Ultrasonic Testing Market Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players - General Electric, Olympus, Sonatest, Sonotron NDT

The global Ultrasonic Testing Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 7.8% during the review period (2022 to 2027)

Ultrasonic Testing Market Overview

Ultrasonic testing is a sort of non-destructive testing mechanism where ultrasonic pulse waves with a central frequency of 0.1 – 15 MHz are transmitted into any material to recognize any kind of internal defect within the material. This sort of ultrasonic testing can also be used for the review of flaw detection or evaluation, material thickness, high-speed rotating engine parts, and dimensional measurement. The ultrasonic technique notices hidden and internal discontinuities that are deep below the surface using the electronic equipment, which is connected to one or more transducers. Ultrasonic testing is useful to steel and any alloy, which are applicable to wood and composite products. In addition, the prospects in power generation sector will further offer potential opportunities for the growth of the ultrasonic testing market in the coming years. Still, the decline in the prices of oil and gas might further challenge the growth of the ultrasonic testing market in the near future. Main factors that are expected to boost the growth of the ultrasonic testing market in the forecast period are the advancement of portable phased array ultrasonic testing equipment. Also, the growing demand for reliable non-destructive testing technique for fiberglass and carbon fiber composites in manufacturing is further anticipated to propel the growth of the ultrasonic testing market.

Industry News

March 2021 - Intertek Group PLC announced the expansion of its Building and Construction business line to the Caribbean with the opening of Intertek-PSI in Tao Baja, Puerto Rico. From this facility, the company will provide geotechnical services, environmental consulting, and construction materials testing throughout the Caribbean, bringing services to the region that have previously only been available through offices on the US mainland and in Canada.

In December 2020, Walgate Technologies, a Baker Hughes business and an industry leader in inspection solutions, introduced Phoenix Powerlscan HE solution, its first high-energy computed tomography system.

What are the major Applications, Types and Regions for  Ultrasonic Testing Market?

By Type, it is segmented into

• Ultrasonic Flaw Detectors


• Ultrasonic Thickness Gauges


• Transducers & Probes


• Industrial Scanners


• Tube Inspection Systems


• Ultrasonic Bond Testers


•  Others

By Applications it is segmented into

• Aerospace & Defense


• Automotive


• Oil & Gas


• Infrastructure


• Power Generation


• Manufacturing


• Others

Ultrasonic Testing Market Regional Analysis

Europe is envisaged to register significant growth in the ultrasonic testing market share. This growing is attributed to the growing demand for the UT method from the robust automobile industry in Germany and the growing aerospace vertical in the U.K. The market is expected to grow and to register the fastest growth in Asia Pacific during the forecast period. This progress is due to the expanding manufacturing industry in China and the exponential growth of the public infrastructure vertical in India. In addition to this, the domestic automotive industry in Japan is also boosting market growth.

North America

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• Asia-Pacific
  
  
  
  • China
  
  
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  • Australia
  
  
  • South Korea
  
  
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• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

The Ultrasonic Testing Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Ultrasonic Testing Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

What is our Ultrasonic Testing Market Report Scope?

Key Takeaways from this  Ultrasonic Testing Report

• Evaluate  Ultrasonic Testing market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.


• Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.


• Get a quick outlook on the  Ultrasonic Testing market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.


• Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.

FAQ -

What is the study period of this market?

The Ultrasonic Testing Market is studied from 2017 - 2027.

 What is the growth rate of Ultrasonic Testing Market?

The Ultrasonic Testing Market is growing at a CAGR of 7.8% over the next 5 years.

What regions does this Ultrasonic Testing Market report covers?

North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.