|
Forecast
Period
|
2024-2028
|
|
Market
Size (2022)
|
USD
2.5 Billion
|
|
CAGR
(2023-2028)
|
7.2%
|
|
Fastest
Growing Segment
|
Oil & Gas
|
|
Largest
Market
|
North
America
|
Market Overview
Global
Non-Destructive Inspection Equipment Market was valued at USD 2.5 Billion in
2022 and is anticipated to project robust growth in the forecast period with a
CAGR of 7.2 %through 2028. Increasing adoption of non-destructive
testing (NDT) in the aerospace sector drives non-destructive inspection
equipment market growth.
Key Market Drivers
Adoption
of Non-Destructive Material
Non-destructive
testing (NDT) is a cutting-edge technology for detecting and evaluating
material flaws. Destructive testing is used to identify aircraft component
qualities such as fracture toughness, tensile strength, and flexibility. NDT is
essential in the aerospace sector for designing, manufacturing, and servicing
aircraft. It is the most precise approach for testing aircraft components and
materials without destroying them. The aircraft sector demands the highest
structural, material, and performance standards. According to a survey by an
aviation consulting business, the rate of fatal accidents for large commercial
jets was 0.3 per million flights in 2018, and it has since dropped to 0.18
accidents per million flights in 2019. NDT is a common testing method for
inspecting aircraft parts and components before assembly. Aircraft components
are especially susceptible to fatigue cracks, which can expand over time.Almost
80% of inspections in aircraft worldwide are performed using the visual
inspecting testing approach to find damage symptoms. However, various testing
methods and procedures are gaining momentum in examining an aircraft component,
including acoustic emission testing, liquid penetration, electromagnetic
testing, radiography, ground penetration, magnetic particle, and eddy-current
testing. The availability and increased usage of excellent non-destructive
inspection technologies for detecting fractures, faults, and leaks in an
aircraft's system, components, and parts will drive future market CAGR
growth.The NDT approach incorporates R&D processes, training, and
service-based supply chains in the oil, gas, automotive, and power industries.
This technology is used in the oil & gas industry to inspect pipeline
internal and external corrosion. NDT inspects pressure systems and steam and
gas turbines in the power sector. In nuclear power plants, this approach is
utilized to inspect fuel rods, tiny valves, waste containers, and waste
management equipment. As a result, increased demand for NDT methods in the oil,
gas, and power industries further boosts the non-destructive inspection
equipment market revenue. For example, in October 2020, Novosound introduced
new advanced NDT product series such as Belenus, Kelpie, and Nebula. These
devices simplify NDT inspections and save downtime in the oil & gas,
energy, aerospace, and renewables industries
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Key Market Challenges
Technological
Complexity and Innovation
One
of the primary challenges in the NDI Equipment Market is the continuous
evolution of technology and the need for innovative inspection methods. As
industries advance, materials become more complex, and manufacturing processes
become more sophisticated, NDI equipment must keep pace. Developing inspection
technologies capable of detecting defects in a wide range of materials,
including composites and alloys, presents a constant challenge.
Moreover,
the integration of emerging technologies such as artificial intelligence (AI),
machine learning, and advanced sensors into NDI equipment adds to the
complexity. While these technologies offer the potential for more accurate and
efficient inspections, implementing them effectively requires overcoming
technical challenges, ensuring compatibility, and addressing the learning curve
associated with new inspection methodologies.
Regulatory
Compliance and Standardization:
Ensuring
regulatory compliance and adherence to industry standards is a significant
challenge in the NDI Equipment Market. Different industries, such as aerospace,
automotive, and energy, have specific regulations and standards governing the
inspection of components and structures. NDI equipment manufacturers and users
must navigate a complex landscape of regulations to ensure that their equipment
and inspection processes meet the required criteria.
Harmonizing
standards across industries and regions is an ongoing challenge. The lack of
universal standards can lead to inconsistencies in inspection procedures and
equipment specifications. Achieving consensus on standardized NDI practices is
crucial for promoting interoperability, facilitating international trade, and
ensuring that inspection results are universally accepted.
Cost
Considerations and Return on Investment (ROI):
The
cost of acquiring and maintaining advanced NDI equipment can be a significant
barrier for industries, especially for smaller enterprises. High-end inspection
technologies often come with a substantial price tag, making it challenging for
some businesses to invest in state-of-the-art equipment. The challenge lies in
striking a balance between the need for cutting-edge inspection capabilities
and the economic constraints faced by industries, particularly in competitive
markets.
Demonstrating
a clear return on investment (ROI) for NDI equipment is crucial for justifying
the upfront costs. Manufacturers and service providers in the NDI Equipment
Market must articulate the long-term benefits, such as improved product
quality, reduced downtime, and enhanced safety, to convince stakeholders of the
value proposition associated with investing in advanced inspection
technologies.
Training
and Skilled Workforce:
The
effective use of NDI equipment requires a skilled and knowledgeable workforce.
Training personnel to operate, interpret results, and troubleshoot issues with
advanced inspection technologies is a persistent challenge. As equipment
becomes more sophisticated, the demand for qualified NDI professionals grows.
In
some cases, there is a shortage of skilled NDI technicians, leading to a gap
between the demand for inspection services and the availability of trained
personnel. Bridging this skills gap requires investment in training programs,
collaboration between industry and educational institutions, and the
development of certification standards to ensure the competence of NDI
practitioners.
Rapid
Technological Obsolescence:
The
pace of technological advancement in the NDI Equipment Market introduces the
challenge of rapid obsolescence. As new and improved inspection technologies
emerge, older equipment may become outdated, posing challenges for businesses
that have made substantial investments in existing systems. This dynamic
environment necessitates a strategic approach to equipment acquisition,
considering factors such as scalability and the potential for future upgrades.
The
risk of equipment obsolescence also emphasizes the importance of flexibility in
NDI equipment design. Modular and upgradeable systems can help mitigate the
impact of rapid technological changes, allowing users to integrate new features
or replace components without the need for a complete overhaul of their
inspection infrastructure.
Complex
Inspection Environments:
Certain
inspection environments pose unique challenges for NDI equipment. For example,
conducting inspections in harsh or extreme conditions, such as high
temperatures, corrosive environments, or confined spaces, can be logistically
challenging. NDI equipment must be robust and adaptable to perform effectively
in diverse operational settings.
The
development of inspection technologies that can withstand extreme conditions
without compromising accuracy is an ongoing challenge. Adapting equipment to
address specific environmental challenges requires collaboration between NDI
equipment manufacturers, end-users, and research institutions to develop
solutions tailored to the demands of various industries. With the increasing
complexity of inspection technologies, the volume of data generated during
inspections has grown exponentially. Managing, storing, and analyzing this vast
amount of data present significant challenges for industries relying on NDI
equipment. Efficient data management is crucial for extracting meaningful
insights, identifying trends, and making informed decisions based on inspection
results.
The
integration of data analytics, machine learning, and artificial intelligence
into NDI equipment introduces opportunities for automating the analysis
process. However, deploying these technologies effectively requires addressing
issues related to data security, privacy, and the development of algorithms
capable of handling diverse datasets.
Key Market Trends
Integration
of Advanced Imaging Technologies
One
of the prominent trends in the NDI Equipment Market is the integration of
advanced imaging technologies for enhanced inspection capabilities. Traditional
inspection methods, such as radiography and ultrasonics, are being complemented
and, in some cases, replaced by advanced imaging technologies like computed
tomography (CT) scanning and digital radiography.
CT
scanning, for example, provides three-dimensional images of internal
structures, allowing for more detailed and comprehensive inspections. This
trend is driven by the demand for higher resolution, improved defect detection,
and the ability to visualize complex structures with greater precision. The
integration of advanced imaging technologies contributes to more accurate and
efficient non-destructive inspections, particularly in industries where the
integrity of materials and components is critical.
Growth
of Robotics and Automation:
The
NDI Equipment Market is experiencing a significant trend towards the
incorporation of robotics and automation in inspection processes. Automated
inspection systems, often equipped with advanced sensors and imaging
technologies, enable faster and more consistent inspections while reducing the
reliance on manual labor.
Robotics
in non-destructive inspection is particularly beneficial in industries where
access to components may be challenging or hazardous for human inspectors.
Robotic systems can navigate complex structures, conduct inspections in
confined spaces, and operate in harsh environments. This trend aligns with the
broader industry push towards Industry 4.0 and smart manufacturing, emphasizing
the integration of automation for improved efficiency and safety.
Use
of Artificial Intelligence (AI) and Machine Learning (ML):
The
integration of artificial intelligence (AI) and machine learning (ML) is a
transformative trend in the NDI Equipment Market. These technologies enhance
the analysis of inspection data, improve defect recognition, and enable
predictive maintenance strategies. AI and ML algorithms can learn from large
datasets, identify patterns, and optimize inspection processes over time.
Incorporating
AI and ML into NDI equipment facilitates real-time decision-making, reduces
human error, and enhances the overall reliability of inspection results. The
trend towards intelligent, data-driven inspection solutions represents a
paradigm shift in how industries approach quality control and asset integrity,
moving from reactive to proactive maintenance strategies.
Portable
and Handheld Inspection Devices:
There
is a growing trend towards the development and adoption of portable and
handheld NDI devices. Traditional inspection methods often involve large and
stationary equipment, limiting their applicability in certain scenarios.
Portable and handheld devices offer greater flexibility, allowing inspectors to
conduct on-site inspections, especially in locations where bringing large
equipment may be impractical.
These
devices are particularly beneficial in industries such as oil and gas,
aerospace, and construction, where field inspections are common. The trend
towards portability aligns with the need for agile and versatile inspection
solutions that can adapt to diverse operational environments.
Digitalization
and Connectivity:
Digitalization
and connectivity are becoming integral trends in the NDI Equipment Market,
reflecting the broader shift towards Industry 4.0. Digital platforms and
connectivity solutions enable the seamless integration of inspection data into
larger enterprise systems. This facilitates real-time monitoring, data
analysis, and decision-making, contributing to more efficient and proactive
maintenance strategies.
The
use of cloud-based platforms for data storage and analysis is gaining traction,
allowing stakeholders to access inspection results remotely. Digitalization
also supports the development of comprehensive digital twins, virtual replicas
of physical assets, enabling a more in-depth understanding of structural
integrity and facilitating predictive maintenance.
Focus
on Environmental and Energy Efficiency:
There
is a growing trend in the NDI Equipment Market towards environmentally friendly
and energy-efficient inspection solutions. As sustainability becomes a priority
for industries worldwide, there is an increased emphasis on developing
inspection technologies that minimize environmental impact and energy
consumption.
Efforts
are being made to design NDI equipment that reduces waste, uses eco-friendly
materials, and operates with lower energy requirements. This trend aligns with
the broader corporate responsibility initiatives of companies aiming to balance
technological advancements with environmental sustainability.
Expansion
of Non-Destructive Testing in New Industries:
Non-destructive
testing is expanding its footprint into new industries, driven by the need for
quality control, safety assurance, and compliance with regulations. While
traditional industries such as aerospace, automotive, and energy have been
primary users of NDI equipment, there is a growing trend towards its adoption
in emerging sectors.
Industries
such as additive manufacturing, renewable energy, and medical devices are
increasingly recognizing the value of non-destructive testing in ensuring the
integrity of their products and components. This expansion into new industries
broadens the market for NDI equipment, creating opportunities for innovation
and customization to meet the specific needs of diverse applications.
The
NDI Equipment Market is closely tied to advancements in materials and sensor
technologies. As industries develop and utilize new materials with unique
properties, the need for corresponding inspection methods increases.
Additionally, sensor technologies play a crucial role in enhancing the
sensitivity and accuracy of NDI equipment.
Advancements
in materials science, such as the widespread use of composites in aerospace,
drive the development of inspection methods capable of detecting defects in
these materials. Similarly, improvements in sensor technologies, including the
development of more sensitive and compact sensors, contribute to the evolution
of NDI equipment.
Segmental Insights
End User Industry
Insights
The oil and gas industry accounts for the largest
market share as nondestructive testing plays a critical role in the industry
for both the integrity of equipment and the safety of petroleum refining and
extraction operations. Ultrasonic and eddy current NDT testing solutions are
often used in the industry for careful inspection of welds and metals for flaws
and corrosion, which helps keep potentially hazardous chemicals and fluids
safely contained within pipes and pressure vessels.
Moreover, oil and gas have carbon, hydrogen, and
sulfides that have the ability to corrode steel unpredictably and with
unexpected speed. NDT provides an effective method for inspecting these
materials and detecting corrosion before it creates a larger-scale issue.
According to Baker Hughes, as of October 2022, there were 966 land rigs in that
region, with a further 14 rigs located offshore.
One of the primary drivers of the increased
deployment of NDT technologies is the rising number of oil and gas projects
globally. Though oil demand decreased in 2020 due to the pandemic, it has
gradually started recovering. For instance, as per IEA, global oil consumption
is projected to reach 104.1 mb/d by 2026, representing an increase of 4.4 mb/d
from 2019 levels. Moreover, in 2021, there was a significant increase in the
global rig fleet as oil demand increased again following the pandemic-induced
economic slump.
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Regional Insights
- Asia Pacific is Expected
to be the Fastest Growing Market. The end-user industries
in the United States, such as manufacturing, transportation, aviation, oil and
gas, marine, and power generation, among others, are governed by many different
federal and state agencies that require mandatory NDT testing for inspection.
Non-destructive testing (NDT) ensures the continued operation and safety of
infrastructure and equipment across the United States. Often, the use of non-destructive
testing equipment is required in the United States as a law.
- For instance, according to the Federal
Aviation Administration (FAA), the 200,000+ aircraft in the United States must
undergo periodic safety inspections using NDT. Also, the military equipment is
subjected to Department of Defense NDT standards. These standards are often
made using the information provided by independent testing associations, such
as the American Society for Nondestructive Testing (ASNT). According to the US
Energy Information Administration, US crude oil production averaged 9.9 million
b/d in February 2021, which was down by 1.2 million b/d from January. The US
crude oil production in the forecast averages 11.3 million b/d in the fourth
quarter of 2021 and then rises to an average of 11.8 million b/d in 2022. The
need for more pipeline transportation capacity and increasing crude oil
production have propelled the expansion of crude oil pipeline infrastructure.
Such an increase in the need for oil and gas infrastructure is expected to fuel
the demand for NDT equipment in the market.
- The Canadian GDP is majorly dominated by the
oil and gas sector, with capital investments and exports. Attractive provincial
incentives to encourage drilling, increased implementation of long horizontal
wells and multistage fracturing in shale resources are the major drivers in the
growth of the Canadian oil and gas industry. Also, in 2021, the country's oil
and gas extraction industry saw growth in revenue after experiencing a
turbulent 2020, driven by a rebound in economic activity and demand for energy
products. For instance, in 2021, Canada's oil and gas extraction companies
reported total assets of USD 452.9 billion, up 2.6% from 2020, as per
Statistics Canada.
- With NDT being one of the most common methods
to evaluate the properties of oil and gas pipelines without destroying the
serviceability of the original system, the increase in oil and gas production
translates to a higher demand for the market. The aerospace industry in Canada
continues to be a significant contributor to the economy and accounts for a
substantial portion of the total demand for NDT equipment in the region. As per
the State of Canada’s Aerospace Industry Report released by the Aerospace Industries
Association of Canada (AIAC), in partnership with Innovation, Science, and
Economic Development Canada (ISED), the Canadian aerospace industry contributed
over USD 24 billion in GDP in 2021.
Recent Developments
- September 2022 - WaygateTechnologies, a Baker Hughes business
and world leader in nondestructive testing (NDT) solutions for industrial
inspection, introduced Krautkrämer SpotVision, a new phased array ultrasonic
solution for spot weld inspection. By using the inspection device, e.g., on
chassis parts during the manufacturing process, car companies can reduce
downtime while ensuring that their products meet high-quality standards and
product safety is guaranteed. The Krautkrämer SpotVisionsolution combines a new
phased array probe with the latest software and the KrautkrämerMentor UT flaw
detector.
- March 2022 - Bureau Veritas joined VAKT, a blockchain-enabled
platform designed to shape trust between commodities traders. With its help,
the company would receive nominations digitally via the platform and upload all
test and inspection data once work is complete.
Key Market Players
- OKOndt Group
- Promag Technologies Development Limited
- MFE Inspection Solutions
- Labquip (Ireland) Limited
- Stanlay
- TWI Ltd
- Nexxis
- Baker Hughes Company
- Non-Destructive Testing (NDT) Products Limited
- Olympus CorporationZetec Inc
|
By Technology
|
By End-user Industry
|
By
Region
|
- Radiography
Testing Equipment
- Ultrasonic
Testing Equipment
- Magnetic
Particle Testing Equipment
- Liquid
Penetrant Testing Equipment
- Visual
Inspection Equipment
- Eddy
Current Equipment
|
- Oil
and Gas
- Power
and Energy
- Aerospace
and Defense
- Automotive
and Transportation
- Construction
|
- North
America
- Europe
- South America
- Middle
East & Africa
- Asia
Pacific
|
|
Report
Scope:
In this report, the Global
Non-Destructive Inspection Equipment Market has been segmented into the following
categories, in addition to the industry trends which have also been detailed
below:
- Global Non-Destructive Inspection
Equipment Market, By Technology:
o Radiography
Testing Equipment
o Ultrasonic
Testing Equipment
o Magnetic
Particle Testing Equipment
o Liquid
Penetrant Testing Equipment
o Visual
Inspection Equipment
o
Eddy Current Equipment
- Global Non-Destructive Inspection
Equipment Market, By End user Industry:
o Oil and
Gas
o Power
and Energy
o Aerospace
and Defense
o Automotive
and Transportation
o
Construction
- Global Non-Destructive Inspection Equipment Market, By
Region:
o North
America
§ United
States
§ Canada
§ Mexico
o Asia-Pacific
§ China
§ India
§ Japan
§ South
Korea
§ Indonesia
o Europe
§ Germany
§ United
Kingdom
§ France
§ Russia
§ Spain
o South
America
§ Brazil
§ Argentina
o Middle
East & Africa
§ Saudi
Arabia
§ South
Africa
§ Egypt
§ UAE
§ Israel
Competitive
Landscape
Company
Profiles: Detailed analysis of the major companies presents in
the Global Non Destructive Inspection Equipment Market.
Available
Customizations:
Global Non Destructive
Inspection Equipment Market report with the given market data, Tech Sci
Research offers customizations according to a company's specific needs. The
following customization options are available for the report:
Company
Information
- Detailed
analysis and profiling of additional market players (up to five).
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Destructive Inspection Equipment Market is an upcoming report to be released
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