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NDT Market For Infrastructure Industry Market Size (2024 - 2029)

The non-destructive testing market for the infrastructure industry is experiencing significant growth, driven by increased investments in infrastructure modernization and the construction of new structures. This market expansion is fueled by the rising need for safety and integrity assessments of aging buildings and bridges, as well as the demand for advanced testing techniques due to the high stakes involved in infrastructure investments. Despite challenges such as a shortage of qualified professionals and the impact of the COVID-19 pandemic on inspection processes, the market is poised for growth, supported by technological advancements and the increasing adoption of remote inspection methods.

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Market Size of NDT Industry For Infrastructure Industry

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NDT Market For Infrastructure Industry Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 6.32 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Low

Major Players

NDT Market For Infrastructure Industry Major Players

*Disclaimer: Major Players sorted in no particular order
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Infrastructure Non-Destructive Testing Market Analysis

The Non-Destructive Testing Market for the Infrastructure Industry was valued at USD 40.53 billion in the previous year and is expected to register a CAGR of 6.32%, reaching USD 58.83 billion by the next five years. One of the main factors propelling the market is an increase in investment in the modernization of infrastructures in various sectors and the building of new structures and other commercial infrastructures. Additionally, opportunities in the market under study are being created by investments in infrastructure modernization.

  • Non-destructive testing (NDT) is the inspection, testing, or evaluation of components, materials, or assemblies. It entails examining differences in characteristics or discontinuities without impairing the product's usability or a component. The market for non-destructive testing in the infrastructure sector is expanding quickly as a result of rising infrastructure development, an increase in the number of aging buildings and bridges, and growing government attention to public safety.
  • Natural disasters put real estate and infrastructure assets to the ultimate test, threatening their integrity and posing severe consequences. Technical non-invasive and semi-invasive tests are gaining popularity because they help industry stakeholders learn crucial information about the properties of the materials the structures are made of or are anticipated to be used in new construction. This is because the infrastructure sector involves a significant investment, and human safety is on the line.
  • In addition, expanding construction projects have a significant role in the infrastructure sector's non-destructive testing market. This is due to on-site or laboratory testing during the construction stage of materials and building components. The development of this market is anticipated to be aided by technological developments that make cutting-edge variants readily available.
  • Over the forecast period, it is expected that the shortage of qualified NDT professionals will persist because there is yet to be an obvious solution. Therefore, the need for more trained personnel and training facilities in the NDT market is expected to impact the market's expansion over the forecast period. In addition to this, the depth of inspection for most components has been usually limited to a maximum depth of 100-150mm, which means that the inspection depth is much less than the wavelength of light.
  • Furthermore, the COVID-19 pandemic had a significant impact on the non-destructive testing (NDT) industry owing to limited access to infrastructure sites, making it difficult for NDT inspectors to conduct on-site inspections. This led to delays and reduced efficiency in the inspection process. With travel restrictions in place, there was an increased demand for remote NDT inspection techniques such as remote visual inspection (RVI) and unmanned aerial vehicles (UAVs) for infrastructure inspection. While these techniques can be effective, they may not be suitable for all types of infrastructure and can be limited by factors such as weather conditions.

Infrastructure Non-Destructive Testing Industry Segmentation

Non-destructive testing (NDT) involves inspecting, testing, or evaluating components, materials, or assemblies. NDT involves examining disparities in characteristics or discontinuities, primarily without hampering the serviceability of the product or part.

The Non-Destructive Testing Market for the Infrastructure Industry is segmented by Type (Equipment, Services), Technology (Radiographic Testing, Ultrasonic Testing, Magnetic Particle Testing, Liquid Penetrant Testing, Visual Testing, Acoustic Emission Testing, Thermography Testing, Laser Scanning Testing), End-user Industry (Construction Industry, Industrial Sector, Real Estate Industry), and Geography (North America, Europe, Asia-Pacific, Latin America, Middle-East and Africa). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Type
Equipment
Services
Technology
Radiographic Testing
Ultrasonic Testing
Magnetic Particle Testing
Liquid Penetrant Testing
Visual Testing
Acoustic Emission Testing
Thermography Testing
Laser Scanning Testing
Other Technologies
End-user Industry
Construction Industry
Industrial Sector
Real Estate Industry
Other End-user Industries
Geography
North America
Europe
Asia-Pacific
Latin America
Middle-East and Africa
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NDT Market For Infrastructure Industry Size Summary

The non-destructive testing (NDT) market for the infrastructure industry is experiencing robust growth, driven by increased investments in infrastructure modernization and the construction of new commercial structures. This market expansion is further fueled by the need to assess the integrity of aging buildings and bridges, alongside heightened government focus on public safety. NDT involves inspecting materials and components without compromising their usability, making it crucial for ensuring the safety and longevity of infrastructure assets. The demand for NDT services is also bolstered by the rising frequency of natural disasters, which necessitate thorough inspections to maintain the structural integrity of real estate and infrastructure. Technological advancements are expected to enhance the availability of cutting-edge NDT solutions, although challenges such as a shortage of qualified professionals and limited inspection depths remain.

The construction industry's growing investments, particularly in emerging economies, are significantly contributing to the NDT market's expansion. Urbanization, industrialization, and government initiatives to provide housing are key factors driving this growth. Regions like Asia-Pacific, with its rapid infrastructure developments, are poised to offer substantial opportunities for NDT services. Countries such as China, India, and Australia are at the forefront, with substantial investments in infrastructure projects. The market is characterized by intense competition, with companies focusing on innovation, product differentiation, and strategic mergers and acquisitions to gain a competitive edge. Key players like SGS SA, Acuren Group Inc., and Mistras Group are actively expanding their operations and introducing new NDT solutions to cater to the evolving needs of the infrastructure sector.

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NDT Market For Infrastructure Industry Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.2.1 Bargaining Power of Buyers/Consumers

      2. 1.2.2 Bargaining Power of Suppliers

      3. 1.2.3 Threat of New Entrants

      4. 1.2.4 Threat of Substitute Products

      5. 1.2.5 Intensity of Competitive Rivalry

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Assessment of the COVID-19 Impact on the Industry

    5. 1.5 Introduction to Market Drivers and Restraints

    6. 1.6 Market Drivers

      1. 1.6.1 Stringent Regulations Mandating Safety Standard in the Infrastructure Industry

      2. 1.6.2 Growth in Infrastructure Maintenance Services

    7. 1.7 Market Restraints

      1. 1.7.1 NDT Services In Other Industries Restraining the Growth of the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 Type

      1. 2.1.1 Equipment

      2. 2.1.2 Services

    2. 2.2 Technology

      1. 2.2.1 Radiographic Testing

      2. 2.2.2 Ultrasonic Testing

      3. 2.2.3 Magnetic Particle Testing

      4. 2.2.4 Liquid Penetrant Testing

      5. 2.2.5 Visual Testing

      6. 2.2.6 Acoustic Emission Testing

      7. 2.2.7 Thermography Testing

      8. 2.2.8 Laser Scanning Testing

      9. 2.2.9 Other Technologies

    3. 2.3 End-user Industry

      1. 2.3.1 Construction Industry

      2. 2.3.2 Industrial Sector

      3. 2.3.3 Real Estate Industry

      4. 2.3.4 Other End-user Industries

    4. 2.4 Geography

      1. 2.4.1 North America

      2. 2.4.2 Europe

      3. 2.4.3 Asia-Pacific

      4. 2.4.4 Latin America

      5. 2.4.5 Middle-East and Africa

NDT Market For Infrastructure Industry Market Size FAQs

The NDT Market for Infrastructure Industry is projected to register a CAGR of 6.32% during the forecast period (2024-2029)

SGS SA, Acuren Inspection, Inc., Mistras Group, Applus Services SA and Bureau Veritas SA are the major companies operating in the NDT Market for Infrastructure Industry.

Infrastructure Non-Destructive Testing Market Report Snapshots

Non-Destructive Testing Market for the Infrastructure Industry Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)