fujifilm Corporation, Bureau Veritas S.A., Nikon Metrology NV, Applus Services,   S.A., Olympus Corporation, YXLON International Gmbh (COMET Group), NCS   Testing Technology Co., Limited Acuren Inspection, Inc. (Rockwood Service   Corporation), Intertek Group Plc., and SGS Group
  Key Report Highlights
  • Market Dimensions & Projections
  • Pricing Evaluation,
  • Recent Strategic Moves by Companies,
  • Primary Stakeholders,
  • Analysis of Import and Export Trends,
  • Competitive Landscape Assessment,
  • Emerging Opportunities,
  • Market Trends and Indicators

 

To inspect aircraft, maintain quality assurance in automobiles and others, and extend the life of old infrastructures, the industry would be required to provide its services, further raising the market. Moreover, the ever-rising industrialization in developing countries of the APAC region would aid in elevating the Asia-Pacific Non-destructive Testing (NDT) Market share. 

Consequently, the growth of e-commerce, retailers, new power generation systems, digitalization, urbanization, and the establishment of new factories would push the non-destructive testing industry forward. Also, the accelerated demand for third-party non-destructive inspection providers and advancements in mechanization are accelerating the profitable opportunities for the industry in the forecasting period. Subsequently, as NDT devices save substantial time by annihilating the need to dismantle the machinery, this would lead to the further inclination of the industry towards non-destructive testing methods. Also, service providers are growing their foothold by upgrading, merging, and acquiring. Collectively, this would accelerate the market growth and expansion. For instance:

  • in 2023, Sonatest declared collaboration with Echobolt. Operation and maintenance service provider. With the collaboration, the companies combine their advanced hardware solutions with Echobolt’s innovative services to offer Phased Array Ultrasonic Technology to the wind industry.
  • 2023: Waygate Technologies states a substantial upgrade to its Krautkramer USM 100 ultrasonic testing device. The upgrade includes new features and improvements aimed at improving the device's functions and performance. Krautkramer USM 100 is widely used in non-destructive testing applications across various industries

Asia-Pacific Non-destructive Testing (NDT) Market Research Report: Forecast (2024-2030)

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 Opportunity:

Evolving Power Generation Industry Especially in APAC Regions – The power generation industry is continuously growing to find new ways to be more energy efficient, thus involving and inventing new non-destructive testing methods and instruments. This leads to thriving the demand for non-destructive testing services and equipment to provide the best results. Also, companies from developed regions are increasingly establishing new plants and operations in the Asia Pacific, taking advantage of low-cost manufacturing, thus increasing the demand for non-destructive testing equipment. In conclusion, this poses an excellent opportunity for the industry to experience lucrative growth.

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

Rising Complications in Machinery and Limited Skilled-Human Resources–  Non-Destructive Testing faces the challenge of keeping up with the additional threats imposed by the technological, multi-dimensional advancements in the complexity of future machinery. New NDT methods would need to keep up with the upgradation accompanied by diverse additions to the machinery, which could hinder the industry's growth. Additionally, the availability of sufficient skilled human resources, that can easily find accurate flaws, leakages, and troubleshoot to test advanced machinery, is very crucial to ensure remunerative growth. However, the skilled resources require high costs for training and certification, this is the reason behind the inadequate availability of resources. Therefore, this can eventually hamper the market growth.

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

Emerging Technological Expansion and Advancement in Algorithm – Non-destructive Testing has become a focal point concerning the advent of Industry 4.0. Improvement of existing technology involves the adaption of embedded systems, advanced sensors, cloud computing for easy data storage and access, artificial intelligence facilitates enhancing analytics, error-free inference, coordinate process flow, etc.  Moreover, accurate and efficient results are obtained with advanced technologies, the incorporation of new algorithms, technological advancement in sensors, and wireless technologies. For example, various ultrasonic testing tomography of rebar provides the highest accuracy. In addition, with modifications such as an optical positioning system and AI-supportive software algorithm, the analysis provided is more precise, thus gaining traction in the industry.

Asia-Pacific Non-destructive Testing (NDT) Market (2024-30): Segmentation Analysis

The Asia-Pacific Non-destructive Testing (NDT) Market study of MarkNtel Advisors evaluates & highlights the major trends & influencing factors in each segment & includes predictions for the period 2024–2030 at the global level. Based on the analysis, the market has been further classified as:

Based on Testing Technique:

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

Among all of these, ultrasonic testing is anticipated to demonstrate considerable growth in the Asia-Pacific non-destructive testing (NDT) market during the forecast period. Ultrasonic testing is utilized for mapping applications, weld inspection, and pipe, composite, and pipeline corrosion screening. Given the rising demand for mapping applications, Ultrasonic testing is expected to dominate the market.

Visual Inspection testing is used to inspect aerospace, marine, and automation. Furthermore, with the growing transport sector and Asian automation industry, the Visual Inspection segment is also expected to help the growth of the market. Likewise, due to the increasing use of X-ray testing, gamma-ray testing, and computed radiography which implements radiographic testing, it is also anticipated to drive the segmental growth of the market. In addition, with urbanization, industrialization, and increasing manufacturing in various departments, the overall industry would benefit as non-destructive testing becomes the norm.

Based on Method:

  • Visual Inspection
  • Surface Inspection
  • Volumetric Inspection

Here, Volumetric Inspection is expected to dominate the industry during the forecasting years. Volumetric Inspection, also called Ultrasonic inspection, is used to examine the internal or volumetric integrity of welding or materials where joint quality is condemnatory. It is also used to inspect the internal defects of the aerospace and automobile industries. Thus, this dominance is given to the expanding use of ultrasonic and radiographic inspections, which come under volumetric inspection in the automotive, public infrastructure, rail, and transport industries since they involve much welding in the manufacturing process. 

Besides volumetric inspection, the surface inspection segment is also estimated to accelerate market growth. It is attributed to various surface and sub-surface applications of eddy-current inspections, additionally, with the increased application of volumetric testing to detect cracks and lack of coherence on the covers of aircraft components. 

Asia-Pacific Non-destructive Testing (NDT) Market (2024-30): Regional Projection

Geographically, the Asia-Pacific Non-destructive Testing (NDT) Market expands across:

  • 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.

  • For instance: an American-based company i.e. ASNT (America Society for Non-destructive Testing) announced the establishment of ANST India Private Ltd., a new subsidiary for-profit corporation to conduct business operations in Chennai, India, to serve interests in the Asia Pacific region.

With growth in manufacturing and construction activities and companies turning to third-party non-destructive testing providers, the market is expected to fluctuate accordingly. 

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.

Gain a Competitive Edge with Our Asia-Pacific Non-destructive Testing (NDT) Market Report

  • Asia-Pacific Non-destructive Testing (NDT) Market Report by MarkNtel Advisors provides a detailed & thorough analysis of market size & share, growth rate, competitive landscape, and key players. This comprehensive analysis helps businesses gain a holistic understanding of the market dynamics & make informed decisions.
  • This report also highlights current market trends & future projections, allowing businesses to identify emerging opportunities & potential challenges. By understanding market forecasts, companies can align their strategies & stay ahead of the competition.
  • Asia-Pacific Non-destructive Testing (NDT) Market Report aids in assessing & mitigating risks associated with entering or operating in the market. By understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategies to minimize risks & optimize their operations.

Frequently Asked Questions

   A. The Asia-Pacific Non-destructive Testing (NDT) Market is expected to grow at a compound annual growth rate (CAGR) of 7.5 % from 2024 to 2030.

   A. The Asia-Pacific Non-destructive Testing (NDT) market size was estimated at USD 3.2 Billion in 2023.

   A. Growing and Establishing Aerospace Industry in APAC is expected to drive the Asia-Pacific Non-destructive Testing (NDT) Market during 2024-30.

   A. Fujifilm Corporation, Bureau Veritas S.A., Nikon Metrology NV, Applus Services, S.A., Olympus Corporation, YXLON International Gmbh (COMET Group), NCS Testing Technology Co., Limited Acuren Inspection, Inc. (Rockwood Service Corporation), Intertek Group Plc., and SGS Group are the top players in the Asia-Pacific Non-destructive Testing (NDT) Market.

   A. Ultrasonic Testing segment held the largest share of the Asia-Pacific Non-destructive Testing (NDT) Market.

   A. Japan would present growth prospects in the Asia-Pacific Non-destructive Testing (NDT) Market during 2024-30.

   A. Emerging Technological Expansion and Advancement in Algorithm are the key trends shaping the growth of the Asia-Pacific Non-destructive Testing (NDT) Market.

   A. Evolving Power Generation Industry Especially in APAC Regions is the growth opportunities driving the Asia-Pacific Non-destructive Testing (NDT) Market.

  1. Introduction
    1. Product Definition
    2. Research Process
    3. Market Segmentation
    4. Assumptions
  2. Executive Summary
  3. Impact of COVID-19 on Asia-Pacific Non-Destructive Testing (NDT) Market
  4. Asia-Pacific Non-Destructive Testing (NDT) Market Trends & Insights
  5. Asia-Pacific Non-Destructive Testing (NDT) Market Dynamics
    1. Drivers
    2. Challenges
  6. Asia-Pacific Non-Destructive Testing (NDT) Market Hotspots & Opportunities
  7. Asia-Pacific Non-Destructive Testing (NDT) Market Outlook, 2019-2030
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Testing Technique
        1. Ultrasonic Testing
        2. Visual Inspection Testing
        3. Magnetic Particle Testing
        4. Liquid Penetrant Testing
        5. Eddy-Current Testing
        6. Radiography Testing
        7. Acoustic Emission Testing
      2. By Method
        1. Visual Inspection
        2. Surface Inspection
        3. Volumetric Inspection
      3. By End User
        1. Manufacturing
        2. Oil & Gas
        3. Automotive
        4. Construction
        5. Power Generation
        6. Aerospace & Defense
        7. Others (Public Infrastructure, etc.)
      4. By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Indonesia
        6. Rest of Asia Pacific
      5. By Company
        1. Revenue Shares
        2. Competition Characteristics
        3. Competitor Placement in MarkNtel Quadrant
  8. China Non-Destructive Testing (NDT) Market Outlook, 2019-2030
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Testing Technique
      2. By Method
      3. By End User
  9. India Non-Destructive Testing (NDT) Market Outlook, 2019-2030
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Testing Technique
      2. By Method
      3. By End User
  10. Japan Non-Destructive Testing (NDT) Market Outlook, 2019-2030
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Testing Technique
      2. By Method
      3. By End User
  11. South Korea Non-Destructive Testing (NDT) Market Outlook, 2019-2030
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Testing Technique
      2. By Method
      3. By End User
  12. Indonesia Non-Destructive Testing (NDT) Market Outlook, 2019-2030
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Testing Technique
      2. By Method
      3. By End User
  13. Asia-Pacific Non-Destructive Testing (NDT) Market Key Strategic Imperatives for Growth & Success
  14. Competition Outlook
    1. Competition Matrix
      1. Brand Specialization
      2. Target Markets
      3. Target End Users
      4. Research & Development
      5. Strategic Alliances
      6. Strategic Initiatives
    2. Company Profiles
      1. Acuren Inspection, Inc. (Rockwood Service Corporation)
      2. Applus Services, S.A.
      3. Bureau Veritas S.A.
      4. Fujifilm Corporation
      5. Intertek Group Plc.
      6. NCS Testing Technology Co., Limited
      7. Nikon Metrology NV
      8. Olympus Corporation
      9. SGS Group
      10. YXLON International Gmbh (COMET Group)
      11. Others
  15. Disclaimer


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