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 News

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.

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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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