Ultrasonic non-destructive testing equipment includes ultrasonic flaw detectors, thickness gauges and digital ultrasonic test systems used for non-invasive inspection of materials without harming the integrity of the subject. These equipment help identify surface and subsurface defects in various materials and components, and provides precise measurements of items.
The global Ultrasonic Non Destructive Testing Equipment Market is estimated to be valued at US$ 942.69 Mn in 2023 and is expected to exhibit a CAGR of 4.3% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The increased usage of ultrasonic non-destructive testing equipment in industrial sectors such as aerospace, manufacturing, oil & gas is one of the major trends driving the market growth. The stringent regulations regarding quality and safety across these industries have accelerated the adoption of advanced inspection techniques like ultrasonic testing. According to the Coherent Market Insights report, the aerospace industry held a substantial share in 2021 owing to high inspection requirements for aircraft components. Further, the growing oil & gas exploration and production activities, especially in North America and Asia Pacific are fueling the demand for pipeline inspection using these equipment. This in turn is expected to significantly contribute to the market expansion over the forecast period.
Segment Analysis
The global ultrasonic non destructive testing equipment market is dominated by the flaw detection segment. It held over 41% market share in 2024 and is expected to witness high growth during the forecast period. This is primarily because flaw detection is the most commonly used technology for non-destructive testing to detect internal or surface flaws in materials and components. The growing demand for maintenance, repair and safety inspections of critical components across industries such as oil and gas, aerospace and automotive is driving the growth of this segment.
Key Takeaways
The Global Ultrasonic Non Destructive Testing Equipment Market Size is estimated to be valued at US$ 942.69 Mn in 2023 and is expected to exhibit a CAGR of 4.3% over the forecast period 2024 to 2031.
Regional analysis
North America is currently the dominant region in the global ultrasonic non destructive testing equipment market. It accounted for around 33% share in 2024 owing to high demand from oil and gas, aerospace, and manufacturing industries in the US and Canada. The region is expected to witness steady growth driven by stringent regulations regarding maintenance and safety inspections of critical components. Asia Pacific region is also expected to grow at the fastest pace during the forecast period with China and India emerging as highly lucrative markets. This can be attributed to rising infrastructural development activities and expansion of manufacturing industry in these countries.
Key players
Key players operating in the ultrasonic non destructive testing equipment market are Aditya Birla Chemicals, Glanzstoff, Jilin Chemical Fiber Group Co. Ltd, Kelheim Fibers GmbH, LENZINGAG, Nanjing Chemical Fibre Co. Ltd, Sateri, SNIACE Group, Tangshan Sanyou Group Xingda Chemical Fibre Co. Ltd, Xinjiang Zhongtai Chemical Co. Ltd, and Yibin Grace Company Limited (Milan). These players are focusing on new product launches and expansion into fast growing regional markets to gain higher market share. For instance, Olympus Corporation launched new phased array ultrasonic testing systems with advanced capabilities for inspecting large and complex components in 2020.
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