PUNE, India, August 23, 2016 /PRNewswire/ --
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.
Browse 66 market data Tables and 59 Figures spread through 178 Pages and in-depth TOC on "Ultrasonic Testing Market".
Early buyers will receive 10% customization on this report.
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.
"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.
Inquiry Before Buying: http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=131229239
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).
Browse Related Reports
Non-Destructive Testing and Inspection Market by Technique (Visual Testing, Magnetic Particle, Liquid Penetrant, Eddy Current, Ultrasonic, Radiographic, Acoustic Emission, Terahertz Imaging), Service, Vertical, and Geography - Global Forecast to 2022
Machine Condition Monitoring Market by Monitoring Type (Vibration Monitoring, Ultrasound Monitoring, Thermography, & Others), Components, Monitoring Process (Portable & Online Condition Monitoring), Applications, and Geography - Global Trend & Forecast to 2020
Know More About our Knowledge Store @ http://www.marketsandmarkets.com/Knowledgestore.asp
MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical info graphics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
Visit MarketsandMarkets Blog http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets