Phased Array Ultrasonic Testing Market Trends

Growth Drivers

• Increasing Governmental Regulations Regarding Public Safety - The main drivers of the market's expansion are the expanding complexity of machinery, the need for ever-stricter product usage criteria, the ongoing enforcement of government laws ensuring worker safety, and the growing demands for quality control. Governments around the world have imposed strict safety standards in response to past instances of infrastructure failures, such as nuclear refinery leaks, pipeline explosions, and refinery blasts. This has increased demand for phased array ultrasonic testing and services.

• Growing Technological Advancements with the Integration of AI and Machine Learning - The phased array ultrasonic testing market is expanding as a result of PAUT systems' use of AI and machine learning (ML). Additionally, the greatest segment of the AI industry is machine learning. By 2030, this industry is projected to increase from about 140 billion dollars to almost two trillion dollars. Large volumes of data may be analyzed by AI and ML, which can then be used to learn and improve inspection efficiency and accuracy. Additionally, the market is growing faster thanks to the creation of sophisticated imaging algorithms. These algorithms aid in producing precise and in-depth pictures of the things under inspection. By evaluating the ultrasonic waveforms, these algorithms can provide exact images that identify faults, fissures, or other irregularities.

• Increased Efficiency Provided by PAUT - The enhanced effectiveness and expedited inspection durations given by PAUT. Inspectors can scan bigger areas faster since the ultrasonic beams can be electrically controlled. This increases productivity and saves time, enabling the completion of more inspections in less time. Phased array ultrasonic testing will also become more and more popular worldwide due to the growth of the petrochemical and oil and gas industries. In 2021, the global petrochemical production capacity was close to 2.3 billion metric tons. It is anticipated to increase dramatically by 2030, with Iran, China, and India having the biggest stated or planned petrochemical capacity expansions. It is projected that the market for phased array ultrasonic testing will be driven by reducing damage generation.

Challenges

• Lack of Skilled Labor force - More and more people are in need of ultrasonic testing services than ultrasonic testing equipment. It has also become critical for players to expand their worldwide reach while simultaneously developing a highly skilled labor force capable of delivering efficient ultrasonic testing and inspection services. Thus, having personnel that is qualified and equipped with the necessary ultrasonic testing and inspection skills is a strategic concern for businesses. The need for skilled labor is growing as a result of strict government restrictions and the complexity of ultrasonic testing methods. As a result, this element could impede market expansion. 

• High Cost of the Equipment may Hinder the Growth of the Market

• Complex Nature of the Technology may become Hindrance for the Growth of the market.