New York, Jan. 13, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the “Non-Destructive Testing & Inspection Market Research Report by Solution, by Method, by Technique, by Industry, by Region – Global Forecast to 2026 – Cumulative impact of COVID-19” – https://www.reportlinker.com/p06202083/?utm_source=GNW
The Global Non-Destructive Testing and Inspection Market Size was estimated at USD 9,374.60 Million in 2020 and is projected to reach USD 10,039.90 Million in 2021, at a CAGR of 7.43% to reach USD 14,415.60 Million by 2026.
The report provides market size analysis and forecasts for five major currencies – USD, EUR GBP, JPY and AUD. It helps organizational leaders make better decisions when currency data is readily available. In this report, the years 2018 and 2019 are considered as historical years, 2020 as the base year, 2021 as the estimated year and the years from 2022 to 2026 as the forecast period.
Segmentation and market coverage:
This research report categorizes Non-Destructive Testing and Inspection to forecast revenue and analyze trends in each of the following submarkets:
Based on the solution, the market has been studied across equipment and services. Services are further explored in Calibration Services, Equipment Rental Services, Inspection Services, and Training Services.
Based on the method, the market has been studied through surface inspection, visual inspection, and volumetric inspection.
Based on the technique, the market has been studied on Acoustic Emission Testing (AET), Eddy Current Testing (ECT), Liquid Penetrant Testing (LPT), Magnetic Particle Testing (MPT) , near infrared spectroscopy, radiographic testing (RT), Terahertz Imaging, ultrasonic testing (UT) and visual inspection testing (VT). Radiographic (RT) testing is further studied in Computed Radiography, Direct (Real Time) Radiography, Film Radiography, Gamma Ray Testing, and X-Ray Testing. Ultrasound (UT) testing is further investigated in corner beam testing, guided wave testing, immersion testing, phased array testing, straight beam testing, and time-of-flight diffraction (TOFD). The Visual Inspection (VT) test is further explored through Assisted Visual Inspection and General Visual Inspection.
Based on industry, the market has been studied in automotive and transportation, chemicals and materials, consumer goods and services, energy and natural resources, food and beverages , Government & Public Infrastructure, Healthcare, Manufacturing & Construction, Military Aerospace & Defense, Pharmaceuticals, and Telecommunications & IT.
Based on region, the market has been studied in Americas, Asia-Pacific, Europe, Middle East & Africa. The Americas are studied in more detail through Argentina, Brazil, Canada, Mexico and the United States. The United States is studied in more detail through California, Florida, Illinois, New York, Ohio, Pennsylvania and Texas. Asia-Pacific is studied in more detail across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan and Thailand. Europe, the Middle East and Africa are studied in more detail in France, Germany, Italy, the Netherlands, Qatar, Russia, Saudi Arabia, South Africa, Spain, the United Arab Emirates and the United Kingdom.
Cumulative impact of COVID-19:
COVID-19 is an unparalleled global public health emergency that has affected almost every industry, and the long-term effects are expected to impact industry growth over the forecast period. Our ongoing research amplifies our research framework to ensure inclusion of the underlying issues of COVID-19 and potential pathways forward. The report provides insights into COVID-19 considering shifts in consumer behavior and demand, shopping habits, supply chain rerouting, current market force dynamics, and significant interventions governments. The updated study provides insights, analysis, estimates, and forecasts considering the impact of COVID-19 on the market.
Competitive Strategy Window:
The strategic competitive window analyzes the competitive landscape in terms of markets, applications and geographies to help the vendor define an alignment or match between its capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for vendors to adopt successive strategies of merger and acquisition, geographic expansion, research and development, and new product introduction strategies to execute further business expansion and growth. during a forecast period.
FPNV positioning matrix:
The FPNV Positioning Matrix evaluates and ranks vendors in the Non-Destructive Testing and Inspection market based on business strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and product satisfaction (value for money, ease of use, product features, and customer support) which helps companies make better decisions and better understand the competitive landscape.
Market share analysis:
The market share analysis offers the analysis of the vendors considering their contribution to the overall market. It gives the idea of its revenue generation in the overall market compared to other providers in the space. It provides information on the performance of vendors in terms of revenue generation and customer base compared to others. Knowing the market share gives an idea of the size and competitiveness of suppliers for the reference year. It reveals the characteristics of the market in terms of accumulation, fragmentation, dominance and merger.
The competitive scenario provides an analysis of the prospects of the various business growth strategies adopted by the vendors. The news covered in this section provides valuable insights at various stages while keeping abreast of activity and engaging stakeholders in the economic debate. Competitive Scenario represents press releases or company news categorized into Merger & Acquisition, Agreement, Collaboration & Partnership, New Product Launch & Enhancement, Investment & Funding & Awards, Recognition & Expansion. All the news collected helps the vendor to understand the gaps in the market and the strength and weakness of the competitors, thus providing insights to improve the product and service.
Enterprise Usability Profiles:
The report thoroughly explores recent significant developments by leading vendors and innovation profiles in the Global Non-Destructive Testing and Inspection Market including Ashtead Technology Ltd., Bureau Veritas SA, Cygnus Instruments Ltd, Duemme SPA, Eddyfi NDT Inc., Fischer Technology Inc., Fujifilm Holdings Corporation, Geecy Apave Pvt. Ltd., General Electric Company, Intertek Group PLC, Labquip NDT Limited, LynX Inspection Inc., Magnaflux Corporation, MISTRAS Group, NDTCCS, Nikon Corporation, Olympus Corporation, SGS SA, Sigma NDT Services, Sonatest Ltd., TD Williamson, Inc. , TEAM Inc., YXLON International GmbH, ZEISS Group and Zetec, Inc..
The report provides information about the following pointers:
1. Market Penetration: Provides comprehensive information about the market offered by major players
2. Market Development: Provides detailed information on lucrative emerging markets and analyzes penetration in mature market segments
3. Market Diversification: Provides detailed information on new product launches, untapped geographies, recent developments and investments
4. Competitive Assessment and Intelligence: Provides a comprehensive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of key players
5. Product Development and Innovation: Provides smart insights into future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the global non-destructive testing and inspection market?
2. What are the inhibiting factors and impact of COVID-19 on the global non-destructive testing and inspection market during the forecast period?
3. What are the products/segments/applications/areas to invest in during the forecast period in the Global Non-Destructive Testing and Inspection Market?
4. What is the competitive strategic window for opportunities in the Global Non-Destructive Testing and Inspection Market?
5. What are the technology trends and regulatory frameworks in the global non-destructive testing and inspection market?
6. What is the market share of the major vendors in the global non-destructive testing and inspection market?
7. Which modes and strategic moves are considered suitable for entering the global non-destructive testing and inspection market?
Read the full report: https://www.reportlinker.com/p06202083/?utm_source=GNW
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