Non-Destructive Testing Equipment Market Segments and Forecast By End Fmi | Page 5

Report Description

Advancement in electronics , robotics , and automation and development of user-friendly software have made these equipment more appealing to end-users . Incorporation of Non-destructive testing equipment has shown to reduce maintenance and repair costs in the long run , fuelling their demand from end-use industries .

Global Non-destructive Testing Equipment Market : Restraints

Although Non-destructive testing equipment offers good ROI in the long run , high initial investment is a deterrent for many organisations . Lack of product knowledge and skilled manpower continue to be a challenge for the adoption of these machines .

Global Non-destructive Testing Equipment Market : Trends and Opportunities

There are significant opportunities for existing- and new- players to differentiate their offerings through product innovation and competitive price offerings . Resurgence in development of infrastructure after the recession of 2007-08 is expected to provide ample growth opportunities to manufacturers . For many construction projects , carrying out Non-destructive testing has become an integral part of the overall process , and this trend is only going to be stronger over the forecast period . Development of automatic and laser based testing equipment are also expected to create new avenues of growth for this market .