Ultrasonic Testing Market Valuation and Overview – 2024-2030Posted by Tom C on July 29th, 2024 The Ultrasonic Testing Market is projected to experience significant growth from 2024 to 2030, driven by the escalating demand for non-destructive testing (NDT) techniques across various industries such as oil & gas, aerospace, automotive, and construction. Valued for its accuracy, safety, and efficiency in detecting material flaws and structural integrity issues, ultrasonic testing is increasingly being adopted to ensure compliance with stringent safety and quality standards. Technological advancements, including the development of phased array ultrasonic testing (PAUT) and automated ultrasonic testing (AUT) systems, are expected to enhance inspection capabilities and drive market expansion. The rising focus on infrastructure maintenance, coupled with the need for extending the lifespan of aging assets, is further propelling market growth. The global ultrasonic testing market size is projected to reach USD 4.2 billion by 2026, at a compound annual growth rate (CAGR) of 7.1% during the forecast period. Download PDF Brochure: The ultrasonic technique (UT) is likely to be the largest contributor in the market during the forecast period Inspection services to account for the largest market size by 2021 The Ultrasonic testing market in APAC to grow at the highest CAGR during the forecast period The market was dominated by ultrasonic testing companies such as Baker Hughes(US), Olympus Corporation (Japan), MISTRAS Group (US), Intertek (UK), Sonatest (UK), Zetec, Inc. (US), T.D. Williamson Inc. (US), Bosello High Technology srl (Italy), Eddyfi (Canada), and Magnaflux (US), Fischer Technology Inc. (US), Cygnus Instruments Ltd. (UK), NDT Global GmbH (Germany), Acuren (US), and LynX Inspection (Canada). Like it? Share it!More by this author |