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

Global 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 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.