According to the new market research report "Ultrasonic
Testing Market by Type (Time-of- Flight Diffraction, Phased Array,
Immersion Testing, Guided-Wave), Equipment (Flaw Detectors, Tube Inspection,
Transducers & Probes, Bond testers), Service, Vertical, and Geography -
Global Forecast to 2022", published by MarketsandMarkets, the market
is expected to reach USD
3.93 Billion by 2022, at a CAGR of 8.3% between 2016 and
2022.
The factors which are driving the growth of market include development
of portable phased array ultrasonic testing equipment, need for reliable
non-destructive testing technique for fiberglass and carbon fiber composites in
manufacturing, growth in ultrasonic testing services market, and government
mandates.
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Brochure:
Ultrasonic flaw detectors accounted for a major share of the
overall UT market during the forecast period"
The
ultrasonic flaw detectors are expected to lead the UT market between 2016 and
2022. Flaw detectors are widely used as the depth of penetration is superior to
other methods and they provide highly accurate flaw sizing and shape of the
equipment to be tested. Moreover, this equipment generates and displays an
ultrasonic waveform that is interpreted by a trained operator, often with the
aid of analysis software, to locate and categorize flaws in test pieces
Training services expected to grow at the highest CAGR between
2016 and 2022
With the
aging infrastructure and the growing rate of new infrastructure development,
the demand for skilled NDT technicians is expected to grow in the near future.
Appropriate training enables the UT supervisor the ability to detect flaws with
a high degree of accuracy and reliability without causing damage to the
structures or components.
APAC expected to dominate the UT between 2016 and 2022
Countries
in Asia-Pacific are
involved in the manufacturing of defense aircraft, which would increase the
scope of UT in the defense and aerospace sector. The UT market in Asia-Pacific is
expected to grow tremendously owing to the rapid infrastructural development.
The market for UT equipment is expected to grow fast, driven primarily by major
infrastructure advancements and automation in manufacturing processes in
countries such as India and China.
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The major players involved in the ultrasonic testing market include
General Electric (U.S.), Olympus Corporation (Japan), Ashtead Technology Ltd.
(U.K.), Mistras Group Inc. (U.S.), and TecScan Systems Inc. (Canada),
Sonatest Ltd. (U.K.), Amerapex Corporation (U.S.), NDT Systems Inc. (U.S.), Applied
Technical Services, Inc. (U.S.), and Sonotron NDT (Israel).
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