The NDT services market size has witnessed significant growth in recent years, rising from $16.3 billion in 2024 to a projected $17.99 billion in 2025 at a compound annual growth rate (CAGR) of 10.4%. This growth during the historic period can be accredited to factors such as infrastructure development, skills enhancement, environmental concerns, and cyclical industry trends.
According to predictions, the NDT services market size is expected to experience vigorous growth in the coming years. Projected growth estimates indicate a rise to $26.12 billion in 2029 at a CAGR of 9.8%. Factors contributing to this anticipated growth in the forecast period encompass aerospace industry growth, the expansion of renewable energy, safety and quality assurance, digitalization, and integration of Industry 4.0, and cost-effective solutions. Key trends shaping the forecast period include market consolidation, a focused approach on asset management, and explicit requirements for quality assurance.
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What Are The Key Drivers Of The NDT Services Market
One significant driver propelling the growth of the NDT services market is the increasing use of renewable energy resources. Renewable energy, which refers to natural sources that regenerate faster than they are consumed, plays a crucial role in the NDT services industry. Non-destructive testing is deployed in the production of renewable energy sources, for instance, the testing of wind turbines using ultrasonic waves. As reported in 2022 by Invest India, the National Investment Promotion and Facilitation Agency, India witnessed the largest year-on-year growth in renewable energy additions at 9.83%. This surge in renewable energy use is a significant factor driving the growth of the NDT services market.
How Is The NDT Services Market Segmented?
1) By Type: Inspection Services, Equipment Rental Services, Training Services, Calibration Services
2) By Testing Technique Model: Visual Inspection, Magnetic Particle, Liquid Penetrant, Eddy Current, Ultrasonic, Radiographic, Acoustic Emission, Terahertz Imaging
3) By Vertical Type: Manufacturing, Oil And Gas, Aerospace, Government Infrastructure And Public Safety, Automotive, Power Generation, Other Verticals
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Who Are The Major Players In The NDT Services Market?
The NDT services market is marked by the presence of several major companies such as Mistras Group Inc., Olympus Corporation, Nikon Metrology NV, TÜV Rheinland Group, Intertek Group PLC, TEAM Inc., General Electric Company, Ashtead Technology Ltd., Zetec Inc., Yxlon international GMBH, ALS Limited, Applus+, Bureau Veritas SA, Dekra SE, Fischer Technologies Inc., Previan Technologies, SGS SA, Det Norske Veritas, Registro Italiano Navale, NDT Global Limited, NDT Kit Inc., NDT Systems Inc., Sonatest PLC, Eddyfi Technologies Inc., HMT Inspection Inc., NDT Solutions Inc., Carl Zeiss Industrial Metrology GmbH, American Bureau of Shipping, Lloyd’s Register, NDT Services Limited.
What Trends Are Shaping The NDT Services Market?
The emergence of technological advances is a trend that’s gained significant traction in the NDT services market. Major companies operating the market are focusing on creating innovative technologies to maintain their market presence. For instance, in October 2022, UK-based NDT services company, ICR Integrity, launched INSONO, an innovative NDT technique used for inspecting composite repairs applied to metallic components.
Which Is The Largest NDT Services Market Region?
North America holds the greatest market share in the NDT services market as of 2024. Other regions analysed in the NDT Services market report are Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.
What Does The NDT Services Market Report 2025 Offer?
NDT Services are a range of inspection techniques that enables evaluation of a material, system, or component without inducing any lasting alterations. The intent behind these services is to inspect the characteristics of a given material, structure, or system, without modifying the original component, to help identify common variations or welding flaws and discontinuities.
The NDT Services Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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