Asia-Pacific Non-destructive Testing (NDT) Market Poised for Robust Growth, Forecasted to Expand at 7.5% CAGR from  2024-30

MarkNtel Advisors has released its latest report highlighting strong growth in The  Asia-Pacific Non-destructive Testing (NDT)  Market size was valued at  USD 3.2 billion in 2023  & is estimated to grow at a CAGR of around 7.5% during the forecast period, ie, 2024-30. 

Report Coverage

This report offers a comprehensive analysis of the  Asia-Pacific Non-destructive Testing (NDT) Market,  providing valuable insights across historical trends, current dynamics, and future forecasts.

• Base Year:  2023
• Forecast Years:  2024-30
• Historical Years:  2019-22

Asia-Pacific Non-destructive Testing (NDT) Market Overview

The market is swiftly driven by the rapidly increasing demand to provide better equipment, machinery, infrastructure, and properties in various industries, including construction, healthcare, aerospace, and marine. In addition, with the surge of power industries, the rise in automotive, and construction, and the modification in current healthcare equipment to serve better, the need for non-destructive testing arises and drives the market. 

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Asia-Pacific Non-destructive Testing (NDT) Market Segmentation Outlook

The Asia-Pacific Non-destructive Testing (NDT) is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:

By Testing Technique

• Ultrasonic Testing
• Visual Inspection Testing
• Magnetic Particle Testing
• Liquid Penetrant Testing
• Eddy-Current Testing
• Radiography Testing
• Acoustic Emission Testing

By Method

• Visual Inspection
• Surface Inspection
• Volumetric Inspection

By End User

• Manufacturing
• Oil & Gas
• Automotive
• Construction
• Power Generation
• Aerospace & Defense
• Others (Public Infrastructure, etc.)

By Country

• China
• India
• Japan
• South Korea
• Indonesia
• Rest of Asia Pacific

Asia-Pacific Non-destructive Testing (NDT) Market Driver

Growing and Establishing Aerospace Industry in APAC: With the boom in tourism, the Asian wave, and other factors, the Aerospace industry is experiencing a continuous rise in the APAC region. The aerospace industry ensures the best quality structure, material, and strength standards, thus, implementing Non-destructive Testing. Non Destructive Testing Industry would grow given the solemnity required in the industry to detect and avoid failures in surface, cracks, etc., which could lead to numerous risks, including fatal accidents. Furthermore, since aircraft components are highly susceptible to fatigue cracks that could become hazardous, continuous application and modification of the NDT industry are guaranteed, which would further grow the market.

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Top Asia-Pacific Non-destructive Testing (NDT) Market Brands & Their Strategic Market Positioning

MarkNtel Advisors Research identifies Fujifilm Corporation, Bureau Veritas S.A., Nikon Metrology NV, Applus Services,   S.A., Olympus Corporation, YXLON International Gmbh (COMET Group), NCS   Testing Technology Co., Limited Acuren Inspection, Inc. (Rockwood Service   Corporation), Intertek Group Plc., and SGS Group Others as key players shaping the market landscape.

Asia-Pacific Non-destructive Testing (NDT) Market News

• 2023 :  Nikon IMBU  has launched three new models in its VOXLS range of X-ray CT (Computer Tomography) systems for Non-destructive inspection. The introduction of the 30 Series fills a specific need in the industry for users looking for an automation-ready system with the versatility to meet a wide range of industrial applications.
• 2023: Nikon Corp.  Acquires Avonix Imaging LLC- the US-based company to strengthen X-Ray digital  inspection solutions . Avonix has been a strategic X-ray CT equipment manufacturing partner to Nikon Industrial Metrology Business Unity. The company possesses extensive technical expertise in employing X-rays to examine the internal and external aspects of industrial components.

Key Questions Answered in the Report

• What is the market size (value & volume) along with the current & future trends, growth factors & challenges, etc.?
• How the industry has been evolving, and which segments would dominate the market during the forecast period?
• What are the key opportunity areas that companies foresee in the coming years 2030?
• Who are the key players in the market, and what are their competitive strengths?
• What are the key growth drivers & challenges associated with the market, and how would they impact the market through the forecast period?

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