Based on method , the non-destructive testing market has been segmented into visual inspection , magnetic particle testing , liquid penetrant testing , ultrasonic testing , radiography , and eddy-current testing . The visual inspection segment is estimated to account for the largest share of the non-destructive testing market in 2016 . The ultrasonic testing segment of this market is expected to grow at the highest CAGR from 2016 to 2022 . Ultrasonic testing is used to measure the thickness of a wide range of metallic and non-metallic materials , and it is applicable in varied industries such as steel , manufacturing , aluminum construction , infrastructure , and power generation .
“ Non-destructive testing market in BRICS countries is projected to grow at the highest CAGR from 2016 to 2022 ”
The BRICS countries are expected to lead the non-destructive testing market during the forecast period . BRICS countries that include China , India , Russia , Brazil , and South Africa collaboratively account for a significant share of the global non-destructive testing market in 2016 . Increased spending on infrastructure and aerospace & defense sectors , coupled with the growing focus towards generation of nuclear energy is driving the growth of the non-destructive testing market .
Break-up of profile of primary participants for the non-destructive testing market :
• By Company Type - Tier 1 – 55 %, Tier 2 – 20 %, and Tier 3 – 25 %
• By Designation – C level – 35 %, Director level – 25 %, and Others – 40 %
• By Region – North America – 45 %, Europe – 20 %, Asia-Pacific – 30 %, and RoW – 5 %
Key companies operating in the non-destructive testing market include Olympus Corporation ( Japan ), MISTRAS Group , Inc . ( U . S .), Intertek Group Plc . ( U . K .), SGS S . A . ( Switzerland ), GE Measurement and Control ( U . S .), Nikon Metrology , Inc . ( U . S .), Ashtead Technology , Inc . ( U . S .), Sonatest Ltd . ( U . K .), Bosello High Technology S . R . L . ( Italy ), and Fujifilm Holding Corporation ( Japan ).
Research Coverage : The report analyzes the non-destructive testing market on the basis of component , application , end user , method , and technique , and maps these segments and subsegments across G7 Nations , BRICS , and rest of the world . The report provides an in-depth market intelligence regarding the market dynamics and major factors that influence the growth of the non-destructive testing market ( drivers , restraints , opportunities , and industry-specific challenges ), along with an analysis of micromarkets with respect to individual growth trends , future prospects , and their contribution to the overall non-destructive testing market .
Reasons to Buy the Report : From an insight perspective , this research report has focused on various levels of analysis — industry analysis ( industry trends ,), market share analysis of top players , supply chain analysis , and company profiles , which comprise and discuss the basic views on the competitive landscape ; emerging and high-growth segments ; high-growth regions and countries and their respective regulatory policies ; government initiatives ; and market drivers , restraints , opportunities , and challenges for the non-destructive testing market .