Ultrasonic Testing Market Share

  • Report ID: 5020
  • Published Date: Jun 07, 2024
  • Report Format: PDF, PPT

Ultrasonic Testing Market Share

North American Market Forecast

The North America ultrasonic testing market is set is account for around 30% of the revenue share by 2036. The increasing welding works in the region with the development of infrastructure is fueling the market size. The hike in the market growth is accounted for by the expansion of the aviation sector with growing tourists and migration of people for jobs, education, and other business purposes. The aviation of U.S. each day operates more than 20,000 flights with over 2 million passengers across 80 countries and over 60,000 tons of cargo across about 200 countries.

APAC Market Statistics

Asia Pacific ultrasonic testing market is estimated to register a noteworthy market size with market revenue of about 26% through 2036. The rising railway infrastructure development with the expansion of the railway sector is estimated to hike the growth of the market. The increase in the need for tracking the faults, and uneven structures to prevent the destruction of rail accidents in the region is driving the market growth. The growing use of ultrasonic testing for industrial assets and public infrastructures is expected to rise the market demand.

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Author Credits:  Abhishek Verma


  • Report ID: 5020
  • Published Date: Jun 07, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of ultrasonic testing is assessed at USD 3.4 Billion.

The ultrasonic testing market size was over USD 3.1 Billion in 2023 and is projected to reach USD 7.23 Billion by the end of 2036, growing at around 7% CAGR during the forecast period i.e., between 2024-2036. Rise in the construction sector with huge infrastructure development, and the rising number of industries across the world with rapid urbanization are the major factors driving the market growth.

Asia Pacific industry is estimated to account for 26% revenue share by 2036, owing to the rising railway infrastructure development with the expansion of the railway sector.

Baker Hughes, Olympus Corporation, MISTRAS Group, Eddyfi/NDT, T.D. Williamson Inc., Bosello High Technology Srl., Cygnus Instruments Ltd., NDT Global GmbH, LynX Inspection
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