Nondestructive
testing is a wide group of analysis techniques used to evaluate
properties of components, systems and materials without altering the
original properties. These testing technologies are gaining
popularity due to its time and cost saving benefits over other
material testing technologies. NDT testing methods include
ultrasonic, remote visual inspection (RVI), liquid penetrant,
magnetic-particle, eddy-current testing, low coherence interferometry
and radiographics. NDT is comprehensively used in mechanical,
forensic, electrical, systems, civil, and aeronautical engineering as
well as art and medicine.
The
NDT equipment industry represents huge growth potential in the future
as it is one of the less impacted industries at times of financial
crisis. The demand for NDT equipments used in inspections and quality
checks observed an upward growth and is expected to grow at a
significant rate due to the increasing importance for quality control
among industry players across various verticals. North America is the
largest regional market for NDT equipments due to stringent safety
regulations implemented by the government which forces manufacturers
to frequently engage in inspection activities. Asia-Pacific is
expected to experience the fastest growth due to rapid growth in
infrastructure, aerospace and power generation sectors particularly
in emerging countries such as India, China and Indonesia.
Advancement
in inspection software will further increase the demand for these
equipments. Some of the key driving factors for this market are
increasing demand for automation, assured return on investment and
advancement in electronics. Some of the major challenges for the
growth of this market are high inspection cost and lack of product
knowledge. The rapidly growing service and automation industry
represent the most potential end users for this market. Key players
in this industry include YXLON international, GE Inspection
technologies, Olympus Corporation, Nikon metrology, Mistras, Zetec,
and Dr. Foerster.
This
research report analyzes this market depending on its market
segments, major geographies, and current market trends. Geographies
analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This
report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This
report is a complete study of current trends in the market, industry
growth drivers, and restraints. It provides market projections for
the coming years. It includes analysis of recent developments in
technology, Porter’s five force model analysis and detailed
profiles of top industry players. The report also includes a review
of micro and macro factors essential for the existing market players
and new entrants along with detailed value chain analysis.
More
Reports on Technology
& Media
Market:
http://www.transparencymarketresearch.com/technology-market-reports-8.html
About
Us
Transparency
Market Research is a market intelligence company providing global
business information reports and services. Our exclusive blend of
quantitative forecasting and trends analysis provides forward-looking
insight for thousands of decision makers.
Contact:
Transparency
Market Research
90
State Street,
Suite 700,
Albany
NY - 12207
United States
Tel: +1-518-618-1030
Suite 700,
Albany
NY - 12207
United States
Tel: +1-518-618-1030
USA
- Canada Toll Free 866-552-3453
Browse
Market Research Blogs:
Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises of major players in Life Sciences, Information Technology, Telecom, Financial Services (Banking, Insurance), Energy, Retail, Manufacturing, Automotive, and Social sector. Our clients rely on our market analysis and data to make informed knowledgeable decisions. We are regarded as one of the best providers of knowledge. Our pertinent analysis helps consultants, bankers and executives to make informed and correct decisions.
ReplyDeleteMarket Research
Latest Market Research Report
Check out the Renub Research
Renub Research Graphic Zone