Pune, India -- (SBWIRE) -- 01/23/2018 -- Market Highlights

The automobile sector has increased its investment for electrical vehicles. Ultrasonic NDT equipment technology is used for testing during the manufacturing process to detect flaws. The technology is widely used in this sector majorly due to safety measures. For instance, Olympus has introduced ultrasonic testing instruments for automobile industry to detect flaws, thickness gauges and disruptions. Asia-Pacific, Latin America, Middle East are the growth hubs for the automotive sector in the global Ultrasonic NDT Equipment Market.

On the other hand, Ultrasonic NDT equipment technology is used in radiography. The technology uses a beam of wave length and frequency to detect flaws. For instance, magnetic particle testing is used to detect surface and sub-surface discontinuities. Also, ERESCO MF4 portable industrial X-ray generators are designed for reliability and operational productivity. Therefore, the application of ultrasonic NDT equipment in radiography is expected to boost the market in the future.

The global Ultrasonic NDT Equipment market is expected to reach USD 2.47 billion by the end of 2023 with 9.87% CAGR during forecast period 2017-2023.

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Market Research Future Analysis

The global Ultrasonic NDT Equipment market is expected to grow significantly. The market is highly application basis. Power Generation and Oil & Gas Industry of Ultrasonic NDT Equipment market globally drives the market. The market is expected to have higher growth rate as compared to the previous years.

Key Players

The prominent players in the market of Ultrasonic NDT Equipment market are – GE Inspection Technologies (U.S.), Olympus Corporation (Japan), Sonatest (U.K.), Danatronic (U.S.), Eddyfi (Canada), James Instruments (U.S.), NDT Systems (U.S.), PaR systems (U.S.), Qualitest International (Canada) and Trinity NDT (India) among others.

Segments:

Global Ultrasonic NDT Equipment Market, End-User

- Oil & Gas Industry
- Power Generation
- Aerospace and defense sector
- Automotive and Transportation industry

Global Ultrasonic NDT Equipment Market, By Region

- North America
- Europe
- Asia Pacific
- RoW

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Intended Audience

- Ultrasonic NDT Equipment Manufacturers
- Distributors
- Research firms
- Consultancy firms
- Vendors
- Semiconductor Manufacturers
- Stakeholders
- End-user sectors
- Technology Investors

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