Ultrasonic Testing Market Analysis

Ultrasonic Testing Segmentation

Type (Time-Of-Flight Diffraction, Phased Array, Immersion Testing, Guided-Wave Testing, Acoustography)

The time-of-flight diffraction (TOFD) segment is projected to hold over 30% share of the global ultrasonic testing market in the coming years. The growing need for a non-destructive method of evaluation for the faults in industries using sound waves is predicted to fuel the market segment growth. The increasingly aged instruments and the rise in strict inspection rules to prevent leakages in the pipelines to minimize explosions in the chemical & nuclear refineries are poised to augment the market segment growth. Further, the growing number of oil and gas industries with rising demand from the automobile industry and power generation sector is also estimated to promote growth chances to the time-of-flight diffraction segment in the coming years.

Vertical (Manufacturing, Oil & Gas, Aerospace, Automotive, Public Infrastructure, Power Generation)

The manufacturing segment in the ultrasonic testing market is projected to register a noteworthy growth rate of 29% during the forecast period. The increasing application of ultrasonic testing methods to identify faults in machinery, equipment, and end-product of the production unit rises the market segment demand. The growing need to evaluate the old machinery and infrastructure of the manufacturing units and the increasing demand for goods and products with rising populations across the globe will drive the market segment growth. The increasing demand for hardware tools, devices, clothes, food, and many other daily products such as shoes, electronics, cars, and buses enhance the need for the manufacturing sector and in turn, rising the opportunity for the segment growth.

Our in-depth analysis of the global market includes the following segments: