NDT and Inspection Market Booming: Safeguarding Infrastructure Growth

NDT and Inspection Market Industry Growth: 

Reports from MarketsandMarkets and Future Market Insights both indicate the NDT and Inspection Market is experiencing significant growth. The market size is estimated to be around USD 11.7 billion in 2024, with projections reaching up to USD 31.0 billion by 2034 (Future Market Insights) or USD 18.4 billion by 2029 (MarketsandMarkets). This growth is attributed to increasing network complexity, rising safety concerns, and the adoption of new technologies.

• Focus on Technology: News outlets like OnestopNDT highlight NDT equipment and techniques advancements. Recent examples include the launch of a fast and future-ready ultrasonic thickness gauge by Evident and the development of a second-generation acoustic camera by SONOTEC.
• Specific Applications: News regarding specific NDT and Inspection market applications can also be found. OnestopNDT mentions a DNV Survey revealing both optimism and challenges in the Oil and Gas sector, where NDT plays a crucial role.

1 INTRODUCTION (Page No. — 33)

1.1 STUDY OBJECTIVES

1.2 MARKET DEFINITION

1.2.1 INCLUSIONS AND EXCLUSIONS

1.3 STUDY SCOPE

1.3.1 MARKETS COVERED

FIGURE 1 NDT AND INSPECTION MARKET SEGMENTATION

1.3.2 REGIONAL SCOPE

1.3.3 YEARS CONSIDERED

1.3.4 CURRENCY CONSIDERED

1.4 LIMITATIONS

1.5 STAKEHOLDERS

1.6 SUMMARY OF CHANGES

1. 7 RECESSION IMPACT

GET MORE INFORMATION https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=882 

2 RESEARCH METHODOLOGY (Page No. — 38)

2.1 RESEARCH DATA

FIGURE 2 NDT AND INSPECTION MARKET: RESEARCH DESIGN

2.1.1 SECONDARY DATA

2.1.1.1 Key data from secondary sources

2.1.1.2 Key secondary sources

2.1.2 PRIMARY DATA

2.1.2.1 Key data from primary sources

2.1.2.2 Key supply-side participants for primary interviews

2.1.2.3 Breakdown of primary interviews

2.1.2.4 Key industry insights

2.1.3 SECONDARY AND PRIMARY RESEARCH

2.2 MARKET SIZE ESTIMATION

FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE): REVENUE GENERATED BY KEY PLAYERS FROM NDT AND INSPECTION MARKET

FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (SUPPLY SIDE): ILLUSTRATION OF REVENUE ESTIMATION OF KEY PLAYERS IN NDT AND INSPECTION MARKET

FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 3 (DEMAND SIDE) — BOTTOM-UP ESTIMATION OF NDT AND INSPECTION MARKET BASED ON REGION

2.2.1 BOTTOM-UP APPROACH

2.2.1.1 Approach to derive market size using bottom-up analysis

FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH

2.2.2 TOP-DOWN APPROACH

2.2.2.1 Approach to derive market size using top-down analysis

FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH

2.3 MARKET SHARE ESTIMATION

2.4 DATA TRIANGULATION

FIGURE 8 DATA TRIANGULATION

2.5 RISK ASSESSMENT

TABLE 1 RISK ASSESSMENT

2.6 PARAMETERS CONSIDERED TO ANALYZE IMPACT OF RECESSION ON NDT AND INSPECTION MARKET

2.7 RESEARCH ASSUMPTIONS

2.8 RESEARCH LIMITATIONS