About Ultrasonic NDT Equipment
Ultrasonic is one of the types of NDT equipment. NDT is a method of finding discontinuity in a test material without harming the material. Ultrasonic equipment uses high-frequency sound energy to conduct examinations and make measurements. The frequency used for ultrasonic testing is in the range of 500 KHz to 20 MHz. Ultrasonic testing equipment also examines the internal structure or thickness of the material and helps to detect discontinuity within the test material. It is widely used in the oil and gas, power generation, aerospace and defense, automobile, and fabrication industries. High accuracy, reliability, reproduction of output, material characterization, no potential health hazards, and no damage to the test material are some of the advantages of ultrasonic NDT equipment.
Technavio’s analysts forecast the global ultrasonic NDT equipment market to grow at a CAGR of 5.89% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global ultrasonic NDT equipment market for 2016-2020. To calculate the market size, the report covers the present scenario and the growth prospects of the global ultrasonic NDT equipment market for the period 2015-2020.
The market is divided into the following segments based on geography:
• APAC
• Europe
• North America
• ROW
Technavio's report, Global Ultrasonic NDT Equipment Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
• GE Inspection Technologies
• Olympus
• Sonatest
Other prominent vendors
• Danatronics
• Eddyfi
• James Instruments
• NDT Systems
• PaR Systems
• Qualitest International
• Trinity NDT
Market driver
• Emergence of new avenues for natural gas market.
• For a full, detailed list, view our report
Market challenge
• Necessity for price-sensitive and multiple technology solutions.
• For a full, detailed list, view our report
Market trend
• Ultrasonic testing for case-hardened components and laser-welded tailored blanks.
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
Table of Content
PART 01: Executive summary
• Highlights
PART 02: Scope of the report
• Market overview
• Top vendor offerings
PART 03: Market research methodology
• Research methodology
• Economic indicators
PART 04: Introduction
• Key market highlights
PART 05: Market landscape
• Market overview
• Market size and forecast
• Five forces analysis
PART 06: Market segmentation by end-user
• Market overview
• Oil and gas industry
• Power generation
• Aerospace and defense sector
• Automotive and transportation industry
PART 07: Geographical segmentation
• Market overview
• North America
• Europe
• APAC
PART 08: Market drivers
• Expanding aerospace and defense sector
• Growth in wind energy market
• Emergence of new avenues for natural gas market
PART 09: Market challenges
• Necessity for price-sensitive and multiple technology solutions
• Lack of skilled manpower
• Approval of different standards to use new technology
• Rise in pipeline sabotage threats
PART 10: Impact of drivers and challenges
PART 11: Market trends
• Ultrasonic testing for case-hardened components and laser-welded tailored blanks
• Growth in electrical vehicle sales
• Use of phased array equipment in lieu of radiography
• Miniaturization and need for customization of ultrasonic NDT equipment
PART 12: Vendor landscape
• Competitive scenario
• Other prominent vendors
PART 13: Key vendor analysis
• GE Inspection Technologies
• Olympus
• Sonatest
PART 14: Appendix
• List of abbreviations
PART 15: Explore Technavio
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List of Exhibits
Exhibit 01: Key countries in each region
Exhibit 02: Product offerings
Exhibit 03: Global ultrasonic NDT equipment market
Exhibit 04: Global ultrasonic NDT equipment market by products 2015
Exhibit 05: Global ultrasonic NDT equipment market 2015-2020 ($ millions)
Exhibit 06: Global cumulative wind installed capacity 2015-2020 (GW)
Exhibit 07: Five forces analysis
Exhibit 08: Global ultrasonic NDT equipment market by end-users 2015 and 2020 ($ millions)
Exhibit 09: Global ultrasonic NDT equipment market in oil and gas industry 2015-2020 ($ millions)
Exhibit 10: Pipeline transportation
Exhibit 11: Road tanker transportation
Exhibit 12: Rail car transportation
Exhibit 13: Global ultrasonic NDT equipment market in power generation 2015-2020 ($ millions)
Exhibit 14: Global power outlook
Exhibit 15: Source of global power consumption 2014
Exhibit 16: Benefits of nuclear power
Exhibit 17: Upcoming nuclear plants
Exhibit 18: Global ultrasonic NDT equipment market in aerospace and defense sector 2015-2020 ($ millions)
Exhibit 19: Global commercial aircraft delivery 2015-2034
Exhibit 20: Global ultrasonic NDT equipment market in automotive and transportation industry 2015-2020 ($ millions)
Exhibit 21: Global ultrasonic NDT equipment market by geography 2015-2020 ($ millions)
Exhibit 22: Ultrasonic NDT equipment market in the North America 2015-2020 ($ millions)
Exhibit 23: Ultrasonic NDT equipment market in Europe 2015-2020 ($ millions)
Exhibit 24: Ultrasonic NDT equipment market in APAC 2015-2020 ($ millions)
Exhibit 25: Expected cumulative transport infrastructure investments until 2025 in APAC ($ trillions)
Exhibit 26: Major drivers for aerospace and defense sector
Exhibit 27: Global air traffic 2004-2016 (growth %)
Exhibit 28: In-service aircraft reaching 25 years of service life 2015-2025
Exhibit 29: Global cumulative wind installed capacity 2015-2020 (GW)
Exhibit 30: Global cumulative offshore wind installation capacity 2006-2015 (MW)
Exhibit 31: Shifting bases of hydrocarbon exploration
Exhibit 32: Important factors for vendors to sustain in global ultrasonic NDT equipment market
Exhibit 33: Impact of drivers and challenges
Exhibit 34: Global automotive industry 2008, 2013, and 2018
Exhibit 35: US PHEV car sales 2011-2016
Exhibit 36: Global EV sales outlook 2011-2020 (millions of units)
Exhibit 37: Geographical presence of key vendors
Exhibit 38: Other prominent vendors
Exhibit 39: GE Inspection Technologies: Business segmentation
Exhibit 40: GE Inspection Technology: NDT equipment portfolio
Exhibit 41: Olympus: Ultrasonic NDT equipment portfolio
Exhibit 42: Sonatest: Product end-users and applications
Exhibit 43: Sonatest: Product portfolio
