Ultrasonic NDT Equipment Market Size, Regions, Dynamics, Limitations, Opportunities, News and Policies 2027

Market Overview:

The Ultrasonic NDT Equipment market is expected to reach USD 2.47 billion by the end of 2023 with 9.87% CAGR during forecast period 2017-2023. Ultrasonic NDT equipment is used to check and test industrial equipment or devices for flaws. The physical qualities of the materials used to construct the gadget are often inspected. Resistance, tensile strength, ductility, fatigue, flaw, and toughness are among the metrics tested. The gadgets are regularly tested and managed to ensure that they perform properly and consume as little electricity as possible. The key end-user industries of the Ultrasonic NDT Equipment market include power generation plants, railroads, and other critical industrial sectors. In recent years, enterprises have become increasingly focused on boosting overall production rates; energy optimization and cost efficiency are seen as critical considerations for each company sector. These elements are boosting the overall growth of Ultrasonic NDT equipment.

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Ultrasonic testing is often used in companies that employ various materials; the durability of various materials may be tested using this Ultrasonic NDT. The Ultrasonic NDT technique is used to inspect materials in the ceramics, plastics, composites, and concrete industries. Because there is no ionizing radiation, the medical industry uses Ultrasonic NDT for regular diagnostic imaging and medical research. The COVID 19 epidemic has hampered the growth of important end-user sectors such as automotive, oil and gas, construction, railroads, and others. In recent years, protracted lockdowns and social distancing norms have drastically impacted output and manufacturing rates. As a result, the fall of these businesses has recently lowered the market value of Ultrasonic NDT equipment. According to a recent survey, the gross value of the building, manufacturing, and mining industries has reached 13.3 percent, 6.3 percent, and 14.7 percent, respectively.

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Market Segmentation:

By Product Type: It has Portable equipment and Standby equipment

By End-user Application: It has various applications like Electricity, Oil, Gas, Automotive, and Aerospace

By Techniques: there are various methods and techniques which are used in this market which are as follows: Phased Array Ultrasonic Testing, Automated Ultrasonic Testing, Conventional Ultrasonic Testing, Time-of-Flight Diffraction, Full matrix Capture, Conventional Electromagnetic Testing, Eddy Current Array, Tangential Eddy current, Pulsed Eddy current.

 Regional Classification:

As automotive manufacturers focus more on manufacturing processes, North America has the greatest market share in the Ultrasonic NDT equipment industry. By the projected period, the United States is expected to have a market value of more than USD 541.4 million. On the other hand, the region’s established vendors, such as MAGNAFLUX Corporation, GE measurement and control, Johnson and Allen, Barker Hughes Inc., and Mistras Group, are currently working to expand their product portfolio and collaborate with other market players to integrate advanced technologies into their products.

Industry News:

Here are several firms that are the key players in this market: Among many firms corporation Olympus (Japan), Danatronics Corporation NDT Systems (U.S.), NDT Eddyfi Inc., GE Inspection Technologies AG, James Instruments Corporation, Olympus Corporation of America, Inc., PaR Systems, Inc., International Qualitest Inc., Sonatest Limited and NDT Trinity.

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Table of content:

1 EXECUTIVE SUMMARY

1.1 OVERVIEW

1.1.1 MARKET SYNOPSIS

1.1.2 SILICON PHOTONICS MARKET, BY REGION (CAGR)

2 MARKET INTRODUCTION

2.1 DEFINITION

2.2 SCOPE OF THE STUDY

2.3 MARKET STRUCTURE

3 RESEARCH METHODOLOGY

3.1 RESEARCH PROCESS

3.2 PRIMARY RESEARCH

3.3 SECONDARY RESEARCH

3.4 MARKET SIZE ESTIMATION

3.5 FORECAST MODEL

3.6 LIST OF ASSUMPTIONS

4 MARKET DYNAMICS

4.1 DRIVER, RESTRAINT, AND OPPORTUNITY OVERVIEW

4.2 DRIVERS

4.2.1 INCREASING ADOPTION OF SILICON PHOTONICS-BASED PRODUCTS IN DATA CENTERS

4.2.2 NEED FOR HIGH BANDWIDTH AND HIGH DATA TRANSFER CAPABILITIES

4.2.3 DRIVER IMPACT ANALYSIS

4.3 CHALLENGE

4.3.1 INEFFICIENT ELECTROLUMINESCENCE

4.4 OPPORTUNITY

4.4.1 EMERGING APPLICATIONS OF SILICON PHOTONICS

4.4.2 INCREASED SUPPORT FROM GOVERNMENT AND STAKEHOLDERS

Continued…

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