Dublin, Feb. 13, 2025 (GLOBE NEWSWIRE) — The “Ultrasonic NDT Equipment – Global Strategic Business Report” has been added to ResearchAndMarkets.com’s offering.
The global market for Ultrasonic NDT Equipment was valued at USD 21.5 Billion in 2024 and is projected to reach USD 29.1 Billion by 2030, growing at a CAGR of 5.2% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the ultrasonic NDT equipment market is driven by several factors that are reshaping the landscape of industrial testing and inspection. The increasing complexity of materials and components used in modern manufacturing, coupled with the need for early detection of potential defects, is a significant driver. Industries are increasingly adopting advanced ultrasonic NDT technologies to meet stringent safety standards and to avoid costly downtimes associated with component failures.
The rise of Industry 4.0 and the integration of IoT (Internet of Things) in industrial environments have also spurred the adoption of ultrasonic NDT equipment, as these systems can now be connected to centralized monitoring platforms for continuous inspection and predictive maintenance. Additionally, the expanding regulatory requirements across various industries are compelling companies to implement more rigorous inspection protocols, further driving the demand for ultrasonic NDT solutions.
The ongoing global shift towards sustainability and the need to extend the lifespan of critical infrastructure is also fostering market growth, as ultrasonic NDT equipment plays a crucial role in ensuring the structural integrity of assets while minimizing waste and environmental impact.
Report Scope
The report analyzes the Ultrasonic NDT Equipment market, presented in terms of market value (USD Thousand). The analysis covers the key segments and geographic regions outlined below.
Segments
End-Use (Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry, Other End-Uses).
Geographic Regions/Countries
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Oil & Gas End-Use segment, which is expected to reach $9.7 Billion by 2030 with a CAGR of a 5.1%. The Power Generation End-Use segment is also set to grow at 5.4% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, valued at $5.9 Billion in 2024, and China, forecasted to grow at an impressive 4.8% CAGR to reach $4.6 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in USD from 2024 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Cygnus Instruments Inc., Danatronics Corporation, Eddyfi Technologies, James Instruments, Inc., NDT Systems, Inc. and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Questions Answered:
- How is the Global Ultrasonic NDT Equipment Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Some of the 46 major companies featured in this Ultrasonic NDT Equipment market report include:
- Cygnus Instruments Inc.
- Danatronics Corporation
- Eddyfi Technologies
- James Instruments, Inc.
- NDT Systems, Inc.
- Sonotron NDT
- Trinity NDT
Key Attributes
| Report Attribute | Details |
| No. of Pages | 196 |
| Forecast Period | 2024-2030 |
| Estimated Market Value (USD) in 2024 | $21.5 Billion |
| Forecasted Market Value (USD) by 2030 | $29.1 Billion |
| Compound Annual Growth Rate | 5.2% |
| Regions Covered | Global |
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Ultrasonic NDT Equipment – Global Key Competitors Percentage Market Share in 2025 (E)
- Global Economic Update
- Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2025 (E)
MARKET TRENDS & DRIVERS
- Advancements in High-Resolution Imaging Technologies
- Increasing Adoption of Automated and Robotic Inspection Systems
- Rising Demand in the Oil & Gas Industry for Pipeline Inspection
- Growing Importance of Safety and Quality Assurance in Manufacturing
- Expansion of the Aerospace Sector Fueling Demand for NDT Equipment
- Integration of Artificial Intelligence (AI) in NDT Processes
- Regulatory Mandates Driving Adoption in the Power Generation Industry
- Growing Applications in the Automotive Industry for Component Testing
- Development of Portable and User-Friendly NDT Devices
- Rising Demand for NDT in the Construction Sector for Structural Health Monitoring
- Emerging Markets in Asia-Pacific Creating New Opportunities
For more information about this report visit https://www.researchandmarkets.com/r/sqxc4u
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- Ultrasonic NDT Equipment Market
