$8.7 Billion NDT & Inspection Global Market to 2026 - Featuring Applus Services, Aurora Capital Group and Fischer Technology Among Others - ResearchAndMarkets.com

The "NDT & Inspection Market Research Report by Vertical (Aerospace, Automotive, and Manufacturing), by Type (Equipment and Services), by Testing Technology, by Region (Americas, Asia-Pacific, and Europe, Middle East & Africa) - Global Forecast to 2026 - Cumulative Impact of COVID-19" report has been added to ResearchAndMarkets.com's offering.

The Global NDT & Inspection Market size was estimated at USD 8,793.10 Million in 2020 and expected to reach USD 9,466.51 Million in 2021, at a Compound Annual Growth Rate (CAGR) 7.99% to reach USD 13,951.04 Million by 2026.

Competitive Strategic Window:

The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & 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 categorizes the vendors in the NDT & 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) that aids businesses in better decision making and understanding the competitive landscape.

Market Share Analysis:

The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.

The report provides insights on the following pointers:

1. Market Penetration: Provides comprehensive information on the market offered by the key players

2. Market Development: Provides in-depth information about lucrative emerging markets and analyze penetration across mature segments of the markets

3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments

4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players

5. Product Development & Innovation: Provides intelligent insights on 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 NDT & Inspection Market?

2. What are the inhibiting factors and impact of COVID-19 shaping the Global NDT & Inspection Market during the forecast period?

3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global NDT & Inspection Market?

4. What is the competitive strategic window for opportunities in the Global NDT & Inspection Market?

5. What are the technology trends and regulatory frameworks in the Global NDT & Inspection Market?

6. What is the market share of the leading vendors in the Global NDT & Inspection Market?

7. What modes and strategic moves are considered suitable for entering the Global NDT & Inspection Market?

Market Dynamics

Drivers

• Rising automation in the industrial manufacturing and infrastructure sectors
• Development of radiographic testing equipment
• Increasing awareness amongst the manufacturers regarding the use of non-destructive testing

Restraints

• High cost associated with non-destructive testing equipment

Opportunities

• Increasing deployment of the ultrasonic test method
• Complexity in deploying the radiographic testing method

Challenges

• Dearth of skilled and qualified personnel for inspection services

Companies Mentioned

• Applus Services, S.A
• Ashtead Technology Ltd.
• Aurora Capital Group LLC
• British Engineering Services Limited
• Bureau Veritas SA
• Duemme S.P.A
• Eddyfi NDT Inc.
• Fischer Technology, Inc.
• FUJIFILM Corporation
• Geecy Apave Pvt. Ltd.
• General Electric Company
• Intertek Group PLC
• Magnaflux Corporation
• Mistras Group, Inc.
• Nikon Corporation
• Olympus Corporation
• Sigma NDT Service
• Sonatest Ltd
• Td Williamson, Inc
• TEAM Inc.
• Yxlon International GmbH by InVision Technologies, Inc.

For more information about this report visit https://www.researchandmarkets.com/r/8n40c5

View source version on businesswire.com: https://www.businesswire.com/news/home/20210728005507/en/