Increasing Investment in the Global Transportation Industry Drives Growth in the NDT Market

Frost & Sullivan finds considerable investment to clear aircraft orders backlog and expand vehicle production to support increasing demand

Dec 08, 2015, 10:47 ET from Frost & Sullivan

MOUNTAIN VIEW, Calif., Dec. 8, 2015 /PRNewswire/ -- Stringent regulations for safety and emission control are steering the development of the nondestructive testing (NDT) equipment and inspection services market in the transportation industry. The emphasis on lightweighting and the resulting use of advanced materials are changing requirements for manufacturing and maintenance inspection, accelerating NDT adoption. Even though the transportation sector will lag behind energy industries in terms of NDT market potential, its steady growth and higher acceptance of sophisticated technology will fuel revenues.

Logo -

Recent analysis from Frost & Sullivan, Analysis of the NDT Inspection Services and NDT Equipment Market in the Transportation Industry (, finds that the total market earned revenues of $1.93 billion in 2014 and estimates this to reach $2.75 billion in 2019.

For complimentary access to more information on this research, please visit:

While the global NDT market for the transportation industry has remained fairly insulated from the economic slowdown, equipment and service providers in Europe continue to face the challenges stemming from the Eurozone debt crisis. However, Asia-Pacific, the Middle East, Africa and Latin America are proving to be growth hubs for the NDT transportation market.

"The expansion of the aerospace industry in these emerging regions is a significant driver for the demand of NDT equipment and inspection services," said Frost & Sullivan Manufacturing 4.0 Research Analyst Apoorva Ravikrishnan. "The automotive industry too has recovered remarkably in the last three years, and the spike in vehicle production rates and investments in new production facilities bode well for the market."

Convergence between digital technology platforms and NDT techniques will give rise to newer opportunities in the NDT industry by 2020. For instance, "smart" inspection is a novel paradigm that will facilitate the development of innovative NDT products through the integration of NDT techniques with augmented reality, robotics, Big Data analytics and virtualization.

Sensor-based permanent monitoring will also make rapid headway, replacing periodic inspection, especially in the aerospace and railway sectors. Permanent monitoring will enable original equipment manufacturers to proactively prevent defects and avert up to 80 percent of field failures.

"The advent of the Industrial Internet of Things will further transform business models in the NDT space," anticipated Ravikrishnan. "Therefore, NDT inspection service providers that extend their portfolio to include engineering services will be able to widen their presence in the transportation domain."

Analysis of the NDT Inspection Services and NDT Equipment Market in the Transportation Industry is part of the Test & Measurement ( Growth Partnership Service program. Frost & Sullivan's related studies include: Analysis of Global NDT Equipment Market, Strategic Analysis of the North American Oil and Gas NDT Inspection Services Market, Strategic Analysis of Middle East and North Africa NDT Inspection Services Market, Analysis of Global NDT Training Services Market, Emerging and Non-traditional NDT Equipment Market, and Analysis of Global Ultrasonic NDT Equipment Market. All studies included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.

Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

  • The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
  • The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Contact Us:     Start the discussion

Join Us:           Join our community

Subscribe:       Newsletter on "the next big thing"

Register:         Gain access to visionary innovation

Analysis of the NDT Inspection Services and NDT Equipment Market in the Transportation Industry

Jaylon Brinkley
Corporate Communications – North America
P: (210) 247.2481
F: (210) 348.1003


SOURCE Frost & Sullivan