The non-destructive testing (NDT) and inspection business generated around $9 billion in sales in 2020 and is expanding quickly. One of the main factors accelerating the growth of the non-destructive testing and inspection market is the strict government requirements regarding product quality and public safety, together with the expanding construction industry. However, the market for NDT and inspection solutions has been adversely affected by the current COVID-19 outbreak. In 2020, sales of NDT and inspection tools and services to important industries including aerospace and oil & gas fell by 10 to 15 percent. The number of oil and gas exploration projects has decreased, production facilities have been temporarily shut down, and oil prices have decreased, all of which have had an impact on the Upstream activities will propel the growth of ultrasonic non-destructive testing equipment market during the next few years market's expansion.
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