Market Research Report Store Non-Destructive Testing (NDT) Market Estimated to | Page 4

2.2.2.3 Growth in aircraft fleet size 29
2.2.3 SUPPLY-SIDE INDICATORS 30
2.2.3.1 Increased R&D activities 30
2.2.3.2 Development of efficient materials 30
2.3 MARKET SIZE ESTIMATION 30
2.3.1 BOTTOM-UP APPROACH 31
2.3.2 TOP-DOWN APPROACH 32
2.4 MARKET BREAKDOWN & DATA TRIANGULATION 33
2.5 RESEARCH ASSUMPTIONS & LIMITATIONS 34
2.5.1 ASSUMPTIONS 34
2.5.2 LIMITATIONS 35
3 EXECUTIVE SUMMARY 36

4 PREMIUM INSIGHTS 41
4.1 ATTRACTIVE OPPORTUNITIES IN NDT MARKET 41
4.2 NDT MARKET, BY END-USER 42
4.3 NDT MARKET, BY TECHNIQUE 42
4.4 OPPORTUNITIES IN NDT MARKET: REGIONAL ANALYSIS 43
4.5 NDT MARKET, BY TECHNIQUE 43
4.6 BRICS NDT MARKET, BY END-USER 44
4.7 LIFE CYCLE ANALYSIS, BY REGION 45
5 MARKET OVERVIEW 46
5.1 INTRODUCTION 47
5.2 MARKET EVOLUTION 47
5.3 MARKET SEGMENTATION 48
5.3.1 BY METHOD 48
5.3.2 BY TECHNIQUE 49
5.3.3 BY APPLICATION 50
5.3.4 BY COMPONENT 51
5.3.5 BY END-USER 52
5.4 MARKET DYNAMICS 53
5.4.1 DRIVERS 54
5.4.1.1 Extending the useful life of aging infrastructure 54
5.4.1.2 Outsourcing of non-core activities and technical resource constraints 55
5.4.1.3 Stringent safety regulations formulated by governments 56
5.4.1.4 Emergence of Industrial Internet of Things 57
5.4.2 RESTRAINTS 57
5.4.2.1 Lack of skilled professionals 57
5.4.2.2 High cost of advanced NDT equipment 59
5.4.3 OPPORTUNITIES 59
5.4.3.1 New power generation projects 59
5.4.3.2 Integration of robotic technology 61