India Non-destructive Testing (ndt) Market Size & Outlook
India non-destructive testing (ndt) market, 2018-2030 (US$M)
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India non-destructive testing (ndt) market highlights
- The India non-destructive testing (ndt) market generated a revenue of USD 614.1 million in 2023 and is expected to reach USD 1,117.0 million by 2030.
- The India market is expected to grow at a CAGR of 8.9% from 2024 to 2030.
- In terms of segment, services was the largest revenue generating offering in 2023.
- Services is the most lucrative offering segment registering the fastest growth during the forecast period.
Non-destructive testing (ndt) market data book summary
| Market revenue in 2023 | USD 614.1 million |
| Market revenue in 2030 | USD 1,117.0 million |
| Growth rate | 8.9% (CAGR from 2023 to 2030) |
| Largest segment | Services |
| Fastest growing segment | Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Services, Equipment |
| Key market players worldwide | Bureau Veritas SA, MISTRAS Group Inc, Comet, MoneyMe Ltd Ordinary Shares, Titan International Inc, Nikon Corp, Olympus Corp, Intertek Group PLC, AMETEK Inc, Vitesco Technologies Group AG, SGS AG, GE Aerospace |
Other key industry trends
- In terms of revenue, India accounted for 3.1% of the global non-destructive testing (ndt) market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China non-destructive testing (ndt) market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 3,041.4 million by 2030.
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Non-destructive Testing (NDT) Market Scope
Non-destructive Testing (NDT) Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
India non-destructive testing (ndt) market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to non-destructive testing (ndt) market will help companies and investors design strategic landscapes.
Services was the largest segment with a revenue share of 76.75% in 2023. Horizon Databook has segmented the India non-destructive testing (ndt) market based on services, equipment covering the revenue growth of each sub-segment from 2018 to 2030.
- India Non-destructive Testing (NDT) Offering Outlook (Revenue, USD Million, 2018-2030)
- Services
- Equipment
- India Non-destructive Testing (NDT) Test Methods Outlook (Revenue, USD Million, 2018-2030)
- Traditional NDT Method
- Visual Testing
- Magnetic Particle Testing
- Liquid Penetrant Testing
- Eddy Current Testing
- Ultrasonic Testing
- Radiographic Testing
- Digital/Advanced NDT Method
- Digital Radiography (DR)
- Phased Array Ultrasonic Testing (PAUT)
- Pulsed Eddy Current (PEC)
- Time-Of-Flight Diffraction (TOFD)
- Alternating Current Field Measurement (ACFM)
- Automated Ultrasonic Testing (AUT)
- Traditional NDT Method
- India Non-destructive Testing (NDT) Vertical Outlook (Revenue, USD Million, 2018-2030)
- Oil & Gas
- Upstream
- Midstream
- Downstream
- Manufacturing
- Aerospace and Defense
- Automotive
- Power Generation
- Others
- Oil & Gas
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Target buyers of India non-destructive testing (ndt) market databook
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Horizon Databook provides a detailed overview of country-level data and insights on the India non-destructive testing (ndt) market , including forecasts for subscribers. This country databook contains high-level insights into India non-destructive testing (ndt) market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
India non-destructive testing (ndt) market size, by offering, 2018-2030 (US$M)
India Non-destructive Testing (NDT) Market Outlook Share, 2023 & 2030 (US$M)
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