The report "Non-Destructive Testing Market In Aerospace and Defence, By Type (Service and Equipment), By Technology (Radiography Testing and Ultrasonic Testing, Magnetic Particle Testing and Electromagnetic Testing, Liquid Penetrant Testing, Visual Inspection, and Eddy Current), and Region - Global Forecast to 2030" Global non-destructive testing market in aerospace and defence grow up to the US $ 2.8 billion in 2020. The rise in investment in the aerospace and defence by the government is the major propelling factor for the growth of the global market. Additionally, the increasing complexity of the infrastructure and machine to rise in scale and capability of industrial machines and infrastructure is another driving factor for the growth of the target market. Nevertheless, the growing need for advanced non- destructive testing solution can create an opportunity for the growth of the global market.
Key Highlights:
- In 2017, Mistras Group acquired West Penn Non- Destructive Testing LLC to provide the wide variety of the non- destructive testing services at the in- house facilities which focused on aerospace customers.
Key Market Insights from the report:
The global non-destructive testing market in aerospace and defence accounted for US $2.8 billion in 2020 and is projected to register a moderate CAGR of 10.60% over the forecast period. The market report has been segmented based on type, technology, and region.
- By type, The Equipment is the dominating segment in the target market due to equipment provides more safety and support to the automation
- By technology, Radiography testing is the dominating segment due to it enable product reliability, providing the information to prevent accidents and save a life
- By region, the market in the North America region is blooming the target market because North America is the leader in the aerospace and defence sector.
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The prominent player operating in the global non-destructive testing market in aerospace and defence includes Mistras Group, Fujifilm NDT Systems, GE Measurement and Control, Magnaflux Corporation, Nikon Metrology, Inc., Olympus Corporation, SGS Group, Intertek Group PLC, Applus Services, S.A., Yxlon International GmbH
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