Market Research Report Store Non-Destructive Testing (NDT) Market Estimated to

"Non-Destructive Testing (NDT) Market Estimated to be USD 15.06 billion in 2016 and Projected to reach USD 24.23 billion by 2022, at a CAGR of 8.24% from 2016 to 2022 " published in June 2017. It is a professional and in-depth study. Summary Market Research Report Store announces a new report ＂Non-Destructive Testing (NDT) Market＂added to its database.The non-destructive testing market is estimated to be USD 15.06 billion in 2016 and is projected to reach USD 24.23 billion by 2022, at a CAGR of 8.24% from 2016 to 2022. The non-destructive testing market is witnessing growth due to increasing demand for new infrastructures and the growing need to renovate the existing aging infrastructure. Outsourcing of non-destructive testing operations to third-party vendors and emergence of Industrial Internet of Things (IIoT) are additional factors propelling the growth of this market. Detailed TOC Of Report @ https://www.marketresearchreportstore.com/ Ask a sample, click here [email protected] “The oil & gas segment is estimated to account for the largest market share” Based on end user, the oil & gas segment is estimated to account for the largest share of the non-destructive testing market in 2016. The aerospace & defense segment of this market is projected to grow at the highest CAGR from 2016 to 2022, owing to the extensive use of non-destructive techniques to detect flaws and imperfections in aerospace components. Moreover, factors such as safety, increased service intervals, reducing tolerance to disruption, low emission targets, and innovative materials have further contributed to the increased demand for non-destructive testing techniques in the aerospace & defense sector. “The services segment is estimated to account for the largest market share” Based on component, the non-destructive testing market has been segmented into equipment and services. The services segment is estimated to account for the largest share of the non-destructive testing market in 2016. The equipment segment of this market is expected to grow at the highest CAGR from 2016 to 2022, owing to increased quality awareness and the subsequent rise in demand for highly advanced products. “The ultrasonic testing segment is estimated to account for the largest market share”