Ultrasonic NDT Equipment

World Market Report

MCP15365

EXECUTIVE ENGAGEMENTS

POOL

497
Number of executives repeatedly engaged by snail & email outreach

INTERACTIONS

99
Interactions with Platform & by Email

PARTICIPANTS

22
Unique # Participated

VALIDATIONS

8
Responses Validated*

COMPANIES

46
Responses Validated*
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DATE

OCT 2022

TABLES

123

PAGES

196

EDITION

8

PRICE

USD 4950

CODE

MCP15365


COMPETITIVE METRICS

COMPETITORS (ALPHABETICAL)

RANK

(S/A/N/T)

%

VALIDATED RESEARCH *

* S = Strong; A = Active; N = Niche; T= Trivial (<1%)
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HIGHLIGHTS & REPORT INDEX

What's New for 2022?

» Global competitiveness and key competitor percentage market shares
» Market presence across multiple geographies - Strong/Active/Niche/Trivial
» Online interactive peer-to-peer collaborative bespoke updates
» Access to our digital archives and MarketGlass Research Platform
» Complimentary updates for one year

Global Ultrasonic NDT Equipment Market to Reach $22 Billion by 2027
In the changed post COVID-19 business landscape, the global market for Ultrasonic NDT Equipment estimated at US$15.4 Billion in the year 2020, is projected to reach a revised size of US$22 Billion by 2027, growing at a CAGR of 5.2% over the analysis period 2020-2027. Oil & Gas, one of the segments analyzed in the report, is projected to record a 5.1% CAGR and reach US$7.5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Power Generation segment is readjusted to a revised 5.4% CAGR for the next 7-year period.

The U.S. Market is Estimated at $4.5 Billion, While China is Forecast to Grow at 4.8% CAGR
The Ultrasonic NDT Equipment market in the U.S. is estimated at US$4.5 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.9 Billion by the year 2027 trailing a CAGR of 4.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.5% and 4.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.9% CAGR.

Aerospace & Defense Segment to Record 5.8% CAGR
In the global Aerospace & Defense segment, USA, Canada, Japan, China and Europe will drive the 5.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.9 Billion in the year 2020 will reach a projected size of US$2.8 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.

SELECT PLAYERS

Cygnus Instruments Inc.; Danatronics Corporation; Eddyfi Technologies; James Instruments, Inc.; NDT Systems, Inc.; Sonotron NDT; Trinity NDT

SEGMENTS

» End-Use (Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry, Other End-Uses)

GEOGRAPHIES

» World » United States » Canada » Japan » China » Europe » France » Germany » Italy » United Kingdom » and Rest of Europe » Asia-Pacific » Rest of World

TABLE OF CONTENTS

1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Ultrasonic NDT Equipment – Global Key Competitors Percentage Market Share in 2022 (E)
Impact of Covid-19 and a Looming Global Recession
Competitive Market Presence - Strong/Active/Niche/Trivial for 46 Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
World Recent Past, Current & Future Analysis for Ultrasonic NDT Equipment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
World Historic Review for Ultrasonic NDT Equipment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
World 15-Year Perspective for Ultrasonic NDT Equipment by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2012, 2021 & 2027
World Recent Past, Current & Future Analysis for Oil & Gas by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
World Historic Review for Oil & Gas by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
World 15-Year Perspective for Oil & Gas by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2021 & 2027
World Recent Past, Current & Future Analysis for Power Generation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
World Historic Review for Power Generation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
World 15-Year Perspective for Power Generation by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2021 & 2027
World Recent Past, Current & Future Analysis for Aerospace & Defense by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
World Historic Review for Aerospace & Defense by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
World 15-Year Perspective for Aerospace & Defense by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2021 & 2027
World Recent Past, Current & Future Analysis for Automotive & Transportation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
World Historic Review for Automotive & Transportation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
World 15-Year Perspective for Automotive & Transportation by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2021 & 2027
World Recent Past, Current & Future Analysis for Foundry by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
World Historic Review for Foundry by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
World 15-Year Perspective for Foundry by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2021 & 2027
World Recent Past, Current & Future Analysis for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
World Historic Review for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
World 15-Year Perspective for Other End-Uses by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2021 & 2027
World Ultrasonic NDT Equipment Market Analysis of Annual Sales in US$ Thousand for Years 2012 through 2027
UNITED STATES
Ultrasonic NDT Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
USA Recent Past, Current & Future Analysis for Ultrasonic NDT Equipment by End-Use - Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
USA Historic Review for Ultrasonic NDT Equipment by End-Use - Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
USA 15-Year Perspective for Ultrasonic NDT Equipment by End-Use - Percentage Breakdown of Value Sales for Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses for the Years 2012, 2021 & 2027
CANADA
Canada Recent Past, Current & Future Analysis for Ultrasonic NDT Equipment by End-Use - Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
Canada Historic Review for Ultrasonic NDT Equipment by End-Use - Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
Canada 15-Year Perspective for Ultrasonic NDT Equipment by End-Use - Percentage Breakdown of Value Sales for Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses for the Years 2012, 2021 & 2027
JAPAN
Ultrasonic NDT Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
Japan Recent Past, Current & Future Analysis for Ultrasonic NDT Equipment by End-Use - Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
Japan Historic Review for Ultrasonic NDT Equipment by End-Use - Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
Japan 15-Year Perspective for Ultrasonic NDT Equipment by End-Use - Percentage Breakdown of Value Sales for Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses for the Years 2012, 2021 & 2027
CHINA
Ultrasonic NDT Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
China Recent Past, Current & Future Analysis for Ultrasonic NDT Equipment by End-Use - Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
China Historic Review for Ultrasonic NDT Equipment by End-Use - Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
China 15-Year Perspective for Ultrasonic NDT Equipment by End-Use - Percentage Breakdown of Value Sales for Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses for the Years 2012, 2021 & 2027
EUROPE
Ultrasonic NDT Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
Europe Recent Past, Current & Future Analysis for Ultrasonic NDT Equipment by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
Europe Historic Review for Ultrasonic NDT Equipment by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
Europe 15-Year Perspective for Ultrasonic NDT Equipment by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2012, 2021 & 2027
Europe Recent Past, Current & Future Analysis for Ultrasonic NDT Equipment by End-Use - Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
Europe Historic Review for Ultrasonic NDT Equipment by End-Use - Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
Europe 15-Year Perspective for Ultrasonic NDT Equipment by End-Use - Percentage Breakdown of Value Sales for Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses for the Years 2012, 2021 & 2027
FRANCE
Ultrasonic NDT Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)
France Recent Past, Current & Future Analysis for Ultrasonic NDT Equipment by End-Use - Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
France Historic Review for Ultrasonic NDT Equipment by End-Use - Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
France 15-Year Perspective for Ultrasonic NDT Equipment by End-Use - Percentage Breakdown of Value Sales for Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses for the Years 2012, 2021 & 2027
GERMANY
Ultrasonic NDT Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)
Germany Recent Past, Current & Future Analysis for Ultrasonic NDT Equipment by End-Use - Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
Germany Historic Review for Ultrasonic NDT Equipment by End-Use - Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
Germany 15-Year Perspective for Ultrasonic NDT Equipment by End-Use - Percentage Breakdown of Value Sales for Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses for the Years 2012, 2021 & 2027
ITALY
Italy Recent Past, Current & Future Analysis for Ultrasonic NDT Equipment by End-Use - Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
Italy Historic Review for Ultrasonic NDT Equipment by End-Use - Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
Italy 15-Year Perspective for Ultrasonic NDT Equipment by End-Use - Percentage Breakdown of Value Sales for Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses for the Years 2012, 2021 & 2027
UNITED KINGDOM
Ultrasonic NDT Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
UK Recent Past, Current & Future Analysis for Ultrasonic NDT Equipment by End-Use - Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
UK Historic Review for Ultrasonic NDT Equipment by End-Use - Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
UK 15-Year Perspective for Ultrasonic NDT Equipment by End-Use - Percentage Breakdown of Value Sales for Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses for the Years 2012, 2021 & 2027
REST OF EUROPE
Rest of Europe Recent Past, Current & Future Analysis for Ultrasonic NDT Equipment by End-Use - Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
Rest of Europe Historic Review for Ultrasonic NDT Equipment by End-Use - Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
Rest of Europe 15-Year Perspective for Ultrasonic NDT Equipment by End-Use - Percentage Breakdown of Value Sales for Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses for the Years 2012, 2021 & 2027
ASIA-PACIFIC
Ultrasonic NDT Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
Asia-Pacific Recent Past, Current & Future Analysis for Ultrasonic NDT Equipment by End-Use - Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
Asia-Pacific Historic Review for Ultrasonic NDT Equipment by End-Use - Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
Asia-Pacific 15-Year Perspective for Ultrasonic NDT Equipment by End-Use - Percentage Breakdown of Value Sales for Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses for the Years 2012, 2021 & 2027
REST OF WORLD
Rest of World Recent Past, Current & Future Analysis for Ultrasonic NDT Equipment by End-Use - Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
Rest of World Historic Review for Ultrasonic NDT Equipment by End-Use - Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
Rest of World 15-Year Perspective for Ultrasonic NDT Equipment by End-Use - Percentage Breakdown of Value Sales for Oil & Gas, Power Generation, Aerospace & Defense, Automotive & Transportation, Foundry and Other End-Uses for the Years 2012, 2021 & 2027

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