South Korea Non-destructive Testing (ndt) Market Size & Outlook
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South Korea non-destructive testing (ndt) market highlights
- The South Korea non-destructive testing (ndt) market generated a revenue of USD 517.4 million in 2023 and is expected to reach USD 904.1 million by 2030.
- The South Korea market is expected to grow at a CAGR of 8.3% 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 517.4 million |
| Market revenue in 2030 | USD 904.1 million |
| Growth rate | 8.3% (CAGR from 2024 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, South Korea accounted for 2.6% 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 |
|---|---|---|---|---|
| Vitesco Technologies Group AG | View profile | 35370 | Siemensstrase 12, Regensburg, BY, Germany, 93055 | https://www.vitesco-technologies.com |
| MoneyMe Ltd Ordinary Shares | View profile | - | 131 Macquarie Street, Level 3, Sydney, NSW, Australia, 2000 | https://www.moneyme.com.au |
| MISTRAS Group Inc | View profile | 4800 | 195 Clarksville Road, Princeton Junction, NJ, United States, 08550 | https://www.mistrasgroup.com |
| AMETEK Inc | View profile | 21500 | 1100 Cassatt Road, Berwyn, PA, United States, 19312-1177 | https://www.ametek.com |
| Bureau Veritas SA | View profile | 81511 | 40/52 Boulevard du Parc, Immeuble Newtime, Neuilly-sur-Seine, France, 92200 | https://group.bureauveritas.com |
| Intertek Group PLC | View profile | 44000 | 33 Cavendish Square, London, United Kingdom, W1G 0PS | https://www.intertek.com |
| SGS AG | View profile | 103193 | 1 Place des Alpes, P.O. Box 2152, Geneva, Switzerland, CH-1211 | https://www.sgs.com |
| Titan International Inc | View profile | 6900 | 1525 Kautz Road, Suite 600, West Chicago, IL, United States, 60185 | https://www.titan-intl.com |
| Comet | View profile | 51-100 | New York, New York, United States, North America | http://www.comet.com |
| Nikon Corp | View profile | 19444 | Konan 2-15-3 Shinagawa Intercity Building C, Minato-ku, Tokyo, Japan, 108-6290 | http://www.nikon.co.jp |
| GE Aerospace | View profile | 125000 | One Financial Center, Suite 3700, Boston, MA, United States, 02111 | https://www.geaerospace.com |
| Olympus Corp | View profile | 33629 | Shinjuku Monolith, 2-3-1 Nishi-Shinjuku, Shinjuku-ku, Tokyo, Japan, 163-0914 | http://www.olympus.co.jp |
South Korea 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 77.16% in 2023. Horizon Databook has segmented the South Korea non-destructive testing (ndt) market based on services, equipment covering the revenue growth of each sub-segment from 2018 to 2030.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea non-destructive testing (ndt) market , including forecasts for subscribers. This country databook contains high-level insights into South Korea non-destructive testing (ndt) market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea non-destructive testing (ndt) market size, by offering, 2018-2030 (US$M)
South Korea Non-destructive Testing (NDT) Market Outlook Share, 2023 & 2030 (US$M)
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