Research and Markets has announced the addition of the "Non-Destructive Testing (NDT) Market by Component, End-User, Technique, Application & Region - Global Forecast to 2022" report to their offering.

The non-destructive testing market is estimated to be USD 15.06 billion in 2016 and is projected to reach USD 24.23 billion by 2022, at a CAGR of 8.24% from 2016 to 2022.

The non-destructive testing market is witnessing growth due to increasing demand for new infrastructures and the growing need to renovate the existing aging infrastructure. Outsourcing of non-destructive testing operations to third-party vendors and emergence of Industrial Internet of Things (IIoT) are additional factors propelling the growth of this market. However, the non-destructive testing market faces a series of challenges with respect to high cost of advanced non-destructive testing equipment and lack of skilled technicians.

The BRICS countries are expected to lead the non-destructive testing market during the forecast period. BRICS countries that include China, India, Russia, Brazil, and South Africa collaboratively account for a significant share of the global non-destructive testing market in 2016. Increased spending on infrastructure and aerospace & defense sectors, coupled with the growing focus towards generation of nuclear energy is driving the growth of the non-destructive testing market.

Companies Mentioned:

  • Ashtead Technology, Inc.
  • Bosello High Technology S.R.L.
  • Fujifilm Holding Corporation
  • GE Measurement & Control
  • Intertek Group PLC
  • Mistras Group, Inc.
  • Nikon Metrology, Inc.
  • Olympus Corporation
  • SGS S.A.
  • Sonatest Ltd.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Non-Destructive Testing Market, By Method

8 Non-Destructive Testing Market, By Technique

9 Non-Destructive Testing Market, By Application

10 Non-Destructive Testing Market, By Component

11 Non-Destructive Testing Market, By End User

12 Non-Destructive Testing Market, By Region

13 Competitive Landscape

14 Company Profiles

15 Appendix

For more information about this report visit http://www.researchandmarkets.com/research/p9zqql/nondestructive