세계의 비파괴 시험(NDT) 장비 시장(2024-2029년)

Increasing Investments in Aerospace and Defense and Power Generation Projects will Drive Transformational Growth by 2029

NDT stands for non-destructive testing, and as the name suggests, the equipment is used to test a material's properties without destroying its present or prospective usefulness.

This analysis examines the key trends in the global NDT equipment market and identifies the factors that drive and restrain market growth. With 2024 as the base year, this in-depth analysis covers NDT equipment, such as ultrasonic NDT equipment, magnetic and electromagnetic NDT equipment, radiography NDT equipment, remote visual inspection (RVI) equipment, and inspection robots. The forecast period runs from 2025 to 2029. A regional perspective of demand patterns in the Americas, Europe, Asia-Pacific, and the Middle East and Africa, in addition to forecasts by every equipment segment across different end-user industries, such as aerospace and defense (A&D), automotive and transportation (A&T), power generation, oil and gas (O&G), electronics, chemical, foundries, and others (food and beverage, paper and pulp, construction, textiles, and medical devices) is provided. The study concludes with growth opportunities emerging from the NDT equipment space that market participants and stakeholders can leverage.

Revenue Forecast

The revenue estimate for the base year 2024 is $3,272.5 million, with a CAGR of 4.2% for the study period 2024-2029.

Scope of Analysis

• Americas: United States, Canada, and countries in South America.
• Europe: Germany, United Kingdom, and France; Rest-of-Europe includes Italy, Scandinavia, CIS countries (Russia, Azerbaijan, Uzbekistan, Belarus, Kazakhstan, Kyrgyzstan, Moldova, Tajikistan, and Armenia), and other countries in the rest of Europe.
• Asia-Pacific (APAC): India, China, and Japan; Rest-of-APAC includes South Korea, Southeast Asia, Australia and New Zealand (ANZ), and other countries in the rest of APAC.
• Rest-of-World (ROW): Middle East (Bahrain, Egypt, Iran, Iraq, Israel, Turkey, Saudi Arabia, United Arab Emirates, Palestine, Kuwait, Oman, Lebanon), Africa (South Africa, West Africa, and Sub-Saharan countries).

By industry, NDT technologies are segmented as follows:

• UT equipment
• Aerospace and defense (A&D)
• Automotive and transportation (A&T)
• Oil and gas (O&G)
• Power generation
• Electronics
• Chemicals
• Others (paper and pulp, food and beverage, construction, metals, additive manufacturing (AM), textiles, and medical devices)
• Magnetic and electromagnetic test equipment
• A&D
• A&T
• O&G
• Power generation
• Foundries
• Others (paper and pulp, food and beverage, construction, textiles, and medical devices)
• RVI test equipment
• A&D
• A&T
• O&G
• Power generation
• Chemicals
• Others (paper and pulp, food and beverage, construction, textiles, and medical devices)
• Radiography test equipment
• A&D
• A&T
• O&G
• Power generation
• Electronics
• Chemicals
• Others (paper and pulp, food and beverage, construction, textiles, and medical devices)
• Inspection robots
• O&G
• Power generation
• Chemicals
• Others (paper and pulp, food and beverage, and construction)

The Impact of the Top 3 Strategic Imperatives on the NDT Equipment Industry

Innovative Business Models

• Why
• Traditionally, the NDT equipment market has relied on hardware sales for revenue generation. Today, hardware generates almost 95% of the revenue.
• However, market participants find that hardware-based revenue generation is saturated. As a result, they are turning toward software solutions to add value for customers and increase products' price-performance ratio.
• Hence, developing new business models that are software-centric becomes extremely important to witness higher growth, sustain, and lead the competition.
• Frost Perspective
• NDT equipment companies that generate significant revenue have invested in software and developed a software-centric business model or are currently in the development process.
• However, such initiatives are missing among smaller companies. Frost & Sullivan's analysis suggests that providing customer value and extending hardware capability is possible with software. Hence, market companies across all revenue segments should focus on developing software-focused business models.

Industry Convergence

• Why
• Combining precise measurement techniques with non-invasive inspection methods lays the foundation for fully integrated solutions for holistic asset integrity management and quality assurance.
• The interworking of dimensional metrology and NDT with Industry 4.0 technologies, such as cloud computing, big data, AI/ML, digital twin, and robotics, delivers enhanced value to customers.
• Frost Perspective
• Though the integration of the 2 disciplines is in the nascent stage, they are being used across all stages of the product development life cycle.
• Industry consolidation with potential partnerships, as well as acquisitions, is anticipated over the next 2-5 years.
• A holistic and versatile solution, computed tomography (CT) will lead this convergence trend.

Transformative Megatrends

• Why
• The growing emphasis on improving worker safety and enhancing inspection efficiency will continue to drive the adoption of digital technologies such as AR/VR, AI/ML, digital twins, and industrial metaverse.
• Frost Perspective
• Industrial metaverse will feature in the digital transformation roadmap of several NDT industry participants over the next 2-3 years.
• Through a metaverse platform, experts from different geographic locations will collaborate.

Growth Restraints

• The shortage of skilled technicians will affect the NDT equipment market during the forecast period.
• The high cost of NDT equipment will restrain market growth to a certain extent, especially in the emerging countries of APAC and ROW.

Growth Driver Analysis

Aging infrastructure is creating an intense need for regular inspection, thereby driving the Non-Destructive Testing (NDT) Equipment Market

• NDT denotes the technique used to inspect materials and components to detect and measure defects and deteriorations in their material properties prior to any failure occurring.
• The primary objective of NDT is to guarantee the safe use of engineering structures, as well as to maintain the high quality and performance of products.
• Hence, despite the current economic crisis, the need and demand for NDT will continue as an essential tool for assessing the residual life of assets in several industries, including O&G, power generation, and construction, thereby ensuring overall productivity. Thus, aging infrastructure will drive the NDT equipment market, and its impact will remain high during the forecast period.

Table of Contents

Research Scope

• Scope of Analysis
• Segmentation

Growth Environment: Transformation in the NDT Equipment Sector

• Why is it Increasingly Difficult to Grow?
• The Strategic Imperative 8™
• The Impact of the Top 3 Strategic Imperatives on the NDT Equipment Industry

Ecosystem in the NDT Equipment Sector

• Distribution Channels
• Competitive Environment
• Key Competitors

Growth Generator: NDT Equipment Sector

• Growth Metrics
• Growth Drivers
• Growth Driver Analysis
• Growth Restraints
• Growth Restraint Analysis
• Forecast Considerations
• Macroeconomic Factors, Global GDP Growth
• Macroeconomic Factors, Inflation and Interest Rates
• Revenue Forecast
• Revenue Forecast by Technology
• Revenue Forecast by Industry Vertical
• Revenue Forecast by Region
• Revenue Forecast by Country, Americas
• Revenue Forecast by Country, Europe
• Revenue Forecast by Country, APAC
• Forecast Analysis
• Pricing Trends and Forecast Analysis
• Revenue Share

Growth Generator: UT Equipment

• Growth Metrics
• Revenue Forecast
• Revenue Forecast by Type
• Revenue Forecast by Industry Vertical
• Revenue Forecast by Region
• Forecast Analysis

Growth Generator: Magnetic and Electromagnetic Test Equipment

• Growth Metrics
• Revenue Forecast
• Revenue Forecast by Industry Vertical
• Revenue Forecast by Region
• Forecast Analysis

Growth Generator: Radiography Test Equipment

• Growth Metrics
• Revenue Forecast
• Revenue Forecast by Type
• Revenue Forecast by Industry Vertical
• Revenue Forecast by Region
• Forecast Analysis

Growth Generator: RVI

• Growth Metrics
• Revenue Forecast
• Revenue Forecast by Industry Vertical
• Revenue Forecast by Region
• Forecast Analysis

Growth Generator: Inspection Robots

• Growth Metrics
• Revenue Forecast
• Revenue Forecast by Industry Vertical
• Revenue Forecast by Region
• Forecast Analysis

Growth Opportunity Universe in NDT Equipment Market

• Growth Opportunity 1: Workforce for NDT 4.0 Through Industrial Metaverse
• Growth Opportunity 2: Additive Manufacturing
• Growth Opportunity 3: NDT 4.0

Appendix & Next Steps

• Benefits and Impacts of Growth Opportunities
• Next Steps
• List of Exhibits
• Legal Disclaimer