Research and Markets has announced the addition of the "Non-Destructive Testing (NDT) Market by Component, End-User, Technique, Application & Region - Global Forecast to 2022" report to their offering.
The non-destructive testing market is estimated to be USD 15.06 billion in 2016 and is projected to reach USD 24.23 billion by 2022, at a CAGR of 8.24% from 2016 to 2022.
The non-destructive testing market is witnessing growth due to increasing demand for new infrastructures and the growing need to renovate the existing aging infrastructure. Outsourcing of non-destructive testing operations to third-party vendors and emergence of Industrial Internet of Things (IIoT) are additional factors propelling the growth of this market. However, the non-destructive testing market faces a series of challenges with respect to high cost of advanced non-destructive testing equipment and lack of skilled technicians.
The BRICS countries are expected to lead the non-destructive testing market during the forecast period. BRICS countries that include China, India, Russia, Brazil, and South Africa collaboratively account for a significant share of the global non-destructive testing market in 2016. Increased spending on infrastructure and aerospace & defense sectors, coupled with the growing focus towards generation of nuclear energy is driving the growth of the non-destructive testing market.
Companies Mentioned:
- Ashtead Technology, Inc.
- Bosello High Technology S.R.L.
- Fujifilm Holding Corporation
- GE Measurement & Control
- Intertek Group PLC
- Mistras Group, Inc.
- Nikon Metrology, Inc.
- Olympus Corporation
- SGS S.A.
-
Sonatest Ltd.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Non-Destructive Testing Market, By Method
8 Non-Destructive Testing Market, By Technique
9 Non-Destructive Testing Market, By Application
10 Non-Destructive Testing Market, By Component
11 Non-Destructive Testing Market, By End User
12 Non-Destructive Testing Market, By Region
13 Competitive Landscape
14 Company Profiles
15 Appendix
For more information about this report visit http://www.researchandmarkets.com/research/p9zqql/nondestructive
View source version on businesswire.com: http://www.businesswire.com/news/home/20170112005501/en/