USD 3.2 billion
Ultrasonic Testing Market Size, Share, Growth Analysis, By Type (Phased Array, Immersion Testing), By Vertical (Manufacturing, Aerospace), By Equipment, By Services, By Region - Industry Forecast 2025-2032
Report ID:
SQMIG20I2252 |
Region:
Global |
Published Date: December, 2024
Pages:
201
|Tables:
99
|Figures:
75
Ultrasonic Testing Market Insights
Ultrasonic Testing Market size was valued at USD 3.42 Billion in 2023 and is poised to grow from USD 3.66 Billion in 2024 to USD 6.29 Billion by 2032, growing at a CAGR of 7% during the forecast period (2025-2032).
Ultrasonic testing uses ultrasonic waves to perform functions like flaw detection or thickness analysis. This is a non-destructive testing method used in different types of applications in numerous industry verticals. Rapid industrialization and a growing emphasis on quality control in the manufacturing space are also slated to bolster the demand for ultrasonic testing solutions and services over the coming years. Aviation and automotive industries are predicted to offer highly rewarding opportunities for ultrasonic testing companies across the forecast period and beyond. However, high initial investments and a shortage of skilled technicians to operate ultrasonic testing devices are projected to remain key constraints for market growth in the long run. North America is estimated to account for a dominant share of the global ultrasonic testing market owing to the rapid adoption of advanced non-destructive testing technologies. Use of robotics could also open up new avenues of opportunities for ultrasonic testing suppliers.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Phased Array
Fastest Growth
Time-of-flight Diffraction
Growth Rate
7% CAGR
Global Ultrasonic Testing Market ($ Bn)
Country Share for North America Region (%)
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Ultrasonic Testing Market Segmental Analysis
Global Ultrasonic Testing Market is segmented by Type, Vertical, Equipment, Services and region. Based on Type, the market is segmented into Time-of Flight Diffraction, Phased Array, Immersion Testing, Guided wave, Acoustography, Others. Based on Vertical, the market is segmented into Manufacturing, Oil & Gas, Aerospace, Government Infrastructure, Automotive, Power Generation, Marine, Others. Based on Equipment, the market is segmented into Bond Testers, Flaw Detectors, Imaging Systems, Industrial Scanners, Thickness Gauges, Transducers and Probes, Tube Inspection Systems. Based on Services, the market is segmented into Inspection Services, Training Services, Equipment Rental Services, Calibration Services. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis by Type
Phased array ultrasonic testing accounts for a dominant share of the global ultrasonic testing market. This type of ultrasonic testing is used to determine flaws and inspect complex components and products without causing damage. This testing saves cost and times by not destroying the products, which is why its being widely used for aviation applications.
The demand for time-of-flight diffraction ultrasonic testing is slated to increase at a notable pace over the coming years. This is one of the most reliable types of ultrasonic testing techniques available and is extensively used to inspect the integrity of weld joints on aircraft.
Analysis by Vertical
Manufacturing industry vertical is estimated to account for a dominant share of the global ultrasonic testing market. Rapidly expanding manufacturing activity around the world and growing emphasis on quality control are slated to bolster the demand for ultrasonic testing solutions over the coming years.
On the other hand, the demand for ultrasonic testing in the aerospace vertical is slated to increase at a fast CAGR across the forecast period and beyond. Increasing preference for non-destructive testing methods and high costs associated with destructive testing are pushing aircraft manufacturers to opt for ultrasonic testing solutions and services.
Global Ultrasonic Testing Market By Type
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Ultrasonic Testing Market Regional Insights
North America is estimated to account for a dominant stance in the global ultrasonic testing marketplace. High adoption of advanced testing techniques and growing emphasis on improving manufacturing quality in different industry verticals are projected to help North America maintain its dominance in the global landscape. The United States and Canada are leading markets for ultrasonic testing companies in this region. The presence of key aircraft manufacturers also helps this region maintain its dominance.
Rapid expansion of the manufacturing industry in the Asia Pacific region makes it the fastest-growing market in the world for ultrasonic testing companies. Presence of robust automotive manufacturing and growing infrastructure development are other factors that could uplift the demand for ultrasonic testing in this region. India, South Korea, Japan, and China are spearheading the ultrasonic testing demand outlook in the Asia Pacific region.
Global Ultrasonic Testing Market By Region
- Largest
- Fastest
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Ultrasonic Testing Market Dynamics
Drivers
High Adoption of Non-Destructive Testing
- Non-destructive testing (NDT) is a form a testing that does not damage the product while inspecting it in any way. This has helped manufacturers maintain quality without having to lose capital in destructive testing, hence preference for NDT is slated to benefit ultrasonic testing demand.
Advancements in Ultrasonic Technology
- With continual investments in advancements of technology, ultrasonic technology has come a long way and these advancements are being implemented in novel ultrasonic testing devices, which is slated to boost market growth.
Restraints
High Initial Investment
- Getting an ultrasonic testing device could be a major investment as some advanced devices are pretty expensive. These high costs are a barrier to adoption in small industries, which ultimately hurts market growth in the future.
Shortage of Skilled Technicians
- Operating and interpreting results from ultrasonic testing devices requires skilled technicians and there is a shortage of these around the world. No technicians to operate means less sales and thereby slowed market development.
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Ultrasonic Testing Market Competitive Landscape
Ultrasonic testing manufacturers focus on adding more functionality to their products by integrating advanced technologies. Companies can also collaborate with industry verticals to create custom ultrasonic testing devices for specific applications. Collaborations, mergers, and acquisitions will help ultrasonic testing companies expand their business reach on a global level.
Top Player’s Company Profiles
- Sonotron NDT (Israel)
- Eddyfi Technologies (Canada)
- Bosello High Technology Srl. (Italy)
- GE Measurement & Control (USA)
- Sonatest (United Kingdom)
- LynX Inspection (Canada)
- Fischer Technologies Inc. (USA)
- Olympus Corporation (Japan)
- NDT Global (Germany)
- Nortec (USA)
- Baker Hughes (USA)
- Zetec (USA)
- Acuren (USA)
- Cygnus Instruments Ltd. (United Kingdom)
- Olympus (Japan)
- Intertek (United Kingdom)
- Magnaflux (USA)
- Yoke Industrial Corporation (Taiwan)
- Mistras (USA)
Recent Developments
- In August 2023, Waygate Technologies, a leading name in the non-destructive testing space, announced the launch of a new portable roller probe for ultrasonic inspection. Krautkrämer RotoArray comPAct Industrial Inspection Solution was made with Baker Hughes novel patented technology.
- In May 2023, Vermon NDT, a leading provider of ultrasonic testing probes, announced the launch of its new online store that brings non-destructive ultrasonic testing to users fingertips.
Ultrasonic Testing Key Market Trends
- Integration with Robotics: Ultrasonic testing providers should focus on integrating their products with robotics technology to create automated solutions that are highly sought-after in the global marketplace. Companies can add multiple functionalities to their products and even improve the efficiency of ultrasonic testing solutions itself.
Ultrasonic Testing Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per Skyquest analysis, growing industrialization and high demand for quality products is projected to bolster the demand for ultrasonic testing over the coming years. However, high initial investments and dearth of skilled technicians is forecasted to inhibit ultrasonic testing market growth in the long run. North America is slated to dominate the global ultrasonic testing market owing to quick adoption of advanced NDT testing technologies and techniques. Integration with advanced technologies such as robotics could create lucrative opportunities for ultrasonic testing companies in the long run.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 2.8 billion |
| Market size value in 2031 | USD 5.59 billion |
| Growth Rate | 7.80% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Ultrasonic Testing Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Ultrasonic Testing Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Ultrasonic Testing Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Ultrasonic Testing Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Ultrasonic Testing Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Ultrasonic Testing Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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