Non-Destructive Testing (NDT) Equipment Market Share

Market Share of Non-Destructive Testing (NDT) Equipment Industry

The non-destructive testing (NDT) equipment market concentration is moderately high with the presence of key players like Olympus Corporation, Baker Hughes, YXLON International GmbH (COMET Holding AG), OkoNDT group, and Applus+ Laboratories, among others. Players in the market are adopting strategies such as partnerships and acquisitions to enhance their product offerings and gain sustainable competitive advantage. For instance, 

• In February 2024, Pinnacle X-Ray Solutions LLC announced the acquisition of Willick Engineering Co. Inc., a supplier of NDT X-ray equipment and provider of related services to the medical device, military, and aerospace sectors. Through this acquisition, the company will expand its products and services for current and prospective customers.
• In January 2024, The American Society for Non-Destructive Testing (ASNT) announced a strategic collaboration with the Center for Non-Destructive Testing (CNDE) at Lowa State University (LSU) as a sponsor. This partnership marks an important milestone in the advancement of research and development in the area of ​​inspection and sensor technologies.

Non-Destructive Testing (NDT) Equipment Market Leaders

1. Olympus Corporation

2. Baker Hughes

3. YXLON International GmbH (COMET Holding AG)

4. OkoNDT group

5. Applus+ Laboratories

*Disclaimer: Major Players sorted in no particular order