What is the current size and annual growth rate of the non-destructive inspection equipment market?
The non-destructive inspection equipment market size has grown strongly in recent years. It will grow from $2.91 billion in 2024 to $3.14 billion in 2025 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to increasing demand for non-destructive inspection equipment in aerospace & defense industries, increasing demand for NDT methods in the oil, gas, and power industries, increasing demand for advanced material testing, increasing government investments in oil & natural gas, increasing focus on safety requirements and quality control.
The non-destructive inspection equipment market size is expected to see strong growth in the next few years. It will grow to $4.02 billion in 2029 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to growing focus on safety and reliability, rising use of classic non-destructive testing (NDT) methods, increasing awareness about enhancing operational efficiency, increasing rig fleet, increasing expansion of the renewable energy sector. Major trends in the forecast period include integration of advanced imaging technologies, growth of robotics and automation, use of artificial intelligence (AI) and machine learning (ML), development and adoption of portable and handheld NDI devices, digitalization and connectivity, focus on environmental and energy efficiency.
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Which industry factors have accelerated the non-destructive inspection equipment market’s expansion?
The rising oil and gas industry is expected to propel the growth of the non-destructive inspection equipment market going forward. The oil and gas industry are rising due to their critical role in powering transportation, heating, generating electricity, and serving as raw materials for various industries, including aviation, automotive, machinery and others. Non-destructive inspection equipment is essential for the oil and gas industry as it ensures the integrity and safety of infrastructure and equipment by detecting defects without causing damage, thereby preventing accidents and costly downtime. For instance, according to the U.S. Energy Information Administration, a US-based government agency, in November 2023, U.S. crude oil production reached 13,308 thousand barrels per day, up from 12,376 thousand barrels per day in November 2022. Similarly, U.S. natural gas gross withdrawals were 128,064 million cubic feet per day in November 2023, increasing from 123,740 million cubic feet per day in the same month of 2022. Therefore, the rising oil and gas industry is driving the growth of the non-destructive inspection equipment market.
What are the primary segments of the non-destructive inspection equipment market?
The non-destructive inspection equipment market covered in this report is segmented –
1) By Technology: Radiography Testing Equipment, Ultrasonic Testing Equipment, Magnetic Particle Testing Equipment, Liquid Penetrant Testing Equipment, Visual Inspection Equipment, Eddy Current Equipment
2) By Method: Visual Inspection, Surface Inspection, Volumetric Inspection
3) By Application: Flaw Detection, Dimensional Measurement, Chemical Composition Determination, Stress And Structure Analysis, Physical Properties Estimation, Leak Detection, Weld Verification, Other Applications
4) By Vertical: Manufacturing, Oil And Gas, Power Generation, Aerospace, Automotive, Public Infrastructure, Other Verticals
Subsegments:
1) By Radiography Testing Equipment: X-Ray Inspection Equipment, Gamma-Ray Inspection Equipment
2) By Ultrasonic Testing Equipment: Digital Ultrasonic Testing Equipment, Phased Array Ultrasonic Testing (PAUT) Equipment, Time-Of-Flight Diffraction (TOFD) Equipment
3) By Magnetic Particle Testing Equipment: Portable Magnetic Particle Testing Equipment, Fixed Magnetic Particle Testing Equipment
4) By Liquid Penetrant Testing Equipment: Water-Based Penetrant Testing Equipment, Oil-Based Penetrant Testing Equipment
5) By Visual Inspection Equipment: Borescopes And Endoscopes, Visual Inspection Cameras, Digital And Video Inspection Systems
6) By Eddy Current Equipment: Portable Eddy Current Testing Equipment, Eddy Current Flaw Detectors, Eddy Current Probes And Sensors
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Global Non-Destructive Inspection Equipment Market Size Report 2025
Which firms are leading the non-destructive inspection equipment market?
Major companies operating in the non-destructive inspection equipment market are Hitachi Ltd., TESCO Corporation, Siemens AG, Mitsubishi Heavy Industries Ltd., Baker Hughes Company, Illinois Tool Works Inc., Carl Zeiss AG, Olympus Corporation, Ametek Inc., Hexagon AB, Nikon Corporation, Mettler-Toledo International Inc., Mistras Group Inc., Comet Holding AG, FARO Technologies, Eddyfi Technologies, Zetec Inc., Sonatest Ltd., Ritec Inc., Echo Ultrasonics LLC, Dolphitech AS, OKOndt Group, Fischer Technologies Inc., Danatronics Corporation, Promag Technologies Development Limited
Which market trends are set to define the future of the non-destructive inspection equipment market?
Major companies operating in the non-destructive inspection equipment market are focused on developing advanced inspection products, such as ultrasonic inspection device, to sustain their position in the market. An ultrasonic inspection device is a type of non-destructive testing (NDT) equipment that utilizes high-frequency sound waves to assess the integrity, quality, and characteristics of materials. For instance, in August 2023, Baker Hughes Company, a US-based energy technology company, launched krautkrämer rotoarray through its subsidiary Waygate Technologies LP, an industrial inspection solutions company of Baker Huges. The rotoarray is a phased array ultrasonic inspection system that provides high-speed full-body tube testing using spinning ultrasonic probes for seamless and electrical resistance welded (ERW) tubes. This innovative solution provides efficient and accurate inspection capabilities for various industrial applications, ensuring product quality, safety, and reliability. The equipment is designed for large-scale composite material inspection and has upgraded roller probes for improved connectivity and portability.
Which geographic trends are shaping the non-destructive inspection equipment market, and which region has the highest market share?
North America was the largest region in the non-destructive inspection equipment market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the non-destructive inspection equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Non-Destructive Inspection Equipment Market Report 2025 Offer?
The non-destructive inspection equipment market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Non-destructive inspection equipment refers to tools and devices used to evaluate the properties, composition, or integrity of materials, components, or structures without causing damage. These equipment ensures the safety of working components by detecting defects, material degradation, or weaknesses without compromising their structural integrity.
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Global Non-Destructive Inspection Equipment Market Size Report 2025
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