Which sector shows the highest adoption of X-ray non-destructive testing (NDT)?
The global consumption of X-ray non-destructive testing (NDT) increased to more than 30 million tonnes in the aerospace and automotive sectors and is projected to witness substantial growth over the upcoming years. X-ray detectors are widely used in industries such as aerospace and automotive because of their ability to provide great image quality and precision. X-ray detectors continue to play an important part in the aerospace industry's production and maintenance of flight-worthy vehicles. When specific applications are assessed for improvement using process analysis and new technologies, X-ray detection procedures frequently improve in terms of both overall cost and flaw detection reliability. Due to the sheer presence of various high-profile infrastructure locations in this region, the need for X-ray detectors for inspection is likely to rise throughout the forecast period.
What is the market size of X-ray non-destructive testing (NDT) in terms of value?
The global X-ray non-destructive testing (NDT) market is projected to increase at a significant CAGR of 13.50% in the coming years. In 2021, the global X-ray non-destructive testing (NDT) market was valued at USD 6529.5 million and was projected to reach a value of USD 13959.02 million by 2028. The demand for X-ray non-destructive testing (NDT) is projected to increase substantially in the coming years and is presumed to generate revenue opportunities for the key industry players worth USD 7429.52 million during the forecast period between 2022 and 2028.
How is the COVID-19 epidemic affecting the global market?
The COVID-19 pandemic outbreak has been unfavorable and unforeseen for all industry sectors, including automobiles, construction, airlines, and manufacturing. The COVID virus has spread to different parts of the world, and global sales of NDT and inspection equipment and services for major sectors like oil and gas and aerospace are predicted to fall by 10-15% in the fiscal year 2020. The fall in the number of new oil and exploration projects, the temporary shutdown of production facilities, and the drop in crude oil prices are all predicted to hinder the expansion of the NDT and inspection mark industries. The global supply chain instability and lower industrial productivity impacted the global economy. The virus's quick outbreak also impacted the companies' production and manufacturing capacities.
Interesting Facts about the X-Ray Non-Destructive Testing (NDT) Industry
The top 5 countries for X-ray non-destructive testing (NDT) exports are the U.S., Canada, the U.K., Germany, France, China, Japan, India, Brazil, Mexico, Saudi Arabia, and South Africa.
Stringent government regulations governing public safety and product quality, increased adoption of NDT, and rising demand to assess the health of aging assets are some of the major factors driving the NDT and inspection market's growth.
However, manufacturers' inability to try new testing and inspection techniques is due to a lack of awareness about the benefits of new NDT and inspection technologies.
North America had a major share in terms of volume as well as value in the global X-ray non-destructive testing (NDT) market in 2021 and is projected to continue its dominance over the forecast period.
Increasing automation in various industrial and government sites around the world to eliminate hazards and reduce malfunctioning of any system is expected to significantly drive the market.
Who are the top 10 players and companies in the X-ray Non-destructive Testing (NDT) market in terms of value and volume?
The key players in the global X-ray non-destructive testing (NDT) market in terms of value and volume include Zeiss, Fujifilm, General Electric, Shimadzu, Comet Group, Baker Hughes, Mistras Group, Inc., Spellman, Olympus Corporation, Teledyne, Rigaku, Nikon, Werth, Marietta, Applied Technical Services, SEC, Vidisco, and QSA Global. These leading players are focusing on new product development and technological innovation to improve their X-ray non-destructive testing (NDT) production and achieve a competitive market share on a global scale. Moreover, some regional and country-level players are also investing heavily to expand their product portfolios and enhance their sales. For instance, in May 2020, YXLON International launched its new operating X-ray inspection system with the innovative universal x-ray and C.T. system YXL ON UX20.
In September 2019, MISTRAS Group acquired New Century Software (U.S.), a leading provider of pipeline integrity management software and services to energy transportation companies.
In June 2019, Olympus Corporation launched the DSX1000 digital microscope, which significantly improves the inspection workflow of users and enables the analysis of a wide variety of samples with a single tool.
Who are the Top 10 Countries in the X-Ray Non-Destructive Testing (NDT) Market?
In the global X-ray non-destructive testing (NDT) market, the major countries are the U.S., Canada, the U.K., Germany, France, China, Japan, India, Brazil, Mexico, Saudi Arabia, and South Africa. During the forecast period, the U.S. held the largest share of the global NDT market. Furthermore, due to the presence of various high-profile infrastructure locations in this region, the need for X-ray detectors for inspection is likely to rise throughout the forecast period. The existence of large manufacturing industries such as automotive and heavy engineering, oil and gas, aerospace and defense, and power generation can be attributed to the U.S. in substantial measure. The United States alone is expected to add nearly 3.7 million. Between now and 2023, according to the International Energy Agency (IEA). These factors have resulted in a major increase in the demand for X-ray inspection systems, pushing their market expansion in the U.S. area.
Which is the key application area in the X-ray non-destructive testing (NDT) market?
The key applications of X-ray non-destructive testing (NDT) include aerospace and defense, automotive, construction, electronics and semiconductors, energy and power, and others. The Energy and Power segment holds a significant share of the market during the forecast period. Nuclear power is used to generate electricity in numerous countries across the world. Nuclear power facilities generate more than half of the electricity in several countries. Non-destructive procedures are widely used in a variety of applications, including fuel inspection. Many techniques, including ultrasonics, eddy current, radiographic tests, and acoustic procedures, are employed in this discipline.
What are the major driving factors for the X-ray non-destructive testing (NDT) market?
The growing need for automated technologies drives the market expansion of X-ray sensors for non-destructive testing. As flat-panel x-ray detectors become more widespread, a large market for x-ray detectors for non-destructive testing opens. Also, technology advancements in NDT, such as giant magnetoresistance (GMR) sensing and numerical modeling, as well as infrastructure advancements in emerging regions, are factors driving non-destructive testing adoption. Furthermore, improved X-ray detector quality and reduced X-ray detector pricing are driving the growth of the global X-ray detector market for non-destructive testing.
What are the major restraints for the X-ray non-destructive testing (NDT) market?
The key restraints of the global X-ray non-destructive testing (NDT) market, which are projected to hamper market growth, include a lack of skilled specialists, high equipment costs, and high maintenance costs. In addition to a lack of capable and competent individuals to carry out NDT and examination activities. Furthermore, large-scale infrastructure expansions are needed in both developed and developing countries.
Which region dominates the world X-ray non-destructive testing (NDT) market?
In 2021, Latin America dominated the global X-ray non-destructive testing (NDT) market and accounted for more than 40% of the market's revenue share, both in terms of value and volume. North America has by far the largest market for X-ray non-destructive testing equipment, followed by Europe and the Asia Pacific. North America had a revenue share of 38.4 percent in the global X-ray non-destructive testing equipment market. According to SIPRI Reports 2021, the growth in total military spending in 2020 was mostly affected by expenditure patterns in the United States and China. The United States boosted military spending for the third year in a row to $778 billion in 2020.
The region's developing countries are involved in the production of defined aircraft, which is projected to improve NDT and inspection equipment and services in the defined and aerospace industries. Many infrastructure expansion initiatives are now being built or are planned to be built, which is expected to drive the growth of the non-destructive testing equipment market in the region during the forecast period.
Segmentation of the Global X-Ray Non-Destructive Testing (NDT) Market
Global X-Ray Non-destructive Testing (NDT) Market – By Type
C.R. System
Static Flat Panel Detector
dynamic flat panel detector
Linear Sensor
Global X-ray Non-destructive Testing (NDT) Market – By Application
Aerospace and Defense
Automotive
Construction
Electronics and Semiconductors
Energy and Power
Explosive ordnance disposal (EOD) and improvised explosive devices (IED)
Heavy Industries
Manufacturing
Marine
Oil and Gas
Security
Transportation
Food, Drugs, and Drinks
Others
Frequently asked questions about the global X-ray non-destructive testing (NDT) industry
X-Ray Non-destructive Testing (NDT) market also suffered from COVID 19 pandemic, which resulted into decline in revenue generated in 2020
North America accounted for the highest share in the global X-Ray Non-destructive Testing (NDT) market in terms of value as well as volume
The growing need for automated technologies drives the market expansion of X-ray sensors for non-destructive testing. As flat panel x-ray detectors become more widespread, a large market for x-ray detectors for non-destructive testing opens.
Energy and Power X-Ray Non-destructive Testing (NDT) had a major share in 2021. Besides, Automotive is projected to witness the fastest growth.
Liner Sensors industry had a major share in the global market in 2021 and is projected to continue its dominance over the forecast period.
