Ultrasonic Testing Market Global Industry Research, Size and Forecast, 2018 - 20
Posted by Shirish Wadaskar on May 4th, 2018
Ultrasonic testing uses high frequency sound waves for measurement and detection. The ultrasonic testing is based on the principle of capture and quantification of either the reflected waves or transmitted wave. Ultrasonic waves has wide range of application in various industrial verticals such as flaw detection, dimensional measurement, material characterization, sonography and therapeutic ultrasound, among others. Moreover, ultrasonic testing equipment are portable as well as automated and nonhazardous to operators or nearby personnel and does not affect the material being tested.
Ultrasonic Testing Market: Market Dynamics
The increase in demand for reliable non-destructive method in manufacturing of fiberglass and carbon fiber composite, is one of the primarily driver that boost the growth of ultrasonic testing market in the upcoming years. Increasing uses of ultrasonic testing in defense and aerospace sector for detecting the internal flaws with greater accuracy as well as capable of detecting small flaws, is another factor which is anticipated for the growth of ultrasonic testing market. Growing infrastructure development and need of maintenance the aging infrastructure is also demanding the new and advanced technologies that has high penetration rate in detecting the flaws and reduced the inspection time. This factor propel the sales of ultrasonic testing equipment in the ultrasonic testing market. Moreover, ultrasonic testing plays a significant role in ensuring safety of nuclear power plants in the inspection during construction, such need of ultrasonic testing equipment is expected to fuel the growth of ultrasonic testing market.
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Skilled and trained technician is required for the maintenance and testing of ultrasonic testing equipment as it is a highly sensitive devices. This factor is anticipated to slow down the growth of ultrasonic testing market.
In current scenario, rental system of ultrasonic testing equipment is expected to gain traction over the forecast period. The demand of renting ultrasonic testing equipment in medium and small sized enterprises is quite high, so the prominent vendors are providing Ultrasonic testing equipment on rent. This factor is expected to become the driver of the said market in the upcoming years.
Ultrasonic Testing Market: Segmentation
Ultrasonic Testing Market can be segmented on the basis of Type, Equipment and End Use.
On the basis of Type Ultrasonic Testing can be segmented into:
On the basis of Equipment Ultrasonic Testing can be segmented into:
On the basis of End Use Ultrasonic Testing can be segmented into:
Ultrasonic Testing Market: Regional Overview
Asia Pacific is estimated to account prominent market share for Ultrasonic Testing market due to industrial growth observed in the emerging economies such as India and China during the forecast period. Asia pacific is expected to grow rapidly due to increase in the automation in manufacturing industry and also increasing application of ultrasonic testing in defense and aerospace sector. Ultrasonic Testing market in Europe is expected to grow with significant growth rate, owing to growing manufacturing industry. Moreover, North America is anticipated for the growth of Ultrasonic Testing market due to high adoption rate of advanced technologies and increasing utilization of these ultrasonic testing an all verticals such as power generation, aerospace, defense, transportation, among others. Ultrasonic Testing market in Middle East and Africa is projected to grow with moderate rate in the upcoming year.
Ultrasonic Testing Market: Market Participants
Examples of some of the market participants identified across the value chain of the global Ultrasonic Testing Market includes:
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About the AuthorShirish Wadaskar
Joined: December 22nd, 2016
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