What is the expected growth rate of the non-destructive testing market?
The global non-destructive testing market is projected to grow at a CAGR of 10.1% from 2023 to 2030, reaching a market size of $19.2 billion by 2031.
Which region is expected to be the fastest-growing in the NDT market?
Asia-Pacific is expected to be the fastest-growing region in the NDT market, driven by rapid economic growth and urbanization, with a focus on infrastructure development and aerospace manufacturing.
Who are the major players in the global NDT market?
Olympus, GE, Team Inc., Applus Services, and Mistras Group are some of the leading players offering NDT equipment and services. New entrants are also emerging, driven by the market's potential.
What are the key trends shaping the NDT landscape?
A: AI-powered data analysis, automation, and advanced testing methods like 3D printing are revolutionizing NDT, enhancing efficiency and accuracy.