Nondestructive Testing Market Worth $1720.96 Million by 2020 According to a new market research report of "Nondestructive Testing Market by Application (Dimensional Measurement, Flaw Detection, Leak Detection, Estimation Of Physical Properties, Chemical Composition Determination, Stress and Structure Analysis), Technology (Visual Testing, Magnetic Particle Testing, Electromagnetic Testing, Liquid Penetrant Testing, Radiography Testing, Ultrasonic Testing, Thermography Testing, Acoustic Emission Testing), End User (Aerospace and Defense Industry, Automotive Industry, Oil & Gas Industry, Infrastructure Industry, Power Generation) & by Geography) - Forecasts & Analysis 2014 - 2020" , is estimated to grow at a CAGR of 3.5% to reach $1720.96 Million by 2020. Free PDF Download @ Nondestructive Testing Market The nondestructive testing market is estimated to grow at a CAGR of 3.5% to reach $1720.96 million by 2020 .Nondestructive testing has been one of the few markets that have performed impressively during the global economic downturn. It witnessed modest growth in 2010. The global NDT market is estimated to grow at a CAGR of 3.5% to reach $1720.96 Million by 2020. NDT aims at optimizing safety, reliability, and cost-effectiveness. NDT assures safety and reliability by identifying flaws and defects in products without disrupting operations or delaying processes. Enquiry Before Buying @ NDT testing Market
Nondestructive testing is testing of objects for their flaws and imperfections in accordance with some standard norms. The stringent government safety regulations in the aerospace and defense industry and commercial industry will drive the growth of NDT market. Rapid infrastructural development in developed as well as developing economies has fuelled in the growth of the NDT market. Nondestructive testing relates to the examination of materials for flaws without harming the object being tested. Non-destructive testing provides a cost effective means of testing while protecting the object’s usability for its designed purpose. NDT in aerospace and defense industry is necessary. During the manufacture of aircraft components and parts, NDT is conducted to ensure safety in the end. Due to stringent government safety regulations in other industries like the oil & gas industry, automotive industry, infrastructure industry and power generation there is a rising demand for NDT in these industries. There are some existing nondestructive testing technologies such as visual testing, ultrasonic testing, radiography testing, and electromagnetic testing, which capture most of the market. Ultrasonic testing has been the first choice of end users for flaw determination. NDT has its application in wide areas apart from flaw detection. This report describes the nondestructive testing technologies and their application for testing the flaws of objects. Browse more than 54 market data tables with 58 figures spread through 217 pages and in-depth TOC on "Nondestructive Testing Market" http://www.marketsandmarkets.com/Market-Reports/nondestructive-
testing-market-257342201.html Early buyers will receive 10% customization on this reports. The report segments the NDT market based on application, technology, end user and geography. The report provides a revenue forecast and analysis for the regions of North America, Latin America, Europe, APAC, and the Middle East. The emerging markets for NDT inspection services are Brazil, China, and India. The emerging growth markets for NDT inspection services are experiencing high growth, amid a difficult economic environment and are expected to continue growing over the next 6 years.
A common challenge witnessed in the global NDT market is the lack of qualified technicians. However, this challenge has not been witnessed in the emerging markets. India is the NDT education hub and provides trained technicians in the country and to other regions like the Middle East. Similarly, in China, SGS India Pvt. Ltd (SGS) conducted a training program for approximately.NDT technicians in various disciplines. The major drivers for the NDT market are strong government safety regulations, rapid infrastructural development, and growing demand for NDT from end users. The report also provides information about the challenges and opportunities in the NDT market. The report describes the regional, end user, technology, and consolidation trends in the NDT market. The infrastructure sector is rapidly growing all over the globe; especially in Brazil, India, and China. This creates an opportunity for the automation provider companies in the NDT market. The report provides information on the factors that drive and restrain the growth of the market. It also provides information on trends in the NDT market. This report provides a complete analysis of the global NDT market for the next six years. The competitive landscape provides
information about the major players in the NDT market and their market share in the NDT market for 2013. About MarketsandMarkets MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.
Contact: Mr. Rohan North - Dominion Plaza, 17304,Preston Road, Suite 800, Dallas, TX 75252 Tel: +1-888-600-6441 Email: sales@marketsandmarkets.com Visit MarketsandMarkets Blog @ http://mnmblog.org/marketresearch/aerospace-defence Connect with us on LinkedIn@ http://www.linkedin.com/company/marketsandmarkets