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

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Date: 23-Aug-2016
No. of pages: 178
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“Ultrasonic testing market expected to grow at a CAGR of 8.3% during the forecast period”

The overall ultrasonic testing (UT) market is expected to reach USD 3.93 Billion by 2022, at a CAGR of 8.3% between 2016 and 2022. The key driving factors for the growth of the UT are the demand for reliable non-destructive testing technique for fiberglass and carbon fiber composites in manufacturing. Ultrasonic testing provides a complete and well-established technique for locating and documenting internal flaws. The sound waves are reflected from voids or cracks, changes in the echo pattern indicate changes in the internal structure of a part.

“Phased array ultrasonic testing expected to grow at a high rate in the overall UT market during the forecast period“

The market for phased array type of UT is estimated to grow at a high CAGR during the forecast period. The advantages of phased array UT techniques include the ability to perform electronic scanning of the ultrasonic beam and reduce inspection time by eliminating or reducing the need to move the probes. Furthermore, the phased array technology reduces the use of multiple elements to steer, focus, and scan beams with a single transducer assembly. The phased array UT optimizes defect detection and minimizes inspection time, thus this method is expected to grow at a faster rate than other types of UT techniques during the forecast period.

“The UT market for the power generation vertical is expected to grow at the highest CAGR”

The market for the power generation vertical is estimated to grow at a high CAGR during the forecast period. UT plays an important role in ensuring the safety of nuclear power plants in inspection during construction and whilst in-service. Additionally, developing economies such as India are investing in power grid infrastructure to expand their reach of electricity to almost every household.    

“North America the largest market, whereas APAC to grow at the highest rate for UT market during the forecast period”

The UT market in North America is primarily driven by major infrastructure undertakings in verticals such as aerospace, power generation, and transportation in the U.S. The market in APAC is expected to grow at a high CAGR between 2016 and 2022. The growth of the UT market in APAC is because of the rapid infrastructural development. The market for NDT equipment is forecast to grow fast, driven primarily by major infrastructure advancements and automation in manufacturing processes in countries such as India and China.

The break-up of the profiles of primary participants for the report has been given below:


  • By Company Type: Tier 1 – 35%, Tier 2 – 45%, and Tier 3 – 20%

  • By Designation: C–Level Executives – 35%, Directors– 25%, Others – 40%

  • By Region: North America - 25%, Europe – 30%, APAC – 35%, RoW – 10%


The key players in the 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).

Objectives of the study


  • To define, describe, and forecast the ultrasonic testing market segmented on the basis of type, equipment, service, vertical, and geography

  • To provide detailed information regarding the major factors influencing the growth of the UT market (drivers, restraints, opportunities, and industry-specific challenges)

  • To provide a detailed overview of the value chain in the UT market and analyze the market trends with the Porter's five forces analysis

  • To forecast the market size, in terms of value, for various segments with respect to four main regions (along with their respective countries), namely, North America, Europe, Asia-Pacific, and Rest of the World


Target audience of the report:


  • Associations, organizations, and alliances related to NDT

  • Government bodies such as regulating authorities and policy makers

  • Original equipment manufacturers (OEMs)

  • Providers of ultrasonic testing services

  • Research organizations and consulting companies

  • Suppliers of related accessories for ultrasonic testing equipment

  • Ultrasonic testing equipment distributors and suppliers

  • Venture capitalists and private equity firms


Scope of the report:

This research report categorizes the global ultrasonic testing market on the basis of type, equipment, services, vertical, and geography.

Ultrasonic Testing Market, by Type:


  • Time of Flight Diffraction

  • Phased Array techniques

  • Ultrasonic Immersion Testing

  • Guided-Wave Ultrasonic

  • Ultrasonic Acoustography

  • Ultrasonic spectroscopy


Ultrasonic Testing Market, by Equipment:


  • Flaw Detectors

  • Thickness Gages

  • Transducers and Probes

  • Industrial Scanners Tube Inspection Systems

  • Bond testers

  • Imaging Systems


Ultrasonic Testing Market, by Service:


  • Inspection Services

  • Equipment Rental Services

  • Training

  • Calibration


Ultrasonic Testing Market, by Application:


  • Manufacturing

  • Oil & Gas

  • Aerospace

  • Government Infrastructure

    • Military & Defense

    • Railway Industry

    • Bridges and Tunnels



  • Automotive

  • Marine

  • Power Generation

    • Nuclear Power

    • Renewable Energy

    • Fossil Fuel




Ultrasonic Testing Market, by Geography:


  • North America

  • Europe

  • Asia-Pacific (APAC)

  • Rest of the World (RoW)

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

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Geographic Scope
1.3.3 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Introduction
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown & Data Triangulation
2.4 Research Assumptions

3 Executive Summary

4 Premium Insights
4.1 Lucrative Opportunities in the Ultrasonic Testing Market
4.2 Ultrasonic Testing Market – Comparison of Growth Pattern of Ultrasonic Testing Services
4.3 Market Share of Marjor Countries, 2015
4.4 Ultrasonic Testing Market, By Equipment
4.5 Ultrasonic Testing Market, By Type
4.6 Ultrasonic Testing Market, By Region

5 Market Overview
5.1 Introduction
5.2 Market Segmentation
5.2.1 Ultrasonic Testing Market, By Type
5.2.2 Ultrasonic Testing Market, By Equipment
5.2.3 Ultrasonic Testing Market, By Service
5.2.4 Ultrasonic Testing Market, By Vertical
5.2.5 Ultrasonic Testing Market, By Geography
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Development of Portable Phased Array Ultrasonic Testing Equipment
5.3.1.2 Need for Reliable Non-Destructive Testing Technique for Fiberglass and Carbon Fiber Composites in Manufacturing
5.3.1.3 Growth in the Ultrasonic Testing Services Market
5.3.1.4 Government Mandates
5.3.1.5 Aging Infrastructure is Driving the Need for Maintenance
5.3.2 Restraints
5.3.2.1 Inadequate Ability of Manual Ultrasonic Testing to Detect Early Stages of Damage
5.3.2.2 High Cost of Automated UT Equipment
5.3.3 Opportunities
5.3.3.1 Growing Infrastructure Development in Emerging Economies
5.3.3.2 Power Generation Sector is Creating Growth Opportunity for Ultrasonic Testing Services Market
5.3.4 Challenge
5.3.4.1 Decreasing Oil & Gas Prices
5.3.4.2 Lack of Skilled Technicians

6 Industry Trends
6.1 Value Chain Analysis
6.2 Porter’s Five Forces Analysis
6.2.1 Threat of New Entrants
6.2.2 Threat of Substitutes
6.2.3 Bargaining Power of Suppliers
6.2.4 Bargaining Power of Buyers
6.2.5 Intensity of Rivalry

7 Market, By Type
7.1 Introduction
7.2 Time-Of-Flight Diffraction
7.3 Phased Array
7.4 Immersion Testing
7.5 Guided-Wave Testing
7.6 Acoustography
7.7 Others

8 Market, By Equipment
8.1 Introduction
8.2 Flaw Detectors
8.3 Thickness Gauges
8.4 Transducers & Probes
8.5 Industrial Scanners
8.6 Tube Inspection Systems
8.7 Bond Testers
8.8 Imaging Systems
8.9 Others

9 Market, By Service
9.1 Introduction
9.2 Inspection Services
9.3 Equipment Rental Services
9.4 Calibration Services
9.5 Training Services

10 Market, By Vertical
10.1 Introduction
10.2 Manufacturing
10.3 Oil & Gas
10.3.1 Refining
10.3.2 Subsea Pipelines
10.3.3 Storage Tanks
10.4 Aerospace
10.4.1 Aircraft Engine Part Production to Be the Key Application Area of UT
10.4.2 Airplane Maintenance Applicatons
10.5 Government Infrastructure
10.5.1 Military & Defense
10.5.2 Railways Industry
10.5.3 Bridges and Tunnels
10.6 Automotive
10.7 Power Generation
10.7.1 Nuclear Power Drives the Growth of UT in the Power Generation
10.7.2 Renewable Energy
10.7.3 Fossil Fuel Energy
10.8 Marine
10.9 Others
10.9.1 Healthcare
10.9.2 Plastic and Polymer

11 Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 U.S.
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 U.K.
11.3.2 Germany
11.3.3 France
11.3.4 Italy
11.3.5 Rest of Europe
11.4 Asia-Pacific
11.4.1 China
11.4.2 Japan
11.4.3 India
11.4.4 Rest of APAC
11.5 Rest of the World
11.5.1 South America
11.5.2 Middle East
11.5.3 Africa

12 Competitive Landscape
12.1 Overview
12.2 Market Ranking Analysis
12.3 Competitive Situation and Trends
12.3.1 New Product Launches
12.3.2 Contracts, Partnerships, Projects, and Expansions
12.3.3 Mergers & Acquisitions

13 Company Profile
13.1 Introduction
13.2 Mistras Group, Inc.
13.3 Olympus Corporation
13.4 General Electric Co.
13.5 Sonatest Ltd.
13.6 Amerapex Corporation
13.7 Sonotron NDT
13.8 Tecscan Systems Inc.
13.9 Ashtead Technology
13.10 NDT Systems Inc.
13.11 Applied Technical Services, Inc.

14 Appendix
14.1 Insights of Industry Experts
14.2 Discussion Guide
14.3 Introducing RT: Real-Time Market Intelligence
14.4 Available Customizations
14.5 Related Reports

List of Tables

Table 1 Ultrasonic Testing Market, By Type, 2013–2022 (USD Million)
Table 2 Ultrasonic Testing Market, By Equipment, 2013–2022 (USD Million)
Table 3 Ultrasonic Testing Market for Equipment, By Region, 2013–2022 (USD Million)
Table 4 Ultrasonic Testing Market for Flaw Detectors, By Vertical, 2013–2022 (USD Million)
Table 5 Ultrasonic Testing Market for Flaw Detectors, By Region, 2013–2022 (USD Million)
Table 6 Ultrasonic Testing Market for Thickness Gauges, By Vertical, 2013–2022 (USD Million)
Table 7 Ultrasonic Testing Market for Thickness Gauges, By Region, 2013–2022 (USD Million)
Table 8 Ultrasonic Testing Market for Transducers & Probes, By Vertical, 2013–2022 (USD Million)
Table 9 Ultrasonic Testing Market Size for Transducers & Probes, By Region, 2013–2022 (USD Million)
Table 10 Ultrasonic Testing Market Size for Industrial Scanners, By Vertical, 2013–2022 (USD Million)
Table 11 Ultrasonic Testing Market Size for Industrial Scanners, By Region, 2013–2022 (USD Million)
Table 12 Ultrasonic Testing Market for Tube Inspection Systems, By Vertical, 2013–2022 (USD Million)
Table 13 Ultrasonic Testing Market for Tube Inspection Systems, By Region, 2013–2022 (USD Million)
Table 14 Ultrasonic Testing Market for Bond Testers, By Vertical, 2013–2022 (USD Million)
Table 15 Ultrasonic Testing Market for Bond Testers, By Region, 2013–2022 (USD Million)
Table 16 Ultrasonic Testing Market for Imaging Systems, By Vertical, 2013–2022 (USD Million)
Table 17 Ultrasonic Testing Market for Imaging Systems, By Region, 2013–2022 (USD Million)
Table 18 Ultrasonic Testing Market for Other Equipment, By Vertical, 2013–2022 (USD Million)
Table 19 Ultrasonic Testing Market for Other Equipment, By Region, 2013–2022 (USD Million)
Table 20 Ultrasonic Testing Market, By Service, 2013–2022 (USD Million)
Table 21 Ultrasonic Testing Market for Inspection Services, By Vertical, 2013–2022 (USD Million)
Table 22 Ultrasonic Testing Market for Inspection Services, By Region, 2013–2022 (USD Million)
Table 23 Ultrasonic Testing Market for Equipment Rental Services, By Vertical, 2013–2022 (USD Million)
Table 24 Ultrasonic Testing Market for Equipment Rental Services, By Region, 2013–2022 (USD Million)
Table 25 Ultrasonic Testing Market for Calibration Services, By Vertical, 2013–2022 (USD Million)
Table 26 Ultrasonic Testing Market for Calibration Services, By Region, 2013–2022 (USD Million)
Table 27 Ultrasonic Testing Market for Training Services, By Vertical, 2013–2022 (USD Million)
Table 28 Ultrasonic Testing Market for Training Services , By Region, 2013–2022 (USD Million)
Table 29 Ultrasonic Testing Market, By Vertical, 2013–2022 (USD Million)
Table 30 Ultrasonic Testing Market for Equipment, By Vertical, 2013–2022 (USD Million)
Table 31 Ultrasonic Testing Market for Services, By Vertical, 2013–2022 (USD Million)
Table 32 Ultrasonic Testing Market for Manufacturing Vertical, By Equipment, 2013–2022 (USD Million)
Table 33 Ultrasonic Testing Market for Manufacturing Vertical, By Service, 2013–2022 (USD Million)
Table 34 Ultrasonic Testing Market for Oil & Gas Vertical, By Equipment, 2013–2022 (USD Million)
Table 35 Ultrasonic Testing Market for Oil & Gas Vertical, By Service, 2013–2022 (USD Million)
Table 36 Ultrasonic Testing Market for Aerospace Vertical, By Equipment, 2013–2022 (USD Million)
Table 37 Ultrasonic Testing Market for Aerospace Vertical, By Service, 2013–2022 (USD Million)
Table 38 Ultrasonic Testing Market for Governement Infrastructure Vertical, By Equipment, 2013–2022 (USD Million)
Table 39 Ultrasonic Testing Market for Governement Infrastructure Vertical, By Service, 2013–2022 (USD Million)
Table 40 Ultrasonic Testing Market for Automotive Vertical, By Equipment, 2013–2022 (USD Million)
Table 41 Ultrasonic Testing Market for Automotive Vertical, By Service, 2013–2022 (USD Million)
Table 42 Ultrasonic Testing Market for Power Generation Vertical, By Equipment, 2013–2022 (USD Million)
Table 43 Ultrasonic Testing Market for Power Generation Vertical, By Service 2013–2022 (USD Million)
Table 44 Ultrasonic Testing Market for Marine Vertical, By Equipment, 2013–2022 (USD Million)
Table 45 Ultrasonic Testing Market Size for Marine Vertical, By Service, 2013–2022 (USD Million)
Table 46 Ultrasonic Testing Market for Other Verticals, By Equipment, 2013–2022 (USD Million)
Table 47 Ultrasonic Testing Market for Other Verticals, By Service, 2013–2022 (USD Million)
Table 48 Ultrasonic Testing Market, By Region, 2013–2022 (USD Million)
Table 49 Ultrasonic Testing Market for Equipment, By Region, 2013–2022 (USD Million)
Table 50 Ultrasonic Testing Market for Services, By Region, 2013–2022 (USD Million)
Table 51 Ultrasonic Testing Market in North America, By Country, 2013–2022 (USD Million)
Table 52 Ultrasonic Testing Market in North America, By Equipment, 2013–2022 (USD Million)
Table 53 Ultrasonic Testing Market in North America, By Service, 2013–2022 (USD Million)
Table 54 Ultrasonic Testing Market in Europe, By Country, 2013–2022 (USD Million)
Table 55 Ultrasonic Testing Market in Europe, By Equipment, 2013–2022 (USD Million)
Table 56 Ultrasonic Testing Market in Europe, By Service, 2013–2022 (USD Million)
Table 57 Ultrasonic Testing Market in APAC, By Country, 2013–2022 (USD Million)
Table 58 Ultrasonic Testing Market in APAC, By Equipment, 2013–2022 (USD Million)
Table 59 Ultrasonic Testing Market in APAC, By Service, 2013–2022 (USD Million)
Table 60 Ultrasonic Testing Market in RoW, By Region, 2013–2022 (USD Million)
Table 61 Ultrasonic Testing Market in RoW, By Equipment, 2013–2022 (USD Million)
Table 62 Ultrasonic Testing Market in RoW, By Service, 2013–2022 (USD Million)
Table 63 Market Ranking, 2015
Table 64 New Product Launches, 2013–2016
Table 65 Contracts, Partnerships, Partnerships, and Expansions, 2013–2016
Table 66 Mergers & Acquisitions, 2013–2016

List of Figures

Figure 1 Ultrasonic Testing Market Segmentation
Figure 2 Ultrasonic Testing Market: Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Ultasonic Testingt Market Size, 2013–2022 (USD Million)
Figure 7 Phased Array Type of Ultrasonic Testing Expected to Dominate the Market During the Forecast Period
Figure 8 Ultrasonic Testing Market Snapshot, By Service (2016 vs 2022)
Figure 9 Power Generation Vertical to Exhibit High Growth, Between 2016 and 2022
Figure 10 North America Expected to Hold A Major Share of the Ultrasonic Testing Market During the Forecast Period
Figure 11 Power Generation Sector to Drive the Ultrasonic Testing Market Between 2016 and 2022
Figure 12 Inspection Services to Hold the Largest Market Size During the Forecast Period
Figure 13 U.S Held the Largest Share in the Ultrasonic Testing Market in 2015
Figure 14 Flaw Detectors Held the Largest Share of Ultrasonic Testing Equipment Market In
Figure 15 Phased Array Method Expected to Grow at the Highest Rate in the UT Market During the Forecast Period
Figure 16 UT Market in APAC to Grow at the Highest Rate During the Forecast Period
Figure 17 Market Segmentation, By Geography
Figure 18 Ultrsonic Testing Market Dynamics, 2016–2022
Figure 19 Major Value Added During the Manufacturing & Assembly Phase of Ultrasonic Testing Equipment
Figure 20 Porter’s Five Forces Analysis –Ultrasonic Testing Matket
Figure 21 Porter’s Five Forces – Impact Analysis, 2015
Figure 22 Ultrasonic Testing Market: Threat of New Entrants, 2015
Figure 23 Ultrasonic Testing Market: Threat of Substitutes, 2015
Figure 24 Ultrasonic Testing Market: Bargaining Power of Suppliers, 2015
Figure 25 Ultrasonic Testing Market: Bargaining Power of Buyers, 2015
Figure 26 Ultrasonic Testing Market: Intensity of Rivalry, 2015
Figure 27 Ultrasonic Testing Market, By Type
Figure 28 Phased Array Method is Expected to Dominate the Ultrasonic Testing Market During the Forecast Period
Figure 29 Ultrasonic Testing Market, By Equipment
Figure 30 Flaw Detectors Dominated the Ultrasonic Testing Market During the Forecast Period
Figure 31 Ultrasonic Flaw Detectors Market Expected Grow at A High Rate in APAC
Figure 32 Power Generation Expected to Dominate the Ultrasonic Transducers & Probes Market During the Forecast Period
Figure 33 North America Dominated the Ultrasonic Market for Tube Inspection Systems During the Forecast Period
Figure 34 Ultrasonic Testing Market, By Service
Figure 35 Inspection Services Held the Largest Size of the Ultrasonic Testing Market During the Forecast Period
Figure 36 Power Generation Expected to Dominate the Ultrasonic Testing Market for Inspection Services During the Forecast Period
Figure 37 Ultrasonic Testing Market for Training Services Expected to Grow at the Highest Rate in APAC
Figure 38 Ultrasonic Testing Market, By Vertical
Figure 39 Power Generation Expected to Grow at the Highest Rate and Dominate the Ultrasonic Testing Market By 2022
Figure 40 Ultrasonic Flaw Detectors to Hold the Largest Size in the Oil & Gas Vertical During the Forecast Period
Figure 41 Inspection Services to Hold the Largest Size in the Ultrasonic Testing Market for Power Generation Vertical
Figure 42 Ultrasonic Testing Market, By Geography
Figure 43 Ultrasonic Testing Market Overview in North America
Figure 44 Inspection Service Dominated the North American Ultrasonic Testing Market
Figure 45 Europe: Market Snapshot, 2015
Figure 46 Tube Inspection Systems is Expected to Grow at the Highest Rate in the European Ultrasonic Testing Market During the Forecast Period
Figure 47 Ultrasonic Testing Market Overview in APAC
Figure 48 RoW: Market Snapshot, 2015
Figure 49 Companies Adopted Agreements and New Product Launches as Key Growth Strategies Between 2013 and 2016
Figure 50 Battle for Market Share: New Product Launches Was the Key Strategy
Figure 51 Geographic Revenue Mix of Top Players
Figure 52 Mistras Group Inc.: Company Snapshot
Figure 53 Mistras Group Inc.: SWOT Analysis
Figure 54 Olympus Corporation: Company Snapshot
Figure 55 Olympus Corporation: SWOT Analysis
Figure 56 General Electric: Company Snapshot
Figure 57 General Electric: SWOT Analysis
Figure 58 Ashtead Group PLC: Company Snapshot
Figure 59 Ashtead Technology: SWOT Analysis

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