According to a new report, published by KBV research, The Global NDT and Inspection Market size is expected to reach $21.3 billion by 2030, rising at a market growth of 10.4% CAGR during the forecast period.
Robotics and automation are reshaping the landscape of NDT, particularly in industries with hazardous environments or hard-to-reach areas. Robotic systems equipped with NDT sensors can navigate complex structures, perform inspections with high precision, and enhance overall safety by reducing human exposure to risk. Likewise, AR and VR technologies are finding applications in NDT training and inspection processes. These immersive technologies enhance inspection data visualization, enabling technicians to interpret complex information more effectively. AR-guided inspections improve accuracy and streamline decision-making in real time.
The rise of 3D printing and additive manufacturing has necessitated specialized NDT methods for inspecting complex geometries and intricate structures. Innovations in techniques like computed tomography (CT) scanning and digital radiography cater to the unique challenges posed by additive manufacturing processes, ensuring the quality of printed components.
The Services segment is leading the Global NDT and Inspection Market by Offering in 2022; thereby, achieving a market value of $15.7 billion by 2030. Continuous advancements in NDT technologies and inspection methods have expanded the range of services offered. Cutting-edge technologies such as digital radiography, ultrasonic testing, magnetic particle testing, and eddy current testing provide more accurate and efficient inspection results. This has driven companies to seek specialized services to leverage these advanced techniques. Hence, these factors can assist in the growth of the segment.
The oil and gas segment is registering a CAGR of 10.0% during (2023 - 2030). Many oil and gas facilities globally have aging infrastructure. As assets age, the risk of corrosion, material degradation, and structural flaws increases. Regular NDT inspections are essential to identify and address these issues before they escalate, ensuring infrastructure longevity. Hence, owing to these factors, there will be increased demand in the segment.
Full Report: https://www.kbvresearch.com/ndt-and-inspection-market/
The North America region dominated the Global NDT and Inspection Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $7.4 billion by 2030. The Europe region is anticipated to grow a CAGR of 10% during (2023 - 2030). Additionally, The Asia Pacific region would witness a CAGR of 11.2% during (2023 - 2030).
By Offering
By Vertical
By Geography
Unique Offerings 
