Ultrasonic Testing Market Size, Share, Growth Analysis, By Type(Time-of Flight Diffraction, Phased Array, Immersion Testing, Guided wave), By Vertical(Manufacturing, Oil & Gas, Aerospace, Government Infrastructure), By Equipment(Flaw Detectors, Imaging Systems, Bond Testers, Others), By Region - Industry Forecast 2024-2031

Report ID: SQMIG20I2252 | Region: Global | Published Date: April, 2024
Pages: 201 | Tables: 99 | Figures: 75

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.

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Ultrasonic Testing Market size was valued at USD 3.2 billion in 2022 and is poised to grow from USD 3.42 billion in 2023 to USD 5.88 billion by 2031, growing at a CAGR of 7% in the forecast period (2024-2031).

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 level. 'Sonotron NDT', 'Eddyfi Technologies', 'Bosello High Technology Srl.', 'GE Measurement & Control', 'Sonatest', 'LynX Inspection', 'Fischer Technologies Inc.', 'Olympus Corporation', 'NDT Global', 'Nortec', 'Baker Hughes', 'Zetec', 'Acuren', 'Cygnus Instruments Ltd.', 'Olympus', 'Intertek', 'Magnaflux', 'Yoke Industrial Corporation', 'Mistras'

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.

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 marketplace. Companies can add multiple functionalities to their products and even improve the efficiency of ultrasonic testing solutions itself.

North America is estimated to account for a dominant stance in the 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 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.

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Ultrasonic Testing Market Regional Insights

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